Member Info for danl90

Those emails are historical. They aren’t recent

I’m sorry but once certain people hit that “FO number” that’s it. They have got there. It’s a machine run by management now

If it wasn’t and he and Carol were involved. Why do they never speak on investor call? They’d want to answer points. Instead the intro by MK is half arsed. Can’t even script a nice summary “we are on our job. Over to John” and then sat on his phone

It’s the Chairman and founder. You’d expect a lot more than this even without the personal wealth attached

After the scandal last year which politician do you think would put their head up and want to save boohoo?

Honestly T4G you’re delusional. Boohoo isn’t Arm where it’s an absolute cutting edge gem (which Teresa May sold us down the river on) or a military asset. It’s a clothing retailer and on the stage of clothing retailers it’s not that big!

But yeah I’m sure a politician would want their face next to all the news when the history get reshown

As I said Shein can use paper anyway which going off the revenue multiple stated for their IPO they can pay any price

Kamanis we’re HUGE sellers at 270p ish. MK took £30m out of ladbible and Carol is being paid handsomely for her part in that too

Umar isn’t interested any more

If anyone here thinks the Kamanis are bothered you’re insane. I’m from Manchester I have friends at boohoo. They never show up to the office or join calls they are asked to

JL does but the Kamanis are shareholders now with a free bet

MKs payout at the £6 share price is £50m he got £30m the other week so he’s got the money he planned

I think if Shein list they will look for a takeover of boohoo

Listing will give them very valuable paper and therefore make any deal accretive and attractive

Also it’s a statement for the world stage which ego always plays into

I’d 100% see this as a possibility of Shein lists

Someone has put

“Burn them shorts” and Matt has liked it! Ha

On a $20 dress? Yeah that’s a great idea

Also we haven't started for Matalan yet. That was just announcement of agreed contract

It's hotel choc for the USA. Not UK

Tommy Hilfigure is 100% not one. It's miles different to the other sites. Laytout, icons, social media links, feedback thing on the right also fulfilment is slow AF. Also the cookies policy is different when the webpage loads. The bit where you pick the country

Sorry buddy it's nothing like ingenuity sites

You're cheating yourself adding that one

Yeah but it’s usually in the T&C’s

You can’t add to the list unless you can say it is ingenuity

You’ve not said why you think it is other than you’ve just stuck it on

I can’t see that TH is an ingenuity site? Where does it say it is?

T4G they have pulled guidance for next year. No one is concerned about guidance for the next two months. Come on fella you’re better than that

Also the re acceleration was masking that US performance was breaking and they didn’t fess up. They skirted the questions and should have been clearer here. Especially with all the customer data you claim they are making use of

They tweaked revenue guidance and margin guidance. Guidance for margin is now slashed 50%!

They have a history of delivery. Well atm we are seeing how much of that delivery was covid or them!

I'd always be a bit nervous taking anything rag says as gospel. It's mainloy stuff in his head

https://asos-12954-s3.s3.eu-west-2.amazonaws.com/files/1716/3231/3967/RETAIL_CAPITAL_MARKETS_vFINAL.pdf

Pg 12 tells you that Asos source as much from Europe as they do Asia and the split is actually more based on the product type not just sourcing ie Maritius is good for suits and tailoring for example

He also argued with me blue in the face that sourcing from Turkey was just as fast as the UK but now there seems to be an extra week of trucking? He gets a bit upset when he's wrong

Also other points to note are
- asos stock is being brought forward due to TGR scheduling system
- also multi-warehouse view means customers now see more than one stock pool. So if an item is at sea but the customer is US then the customer can now see the UK warehouse and the goods can be bought from UK and flown over
- final point is "partner fulfils" which now has launched with Adidas so if asos don't have the stock then adidas will fulfil locally

So it's tough and no doubt impacted peak but Asos showing why it's ahead of the pack here with this innovation.

Rag runs a small manufacturing site with 8 staff. Don't let him fool you that he knows much. He thinks "test and repeat" (which is what asos and boohoo are built on) is a waste of time and doomed to fail

So make of that what you will

- to buy an £80m property
- to not invest in US distribution when all other competitors were (so don’t say supply issues are not boohoo’s fault as no one else has the issue)
- to now try and press ahead with its own US warehouse when it will take too long and consume cash
- to now got go cap in hand to THG who can fix all these problems in 12 weeks and save hundreds of millions in capex

It’s the only answer and gets you there for peak summer trading. Atm you’ll miss summer and miss next summer

How on earth is that a good idea?

T4G have you listened to the Sep update?

Told no issue from service to customers
Told re acceleration in key EU markets
Told guidance was reaffirmed
Told margin was reaffirmed

And then two months later the difference in view was massive. It was deceiving

The miss from just two months wasn’t a profit warning more so that management never had a true handle and view on where the business was headed

The profit warning issues are of their own making and they had thought they could wiggle out (hence not changing the guidance when this would have been clearer to them in Oct when they updated)

Stocks build a strong forward earnings multiple when people trust management and the guidance. Now we don’t know what to expect from boohoo

And tbh as they have now pulled guidance for next year neither do they

Hope this helps you. I’m not comparing others. This is a boohoo issue for a miss on sales in international markets (which they went to huge lengths at the half year to tell us that was all great and getting better)

“ Now assuming that all the bad news was baked into the update, why has the sp continued to fall based on no further information, or indeed positive updates from other retailers. It's got Jack tondo with the business”

Or after being deceived in Sep at the half year update investors are believing management?

Also that there have been no material advances to address the error in proposition so how can you have any comfort over international sales at all?

Also fun to see Rag talking about share price and market expectations. That was all “rubbish for accountants” at one point

Factoring in the gain on that London property yet?

I mean that was a GREAT idea and 100% remains so. Think of the rent we are saving!

@poker I started this idea the other day but was referring to ingenuity clients (post on 4th Feb). Also I did highlight some of them as errors the last time this list was posted

I just wasn't doing the whole thing. But you want to know what THG own it's clear on the investor relations pages. Surely you look there before buying some stock?

Fair point for some of the obscure ones but some of our main own brand beauty assets is a bit of a miss

They are the high value cherries

Problem with inflation is is it’s a self perpetuating cycle which I think investors on here don’t always get

It’s not the short term spike that worries anyone it’s the cycle growing legs

Inflation goes up, people ask for a pay rise so prices supported and then inflation creeps another time and then and so on and so on

Good interview with BoE big dog saying “don’t ask for a pay rise” and that’s why

Allsole
MyBag
Zavvi

Are own brands. Given you’re “invested” it’s worrying how much you knew of its own brands!

Feel unique I’d take off it’s owned by Sephora

But it does though Wolf. Those dresses are for Christmas season which has now passed

Winter season dresses are now on sale at heavy mark-ups or they don’t sell

There was a high stock pile heading into peak as mentioned at Sep update so this is just additional dresses which are now not for occasion

Re cash you can just use the annual figures so ignore the point you’re making. But cash will be lower Jan and Feb as this is when you pay the Christmas suppliers but you’ve already had the customers cash

Re US you don’t need to raise cash. You can share for **************. We’d just have stock to sell over there