Member Info for WolfofWarks

Another point from the call re the US sales - only two weeks of new proposition at the back end of August and too early to tell or offer any real guidance on what impact the USA will have on the final year end results.

CWWX - It's 2). All explained in Frasers annual report under their digital strategy. Even Frasers know they have to diversify away from pure bricks and mortar and they have a whole digital transition strategy.

Just to mentioned the whole market is terrible at the minute so the SP drop today actually looks like a result. I've not got one share in blue today!

I'm not going to lie I saw the results this morning and was not impressed at a first glance especially with the forward guidance. I've now taken in the analyst call and feel slightly better. I actually thought it was quite interesting. There was a distinct lack of Shein in the questioning, returns rate have come down due to the different product mix with less occasion wear being sold this year.

One of them said that if you look at the other competititors declines in revenue there is little evidence that BH have lost market share. This means that anything lost to Shein has been picked up from someone else.

The questioning was very interesting in that the analysts are very curious around the automation and the cost savings this will bring and didn't seem overly concerned by the fall in revenue. My guess is that if growth does come back and cost savings plus automation achived and you start to see the roadmap towards 10% EBITDA.

There was confirmation again that USNDC will be a slow burner with probably twelve months to go before all core brands are live and Debenhams seems to be making exceptional progress in the UK.

This is still a punt and is the high risk element of the portfolio. If the plan can be pulled off then is could be extremely lucrative in the future. There is no short term gain to be had here though imo so we are in for what looks like a longer haul now.

The forward guidance is very disappointing. The narrative doesn't match the numbers for me at first glance.

The only positive I can see is improved margin, although not by as much as I was expecting and on the face of it the balance sheet looks very strong with not as much cash burn as expected again.

So the company is in a strong position financially but performance and recovery looks to have been kicked into the long grass again.

On first glance looks like I will be holding but don't see a reason to add any time soon.

DTN - you seem to be on overdrive leading into results.

If you looks around some of the pure PI boards on LSE like SYME, ARB, etc, and then look at what happened and who was left posting at CINE it’s probably not that hard to believe the 70% figure.

Covid bought about a gold rush of PIs right but how many of them actually know what they are doing on jumping on the bandwagon.

Amazing over at CINE while the C11 was going on some of them didn’t even realise the company was bankrupt, didn’t understand the pecking order and why they were never going to be paid out.

‘ Huh, well I learned something people, according to Motley Fool back in 2021 the figure was around 70%.

I'm betting that figure is a lot lower now due to the 2022 stock correction and plenty of people getting burned.

Still shocking that so many people did no to little research’

Motley fool is the red top of financial journalism.

‘ WeeWee -- what do you need to happen for you to know in 24-36 months that you've made the right or wrong call?

Put your money where your mouth is and stop evading the question.’

I’m not evading the question it’s just that you are dopey and cannot interpret my responses as anyone else would.

Clearly if Boohoo’s growth plan doesn’t work, the new brands didn’t kick in, US DC doesn’t take off I would have been wrong.

This set of results will not tell us that though.

You make money and lose money by taking on calculated risk right? My bet is that those who suffered most from the macro downturn will quickly recover. BH have a medium to long term plan and I think their balance sheet and suite of companies is stronger than ASOS.

This is my risky play and therefore the one I am most engaged with.

Yet you were ramping the f eck out of this right at the top of those highs in desperation. You would have bought all the way up in your make believe £150k chunks and then lost the lot on the ride back down.

That’s why you can’t leave us be. This share has formed such a big part of your life you just can’t let go and you won’t let anyone else have it either. So you have to ruin it for us all with nonsensical debate that you repeat ad nauseam. Stopping those of us who actually want to have a decent discussion in our tracks.

Is that not pretty obvious. It’s a rhetorical question.

Ragtrade - just so you’re clear on PeePee’s position here - he lost a fortune on this share and now he’s hanging round here like a fart in a lift. He’s like a jilted lover.

‘ WeeWee - where are your answers?’

Nothing will be answered for me tomorrow as I’m expecting the results to be poor. Only in 24-36 months will I know whether or not I have made the wrong call.

‘ PP1 only gives absolute undeniable facts...We have a poster who invents figures to suit....Who deserves to post on here?’

Give over Pedro. PeePee has been pulled up having his pants down on a regular basis over the facts and numbers he purports to be the master of. He struggles with gross and net, pounds and percentages, etc, etc.

Imo whether this goes up or down depends on the forward guidance

‘ they are going to more planet friendly, sustainable fashion. ’

Such as?

******

'Southcoast, I’m surprised he hasn’t run out of anger, Pedro out of full stops and PP1 out of links. Still, at least they are talking to each other on their merry go round.'

That's a Fatboy slim tune .... Anger, Full Stops, Links, Repeat ....

By negative press I assuming he’s referring to Slave labour, supplier treatment, etc, etc, like what we used to get.

Not what some plum at HL thinks. IC have always been bearish on Boohoo.

These results will not be great. The company have guided for 10-15% decrease and we know from the asos results and other retailers that July and august have been particularly bad due to the poor weather, so they could be worse. What I’m interested in is the guidance on H2 and in particular anything they can give us on how the US rollout is going remembering that this is the serious growth opportunity for the future.

Also, I want to see if the smart working capital, management has continued into the new financial year - they took the markets by surprise last time round. I’m also interested in whether they have left the RCF fully drawn or reduced it so finance costs can be reduced.

I’m expecting reasonable margin improvement of at least the 1.5% ASOS achieved, hopefully more.

PDS - I think 1) and 2) will be gone already but we already knew this from the previous guidance. The turnaround starts in H2.