The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Love or hate Matt Moulding I must say he’s not wrong.
https://www.linkedin.com/posts/matthew-moulding_wildwest-london-exits-activity-7190962420062855168-qQfr?utm_source=share&utm_medium=member_ios
I have to say if ASOS receive a £300 millon bid for Topshop they should be snapping their hands off. This would drastically reduce net debt and i would suspect it would make a very positive effect on the share price. The precarious debt position is one of the main reasons this is being held back.
I agree Kachra. I would suggest re-watching last October's conference call. There is a lot of fat BOO can claw back and hopefully not put it all into cost and proposition for the customer to retain market share.
In my opinion BOO are in a very good place now for growth and the long and expensive lead times were a HUGE problem for BOO. Speed is up and costs are down and with the US distribution centre and automation now coming into fruition we could be back to growth in no time. There is also not a historic ageing stock problem here like our compatriot's ASOS with FY24 running at an extremely streamlined stock profile.
Fingers are well and truely crossed for the start of May. Anything under 17% top line revenue decline will be a bonus here as wemove towards our medium term margin of 6-8%. Mahmud confident we can get back to 10% in the not so near future.
BOO have already confirmed we are within "Market expectations" so there should be some positives around the corner .
Worth a watch and a recap.
Interested to see what they have delivered.
https://stream.buchanan.uk.com/broadcast/6504762150a62b392af14caa/66296fee6e6d84cc78715595