Member Info for WolfofWarks

‘Too many Boohoo holders are trying to get others to buy Boohoo shares. ‘

The only person trying to influence people to buy or sell their their shares is you.

‘ T4g - the conversion rate for 2022 was about 3.54% and went up to about 3.76%.

Whereas the conversion rate for 2021 was 4.28% and for 2020 was 4.26%, i.e. a lot higher than 2023. ’

This was driven by COVID though PeePee - remember at this point you thought BH was going to be the next Amazon. We are returning to normalisation once the headwinds have receded.

I find it rich how you are pulling others up on their losses given how much you have clearly lost here.

Bukkake central for you this has been.

‘ T4g - why did WeeWee only use 2022 as a comparison. The only year where conversion rates were lower than 2023. That's what you need to be asking.’

Because I’m interested in the present and the most recent information shows BH conversion rates are improving. Just like you only use recent figures when talking about Boohoo’s declining growth which turns around in H2 24.

How about that then eh?

.’Thankfully I have no investment whatsoever in Boohoo or any online retail fashion’

So what are you doing here PeePer?

Absolutely wasting your time preaching to a crowd who give you no credibility and absolutely despise you.

‘Pp1 it seems strange that you miss out the conversion rate for FY22, which was 3.57, so FY 23 was actually a small improvement. This is inline with what would be expected as the delivery proposition began to improve slightly. ‘

It’s no accident.

That’s for sure.

'WeeWee - Conversion rate for fy 2021 was 4.28% and fy 2020 was 4.26%. Conversion rate for fy 2023 was 3.74% . 4.28% to 3.74% is a decline of about 15% in conversion rates.

Klarna charge businesses a set fee plus interest of up to 5.99% for each transaction through Klarna. Klarna is much more expensive for businesses to provide than Visa.

Boohoo have already stated that returns for fy 2023 were higher than pre-pandemic. This was for a year where Boohoo's revenue was down from I believe nearly £2bn to £1.77bn.

t4g - if you can't be transparent with your calculations on returns, then, for me, you're not to be trusted.

Please read my posts in full and more than once, so you don't jump to conclusions about what you think I've said in my posts.'

PeePer - there no way a business the size of BH is ceding 6% margin to Klarna. They will be paying a fraction of that in transactions fees. The higher charges are for smaller mums and pop vendors. BH will negotiate their fees will Klarna just like Visa and Mastercard and it will be based on volume of transactions in the millions so pence per sale.

With your logic we could say go back to 2020 and BH has grown massively yeah? You're completely inconsistent with your narrative. Picking and choosing treatments depending on what your latest deramp is. In the last 12 months accounts conversation rates have gone up it's in black and white, not down as you were saying yesterday.

We know about the pandemic tick up and subsequent normalisation.

I could understand if he was on some kind of intellectual pursuit with it but the guy has proved time and time again that he's thick as mince.

I don't mind the other bears and I generally find it healthy to hear both sides of the debate but the poster has to give the impression of having some intelligence or articulation.

Hearing PeePee mention that this year's sales will decline 10-15% in H1 like fifteen times a day just doesn't cut it, especially when we have all read the RNS and looked at the accounts.

So just to pique my interest I thought I'd have a flick through the accounts to critique some of the point PeePer is making. So gross sales for FY 2023 were flat with the drop in sale of 11% pretty much due to the normalisation of return rates.

Conversation rates - 2023 3.74%/2022 3.56%.

So the conversion rate has actually improved between 2022 and 2023. What has happened to make PeePee convinced it has deteriorated over the last six months?

This is why I have such a problem with him because he repeats the same thing over and over again, more often is incorrect lies or misinforms. He's either stupid or up to something. He's trying to save a group of people who completely despise him. Why?

'T4g - what about klarna, buy now, pay later? Or didn't that enter your thinking?'

Klarna isn't offering anything different that Visa and Mastercard have offered for years in respect of buy now pay later.

It's just a different payment mechanism with a credit application attached. If Boohoo deny a refund where an item has blatantly been warn then the customer still has to honour their credit agreement - Boohoo will already have the cash in the bank from Klarna.

Have you got any evidence that the use of Klarna has had a detrimental impact on returns?

'Pp1 I want to see if you have half a brain. But as that doesn't seem likely I'll give you a clue. Most of the RNS refers to net sales, one part only doesn't......'

T4G - PeePer has proven time and time again that he doesn't understand the difference between gross and net.

'WeeWee - that's the guesstimates I've read that it's up to 50% returns for Boohoo.

The Boohoo figures given are revenue generated from the £1.99 return fee. No mention of those who get free returns. Hence, why you need to think things through and not take them at face value.

You can be sure the Americans are even more savvy on buying, wearing and returning using buy now, pay later facilities.'

So in summary you haven't got a clue and are making figures up. You also have no idea of Boohoo handles returns. I work for an omni channel business and we have 3D packing machines which can repackage items relatively easily. What we don't know is if the automation that has been put in place can handle returns easily - if it can then returns might not be an issue at all.

Oke - it was also explained by the product mix changing as we came out of covid and occasion wear came back with dresses being the most returned category as you would expect.

So you sell more dresses you get more returns back.

‘Group Overview

Gross sales before returns were flat; however, return rates climbed above pre-pandemic levels following the exceptionally low levels seen during the pandemic and in the early half of the previous year, which impacted net sales growth.

From the RNS on fy 2023 - as I keep saying it is so important to read all RNS' in full and more than once.’

So how does that translate to the 50% you are claiming?

'WeeWee - there's always been growth for H2 for Boohoo every year. The point is Boohoo's H2 2024's growth is pitiable to say the least.'

This is this year H2 vs last year H2 - you understand that though right? What was H2 23 vs H2 22?

PeePer - there is something really wrong with you man. What a way to spend a Sunday afternoon. You get proven wrong on one thing and then go totally obsessive on the next.

What your guesstimate of 50% returns based on? Where is your evidence to support the use of Klarna resulting in higher returns rate? Can you prove the use of Klarna has any kind of detrimental impact on BH like you suggest?

Can you prove that BH's conversation rate is on the decline?

'WeeWee - Boohoo have guided for 10% to 15% decline in sales revenue for H1 2024 and flat to 5% decline in sales revenue for fy 2024. That's not growth in sales revenue.'

PeePer - Absolute classic I gave the numbers for H2 and how they show growth in H2 2024. I didn't think you understood them at the time and you have proven me correct so I will post them again. Get your calculator out and rework for yourself.

"Revenue

H1 882m

H2 888m

FY23 1770m

H1 772m (12.5%)

H2 £954m 7.5%

FY24 1726m (2.5%)

I’ve used the middle of the two ranges from the Boohoo guidance - so H1 24 decline 10-15% is 12.5% and FY 24 0-5% is 2.5% decline.

You can clearly see that H2 growth is 7.5%. So please stop continually posting same dribble over and over again as BH are clearly guiding for growth in H2 24."

This is the statement that you keep referencing but only including the first half of the statement and not the second where they state quite clearly that growth returns in H2:

'The Group's focus for the year ahead is on rebuilding profitability and getting back to growth. For the year ending 28 February 2024 ("FY24"), revenues are expected to be between flat and a decline of 5% vs. the prior year, with increased emphasis on driving profitable sales. In the first half, revenues are expected to decline by 10% to 15% as a result of this action being taken. In the second half of the year, the Group expects to return to revenue growth as it benefits from the investments being made across price, product and proposition under the Back to growth strategy.'

'WeeWee - you're boring everybody now including me.'

This is the reply I would expect from someone without an answer or I've obviously hit a nerve by banging the nail on the head eh?

‘ WeeWee - “It's not your style to read and research for hours.’

How do you know?

Anyone who hasn’t made a mistake is a liar.

I think you have only ever invested in BH and you got your ar se handed to you, hence why you spend your days here deramping unintelligently.

Also, I haven’t read a newspaper for years but if I did pick one up it wouldn’t be the telegraph!

‘PeePer - how can the revenue guidance be affected by savings in freight, cotton, etc?’

If you could answer this please PeePer.

You still don’t understand that the figures I have given you is not growth form H2 vs H1 but H2 24 vs H2 23, ie actually growth which you have constantly stated isn’t happening anytime soon dispute BH’s own guidance stating that not to be the case when you work through the numbers.

‘ There are many more, however, you have to do hours of reading and research to find them. ’

Given you don’t know the difference between gross and net and your research involves googling and taking in Algo Junk I’d wager that any research I do is far better than anything you can come up with PeePer.

You can’t even read a profit or loss or balance sheet so you don’t even know what you are looking at for starters.