The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Kindness that's weird i was aware this was on horizon again and amongst other stuff was reading this last night.
https://www.vox.com/policy-and-politics/22684328/us-debt-ceiling-government-shutdown-biden-democrats
Hi Kallu, trust you are well for a Monday as your a bit more spiky than normal today !! Any hows, just like Jon Bennett joining Primark as Head of Sourcing, who has brought in fresh impetus as well as adding vast exposure and experience outside the bubble of Dublin i expect a new HoB at BH Brand to do the same, at mo it's only a rumour but no smoke without fire but i do think that the BH Cheshire Set need someone to come in and mix it up and keep them on their toes as many of them have only ever been at BH, the one person who will have seen JB arrive at Primark and recognised this as a smart move will be JL, don't forget he knows JB well. As for the other points, i refer you to the many posts over many months that myself i and others have covered on this.
Goldenyears ok my last word on PLT t/o. I mentioned many things in my post about the Debs/Burtons/DP's Brands and why i think they are so important to the BH Group and the GT tries to pick up on one point, one point in fact that he said was many years old, last time i looked 18 months wasn't even a couple of years and i quoted the last published figure, he does this all the time, picks up on one point, often out of context and Gas Lights it. Jesus as i said it doesn't take a rocket scientist to know that they won't have remained static for 18 months !!!! so if you also zero in on this ridiculous point when there were many other points i made then yes i'm afraid you are doing his bidding. You said you came on here because you want reasoned insight, great, I could u/s if you actually were aware of the Debs Brands and Burtons/DP's demo and how it has changed over the years and argued the point about PLT remaining totally dominant, or even lead times i mentioned or the fact that factories are turning away small QTY orders, soooo many things you could have questioned me on if you really wanted to get a look behind the coming SS22 season for the Group, however you didn;t you picked up on one point the latest published t/o figure, GT didn't even realise himself it wasn't published anymore!!! As i have said time and time again this is about the belief in the share and it heading in the right direction. Ask me questions that relate to what's going on with ranges or management etc etc as i have said so many times these teams will make a difference and it's now happening, if you want reasoned insight perhaps this might be a more suitable route, latest rumour btw is a new head of the Boo Hoo Brand, badly needed in my eyes to bring a fresh pair of eyes and input outside the current clique.
Goldenyears, you doing someone else's bidding, congrats on your 5 posts, i'm no Plumber but i suspect your the Ginger Troll, read my post, if you don't agree with it then kick it into the long grass and move on or i'd be more than happy for you to feck off.
This bodes well for or sector.
Goyal said India would aim to get access for Indian textiles, gems and jewellery, footwear and handicrafts as part of the early harvest agreement. “Both sides have drawn up a very aggressive and ambitious timeframe, and aim to conclude negotiations by December 2021 itself,” said Goyal adding that both sides aimed to sign a formal agreement in early 2022
Wyn, interesting your perception, tbh the lines are so blurred now, however Next Brand being cooler than Burtons, i guess i wud say that neither are cool, both steady away and perhaps Next a couple of notches up from M & S in terms of Fashion, believe it or not the biggest decision they sometimes debate is whether to stick with one pocket on a shirt or push boat out and go for two !! It's def a safe Brand, people trust the quality, trust they can walk in pub and their mates not take the p#ss out of them, they also trust the prices, the Next customer is very loyal. Not having a go at you but it's very common for people on here to write off the Debs Brands and then to say well i'm not sure what they are or what they represent, actually some of these Brands inc Burtons/DP's do not need re-booting too much to breath new life into them, i can tell you that BH also have really good young teams now to do it.
One quick point re the blurring, Burtons, one of the Girls in our office was doing her B/F's ironing ta while back, he is 24, smart casual (smashual) kind of guy, likes the gym, she ironed 5 Burtons Casual Shirts, he bought them from Asos when they stocked Burtons, she asked him why he liked Burtons, he said he had no clue just liked the shirts and he got them from Asos, point is he didnt have any history with Burtons due to his age and no shops for him to judge, in fact he just thought it was a Asos Brand, as i say lines are so blurred now, just saying don't dismiss it because the Directors def aren't, of course totes agree re make up!
Wyn, i totally understand why you say that, however the customer on RH, Mray and Burtons is not the same as slipper, dressing gown, sweater buying BHS Customer, if i'm wrong then of course i'll hold my hand up but if i am wrong then so will BH Management be wrong and they are going to have a absolute sh#t load of mark down in SS22!!! Getting stock in btw esp from China is becoming a massive massive issue, not sure if it's just a rumour (tons in this business!!!) but i been told this morning that they have bought two planes to fly stock in!!! smart move if true!
Goldenyears , got no issues with you or anyone else on this board, i only green screen one person as the guys a gaslighting troll and has issues.
No dodges whatsoever re PLT t/o i think even the Plumber could work out it will have increased since last published fig, FFS its' A GIVEN !!!! the fact that it was jumped on by the Troll as an angle to say i carved it into rock in the belief that i think this is what it currently is tells you all you need to know , he even said it was years old so wasn't even sure himself, i would ask you same as i said to Jjo do not do the Trolls bidding. All educated guesses as to how much the t/o is and for all shareholders, we await with baited breath, i hope it exceeds the institutions expectations. It's become clear now that this is just one aspect of BH group that they will be looking at, believe it or not some investors despite knowing that numbers were good still sold due to fleagate and as this is all about the share price increasing it's clear that revenue is now just one part of what makes up the BH Group sentiment, how big sentiment on figures is i really don't know anymore, when they have shown the increases that they have and the share price is still wallowing below £3.00 it does make you wonder what BH have to do, i think that when someone sells of back off the back a flea story then it does make you realise how jittery some investors are re BH.
Re Debs and i also include, as my original post mentioned, Burtons and DP's, i totally 10000000000% believe that they will overtake PLT at some point, buying them was CRITICAL, the fashion graveyard is littered with Brands who nailed their colours to the mast and thought they were invincible, it's fashion, the wind will change direction as sure as light follows day, of course not today or even tomorrow but it will change. In the wings are steady Brands with a loyal following, teams are now in place to maximise them, 6 months ago they barely had any stock, now it's incoming, 10's of thousands of pieces, for the core of these Brands they do not work or need test/repeat, which is now becoming unsustainable, factories overseas are turning away the 150pc / 300pc orders, there is no productivity in them and fty margins are shocking, to carry on feeding this for BH/PLT the UK FTy will be critical but at what capacity, i will be very interested to see if it can feed the BH/PLT demand, as for the other Deb Brands demo these are followers not leaders, they do not want or need such speed to market, trends do not change any where nearly as quickly, these will be much much easier to manage, they can buy in more depth, margins should be better, BH/PLT will increasingly face margins issues , to say the least it's becoming increasingly tricky. I might add that this is on the backdrop of many UK Buyers pulling or reducing exposure to Bangladesh, Primark, Tesco's etc, this is going to cause capacity issues in more compliant Countrys, as no one is interested in 200/300pcs.
Goldenyears , errrr i'm not sure your post caused Armageddon, your only 3 posts in to this so you have a huge amount of catching up to do to u/s the Board and its idiosyncrasies, be rest assured your posts did not start any row, start back this time last year and read through my posts, can't be bothered ?? don't blame you!
All you need to know is that i have posted PLT t/o as circa £500m and it's shot down in flames as being as being way out of date as being a few years old, LoL, someone didn't do their research as this is the last fig published and its up to Feb20 so no not years ago, quelle surprise, all the rest of PLT figs given are total guess work. I take it you have read my post about the DNA of Primark, Arcadia, BH Group, so all that DNA adds up to what?? Debs being bought for make up, don't think so. I have never said that the Debs Brands in short term will be bigger than PLT but in time yes 1000000000%, you will start to see the impact of what they are doing in Q4, i'm def not saying in the short term but longer term yes thats my belief and why i have stayed in, what the Troll doesn't like is a Plumber buying in because he isn't an Accountant, he's bitter that the Plumber buys in for completely different reasons to an Accountant and makes money, this is the same Troll that bigged the shares up massively then sold when fleagate hit, this is the same guy that and i quote from Jjo post "Also re PLT. It was £500m a few years back" errrr as i said circa 500m or to be 100% accurate £516.3m Feb 20 and Goldenyears sums the Troll up. I'm sure we all want the shares to go up, at least Kallu's argument has a basis, the basis of this troll's argument is not that we all want them to go up and believe in BH but for what reason the plumber bought in as he really shouldn't be because it has no clue, LoL.
Hey Jjoo no issues, it's my insight, i do work with these brands so i'm very hopeful as i see what's in the pipeline, which means of course i have an opinion but none of it means i'm right anyway who cares as long as share keeps heading in right direction!
Jjoo, may i politely suggest if someone else ( who is a troll) says i got numbers wrong then you are doing their bidding, would it not be better if you really do care about figs that you go away DYOR and if any queries then gladly i'd respond.
I'll make it easy for you, PLT t/o i said circa £500m, you said by someone else's bidding this fig was from a few years back,
Latest link below from Boohoo investors Board
https://www.boohooplc.com/brands/prettylittlething
That's all you need to know, happy to converse with you but please do not do someone's dirty work, the guy's got issues.
Jjo LoL, Lol don't go there with the Trolls bidding if you haven't gleaned the way he operates then i think you should perhaps look back, you won't have to go far see @Pmoran, Desperate (Dan) is indeed desperate , lol, for someone to act for him, looks like you have taken the bait, you won't get any response from me as i don't feed Trolls, i just get ginger, sorry i mean green, coming up so he needs a proxy, i steer well clear if i was you.
Click on my user name, all my posts will come up, YouGov link not that far makes interesting reading, ttfn.
Jjo they are investing 500 million, as i keep saying what the hell is the point of buying something and shouting out about it telling everyone how good it's going to be and then not backing it, this is BH Group now not Boo Hoo, i can categorically tell you that they are backing these Debs Brands so we will just have to agree to disagree but the girl who is 23 now will be 33 poss with a kid in 10 years and she will not be buying from PLT, the Demographic and it's spread is so critical to all of this as it makes the potential is huge.
Jjoo , indeed profit is sanity, did you read the YouGov link i sent about loyalty ??? in the Debs Demo. Debs was bought for many things and yes beauty being one for the fundamental reasons, dismiss the clothing, not sure management are tho as we have booked 10's of thousands across the Debs Brands, they will of course be looking at buying history to gauge demand, tbh they are easy to dismiss but given that you said your not sure exactly what the actual Brands are then yes deffo perhaps i am a bit closer and therefore have a decent insight. I assume your invested, so at end of day all that matters is that share rises, if it rises due to Beauty great, if it rises due to PLT great, if it rises because Debs loyal customers are buying into the myriad of Brands that they know and trust then great, remember Debs was not dead and buried sitting under ground only 3 years ago it was doing 3 billion, all inc Burtons and DP's were trading, issue were the horrendous costs that had built up, look at the History of the debt pile on both Debs and Burtons, PG 1.2 billion divvy !!! and oblivious to online investment, chuck in a bit of Covid to drill in the final nail a few years early, this is what finished them both not the offer.
Debs failed for a few reasons, its a long tale and well known in the trade. Firstly sales have always been pretty strong, 2011 saw record profit of 160 mill and t/o continued to rise in fact i think 2017/18 saw higher t/o than its record profityear, however this was off the back of store expansion which involved the old story of signing up to onerous leases, this all coincided with increased mobile connectivity and explosive increases in people shopping off their phones. 2017 sales and stores were at record levels, however so was debt, in order to maintain sales Debs started the slippery slope of discounting and promo's, margins took a hit and this drug of discounting was at the expense of profit,. margins dipped but rents and rates dramatically increased and lenders got jittery, our supplier payment terms went from 30 days to 120 in the space of 6 months, we called it a day as risk v margin was just not worth it, over the next 20 years they would have had £4.3 billion of lease obligations. Debs collapsed not because of poor ranges or loyalty but because of bad decisions by Directors which led to massive debt and this was off the back of asset stripping before re floating. At its height Debs T/O was nearly 3 billion, PLT t/o is what circa 500m. Read the YouGov report i posted on here re BH Group and the loyalty that Debs has v younger Brands. If Debs/Arcadia can't in time exceed PLT then what the hell did they buy it for, I've also posted the DNA of BH Group, Debs, Arcadia, my belief is that JL, Kamani, AR, MH, KC saw this demographic as clear as day. Just my musings take em or leave em, end of day holders just want share to rise, yes even the plumbers who stuck it all on black, doesn't matter how provided it does.
@Jjo this might be of interest to you from You Gov, this is sums up nicely that wider Demo that i think is so important for the BH Group, hopefully link works!
https://yougov.co.uk/topics/consumer/articles-reports/2021/01/27/boohoo-buys-debenhams-brand-broaden-its-customer-b