Member Info for WolfofWarks

I think Boohoo is in a position where the economic conditions are at their worst possible situation other than a full blown recession. So once conditions do get better the logic dictates that Boohoo should move up substantial just on the general market trend. If they can get their act together regarding the distribution, international business, etc, it should do very well over the medium term.

Whether the market is rational is another matter entirely.

HI Tegop - I think BNY melon had special provision in the plan to recover their legal costs up to about $750k iirc so it may well be to do with that. The pool will get hogged by the biggest creditors because what you receive is distributed as a proportion of the amount you are owed. Those creditors also have the biggest voting % within their class.

In the current macros redundancies and cost cutting measures should be taken as positives by investors.

Cutting the froth, etc.

Modern payroll systems have checks and balances to ensure employees who are potentially receiving under the minimum wage are red flagged. It will even take taxable benefits like pension contributions, childcare vouchers, etc, into account.

Boohoo's failure was in not having control of its supply chain through a robust enough ESG and in particular social value policy.

Great first post Albertz and very interesting to read.

Big night for anything battered by the macro tonight.

Microsoft and Google report in the US

At the back end of last year their credit insurers were struggling to give them cover as well and they had big supply chain issues.

The minute Mike Ashley bought a stake I there there is a decent chance that the writing is on the wall.

'enough to pay the $5b debt
with a proper renegotiated, not our fault COVID 19 payment plan.'

Maid - please don't tell me you actually think this kind of financing actually exists.

Isn't this where AI will kick in and make the dream a reality?

PP1 - Clothing companies will build returns into their pricing models, just like they build in selling items at different price points, discounts, sales, etc. They price and accounts for lines over a lifecycle. You have not uncovered anything that experienced professionals in this industry do not already know.

I haven't made any assumptions PP1. I formed my opinion based on what you post and the way you post it. You don't really have any opinions of your own. Most of your posts read like an Alexa answer.

Do people actually still use stock brokers in the internet age?

PP1 - The cash from the RCF is/was sat on the balance. They could most likely pay the RCF off tomorrow if they wanted.

Most businesses are cutting costs and looking after overhead. It's what happens in times of high inflation and economic uncertainty.

I'm not sure why BH would be any different.

I actually started buying btc again yesterday.

The shareholders are already deemed to reject the deal right?

Quality newspapers, journalism, etc. If I was you looking at net revenue for example I would be looking at the FRS and IFRS sites who actually produce the accounting standards of reporting internationally.

I steer clear of anything algorythmic so the likes of stockopedia and simply Wall Street.

I would never try and prove my point by posting articles form The Sun and The Mirror that's for sure :)

I tend to pull my information from decent reliable reputable sources.

Not stockopedia and the red tops.

'WolfofWarks - you're a long term holder. You're blinkered and desperately looking for anything that Boohoo is okay.'

I'm not a long term holder. I sold out Feb last year however this is back on my watchlist because I think peak inflation and a return to better economic conditions will be a huge catalyst for Boohoo.

It's been beaten up by the macro and I'm looking for more evidence that this is about to pivot.

Gross Revenue is sales less credit notes, or in the case of Boohoo returns. Then if your business offers rebates and/or discount these come off the total to give you Net Revenue.

People Power - my point is simply that returns are problem for the whole of online shopping. Can you prove that returns are any more of an issue for Boohoo than they are for ASOS or Shein? It's an accepted cost of the business. Do you know how Boohoo process returns? Boohoo have spent millions in automation and repacking/bagging can take seconds with a 3D machine.

For the love of god revenue and sales are the same thing.

While you are banging on with your returns narrative you are completely ignoring the positives form the latest trading update:

· Gross margin for the period of 49.7% is broadly in line with expectations, and expected to improve year on year in P4 with a reduction in markdown activity anticipated compared to the same period last year

· Inventory continues to be tightly controlled, with improving speed and flexibility within our global supply base and inventory significantly reduced, down 27% year on year

· Improvements in cash generation through tighter inventory management, cost control and an improved working capital cycle

· Successful launch of automation in the Group's distribution centre in Sheffield, with improvements to efficiency ramping up over the coming months in line with expectations

· Progress continues to be made with our US distribution centre, driving a step change in our customer proposition, expected to launch with a phased approach over 2023 and early 2024

I didn't realise Idmb was owned my Amazon.