Member Info for FED1

I’m not selling my shares.

I make a good salary that I will diversify elsewhere.

The Ask volume is thinning.

The panic this morning among certain posters at 5% pop was telling.

I suspect this is going to flush out a few shorts.

They made money.

By fundamentals, I mean valuation. We know Boo is struggling. But it has a value and it is potentially above its current EV.

Boo has two levers it can control: 1) Sell PLT and go to net cash; and 2) right-size and close Burnley. Both these factors would hopefully make it cash flow positive. What it cannot control is revenue decline. However, to say Debenhams has no value, or Boohoo or PLT is not reasonable. Debs is fast growing with huge nostalgia and a predatory shareholder. Boo or PLT would be attractive to a disruptive Chinese e-tailer or private equity house.

I spoke to a PE house today and its investment managers are having a horrific time. UK unquoted and small-cap is a mess. It has been for a long time.

The professional shorts have closed their positions as better opportunities elsewhere. This is now gapping up on small volumes. Maybe fundamentals are coming into play?

i can imagine rayner now on a billboard in a plt pink velour tracksuit with crystal embossed lettering saying "bad *****" on her butt whilst smoking a vape....i forgot, plt rebranded as classy.

maybe a rayner ambassador is what the brand needs? those bad *****es arent buying!

I just Googled Spidey -Senses and it means spiderman's ability to sense something ominous was about to happen (I didnt mean that!!!).

My spidey* senses are telling me something is afoot given recent share price action - and it may well be positive!

*not a reference to our resident Spidey!

Not going bust.

Let’s stop equating Shareholder Equity to Market Cap.

Balance sheet is arguably the weakest of the three in this scenario. BS only relevant in dire situations.

Adder,

I would argue the cash flow statement is best. When working industry and had 10mins prep before a sell side analyst meeting, the first Bloomberg ticker destination was cash flow. It shows whether interest payments are sustainable.

I actually think Boo’s balance sheet and cash flow can be sorted with plan:

Balance Sheet: sell PLT

Cash Flow: close Burnley

P&L: sort out Youth Brands revenue deline.

The issue is more the p&L outlook.

Given ASOS fell today, this suggests the move behind Boo is specific to this company. It may be a new institutional buyer. Hopefully some good news has leaked!

It seems someone with deep pockets is taking on the shorts.

I be honest.

I’ve had 5 margaritas. It’s been a slow but relaxing Sunday.

I also deleted my social media a month ago as a digital detox. Also dislike Zuckerberg. Hence I’m invested in this odd chat room discussion as my only other apps are Wordle and Pinterest.

You sound like an insider Bfd. Makes sense. Don’t actually care.

SCB also sounds like you know Bfd and Kamani. I don’t actually know.

Just peeved and losing money guys!

The Telegraph has been telling the world this isn’t right for a long time. Yet Camelot and Schroders keep rubber stamping this?

I forgot, Kimberly Lewis, asked sophisticated questions.

Kimberly, I hope you kept minutes from your meetings with mgmt? We may be asking about your sophisticated questions.

It looks that way SCB. They replaced a seasoned CFO with the intern.

Boardroom politics at play.

Now they got rid of another seasoned heavyweight retailer on Board, to replace with a bloody lawyer.

You couldn’t make it up.

My portfolio is struggling with retaining all this talent.

We are told that the BoD gave Dan a big pay packet to retain talent (emm okay).

I hope they realise that CFO does not have confidence of market and we prefer they didn’t retain his talent.

I wouldn’t be surprised if Phil Ellis is fired after that abysmal performance.

Ultimately, a company has a fundamental value. I believe Boo is undervalued. However, market needs to take a view in determining that. I am obviously out of sync with market as I believe this company is worth more than current share price. However, I would appreciate if BoD made choices (such as not to purposefully ignore smaller shareholders) to put that case forward.

The only positive is that Camelot and Schroders has endorsed this mgmt and Dan’s high pay only a short while ago. They probably know more than us. Ashley probably hears through his contacts.