Member Info for WolfofWarks

‘ Plenty of money to be made in small cap companies for these. Look at the recent rises for the likes of tullow and pantheon resources. You missed them WeeWee.’

I didn’t say there wasn’t money to be made though did I. Just that in the EV/Renewables space they were overvalued until recently.

I don’t think anybody here would believe you made those trades PeePer. I’ve been pressing you for months on your investments and know we are supposed to believe that you have picked two and timed them to perfection.

‘ Look at what the world needs for the future. Resources for electric vehicles and oil until it can be replaced. Small cap companies that are already making money in these or have the finance already in place to make money from them.’

I think the renewables and EV valuations (bar Tesla) have had their bubble burst in this macro environment after getting frothy.

‘ Please be aware that Boohoo's guidance figures will include savings from freight, cotton, etc., plus they will have included figures for the USDC in their guidance too.

H1 2024 guidance is for 10% to 15% decline in revenue. Fy 2024 guidance is for flat to 5% decline in revenue. To get to flat to 5% decline in revenue for fy 2024 from H1 2024 of 10% to 15% decline, Boohoo have to get growth of at least 15% in H2 2024 to get flat revenue for fy 2024, if the decline for H1 2024 is 15% in revenue.’

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

Showing again how financially illiterate you are.

I see you have decided to show your face again, shame I quite enjoyed yesterday. At least you are acknowledging the return to growth in H2 now that I have pointed it out to you.

Hi watcher is depends if they ever want to 1) improve their customer proposition by bringing in delivery times in which case they’ll need proper distribution centres in the countries and will have to pay import duties and charge their customers local tax and 2) if they seriously want to list on the NASDAQ in which case they are going to have to comply with global governance standards and a company their size on that exchange will have to become very ESG focused.

So they are okay while they are a Chinese export company but if they wish to be truely global then their margins are going to get hammered. I’ll caveat that with we don’t actually know what their margins are at the moment but with the volume and shipping methods they currently use they cannot be great. Which would also explain the multiple raises.

‘ Wait and see......I am confident that the U.S. expansion will be lossmaking,and an increase in Marketing will be needed....Under utilised plant will be costly till it is running at the critical point of operation that allows a profit to be made....’

Well there is evidence that the marketing had already ratcheted up in the US but we’ll have to wait till FY24 and beyond to see if it has borne any fruit.

'T4g...Do you read the papers?....Do you know about the cost of living crisis?...Do you realise 1 in 5 car owners are now selling their cars due to the cost of living crisis according to the Mail.'

Pedro - brining this back to business. Do you think the mail is likely to have its fingers on the pulse of what 18/25 year olds are up to. Do this cohort not buy their cars using PCP contracts so cannot sell them. Given low unemployment I would wager that they are the group less likely to be inpacted by the COL crisis if they are living with parents and and have no mortgage and bills to pay.

Granted it's not quite that simple but I'm sure you get my drift. Could BH not also benefit from consumer trading down?

You need help Jotam.

You’re nothing but a sad key board warrior.

If I was a staunch conservative it might be worth your while, but I’m not so your whole show is pretty much pointless and directed at the wrong audience.

If you’ve not got that now and you clearly haven’t then there is not much else I can say.

West - I think it's a long path back to the return of Net Profitability for a number of reasons - some to do with the opening of the NDC and short to medium term expenses required in bringing it up to full capacity, but also because of the amount of fresh cap ex of the last couple of years that will need to work its way through the system.

So I'll be more looking at the trading and core business, EBITDA and also the cash flow statement in terms of working capital management which has been managed very well over the last 18 months to the markets surprise and of course finally the utilisation of cash the RCF.

Jotam - I think you might actually be tapped.

'ou have been cheerleading for the tories, and running down other parties at every opportunity, that's your right however misguided. Do you deny that? (I'm assuming no). '

I have not been cheerleading by any stretch, only in your imagination. My point was simply that it's hard to affect change when the first thing you have to do in office is balance the books.

Whilst you might think Labour could be the answer to everything history has told us otherwise. They usually leave office in disgrace having financial ruined the country. Meanwhile ordinary folk get taxed to the hilt and usually via the back door so the common man doesn't even realise it's happening.

I also have said nowhere that they have succeeded, again one for your imagination. It's been a catalogue of disasters from Brexit to Boris and Truss. I would go as far to say that Cameron is probably the only competent PM they have had and it's all come too late for Rishi who is now in the Gordon Brown seat.

Your entire take on the whole situation however is child like and the way you debate leaves a lot to be desired. Luckily when these matters go to the polls these matters are usually decided by more rationale actors from the centre.

Who are these other parties btw? I've only mentioned Labour.

The probably is T4G he gets his £ and his % muddled up and flips between the two depending whatever line of argument he is discussing.

'Hi Wolf. "Why are Frasers turning their back on it... given their strategic shift into digital?" The answer is that Ashley's a trader and has made quite a few 'strategic' (read opportune) investments of late, which he'd be happy to flip for a profit. They're not all long-term plays.

This is what he does. And he's rather good at.'

If you look at this playbook though he rarely ever sells. He's a long term investor he builds a meaningful stake over time.

Hi Unhooked - I suppose it dopends how you look at it. Another way to look at it is why are Frasers turning their back on it after only buying it recently? Especially given their strategic shift to investing in digital.

You would thought it would fit their current strategy and they could have built on it. Instead they want to sell and keep the office.

'News due soon.....I think that due to economic situation the news will be bad....THG results this week were poor......Will BOO follow it down?'

Pedro - did you hear what the John Lewis CEO said yesterday? She said whilst they are struggling in other areas both fashion and beauty are doing very well.

I'm not expecting these figures to be great, per the guidance give but they surprised the markets last time round with how well they are managing the balance sheet in tough conditions so who knows right.

I try not to read too much from THG to here as from what I have read about them from some very credible sources they can be quite generous with some of their accounting treatments and I think their CEO has lost the plot, and is unprofessional and has picked the wrong fight in taking on the markets.

I'd more likely look to ASOS for a better benchmark.

PeePer - You seem to be conveniently missing the point though that from Boohoo's own guidance that growth returns in H2 2024. You don't like because it doesn't fit your no growth narrative. The figures show H2 24 vs H2 23, as in a like for like comparison which I know you do not usually like.

I said the other day that yes H2 is bigger because clothing is a seasonal business, another comment that you choose to ignore.

You're all over the place because now you are telling me to read your posts more, whereas Thursday you were telling me not to read all of your posts. This is the problem with you PeePer - you flip flop all over the place, are inconsistent and contradict yourself constantly.

That's why I love pulling apart your anti-Boohoo agenda, because you haven't got the smarts to pull off what you are trying to achieve.

So I'll unfortunately decline your offer and continue to subject your posts to the highest scrutiny.

Sounds like he’s only flogging the brand and keeping any real estate.

Very interesting and I think if true it cements the theory that MAs stake in BH is a strategic investment rathe than him having takeover ambitions, after all why would he want to make the competition potentially stronger.

'Hi Wolf

What’s your call on H1 ?

Revenue ?

EBITDA

FCF for the period ?

Any thoughts on these 3 lines ?'

Not too sure mate but not expecting it to be particularly pretty.

Too many unknown at the moment and the follow through of the realised benefits are coming in H2 per the company.

Hopefully we will see some margin pressure come off with the easy of tailwinds - air freight, cotton prices, dollar conversation, etc.

Hi CWWX - Hope you are well. Agree the board is a shambles. However there is a lot of negative misinformation posted on a daily basis which needs addressing.

Shame because the proper Boo stuff gets drowned out.

I think these guys own a chunk of REVB.