Member Info for southcoastbather

What can we expect group wide for this year's revenue??

Another plus 10 percent growth for Debenhams revenue

Minus 20 percent for youth brands? Possibly a lot worse with the new plt launch?

This will see us just scraping a billion total revenue

Loss for loss for last year combined with the loss this year will bring wipes the company out of cash imo.

We started last year with 230 million , at h1 we had wasted 100 million of that leaving 130 million - where are we today? 60 - 70 million? If we are lucky.

Comparing Dans first ever video clip with his most recent results presentation tells a story... First one he was pumped up like a puppet on magic dust talking of boom boom boom 2.4 billion gmv blah blah we are taking on the world....

In the results one you can see he is already dejected and knows the task ahead is not what he first thought.... Admitting the youth brands are knackered basically.... He isn't the man to turn this around.

How much does ashly own?

9 percent..... You think he is making decisions over the main holders who holds 55 percent?

Jesus christ.

As a matter of fact you can "all" be wrong....

Amazing its so blatant that not a single ceo has gone public or to the fca to report their company value being destroyed..... I suspect because the fca would point them in the direction of their rns and results history.

What does 33 percent gmv growth vs 10 percent revenue growth tell you?

It tells me that that our cut is getting smaller and smaller - not sure how you can spin that any other way.

I'll tell you what is impressive - watching the youth brands revenue drop from 1.2 billion down to 950 million in 12 months - a drop of 250 million. Especially after spending 500 million quid in 2 years while taking bonuses and telling investors that figures dont reflect the hard work done by management..... Must have been hard work wasting 500 million quid of shareholders money eh!

Yup, and the recurring theme is that all the company's have under performed massively.

You could blame mike of course, but it would be false.

If the performance improves the sp will...

Asos guiding minus 9 percent to plus 5 percent revenue for the year, which has been reiterated.

Who knows what they will produce in that range - it will definitely be an improvement on last year though.

Yeh I know.

We had a full year of this off you over here at mid 30s...

Now its mid 20s....

What does that tell you?

10 percent revenue growth on Debenahams is pathetic - be honest with yourselves.

The resuscitation operation on Debenhams, now in online-only form obviously, also seems to be more a work-in-progress rather than a definitive “we’re back” moment. Pushing a “marketplace” platform model – selling other retailers’ brands, in other words – was an obvious move since all the big names in clothing, from Next to Marks & Spencer to John Lewis, have ramped up activity in that arena. The stock-lite and capital-lite features obviously also hold appeal for a group that still has too much debt.

But 10% growth for Debenhams is not a shoot-the-lights-out performance and the open question is the true size of the outside third-party “marketplace” element. How much of the turnover is coming from in-house labels Wallis, Coast, Oasis, Dorothy Perkins and Warehouse? Jefferies’ analyst Andrew Wade reckons the pure platform contribution is “diminutive” – strip out internal brands and beauty products from Debs’ revenues of £205m and he thinks it could be as little as £50m-£60m. Fair point: the partners may be enjoying “strong growth” on the platform, as the group says, but from what level?

Meanwhile, revenues at the fast-fashion brands were down by almost a quarter to £947m and it’s hard to escape the impression that Boohoo has simply had its day in the sun. From one direction, industry giants Shein and Temu intrude; from the other, websites for secondhand goods such as Vinted are a coming force.

They no longer need to save Mahmud - he's in place and currently destroying the business.

I wonder which way mike will vote?

Are they hoping to keep it a bit low key, a lot of annoyed shareholders could well spoil the vote out of spite no? (if they can admit to themselves they had the wool pulled over their eyes by voting for the klan)

They're right there in the 6 month chart I should say.

A lot of people here seem to be counting their chickens thinking and talking like this is a bottom at 26p.

Boohoo has suffered 2 x major drops in the past 6 months, they're right their in the 6 month chart.

1 of these being just before the announcement of the usdc closure - almost as if someone knew in advance.

The 2nd one being when the market realised that Mike had lost the vote, the sp went from newr 39p down to 25p.

Will there be another drop when the capital market day is cancelled or kicked down the road?

Every action from the board in the last 4 to 5 months pointed to stinking results being hidden.

No surprise that selling the London office was rushed on the cheap followed by an emergency placing - you can bet your life the lender didn't like the figures they were seeing and called in the debt.

Now the cfo is off because he knows that change isn't possible with the Kamanis on board.... One trick pony springs to mind.

1 - no uk tax to pay as money is going to dubai.

2 - if it all goes pop Umar will dissappear from the company in advance.

3 - they don't have to tell the market his pay packet.

Kind of lines up with mahmud taking more of a "back seat" as well if it goes bang.

Jeremy - how many reasons can you think of to not have Umar properly employed as ceo at plt?

I can think of a few

Sorry typo - They have specifically stated q1 2025, not fy25.

I honestly can't fathom what they are doing apart from lying to the market fed.

They have twice stated there would be a capital markets day and both times they have been sat on live date telling them they shouldn't even consider it.

They have told so many porkies in the last 6 months when backed into a corner by frasers.

So they have a little over 2 weeks to notify and hold the capital markets day then?

They have specifically stated q1 2022, not fy25.

Cancelled again yeh?

Great information Jeremy.

Highlighting just how bad boohoo is doing.

Boohoo has 16 percent yearly revenue losses for 3 years while others that have been growing over that period are still growing now.

I've never seen such a narcissist - literally cannot be wrong even when all facts presented show the opposite.

I've fixed your statement jezzer!

"You have gone from Boohoo's biggest protagonist to the biggest critic in 3 months, and you were right to have done so because their results were awful and they missed guidance as you said they would"

Poor old bf just doesn't get it, if there was ANY positive they would have been singing about current trading yesterday!!

They didn't mention current trading, usa, nastygal, revb... Etc etc...

3 years we have had t4g, Jeremy and bf telling us that if guidance was missed they would have to update the market immediately... Almost one and the same.

Yet for 3 years they have missed guidance and never once updated the market until results....

Forget h1 results - wait until the full year comes out with huge losses and masses of cash gone!

They missed guidance on every aspect of the business.