Member Info for Peoplepower1

DavidLaw - if you look at the final results released on 22 April 2020 Boohoo stated they couldn't give any guidance because of Covid-19. Then the quarterly update released on 17 June 2020 showed increased sales of 45%. There was no RNS prior to the quarterly update on 17 June 2020 to say it looked like sales were doing well or would increase by 45%. There has been too much speculation on here about the possibility of a RNS update being released before the interim results date on 30 September 2020 when it's not going to happen.

DavidLaw - absolutely, I understand that. However, if you do your research from June 2020 back to 2015 you'll find how much their lower their guidance is compared to what they actually achieve.

https://docs.londonstockexchange.com/sites/default/files/documents/aim-rules-for-companies-march-2018.pdf

AIM Rules from March 2018

DavidLaw - if you have the time try to read all the Boohoo trading updates, interim and final results starting with June 2020 back to 2015.

DavidLaw- it's worthwhile reading all Boohoo's trading updates, interim and final results in date order from June 2020 backwards and you'll see for yourself how Boohoo's guidance is always low compared to what they achieve.

The 28 July 2020 update was for the slavery allegations, i.e. the independent review. You seemed to be under the impression there had been no update to the slavery allegations.

As already said Boohoo always give lower guidance than what is achieved.

Vin78 - for information

Solution for What is the percentage increase/decrease from 60 to 80:
(80-60):60*100 =

(80:60-1)*100 =

133.33333333333-100 = 33.33

Now we have: What is the percentage increase/decrease from 60 to 80 = 33.33

DavidLaw- the quarterly update on 17 June 2020 showed increased sales of 45% from 1 March 2020 to 31 May 2020. Boohoo always give lower guidance than what they achieve.

There are ESG funds who retained their shares in Boohoo and even increased their shareholdings, i.e. Jupiter. ESG Funds are supposed to work with companies they hold if problems arise. To offload their holdings is seen as unethical.

DavidLaw - an update has already been released since the quarterly update on 17 June 2020, the update was on 28 July 2020 regarding the independent review.

Bricks92 - another one to filter. You really don't know what you're talking about.

Bricks92 - it helps if you read the full statement for quarterly update in June 2020 as follows:-

For the current financial year ending 28 February 2021, the Group expects to deliver another year of strong profitable growth, and ahead of market expectations. Revenue growth is anticipated to be approximately 25% for the current financial year, with an adjusted EBITDA margin of 9.5% to 10%. This guidance reflects our expectation for an ongoing period of consumer uncertainty, likely promotional intensity in markets in which we operate, as well as continued near-term carriage inflation for some of our overseas markets. This guidance also reflects ongoing investments into our more established brands as well as anticipated investments into new and recently acquired brands through the course of the financial year.

In the current financial year we will continue to invest into our infrastructure and operations to support our future growth ambitions, with capital expenditure expected to be in the region of £60 million to £80 million. The strength of our trading and operational performance in the period further underpins our confidence in our medium term guidance for 25% sales growth per annum and a 10% adjusted EBITDA margin, which remains unchanged.

I've already filtered Steveknowsnothin because he lives up to his user name. He thinks he knows it all when sadly he doesn't.

To work out the difference in sales between 60% and 80% you don't subtract them one from the other. You have to take the 60% and work out that 30% of 60% is 18% and then add 18% to 60% which is 78% so the difference in sales between 60% and 80% is actually more than 30%.

Bricks92 - Read my comments below in full and learn. Boohoo don't ever have to release a RNS between their quarterly trading update in June and their interim results date in September even if sales have gone up more than 25% or are significant.

Bricks92 - by the way for Boohoo Revenue is Sales.

Bricks92 - the rules haven't changed for AIM. They've always been the same since the beginning of AIM. Calculate how much % increase it is from 60% to 80%, it is 30%. You're wrong and you can't admit it. That's your problem and not mine.

Bristolian - that's not the answer Bristolian, much as you might like it to be. The answer is Boohoo don't ever have to release a RNS when sales go up. That's my point. That's what my evidence proves.

Thank you Jongle.

Bricks92 - earlier you said if it was 25% then a RNS had to be released before the interim results date. 60% to 80% works out at more than 30%. This is the evidence to prove that a A RNS does not have to be released if sales go up even by 30% from the trading update in June to the interim results at end of September. All this speculation about Boohoo needing to release a RNS before the interim results date if sales go up more than 25% was simply speculation.

Bricks92 - that's my point. You're all speculating about an extra RNS being released in September 2020 prior to the Interim Results being released on 30 September 2020. There is always an update in June every year, it's a quarterly update for the prior quarter running from 1 March to 31 May.

Here's how the year works:-

Final Results are usually in April of each year.
Quarterly updates are in June and January every year.
Interim Results are in September every year.

Last year for the first and only time Boohoo released an RNS around beginning of September between the quarterly update in June 2019 and the interim Results date at end of September 2019

Bricks92 - the guidance from 17 June 2020 is not the answer. The answer is that Boohoo do not have to release a RNS when sales go up as per the evidence provided in my comments below for 2017.