Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
wonder what his get out target is..... 30/40p ? which is massive based upon the massive number of shares in issue now, 50M to 230M, will be a huge rise to get beyond 25p plus.
DYOR
Ahead , but Christmas parties in doubt, but likely to be much much better than last year (to coin a phrase), so progress being made nicely here.
Cost control key to RBG moving towards the 30s.
(just a thought, if there aren't going to be Christmas parties, then where will all the drinking be done..... at home or in pubs and bars but not organised parties???)
DYOR
Oct 5 - AstraZeneca AZN.L said on Tuesday it had
submitted a request with U.S. health regulators to grant
emergency use authorisation for a new treatment to prevent
COVID-19.
The British drugmaker had said in August that the treatment,
an antibody therapy called AZD7442, had reduced the risk of
people developing any COVID-19 symptoms by 77% in a late-stage
trial.
the way "M Ward" is going he will hold enough to make a bid.......
bulking up the PR and seniors in the Company, interesting times for Lithium if Sav can convince that this Mine is viable then a move upwards is looking more likely.
DYOR
In an industry where bargain sales prices are prized, higher costs might be less easy to pass through if it wants to maintain its competitive edge. But the warehouse efficiency benefits reaped from higher spending this year could provide some relief, so too could its newly found heft when it comes to barter with suppliers. Its “test and repeat” model may also help in managing supply chain disruption; management doesn’t anticipate stock shortages.
The last of the 34 operational changes identified as part of its Agenda for Change review are due to be implemented in the next few months. But any reputational damage from supply chain scandals has not yet turned off consumers. Sales growth might be lower than expected this year, but a 20-25 per cent expected rise on tough lockdown comparatives is still the envy of bricks and mortar retailers.
A US class action against the fast fashion retailer over claims it used fake sales and promotions to entice shoppers remains a shadow over the shares. A settlement out of court seems likely, provisions for the case were included in the £23.4 million set aside for legal claims in last year’s accounts.
Investors could profit from being more patient with the fast-fashion giant.
ADVICE Buy
WHY Share price weakness makes an appealing opportunity to gain exposure to fast sales and profit growth
Boohoo’s business model may be predicated on slinging out clothes at speed, but earning investors’ forgiveness has been a much slower process. Further disappointments on the back of a scandal about poor treatment of workers in Leicester were always going to burn particularly sharply. Cue a sales and margin downgrade and a double-digit share price drop.
Since last July, Boohoo’s shares have significantly underperformed its fast-fashion rivals Asos and the German group Zalando and a lower forward price/earnings multiple. But marking the shares down so severely is short-sighted.
Selling its own brands means Boohoo typically earns higher margins than Asos, at 8.7 per cent versus its rival’s 5.8 per cent for the first half of the year. But not building its business on merely flogging the wares of third parties also means it has not had to sacrifice profitability to fight to provide the fastest delivery and snazziest app to draw customers in, Peel Hunt’s John Stevenson says.
Costs and acquisitions cut profits at Boohoo by two thirds
If Asos’s growth story is about expanding internationally, Boohoo will be judged by the extent to which it can integrate the brands it has acquired on to its online platform and reinvigorate sales. Its recent purchases Debenhams, Burton, Wallis and Dorothy Perkins were only relaunched this year, but the impressive sales growth delivered by its earlier acquisitions Nasty Gal and Pretty Little Thing, show that Boohoo has the nous to pull off this fusion.
The Arcadia carve-up may have given Asos the flashier Topshop brand, but Boohoo has broadened its target age demographic beyond a core of 18 to 24-year-olds by snapping up Burton, Wallis and Dorothy Perkins, and at a cut price too. Earlier acquisitions of higher price-point retailers Karen Millen and Coast started this trend. Debenhams will not only further diversify its end-markets by offering homeware, but also superior scale in the beauty business.
Spending this year is due to be £25 million higher than initially guided, at £275 million, primarily due to initial investment on its first US distribution centre and the new Debenhams online sales platform. Net cash sunk to £94 million by the end of August, down from £345 million at the same point last year. But there’s no plans to tap the market for extra cash. High cash generation means it can afford to fund the bulk of capital expenditure via day-to-day business. Analyst expectations are that it will maintain the net cash position that it’s recorded since IPO, forecasting net cash of £224 million at the end of February next year.
Adjusted margin expectations for the year have been cut to between 9 and 9.5 per cent, from previous guidance of 9.5 to 10 per cent. Damage here should have been predictable enough, Asos had already warned that higher freight costs had sapped its margin. But with travel to the US opening up, freight costs may well begin to normalise next year.
NM
10% now, thats some position, they must be convinced that SRC is going to continue their impressive run,
intriguing
looks like the volume of shares traded yesterday was circa 7M thats 6M above the usual levels...., likely to mean that II's are trading this stock one way or another, and the fact that they have gone up again today suggest to me that normal trading patterns will resume i.e. continuing north and towards the 130 level for year end, exciting transition to medium sized company is on its way with SRC.
Long term hold until building in the EU/UK begins to slow, circa 2023 for me.
DYOR
Seems that if the business is all over the shipping aspects then the damage can be averted, however, if you take your eye off the ball , then it seems like a material impact can be felt on an ongoing basis, I just hope that the majority of Boo's profitable lines are in fact locally made / resourced in which case a much less likelihood of material impact.
Big couple of days for boo, I'm bracing for a bumpy ride her as always around results time.
DYOR
2022 more like, where the update will be "there is no money left", I hope I am wrong.
This actually looks a bit odd, Mr M Ward upped their holding back in June , but the TR1 has just been released, so this actually looks like its just the paperwork catching up.
That said the Shares pushed up for some reason yesterday,
I'm holding for 30p in drinking recovery mode for the UK pubs market.
DYOR
Seems to be steadily improving position a bit like the company outlook, I'm wondering if Boo is stepping into a new era in terms of steady growth now and move away from the sudden bolts of bidirectional movement.
Seems to me that the board have a much tighter grip and along with some shipping challenges I'm hoping the US market has been a big influence in the numbers of thursday.
DYOR I'm holding
Filters, found it, :)
Can someone let me know how to block particular user ?
Its out!
High cost for Boohoo of updating its image, in the times today (subs only)
https://www.thetimes.co.uk/article/high-cost-for-boohoo-of-updating-its-image-zvrkfph5w
This is the second article that in my view was largely positive about made in Britain approach , lets hope that the new brands are going well and that on shore manufacturing is paying dividends verses shipping all the clothes in from afar.
Suspect we will be in for bumpy ride around results , but for me this set are more in doubt that previous years, but then again we haven't seen the run up in share price that we have in previous years, perhaps its all change this year and we will see these results push the share price towards expected broker levels.
I'm holding.
DYOR
https://www.telegraph.co.uk/fashion/brands/made-britain-inside-boohoos-fast-fashion-factories/
A fair view of Boo, its work in progress and working towards the end of the slave labour debacle
In my view.