Member Info for WolfofWarks

I've got it, just wondering if you know your onions. Like you say all the big positions information is there to find.

I've found you wanting previously.

'Good luck to those who remain invested and hold onto their stock to the end.'

Shouldn't be about luck. Try research, judgement and smidgeon of luck ;)

Stretch - I've worked with one that you could drawn down weekly as little as 18 months ago with two mainstream UK banks. We're got an ABL facility with a large US bank now which is a pain in the as s in comparison.

'.... rather than someone who seeks refuge in a BB with no position because they have nothing else going on in their lives, or contrary to that have a position just too cowardice to speak up about it.'

This response says a lot about you RI. If you can't play the ball play the man.

Out of interest which funds have recently taken a position?

He'll be furiously Googling it now. Or will consult his broker or Stockopedia.

PP - I very much doubt they have un unsecured RCF. If they have then the bank must really rate Boohoo as someone to lend money to with no risk mitigation measures. Highly unlikely.

RCFs are a series of revolving loans they can be paid down and re-drawn as and when to meet the needs of the business - so while say at the end of the months the facility might be drawn down they can repay it or drawn down less throughout the month to match their working capital cycle.

Poor - Here is a question for you. The short interest in CW started growing heavily from the Regal Acquisition. So the main institutional shorts have possibly been here for years.

Do you really think at this point there are worried about being burned, squeezed, etc.

Accusing someone who doesn't agree with you of shorting really in the lowest common denominator on these forums. It's up there with posting rockets and not wanting to be out of this for the weekend, MM's hoovering up shares, etc, etc.

Considering you are an expert in maths and a legendary investor you could up the ante about eh? Otherwise we might as well just spend out time licking the windows.

Poor - you always make money eh :)

RI - It was a OFAH joke in reference to the last time Poor was posting on here ....

I wouldn't expect someone like you to understand why some one like me might be on here. You've largely been walking round with your eyes closed for the last 9 months.

Poor is an out and out trader - he's not your friend here. He'll ramp to high heavens and be out the door with perfect timing (allegedly).

'Average pe ratios tend to be between 14 and 17 across the FTSE, so I don't see 20 as being stretching if growth happens.

Anyway it's a good debate and time will tell'

I think this depends on medium term interest rates as to whether investors start applying high valuations to growth stocks again. I certainly don't think they will be anything like they were.

What folk like PP1 have to remember about Boohooo is it is currently fighting against major headwinds that will subside. COL crises, high inflation, stock shortages, freight inflation, etc, etc.

The key to making money is buying stocks when they are low, the problem is most PI phycology works the opposite way. So in my opinion Boohoo, if the macro is about to turn, is at the perfect point for a pivot. There has been some decent capital spending on new facilities and automatons which will increase efficiency and therefore marketing. Part of the problem at the moment is that the distribution and logistics in the USA is difficult - measures have been put in place to address this.

This originally started about a conversation on stock - you can increase sales and decrease stock. You don't buy stock at the start of the year and run it down to the end. Stock is turned and the more you turn it the more sales, gross profit % and gross profit £ you make. You can do all of this while running your general level of stock down.

Shein is just another competitor in a competitive market. The website looks trash I hear the products are of extremely poor quality and their fast fashion takes ten days to deliver.

'Nobody will buy ASOS nor Boohoo.

Shein is taking huge market share from both of them.

Mike Ashley might buy ASOS if he gets it cheap enough.

However, the reason these people buy huge chunks of shares in the likes of ASOS is because it gives them access to much more data.

They learn from all this and apply it to their own businesses.'

Actually Mike's son in law, who is now at the helm is pursuing a digital strategy. They've been buying other global online businesses, not just ASOS.

I think they'll end up with ASOS because there are a lot of problems under the hood and he'll but it down lower and lower and then end up rescuing them. This is a strategy that has been very successful for them in the past.

If Debehnhams had let him take-over they would still be open as a bricks and mortar business.

Give it up Poor you plonker.

Immulhare - why do shorts need to close when they can ride this down to zero? Most have probably been holding since COVID. Your whole theory on the short interest here over the last nine months has never made any sense. Even though it's worth 1p it's still one of the most shorted stock on LSE.

It won't. The equity is being raised in the new company.

You'll be left with your shares but the company to which they are attached won't have any businesses.

The time for shareholders to form a committee was back at the outset in September.

You’re trying to enter the arena at the point it’s all about to be concluded.

I very much doubt he can find the money needed to satisfy the level of debt the lenders would require to be cleared from any deal.

Remember the whole issue here is that the debt is outsized in relation to the value of the company.

Mooky can’t do anything. He’s being supervised by the judge. He can’t even spend any money without it being signed off by the judge. His sole purpose is to keep the company doing for the benefit of the lenders.

EBITA is simply a measure used to try and gauge cash generated form the core operations of a company, ie stripping out non cash and non core costs like depreciation, interest, etc. The new rules have muddied the waters somewhat will lease payments now being traded as assets but BH doesn't have a large retail estate and owns a lot of it's property outright.

The key is never to take one single measure in isolation.

'There are different views on the fast fashion market and some day it's going to fall because people are becoming more sustainable aware. Who knows?'

Yes and youngsters will still always want to buy cheap clothing. A lot of the sustainability crap is ideological. They still do the same things as the rest of us but because they eat Tofu and take oat milk with their tea they are saving the plant.

'The tax rules in the USA haven't changed since Trump brought them in some years back and they don't look like changing. '

What on earth could you possibly know about international tax. Give it up!

'Online fashion companies need a gross margin of at leat 55% to make a decent profit.'

Have you done any analysis on this or have you been frantically googling again?

'Shein's software is much more advanced than Boohoo's software so they're ahead of the game with this. Plus Shein can do test and repeat much quicker than Boohoo.'

No they can't. From what I remember of Shein they despatch from China, hence the undercutting as they don't need to charge vat. 18 months ago when I last looked at them they had a lead time of around ten days. They can't have the agility of Boohoo or ASOS when they are sending product over on ships. Plus their website is crap, looks like a GCSE web project.

They are just another competitor. That's business.

This would be nice as I took the plunge and bought back in today!