Member Info for WolfofWarks

PeePer - you’re the king of general comments which you’ve nearly always copied from the work of others. You may well read a lot but you rarely ever understand it but repeat it over and over again. But I’m the lazy one?

It’s hard to take you seriously as an investor because you’re so emotionally invested in this share given what it has done to you in the past.

You should take your own advice. Also start answering questions that are out to you and maybe people could make that tiny start towards taking you seriously. Until then the village continues to search for its idiot.

For full disclosure I’ve got shares in next as well.

Next are not upmarket ffs. It’s dad fashion ….

Boohoo are not just fast fashion either …. The boohoo of today is not the boohoo of 2015, it’s a far more diversified business.

Next is a fantastically run company selling quality products (especially homeware) and clearly can make a much bigger margin. I’ve got a next sofa on order at the moment. Happy wife, happy life and all that.

‘ Boohoo's book value has been reduced from £400m to £380m and with about 1.269bn Boohoo shares in issue puts the Boohoo book value share price at about 29.9p.’

Is this your theme for the week PeePer - not understanding the difference between book and market value?

You can add it to all your other faux pas like inflation and trading volume misunderstandings.

Boohoo carried out their cost cutting program and stock reduction last financial year.

Asos are playing catch up with Boohoo.

PeePer - book value is simply the balance of what a business owns less what it owes.

It doesn’t give any insight into what the business might be with in the future.

I’d suggest signing up for a basic accounting course or something so you can start understanding these very basic things.

‘The only reason the Boohoo share price is holding up is because Michael Murray CEO Frasers is buying in the hope he'll make a bit of money on them if Boohoo can turn themselves around. ‘

That’s how risk works you plonker.

'MA wants closure from DEB's and BOO offer him that. '

The only similarities between ours DEB and the DEB that MA wanted to save is the name!

'Boohoo and ASOS have the same problem which is too much competition. On top of too much competition for Boohoo and ASOS, cost of living is also hitting them badly. '

There has always been competition. There is more online competition but there is significantly less bricks and mortar competition and those that remain like New Look and H&M are struggling.

During the latest analyst call the board said that the BH fall in revenue is roughly in line with the rest of the fashion industry so there isn't any actual evidence that BH are giving up significant market share.

PeePer - investors don't value companies based on book value though. They value based on yes the book value but also whatever premium they attach to the future prospects of the company based on their future strategy. Which is why Frasers are buying because they believe at current prices online retailers have been beaten up enough to make them a decent long term risk vs potential reward.

The £330m scenario would only really apply if nothing else were to happen within the company and it stood completely still. If you were not a financial illiterate trying to play expert you would understand this.

The whole market is bad though at the minute. Boohoo is not holding up too badly. I’ve got a couple of growth shares that are getting murdered everyday.

Very interesting comments given the current direction of travel.

'Its the only explanation I have for anyone on here who is not invested to be posting daily from dawn till dusk and beyond. '

The truth, by his own admission is that we had a holding allegedly worth £1.2m. Yet despite all his investing 'expertise' held through the drop to £600k.

The share bit him back and now he just can't let go, hence the jilted lover act.

'Boohoo have drawn down in full a revolving credit facility of £325m and in their recent guidance Boohoo expects to be in debt of £70m for fy 2024. This means Boohoo will have used at least £70m out of the £325m. No-one knows how much Boohoo will need to use from this revolving credit facility over the next two years.

Come back with argument and debate and not just generalist statements.'

PeePer - all this is true, yet you paint a picture of them being £325m in debt and struggling. The truth is that they have the strongest balance sheet of most of their peers.

If you could read a balance sheet you might realise this.

My comment was not generalist - it was a factual direct response to the guff you posted. It would be nice if you could actually come back with some intelligent responses rather than running away for a couple of days every time the going gets tough.

You really are a sad pathetic soul. A snake who needs its head cutting off. That a metaphor by the way - I know you're thick as mince so will probably accuse me of threatening you with violence ....

‘ Also I have read so many times on these forums that MA is lending out his shares. If you believe this is a power play with some corporate action on the horizon (which I do btw), he will definitely not be lending out his shares. A lender of shares lose their voting right to the ultimate buyer of the shares and that won't be MA if he was doing this. In the case of a takeover bid for example, he wouldn't actually have % control of the company represented by his shareholding and could well lose the takeover battle if other shareholders don't agree with his valuation for example. Seems like a silly thing for him to do.’

If this was the case I’m pretty sure we would have had some sort of TR1 as the use of such financial instruments would surely affect his voting rights.

For example if he did lend his shares he wouldn’t be able to participate in voting at the AGM as the votes would go to whoever owns his shares at any given point.

PeePer - while they keep adding this bit doesn’t make any sense.

‘ It amazes mw how people on here don't consider why Frasers wouldn't buy Boohoo and only consider why they might buy Boohoo. This sounds like desperation’

For a company that doesn’t want to buy Boohoo they keep accidently buying big chunks of Boohoo. Asos as well. So whatever point you are badly trying to make it doesn’t quite stack up.

‘ Can shorters loan out the shares that they have borrowed???

Could there be some enormous game being played here??

Is there something going on that no-one has thought of yet??’

They sell them straight away - then they buy them back cheaper. That’s how they make their money. Once they have bought them back they then return them to the borrower.

You have to cut the head off a snake

It’s hard to argue with someone who doesn’t actually understand the content of their posts and just copies and pasted the work of others under the guise of ‘research’.

Yet I’m the lazy one right?

Let’s not forgot the times you have been found out - not knowing the differing between gross and net, working capital and net assets, faux pas on inflation, trading volume, etc.

You have zero credibility yet post day in day out the same monotonous posts ad nauseum.

What a way to live a life eh?