Member Info for Peoplepower1

Oke - where do you see Boohoo's revenue being flat or 5% decline for fy 2024. Which regions do you think will be hit with a decline if Boohoo's guidance of 5% decline in revenue for fy2024 is the reality.

You have to think this through.

Oke - I'm using my brain to see the links unlike yourself.

Oke - the same with shorts, you have to be able to read into why there are still shorts in Boohoo. They read every RNS in full and are able to read between the lines.

The same with broker analysts.

You have to stop believing rosy statements or thinking you know better than anybody else.

Oke - I said that because Boohoo are stating their revenue guidance to be flat to 5% decline for fy2024. It doesn't take a rocket scientist to realise that there is a link here to their revenue by geographical regions continuing to decline or at the very best staying the same.

You have to try to read between the words and not be gullible to what's being said.

Danl90 came across as a know it all, however, he was the first on here to see Boohoo's revenue by geographical region growth was decreasing and so Boohoo's growth was decreasing from 2019 onwards. If this growth was decreasing from 2019 onwards, then, this was a warning sign for all holders who should have been looking at these figures in the RNS from thereon.

Here is the link again:

https://www.lse.co.uk/rns/BOO/final-results-for-the-year-ended-28-february-2023-5thtgzzachmrjzq.html

Click on this link, go down the page and look for Outlook and Guidance.

The most important thing to do before buying any shares is always to read the previous 6 or more RNSs in full for the company.

Also, just as important is to read in full every RNS released for the shares you hold.

Always discount rosy statements in RNS' and look for the real figures.

Like scb are accused of being t4g and west6809 - that's how pathetic such statements are on here.

Even Boohoo have stated their revenue for fy2024 will be flat to 5% decline.

I have posted the link below which is the final results for fy 2023, click on it and look for Outlook and Guidance.

I can't believe you haven't read this already.

Oke - you have toignore the rosy statements in an RNS and look at what's really being said which is - For the year ending 28 February 2024 ("FY24"), revenues are expected to be between flat and a decline of 5%

Oke - it's what is in the RNS that counts and not what's said in a conference call. Boohoo are held to what is put into an RNS and not what's said in a conference call. If they say soemthing fraudulent in an RNS then they can be investigated and put through criminal charges. Think of REVB it's what they put in their RNS and not what they said at an AGM or a conference call.

Https://www.lse.co.uk/rns/BOO/final-results-for-the-year-ended-28-february-2023-5thtgzzachmrjzq.html

Oke - from the final results:-

Outlook and Guidance

The Group's focus for the year ahead is on rebuilding profitability and getting back to growth. For the year ending 28 February 2024 ("FY24"), revenues are expected to be between flat and a decline of 5% vs. the prior year, with increased emphasis on driving profitable sales. In the first half, revenues are expected to decline by 10% to 15% as a result of this action being taken. In the second half of the year, the Group expects to return to revenue growth as it benefits from the investments being made across price, product and proposition under the Back to growth strategy.

Oke - you must always read all RNS in full.

It's obvious the shorts are aware of these decreasing figures, hence, why we still have shorts in Boohoo.

It's obvious Boohoo are aware of these decreasing figures because they try to make them look better in their RNS'.

It's also obvious Boohoo are aware of these figures because of their guidance for fy 2024.

It's obvious broker analysts are aware of these figures and two have down graded Boohoo in the past week.

What makes people think they know better than any of the above?

Pure conviction that you're right when you're wrong. This is how you lose money on shares.

For a growth share, you need Boohoo's revenue by geographical market figures to have been growing, and not decreasing since 2019 into negative territory now.

Even Boohoo have stated their revenue for fy2024 will be flat to 5% decline. Boohoo are confirming their revenue by geographical region figures will continue to decrease for fy 2024.

Everyone needs to focus their mind on these figures because they may well get decrease more for fy 2025.

For a growth share, you need Boohoo's revenue by geographical market figures to have been growing, and not decreasing since 2019 into negative territory now.

Sounds like you've got the wrong Dan. It looks like you are mixing up danl90 with DanSteely on the THG chat board.

Boohoo’s worldwide customer sales revenue growth figures have been decreasing rapidly since 2019 and are now in negative figures.

Here are the worldwide customer sales revenue growth figures for fy 2023. They are all in negative territory now and their growth has been decreasing rapidly since 2019.

9% down in UK in fy2023 compared to fy2022

24% down at CER in US in fy2023 compared to fy2022.

8% down in Rest of Europe at CER for fy2023 compared to fy2022

8% down in Rest of World at CER for fy2023 compared to fy2022

13% down in what looks like the UAE at CER for fy2023 compared to fy2022.

Boohoo may have increased its active customers from 12.9m for fy 2019 to 18m for fy 2023, however, their worldwide customer sales revenue growth has been decreasing rapidly since 2019.

T4g - this last link was for the 6 months period to 30 September 2021 compared to same period in 2020 and then look at the figures compared to the same period for 2019 and how customer number growth has gone down exponentially.

This information, as danl90 an accountant and a holder of Boohoo shares, knew was much more strategically important than any other numbers relating to Boohoo.

Https://www.lse.co.uk/rns/BOO/interim-results-4ye2vjgyr9t0fvc.html

danl90 saw the downturn happening from September 2021 when Boohoo customers were going down in Rest of World and Rest of Europe. He had the strategic view that this downturn would hit the USA and UK too. He was right. You were wrong. Ragtrade was wrong.

Https://www.lse.co.uk/rns/BOO/trading-update-q1m5qn9jozg3ufw.html

t4g - look at the three months to 30 November 2021 - customers are down in US, Rest of Europe and UK. danl90 could see the pattern, he had the ability to look at this strategically and see it as a warning sign. He knew this downturn in customers would eventually hit the UK too. He was right.

You were wrong. Ragtrade was wrong.