Member Info for southcoastbather

"Personally I wouldn't include exceptional expenditure items like property in a standard capex report. How much is capex this year and how much has it been any other year"

"Examples of capital expenditure

Property, including your land and buildings.

Fit-outs of buildings, such as furniture and infrastructure.

Equipment, vehicles, and work tools, like computers.

Research and development (R&D) expenses.

Intellectual property, such as patents and copyrights.

Buying a new business."

It's not up to your personal choice - the company spent 261 million on capex whether you like it or not.

Just accept it, these clowns spent over 500 million in 2 years and have completely destroyed this company in the process - what kind of management team spends all the company cash in 2 years whilst at the same time removing guidance due to the pandemic and uncertainty. Then spends 3 years blaming everyone and everything except themselves.

"Given the uncertainty generated by the continually evolving COVID-19 pandemic, it is not appropriate to provide guidance for the financial year ending 28 February 2021 at this stag"

Possible trading update with results of agm?

Please please please stop this nonsense.

https://www.lse.co.uk/rns/BOO/final-results-for-the-year-ended-28-february-2022-y8a3od7cx53vnsy.html

"· Capital expenditure of £261.5 million, funded using existing cash reserves, including freehold properties and the expansion and automation of the distribution network"

These jokers have been smoking the pipe - strong balance sheet with 1.3 million quid??

2021 they spent 250 million quid on plt and all the other failing brands.

2022 they spent 261 million on cap x leaving us with 1.3 million quid.

You have to be wired wrong to want more of this

"· Strong balance sheet with net cash of £1.3 million (2021: £276.0 million; 2020: £240.6 million). Operating cash flow of £10.3 million (2021: £201.1 million; 2020: £127.3 million). New £325 million RCF agreed in March 2022, underpinning the group's investment programme"

This couldn't have been more wrong could it.... Complete shareholder value destruction and total wipe out of company cash.

Meanwhile the Kamanis have pulled 600 million into their own pockets...

"Boohoo announced what it described as the ‘significantly earnings enhancing’ buyout of the remaining 34% stake in PLT from minority shareholders Umar Kamani, the son of Boohoo co-founder Mahmud Kamani, and Paul Papworth.

Consideration for the deal could potentially rise to £323.8m, although Boohoo said it is ‘taking an important further step towards achieving its vision to lead the fashion e-commerce market globally by accelerating full ownership of a brand that is in high growth with enormous growth potential ahead of it’."

Their greed knows no boundaries!!

Umar (the kamanis) were taking millions of pounds in profit that wasn't theirs hence they were shafting boohoo shareholders...

I thought these were audited properly yet the audits even missed this simple mistake until shadow fall pointed it out....

And some people think plt was valued fairly?

Everywhere you look in the rns's it's blatantly ran like a car boot sale.

Was the family caught with their fingers innthe till??

They soon made this amendment after the shadow fall report caught them out....

"Following a review of the accounting treatment of the non-controlling interest of shareholders in PrettyLittleThing.com Limited ("PLT"), it has been determined that the restrictions imposed by the Shareholders' Agreement require the proportion of the non-controlling interests' share of the profits of PLT to accrue in accordance with certain terms of the agreement and not as 34% as previously stated. The accumulated profit attributable to non-controlling interests of £8,761,000 as at 28 February 2018 has been adjusted to £4,018,000 and the share of profits for the year to 28 February 2019 from £9,687,000 to £3,875,000 and the difference added to retained earnings. The share of profits recognised by the non-controlling interest increases each year by 20% of 34% of the earnings of PLT from 20% of 34% to 100% of 34% over the five-year period of the agreement, as does the non-controlling interests' share of the net assets."

They absolutely knew there were issues coming with growth post covid.

"At the time of the Group's preliminary results announcement on 22 April 2020, the Group noted that since mid-March, trading had been mixed, as a result of the impact of the COVID-19 pandemic, initially with a marked decrease in the year-on-year growth rate. Performance then improved during April, delivering improved year-on-year growth of group sales. The Group is pleased to update shareholders that trading into May remains robust. The Group does, however, remain cautious regarding the outlook, as a result of the uncertainty caused by the COVID-19 pandemic together with the impact of lifting lock-down restrictions and the potential influence on competitive behaviour for the remainder of the year."

Given the uncertainty generated by the continually evolving COVID-19 pandemic, it is not appropriate to provide guidance for the financial year ending 28 February 2021 at this stag

Blimey!! They raised cash on 14th May to take advantage of failing company's.

At the same time they noted their own trading had began to struggle and decided to take away guidance due to uncertainty.

14 data later they purchased plt, they knew things were getting dicey and rushed to protect the golden kamani egg... They bought it a full 2 years early.

"Boohoo (AIM: BOO), a leading online fashion group, announces a proposed placing of new Ordinary Shares ("New Placing Shares") with existing and new institutional investors, to raise gross proceeds of up to approximately £200m (the "Placing").

The Placing will be conducted through an accelerated bookbuild, which will be launched immediately following release of this announcement. Zeus Capital ("Zeus Capital") and Jefferies International Limited ("Jefferies") are acting as joint global coordinators and joint bookrunners in connection with the Placing (together, the "Joint Bookrunners" or the "Banks", and each a " Joint Bookrunner").

The Group intends to use the net proceeds of the Placing to take advantage of numerous opportunities that are likely to emerge in the global fashion industry over the coming months. The Group continues to review a number of possible M&A opportunities and will update shareholders as required.

As at 29 February 2020, the Group had audited net cash of £240.7m. Since year end the Group has remained cash generative. Following the Placing, the Group will have an even stronger balance sheet to help accelerate its vision to lead the fashion e-commerce market globally.

Boohoo has demonstrated that its platform is capable of integrating high-quality fashion brands. The recent acquisitions of the Karen Millen and Coast brands evidence its successful transition of brands to a pure online proposition on its scalable multi brand platform; plugging them into its test and repeat model, and leveraging the Group's infrastructure and insight into the fashion e-commerce market. Moreover, the Group's earlier acquisitions of the NastyGal and MissPap brands demonstrate its ability to develop and grow brands successfully. The Group sees significant opportunity to replicate this success globally.

At the time of the Group's preliminary results announcement on 22 April 2020, the Group noted that since mid-March, trading had been mixed, as a result of the impact of the COVID-19 pandemic, initially with a marked decrease in the year-on-year growth rate. Performance then improved during April, delivering improved year-on-year growth of group sales. The Group is pleased to update shareholders that trading into May remains robust. The Group does, however, remain cautious regarding the outlook, as a result of the uncertainty caused by the COVID-19 pandemic together with the impact of lifting lock-down restrictions and the potential influence on competitive behaviour for the remainder of the year.

Given the uncertainty generated by the continually evolving

Everyone here is of the opinion that if there was good news then the board would have released it to cement shareholders confidence in voting for no change...except those in fairy land...

This has been an absolute stinker of a year.

Nothing has improved in the group.

Debenhams making a measly 3 million quid while the group loses 160 million.

Last years update was on the 23rd of jan, there's absolutely no chance of that happening this year.

Silence is deafening.....

"All the shops that could be closing in 2025 – including Quiz and Boohoo

Budget retailer Boohoo has also faced a shock decline after COVID lockdowns were lifted.

To help manage losses, the brand has cut jobs at its Manchester headquarters, sold its London office and shut an expensive warehouse in the US.

Boohoo is now considering separating its brands – such as Pretty Little Thing, Dorothy Perkins and Nasty Gal – and is yet to make an announcement as to how it has performed over the festive period."

Seems even the company admit there are issues and the fact its been a torrid few years BF.

Imagine a company where the man in charge of the numbers admits its been a torrid few years yet all bonuses were signed off for that torrid period.

The charlatans are going to destroy this company through greed arrogance and self enrichment.

As far as I'm concerned they need to hand back all bonuses since 2021.

"I have seen the correspondence and appreciate your position and the lack of communications.

We have obviously this evening put out a number of documents, and now come out of a close period so better able to properly discuss issues with shareholders

Half year results

General meeting circular

Announcement re a c.£40m share placing/raise.

I am happy to schedule a call with you or answer any questions via email. Whilst I fully acknowledge the business has had a torrid few years,"

Lets have your prediction for revenue and losses for ths financial year....

My prediction is revenue of 1.15 billion and losses of 180 million.....

Rather than asking the same questions on repeat you could give some figures

As i said - trading update January 2024,literally the rns is titled trading update, whether it is 2 words or 2 pages it is a trading update.

Asos have just reaffirmed their trading is on course to keep up with guidance.

Why are boohoo hiding their update??

And at such a critical time when they have told investors they promise to update the market better.

https://www.lse.co.uk/rns/BOO/trading-update-directorate-change-akdgst66tqp9xrj.html

"boohoo group plc

("boohoo" or "the Group")

Trading Update & Directorate Change

Trading Update

boohoo (AIM: BOO), a leading online fashion group, confirms that trading remains in line with market expectations, and that it will report final results for the year ended 28 February 2024 in May."

There needs to be some kind of reality check for shareholders and management regarding debenhams...

In 4 years annual revenue for nastygal has gone from 140 million down to 24 million.... And profits of 10 million down to losses of 15 million in that time....

Debenhams has taken 4 years to gain the the revenue that nastygal has lost.... And only a profit of 3 odd million....

You see how insignificant debenhams actually is??

When throw in 17 percent revenue losses annually across the group and l60 million losses with no sign of a turn around it gets very grim indeed...

I can't believe shareholders are falling for all the pony in the recent company video..... Full of outright misinformation.

Parsnip - reardon has gone back and read h1 results properly.... He noted how atrocious they were and has been quiet since... The company is destroying shareholders.

Anyone that thinks there is anything remotely positive on a group level is away with the fairies.

H1 last year 230 million cash

H1 this year 130 million cash

H1 next year - if nothing changes we will have 30 million cash left (if revenue has fell further then all the cash could be gone)

Although we talk of cash we have to remember we are in debt.

And this talk of moving to 6 monthly reporting is just plain cr@p, they did do a trading update last year under duress and it was absolute pony.

They chop and change to what ever suits their ego on any given day.

Imagine if they leave results until may??

I thought they were open to being more transparent with us?!

People need to be honest with themselves right now

The last 4 years have been an absolute disgrace, I don't buy the fact that John Lyttle is to blame.

Mahmud has been in control this whole time amd he completely lost, what is more disgusting is that every board member and adviser has gone along with his every whim and decision, there has been no independence or governance.

Just outright money wasting and self enrichment.

The staff members are absolutely deluded also, just go and take a look at all the staff comments on the video of "Dan destined to fail finley", they are all talking about success yes debenhams is part of company on the cusp of complete failure - this is how thick people are.

Its like 99 percent of shareholders and 100 percent of the staff are wearing boohoo supplied blinkers, "just look at debenhams and for the rest"....

Absolutely mental!

If by some absolute miracle there has been an improvement in trading on a group level - not just the pumped up gmv pre returns, I'm talk GROUP REVENUE.

If the above has happened and management have chose to make their stupid little purchases and watch the sp tank rather than inform the market of an improvement, they are once again showing their true arrogance and self serving narcissistic personalities

"Why would the SP go anywhere on Tuesday pm if Kamani isn't voted off."

You mean to tell me that Frasers won't call up the mm's and tell them to drop the sp again?

For 2 years he has been controlling the sp apparently 🫨

Https://www.facebook.com/share/r/189v2gbwnU/

Voting for no change 😂