Member Info for southcoastbather

Certainly puts the loss of 250 million quids worth of revenue in the main brands...

Debenhams will never make that up.

Seems to me the shrinkage has accelerated across the youth brands.

Truly astonishing just how wrong this has gone in 24 months.

I mean I literally said they had gifted debenhams the labels revenue - glad its not jus me that noticed.

Minus the labels, debenhams is contributing as little as 50 million to group revenue....

Fugazy.....

"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?"

Is it me or is the slide in the youth brands revenue accelerating?

Lost our way😂😂.... Stevie wonder could have done better.

Dan Finley, the chief executive of the online fashion specialist, said sales for its founding brand Boohoo, as well as MAN and Pretty Little Thing, slid by 21% to £947m as “we lost our way”.

What a load of tosh this was.

Mahmud Kamani, Group Executive Chairman said:

"The Board is focused on ensuring it takes the right steps to drive boohoo Group in the interest of all its stakeholders. We are delighted to have agreed a new lending facility which shows the support of our existing banks and their confidence in the Group. The business has evolved over last few years and has an offer that is much wider than our original focus on young fashion. The time is now right to consider options with regard to corporate structure, with the aim of maximising shareholder value.

"I would like to personally thank John for the contribution he has made to the Group. John has built a talented and inspiring leadership team who will ensure we are best positioned for sustainable growth."

Bf is right - they just hired it, spent 50 million fitting it out, then closed it for a total cash loss of 100 million quid all in 2 years. Total calamity.

Not just shareholder value but SUPERIOR shareholder value.... Absolute bunch of clowns at the helm.

Absolutely filled shareholders with lies and cr@p.

Im more suited to posting the reality of the situation here.

Who knows one day that reality could involve growth and profit.... In 2030 maybe.

Like the results today back up what similarweb has been telling us for a long while with website visits sinking.

Debenahams revenue last year 186 million

Debenhams revenue this year 204 million

Considering we literally handed debs revenue via the labels as well.

Debs is hardly smashing it as they are preaching is it?

Group wide pre returns gmv down

Group wide post returns gmv down

Group wide revenue down

Losses up

These results are certainly a contrast to all the waffle the company has been dishing out in a non formal manner.

Those that voted for this current lot have been well and truly done up like a kipper.

Notably Kamani is very soon out of his agreed period where he wouldn't make an offer for part or all of the company.... That pathetic little agreement that was used to fool investors...

Kamanis have pulled 500 - 600 million out of this Reardon - they could buy the youth brands 3 times over at today's value.

Im pretty sure the loan is around 125 million on the remaining rcf

Dans message in todays rns seems somewhat different to his video a couple months ago - seems he is having to admit the reality that the youth brands have been destroyed by Lyttle AKA Kamani.

They have had 3 years to turn this junk around!

"Finley said the turnaround of the youth brands “will take time”. “I have inherited significant challenges. I can see their future potential as they evolve into fashion-led marketplaces and adopt a leaner operating model,” he added."

So 77 million "cash" in the bank

Likely revenue for this new year will be down for to 1.1 billion unless there is a miracle.

Its certainly on the bread line as far as potentially needing more cash within 12 months, 18 months at a stretch....

It's not impossible that they could pull this off without the need for more cash.... I can't see it though.

Where are you seeing the cash balance based on those figures Hexam?

Without any improvements we are heading for some serious cash raises imo - if not the business will fail.

That 16 percent annual revenue loss is absolutely ridiculous - the name change seems to be making people forget just how bad this is.

Total loss on usdc is circa 100 million quid.

Cash outflow in h1 was circa 90 million.

Northern - I think you will find I have been bang on with what I have said.

They missed guidance

Gmv fell

Revenue decline is still 16 percent

Losses will be over 200 million.

All of the above will continue for the foreseeable just under the Debenhams name.

I don't have time today happy!

Due to not prior notice I cant make it.

There will be nothing that changes the numbers though.

Update the chat if you're watching it.

My first thoughts -

Revenue still falling at around 16 percent per year - no mention that this has reversed so the assumption is it's still falling at that rate.

Revenue is falling so fast and debenhams is such a small business that gmv is falling - i don't see a point where debenahams can prop up the group with our tiny cut of each sale on debenhams.

No mention of current trading - if it had improved they would have said.

No mention of nastygal so assume thats dead in the water.

No mention of usa trading so thats obviously still shrinking.

No mention of cash position or losses so it's impossible to know how the finances look - cash raises are very likely imo.

Old Cfo gets awarded million quid worth of shares then leaves - he's probably sold already.

Why is Morana leaving? Not because he see's a bright future surely?

New cfo doesn't own a single share - do any of the higher up management even believe in the company? (obviously his oockets get filled with them for free as per usual)

No mention of capital markets day - I think thats a disaster waiting to happen anyway.

The cynic in me wonders if the name change to debenhams is also being set up for a fight over the whole group should it fail, rather that a fight just for debenahams - Ashley is less like to want all the crap that comes with the youth brands so might be less likely to go after "debenhams".... Thats about the only strategic thing I've seen from the board!!

Also the name change is nothing like frasers, sports direct was a company name and not a brand that people wear, so yes we are Debenhams but still selling boohoo clobber and plt etc etc. (the tarnished name was sports direct and not the brands it sold)

Revenue for this financial year we are in now is likely to fall again to around 1.1 billion. If so a cash raise is definitely happening as the losses will increase again.

Absolutely no sign of growth on a group level - they literally don't know what to do with the youth brands.

So glad shareholders voted for no change 👏

Jesus - if US markets are a bloodbath just down off record all time highs then what is this here.

THG.

This pos needs a bloomin miracle.

Dread to think if we are this price for results and they drop below 1.24 billion revenue.

Gmv here is a fugazy...

90 percent of gmv is reported as revenue on other company's books.

Revenue is what matters here.