Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Despite the profit and sales drop, there are early signs of recovery at the business including a positive trend in the performance of its core brands: Boohoo, BoohooMan, PrettyLittleThing, Karen Millen and the Debenhams marketplace.
Adjusted EBITDA margin rose from 3.6% in 2023 to 4%. CEO John Lyttle attributed the improvement to the automation of its Sheffield warehouse and the traction of Debenhams marketplace, which has onboarded more than 3,500 brands across fashion, beauty and home.
The company said it remains on track to deliver annualised cost savings of £125m across cost of goods, supply chain and overheads in FY25.
John Stevenson, analyst at investment bank Peel Hunt, said: “What Boohoo has been doing in the last 12 months is controlling the controllable [including] working on cost-savings and focusing on margin recovery, which are coming through.
“You can see success when you look behind the details of the numbers. Debenhams has been building quickly both in terms of the scale of the platform and the level of revenue. ”
Looking ahead, Boohoo Group is targeting GMV [general merchandise value] growth and continued improvements in adjusted EBITDA margin.
Stevenson said: “Trading is still tough but I think the momentum has improved. It’s all eyes on where we get to as the year goes on but there will be an expectations that we start to see signs of growth coming towards autumn.”
SCB - I don't know to be honest but there is only one SNG.L I think. Pedro was another nasty piece of work. I green boxed him ages ago but I keep DayTrade open as he makes me laugh and also he lies about me so I need to fight back occasionally. He must be so devastated that BOO ended up on the day.
I'm waiting for sub 400 for another smash and grab trade here. Worked well in the past.
DayTrade you really don't get it do you? You said SELL on Mears @152p. They are now 390p. Do you get my point?
As you seem to love trawling back years let's remind ourselves of your rampy SNG purchase ...
"Happy with my initial purchase of SNG at £0.70p from a while back, and Friday mornings top up at £1.60 putting in a further sterling performance today"
Today's SP on SNG is £0.0576p. Are you in profit yet ? Still waiting for the divvies ? Let me guess, you sold at the high point but forgot to post it yeah ? LOL
Aw, DayTrade you used to give opinions. You said it was worth selling (Mears) MER at 152p didn't you? They're now at 390p. You tried bashing those Mears shares but they kept on rising. Then, you ran away from that board didn't you? I know you're always right so it would be funny to see if you still had an opinion on BOO. In fact back in August last year Scott1k said "Could be worse , boohoo, 20p soon" then DayTradeNovice said a few hours later "Your not wrong there Scott1 lol". So you see, you used to have opinions. Do you still think 20p is likely ? Please enlighten us all.
But DayTrade - you are ducking MY question. Just wondering- are you recommending a SELL here at BOO at 34p? You keep posting negative bile here 200 times every month (including at 4am in the morning) so I thought you'd want the chance to give us all the benefit of your wisdom. So is it a SELL @34p in your opinion ? I'd like to know because you are always right.
Daytrade- your infallible lack of self awareness is staggering. How many entered your guess the closing SP game? I counted one - not even your aliases were bothered. Now, do you still think Mears at 152p is a SELL as per your recommendation? Mears are at 390p since you predicted their demise. Just wondering- are you recommending a SELL here at BOO at 34p?
“Group expects to generate positive free cash flow in FY25“
On balance very encouraging results 👏 👏
Ignore the trolls.
💥 Boom 💥
Send in the 🤡 DayTroll
Https://uk.finance.yahoo.com/news/1-summer-ticket-fares-rise-135220480.html
Seems Mikey forced to announced that he's made yet another mistake with his predictions. SP fell 6% and below 19€ now. That's below the high of August 2017 of 19.3€. With 7 years of inflation and no dividends this means shareholders of RYA have suffered badly, unless they were fortunate to get in at the lows and sell at the highs. With summer strikes expected, the SP could be heading for further falls.
DayTrade
Still waiting for you to answer.
Do you still think it was worth selling (Mears) MER at 152p as per your recommendation? They're now at 369p. You tried bashing those Mears shares but they kept on rising. I know you're always right so it would be funny to see how you defend this recommendation. Just answer the question please.
DayTroll,
Do you still think it was worth selling (Mears) MER at 152p as per your recommendation? They're now at 369p. You tried bashing those Mears shares but they kept on rising. I know you're always right so it would be funny to see how you defend this recommendation.
DayTroll, one more braincell and you'd be called a pigeon.
He can’t stop thinking about me - I’m living in his head 24/7.Poor 🤡 still hasn’t worked out why RIs affect the SP. DayTroll attracts clots like him. BTW I’m expecting strikes this summer ! You heard it here first.
Strong update from SKG today
It is a criminal offence to upload intimate photos of a person without their permission to a public forum. I believe he's done it a few times too. He should be permanently banned (like sage) IMHO and the incident reported to the police.
Added 20,000 at just under 34. Fingers crossed!
Good recovery here SP back up to 354 as markets consider the benefits of the deal on offer
Not a fan of buybacks. Shows the company has run out of ideas and rather than investing in growing the company they are trying to just grow the SP. I’d prefer a decent dividend rise which in turn would boost the SP. Having said that the market response to the Trading update is promising and reverses the recent downward trend.
It came out about an hour ago which caused a sharp sell off here to 329p. Figures from IP don’t look great at all.