I can't see an RNS.
All IMHO DYOR
Happy
Interesting posts and thanks to the original posters for sharing the Retail Gazette article.
I don't think it's easy to make inferences about sales data purely from web traffic. And, of course, we know Boo and Asos sales have declined significantly over the last year, therefore I would question the usefulness of the year-on-year comparison in this case. The change from the previous month might be more interesting but it would not adjust for seasonality.
That said the Debenhams figure is very encouraging. It seems the "old" brand could be the jewel in our crown. Is it inconceivable that we might partner with Frasers and opens Debenhams stores in future?
I'm not sure the Retail Gazette article was the reason for the fall yesterday afternoon. What do others think?
All IMHO DYOR
Happy
Emerald
I don't think it's illegal to divulge inside information one might know. Of course, if one works for the company, it could be breach of employee contract. Journalists leak inside info all the time with exclusive scoops. It's illegal to trade on it though.
I am not saying the poster really knows anything but the post is very specific. I certainly don't know anything.
All IMHO DYOR
Happy
Thanks MaryBr190.
Good luck. Same to all holders.
Best
Happy
"Tormenting underwater investors is never for me and it is sad to see it happening on so many boards here. as I said, only invest what you are content to do without."
I don't think I tormented anyone. I own WG. so interested to see what happens here.
All IMHO DYOR
Happy
MaryBr190
You are good and knowledgeable poster. We seem to hold many of the same investments.
I wonder, do you think it's wise to buy more? This fall doesn't look like it's PI-driven. Someone is dumping large amounts of stock regardless of price and it suggests a significant leak.
If there is no reason for the fall, they will bounce but there would still be opportunities to buy at a reasonable price with much less risk after any reassuring update. The underlying cash performance of the business has been poor for a quite a while. Therefore, it is hard to imagine very good results or a rapid SP recovery in the short term.
Just my thoughts. Fascinating situation. Hope it works out for existing investors, but it's wise not to be sucked in. The company needs to make an urgent statement.
All IMHO DYOR
Happy
I own WG. but not PFC right now.
The fall here over the last few days has been astonishing. They said following at interim results:
Cash flow and net debt
In the first half, there was a free cash outflow of US$225 million, which resulted in a net debt of US$584 million at 30 June 2023 (31 December 2022: US$349 million). This movement reflects both the operating loss and a net working capital outflow. The net working capital outflow was principally in the E&C operating segment due to delays in the settlement resolutions required to secure cash collections. Progress on these resolutions was made in the first half however, with corresponding receipts expected during the second half. Alongside cash advances on the new contract wins, we expect that this will result in a broadly neutral free cash flow for the full year. Liquidity(8) was US$253 million at 30 June 2023 (31 December 2022: US$506 million).
In the short term, the Group is reliant on a small number of relatively high value collections in respect of the conclusion of historical contracts, settlements and new awards. The expected timing and realisation of these collections reflect management’s assessment of the most likely outcome. However, the resolution of these matters is not wholly within Petrofac’s control and, consequently, there remains a level of uncertainty which is disclosed within note 2.4 to the interim condensed consolidated financial statements.
I draw your attention to the last sentence and reference to note 2.4.
Note 2.4 to the interim accounts contains a Going Concern qualification because of a material uncertainty. It is a very long note that describes a series of stress tests of solvency under certain plausible conditions. This concluding line caught my attention.
"Until such time as these near-term collections have been secured, therefore, there is a material
uncertainty that the Group can maintain covenant compliance and positive liquidity throughout the
Assessment Period."
Source: https://www.petrofac.com/media/i4khgz50/hy23-group-accounts_final.pdf
Therefore, the likeliest reason for the falls is that cash collections have not met expectations, and the there has been actual or potential covenant breach.
All IMHO DYOR
Happy
SCB
I think you are wasting your time with them.
It's quite obvious by now they don't really own any significant shares. Frankly, I doubt they own any at all. It's just negativity for negativity's sake.
All IMHO DYOR
Happy
Agree SCB and others.
Figures look highly encouraging.
Also, this is the first Christmas season in a while that we have got everything absolutely A1: product, price, merchandising and marketing, costs, gross margins, logistics, inventory, website.
Everything is fantastic and bang on trend (according to my far better informed nieces and nephews). I would be disappointed if we didn't have a strong Christmas.
All IMHO DYOR
Happy
It'll be fascinating to see whether Shein can pull off an IPO in the US in the middle of a US Presidential campaign where it is likely to become a political target, especially from the Republicans.
I think there is a good chance that the IPO will never happen. The attempt to IPO will simply focus and harden opposition and might expedite Shein's undoing. Let's wait and see, but it promises to be a fascinating 2024.
All IMHO DYOR
Happy
Hexam
I'll address you directly for the last time.
Let's put aside your obsession with dissecting and twisting every word I say. I think it's rather sad, but I honestly can't be bothered to have a mud fight in your bog of negativity.
Granted you probably hold a few shares at most. But any time someone posts something positive about Boohoo (putting me to one side), you are one of the first to find a negative slant. Every silver lining has a cloud for you.
Maybe that is your personality and it's absolutely fine. Who am I to ask you to change? It's certainly not mine. But I will post as I wish and you are free to ignore me.
After an excellent several years, I have a very large and diverse portfolio, most of which I don't follow day to day. Many pay dividends, don't move much and are a bit boring (sound familiar?). However, with Boohoo i see vast potential and opportunity. Of course, this is not a BP or a BATS. There is much greater risk here. But I invested for a 10-bagger. If I wanted a doubler, there are plenty of less volatile shares that offer the same potential.
Anyway, as I said my last post to you. I'm sure true to form, you'll get the last word in ("you said this, you said that blah blah..."). But I genuinely wish you and others the best of luck in your investing.
All IMHO DYOR
Happy
Https://uk.trustpilot.com/review/www.boohoo.com?sort=recency
Sort reviews in order of most recent and it's wonderful to see that through our troubles, we have not only maintained but improved our excellent customer service while maintaining a gross margin of over 50%.
I hope this is one aspect of our business on which we never compromise or take short cuts.
All IMHO DYOR
Happy
There are several fake "shareholders" on this BB who call me out for my ebullience while themselves being relentlessly negative and pessimistic about our prospects. They try to counter any iota of positivity with mealy-mouthed and snide remarks, pretending they are "balanced" but being nothing of the sort.
All IMHO DYOR
Happy
DTN
You are a very thoughtful poster. You have 10,933 posts to your name. I am sure each one is as intelligent as the last. Unlike you, I can't be bothered to troll through your past posts. Life's too short and I don't have insomnia.
All IMHO DYOR
Happy
IParsnip
Easy, soldier!
We're having a bit of fun. No need to have a pacemaker malfunction because of it.
Wish you all best and others here. We all need to take a chill pill :-)
All IMHO DYOR
Happy
"Industry will be able to sell at a premium any item "produced with 100% green energy" (not like the bodge in the UK where my '100% green' energy deal was cheaper than other alternatives)."
Why would this be so? There's no such thing as a "green electron". It's consulting gobbledegook. People will pay for the cheapest energy. No-one's gonna care if it's "green". It's a fad.
All IMHO DYOR
Happy
As Shell found in the UK, fronting an energy retailer amid a cost of living crisis exposes you to all of kinds of reputational and political risk for no profit. I know Japan is a different culture but I can't imagine energy retail is very profitable.
All IMHO DYOR
Happy
Ask Hotel Chocolat shareholders and their 170% premium!
This is one the cheapest stocks in a generally undervalued London Stock Exchange.
Any whiff of good news on Christmas trading and these bad boys will take off.
I always sign off with IMHO and you're.welcome to yours. I know you have flipped-flopped like a wet, demented slipper in the past!
Opinions are what makes a market!
All IMHO DYOR
Happy
DTN
If you're talking about me, I am still very much here and as confident as ever. I plan to hold for 3-5 years and sell at 300 so the day to day movements while exciting don't bother me at all. I do day trade but never my core holding. I believe this will recover and very strongly.
As for 100 by new year, it's still entirely feasible and hinges on Christmas trading, which I think will confound the sceptics and beat guidance. Everything is in place for strong Christmas trading. Product, merchandising, price, gross margins, inventory, balance sheet.
This will come good and there will be fireworks when it does.
All IMHO DYOR
Happy
Https://www.reuters.com/business/energy/bp-enters-japans-power-retail-market-2023-11-27/
These investments make absolutely no sense to me. They're incoherent and lack focus.
We need a strong CEO to develop and present a focused, clear and coherent strategy.
All IMHO DYOR
Happy