Member Info for WolfofWarks

Jeremy - None of this makes any sense. BH are an agile fast fashion company how have gone to great lengths to streamline their stockholding into order to conserve cash. Why would you risk a long term asset by spunking a load more money on it?

None of what you suggested improves the balance sheet as the decrease in assets offsets against the decrease in borrowing.

'There is obviously a possibility that Oct-Dec was poorer than expected but they would have taken that into account in the Oct mid year guidance'

Unless they are Marty McFly I'm not too sure how they could have done that.

'That's because they over performed and informed the market towards the end of December'

How have you worked this out?

I remember when Panorama covered Man Utd’s Green and Gold campaign.

It was basically 30 mins of fluff. Very little digging into the goings on of the glazers at the time and a complete missed opportunity.

I’d agree with that other then the fact I’ve seen what happens when iis drop a holding like a stone.

The SP craters, just like it would a PI.

Although his move into online may be less opportunistic and more to do with HOF digital strategy/transformation.

‘Wolf, do you think sooner or later he will choose one over the other? If he dumped ASOS he could put it all in boo.’

Going by his playbook he’s an empire builder. So I’d expect him to build a stake in both. Then when one of them fails or there is consolidation he will swoop in and try and pick them up on the cheap.

‘The only sensible way to look at free float imho is to look at the shares that are available to buy on the general market as these are the shares that are openly traded and therefore are price affecting. They are also the only shares that are likely to be available for shorts to buy back.

So my personal approach is always to exclude major holders (II and other) as these are unlikely to ever be available on the public market. And I know this isn't the technical definition of free float but it seems the most relevant’

The only problem with that it the built in assumption that major shareholders are sticky.

I suppose the minute MA takes a seat on the board then his shares come out of the free float as he becomes an insider.

That’s probably the most sensible rational way to look at it.

He's still right though.

The article if correct clearly states that only 22% is owned by insiders.

Automation is going to become even more important to keep overheads down. From April anyone 21 or over will have a minimum wage of £23,500 for a 40 hour week.

Hi Broke

From what I read they are moving the work carried out there to Sheffield which has had heavy investment in automation.

They manufacture in the UK because that gives them the agility needed for 'fast' fashion.

They can't be waiting six weeks for goods to come from Asia.

23,000 sqft. That’s tiny.

The thing about the high street and I think this is defiantly the case for women in particular is it’s the experience.

The afternoon at the shops, coffee, lunch, etc.

Another point of course is whose land it actually is and how far do you go back to determine?

I'm quite aware of the history, I haven't been living under a rock. However, one only has to look at the jubilation of the Palestinian people who flock to the streets when there's a body of a mutilated young jewish girl to be paraded or a terror prisoner realised or maybe a jew to hang.

My point was more around why we have spent money on one cause and not the other rather than picking a side as such.

That would be because the Palestinians want to wipe all jews off the map.

It's funny how the west always gets blamed for the mindless actions of others.

It’s the same for most clothing retailers at the moment. There were massive sales on in the run up to Xmas, I bought a load of stuff from the Lacoste site, some of it was 30% off.

I think the COL crisis is now proper feeding through and we are probably in a small technical recession.

You've a strong stomach to be using CFDs on growth stocks! There is definite weakness in growth stocks today and this seems to gave carried through to the tech stocks in the US.