Member Info for Peoplepower1

Frasers Group’s expansion into Buy Now Pay Later is not too surprising given the rapid upsurge of the process as a popular payments method across various markets.

According to finder.com, 50% of UK adults, equating to 26.4 million people, used BNPL to pay for goods and services in 2023, with many using the method for the first time.

26.4m adults in the UK use buy now pay later.

And it's growing more and more.

A growth market hence why Frasers want a slice of it.

Frasers Group’s expansion into Buy Now Pay Later is not too surprising given the rapid upsurge of the process as a popular payments method across various markets.

According to finder.com, 50% of UK adults, equating to 26.4 million people, used BNPL to pay for goods and services in 2023, with many using the method for the first time.

26.4m adults in the UK use buy now pay later.

And it's growing more and more.

A growth market hence why Frasers want a slice of it.

Frasers Group’s expansion into Buy Now Pay Later is not too surprising given the rapid upsurge of the process as a popular payments method across various markets.

According to finder.com, 50% of UK adults, equating to 26.4 million people, used BNPL to pay for goods and services in 2023, with many using the method for the first time.

26.4m adults in the UK use buy now pay later.

And it's growing more and more.

A growth market hence why Frasers want a slice of it.

Next made nearly £200m profit from their buy now, pay later payment system for Next products.

Klarna is worth more than 30bn hence why Mike Ashley wants a slice of the buy now pay later systems.

It helps to read about your shares outside of this bulletin board.

Michael Murray, CEO Frasers Group, said: “Today we are pleased to announce a new strategic partnership with THG, which includes launching our consumer credit and loyalty proposition, Frasers Plus across the THG Ingenuity platform.

“This is an exciting step towards our Frasers Plus ambitions as we look to expand its offering across additional third-party platforms. We are looking forward to working with the THG team and unlocking further benefits for both businesses.”

Https://paymentexpert.com/2024/06/24/frasers-group-buy-now-pay-later-bnpl/

Https://www.retailgazette.co.uk/blog/2024/06/frasers-pitches-credit-offer/

Sadly, this is what greed does to people, I've been there too. Buying shares thinking they were bargains and then they keep going down and down.

REVB is not a bargain share.

This is a share with too much net debt, revenue is going down, and losing customers.

Too much competition for REVB with lower prices than REVB.

Bidders aren't interested in buying REVB. Boohoo has huge net debt, revenue decreasing, losing customers. By the looks of it Debenhams Marketplace isn't making much money because they are having to open a Boohoo Brands Marketplace. Plus the US Distribution Centre is costing loads of money, failing at getting any customers. REVB are losing out in US too.

Mike Ashley is only interested in getting Asos, Boohoo, Currys, AO World, etc., to use the Frasers Plus Payment System. Hence why the buying of shares in these companies to influence them or do some sort of deal to get them to use Frasers Plus Payment System.

Frasers has done this with THG, bought Coggles, loss making for THG and THG are including Frasers Plus Payment System.

Frasers needs to get these companies to use Frasers Plus Payment System so this system can then be expanded into other companies.

I am not short on REVB nor anything. I am not interested in buying REVB.

Mike Ashley is only interested in getting Asos, Boohoo, Currys, AO World, etc., to use the Frasers Plus Payment System. Hence why the buying of shares in these companies to influence them or do some sort of deal to get them to use Frasers Plus Payment System.

Frasers has done this with THG, bought Coggles, loss making for THG and THG are including Frasers Plus Payment System.

Frasers needs to get these companies to use Frasers Plus Payment System so this system can then be expanded into other companies.

Sadly, this is what greed does to people, I've been there too. Buying shares thinking they were bargains and then they keep going down and down.

ASOS is not a bargain share.

This is a share with too much net debt, revenue is going down, and losing customers to Next, M and S and many others.

Too much competition for Asos.

Bidders aren't interested in buying Asos.

Mike Ashley is only interested in getting Asos, Boohoo, Currys, AO World, etc., to use the Frasers Plus Payment System. Hence why the buying of shares in these companies to influence them or do some sort of deal to get them to use Frasers Plus Payment System.

Frasers has done this with THG, bought Coggles, loss making for THG and THG are including Frasers Plus Payment System.

Frasers needs to get these companies to use Frasers Plus Payment System so this system can then be expanded into other companies.

Sadly, this is what greed does to people, I've been there too. Buying shares thinking they were bargains and then they keep going down and down.

THG is not a bargain share.

This is a share with too much net debt, revenue is going down, Ingenuity is only really making revenue internally from itself which beggars belief and consideration of manipulating figures to make Ingenuity look better than it is.

Bidders are no longer interested in buying THG.

There are always buyers who think this is a bargain share when it clearly isn't.

It's been bid for in the past because of Ingenuity. The bidders thinking Ingenuity would make loads of money.

Most of the revenue for Ingenuity comes internally from THG itself.

Bidders are now wise to this, so don't expect another bid for THG.

Loads of competition for THG on beauty and nutrition products so again don't expect a bid for these.

Internal Revenue for THG Ingenuity was about £519m for fy 2023

External Revenue for THG Ingenuity was about £154m for fy 2023

Huge difference.

Revenue was down for Beauty, Nutrition and Ingenuity for fy 2023.

Any company restructuring or cutting costs is having difficulties financially despite how they might spin this.

Any company restructuring or cutting costs is having difficulties financially despite how they might spin this.

It looks to me like the Debenhams marketplace isn't making much money for Boohoo, now they have to open a Boohoo Brands marketplace.

Trying to grow a company when there's so much competition costs loads of money.

Please be careful with ASOS, Boohoo, REVB and THG shares.

Next made £163m profit for the past year from their own buy now pay later payment scheme used by Next for its own products.

This is where the money is to be made for Frasers in the future and Frasers know this.

Hence all the buying of shares in Asos, Boohoo, AO World, Currys, etc. so they can influence these companies into using the free Frasers Plus Payment System and then expand it into other companies.

Shrewd move by Frasers to get this into THG and THG Ingenuity.

It looks to me like the Debenhams marketplace isn't making much money for Boohoo, now, they have to open a Boohoo Brands marketplace.

Trying to grow a company when there's so much competition costs loads of money.

Please be careful with ASOS, Boohoo, REVB and THG shares.

Any company restructuring or cutting costs is having difficulties financially despite how they might spin this.

Next made £163m profit for the past year from their own buy now pay later payment scheme.

This is where the money is to be made for Frasers in the future and Frasers know this.

Hence all the buying of shares in Asos, Boohoo, AO World, Currys, etc. so they can influence these companies into using the free Frasers Plus Payment System and then expand it into other companies.

Shrewd move by Frasers.

It looks to me like the Debenhams marketplace isn't making much money for Boohoo, now they have to open a Boohoo Brands marketplace.

Trying to grow a company when there's so much competition costs loads of money.

Please be careful with ASOS, Boohoo, REVB and THG shares.

Interim results for the 26 weeks to 3 March 2024

H1 revenue down 18% to £1,498m

Adj (?) gross margin is also down, and very low at only 40.3%

EBITDA is a nonsense number, due to omitting large capitalised IT spend, hefty finance charges, and depreciation on its expensive warehouses.

Adj loss before tax is £(120)m vs LY H1 comparative of £(87)m.

Statutory loss before tax is even worse at £(270)m.

Note that this period includes the busiest season, autumn & Christmas, so it should be profitable, but is nowhere near profitable.

Its commentary follows the usual pattern of glossing over dismal results with talking up positives & turnaround potential.

Please be careful with shares like Asos, Boohoo, REVB and THG.

They're good at talking themselves up even where their results are bad.

Obviously no-one knows know what the future holds for thg, and on big revenues of around £2bn per annum, it doesn’t take much of an improvement to transform profit and cashflow for the better.

That must be what the bulls here are hoping for. There’s no evidence at all so far that this is actually happening.

Management are a great worry too, I wouldn’t have any confidence backing the current team, who I think got wildly carried away with tech mania, and would be better suited working in the USA.

THG are expected to make losses for fy 2024 and fy 2025, so please be careful.

For example, Next made £163m profit for the past year from their own buy now pay later payment scheme.

This is where the money is to be made for Frasers in the future and Frasers know this.

Hence all the buying of shares in Asos, Boohoo, AO World, Currys, etc. so they can influence these companies into using the free Frasers Plus Payment System and then expand it into other companies.

Shrewd move by Frasers.

No doubt sometime in the future they'll look to get REVB to use this system too.