Member Info for mt11

share price changes in the last week or so have nothing to do with boohoo personally.

it's all the trade tariff ******* contest. similar story elsewhere, even frasers group has seen significant drops.

broadly speaking, once this is all said and done, it will put uk fast fashion further ahead of shein and temu because those two businesses are built on de minimis shipping. the other thing is, turkey has 10% tariffs, from what i recall boohoo were near-shoring their manufacturing which again could be a helping hand.

of course, it could all go to nought.

Need to get their skates on or it'll be more expensive. To be fair, current share price is still below my average but not a crazy amount below, so I should be okay. However, I would hope that any takeover attempt is significantly over the current price so it's worth some of the hassle ASOS has been.

Current share price is below average even after today's top-up.

So it ain't amazing but looking better than it was. Sigh!

Onwards and upwards.

Was this insider trading then?

LOL

Good to hear!

Amazing that a small increase in share holding pushed it up.

Looks like I timed my top-up in Asos at the right time. Fingers crossed this holds.

The domain was registered at 2025-02-12T18:21:07Z

Kind of a strange time to register it.

They don't need to own the brands for their "fashion led marketplaces".

On some levels it seems like Dan only has one idea and that's "marketplaces". That's it.

The credit offering could help drive up basket value.

I was looking on Debenhams, not all the brands are directly on there, as an example Lyle and Scott is through a third-party distributor, I noticed this when I saw the strange pricing for Lyle and Scott. Then again, if you have Debenhams Unlimited Membership and Debenhams Pay Plus then it could make sense to just buy from one place.

It almost feels like they are positioning the "Youth Brands" for sale. Unsure what they'd get for it... let's hope a Kamani hasn't offered to take it off their hands.

"Exceptional one-off costs in FY25 will include those related to the closure of the US distribution centre, redundancy costs associated with headcount reduction and a one-off non-cash cost of c.£40m for the write down of surplus stock in the Youth Brands."

from the update and this from a news article

"Boohoo will close its US distribution centre just over a year after launching it, resulting in a write down analysts think will cost the firm a minimum of £34million."

Losses for FY25 will be in the region of £100m. Not all of these will be cash costs, so that's something (at least).

Dan Finley said they are going to focus on Debenhams Pay Plus, which happens to be a direct competitor to Frasers Plus. Mike Ashley might want to get that offer in.

Feel free to make on why ASOS is better positioned than Boo if you want. It changes nothing though.

Not delusional, everything I said is factual. I didn’t paint Boo in a flattering light in itself, I just contrasted the difference between ASOS and Boo. The only metric ASOS is doing better on is the Revenue, that’s it. Besides that both are doing poorly since post-COVID, however Boo does have an advantage in the areas I detailed.

Southcoastbather - ASOS is reported to have £520 million in outstanding stock from COVID-19, down from a peak of £1.1 billion. The company refinanced its £500 million debt due in 2026 by repurchasing some bonds and exchanging others for new ones, leaving around £70 million still outstanding. Boohoo’s gross margin is over 50%, while ASOS’ is around 40%. You seem oddly triggered whenever Boohoo gets any credit. I get that Boohoo's share price is struggling right now, but that doesn’t change the above. What I say has no bearing on it's performance, likewise for what you say. Whether you sit there all doom and gloom or cheerful won't change a single thing about the share price or their performance.

Boo's been more vocal about managing their debts, have historically been better at managing their stock, been leaner. It seems like PLT got more press coverage for their premium range compared with ASOS's new Arrange brand which launched this week. There's Fraser's. There's all the brands Boo has.

Hopefully boohoo's share price is no longer rising and falling with asos' share price

It's catching a falling knife at the moment

Headed for 24p. Yikes!

That's £1.7m or so ASOS shares.

Vanguard's FT250 has a ASOS shareholding of 0.10%

"We expect to be able to announce an update soon."

Sounds like they are waiting or discussing something with an external party. They hope to complete that before making the announcement.