Member Info for danl90

@Pmoran I was up early as on holiday. Never saw the open I’ve landed back with signal to the blood bath

I agree there are some positives. On warehouse I do thing sooner and would be possible but in all likelihood it’s cash! Instead of having £170m on hand to get started it in brick and mortor in London’s west end. I said at the time that was a joke and sorry for the “I am” but this tells me I’m right

Cash needs to go to growth.

On the scalable platform piece boohoo is unfortunately in a “middle” phase. But it’s good to see that if we just stood still in terms of investment then it would be a really profitable business all the way up to £4bln

UK growth is a mixed picture too as only £50m of the £140m growth came from core. The balance came from the brands after Jun-20. So this is positive but assume US growth is just core brands then their performance is ok. But as I’ve feared for a while I think boohoo isn’t great atm.

Got to look through this I think. Jun/Julia’s every man and his dog out shopping in Zara. When the real manchester summer comes back I’m sure those trips to town will drop and good to see boohoo reporting this

What did JL say in the update?

But US warehouse makes me very happy!

Been shouting about this enough. Or is it too fast @Pmoran? Only kidding fella

Anyways I’m out. Airplane mode for next few hours

Good luck all.

Oh god the US thing is right at the top. How I missed that ha

I can’t see the US warehouse?

But the PLT resale is a good idea. I posted on here that depop sold for an insane value why shouldn’t Boohoo have its own!

Wages and the distribution stuff will pass and also the commentary is good that we are holding all the fixed costs for £4bln sales but not there with revenue

This is the part about a scalable platform as we see future revenue come it all drops to bottom line

SCALABLE PLATFORM IS WHY YOURE HERE

@rag read the Debenhams section

Putting marketplace and beauty front and centre as the VALUE for investors

Growth in USA was DOWN on Q1

This is a bit worrying but there is a good statement in the outlook that recent slow down has pass and there is “re-acceleration” meaning meaningful growth is now back. We hope

Cost pressure number is huge! But has to be priced in?

Very difficult to read atm. Not finished FYI

This was my view when I first sold out. Sentiment weighs

Even against obvious value at times

Just need outlook to be positive!

"This won't ever go under £2.00, you can quote me on that."

You and the investors were "holding the line" at £3 so what happened there?

I’ll be honest I’m nervous for tomorrow

The boohoo appointing new seo and marketing agency and then appointing a new seo and marketing agency again in Jun/Jul can’t have been a good sign?

The new boohoo collab seems to have flown off the shelf which is good but the PLT Teyana Taylor edit looks like a flop!

Nervous

I think we're all hoping for a p/e higher than 24!

Well it's mixed as to how you see it

If you think shoppers will come back then great the increased basket means you're in for a boom

If shoppers steadily decline then the basket size can't grow much more (comments how price increased haven't been great for volumes). Also the product mix is stated to be lower margin so same revenue but less profit

Atm it's very unclear - keep a track on footfall is the only thing you can do here

@Golden you're right there and I get accused of being out of context

Still no figures from Rag though. I also would appreciate this insight as it helps mold the view of Debs

I think a worry / consideration is is this where all our Debs shoppers are

Next grew both online and retail points to market share gain

Next have the Total Platform (hybrid between Huts model and Boohoo) so they can do a lot of what Boohoo can do online now

No Instagram accounts for asyou or Miss Selfridge

Seems odd as being an online business a social media presence is sort of part of the game. Miss selfridge had one when acquired

Agree topshop was a turbo charge to value it the cooler trading outlook that dampened forecasts

Asos has had good results so far with topshop having tripled sales they had with topshop pre ownership

I think more M&A is the way to go here

I do worry about Shein but I do also think Shein takes more of a bite from boohoo and a younger shopper. As the world opens up speed is and quality will be important and here asos has a clear advantage. Asos just needs to see the risk that Jd sees and having third party brands on sale always leaves you at risk. Asos need to own more of their revenue. Missguided would be a sizeable move and bring lots of eyeballs to asos app. In the U.K. and international

hi Lorenzo

It's a fair point that isn't what management are doing. The message today was that growth and investment is happening and won't be slowing. The move and ambition for online was tuned higher over the same amount of time, growth in the partnerships sales engine, change in focus in product mix, new higher revenue target set for 2026 and then also 100 new stores

It isn't the case that they are just managing for cash atm. They are also building Rome

For me it's this message of "we need to invest" and also "look after the balance sheet" which has caused concerns as you've two big pulls on cash. All while the cash engine looks to be slowing (7% LFL fall in sales in current period)

That doesn't make for a comfortable mix. The other point is being omni channel sounds good but until each revenue scales you're adding a lot of fixed cost which you have to be sure pays off. Theres no doubt card have to go further online or risk death but as they go further this could be a cash burn if sales don't follow. Read the moonpig admission doc and how many data scientists they have. I doubt card have even a few (few adverts for them on linkedin) but you see the level of fixed cost here

Omni channel sounds great but it's a hard act to manage. Especially if you have declining revenue

couple that with a rasie

It's all a bit too unknown for me

There's a whole hour long session by asos on this and how they are shifting their mix of air and sea freight

For Christmas? Seems very brave!

@trovers everything you have mentioned is in the statement. The current trading outlook (where you need the most optimism as that's forward looking) is all there

I don't think you've added anything to be more optimistic you've just rehashed what is in there atm

@Lorenzo I agree with your summary sorry if I seem negative I'm just being what I would view as "fair"

I just thought a lot were very optimistic in the open and it's not all great here and the lump of debt is still an issue/ distraction