Member Info for danl90

I don’t know why I keep being called an accountant. I think it’s some sort of dig

But no I’m no deramper or ramper. I’m just a guy who will discuss things on merit and back up with evidence and support

Kind of what grown adults do

My skill here is that as I’ve spent a fair few years doing this type of thing I can say think and articulate it into the share price when guys like Richie and rag just think stuff is cheap as it used to be £4

If they can’t back it ip with substance or relate it to valuation they are the idiots. As you own shares. They relate directly to the value of company. They aren’t appreciation tokens

I don't think I doubted the spin offs the point of uncertainty is how these happen and what capital is required for each business

Ie if Beauty spins off will is also try and raise £500m or so of M&A capital?
- ingenuity what price will that be if Softbank don't take option and how will it fund capex when not connected to Beauty? Beauty won't give it cash for capex when it has it's own agenda
- Nutrition is probs the easiest standalone to sell

These are the questions

But THG website has changed (https://www.thg.com/)

Now only has a top line banner for Ingenuity. I wonder if this is a hint that the spin offs are on? Obviously the question is how the spin offs are happening and how they are funded are the bigger questions

I'm not a doomonger at all

Boohoo was a great business. The model for the UK is amazing and clearly works. The business however atm has fundamental flaws which will persist for next 18 months or so

Richie just has no substance to understand any of these things hence 0 push back or evidence. He's just a ramper. Plain ramping is the same crime as de-ramping. Filter Richie he's clueless and also has 0 bottle

The city don’t ask you to step aside if they think you are any good or pivotal. If they are asking you to step away how one earth is that a vote of confidence?

“You founded the business, built the business and according to the LSE board, amazing. But yeah we want you to step away”

Makes 0 sense. Asos dropped like a stone when it’s Chairman was being poached by BT and here they are asking him to leave/ step back. It shows they have met him and they don’t rate him

Maybe this is why he doesn’t speak? Or answer questions?

Re Umar I think you’re all being naive. The time difference in Dubai means the cross over of work would be minimal. And yeah you can work remote but find me another board where they have 6 hours time difference and I’ll agree

You won’t really. This isn’t someone in Edinburgh and someone in London. This is supposed to be a fast paced business and anything that’s produced after a certain time the CEO is done for the day or in bed and then only available for a few hours the next day to come back

I don’t think all entrepreneurs are like Branson, Musk etc. how many rich guys do you see wasting their day in golf clubs, gyms or car clubs? 100’s every day. Some people get to their “FO number” and then that’s it

Umar has a fantastic life so does MK (think he will take a while to spend the £30m he got from Ladbible too) so what more does the money do?

The difference with those guys you mention is they breath their businesses. No one is asking those guys to “step back” maybe you’ve answered your own point tbh

No the reference at the start of this thread

It looks like the Bloomberg article has been removed

It just not around

I meant the Bloomberg article sorry

I can’t find this at all

"Another peabrained rant."

Well try showing us something Richie - again comes up with nothing of substance - beware of rampers or those who are just "wishing"

Richie exposing himself here as he doesn't even know the main "problem" atm

@wyndrum it's possible but as I said MK took more cash than boohoo stake is worth now. £30m from Ladbible. He put £1m into Avacta at 10p so that's £10m

All of that is cold hard cash in the bank. What is there left to buy? How does his life change if boohoo is worth £3bln or £7bln?

He's got all the cars, houses and holidays he wants covered and it shows

But richie will say it's wrong. He won't dare listen to an investor update as he'd hate to hear I'm right and most importantly hear NOTHING except a CBA intro from MK

Come on Richie add something to the board. Do you have any clue or substance?

Well given he gets £100m of our money when the share price is £3 odd off I'd like to see him working not just posting messing about in Dubai

I mean again is this just wearing blinkers? Yes of course it is. An emergency such as this and none of you are concerned that the he's just not interested. Yeah you don't see it all "behind the scenes" as you say but look at his stories and compare to what working hours are in the UK. He's clearly boxing or driving cars when the UK is in work mode (as Dubai is 5/6 hours a head)

But again yeah I'm a sausage. The business having a huge issue and it's fully ok for top management to doing whatever whereever. I mean thats a sign of quality in any business

When the profit warning came out where was Umar? Skiing! and not even hiding it. You think you'd be a bit more humble given the huge loss of value to shareholders that you might not post. But nope. Loads of skiing and luxury and then some pics of NFT and some advice on buying NFTs

Oh and then a tweet of Sam Leech buying stock and then back to Dubai where it's been boxing and cars again just the sort of traits you want to see from management

Again Richie presenting NOTHING to support his points but accuses others of bias. Do you want to tell us when MK last answered a question?

Want to tell us what Umar is spending his time doing? MM at THG has his flaws but when his stock was being hammered he said "he was working until 4am starfish on the floor" yet Umar is just in the gym with Anthony Joshua and some NFTs

Again if it's not bias want to present some EVIDENCE to the contrary? Or same script of "no"

Also "It will all change fast, dependent on two things, they continue showing good growth in the UK and making money, and the China shipping rates/times."

This is an incorrect statement. The second part is not the BIG issue. Tbh it's worrying you haven't mentioned the BIG issues

Are you "invested" or blind with your bias?

websites not companies

It’s not bias waffle. Go on any of the investor presentations (I assume you listen to them?). Tell me the last question he answered

I’ll tell you you won’t find one in the last two years. Carol just her bit on brands but then again, nothing

Also biased, ok how many shares does JL have? 0 it’s a fact. It’s not bias. He get £1m a year and never bought a share

Again MK getting £30m from ladbible. It’s in the admission doc go check it. A fact

Umar, go look at his Instagram and his stories. He just posts about NFT’s and his gym. He lives permanently in Dubai atm. He’s not hands on deck back at PLT (where you would be if your skin was on fire as it is atm)

Once you’ve got your “FO money” number the rest of just digits. MK has clearly hit that number and so has Umar. That’s why they have done exactly that “FO’d”

It’s not bias

Tell us last MK question answered? And what’s Umar been up to last few years. I’ll give you a clue Umar’s IG profile is an NFT for starters

The point of what the Kamanis own is less relevant now

Look at “cash out”

MK cashed an amount which is probably not too far off what he has now in the company (the other family MK members aren’t involved (meaning his brothers here) actually one of them took his cash and set up I Saw It First which is a rival)

Umar took well over £100m and clearly isn’t bothered anymore. Look at his insta he’s just in his gym, Dubai car club or playing with NFTs. When did he last post from the office or anything about PLT?

“Skin” in the game is exactly that it’s not just “money tied up” it’s money that if lost makes you hurt

Kamanis are fine either way. MK took £30m out of LadBible just last week and Carol got a few million just to join the board of it

The money is almost irrelevant for them as you say “buy a Ferrari” Umar has a Ferrari you can’t just order. So they have all the Ferraris and cars they need. The rest is just extra numbers

More interesting is JL’s “skin the game” which is £0

Again all this will be “wrong” but actually think about it. Ever hear MK’s voice on a call (exclude him doing the intro)? He’s there he just doesn’t answer, why? Watch at the half year he’s just on his phone and texting

Sport Direct and Flannels don’t do free returns

Not saying Mike Ashley is a link! Ha

Well no they aren’t in breach of the regulations as the regulation only applies if the good is over £42

It’s exempt from the regulation

I’m not an accountant (I trained as one when I was younger and the worked in banking so can, at a push, read legal docs too). My role is more commercial. I haven’t done accounting in a long while

But they can do as you said as they could say “a cost of return is x per item if there are multiple items to return they can be bundled into one package”

So I’d happily sign something off as it’s not a risk as not in the regulations. Same as Kallus example

Twinnings being a perishable good is exempt from the regulation

Isn't* most order sorry as AOV is £43 in FY21 therefore the skew of volume will be a lot of order below this amount with a lower amount above (as we know boohoo average cost of product is low and people buying 1 or 2 items)

I do but after a little more digging I also found

https://hjsolicitors.co.uk/article/distance-selling-contracts-and-the-consumer-contracts-regulations/#section-7

"The Consumer Contract Regulations don’t apply to distance selling where the goods or services are:
Worth £42 or less"

So the rules you are saying only count if the goods are over £42 so given this is most orders Boohoo doesn't NEED to offer free returns

But on your original point clause A allows you to charge for returns. The point that you're stating is sort of a none starter really as evidenced by lots of companies that do charge for returns as they have the right if the good is below £42 which excludes it from the point you make

T4G Q4 sales being lower is vs last year so you’re comparing apples with apples

Seasonality isn’t a factor Q4 is always Dec-Feb year on year

@Phat just because a guy made money once doesn’t make him a genius. As I say there’s nothing in that video unless you’d like to correct me in which case that something I can learn

But in summary his video is “was £4 so it must be a bargain”

His statements about the business are factually incorrect and concerning to consider him viable as investment advice

The DCF video is the best of the three but again plagued with errors. The point I made re growth is also picked up by Liberum (which has been posted on the board) so that models down the videos forecast share price