Member Info for southcoastbather

"Yes. CWWX. It's good to see you actually contributing something to a debate for once rather than six year old tantrums and fantasy conspiracies."

No, this is not a debate, all uk listed companies have to follow uk listed rules, so no they are not subject to less or more onerous rules as you stated.

If they were subject to jersey rules then company secretary would have told you the deadline was sept (7 months according to Jersey rules) and not August.

Unless she doesn't know the actual rules herself? But I'm sure she would consult the company legal team before sending out an email.

There is no debate with this, the same as there was no debate with the 100 million loss for the usdc, the same as there was no debate on the roughly 250 capex that you denied and then spent 2 days twisting.

Hexam is actually giving you all the correct information on accounting but you still choose to use your own made up twiddle amd twaddle.

Shame these clowns are incapable...

"Bfd, your post yesterday that Boo was subject to less strict Jersey company law, was correct and smart. Maybe too smart."

Except it was wrong, if boohoo was in fact bound by jersey law then it would not need to post its accounts by the end of August, it would actually be due to post the accounts by sept instead.

So since the company secretary has confirmed it's August obligation it would seem the company is bound by the UK listing rules. The same as all other uk stock market listed companies, whether they are registered in jersey or fairyland.

Annual accounts must be prepared within seven months of the end of the company's financial year for a public company, and ten months of the end of the company's financial year for a private company.

https://www.jerseyfsc.org/registry/register-or-make-a-change/about-companies/#:~:text=Annual%20accounts%20must%20be%20prepared,year%20for%20a%20private%20company.

I hope we will have the end of year results and notice of agm delivered on around 10th August.... The sooner those idiots can be ousted the better!!

"The fast-fashion brand, known for its connection to popular reality TV show Love Island, was sold to Mr Ashley’s Frasers Group for £1 in 2022, when Jalal Kamani stood down as a director at the company."...

Little bit of history there....

Fed i can guarantee you that every major decision has not been made by John....

It's a one man show with lackys..

And it's amazing what you can find out at an agm by speaking to people, especially the nomads who are never the sharpest tools in the box.

Fed i would not be surprised if debs revenue has fell flat for h1 this year.

I genuinely don't think they know what to do, they are sat watching the live feeds day in day out and the numbers just aren't growing....

Bang on.

"We don’t need to roll over because another minority shareholder who admittedly founded the business, uses a plc like his personal bank account."

Ok lets make it simple

4 years ago the company had plus 500 million cash

Now it has minus 100 million cash

And it is still running negative on cash

6 months ago youth brands revenue was declining at 21 percent (250 million for the year)

Debs revenue was growing at 10 percent (20 million for the year)

What could possibly have changed in 6 months?

Not a bloody lot!

Actually Northern there were a few advisers recommending to go into bricks and mortar rather than a usdc.... That idea got shot down by the big man.... Imagine if they had gone into bricks and mortar with 350 million cash in the bank.

If you're struggling you could always just look at the numbers on your door mans badge to help you out.... 🚪😂

So put your estimate for the loss up then bf

Had they not have leased the usdc out it would have cost us even more than 100 million, all that leasing it out did was stop the losses at 100 million.

"The reason for mentioning EBITDA is equally simple so I'm surprised you don't get it. The interim results, which I copied talked about a hit in half one and then a positive contribution to EBITDA from the USDC in half two. Presumably because we are now receiving a rental income."

Are you sure they are not highlighting the fact that it is far cheaper to fulfil the order from the uk due to the American market being so small that the cost per item to use a usdc was astronomical?

" Thank you for clarifying though. £90m offset against future tax for an asset we still hold the lease on and are receiving an income on slightly sweetens the Bitter pill that is the USDC"

No bf, the usdc failure has cost us 100 million quid, its not some kind of forward looking tax saving scheme. It's a complete and utter fkup.

"Oh and southcoast in your comparison between FY24 and FY25 you have ignored the massive savings made in standard admin and distribution costs."

Im all ears for the massive figure?

Lest we forget that revenue declined 200 million in the year and, youth brands decline accelerated in the second half of the year....

Why is the cfo leaving?? Highly rated by Mahmud apparently....

How many managers have left??

Director resignations??

Umar won't even take employment....

Sp at record lows yet you think it all hunky dory in the background.... THE SHARE PRICE NEVER LIES.

So neil has gone from not know the most recent full year revenue, to having a bit more knowledge about the business in the space of half hour... That's some fast researching while busy at work.

You see hexam, what bf was trying to do was confuse the actual hit of 100 million with some mumbo jumbo about the margin.

I feel we have a similar situation to the "boohoo have never spent 250 million quid on capex".....

The hit from the usdc is just over 100 million.

I mean its literally in the year end update that revenue was around 1.2 billion so not to sure what the debate is.

If you're asking a forecast for the current year whuch we are 6 months into already, without a single bit of news then I'd say we will be lucky to see 1.05 billion revenue.

I think you're just being a nause though tbh.

Probably a lot easier to just post what you think the loss will.be and why.

The font of all knowledge bf is incapable of stomaching putting a guesstimate for the loss for the last 12 months. Although he does expect positive fcf which to me is lunacy.