Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Spent it all on boats ‘n hoes
Dan - I was only asking for clarification. You said you base your posts on facts and also advised others to do the maths and get their calculator out…and it transpires you were out by circa 240%
The increased Capex is important when considering the current reduced cash in hand and also the growth potential. I.e I would be more concerned by reduced cash through increased depreciation and amortisation rather than Capex for efficiencies and growth.
I will listen to the call again as I missed that.
Thanks
“Capex pre US warehouse is £150m per annum and boohoo was making £150m - £200m when US was firing”
I’m sure pre-2020 the Capex was significantly lower than this. This site: https://www.marketwatch.com/investing/stock/bhhof/financials/cash-flow
Shows some metrics of Capex which suggest much lower.
There’s been a big spike due to the Soho office, acquisitions , infrastructure and automation.
Their guidance of 175m (excl. office cost) is for full year 2022. I cannot see guidance beyond this. My expectation would be a decreased spend but still above pre-pandemic levels. Obviously needed to support growth ambitions.
Any info appreciated.
The rate of growth in the U.K over the past 5 years has been phenomenal. It’s only natural that the rate of growth will slow and plateau within the next 5 years. A lot of their growth was pre-pandemic so suggesting it’s only grown due to the pandemic is incorrect. The pandemic probably caused a spike in growth which will correct in the next 12 months.
The US has been affected by deliveries and freight. This will unwind. Creating a distribution centre over there should create exponential growth over the next 5 years. I would suggest the US turnover could overtake the UK turnover in time.
A 5 billion target is achievable.
Suggesting a 60% discount is desperation is laughable. This is standard marketing protocol across the majority of retailers (not just clothing). You can often find a discounted TV at curry’s with 60% off just because it was sold at an inflated price earlier in the year.
I think the style and brand of Boohoo actually aligns better with US fashion. Pretty Little Thing is all over Instagram.
The continuous comparisons to Primark doesn’t make sense, both different operating models with room for both to thrive.
Ignore growth in US, ROW and ROE? Laughable!
To keep suggesting Boo will fail after the pandemic is a joke. Look at the decline of the high street. Top man, Burton, Debenhams. Look at the decline of Superdry or Ted Baker. All whilst BOO continued to grow.
Added more at 110. Would have been 108 if HL wasn't down for an hour.
Nuri - You seem to be trying to justify your own decision to sell and scaremongering others into doing the same. Run out of cash in 3 months? A lot of the capital expenditure has already been factored into the accounts, hence the drop in cash. In addition to the macroeconomic factors such as COVID and increased freight costs which are obviously affecting the current trading position. These factors will ease over time and BOO will continue to grow and continue to be profitable. They haven't yet started to bare the fruit of the investments and acquisitions this year.
Let's not forget they have no debt and, obviously, a positive cash position. That is few and far between these days.
They are well placed to weather this storm.
Their forward looking forecast is also factoring in the affects and headwinds associated with the current challenges. Any easing of these should help beat forecast projections.
Channel 4 news last night reported significant drops in December Shop Footfall. I think it was down circa 19% over the same period last year.
Seeking out the store manager to discuss queue lengths...brilliant! Lol
Complete nonsense.
It has held up well today and seems more resilient to overall market sentiment. 3 months ago this would have dropped 7% to 10%. I’m holding and have topped up a bit this week.
I honestly believe there is more good news in 2021 for AML than bad. 2020 was the reset. I’m hoping 2021 (and beyond) is the recovery.
C26 - I have corrected you before on sales figures. As below:
"The 345 DBX's are the wholesale figures. It's not the total figures.
The total wholesale figure was 1,555 of which 345 were DBX's. It consisted of 660 in the quarter. So DBX is just over 50%
The total retail figure was 2,752 of which the number of DBX's wasn't noted. It consisted of 982 in the quarter. AML have said that sales are roughly evenly balanced between sports and SUV. So I would assume the DBX is circa 491
This would give a total of 836 DBX's."
Pro-rata this and you're at 3,344 for 12 months but you need to consider that the first DBX quarter wasn't a full production quarter. So you could assume higher than this.
C26
Why do you continue to post inaccurate sales figures!!!?
This isn’t surprising considering some people are up 60% in a couple of weeks!
Massive sell off!
Cannot buy or sell.
Might be the start of the usual AML falling off a cliff like drop.
No. The worst case scenario is they are and also that they cannot refinance within the 5 years. As per your scenario above.
Either way, the debt and interest is a burden.
500m per year EBITDA by 2025 is a must.
I’m hoping the debt position stabilises over the next couple of years and then is able to be reduced thereafter.
Or, consolidate the share price in the short to medium term and then have another raft of capital raises funded by the ever diluted private investor to shore up the balance sheet.
The interest payments don’t stay the same.
As they pay capital off the interest payment (in value terms) also reduces.
Unless their repayment is interest only...which it isn’t.
The point made is valid though. The debt position and interest payable is difficult.
Hopefully, when the company starts to produce a profit it will be able to refinance to a more favourable interest rate.
Yep. They arguably have a closer connection with Red Bull at this time through sponsorship and advertising.
Ridiculous article but I don’t expect much else from them.
Further dilution is in the pipeline though with the Mercedes issued shares.
ShareExpert - You still got your Nio shares?
I’m up 120% now. I heard about them from you (on BooHoo chat maybe), so thank you!
c2645sg - You're incorrect.
The 345 DBX's are the wholesale figures. It's not the total figures.
The total wholesale figure was 1,555 of which 345 were DBX's. It consisted of 660 in the quarter. So DBX is just over 50%
The total retail figure was 2,752 of which the number of DBX's wasn't noted. It consisted of 982 in the quarter. AML have said that sales are roughly evenly balanced between sports and SUV. So I would assume the DBX is circa 491
This would give a total of 836 DBX's. Which is more over 2 months than 3 months.
This provides a total for of over 4,000 for 12 months.
Not too concerned about the affect on Aston Martin long term but it does mean that the dealerships in the U.K. will have to shut for a month at least. This will impact sales although they appear to have a good order book (for the DBX especially) so the blip might not impact them as much as the last lockdown.
Tacet - You’re an idiot. Delusional and obsessed with conspiracy theories.
Next you’ll be telling us the royal family are lizards.
To suggest the hospitals are empty is ludicrous. I know first hand how wrong you are. Maybe if you saw the chaos from the first wave and the mounting pressure of the second you’d be entitled to an opinion.
By all means, sit in your dark room, with only the glow of your computer screen and keep spouting David Icke nonsense. You’re easily filtered.