Member Info for Peoplepower1

Wow Ftse 100 down more than 200 points today, that's been hit really hard.

Boohoo had already bought 67% of PLT for £3.4m i.e. for peanuts, so the total price for 100% of PLT was £270m.

More than 10m Boohoo shares have changed hands already today, so looks like more buying of Boohoo shares going on.

PLT had revenue of £600m and not £75m. Plus PLT was bought for much less than £500m.

A revolving credit facility is a type of credit that enables you to withdraw money, use it to fund your business, repay it and then withdraw it again when you need it.

With £500m assets in buildings and warehouses and so a new £325 revolving credit facility from March 2022 is sensible.

• £261.5 million capital expenditure investment, building infrastructure for growth, including freehold
properties and significant expansion and automation of distribution network

• Strong balance sheet with net cash of £1.3 million (2021: £276.0 million; 2020: £240.6 million). Operating
cash flow of £10.3 million (2021: £201.1 million; 2020: £127.3 million). New £325 million RCF agreed in March 2022, underpinning the group’s investment programme

From the link below for Boohoo's year end results for 28 February 2022

New £325 million RCF agreed in March 2022, underpinning the group’s investment programme

From the Financial Highlights for Boohoo's year end results for 28 February 2022 - see the link below.

Capital expenditure of £261.5 million, funded using existing cash reserves, including freehold properties and the expansion and automation of the distribution network

From the link below.

https://www.boohooplc.com/sites/boohoo-corp/files/all-documents/result-centre/2022/boohoo-group-prelim-fy22.pdf

You may be right T4G. I wasn't aware of any previous £100m revolving credit facility. I may have missed it.

Jambon, king of koovs, didn't do his homework.

If he had he would have found out that Koovs had never made a profit and more importantly that each item had to be hand delivered and the cash for the item obtained from the buyer. That was a huge cost to Koovs so the chance of Koovs ever making a profit in India was zero.

I think £100m may have been drawn down because the final results for year ending 28 February 2022 showed £103m cash at hand.

Don't let fear and anxiety push you into emotional thinking and away from rational thinking.

Boohoo have nearly £500m in assets i.e. buildings/warehouses and a £300m revolving credit facility.

Koovs never made a profit, were in India where everything had to be delivered and paid for in cash by the buyer.

Bank of America chief strategist, Michael Hartnett, commented that over the past 19 bear markets, the average peak to trough decline has a duration of 289 days, putting this current bear market’s end in about October this year with the S&P at around 3,000 points.

Despite the potentially painful outlook for the next few months to half a year, one thing is generally for certain during downturns in the market - when things do eventually rebound, there will be new highs to follow.

It’s important to remember to think of your long-term goals as an investor and stay level-headed. Investments in the stock markets typically outpace inflation over time regardless of the ups and downs of the market, so if you have the time, and the ability to stay the course and find ways of taking advantage of the cheaper prices, conditions will only improve with time.

I understand you're hurt. If you retaliate, you'll only get hurt more and more.

Hurting someone else with words or deeds doesn't work because they'll retaliate and on it goes.

trading4good, now you're into scorekeeping, it's not about scorekeeping

You can choose to change your behaviour or not, that's up to you. This will continue to fill the board if you continue to behave in the same way. You can stop it by changing how you behave on the board.

If you continue to wind people up and be offensive and hurtful to them, they will retaliate. You have the power to stop this by changing how you behave on this board.