Member Info for WolfofWarks

'Mookster abandoned all accountabiliy since CINE entered Ch 11 and shareholders haven't kicked up a fuss either, and have not even called for their sacking/resignation. He has gotten away with it so why should he change now when the company's fate has been decided. '

SH wouldn't have been able to do anything anyway. As soon as CW entered C11 the shareholder power was removed with all big decisions having to go through the court trustees.

Poor - They can't do that even if they wanted to. By the time the UK part happens the Crown holding company will already have been transferred to Newco. Everybody else gets paid before holders.

The administration doesn't really need to go at any type of speed as they are only winding down the holding company. By this point the company and jobs have already been saved.

For someone who quite often trumps DYOR it might be advised to actually do some :)

Which is why my post was suggestive.

Anyway PeePee come on tell us what shares you are in at the moment?

Genuinely interested.

What have you bought this week?

'EMPIRE CINEMAS GONE BUST TODAY.Movie business no good?'

Just been reading about that. Wonder if Vue or Newco may go in for some of the sites.

'Debate about higher interest rates pushing most advanced economies into recession in the months ahead.

Recession will hit all shares regardless because investors sell out and become too frightened to buy shares.'

That would depend on whether or not most of it is already priced in. A large economic downtown and higher interest rates re-rated most growth and tech shares 18 months ago.

I think most investors at this point are looking for earnings pivot and a clear bottom. Earnings season coming up which will be the catalyst for the next drop or fall imo.

'I do not see BOO making anything from their Debs purchase in clothing terms - makeup no idea. They have failed to invest in the brand since purchase and are neither one thing or the other. Sorry but I am not convinced outside of fast fashion they have a clue.'

That's not true. They have set up a HQ down in London for the acquired brands and fully staffed it. It's a tech project so I assume this office will be full of It and creatives. To say they've not invested in it when the main investment will be in intangibles seems a tad daft to me.

Okehurst - those number are all sterling converted from dollars in the accounts files at companies house.

Times by say rate of 1.25 gives you $93.75m PBT.

Ye Feb 22 total BH US revenue is £452m

So by my calcs (£220/£452) 46% of US revenue comes from PLT based on Feb 22 numbers.

Feb 23 PLT accounts not due at companies house till the end of the year.

The last set of accounts for PLT were Feb 22.

Active customers 6.9m

Number of orders 22m

Average order value £48.17

Items per basket 3.18

Conversion to sale 3.4%

Revenue £712m

UK £392m

ROE £74m

USA £210m

ROW £36

Gross Profit £393m

Gross margin 55.2%

Operating Profit £75m

PBT £75m

Intangibles £3m

PPE £100m

ROU £4m

Net Current Assets £11m

Net Assets £117m

Hi Hexam - it’s quite awkward at the minute to work out the rate attributable to the shares due to lack of current profits/dividends/etc.

At it's most simplest I'd probably divide the interest paid from the latest set of data that was realised onto the levels of debt to give a discount rate.

Not too sure how detailed the data is on the post C11 forecasts but it might be able to work something out there for the new CW.

You haven’t got a rationale as you are not capable of putting one together.

This is a bulletin board for debate and discussion so come on PeePee.

What shares are you invested in PeePee? Discharging all this wisdom all over us yet don’t appear to be invested in anything.

Which press is that Ian? The only press I ever see confirms that this is going bankrupt. I can't think of one piece of journalism I've seen where pressing questions are being asked of the legitimacy of the C11.

Vodafone have €5bn a year free cash flow. I doubt very much they are considering a C11 .....

You need to looks at the size of the debt relative to revenue and profits - CW's was far outsized compared to Voda.

Excellently put T4G. It can't be hard unless he has plucked the figure out of think air. Perish the thought ....

What's you optinion based on though?

What is your rationale?

Or are you just talking for the sake of talking.

Why do you never answer a question?

'WolfofWarks - please give your reasons for disagreeing with the statement.'

I hadn't realised I had disagreed with your statement. I was more looking for you to back it up with why you think what you say. But as usual it's all fluff and judging by some of the other gems you can out with you probably don't understand what you are saying in the first place.

So come on why do you think the USA NDC will take two years to become profitable. Give us your insight. Do you have some experience, expertise or familiarity with starting up distribution and logistics are maybe you know a thing or two about the US market that we dont?

Pray tell PeePee.

PeePee always does this. Makes large sweeping statements that he doesn’t have the slightest clue on how to back up.

I wish I hadn’t mentioned macro economics to him the other day.

Five bags now is it. It’s gone up a couple of bags from last time ….

A 50/50 bet no doubt, toss of a coin, too big to fail, Christmas coming up, etc, etc.