Member Info for southcoastbather

Both myself and hexam have pointed out to you several times that slide 40 is incorrect

They show..

q1 as minis 30.9 percent

Q2 as minus 24.1 percent

Where as h1 results show a gmv decline of 23 percent (the highest decline to date)

Do you see the problem there lad?

I think there has been a few one offs that have culminated to make h1 profitability and cash flow look better than they can realistically sustain, the lease money and the binning of staff on mass

For me chasing "profitable sale" has been an excuse for a company that simply doesn't know how to reverse their fortunes, they have been telling us this same line for years now meanwhile making huge losses.

The hiding of plt just highlights further how inept they really are, doing a huge rebrand telling the market that plt will be bigger than ever, then 6 months later its up for sale as youth brands are tanking at a rate of 41 percent compared to h1 last year.

The problem is the results won't be out until end of the summer no doubt

I also suspect the accelerated revenue loss on youth brands has been down to management spending less on advertising etc.... To try and fluff up the loss numbers a bit..

And still bf can't put a set of numbers together to back up his "go find it your self rhetoric".

Hexam as far as I can see it all metrics have worsened apart from the loss figure, gmv/revenue/gross profit have all hit the wrost ever decline in percentage and pounds. And that is with them hiding the plt numbers - if plt was included then revenue and gross profit declines would be over 30 percent.

The real world loss for h1 stands at 50 million quid and h2 is likely to be far larger unless they manage a tail wind from the sale of plt or another building within 7 weeks?

The loss figure only improved because last year was absolutely off the chart and embarrassing at 350 million quid

So in the real world we still have a business losing revenue at a rate of 30 percent and making losses of over 100 million with no sign of a halt in revenue losses.

Also debenhams has gone from 10k brands to 20k meanwhile the gmv growth has slowed from 33 percent to around 20 percent - that tells me that the brands that are listed have seen a decline in their own sales on debenhams

Unless you see it different? Happy to hear others views on the numbers

Post the improved numbers then??

Including plt of course as they will be in this years accounts when filed on companies house.

Good for you!!

I'm just posting numbers and figures from accounts.... If they hurt you for some reason don't read them.

Profit making territory? Absolute nonsense.

Lets compare asos with debs them...

Asos revenue decline of 12 percent and positive fcf

Debs revenue decline 23 percent and negative fcf

Then compare asos with youth brands and thats where the real problem lies....

Youth brand revenue down 41 percent!

Whats improving?

Feel free to add the number that are improving....

6 months to August 22

Revenue -10%

Gross p. - 13%

---------

Full year to feb 23

Revenue -11%

Gross p - 14%

------------

6 months to August 23

Revenue -17%

Gross p. -16%

---------

Full year to feb 24

Gmv -13%

Revenue -17%

Gross p. - 16%

----------

6 months to August 24

Gmv -7%

Revenue -15%

Gross p -19.2%

---------

Full year ending feb 25

Gmv -10%

Revenue -17%

Gross p - 18%

------------

6 months to August 25

Gmv -19%

Revenue -23%

Gross p -24%

Which improving trend is that?

Or will we just get a silly response with the usual awkward "lol" when you are stumped.

Yes next has been used many times as good comparison on how the uk retail sector is performing.

I posed the question to management when I attended the agm.

Since then the performance has worsened by a long way.

If next are growing at a rate of 10 percent or 600 million pounds a year, why are youth brands currently falling 41 percent or over 300 million pounds?

Its like postere here are reading some secret trading update that has different figures to the official accounts.

All those next numbers prove once again is that everyone is eating boohoos lunch.

Christmas trading updates were always small and a few days before xmas.

Last 6 months update showed an acceleration in revenue and gmv declines, also gross profit declined heavily.... That's without taking into account the disaster known as plt.... Full year will be a disaster.

6 months to August 24

Gmv -7%

Revenue -15%

Gross p -19.2%

---------

Full year ending feb 25

Gmv -10%

Revenue -17%

Gross p - 18%

------------

6 months to August 25

Gmv -19%

Revenue -23%

Gross p -24%

Percy has certainly seen a lot in the 6 months he/she has been a member...

Right so debs are allegedly selling plt but now they should buy other failing brands according (you think they might even be waiting to do this) to you but I'm the one that lacks foresight....

So are there other people waiting for plt to collapse into administration then before buying it?

"New Look and River Island make losses. Perhaps the BOD are waiting for them to go bankrupt to buy them out cheap like they did with Debenhams."

Great lets buy a load of other failing brands while the likes of boohoo and plt are absolutely dying themselves....

I must have missed the massive cash pile boohoo have....

Just bonkers.

" Dan has already stated they are on course for £50m profit this year."

Still waiting on this to be clarified

Name one bit of guidance the company has hit in the last 5 years.... They have fantastically missed every single bit of guidance.

You mean where he states ADJUSTED EBITDA?

Can you show me where Dan is forecasting 50 million profit?

Wait - is this a serious conversation?

Are none of you aware the company is now ditching its work force and distribution centres? Does a company expecting huge growth do this?

Debenhams Group are on target to see REVENUE of 850 - 900 million this coming year including plt, a decline from 1.24 billion last year.

What planet are you all on?

So debenhams group is going to go from a loss to a billion PROFIT in 5 years?

Have you lost your mind?