RE: Mike Ashley bought more16 Oct 2023 19:15
‘ Mike Ashley won't be buying out Boohoo. He's selling missguided, so why would he want to buy Boohoo. Boohoo is loss making, revenue declining, active customers declining, debt is rising. Plus Frasers is like a copycat of Debenhams so can't see why Mike Ashley would want an online Debenhams. Frasers are making money because of their sports products and upmarket products like Flannels. If Frasers are looking for a better digital strategy, then look at which global online retail company is doing best in this market and follow their strategy or do better than them. Find the best software people/company to do your digital strategy.
Boohoo need to keep the assets they have to use as collateral for long term loans if needed. Boohoo have a £325m revolving credit facility and no-one knows how much they'll need to use of this over the next two to three years. I think this £325m revolving credit facility is only available until 2026 and Boohoo have drawn it down in full and are paying about £10m annually for this to be drawn down in full till 2026.
There are too many headwinds against Boohoo for the likes of Mike Ashley or anyone to want to buy out Boohoo.’
PeePer - in one post you’ve just demonstrated that you don’t have a clue how big Mike operates.
Nor his RCFs work but how many times have we had to go through that now!