Member Info for FED1

Apologies SJ74 - you are correct....thankfully!

How does a company that reiterates guidance fall 50% before the announcement?

I agree that Calamonte should now go. He is destroying shareholder value literally on a daily basis.

I read the 15 January 2025 RNS and it says they "Reiterate all other medium term guidance"

FFS!

If we do get a rights issue, I think we have to ask why didnt they sell TopShop at the higher value to Shein.

I think you’re right.

Something has leaked. I suspect we are going to have a rights issue at £2 a share!

How the BoD does not believe this needs an RNS is staggering!!!

The share price action is a ruthless arbitrator. It is saying Calamonte is not up to the job of leading this company. The brutal decline in the last two months ago suggests that the next results will be pivotal to his ongoing survival. Those £6.50 share options which were approved only last August now seem like fantasy land.

Zalando could buy ASOS with one year’s FCF.

It is a much stronger business than ASOS.

So Calamonte will be coming up to his third year as CEO. His strategy should now be bearing fruit. This is being kind seeing he was instrumental to the strategy before this date.

I do see a lot of similarities to Zalando and it seems premiumisation is the best way to compete against SHEIN.

I think ASOS and Zalando are a good complementary fit. The chair is also ex Zalando.

https://www.asosplc.com/news/asos-announces-board-changes-jose-antonio-ramos-calamonte-appointed-chief-executive-officer-jorgen-lindemann-become-chair/

Given the share price performance, we are beyond medium term guidance. The incumbent mgmt team has been in long enough. Zalando is doing well. It is concerning that we are not even confident they can hit bottom end of revenue guidance (-9%)

“Long term value creation” means that short term they are successfully achieving value erosion.

I think we need some clarity on who is essentially running PLT. If it’s Umar, then he should be named its CEO, have his pay scrutinised by shareholders, and be on earnings call to take responsibility for its performance. Transparency is key.

SCB,

I agree that reneging on Capital Markets Day a second time doesn’t instil confidence in current BoD.

It did say that Business Review was still ongoing. It is clear that Debs and KM are now core and youth brands are secondary to strategy. I wonder if they are working in deal to dispose of a Youth Brand? Hence the delay. We essentially know the new strategy. Market place and credit opportunity. Unless there is another part of business review to announce?

Investor sentiment is an important part of seeing this stock get a rerating. Obviously fundamental data will be key. However, I woke up this morning actually feeling positive about the outlook for Debenhams Group!

I’ve never seen anything like it. A relentless but steady decline in share price, regardless of whether the rest of market is having a good day.

We probably have another 20 trading days until announcement. At this rate, it could easily test new lows.

The BoD need to excite shareholders!

All I want is a positive like-for-like sales figure at group level.

SCB- it states the first quarter of 2025. This is undoubtedly the calendar year. They would specify if FY.

I share the frustration and equally would not be surprised if they fail to deliver a capital markets day for second time. However, the fact IR has said we get an update soon, suggests they may keep their word.

I’m wondering if they have actually anything to say that warrants a capital markets day? The business review and credible plan seems to be marketplace for Debs, Boo and KM, and they will hive off PLT to Umar.

“Make an announcement soon”

Surely this doesn’t mean the interims which will be in May. We are still due capital markets day by month end and infamous ‘cunning plan’.

Having a capital markets day 5- 6 weeks before interims seems odd, particularly when they would reasonably know the headline figures for interim results.

Is there any market data on options?

The CEO strikes me as someone who takes a hands-on approach to writing the commentary for the earnings reports.

He has clearly said “accelerate our growth”. It would suggest that they have achieved a positive Christmas period. He is not sloppy when it comes to communicating with shareholders.

That statement would have been edited and redrafted several times before release. Mgmt were clearly trying to calm market fears without an RNS.

Surely if revenues were decking still in 1H FY25 it would say something on the lines of “return is to growth”?

In the recent statement on the reorganisation, the CEO said:

“By reorganising and focusing on our strengths, we're better equipped to seize opportunities and accelerate our growth.”

That last bit seems odd thing to say? Accelerate our growth. Does this imply that the decline in growth has stopped? It would seem a sloppy choice of words in a carefully crafted statement.