Member Info for Peoplepower1

It looks like you haven't read through the last interim results.

Net debt is at £777.6m at 28 February 2023 on the interim results. You have to go through all the tables to find it. Look for the table for borrowings.

Stockopedia's net debt for Asos at £652m is for the recent net debt.

Net debt is all the debts payable by Asos less any cash, assets, etc.

This net debt figure is used by potential buyers for companies.

For example, Hotel Chocolat had no debt and had net cash of £11.1m when Mars bought Hotel Chocolat.

Ashley wants Boohoo and Asos to use the Frasers Plus payment system instead of Klarna hence why he has bought stakes in Asos and Boohoo. As well as stakes in Currys, AO World, etc., he wants all of them to use the Frasers Plus payment system instead of Klarna.

There's loads more money to be made by Ashley in getting companies to use the Frasers Plus Payment System instead of Klarna.

Ashley will start with these companies and then hope to expand from there with the Frasers Plus Payment System.

Klarna is worth 30bn and Ashley wants a slice of this.

I think THG are already using the Frasers Plus Payment System.

Hotel Chocolat had no net debt and had net cash of about £11.1m when Mars bought Hotel Chocolat.

Huge difference to THG, Asos, Boohoo and their net debt.

Net debt is significant in buyouts because a buyer will calculate enterprise value using the target company's debt net of its cash balances.

I can't see anyone wanting to buy THG with £577m net debt according to Stockopedia figures.

Same for Boohoo and Asos, Boohoo have net debt of £271m and Asos have net debt of £652m according to Stockopedia figures.

Net debt is significant in buyouts because a buyer will calculate enterprise value using the target company's debt net of its cash balances.

I can't see anyone wanting to buy Asos with £652m net debt.

Same for Boohoo, Boohoo have net debt of £271m according to Stockopedia figures.

Asos have net debt of £652m according to Stockopedia Figures.

Boohoo is the latest in a series of UK retailers including Asos Plc and Superdry Plc to have approached banks to help renegotiate debt.

Too much competition for Asos and Boohoo to grow.

Going for growth costs a load of money.

Same will happen with REVB.

Boohoo is the latest in a series of UK retailers including Asos Plc and Superdry Plc to have approached banks to help renegotiate debt.

Too much competition for Asos and Boohoo to grow.

Going for growth costs a load of money.

Yes, probably, trying to help people to look at negative points and not only positive points.

This applies to all investing .

Yes please, that's me, peepee, trying to get people to consider the negative points with my misguided wisdom and warning to others.

William Barker is the founder and CEO of Camelot. Camelot have a load of shares in ASOS so obviously Camelot weren't happy at all with ASos and got William Barker on the board as a non-executive director.

William Barker is probably a billionaire so a few million pounds will be like peanuts to him.

The only people who will really know what's going on at Asos are the CEO and the CFO.

I don't have a short on REVB. I am not interested in buying REVB.

Sadly yes, I think he's a non-executive so he won't be party to what is really going on at Asos.

Adjusted profit before tax was £4,25m, always look at the adjusted figures table. Profit was made from reducing inventory.

REVB's revenue went down from around £67m to £61m for UK and around £51m to £44m in US. This is not a growing business.

There will always be some buyers thinking REVB is a "bargain" at this price when it clearly is not.

Look at all the figures in the final year results for 2023 from beginning to the end table if you don't want to read everything.

These tables will show you how revenue is reducing in REVB's regions.

Gross Revenue was up 2% for fy 2023. Yes, 2%, that's not growing.

REVB have already stated revenue will be down for fy2024.

I am not looking for a buy in price because I wouldn't buy REVB.

Huge risk, your choice.

As I said, growth costs a load of money for Boohoo too.

ASOS SP is at this price because nobody or very few investors want ASOS shares.

The only people buying are those who think it's a "bargain" at this price when it isn't.

ASOS isn't growing, revenue is going down, it has too much debt, It's making no or little profits. It's going for growth which costs a load of money.

Hence why nobody wants these shares, only those who think it is a "bargain" and will recover.

Look for shares which have growing revenues in all their regions, little to no debt, already control their costs effectively, are making profits on their revenue and even better pay dividends.

"Bargain" shares are "bargains" for a reason, nobody wants them except those who hope they'll recover.

REVB SP is at this price because nobody or very few investors want REVB shares.

The only people buying are those who think it's a "bargain" at this price when it isn't.

REVB isn't growing, revenue is going down, it has a revolving credit facility of £32m fully drawn down with strict covenants attached to it, It's making no or little profits. It still has to pay £19m for Medichem albeit over a longer period. Its products are more expensive than Warpaint, W7L. Its costs are more expensive than W7L, Warpaint. It's going for growth which costs a load of money.

Hence why nobody wants these shares, only those who think it is a "bargain" and will recover.

Look for shares which have growing revenues in all their regions, little to no debt, already control their costs effectively, are making profits on their revenue and even better pay dividends.

"Bargain" shares are "bargains" for a reason, nobody wants them except those who hope they'll recover.