A free cash flow of minus £100 million would be a gift. Forecasts have been out for a lot of these companies. Boohoo not 12 months ago was predicting sales rises of 25% and lots of profit, then nothing but profit warnings.
Yes - I saw the loss... they try to cover that up by using terms like EBITDA abd EBIT but a loss is a loss... is a loss. They are doing all the wrong things - reducing capex is forced upon them and not something a serious company would do. Capital raise and dilution coming!!!
Bumbum you must be reading the toilet rolls.... this is an horrendous result operationally they are all over the place, financially they are in a black hole. Reducing investment in automation suggests they are expecting a big decline in orders - well the reduction in stock levels already says that. They are getting to run out of cash based on this performance.
RE: Pessimism isn't going to fix anything.19 Oct 2022 08:04
They are going to run out of cash. To go from +£200 million to -£200 million cash position, that is an enormous shift in fortunes. £400 million downside movement - and we're not at the worst point. These results are horrendous!
Some dumb investors out there. Softbank has sold shares in THG because it was a bad investment. they were sold for 39p and they open at 50p.... dumb dumb people. Softbank are basically acknowleding this was a dud. Which it us.
Should be no surprise thats its down.... operating costs are going up by as much as revenue therefore profits will probably be down vs last year and year before.
RE: Results = Another Profit Warning7 Oct 2022 10:50
these are awful results - its making nothing and is paying 30 million for the priviledge to stay open selling loss making pints and meals. I'm astounded its up 0.01% let alone 10%. Investors in this share are particularly thick imo. But thats just my take. There was zero positive in that update.
I think the only safe airline is Ryanair. IAG is a complete basket case. Easyjet is struggling big time - but prior to thd pandemic, it was best in class in terms of financial management. Terrible bleak future for many.