Member Info for sj74

Why is everyone so shocked, did no one read the last trading update? 😂

THG is a threat to APN, and much larger... However the margins are poor so we don't make much lol.

THG is getting leaner and Beauty and nutrition are both back to growth H2.. on track.

Hardly a surprise though, this was all given to us in the last trading update..

As previously said.. results exactly as expected. No surprises either way. Content with them, they are moving in the right direction.

The good thing about the little notice is it stops the crazy incessant ramping.. so if we get something good tomorrow it should do quite well, what we are expecting pretty steady.. no big spikes up before results I don't mind.

Nice to have a bit of wishful dreaming 😂. Probably get a 100% rise if that happened lol.

I don't think results are decent, we've had a profit warning so at least that is out in the open.. anything else is a win and market will react positive :)

That's good, not long to wait lol. But as has been mentioned several times we already know the rough figures for H1.. 🤞 for any added bonuses lol

'Unless the results blow expectations out of the water the CEO simply has to go.'

Since we already know it's going to be below par-as per profit warning.. he won't go though.

Divis/share buy backs would be lovely.. can't see that for at least a year or so-depending on how quickly the business gets streamlined etc.

I suppose it all hinges on the next update really doesn't it.. no pressure 😂

Anyone have any idea how much interest payment it will save THG with the Claremont parting?

You say the debt for the company is alright but with an EBITDA of only £70 ish million and margin of around 4% it's quite poor really.

Exactly.. this now appears the strategy, may take some time. I expect we will see some more 'streamlining'.

This is a decent Collab.

https://www.asosplc.com/news/topshop-expands-retail-footprint-nationwide-john-lewis-partnership/

However, if they can clear that debt with another decent disposal then Cash generation 'should' become much more significant. The Businesses they have aren't rubbish, they are good.. they just can't make any money ATM.

The margins are terrible. Beauty has taken a nosedive this year and EBITDA for nutrition looking worse. It's a good thing revenue is growing otherwise the SP would/could be worse. 4% EBITDA margin roughly this year it will equate to. Poor. I'm in as I think it should be doing much better

They are targeting 10% EBITDA margin. Miles off ATM.

I doubt there will be any Free cashflow this year.. before the profit warning there was only going to be a small amount. More likely to be negative now.

This time next year rodders.

At least we have an idea of what the results will be so no unnecessary super ramping.. anything other will be a bonus :)

Good to see Jordi and kind of what Shore Cap were saying in their latest note:-

'The group is aiming to offer fewer, more curated items and to focus on quality and relevance rather than the mass-volume model.'

https://www.proactiveinvestors.co.uk/companies/news/1076876/asos-rides-on-topshop-relaunch-as-broker-reiterates-buy-1076876.html

That's what they told me in January about comprehensive updates in HY and FY, no mention of trading updates post HY and FY close but they did it and they have been doing it for the last so many years. I expect they will do the same in September.