Member Info for Peoplepower1

And you can't depend on Book Value of £400m because again if everything had to be sold off quickly then it would probably be near worthless.

Again this is misleading to ordinary people on here.

T4g - why can't you admit all the things you've got wrong.

Yes I know all that, it's misleading to ordinary people.

And needs to be explained.

Plus net assets should never be taken as a baseline for a share price. If they had to be sold quickly they would probably be near worthless. It's wrong to say this to ordinary people on here.

Yes I know that however it doesn't give the real picture.

It's a loan, fully drawn down, an dif used fully needs to be paid back so it's misleading to ordinary people.

That's why I separated it out.

That's your problem, you've been trained in too much financial speak and believe it.

And businesses are excellent at manipulating figures.

Why do you think you have the likes of REVB, Wirecard, Carillion, and so many more fraudulent accounts.

Never trust any figures and delve deeply into all of them.

Plus net assets should never be relied on for a share price because we all know they're probably worth much less than what is reported.

T4g - you need to give it up because it gives the wrong impression to ordinary people which, for me, is more manipulation by yourself and others on here.

This is the problem with accounts.

They are used to make the business look better than what it really is.

Hence why it's so important to delve deep into the figures.

The revolving credit facility is included in the cash which it has drawn down and is £331m however if it's used then £325m has to be repaid.

£547m minus £325m is £222m

The £325m rcf if used has to be paid back at some time.

Nutmegmilk - not yet because it looks like they have further to fall.

Boohoo have net assets of £547m however they have debt of £133m and a revolving credit facility of £325m

Boohoo's revenue for end of year 2024 i.e. up to 28 February 2024 is expected to be about £1750m with a net loss of more than £17m according to Stockopedia.

Shares can always go much lower than you'd ever imagine.

T4g - it's not valued at net assets because Boohoo has debt and a £325m revolving credit facility.

Wrong again.

T4g - nothing is ever totally baked into a share price.

T4g - wrong again. Nothing to do with shorts and everything to do with the UK economy.

Try reading some news about the UK economy. This affects share prices.

Try again by reading it in full:-

https://www.boohooplc.com/sites/boohoo-corp/files/2022-05/boohoo-com-plc-annual-report-2022.pdf

T4g - yes I do, I've read the exact chronology, so if you'd try reading the annual report and all the RNS in full then you'd see this for yourself.

ASOS down nearly 10% so investors are getting out as quick as they can.

The UK economy isn't good at all and it looks like it'll continue well into 2024.

Just read the news and you'll see all this for yourself.

ASOS id down nearly 8%, so investors are well frightened and getting out quickly.