Member Info for Peoplepower1

So sorry I've got a meeting. I've got to go. No doubt you'll keep attacking my posts. That's simply desperation. I understand your desperation.

Oke - exactly. Your figure is based on hope.

Wonderful, as usual, let's distract from the bamboozling of the embedded process gain. Let's bamboozle with something else.

Oke - so give us a figure. If you can't give a figure then why not?

TheWatcher2022 - yes you're right. It is 9.1%. Thank you. It is about 117m shares. Out of 1.3bn shares. I said 104m so I was out 13m. It's not a break or make case.

Oke - my thinking is to wait for a turnaround and be sure of the turnaround before buying Boohoo shares.

Look at you all. You're like snarling wolves.

Oke - how much in figures? Is it £10m, £20m, or what? You need to come up with a figure or it is just hope again.

Scb - Boohoo also stated they expect revenue to be flat to 5% decline for fy 2024. Be careful when posters on here pick out rosy statements and don't give the full picture.

You love to bamboozle people with such things like embedded process gain.

What does that mean to the ordinary person?

I am trying to help people see how emotional attachment to shares doesn't work.

I've been there, done it and got the t shirt.

I'm trying to learn from my mistakes and help others too, despite all your attacks on me, vicious posts about me and the hatred displayed on here to me.

I can't see Boohoo being able to reduce enough to make another £100m as it did with stock inventory reductions.

Again, this is emotion. Hope is an emotion too.

You're the one that stated on here it was 13% of revenue for fy2024 for marketing spend. Now, you're changing your mind.

Look at the number of posters attacking my posts. This proves you're too emotionally attached to Boohoo.

You all have your head in the sand when it comes to Shein. I did too and learnt the hard way.

If you can't consider negative views about shares then you're too emotionally attached to the share.

I've been there, done it and go the t shirt. Don't make my mistakes.

I'm trying to learn to be less emotionally attached to shares.

I was trying to show you how ramping works, when you say you never ramp. That's how it works, getting all excited about a share price.

I've already said over £100m was from reducing stock inventory and Boohoo won't be able to do that again. that's a one off.

13% of revenue for this year's marketing spend when revenue was £1,769m for fy 2023 makes it about £230m, imho. 13% is near enough £177m for the 10% plus £51m for the 3% makes it £228m. About £230m is near enough based on revenue for fy 2023. Might be a bit less if revenue is less for fy2024. If revenue is less for fy2024 that's not good for Boohoo.

Always do your own homework.

Lloydphillips12 - yes, I learnt the hard way and I don't want anyone to make my mistakes.

Oke - please try reading my post in full. 17m was for the increase of 1.3% recently.

Sharefall - don't let any emotions rule you. Fear, greed, excitement, hope. Do your homework.

It looks like Boohoo will have to spend £230m on marketing this year. £230m when Boohoo has had to take out a revolving credit facility of £325m. £230m when Boohoo is expecting to make a loss for fy2024.

Get it in perspective. It's going to take a long time and loads of money for Boohoo to increase its revenue and profit, imho.

Always do your own research.

Exactly J.Bash

So much excitement on here over a billionaire Mike Ashley buying about 17m Boohoo shares when there's nearly 1.3bn Boohoo shares.

Yes, he owns 8.1% of Boohoo shares which is about 104m Boohoo shares. And yes, he might go up to 10%. This may only happen when the Boohoo share price goes down again.

There are nearly 1.3bn Boohoo shares in issue. Boohoo has to start to be seen to grow its revenue and profit for the Boohoo share price to turn around, imho.