Tomorrow sees $BOO.L FY results announcement. An important day for me as Boohoo is my largest holding at 12.2% of pf. Last Oct 5th I tweeted My estimate of the FY outcome.
This was for a full year revenues in excess of £1,787m.
This was for a full year revenues in excess of £1,787m.
https://twitter.com/MBroomSmith/status/1313149626967564290
$ASOS.L delivered strong results so if I was to do anything I would I’d revise this revenue figure upwards. Further the purchase of the central London office would indicate that management think that they are on course to execute their long term plan. We will see tomorrow. #BOO.
$BOO.L #BOO I was looking for £1,787m or there abouts with a back of the envelope calculation, so am very happy with the £1,745m. All the profit figures are up 35% to 40% and Gross margin up 20bps.
What would I like to see now? I think they should start to use some of the cash pile to buy back stock as it is trading well below intrinsic value. Indeed I am not sure purchase rather than leasing the Central London office was a good use of capital.
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