Member Info for Reardon95

Valuing ASOS on similar metrics to about you’s zalando acquisition would put this at a conservative valuation of £1.5bn assuming we will get £150m ebitda which is low end of guidance. Looks like the market is starting to wake up to these seriously undervalued UK e-commerce companies.

This is going to get taken over. Get in whilst you can...

Saw this Razor! Another 3000 brands onboarded, going from strength to strenght. The ads business is highly lucrative as well. Very positive to say the least. Dan has done a tremendous job, if he gets us to £4 a pop he will be well worth his £150m.

Paulley I think DEBS is a genuine turnaround, I would be suprised if a takeover happened there. ASOS is a far better candiate to be taken over. Demolition job on the fixed costs, streamline the business and you have got a huge business at massive discount. The platform/stock is the best I have seen ASOS in years. It has actually done remarkably well to weather a £1bn stock holding post pandemic (we can thank Nick Beighton for that calamity). ASOS has the better corporate image, no scandals and by far the more interesting ownership structure. Polvenson, Frasers and Barker all have the fire power and the backing to make a move here. But which one will?

That's what I'm saying reference costs. The ship is far too heavy here. To grow revenue in this climate is a big ask. Revenue is declining and not enough done to trim the fat.

I have to say I am invested in both but i think DEBS is in the better position to turn itself around with a 70% reduction in headcount, smaller net debt and guiding to £100m in fixed costs, (Big disposals on the way) lower capital commitments. But, I think ASOS in the right hands could easily be worth £1b. Hope that makes sense?

Still sustaining massive losses. Big dilution risk coming if they are can't start churning profit to pay off ballooning debts. My only hope here is a takeover bid as this is still a huge revenue machine which resonates strongly (especially in the UK). My view is they haven't done what is required on the cost base to drive sustainable profit generation. Needs a DEBS style attack on the fixed cost base to really improve FCF.

THG rebounding well. Strong beauty growth, we will likely see strong momentum in that sector here. What better business for Primark to buy than DEBS group? They need a strong foundation in the online sector as Primark only operates in physical stores, I couldn't think of a cheaper proposition for them to take which would compliment their current model.

This is now transitioning into a much more corporate outfit with some significant leadership positions being created. Positive steps ready for the next stages of growth.

https://www.retailgazette.co.uk/blog/2026/04/debenhams-group-appoints-paul-aspden-as-cto-to-scale-marketplace-tech-and-ai-push/

Check this out :)

mirakl.com/resources/how-debenhams-quadrupled-retail-media-revenue-in-3-weeks-with-mirakl-ads#:~:text=Mirakl%20Ads%20is%20the%20retail,all%20sizes%20to%20maximize%20performance.

We still need some disposals to get the balance sheet back to health. £40m for Burnley and some non core brand sales for circa £40m will get us nearly there with the massively reduced cost base.

Dan knows that he can't just rely on Debenhams for growth. The Youth Brands need to get back to their glory days!!

They are likely keeping some cash at hand through the fund raise and pushing some stock back in to the youth brands to start growing again. The power of SHEIN / TEMU is beginning to falter and now is the time to push again. Nikki looks like a welcomed addition to the team.

Https://www.burnleyexpress.net/news/plans-submitted-for-burnleys-first-indoor-padel-club-at-former-boohoo-site-6566161#

Lagging behind the market today, strong start that has faltered.

Ashley is likely expecting Polvenson to make a move.

£53m EBITDA 😉

The market is more interested in what has happened this year in fy 2026...I expect results to land tomorrow!

Where are these results?? THG and ASOS posting stellar results, expecting much of the same here.

Stonking update. Fair play to Calamonte he has sorted this mess out. Expecting a bid shortly, Frasers could sort the debt issue in a heartbeat and where else can you buy a £2bn turnover business with £180m EBITDA for £250m mcap?