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Maybe Debs sold labels to Frasers?

One highly speculative reason for the delay could be related to a corporate action involving Frasers. Frasers is due to report on Thursday. Apparently it has previously issued a profit warning (albeit still delivering £500-600m net profit!).

Its full year ended 30 April. Boos ended 28 February.

Maybe there is a funding deal involving RevB?

Highly speculative I know but I would like to exit this share!

Https://dailybusinessgroup.co.uk/2025/07/frasers-due-to-reveal-fall-in-sales-sse-updates/

Maybe it’s not a RevB announcement , but rather Frasers results which are behind delay?

Youth Brands appear to be an afterthought.

ASOS CEO goes to great lengths to provide granular detail on underlying trends (albeit headline numbers are still awful).

That’s a strong point. Buying brands just because you can, and then not managing them well, has blotted Kamani’s copybook when it comes to capital allocation.

The question is, whether Dan’s digital marketplace strategy is a silver bullet to the current woes for many of the brands which has been mismanaged. Don’t get me wrong, even Zalando (best in class) and Shein have marketplace. But Zalando and Inditex et al also focus on being an excellent fast fashion retailer. Dan’s retail skills are a big question mark for me. I’m sure sell side analysts will be probing the market place financials and his retail metrics on the earnings call.

I agree Hexam that it is starting to look messy having multiple marketplaces.

The brands are becoming increasingly disparate and deserve tailored strategies. This suggests the business should either be split, or brands should be sold.

Frasers would love Debs, KM and Labels.

Online sellers are now using intermediaries to help them manage their sales and inventory across multiple platforms: Amazon; eBay; The Range; Robert Dyas; B&M.

Pricing would be the same across platforms.

With large cap equity markets at all time highs, and Boo near its low, I desperately hope than Dan is going to deliver. This is very painful for long suffering shareholders. The delay is causing concern and there is little faith in mgmt’s unknown credible plan to release value.

I worry that the plan is marketplace and AI.

Debs market cap is now £276m now. Net debt at £82m. This gives an enterprise value of £358m. On a sum of the parts, I believe it is undervalued. I am struggling to believe that the current BoD are the correct custodians.

I do feel Asos has several strengths over Boo, but Boo does have a few unique features:

1) Asos has better corporate governance

2) Asos corporate website is more professional (Dan claims to be digital yet the corporate website is an after-thought)

3) Asos has been clearer in communicating its strategy (to be a good retailer!) Speed, agility, compelling proposition, brands. Boo keeps on saying market place. I understand how this works for Debs, but the rest?

4) Asos seems to have higher quality brand and I think can emulate Zalando

Boo's main strengths:

1) A strong stable of brands

2) Marketplace at Debs - this has the potential to be huge

3) Optionality with bricks and mortar licensing

4) Stronger balance sheet

SCB - I would hazard a guess why old CFO is leaving. He was no doubt part of the shortlist for an internal hire into the CEO position. He lost out to Dan.

It is fairly common for the legacy CFO to leave soon after a CEO departure. Dan might have had a good relationship with the new CFO and maybe didnt gel with old CFO. However, I suspect old CFO left for being passed over on promotion.

Hold tight guys. Dan is releasing shareholder value for all stakeholders 😒

The last story on Telegraph on 8 June said Frasers was trying to get meeting with Boo to discuss lending. I wonder if he is involved?

What the hell is this mgmt team up to?

I’m aware of share price splits to improve liquidity. Share price consolidation sounds like musical chairs to me.

Fundamentally changes nothing. Hexam I respect you as one of the best posters on here, but not convinced.

Reasons why I believe delay is most likely related to business review:

1) even if results are bad (they already given trading update) and fy26 guidance is disappointing, that is not enough of a reason to delay this long. They would just release them even if it was a profit warning.

2) boo’s implied cash flow wasn’t that bad from trading update. They had multiple cash inflows so I believe they have liquidity for next 12 months.

3) boos debt matures in October 2026. Waiting for lenders to agree terms is not enough of a reason to delay (unless business review)

4) given 3 above, then auditor should have no issue in signing off FY results.

Although I regularly feel BoD and IR treat us smaller shareholders with contempt, delaying results out of arrogance or spite is a bit of a stretch.

I share the frustration of many on here and likewise I will be factoring in the delay into my AGM votes. Unless there is a good reason, then I cannot support the board.

However, I still think that the most likely logical reason for a delay is that they are working on something related to business review. And by business review, I don’t mean marketplace and AI.

I check every morning at 7am. I will again tomorrow. The situation is now almost binary for Dan and BoD. Announce something that releases value quickly or lose shareholder support. I still expect ISS and Glass to support the re-election of BoD, but I wonder if Schroders and Camelot have lost faith in current mgmt team?

The share price seems to disagree with The Retail Week article: Dan is not the best person for the job.

The rest of the stock market has rallied hard over three months from the Trump tariff tantrum. To lose money in three months is special.

I wonder if it even registers with the BoD that the reason the share price is down 8% in three months is related to a loss of confidence? The share price performance since Dan’s tenure is not a ring endorsement - regardless that they managed to convince ISS, Schroders and Camelot (aka Patsies).

When we were told, trust us, we have a cunning plan!

What are your expectations for a RNS tomorrow? More tumble weed blowing across the dusty dessert road in the whistling wind?

Https://frasers.group/financials/boohoo-group-plc