Member Info for Hexam

“Looks like Revolution Beauty part 2”

Let’s just hope the sequel turns out much better than the original! Should be as it has a much better ‘director’ on the project 🙂

“Method C will make mining Bitcoin 100% faster, if the tests translate to live mining. Take that in for a minute....”

And Method B will make mining Bitcoin 160% faster, if the tests translate to live mining.

We’ve been here before. It’s all playing out as so easily predicted but still it may give me the spike big enough to get out with a profit if enough people are fooled (yet again) so have at it 😃

The liquidity will only remain IF they sell something and I suspect that was a condition of the credit being granted (that and the higher interest rate).

Actually I think Reardon answered the question very well. He is spot on regarding increased competition and so even though revenues are higher than they were pre-pandemic the effort has increased by even more especially with regards marketing and the cost generally of producing higher volumes (due to keener pricing). So those margins that had been maintained before are no longer being hit now. For example the increased effort on marketing alone has reduced margins by over 3%.

That's just EBITDA. The situation in even worse when it comes to overall profit as all the investment in DCs, automation, head office, brands etc. is hitting the profit line via amortisation/depreciation and also the interest on the money borrowed to help pay for it all. Together these things have knocked a further 5% off overall margins. Before Covid all these items totalled less than £25m, now they are over £100m and that's before any write-offs.

So in short they've expanded but the costs of that expansion haven't been fully offset by revenue growth and the increased competition has meant other costs have also outstripped revenue growth. It's no surprise they are cost-cutting now - it was overdue. As is the broader evaluation of the business.

It’s not about L2 - it’s about how auctions work. Somebody may have bid 26.55 but that’s not what it would have been settled at. The UT price is the settlement price for all successful bids in the auction.

You do know that in an auction all trades are settled at the same price? Nobody bought or sold at 26.55, they were all settled at the UT of 27.42p.

Well I for one would much rather have had the return on BOO that Eleva got over the last 18 months than the one I have had.

They’ve clearly done really well though we can quibble over percentages but so what? We are just picking sides and they were on the winning one but hopefully it’s our turn now.

Certainly don’t blame them for taking their profits now as their assessment would have been made on the performance of the business but it’s a different ball game now with asset sales and likely interest in parts of the business to bump the sp up. Far too risky for them I would have thought so banking what they have seems very sensible.

Well if you like unanswered questions then QBT is certainly the right investment for you - I can't argue with that.

Informative? A list of questions is not informative, surely it’s the answers to those questions that are (assuming those questions are valid in the first place of course).

Very odd.

To be fair Bon I don't think Jeremy is the same poster as Bfd/T4G (AKA Tradey). At least Tradey understands some things whereas Jeremy seemingly doesn't (including the new credit facility it appears).

Then that's a lie as I couldn't be since I'm not.

Which part?

It is lower than it was (£325m going to £222m) and the interest is higher (SONIA to SONIA plus 4%).

Erudite and interesting critique Jeremy! But only to be expected from you. No content, no accuracy, just bile.

And that despite it probably being my most positive post ever on BOO. I think I could make a decent profit here - maybe even double my money! Maybe I'm just not cut out for this ramping game though...

So, ready to answer the question now? Do you think I am part of a shorting gang or employed by GSA (or any other shorter) as I think that's one of the lies you keep peddling?

You asked for an example and, unlike others when I pose that question, I've given you one.

...oh and I'm also very positive on CPI - it's just some of the posters I'm not crazy about.

I also posted on CCL recently (where I've always been positive) and which does not have a short from Qube or GSA. So another thing you've got wrong.

So you won't answer my question directly just implying the same lie instead?

Btw I've just posted a very positive comment on BOO saying for the first time in ages that I am confident of getting a return there. I'll do the same here one day if the company gives me a reason to.

So just to be clear, you don't believe that I am party of a 'shorting gang' or in any way employed by GSA. Or that anybody else on here is?

I think there are so many possibilities Reardon which makes the current situation so intriguing and, potentially, rewarding to shareholders.

We know the upcoming results will be dreadful but that should already be priced in. The other thing we know is that they have refinanced but at a much lover level of credit and much higher interest rate - so cash is an issue.

We don't know exactly how they are going to resolve this and just how much pressure they are being put under by major shareholders but something's got to give. I think the one thing that is pretty much nailed on is the sale of the head office building but beyond that it is just speculation. Whatever it is though should create more value for us than watching the company continue to spiral downwards as is. Therefore from being extremely pessimistic about BOO and my holding I am for the first time in a long while confident of recovering losses here and even making a decent profit (also having averaged down further to 37p).

In short from being a condemned holder I now think I'm going to get a 'get out of jail free card' whether they sell parts of the business, go into JVs or simply get taken over etc. Even just a complete change in management would be a step in the right direction (and something they've already started obviously).

I actually thing the performance being so bad has actually helped as it is forcing their hand to act and unlock value that I didn't think they were capable of doing by just carrying on running the business as they were.

Still peddling the lies and make believe Zesty. You used to be an OK poster but now your bitterness seems to have taken over and you're just like many others on here. Disappointing.

“Why would anyone buy a stock that was literally worth nothing?”

Because they didn’t believe what the company was telling them plainly in an RNS but instead they still thought Mooky had something up his sleeve.

Those same posters are now trying to take legal action to recover their losses because they feel they weren’t given enough information. Go figure.

Diehard rampers will keep believing right to the end and sometimes beyond it. There are a few like that on here too and they are best avoided (which I do via the filter button).