Member Info for WolfofWarks

Kallu - Your explanation on inflation is laughable.

You know full well that Next do next fix their prices to inflation, the the CPI/RPI figures are based on a pre defined basket of goods. You 10% inflation figure has no relevance to Next's sales figure.

Kallu - do you go about your everyday life in this obnoxious manner?

Sorry meant the provision will be more than the settlement

Don't forget the settlement will include legal fees as well so the settlement itself will probably be a lot less.

Kallu - The move to online extends past clothing. You do realise that right, or do you just cherry pick the stats that suit your agenda?

Shops have done well in September. That's a given - back to school, change of seasons, etc. But a couple of decent months of results do not overturn ten years of an underlying trend.

Yes Kallu.

I'm sure this has been front and centre of consumers mind. If you surveyed 100 Boohoo customers how many of them do you think would even realise this has happened?

I had a brief look earlier in the contingent liability section of the interims and they didn't have any provisions in for any legal action from what I can see and they specifically state that challenges to the trademarks and the brand are the normal course of business.

That said I'm sure they have mentioned it somewhere before. If they had provided £100m it would have stood out like a sore thumb in the accounts.

Online clearly hasn’t stopped it’s growth like Kallu would have you believe. What is happening is that that that rate of growth isn’t as rapid after being turbo charged during COVID.

The trajectory is still very much upward but with short to medium term cost pressures. People who like to buy fashionable clothes from ASOS and Boohoo are not suddenly flocking to Primark. Just like Ocado shoppers are not mooching round Aldi.

My experience of BMW is that they are massively over promising and under delivering at the moment. We’ve had two instances of cars delivered with extras missing where this has been picked up during the delivery checks - usually when this is happening we are warned and have to agree to carry on with the order.

As if Walter lol.

I’m in the gym at just after six every morning, then juggling a young child while getting ready for work. Usually in the office after 8am and leave around 6.30pm.

Then bath and bed said child and it’s around now that I actually get to read anything.

I don’t run my social and work life around my investments. It goes some way to explain how you have become the way you are though. I just hope you don’t conduct your personal life in such an antagonising self righteous manner.

Plus for someone who does so much research on your investments you do sure spend a lot of time in here and not where you’re actually invested. I smell absolute BS.

Kallu - next also dropped a ******* at the outset of the pandemic by closing down there online warehouse in line with the government guidance while everyone else stayed open for online.

It took them six weeks to get back up and running at full capacity again.

Where has you 10% inflation figure come from?

Kallu - are you familiar with the concept of a strong comparative?

You seem to be focused on the last six months and are completely ignorant of the underlying trend.

Kallu - only heard the headline as I stated on my post.

Not looked at the numbers as I have like … a eh …. a full time job.

You’ll have one yourself once you’ve finished your course.

Companies are looking back to 2019 as the last relatable comparative period with no COVID impacts and the best guess at normalisation and underlying performance.

You just need to factor in growth expectation for two years rather than one.

BOO seems to have moved up nicely on the news anyhow! My CFD is almost back in blue ;)

Just heard on the news that in their trading update Next online sales up 40%.

Not surprised given they have little stick in store.

Yeah I always look at GP as direct profit from sale. Then less overheads to get to operational profit, then interest, tax, etc, to get to the final result.

If I’m looking at cash creation it’s all about the EBITDA.

Hi Hexam. What do you mean by confusing ‘gross profit’ figures. Pretty standard terminology though right and if you look at the release on the website they reconcile the figures back to the mining margin.

Maybe I’m a traditionalist but I find the mining margin harder to get to grips with due to the significant omissions like the hardware depreciation and p/l on exchange movements.

Especially if you’re looking at performance relative to your other non crypto investments.

It takes a while to produce accurate numbers. They can’t flip October numbers overnight.

Chuz

The best way to look at it is the execs work for and on behalf of the company and the neds work for an on behalf of the shareholders and the chairmen. Neds are a cautionary voice. It basically makes sure that the executive leadership can’t completely steamroll the decision making process and are held to account.

Remember everything the execs want to do is voted on in board meeting, which will pretty much be the main participation by the neds other than say site visits to learn about the business.

A decent executive knows they need the neds on board to get what they want passed through.