Member Info for southcoastbather

Yes it was and in context with the subject.

Lenders squeeze Boohoo finances as sales fall

Attempt to extend £325m debt repayment deadline rejected in blow to fashion retailer

https://www.telegraph.co.uk/business/2024/01/31/lenders-squeeze-boohoo-finances-sales-fall/

So apparently they were trying to extend the repayment date because everything was rosey then yeh.....

In the real world 75 of the 325 million was refused, then then sold a property below market value and also initiated an emergency placing to pay off a 100 million of dept..... Then recently they extended it again by 50 million with a new total of 175 million at pay day loan interest rates, so yes they have increased their debt recently...

Have no fear debenhams market place will be growing at 5 percent while everything else is tanking revenue wise, and brands are profitable on an adjusted ebitda basis apparently.

He conveniently forgets that lenders refused tp extend their repayment date leaving the company up ahlt creak....

70 million property that had 10s of millions spent refurbishing it sold for 60 million, then fepp through and was sold for 50 million.... That's fire sale.

Who here would sell their 600k house for 500k if a sale at 600 fell through??? Yeh nobody would even if you were absolutely desperate...

Fire sale.

Orchestrated rights issue?

Well that wouldn't work would it as all shareholders would get an opportunity.

What evidence do I have to prove the company will run of current funds? Is this a parody account?

Revenue falling for 4 straight years

Losses growing for 4 straight years

Properties being sold at fire sale prices to pay of debt

Emergency placings to pay down debt

Debt being further increased after being paid down

Management failing to give guidance for current trading other than "all brands are trading profitably on an adjusted ebitda basis". Lets not mention that ebitda and profit are 2 different things.

Stitching custs up on refunds to try and keep cash in the business

Contacting suppliers begging them to increase supplies without paying for them

Chief financial officer bailing out

Delayed full year results in order to get a new finance deal and ridiculous interest rates

All of the above tells me the company revenue is still falling and losses are therefore growing further.

Roll on h1!! That will make you feel sick when it comes out.

How many followers have the other brands and labels lost in the same time period?

"The theory that mgmt are purposely working this company into financial distress in order to steal company is tin-foil hat brigade."

Even if people are naive enough to believe that this doesn't happen on the markets, it cannot be ignored how many companies hit hard financial trouble and in order to finance the business they shaft private holders and take the equity out of private holders hands only for the business to return to growth and profitability for the new equity holders.

At the current rate boohoo will run out of money - that is far more accurate than to just say it won't fail.

Regarding bricks and mortar - they are still struggling if they haven't adapted to the hybrid model... Bricks and mortar is not back in favour but rather the results of being a hybrid model and getting with the times. I said a very long time ago that m&s product range has drastically changed - gonand have a look in m&s or sainsbury etc and you will see their offerings are on the money.

Just wait until h1 drops - even more so wait for the guidance for the rest of the year.

Nothing special just a 12 percent drop for debs - says to me that growth has stalled and stopped.

.

Lest we forget that the sale of plt was at advanced stages. ... Hmmm

Yes mt it was obvious they would legally have to issue the refunds or they could end up in trouble with the payment providers

"I just seen the full One Show segment and the customers in this case purchased hundreds of pounds of goods knowing they'll send most of it back"

That is online shopping in a nutshell - its is the business model and always will be.

What they are doing is killing off their own loyal customer base time and time again with different issues.

If it wasn't an issue it wouldn't have made national tv.

Imagine being stuck with hundreds of pounds worth of vouchers for junk you don't want.

The refund scandal hits nationwide tv and the legal chat expert claims

"If you look at trustpilot customers certainly aren't complaining in droves about it."

All online sports direct purchases are refunded in CASH by default as per the law.

All sports direct purchases are refund in CASH by default as per the law.

Obviously blissfully unaware of the difference in law for shop bought items vs online.

I've always wondered what drives someone to demands an apology...

A person who constantly demands apologies might be a high-conflict person who lacks self-reflection and has a strong need for control, a narcissist who cannot admit fault, or someone with a manipulative personality who uses demands for apologies to gain attention or control. The behavior can also stem from insecurity or emotional distress

How come kamanis salary is still lisyed as the same figure as kane for this current year? Considering said figure was notable smaller than kanes last year....

Being fleeced and you don't even know it...

Annual report pages 105 to 107.

Https://www.retailgazette.co.uk/blog/2025/10/topman-new-york-jets/

Topman joins forces with New York Jets with new collection