Member Info for RobertoLarcos

And that's just on the £250m

Don't you agree that 15% interest rate is extortionate?

That's about £37m a year... half of FY24 EBITDA guidance

I haven't seen anything suggesting takeover bid in the update.

Are you spreading misinformation?

Where do you see that?

Where did you hear about takeover bids KBYK ?

HaHa well done Celtic. Taking financial advise from journalists 😂😂😂

Time to sell?

You can deduce it..

FY24 revenue will be around 3bn

Adjusted EBITDA will be around £70m

That's about 2.3%

Ok that's only £85m down the drain from the Top shop fiasco

And you thought it's a good idea for your 'come-back' to tell us about the Primark sales when ASOS sales are down more than 15%?

More booHoo? I'm sorry for your loss(es)

You disappeared for a while..

Now you're back posting on this BB, like a snail comes out when it rains

"The Bonds will be redeemed on 19 September 2028, unless previously converted, exchanged, redeemed or purchased and cancelled in accordance with the terms and conditions of the Bonds, at a redemption price of 120% of the principal amount, implying an annual yield to maturity comprised between 14.4% and 15.4%."

In addition to the 10-11% coupon, the new bonds will be redeemed with a 20% premium to the principal.

That's extortionate levels of interest, I mean loan shark level. ASOS must have been REALLY desperate!!

Anyone thoughts??

Well look who it is... Where have you been all this time?

Ok got it.

Curious to see the cash flow statement

The conversion price is set at £79.65 so if the price is higher than that I think everyone will be VERY happy

The conversion option is essentially worthless, hence why coupon is so high at 10-11%

Sj74 where can I find the EBITDA guidance range?

Annual Financing Costs Comparison

2026 Convertible Bonds: £250 million at a 0.75% coupon rate

Annual Cost: £1.875 million

2028 Convertible Bonds: £250 million at a 10.0% - 11.0% coupon rate

Annual Cost:

At 10%: £25 million

At 11%: £27.5 million

Difference in Annual Financing Costs:

At 10%: £23.125 million more per year

At 11%: £25.625 million more per year

Isn't the current deal including all the topshop brands? Can someone provide some clarity?

I recall they paid £330m in 2021 to buy them. If they are now selling for £180m that's £150m down the drain

Oh well.

How much??