Member Info for FED1

Boo has always come across as the poor cousin to ASOS. I don’t think they are a good cultural fit.

Re : ASOS Merger

I read an article which suggests that ASOS doesn’t really rate Boo’s multi brand format which is disparate. ASOS mgmt seem to be more focused on fast fashion retail fundamentals. It communicates its strategy very well and the TopShop licensing deal seems exciting. ASOS does have a bigger debt issue. I do not think ASOS wants to be associated with Boo; it much prefer Zalando. Although there is overlap in shareholder base.

I want to give Dan Finley the benefit of the doubt. I hope he is working on something substantial along with Kamani which will cause the share price to rally.

My concern is though that we now need a 100% share price return to get back to the start of his tenure. Two sell side analysts have published notes saying the lack of communication is concerning and that they cannot reasonably financially model Dan's strategy. IR went into lockdown and the press reported damaging stories. The delay and uncertainty has decimated share price. This seems self-inflicted.

Neil,

In regards to ongoing EBITda improvement from closure is US DC, this is an embarrassment for BoD which resulted in the departure (ahem fired) former CEO. It also was a further blot on Kamani’s capital allocation scorecard.

The US DC was a key pillar of investment thesis for a recovery. It invested a lot (£100m?) as it told investors that next day delivery would fire up US sales. It abruptly closed it soon after opening as it was more costly to operate versus having the DC in UK. So yes, it will deliver a reduction in operating expenses going forward.

I suspect that SCB’s view that there is a surplus of labour may be correct. My instinct tells me that this business has a lot to do in terms of right sizing.

With hindsight, it should have raised more equity last year and sorted out balance sheet as well. A rights issue at current share price is untenable.

Your welcome Neil.

The debt reduction is due to a rights issue and disposal of head office. The expectation is that underlying cash flow from business was negative. It is usually positive for 2H FY.

Https://www.londonstockexchange.com/news-article/DEBS/debenhams-is-back/16934102

Revenue has been reported. SCB is correct.

Bfd wouldn’t make this mistake so at least it draws a line under that speculation.

I welcome the news that IR has confirmed it will be reporting!

it's a low bar but does allay some of the fears.

Bloody autocorrect

*im happy BFD to sell you my shares at my cost price.

i will take Kamani, bfd, umar tooth fairy money.

52p a share.

bargain

Bfd-

SCB and Myself (Fed) have lost more more than you have invested.

We are not paid to be on here.

Sit down and shut up.

I’m happy ones you my shares at my cost price

Sit down.

Bfd- are you paid by by Kamani?

Who are the stupid ones?

I’m indeed surprised by the 99% stupidity of non Fraser shareholders.

I voted for Fraser.

Share price has halved.

Kamanis out.

Dan out

Frasers in.

I find the recent RNS action concerning:

1) share price rallying on TPG speculation; stamp it out.

2) share price plummeting on supplier non payment and possible liquidity crunch; silence

If there is a 16p rights issue! I now think Dan has failed. 50% fall in share price in 8 months!!!!!

Every PLC will fire a CEO.

Breaking News:

Dan Finley is named in North Korea’s most stylish leaders who don’t give a…..

Dan chose not to speak to shareholders

Let’s face it, I was optimistic. Certainly wasn’t expecting a FURTHER 50% loss.

I just want out. Get into bed with private equity. I do not care anymore.

Share price 31 October 2024: 33.42p

CEOs get fired at halving in 8 months.