Member Info for ragtrade

Really hope so, have to say one i posted isnt convincing other two ive seen have to say dont look good, reviews also looking bad.

Sorry, i meant storm in a flea cup, ffs!

https://www.reviews.co.uk/company-reviews/store/prettylittlething

Im hoping its old news and it blows.over, this is one f***king thing Glam Girl will care about.

Daughter now sent me 3 separate ticktoks being aired tonight about fleas inside packaging of BH/ PLT
Hope this isnt a long snake !!!!

https://vm.tiktok.com/ZMeRpBf3c/

Splice , sorry at mo i dont really want to give specific detail , its along lines ive mentioned already and as ive said in past all rev streams are good so just becausecJL doesnt mention it doesnt mean all offers would not be considered, esp as they have many brands to play with so not think in a Worlwide company that other offers wouldnt be considered or crop up is not realistic . They now have the beauty of a large bandwidth of Brands , so expect a large bandwidth of revenue streams , all Brands have to earn their crust , this i hope bodes well

Splice the offices that Debs were in happened to be big and s****y, 10 Brock St Regents place again just off Euston Road near were BH London Brands office is. Would love to seem them down bit further down the road at St Pancras Development , Coal Drops Yard, right where You Tube are, great area some awesome restaurants shops and street food and if they get right office brilliant front facade would give advertising for everyone who passes through St P and Kings X.

@Splice yep lots more info coming through this afternoon, some might be a bit surprised as to the revenue streams!! They do need to move can't stay in Colegrave forever and The London Brands Euston office not big enough so they will either put all under one roof or separate, personally i prefer separate, i wonder what will happen with BH and PLT, a move to London to attract bigger team, garment techs, buyers, designers etc etc ?? perhaps not but we will see. As you say any landlord will surely bite their arm off!!

Not so sure Splice, for weeks i've been looking at two pics on Google Images, both same person, one being used on twitter other one was and old twitter pic minus the cap and thinking should i post link then thought nah , kept dropping hints and when the anti started up again thought sod it so eventually mentioned about the Twitter account same user, suddenly the bad bald pic disappears added with fact of a obscure user name then its all too much of a coincidence.
Anyway he's green screened for a second time, i will have an official unfiltering when share px hits £6.00 because by then none of us will care what anyone says as we will be too busy chucking notes in the air.

Windy , he is filtered so don't em no point, i used to but i'm not sitting at home all day so actually don't get time and gave up trying to make my point because he would pluck one sentence or one fact twist it to suit his argument which is why i called him amongst other things Daniel Trump, it also clogs up this board, people of course have right on here to express an opinion but if you don;t agree then no worries move on or if really winds you up then filter.
As for the young little boy Daniel Trump himself i actually know quite alot about him as he used his twitter user name on here !!!!!, says its not him but a rather unflattering selfie pic of him sporting a mostly bald head with bright red hair along with his lovely lady has now mysteriously disappeared of Google images only one to replaced with the same lovely lady but with boy Trump sporting a cap. Got tons more on him but that's probably already too much already as i've dragged myself to his level but sometimes you just have to let a bit out.

@Halliwell Unfortunately few on here see the back ground noise of this, its pretty complicated.
For proper ESG you cannot simply issue a contract with out doing full compliance inspections, these inspections are incredibly thorough, one stray carton in an aisle or a chair in front on a fire door is a fail, in our fty we have a sprinkler system, a must, yet despite this after Rana Plaza we were instructed to have a fire hose with separate water tank placed on the ground floor that reached the top floor (3rd) this was in case of a sprinkler system failure, we were give 60 days to comply, we of course did at great cost, for some compliance due to the number of workers we have even had to increase the number of toilets, we have more loo's than many of the London offices i go into all put together!!
My view is that the City see's many positives with BH but also many issues, this is why bad news lies heavy on this share, investors see it as another hurdle, when you look at Asos they see the Tax issue as a burden but it s against the back drop of lesser issues, with BH its god we see massive potential but it's just had another weight added to it to get there, so it falls heavily and rises slowly.
If out of the blue tomorrow BH suddenly dropped the Asos ESG link i have posted onto their website and posted all sorted here you go check out what we've done then these shares would rise by £1.00 instantly, sadly never gonna happen, what happens is that they announce they have bought companies at great prices and City goes wow thats awesome, then think oh god how the hell they going to control all of this. JL/AR know how to, can and will but at mo bit like their link its all words, some point we will start to see the fruits of the action but its a massive task and if anyone underestimates it then they are just plain wrong.
To give you anotheer idea, Friday we had a mail from Senior Asos management about the deal, working practices , stock and intentions, same day mails from T/S/TM buyers saying this week they would be transferring to Asos h/o and being given induction courses, all emails now changed to Asos ID and contracts are currently being transferred onto Asos system, a rota system is in place for in office working, we had our first enquiry yday for 4000pcs asking for urgent delivery, we are btw compliant on both systems.
Yesterday for the first time we had correspondence from Burtons saying at mo we are still in Colegrave House we think for another couple of weeks, probably going to be working from Euston Rd (BH London Brands) but tbc bit chaotic, any buys are being kept to 200pcs, so far not one mail from BH. Ok it's early days but they are stretched and City knows it.
I gradually bought into BH, i'm all in not because they are perfect but i think they can be perfect and see value long term, i just question how long it will take.

Got into the sub sections of the Asos link i posted , even if you just look at two.

Our Supply Chain-Every fty around the World is checked, mapped and listed.

Third party Brands-This section is important, especially given Debs Market Place, whether Brands come in bought at Wholesale or list themselves. This gives you an idea of how absolutely comprehensive Asos are in inviting anyone onto their site, by doing so they have a responsibility to ensure they are Compliant, scroll down in this section its pretty impressive.
If BH are to make the Market Place pit hole free for themselves then this give you an idea of the task ahead, one false move and a whole heap of bricks will come falling down on them,

Boring i know but i posted this earlier on in the day, i knew BH statement wasn't great but this highlights just how far behind the curve BH are, they will get there just a matter of when seeing as they have there hands pretty full at mo.

https://www.asosplc.com/corporate-responsibility
v
https://www.boohooplc.com/sustainability

Thanks BarryBrown , not a buyer but either know or supply most.

@BruceJ, this is the issue, BH have been working in a very old fashioned way that whilst not illegal is open to all sorts of abuse and have turned a blind eye as it suits there cause, Asos and most there high profile companies do not allow sub contracting of actual making of garments and havent for quite a few years, they do allow some sub contracting depending on what its for.
A very simple example
Embroidered Sweatshirt order 5000pcs , Factory Capacity 1500pcs a week, if BH say they want delivery in 10 days fty has to then give later date, BH says no, i'll give it to someone else, so Fty agrees doesn't want to lose order, he then jobs out (subs) the rest to another Fty who in turn can do the same and sub it again as he hasn't got the capacity, BH used to turn a blind eye, with Asos you'd be struck off immediately, then times this by many styles.
Also times this by fact that Fty has to embroider the sweatshirt and might not have Embroidery machine and has no in house washing, again both sub'd off to other fty who may also sub this off as they have taken on too much or agreed to dates they cannot deliver on.
Times this by all the in house Brands they now have all the Countries they will be sourcing from. Asos, Next etc do allow sub contracting but not for making of garments, its allowed for washing, embroidery, printing, bead work, dyeing, denim finishing (handbrush , whiskering, destroying) but again crucially all these places are inspected and signed off as compliant.
So you start to see the problem of compiling a list quickly just for UK alone , it needs to be 100000% bullet proof and also be able to deliver on the demands of the current capacity demands, not an easy task.

Contrast this with what BH have on their site and you will see how far they still have to come.
https://www.asosplc.com/corporate-responsibility

@Pmoran i believe your 100% correct, might just add to this that the sourcing net will now be far wider and more comprehensive than before, crucially this will take time to bed in, at least for Debs, i also see cost implications, negative especially in Leics where they need to fall back in line but positive else where, see below.
Interesting discussions taking place at mo re Indian production, drum beat was that Boris was going to announce some sort of Early Harvest Pre Trade Agreement on his trip that was cancelled back in Jan, this would inc duty free status on clothing and shoes, this was much mooted by Jacob R Mogg on Brexit campaign and is looking likely to come to fruition pretty soon, this could be about a cost saving of about 10% on imports, this would mean a great margin increase for the many lesser fast fashion Brands that BH have now just acquired, once this supply chain is established and ESG Compliance in place and proven by independent inspection agencies then as you say def expect a lot less volatility and the share to move upwards towards broker ratings.

May i suggest for the sake of the board and to anyone on hear if someone posts stuff you constantly have a problem with then filter them, if you dont then it says alot about you, clearly you have issues in which case get help you have a problem that is manifesting itself in other areas of your life.

Oh Oh ! I have the default green again after my under pant post, assume its Daniel Trump (85% in house joke) reverting to type, the guy is obsessed with me, i may have to take out an injunction.
Rag Trade
2020/21 BPOTY Winner

@Splice £6, mmmm quite punchy, i will sacrifice some Shein underpants to Odin and Plutus to help it on its way, i did try little 70% off, cropped black nightie y.day, they obvs weren't lovin that as it seemed to have the opposite effect.

@Splice, right now id be happy if we just stayed above £3.60 and gently move forward from there.
We all of course think along same lines as tgt px rampers or wouldn't be here but i suspect that the frustration is that most of us think we should be £4 or thereabouts by now. Based on current share px lethargy i can't see us hitting some of these for quite a time, the post £5 is a thing of beauty but that's got to be next Christmas, i pray to Odin i'm wrong or better still Plutus.