Member Info for danl90

@rag management have given you guidance for the 12 months a head

Please please please try reading at least one RNS before you comment

Please read this twice rag. Always good to hear what management are saying

The marketplace is for the future it was never going to be in these results as these results are to Feb-21. This is the second time you've even read the date wrong

The thing you said was going to take time was the burton and Topshop brands. You never understood what the marketplace is! ha

" you can only ever comment on here when you have a report , its how accoutants work" - read the board buddy we are all talking about the results. It's just you who doesn't understand them (30 years experience of being the milkman)

Not sure what you mean re topshop but if it was re asos it moved a huge amount of 3rd party revenue to in-house (i thought you'd understand that). Also in-house margin is higher (although you went blue saying it wasn't for ages)

Why have you read the results? Waste of time according to rag

Best to slaughter a pig and boil it in a broth of melted boohoo jumpers

Great summary though Webba. Agree re new brands but again the small overall contribution is not to worry re lower margin. (This is what I was teaching rag - it’s fine to do a little bit of wholesale or a side business but you have to keep an eye on the whole beast - think he’s getting there)

Hopefully analysts will press on the lower margin and JL will surprise to the upside and say the platform will bring out margin improvement over time

@rag, no mention of cameras. Or anything you ever add tbh (third time now!). Lots of what I talk about buddy

@wolf you’re right.

Reading the RNS while walking. The font on lse RNS is so tiny

Probably other errors in what I have written? But still the growth from these brands when you work back the 5% of 25% doesn’t feel too punchy so upside here longer term?

It’s a bit of a mixed bag (I’ve only scanned it so forgive errors)

- growth in core brands is good (overall but have they broke out by brand? Might have missed it)
- margin outlook isn’t great but carrier costs may fall as world normalises? Comment that new brands are lower margin isn’t great at all but small part of business
- new brands only 5% growth! Seems uninspired and also not clear what this 5% is based on? For warehouse and coast it will be current trading but where does burton stand? Is that £0 or what topshop achieved with it online? It’s not clear
- also for margin compression and slow growth makes you think why bother? Would money have been better spent on US warehouse? Also no mention of this? And we were supposed to hear (sorry again if I missed this)
- no mention of marketplace at all! No mention of beauty? Maybe I’ve missed this but worrying if there’s nothing in for this atm
- I think this will be positive today as the stock is so cheap but it doesn’t feel great overall

SIG I would look at as CD&R are a great PE firm

Annoyingly though CD&R are also backing American Greetings which is the company bank rolling Clinton cards. Hopefully CD&R pull the plug on that

I think you’re confused rag. Again buddy it’s a share. When you think the business will hit expectations and management are running it well - buy the shares. If there is a bump to those expectations you should sell

Fleagate or US gate could have derailed against expectations so the smart money sold and bought back at a big discount. Those in the cult (who also aren’t smart enough to value a share) just hold on as they aren’t sure what the shares are worth or what it is the business is trying to achieve

“All the charts, graphs count for jack when a curve ball” not really again you have to rebase the valuation on the new figures (as currently you use expectations)

Once again rag lots of criticism of stuff you don’t understand but if you have a better way of valuing the share then want to share?

Go on...

And again I’m not at the alter of boohoo. I’ll sell if I see risk. It’s you who is condemning people for selling or readjusting for risk. So you’re sort of offending yourself here

Also re asos i critiques them months ago for not having enough in-house revenue but they bought a business called topshop which brought a huge amount of revenue in-house. So again you can buy shares if you think management have a strategy to deliver value and meet/ beat expectations

Again don’t get personal with shares. Just understand how to value them and buy where there is value

Tell us your valuation metric if it doesn’t involve numbers. We will wait...

Also selling a stock and buying it back cheaper is part of the game. You don’t have to hold it forever. It’s not a first born child

One of the main rules in this game rag is don’t take it so personal. It’s a share in a company. Nothing more. This isn’t a cult. Buy it and sell it for profit

Once again these are shares not appreciation tokens

You should try crypto. It’s more akin to your cult hold it forever and not have to be able to value it understanding

You might be good at crypto. You have the sufficient “lack of” skills

So you’ve almost got there rag. Not quite but almost. A company has to hit expectations (the profit, revenue and margins etc) that they set into the market. This is why your wholesale idea doesn’t work for boo as it would damage the margin expectation and cause a sell off. So you’re almost getting there

So the point about words and figures in the statement is right as you’re looking to see how the business is trading against the expectations and how management view the future and also their strategy for getting there (management are the people running the business so they decide what and how it does it)

In the case of USA gate yeah if you think that would mean a miss against expectations you would sell. Same as if you think managements strategy is wrong and would cause a miss

Atm I’m in I bought on Friday for a day trade. Limit at 345p exit. Then back in today at 327p after I flipped capita

Not a bad day but day trading isn’t my thing just some times it’s fun

View here is if management hit expectations and if there is margin compression they have a plan to address this then should be positive

Figured out what NWC is yet?

Benefit of a scalable platform. Some say it’s just words but you see above how it makes a difference.

Basically means you can throw more and more revenue into the top without adding a proportionate amount of cost. Stores say x revenue per store. You want more customers you have to open more stores so cost rises with revenue

The “platform” (which is the end to end solution) means as revenue comes in the costs stay flat so you get the margin expansion at the bottom. Also boos platform as it owns the whole end to end and uses test and repeat (better than asos version of seeing what sells from Levi etc and then reacting means) your agile to new trends/ or create new trends but also you carry a much lower NWC requirement (NWC what’s that? - just words again but have £millions impact)

Yeah just checked and consensus is £147m so £150m rounded off

But as ever expectation going forward will be key both for revenue and those industry leading margins (hence why they won’t dilute that with reselling third party brands)

It’s about creating value not just profit. Profit is one side of the equation

I suspect JL will open big on the new cameras boo has bought. Will probably be the opening statements?

I wasn’t looking at figures but there was an article the other day quoting £150m earning (which would be net)

So that’s the difference

Don’t worry rag we are talking about share price not the appreciation token you’ve been collecting

Different board for your stuff this one is for investors

XPS plc
Ramsdens plc

Both very cheap and haven't returned to pre-covid levels. Both are strutural winners in their markets and have defensive revenues when the world is back to normal

Ramsdens is very cheap give £15m of the value is cash on the balance sheet

@herekitty - management gave guidance on the earnings

Sorry i think you've done a rag and used the wrong inputs for this calc. Also shown a general misunderstanding of the concept

Well use the earnings expectations for tomorrow?

c.£150m at £4.2bln is 28x

But then you also have cash on the balance sheet not debt so the P/e also falls

Hope this helps

Are you using a forward p/e? I don't think so

If you're using the FY20 earnings then your "simple maths" is flawed

Luckily I sold at 345p this morning after buying on Friday aft. Really haven't clue which way this is going tomorrow so rather watch from the sidelines

Re "presents" I own Glencore so I can't be too upset by this! Wonder how you secure a mine in the Democratic Republic of Congo?

Margin not important? What if you grow at 25% but lose GM%? You could end up having to be a hell of a lot busier just to stand still

I think this will be the area of focus for investors. Not so much this set of results but outlook

Hoping for a rally pre results tomorrow