Member Info for southcoastbather

Reardon - I can't believe how they think debenhams will carry the whole group forward....

Imagine thinking you have cracked it with debenhams only for the the rest of the company to fail the whole group...

Part of me thinks they're building debenhams as big as they can before the whole thing goes bang, then they will fight to get it from administrators.

If the sp goes into results around mid 400s and then that record conversation rate proves fruitful, we could be off to the races.

You have to feel somewhat tickled by that debenhams speech....

From administration to a profit of 3.27 million

(Id hazard a guess that the group has pumped in excess of 50 plus million on top of the 55 million purchase price)

Meanwhile the group lost 160 million quid in the same financial year

The group has also spent 480 million of cash

The group has gone into debt

The group revenue has gone from 2 billion down to 1.2 billion

The usa revenue has more than halved

The sp has gone from 430 down to 30 odd pence

The management have all creamed bonuses

But its ok everyone, when debenhams gets to a gmv of 26 billion we will be making 90 plus million profit - the same as what the group was already making 4 years ago before management completely knackered the company.

Debenhams from administration to profit meanwhile Boohoo group from profit to administration

Well, boohoo haven't been honest about it really, they shut the disaster of a usa distribution centre, but they still have far to much capacity in their uk distribution centres and staff numbers are off the chart.

Asos have been quicker to act in all honesty

As far as i read it, the founder who has destroyed the company is willing to lend the company 1 million pounds subject to the other creditors agreeing to this loan.

He is how only doing this to allow him to sit above other shareholders when this goes into administration, he wants a seat at the creditors table to gain him access to assets.

There is something very dodgy going on here with all the insider buying - they made 100s millions at ipo and are now snapping up the company for 100s thousands.. Are they trying to cover something up?

All the insider buying would make one think its worth a punt but everything else points to imminent complete failure.

They are mothballing the site, i.e with the idea of using it again when growth returns... No point letting it out on a long term let.... At the flick of a switch asos can open the site back up.

They spent 3 years comparing revenue growth to pre covid levels - all of a sudden that would show zero when compared this year... Thankfully they have stopped pulling that stunt

Fed - don't forget the hiring of JL - what has that mistake cost? 4.1 billion? 😭

I think the usd and London vanity project can comfortably come it at far higher figures than listed

Yes misguided was bought for 20 million, with revenues of approximately 300 million quid, revenues that had been growing year on year.

Nastygal has revenues of 26 million right now and losses of 10 million, having revenue fall from 140 million over 3 - 4 years leading up to this.

Nastygal is now doing less than half the revenue it was when boohoo acquired it in 2017 for 20 million dollars - its a shambles, paid 20 million dollars for it, spent loads of group money growing the business for it now to be worth 5 million dollars (if we're lucky) and giving us 10 million quid losses!! ... It's just ridiculous.

Its nothing to do with resources, we have more than enough staff and more than enough distribution. They simply do not now how to turn any of the brands around, losses on top of losses in every department.

They have basically knackered every part of the company to try and make debenhams a success.

If you think things are going well, you have serious problems..... This year is about to show further revenue decline to 1.2 billion (previous high 2 billion) and losses of god only knows - 160 plus??

Recently started investing after allowing revenue to fall from 140 million down to 24 million....

Sometimes you have to call it what it is bf - what they did to nastygal is disgusting and shows a complete lack of business acumen.

We'd be lucky if nastygal is worth a couple of million quid with annual losses of 10 million.

I dread to think the value of nastygal.....

2021 140m revenue and 5 million profit

2024 24m revenue and 10 million losses

As a comparison, quiz as a company is losing similar this year (8?million) but has 80 million of revenue, the mcap for quiz stands at under a million quid. ..

Boohoo groups good brands are being consumed by all the non profitable junk.

Im concerned every other other brand has become a sacrificial lamb for debenhams....

Debenhams is littered with boohoo and plt clothing....

Where do the numbers sit when say 100 quids worth of boohoo clothing is sold on debenhams for instance?

Are we/boohoo giving debenhams the same cut as other users of the market place model?

Lets hope Boohoo's strategic review is better than quiz..

"Despite the steps taken, since announcing the Strategic Review, the Group has continued to experience a decline in customer traffic both online and in store compared to the same period in the prior year, with a notable decline in traffic and footfall in November, which is a key period for retailers. The Board expects that trading will continue to prove challenging for the sector throughout the 2025 calendar year with continuing macro-economic headwinds from the continuation of the cost of living crisis, the ongoing impact of high business rates, above inflation increases to other costs, low consumer confidence and the impact of the increase to the National Living Wage and Employer's National Insurance arrangements."

Online: sales have been impacted by lower levels of traffic to QUIZ's own website reflecting subdued consumer demand for the brand, partly offset by the benefit of commencing sales through the Debenhams website earlier in the year.

Revb - just another waste of of money and time...

Mahmud bought in revb early at a ridiculously high price then used Boohoo's money to try and support the share price when it tanked.... They have since watched the value of their investment in revb drop nearly 30 million.

Did anyone notice how they didn't bother to talk about revb at all in h1 results???

Pretty sure they still have it listed in h1 as being worth 28 million.... They they're telling a porky there 🤗

"London-based etailer Asos recorded its best conversion rate for Black Friday of more than 9%, chief of staff and strategy Michelle Wilson told Drapers."

Maybe this trend is continuing....

Yup the high street is heavily back into its downhill trend after a little post covid love affair...

Seeing this happening in front of our eyes and watching boohoo shrink year after year is absolutely infuriating.... Why are they missing all of this trade?!

Get their bloody act together and make us some money!!

"At the current time the business doesn't need cash as it has an RCF until mid 2026"

This may come as a shock you, but the current "cash" will not last us until 2026 without major restructuring - we actually have a worsened "cash" position due to the company only being offered 225 million credit facility as apposed to the original 325 rcf (although the property sale and cash raise via dilution has left us with 125 of the 225, we are 100 million lower on "cash" as a result. Meanwhile the company is still Hemorrhaging cash yearly with losses.

"Let's not forget the raise was done at a slight premium to the market price."

The raise was done at 31p, the lower end of the last 2 year price range, over the last 2 years the sp has spent more time in the mid to high 30s and even low 40s. The kamanis have taken over 500 million in cash off shareholders since ipo, and they also printed 3 percent of the company shares to give to Umer (which by your theory he sold at the highs and then bought back at the recent lows, which doesn't exactly show his belief in the company). Hardly worth getting excited when they decide to put 15 million back in and don't even buy on the open market. (the market certainly didn't get excited)

"I'm surprised Kamani didn't use Ashley's tame brokers. Then he could have bought 4% on the QT whilst the SP fell 20% as Ashley did in January this year"

I can't believe anyone is stupid enough to think that Mike Ashley has been able to control the whole stock market in order to buy shares.

Had it not been for frasers then the boohoo share price would probably have ended up under 15p - the kamanis certainly weren't going to support it were they now?! When they want shares they just do a dirty placing so as not to pump the share price up "value for all shareholders" my arssse! Name me a long term holder that still holds shares in boohoo that has made money other than someone with the last names kamani or kane?

For anyone that doesn't understand how mike has been able to to buy so many shares at 30 odd pence you just need to look at the company performance, its not magic but rather common sense!

When mike started buying the sp was in the 30s, at this point revenue was 1.7 billion and losses were 90 million

Then the following year mike was still buying in the 30s, at this point the revenue was 1.4 odd billion and losses were 160 million...

This year mike has still been buying in the 30s, revenue for this year is going to be 1.2 billion and losses potentially even bigger than 160 million...

Mike has been underwriting the share price here for a long while now - thank god he has because i dread to think where it would be if he hadn't!! (meanwhile the kamanis were taking bonuses!!! Absolutely insanity.)

Then again it's just manipulation all day every day according to you.

Correct BF - the very short term part of the loan has been paid off, they diluted us 10 percent to raise funds for a payment date they said was due this December, then sold the property to pay the remainder due by August....

As I said before, I think the placing was just a cheap way for the family to get some shares rather than buying on the open market - unless someone can point me to the terms that said there was a payment due in December?

The business needs cash, the recent restructure of finances/debt reduced the amount available and also reduced the payment deadline... 100 million of it being due by August

The company position is getting worse every single day, and will continue to get worse until the company at least breaks even.. With shrinking revenue and growing losses though its hard to see when this will be.

One thing for sure is the company has close to 2000 excess staff costing some 60 to 80 million quid.

What loss are people expecting for this current year? Im seeing 150 plus being revealed in full year results