Member Info for DC2007

Already clipped another new low today. Looks set for less than 45p over the next few months.

UK, and Consumer/Retail in particular, looks like it can only sink over the next few months. It's hamstrung until Spring 23 at the very earliest; more likely about this time next year before there might be some relief.

Not like cine, no. But all input coats must have gone up sharply which will have taken a bite from margin and so the RCF could take up the slack.

I expect then to be further into debt when they next update (probs the RCF - though they're a.bit fuzzy in how they've shown the RCFs wrt the last balance sheet).

If debt is increasing as expected, can then see its possible that they'll talk about 'reviewing capital structure to make sure it can best support the business's growth', or words to that effect, at the update.

"Blatantly obvious that happened yesterday, its becoming too easy to predict"

Curious chronology to predict stuff that happened in the past.

Unless it's finally the evidence physics has been waiting for to prove time's arrow can go both ways after all!

'I truely now believe this doesn’t have much further to fall.'

So where do you think the floor is?

How much profit did Primark's parent make in the last five years?

More than £4bn. Despite a pandemic.

Decent showing. Primark with their old fashioned bricks have done decent.

Now compare that to Boo. Nuff said really.

'The ADVFN board is completely trashed by people who post every 10 minutes.'

Years since I looked in on Adfvn. But if that's your frequency for trashing something, then there's a resident policeman here, Officer Pompous-Sanctimonious (maybe has Greek family background), who just about manages that.

That's a really stupid retort. The connection is the companies have an investment in one another. Whilst causation is far harder to show, a little correlation is kinda likely. Coldplay is a red herring.

Sensible explanation for the SP decline unhooked. No conspiracy needed.

Looking like 40s as early as this afternoon for Boo unfortunately.

Down again in the morning for Boo I reckon; up to another 2% trimmed. Similar story for Asos.

'You obviously struggle to see the bl**ding obvious at times reg the price action...

Don't over think too much'.

It's a familiar childishness I've seen many times (DEB; PDL; TCG; ASC; & many more: some go bust, some recover) from those holding a shrinking investment. Capacity for reasoning and being rational gets very impaired and unreliable because they're too emotionally involved. The misjudgment is usually sustained even whilst the investment fails entirely.

Very rarely have I noticed this to reverse once someone gets locked into the 'wishful thinking' mindset. If preservation of capital is remotely important to one, then this malignancy is to be steadfastly avoided.

Given that as a binary choice, I'd have to go sub-50.

Outside of that, I think it'll bobble around mid 50s providing there's no developments with Rev. That turning pear-shaped so soon after their purchase would be such a large clanger dropped, the market would punish the Boo-boo.

If REVB gets suspended, that'd be the catalyst for Boo sinking under 50p.

Market reaction to the increased Rev stake was not at all positive and partly responsible for the drop in Boo this week I'd say. The market is saying 'what were you thinking!', and marking the shares down accordingly.

Streets' summary of the past few years is perceptive. Pompous policeman won't approve; expect loaded questions to follow.

What management are thinking of to blow cash on a loss-making business that might have governance issues is beyond me. Real irresponsible use of owners funds or the revolver.

They'll short it all the way into interims in Sep at least

From the shorters point of view, seems little risk of substantial upside even if the results are surprisingly good. And if results are dire, they'll make another good chunk.

The stats for online are skewed: Amazon had a Prime day in July and that's why it's higher. There's no generalised trend to adduce to show online retail is more resilient – it isn't.

People are cutting back already. Retail sales volumes are down over the past few months. That's only going to get worse in time for when key Christmas trading should be thriving. Bit of a perfect storm that'll mark the end of the road for weaker businesses.

'ONS July statsToday 09:09

Are encouraging'

But market says no. Why argue with the market again? Tis bigger than you and you can't ever win.

Boo buying a big stake in a mostly loss-making business is hard to understand. It's peculiar use of cash and erosion of owners' equity, again.

Yeah, inflation & cost of living crisis & business costs to me. The weaker the retailer and the more UK-centric their earnings, the more they'll be battered.

Makes sense if the UK economy ends up in a recession for the whole of 2023 as is expected.

40s in autumn. September update would need to be surprise strongly to avert that. Can't see how it could since their core UK market is in for a steep financial downturn. People have to heat & eat before getting Boo stuff.

It's their poor use of cash that trouble me most. A revolver is sensible enough and not at all unusual.

The worry is they'l chew through at the same rapid rate, to similar tepid effect, as they did they cash pile from a couple of years ago. There's no increase in revenue or profit to show for it. Quite the opposite in fact.

And their mired (because of recession, jubilation, energy and food costs going stratospheric) core market seems to have hit saturation point too. Can't see how this could turn back into substantial profits within the next few years.