Member Info for samb69

Having sold Misguided to Shein, Frasers obviously working with Shein. Michael Murray did say the share purchases for Asos and Boohoo are mid flight. Shein have a MC of something like 65 billion USD.

Could the greater plan be for Frasers & Shein to take out ASOS & Boohoo ... Shein takes out all the online competition in the uk..

Apart from the revenue forecast going forward which may or may not happen, was there anything else in these results that was a big surprise?

Surprised no one has asked their view on Frasers taking large stake holding in the q&a

I think the shorts here will be reducing. No need for them to be caught out with a sale of Topshop being announced anytime soon which I expect is going to happen.

Hopefully he forgot to tell us the forecasted revenue decline is because TOPSHOP is sold...lol

I see Umar Kamani (PLT & Boohoo) in the papers saying he wants to buy Topshop from ASOS

Testing issues by auditors was a a lame reason given..

Definitely was something more brewing..

Bum

What makes you say they are forced sellers? It looks like they have steadied the ship with access to £400 mil.

If they sold it off cheap then I would be worried...

Headlines in many outlets that Asos looking to offload topshop.. maybe why this was the real reason for the delay of results.

From earlier this year:

At our FY22 results announcement, we reported net debt of £153m, down from a net cash position of £200m in FY21 and £408m in FY20. This decline was predominantly driven by the purchase of too much stock, with FY21 and FY22 intake c.50% higher than in the preceding two years.

We closed FY22 with £1.1bn of inventory, twice the size of our stock balance in FY20. In two years, the c.£560m increase in our net debt position was broadly equal to the c.£550m increase in our stock.

This is where the muppets screwed up. Vast amount of cash buying stock they couldn't sell at a profit. I'm confident the CEO is turning this ship around having addressed this issue. I think in 2020 ASOS were making 142mil pbt on 3.2 billion of sales. Ours sales are still higher now than in 2020 - we just need to start making decent PBT and cash inflow and this will shoot back up...

Our revenue is

ASOS screwed up by ridiculous overstocking. This has now been addressed and hopefully moving forward we could see a good re rate of the share price.

PwC has assured the Board that the outstanding procedures are limited in nature.

It's just a minor delay. If it was anything more sinister they would have to had said so and the delay would have been longer.

I believe Michael Murray needs to get Frasers share price to £15 by 2025 to pocket £100 mil.. So needs to double it from here. Hopefully some big acquisitions are part of his plan to get there..

I would have no issue with short selling if it was mandatory to declare from whom the shares were borrowed from.

I think this would deter shares being loaned out.

atleast it wasn't a complete ****show! cashflow positive is a big thing... hopefully this alone will keep us from hitting 50's.

Come on Mike - just give me £15..

The only thing going to drive this share forward to a more realistic value is either the company performance or a corporate event.

The removal of the golden share, changing listing or whatever Matt moulding says will do jack.. THG need to show good numbers to the market otherwise we are just going to bounce around under a pound. Lets hope the next update is a good one!

I don't think there is an obsession or that they have any power. From my point of view out of all the shares they could have invested in they picked THG..why? They must see fundemental value here... Hopefully it doesn't take years to realise..

Lot of negativity on this board and understandably so seeing the share price drop yet again after the positive momentum towards a pound and beyond.

Kelso was formed by heavyweight investors . They must see the potential and true value of THG to solely invest in them. This atleast should give us some confidence for the future..

Camelot are a one man band but good to have someone with skin in the game as a non exec.