Updates

Boohoo

July 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Results for the year ended February ’21 were ahead of forecasts with revenues and EBITDA increasing 41% and 37%, respectively, to £1,745m and £173.6m. EBITDA margin fell 0.2% to 10% but that was impressive given spiralling airfreight costs, partially offset by lower returns rates. In spite of capex (£49.3m) and acquisitions (£235.3m), net cash rose c. £35m to £276m. Those acquisitions of the online bits and IP of Oasis & Warehouse, Debenhams and Dorothy Perkins, Wallis and Burton were also margin dilutive as Boohoo invested in re-platforming and refreshing their propositions. Management believe they will contribute c. 5% or £87m FY’22 revenue growth. Debenhams, which en ...

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John Menzies

Coats

Boohoo (December 2021)

Boohoo (August 2021)

Boohoo Group - Boohoo Group Debenhams and Arcadia could be deals of the decade (March 2021)

Boohoo.com (February 2021)

Boohoo Group (December 2020)

Boohoo Group (November 2020)

Boohoo Group - Online fashion retailer sees sales soar during lockdown (October 2020)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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