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Is that 5% lower than the 22% BOE inflation forecast.....whoopee doo
Energy costs 100% increase on last year , inflation will still run at 10%+ and BOE reckons at least 15 month recession.....so consumers still under the cosh.
High street has already died, just stragglers left...my wife went into bournemouth at the weekend to buy a handbag, she couldnt find a single shop that sold them.
Squeeze on margins
But was a good opportunity for the wise to exit
Why do you think he is scrambling to reassure the markets...duh
Kwartang ' scrambling to reassure market'
https://www.dailymail.co.uk/news/article-11180643/Liz-Truss-mulls-100BILLION-package-freeze-energy-bills.html
With UK debt to gdp at 100% letting the printing presses loose may not be the best way forward.....a run on a currency isnt pretty
This is still the phoney war pre recession....it could get very very ugly for BOO
Fast fashion such as boo gets worn five times before being disposed of....do you really think that wastefulness will continue in a fierce recession when youngsters will have so much less money
Wasnt she described as Mad Bad and Dangerous.....i think the market would have preferred Sunak
Doesnt help that online retailers like asos and boo cant turn a profit and we are not even in the recession yet.....how low will they go when things get really bad?
Take the liquidation value of BOO's assets and that is the value underpinning the share price, not the inflated £500m oft quoted
Boo needs to deliver actual tangible improvement on the next update....all this jam tommorow wont cut it anymore. They have to justify a £500 million market cap or it will just keep falling imho
The 40s havent lasted long, makes you wonder where the bottom is.....i still recon £150m or 14p is as good a guess as any
Currently at a modest 10.4% but rocketing energy costs set to close a swathe of small business. With an undoubted impact on BOO target market .
Ajones...that is the likely choice of current management as it retains value for them so no doubt they would drive for it. You would have to get the bondholders on board and raise the finance to keep the wheels turning round in the short medium term....am sure the motivation is there....probably the current sp will reflect which option is winning over the coming weeks
Or they could come up with option 3
You dont have 200 billion shares you consolidate
You may not like it but its an option.....another option would be to canvas potential buyers to get a ballpark potential purchase price for a debt free operation.....then go back to the bond holders and get them to haircut the debt down to that valuation....sell the company, pay of the bond holders but sadly existing shareholders get nothing at all i am afraid.....although an option this one would probably leave the bondholders holding new replacement debt as highly unlikely a cash buyer is lurking in the undergrowth although who knows if Disney would be interest....obviously the more interest the less of a haircut for bondholders.