jaytee41
26 Sep 2018
Price rise Oh yes, Carla in particular. Her escapades started the price crashing and eventually got me outta here
Uncle_Doug
26 Sep 2018
Price rise jaytee41: I’m surprised no one has mentioned today’s interim results. Oh I saw the results allright. Accountants can work wonders with figures. From past experience with these guys, I’m just a bit cautious … waiting to see if the Directors start selling their shares again before cracking open the champagne …
jaytee41
26 Sep 2018
Price rise I’m surprised no one has mentioned today’s interim results. Highlights Group · Revenue £395.3 million, up 50% (49% CER(6)) · Strong revenue growth across all geographies (UK: +43%; international: +62%). International now 41% of group revenue · Strong balance sheet with net cash of £155.6 million (2018: £119.2 million) with robust operating cash flow of £55.7 million (2018: £33.0 million) and free cash flow of £24.5m (+93%) · Distribution capabilities enhanced: PrettyLittleThing warehouse relocation completed; and automation of Burnley site to drive future efficiency is on schedule boohoo · Revenue £209.0 million, up 15% with market share gains in all focus markets · Gross margin 53.4%, up 110bps; retail gross margin 56.0%, up 160bps · 6.7 million active customers(7), up 15% on prior year · Market share and brand awareness increasing, supported by proposition investments · Next phase of fit-out and automation of distribution centre in Burnley on schedule for utilisation in 2019 PrettyLittleThing · Revenue £168.6 million, up 132% · Gross margin 57.3%, up 250bps; retail gross margin 59.0%, up 200bps · 4.0 million active customers, up 99% · Outstanding growth of market share and revenue in all markets · Successful relocation of distribution centre to Sheffield with significant capacity that can service the brand’s growth Nasty Gal · Revenue £17.7 million, up 111% · Gross margin 59.0%, down 480bps driven by refinements to the customer proposition · 0.6 million active customers, up 313% · Strong revenue growth in the USA and international markets Guidance Group revenue growth for the year to 28 February 2019 is expected to be 38% to 43%, up from our previous guidance of 35% to 40%, with adjusted EBITDA margin between 9% and 10%. We reiterate our medium term guidance to deliver sales growth of at least 25% per annum and EBITDA margin of 10%. Mahmud Kamani and Carol Kane, joint CEOs, commented: "Our group results for the first half year show yet another strong performance, delivering record sales and profits. All of our brands performed extremely well across all territories as we continue to gain market share. We achieved market-leading growth in all markets, with Rest of Europe and the USA being particularly pleasing. Growth in the UK, our largest market, remains very strong. We successfully executed a major relocation of the distribution centre for PrettyLittleThing, which represents a key milestone as we develop a distribution network capable of generating £3 billion of net sales globally, in line with our vision to lead the fashion eCommerce market. This relocation was carried out with a low level of disruption to the operations of PrettyLittleThing and is a credit to the project team. Our extended distribution centre in Burnley, which will have a significant element of automation to drive efficiency savings, is scheduled for operational use in 2019." Investor and Analyst Meeting A live audio webcast will be available at 9.30am via the following link: A replay will subsequently be available from 12 noon via the same link.
maerskcon1
26 Sep 2018
Price rise Good results again.
terence.mcguire
26 Sep 2018
Price rise About time if you ask me. Watch for the next off load of shares from the exec to see this tank again though.
barrymid99
26 Sep 2018
Price rise Large rise today. Any comments?
MaX_ProfOrdiS
23 Aug 2018
Price drop In principle an Amazon tax should be broadly tax neutral for Boohoo. Unlike a lot of the US corporations, Boohoo isn’t able to park its profits in offshore tax havens to avoid paying any (meaningful) corporation taxes. The US doesn’t appear to have anything equivalent to the UK’s CFC rules et al, so US corporations can happily park their profits in offshore tax havens until a (Republican) President takes office, takes pity on these poor US corporations and grants them a tax amnesty so that they can onshore their profits (and pay 10% tax rather than the normal 35%).
barrymid99
15 Aug 2018
Price drop Ah, I should perhaps have engaged the other brain cell.!!! Thank you.
deanogalloway
15 Aug 2018
Price drop Its the thought of an “amazon†tax on all internet businesses.
barrymid99
13 Aug 2018
Price drop Again!! Am I missing something? Currency issues?
Uncle_Doug
25 Jul 2018
Price drop Maybe the broker downgrade by Citigroup helped the drop. Also doesn’t help directors selling off whenever there seems to be a SP recovery.
barrymid99
25 Jul 2018
Price drop Why so much this morning? 25/7
maerskcon1
22 Jun 2018
Annual meeting Oh what a web the directors weave! I have to admit I have no idea now who owns what shares in the company. I know I have my small holding and appreciate the company appears to be going in the right d irection but at what cost. Time will tell! I shall have to start looking for the next boo hoo.
arney1
20 Jun 2018
Great things ahead If the future was so bright, why would the Directors keep selling?
younginvestor95
18 Jun 2018
Great things ahead Every week i’m on the internet recently I seem to be getting more and more intrigued at where this company is heading, mostly due to their seamless pushing of advertisement. recent things I have seen include: : huge social media influence from the company itself, including the use of memes and other substance to keep within the limelight and generate huge indirect advertisement of the company through shares and tags, as appose to the cost of celebrity endorsement : targeted emails and text messages from the company to its users with discount incentives on a weekly basis although this is only a couple of things, its a way of boohoo increasing their voice about the company without actually spending a huge amount of money. I’ve also not seem ASOS do this with their users or social media accounts and to me shows how much thought boohoo have behind their sales. Some might say this is only a small small difference in the grand scheme of things, but if they are thinking of these things, it shows to me the amount of effort they are putting into growing the company, and using very clever ways to do this without breaking the bank. This to me is a huge positive as appose to the weak director support we seem to have. let me know your thoughts please and whether you think i’m just clutching at straws. BW, YI
