Member Info for Hexam

“1️⃣ “Boohoo is rebranded as Debenhams PLC” – Complete lie. Boohoo owns Debenhams as a brand. The listed entity is still Boohoo Group PLC (BOO.L).”

Well, the list doesn’t get off to a great start. They HAVE rebranded as Debenhams. What they weren’t able to do (though they wanted to) was change the actual company name so the holding PLC is still Boohoo but they now refer to themselves in every other respect as Debenhams.

Couldn’t be bothered to read the rest after that.

Sorry, by last year I meant the year ending Feb 25 not 2024. The update gives the revenue at £204m for Debs alone and so consistent with the £654m GMV in the same update.

“20% EBITDA ? Is that possible ?”

Probably Oke, but they are not aiming for 20% of GMV but 20% of revenue - which for Debs was just over £200m last year - not £654m.

Oke - Following the sale of the London office the total value of all their remaining buildings is down to around £60m. That is book value and they could get more (though the London office sold for less than book value).

Oke, that may well be the case but I think it more likely there is a disagreement over exactly what the going concern statement says rather than signing it off full stop. In other words the auditors will sign-off the accounts so long as they are accurate and so long as they feel the forward looking statements are in their view realistic - but maybe the BOD are angling for something less so.

This is just speculation but in my view they wouldn't be cutting it so fine hanging on for (potential) good news or just for the sake of it. It is either just deferring bad news as long as possible or there is something worse (likely involving the auditors) that IS actually threatening them hitting the deadline.

In any event it is certain now that if there is going to be a notice of results before they arrive that it is going to be a short notice.

Personally I still do expect them to meet the deadline but that there is a real possibility now that they won't.

Not completely blameless but the point is it is not up to her what the strategy of the company is and how much will be communicated to shareholders. That's firmly on Dan (or Kamani if Dan is just a puppet). She may be the mouthpiece but I think she's being put in quite an invidious position at the moment.

"Could she just be repeating what Dan and the Board have told her to say?"

To be fair that's pretty much what you'd expect. It's not Emma's fault so bit unfair to shoot the messenger.

The share price has hit 0.8p, that’s positive, as is being funded until at least Q1 next year (in my view).

I have a few thousand pounds invested (for the next pump). Please can you up the ramping so that it happens soon - preferably before Q1!

Don’t lie Jambone. You unfiltered me ages ago - that’s if you ever filtered me in the first place.

What’s next once the ‘after summer’ revenue doesn’t appear and the Block news comes to nothing? How many ‘this is really it’ moments have to pass by before the reality finally sinks in?

Desperate? The Block news has no relevance for QBT. It just gives Jambone the next thing to chunter on about until Christmas whilst the ‘after summer’ revenue is the latest thing to be quietly forgotten about once it fails to materialise.

"Obviously Hexam, no point stating the bleeding obvious."

So you just left it at something which wasn't at all true.

"That would swing them from a £38m profit to a loss of greater than £160m"

Only if they kept the rest of their cost base the same, and their pricing - which of course they wouldn't.

"Hexam you know as well as I do that large shareholders get preferential treatment, as do Ii's"

No, I don't, if that preferential treatment extends to the sort of thing Reardon was suggesting. Giving shareholders (or third parties) that are not classed as insiders market sensitive information (going through KPIs is not so long as those KPIs are public or give no material advantage to those hearing them) is a clear breach of duty to other shareholders. If you think it's OK for Ashley to be given a trading update the rest of us haven't seen is OK then that's up to you but it's not professional, or even legal.

That would mean he’s getting more, and very significant, information than other shareholders (i.e. us) - a clear rule breach.

“Perhaps Ashley knows that results are better than anticipated this year with higher margins”

How would he know that? He’s not an insider - unless you’re suggesting more wrongdoings at BOO?

Ah…so you did know exactly what I meant. So obtuse it was then.

And I see you’ve got a new catchphrase. Look forward to seeing it repeated ad nauseam over the coming weeks.

“You seemed to imply there was something untoward in the number of posts I had made today when others had made far more.”

No. I explained exactly what I meant and it wasn’t anything to do with how much you were posting compared to everybody else.

I think you are being deliberately obtuse rather than just plain stupid.

Thanks for the compliment though. I haven’t been called amazing in a long time. (See - I can be obtuse too 🙂)

"It seems to be taking you a long time to count southcoast's posts."

Why on earth would I do that? I made no reference to SCB or his posts. He could have posted once or five hundred times today and it would make no difference to the contradiction in you saying you didn't have time to write to IR but do have time to post so much on here.

And are you suggesting being 'short on' BOO is somehow different to 'shorting' BOO?

So by your definition it means that 'they are posting that the sp will go down'. Even on your made up definition that is certainly not true of me and I believe none of the others that I mentioned. Once again you try to squirm out of a blatant piece of nonsense by claiming the English language is different to how everybody else understands it.

Pitiful.

Not really sure what the difference is between those two statements (your typos aside) but hey ho.

Still, however you want to define it still interested in the list of 28+ names you think are doing whatever it is you mean by shorting BOO, short on BOO, shouting BOO or whatever it is you are getting at.

Somehow found time to post 25 times on here today - clear where his priorities lie.