Member Info for danl90

No it seems you've missed my point. My point is not that you shouldn't be allowed to own the share. My point is how "valid" your opinion is (I laid this out quite clear tbh with the three points below)

My point is that when someone how been wrong about the business 8/9 times, disagrees with the plan of management (can give you 3/ 4 examples of this) and also doesn't understand what they have actually bought. When does their opinion become invalid? Apparently never?

So I think what you're point is is that everyone can have an opinion but what you might want to try and refine is how "valid" an opinion

Rag doesn't understand the sector
Doesn't understand the business model (or even some basic business items)
Doesn't understand or agree with the strategy from management
Confuses a lot of facts re the business
Doesn't understand what he's bought (but claims it's a "steal")

So want to let me know where you stake the "valid" part? Or just want to blindly defend him forever?

Why not ask him some of the points I've called him out for an we can have the debates? As every time he loses he blocks me and goes to attack me personally. So as I say why not get the points back out so we can all conclude and learn?

Be bold Pmoran. I know you have it in you

Sorry to put here so the point isn't lost

Really would like to see which points are out of context? My points are not out of context (rag tried this last week so I copied all the context for him in a single place re wrangler/ debs and then oh I went green). So it seems I don't take stuff out of context but rather everyone once to claim "out of context" they are wrong

I fully got your point but it's just incorrect and you should be better on this. You think just because the number of people looking to invest somehow validates their view? Of course not. Just because investing has become more accessible doesn't mean they know what they are doing. Rag is a case in point. Doesn't have a clue what he has bought. Rather than conconding gambling you should be telling him to stop. The same way you wouldn't condone someone sat at the poker table saying "I think i'm doing well as I have all the red ones"

I'm a corporate finance professional, IPOs, reverse takeovers, buy-side, sell-side most things tbh but just because I can buy a wrench doesn't make me have a valid opinion about how to fix the sink does it?

And again, in the case of rag, is he has shown with his "industry insight" to be magnificently wrong on so many points. So at what point does his opinion become invalid?

1) doesn't know what he's bought (but claims "absolute bargain")
2) doesn't understand the industry
3) disagrees with the strategy laid out with management

At least in your point re Greggs he met points 2 & 3

So when are you going to play fair and tell us where the mark lies where someone is "invalid" because I've got rag down for 8/9 big errors on this business/ industry. Coupled with the no knowledge of valuation at what point are you being irresponsible just telling everyone to "have a go"

So I'm sorry but my view on you has turned as as I say you won't call out rag at all. Play the middle road and call out his 8/9 errors (I'll give them you) and maybe we will get some middle ground on this board and we can educate people on how to value a share and maybe have a better time

But you won't...

But again I’ll make the point. Rag claims to know everything

(Lists the 7/8 things he’s been materially incorrect about) and we all still need to have his opinion? Really?

Let’s get his errors out in the open and also make him realise he doesn’t know what he’s bought (“absolute steal”) and if you want to take a high moral ground @P then you can sleep well knowing that you helped someone learn

Atm all you’re doing is encouraging a guy who doesn’t understand the business or what he’s bought. This is like getting the plumber to fix the lights with a JCB

But yeah let’s gather round for the opinion (test and repeat same as topshop…data? Who’s that?…platform = website etc etc etc)

Ladies and gentlemen welcome to the dumbest post ever on LSE

“ As for the people on here I’m not sure what their professions are but since the late 80’s the number of individuals who invest directly in shares has grown considerably and there are sure to be plumbers and blacksmiths or any number of other professions out there who manage their own pensions and isa’s and I don’t see why that should make them any less qualified”

Please find me a private equity fund where the team is materially made up of plumbers

This post reads as though valuing a business is some sort of alchemy as though all it needs is some sort of hunch or ability to see something

In you scenario the point (which you’ve missed 4/5 times) is that he doesn’t know if he’s bought value or not

He bought shares and the stock went up doesn’t make him right but then again he’s just as qualified as everyone else

I bet he’s on the payroll at Robey Warsaw now?

It’s a share price mate. If you can’t articulate value then you’re just betting. Your mate although he was right would have saved years of his life by betting red or black at the casino

ha basically rag thinks boohoo is a "ragtrade" business ie it's just about making the stuff look good and it flys off the shelf.

It also doesn't matter how you do it ie online, stores, wholesale etc just get it sold

He also dispute that a "platform" and "data" are real and they are just buzz words. Topshop had the same insight and speed via stores

Rag also think Boohoo has had huge success with the brands it has bought just by making micro chnages ie just taking better pics on the website. Not much else

Oh and he think test and repeat (which boohoo does) is foolish and shouldn't be done

So long and short he hates the company and everything you've said above is wrong

Oh, but he's "invested" and thinks the stocks going higher!

It's the opposite of Kallu

Biggest swerve ever ladies and gentleman!

Come on P get rag to play fair! Happy calling me out well get him to back up the ramping. It's the same as Kallu just the opposite direction

@J finally someone who "gets it"

Rag would say you're wrong! He's 30 years experience and knows the guys from Pennywise

Topshop trialing a dress in 300 stores is just the same as boohoo's version of test and repeat

What about spotting trends? This is still only possible from being on the ground in a location? Ie there's no way a business in China could know trends in LA?

But let's give rag time to tell us the answers now. Or is he waiting for PMoran to pop in to defend him and tell me off?

Bear in mind he wanted Boohoo to have a "more normal p/e" (I get accused of taking stuff out of context and this quote is from Oct-20 and I don't think he ever knew what a p/e ratio is

Also you mention data. In what sense is this the same type of data insight that Topshop enjoyed when they were on the high street?

The point isn't if it's hard or not the point is if Rag can tell us!

That's why their targets are broad guides. They aren't exact as that's impossible given you aren't buying the business on a set day unlike in a private transaction where you acquire the whole share capital (ie you can clearly calculate and agree a price and it will execute)

But rag should be find to do the broad brush analysis here as he's declared both an "absolute steal" so he's clearly calculated huge upside even if using a wide estimate

Curious to see where he lands on this one

I'll happily answer but only after rag tells us!

This board reminds me of this scene in 300

https://www.youtube.com/watch?v=gI6sARmxEuc

Loads of potters, sculptures and blacksmiths all have great insight into how to value a share

Pmoran we’ve seen you play this game before. I nice long moral post calling me out but never a word to rag. Are you two old mates?

There’s absolutely nothing wrong with asking someone too say why a stock is an “absolute steal” to tell me there is is just condoning ramping and I’d have thought you were better than that

The noise of what I say is lost? But again this has happened as rag has taken every opportunity to say I’m wrong on everything (despite comments, quotes or articles even words direct from the ceo himself while he tells us stories of pennywise)

What I say is lost on this board as people on here are plumbers, ex-salesmen or small shop clothing manufacturers. What they own is a share in a business which has a valuation

Rag has been spouting “everything’s on the table” and “in fashion you chase a £1 where you can” despite this business driven by a clear strategy (it’s on the website and in all results updates). Again as there’s a gap in understanding between profit to valuation

Why not mediate the right way for once (no comments about the ginger and other offensive language below P?) and I’ll help educate on value

Or why not ask to answer the question once for yourself and you’ll see

But I suspect you’ll do as you did the other two times now. Just not reply or try and get rag to back up what he says in terms of value

Is a share. It’s directly represents value of a company. If you can’t get to that then you don’t know what you’ve bought. So how can you claim “absolute bargain”?

Have a go P ask rag to tell us then you’ll see how useful his contribution is (add to all the thing he says boo is doing wrong - which are actually the strategy!)

My energy bill might go from £50 / month to £60/ month will stop me buying clothes?

Yeah ok

@kallu if you want to expose a “boohoo gambler” then nows your chance. Ask rag how he calculates these two businesses to be “absolute steals” other than just price used to be £x so this is less.

Even more ask what they should be worth. If you say they are “absolute steals” you must be able to say at which point they aren’t (common logic rule I forget the Latin) but also mentioned by all analyst and “stock tip” writers. So let’s see what rag say here

Also worth asking him why by a business where the ceo see it’s fully integrated and data driven platform as it’s largest asset? He doesn’t think they exist. He wants a retailer with growth why not buy Next or JD?

Happy hunting!

@Kallu don't use the word "valuation" with rag. He doesn't understand it. Shares are more like appreciation tokens or like being a groupie to a band. You just buy them and hope others get the same appreciation so popularity grows

What you make of the Hut group news? Spinning out the platform as a stand alone business

Will you be tuning in at 3pm rag?

Really useful the two previous capital market events by Asos. Great insight into how they do what they do. Might be useful for you to see inside the yoghurt factory rather just dropping the milk outside?

don't worry apparently a load of old debenhams brands are more than going to offset any troubles the in £2billion of expected revenue produced by boohoo and PLT

It’s part of the capital markets events there’s an hour long session today with analysts. It’s the third one

If you’re a long term holder you should have watched the other two

A dividend would make this stock crash

But what divi should they pay? A 10p divi would whip out your entire cashflow and that's not a great yield at 3.8%

I agree you'd get some funds which would be permitted to invest but the yield wouldn't be high enough for them to warrant the risk. Why by a (based on 1p divi) at 0.38% yield at a high risk business when a water company or REIT gives you +5% with no risk?

Modigliani and Miller dividend theory is the best in my view. If management have a plan and you like the plan then leave them the cash to execute

@PMoran I'm sure we could go faster on both getting a EU/ US warehouse (Gymshark is building two in the US atm and that's a smaller business). Boohoo is happily adding warehouses at pace (is it two or three in the last 12 months) but they are all UK. So it's not so much that they can't add at the pace but rather they are choosing to add only in UK atm. JL just the other week highlighted he wants to add 5 more at c.1 a year so again there no hint that pace is an issue (from the CEO)

On the point re debt. Asos bond was price at 1% so the illustrative point you raised is a bit misleading given what we see in the market

And on Leicester, I think we all know that "growing too fast" wasn't the real reason. MK knows all the guys in Leicester. It's been an open secret for years what conditions there have been like hence Asos and others leaving. I think we're being a bit naïve to think boohoo wasn't aware (Alison Levitt highlight direct emails to senior staff). It was more a case of if we don't look then we can't see (chronic understaffing of the supply chain audit team also in AL report)

Add to that the clear links between the factory's and the family. But yeah growing too fast seems legit. Maybe MK's dog eat the email with the conditions report on too?

But to add I'm a capitalist so I don't blame boohoo. And I think it's 100% the correct decision to stay in Leicester and invest to improve. On that front alone when the company succeeds and Leicester is a global powerhouse I do think JL should get a Knighthood as it would be a great beacon of UK manufacturing and god knows that he's had his fair share of PR burn (that his son's death needed to be splashed about like that was disgraceful)

Re debs - just do it via marketplace for now. Set up a website and set up agreements with good local brands - you can get a commercial team out to do this. Or there might be a local marketplace that can be acquired. Point is when you do it you can build story to investors. You can then sort out how it can work (common Private Equity strategy). If I'm thinking more on it a proper management team in the US could be good for local comms whilst also adding the bandwidth. It doesn't have to be huge it's just showing investors where the plan is. Makes it tangible

As I say PE do this a lot. Grow a business in UK. Then 6 - 12 months before you sell buy a similar business overseas and then you get to fill the next buyer with the dream of all the blue sky they can get when the model executed in the UK is copied in the new acquisition. No one pays up for it but it attracts a higher level of investor and interest. Let's just see what Debs could look like in say Aus?