Member Info for The.Crowman

Got to be in the top five.

Never ceases to stay on message despite the reality.

Masterclass in delusion.

Please NOFEAR bore off with your endless prattle. If it is just to pass the day have you considered getting a job or volunteering?

In the mean time as per usual I have scalped a fairly easy 6% net between yesterday and today whilst you have droned on and on. God it must suck being you.

"But that's not going to fool NoFear."

Oh the irony. Thanks for that one, made my morning.

Anything north of 50p would be considered a win with me.

So PE if your thinking of an opportunistic bid 50p is the floor. I suspect 50p or a tad more would win the day from the big holders.

Might happen - its got all the ingredients but FWIW I have thought that since we entered the teens.

The cars are being oversupplied into the market and will need reductions to shift. Its really that simple.

The cars themselves are probably the best vehicles AML have ever offered but the demand is simply not there at the price, sadly I think the whole 'new' line up has fizzled out as buyers have got up close and realised that engines aside the cars are pretty much exactly the same.

I even came to forgive the DB11 dash board as I compared the two - quite radical in its swoops and curves, the new one looked like it had been lifted from a Conti GT. Not a bad thing but not a compelling reason to swap out your current AML.

Traditional 2.4 kids Lols.

The indigenous pop are having sub 1.4 kids and that number does not reflect the white benefit breeders.

The BAME pop - read asian are having typically 5-7 kids. Hence them leveraging Labour to lift the benefit two child cap. Race replacement needs cash. We are stupid enough to hand it over.

All the clues are there..... CPI is now a screaming buy.

When will the sp reflect this fact though?

"There's a full on sector recovery coming.... Boo....asos....revb.....thg.... "

OMG That is some line up. I pray for you.

@South - Remeber me when you lose the lot here. Do not say you were not warned.

#Sorryforyourloss

Boohoo puts £72m London office up for sale amid turnaround struggles

Retailer willing to offload Soho base at £12m loss as it battles to shore up balance sheet

Pui-Guan Man 7 August 2024 • 4:23pm

2

Boohoo's office at 10 Great Pulteney Street in London

Boohoo's office at 10 Great Pulteney Street in London is up for sale just three years after the company bought the premises Credit: loopnet

Fast fashion retailer Boohoo is seeking to offload its office in London’s Soho as it battles to shore up its balance sheet.

The troubled retailer has been looking for offers of around £60m for its base in the capital, according to market sources, just three years after splashing £72m on the building.

It is understood that any deal will include a sale-and-leaseback agreement in which Boohoo will occupy the premises at 10 Great Pulteney Street for up to five years.

Boohoo first bought the six-storey office building in 2021 as part of its rapid expansion, snapping up 43,963 sq ft of office space to house its growing stable of brands.

This followed deals for stricken department store chain Debenhams and former Arcadia brands Burton, Dorothy Perkins and Wallis.

Other labels it had picked up in the preceding years included Karen Millen, Oasis and Coast.

Details of the proposed office sale, first reported by Drapers, have emerged as Boohoo faces questions over its ability to meet looming debt repayments.

It has currently a £325m unsecured overdraft, which it is required to repay during the course of the next 18 months.

A £75m slice of that sum is due next year after lenders refused to extend the deadline. The remaining £250m needs to be repaid by 2026.

This is against the backdrop of mounting losses, which rose to £160m in the 12 months to February, compared to £91m the previous year.

Turnover also fell by 17pc to around £1.5bn, while the business swung from a positive cash position of £6m to £95m of net debt.

Boohoo’s slump in sales has led to its share price falling to less than 29p, less than one tenth of its peak in 2020.

This has left Boohoo nursing a drastic drop in its overall value, as the company is now worth just over £350m. That is compared to more than £5bn during Covid.

During its most recent full-year results, chief executive John Lyttle blamed Boohoo’s problems on “difficult market conditions”, adding that the business had been hit by “high levels of inflation and weakened consumer demand”.

Delusional response Happy.

The ship is sinking.

Capita cuts jobs and annual revenue forecast

Outsourcer returns to profit, but investors take fright at revenue figures

new

Emma Taggart

Friday August 02 2024, 4.00pm BST, The Times

Adolfo Hernandez says he has spent six months working with staff on making the company more competitive

Adolfo Hernandez says he has spent six months working with staff on making the company more competitive

LUCY YOUNG FOR THE TIMES

A reduced forecast for annual revenue has taken the shine off a return to profit at Capita.

Shares in Capita fell by more than a tenth in afternoon trading, despite the outsourcer reporting pre-tax profits of £60 million for the first half of 2024, reversing a £67.9 million pre-tax loss during the same period last year.

Capita, which is immersed in a cost-cutting programme, said it expected to suffer a percentage reduction in revenue for the 2024 financial year in the low-to-mid single-digits, although operating margins are forecast to improve as costs are trimmed.

• Meet the yachtsman who’s helming Capita’s troubled ship

It said it was on track to implement a cost reduction programme of £160 million by June 2025. The company began cutting costs at the end of last year, which is estimated to have resulted in about 900 job losses. It said that the cost-cutting measures would help to increase its adjusted operating margin, which during the first six months of the year grew from 3.1 per cent to 4.5 per cent.

Revenues fell to £1.2 billion for the six months to the end of June, down from £1.3 billion in the first half of 2023. The company said the dip had been been caused by previously announced contract losses.

Adolfo Hernandez, 54, Capita’s chief executive, said: “In my first six months I have been working with colleagues to identify and action many initiatives that will make Capita a better company. We are implementing changes that will make us more competitive and will drive growth by becoming more efficient and spending less, digitising our offerings and leveraging technology partnerships.”

The overall value of contracts won by Capita during the period declined to £934.4 million, down from £1.3 billion the previous year. The outsourcer blamed lower bidding activity.

However, Capita’s contract win rate in the first half of the year also fell, from 63 per cent to 43 per cent, which the company said was a result of it ensuring that “contracts are bid at an appropriate margin in line with the group’s medium-term operating margin target”.

Shares in Capita were down by 2¼p, or 11.5 per cent, at 17p in afternoon trading.

@Son of' - They are not for everyone but to my eyes its a G Wagon at half the cost. Possibly better engineered than the G. Dash and roof appeal to my younger self and the drive I was perectly happy with - very solid.

LR - The form book is the problem - always going wrong. Perhaps the later Slovakian cars will prove to be the exceptions. I concede they are a better drive than the Grenadier but thats the same for all the lightweight off roaders.

"ps ‘i went to look at a ineos grenadier last week.’ i’d keep that to yourself. seemed like a good concept but oh my days what a crock. and a french built one at that. go have a look at nice new slovakian built defender. 😉"

The Grenadier is pretty impressive bit of kit if you have taken a close look.

The new dealership makes sense - Brum is choked with flash Asians who cannot drive but need to clean up some money via the 'car hire' biz. It will become a Mecca for em'.

I have him on filter.

Its a duster for today as far as I am concerned - of out its Friday. Not the one I had hoped for though. We will back to the pre sale numbers at this rate.

The 'sell' was revised Vantage and DB12 making them sooooo much more desirable.

Truth be told DB11 looks better from the front than DB12, I had a gentle gawp at them and I could hardly tell what was old stock and new until I peered in and saw the dash.

At best the 'new' range was a modest nip and tuck in truth dash aside they are virtually identical cars. Not a compelling reason to swap out IMO.

Might yet end up all square - possibly up.

Totally comfortable with my holding here after todays RNS. Now its more about when to sell or reduce. 40p is my starting point no less.

GLA.

Not much is rising today - AML included.

The mother of all profit warnings is coming down the tracks here and yet no one wants to see it.

Everything has been about raising the price of the cars and yet to shift metal the prices need to come down, that or stop production which will be ruinous. The demand curve is all out of whack here.

Geely I think this will be yours within 18 months.

Back under water - not expected after these results. Not at all.

Hey ho its only money.

Lots of unregistered Astons at dealer near Birmingham when I went to look at a Ineos Grenadier last week.

Very shabby main agent - used to be Mercedes used cheapo site in the sticks at Hampton in Arden. lovely looking cars but I suspect the pricing is making them very hard to shift.

Nice looking product DBX aside but not selling as they need to, company starting to drown in debt with a pathological liar at the helm and peeps on here give CG a hard time for telling it like it is!

This BB has the makings of a Cult.