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https://www.reuters.com/business/retail-consumer/exclusive-chinese-retailer-shein-lacks-disclosures-made-false-statements-about-2021-08-06/
Shein makes false statements and lacks transparency- Reuters exclusive
Strong FY results from Joules today.
“ E-commerce sales increased by 48% to £122.0 million (FY20: £82.7m). ”
“ PBT4 before exceptional costs was £6.1 million (FY20: loss of £3.9m).”
You think if Boo continues what it is doing that the business model fails? Really - gosh, I’m surprised the management haven’t realised this. I can’t believe they haven’t run the numbers or modelled it. Maybe you should let them know your insights!
Our sales during the last eleven weeks have been materially ahead of our expectations and, as a result, we are increasing our profit guidance for the full year. …
We do not expect sales to continue at these exceptionally strong levels but we are more optimistic about the outlook than we were three months ago, and have raised our sales guidance for the second half from +3% to +6%.
This is a very dippy share - it’s true!
"Debenhams was built on BC1 more upmarket, older women enjoying the in-store, tactile experience of trying things on."
Debenhams served that market, but also had 300 million UK website visits per year, making it a top 10 retail website in the UK by traffic. It's not right to think about it just as a bricks and mortar proposition - it had a thriving mail order beauty club too.
Let’s hope the news also brings in some new investors from the Middle East!
it's pretty scary that you are making investment decisions based on this sort of research. May I suggest you read some broker research to give you a better framework for analysing companies?
"39% of consumers have access to Amazon Prime"
Wow - so Debenhams is better for 61% of people, is that your point?
I thought Prime would have more of a footprint tbh
Most people just buy the product they’ve always bought - or the one they’ve heard about from TV.
Did you know you can do online shopping for food - and you don’t need to try everything beforehand! Amazingly
And Pretty Little Thing has 14.9M followers, Nastygal 4.9m, etc. What’s your point?
LIBERUM RAISES BOOHOO TO 'BUY' (from 'HOLD') - TARGET 380 PENCE
It’s amazing that they have nothing better to do than post nonsense on a board of a stock - that apparently they haven’t had a position in for two months!!
Counter to what? You just posted a load a nonsense.
The accounts are normal. They are the same as every other major retailer - read Next, read Asos - where is the issue you’ve apparently uncovered?
" the forward looking P/E ratio isn’t being realised with the spend of profits" - huh? What now?
House broker Zeus Capital has released some updated forecasts - which, at the current price of 3.22 would give us a PE ratio of 27 for FY2022. 27... for a high growth global company with 65% US growths... 27....
@herekittykitty May I suggest you think about forecasted earnings rather than historic earnings. Boo is a growth company and has just purchased earnings enhancing assets - so going by historic earnings makes absolutely no sense
Next report- it’s always a good, clearly laid out view of the sector
“We expect the shift in consumer behaviour towards Online sales to continue for some time and one of our priorities during the year has been to continue the development of our Online platform.”
“ We expect the level of returns to revert to more normal levels once the pandemic is over. However, the end of social distancing rules should allow for more efficient working practices in our warehouses, which in turn would increase output.”
Interesting observations about the importance of being a platform with huge variety versus a single brand
Next reports “ In the first eight weeks of the year, Online sales have been stronger than expected and are up more than +60% on two years ago. This overachievement plus the expected transfer of sales from Retail during the additional two weeks of lockdown, are expected to add £30m of profit. As a result, we are raising our central profit guidance by £30m from £670m to £700m.”
I think Next results come out this week too. Always a good read to understand how retail is performing