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boohoo.com plc........NEW HOT IPO. (BOO)     

goldfinger - 07 Mar 2014 08:30

For Immediate Release
7 March 2014

boohoo.com plc
("boohoo" or the "Company")

Announcement of Placing details and Admission to AIM

Successful Placing to raise £300 million
Market capitalisation of £560 million at Placing Price
Trading starts 14 March 2014 on AIM

boohoo, one of the UK's largest pure-play online, own brand fashion retailers, today announces the successful pricing of its initial public offering ("the IPO") and the placing ("the Placing") of 600 million ordinary shares at 50p per share. It is expected that dealings will commence on AIM at 8.00 a.m. on 14 March 2014.

The Company designs, sources, markets and sells the latest on-trend fashions through the www.boohoo.com website to a core market of 16-24 year old consumers. boohoo is a well-established brand in the UK, Ireland and Australia and currently sells its products into over 100 countries.

boohoo is raising gross proceeds of approximately £300 million, £50 million of which will be used to accelerate its expansion and enhance its working capital base. A proportion of the money raised will be used as part of a multi-stage development plan to grow the Company's distribution facilities and repay the outstanding mortgage on its Burnley warehouse, in addition to funding the infrastructure and IT systems to support future international growth. Approximately £240 million will be used to repay the Convertible Loan notes held by the Company's existing shareholders. Following Admission the Board and the Kamani family will hold approximately 44% of the Company's enlarged share capital. On Admission, the Company is expected to have net cash of approximately £50 million.

The Company is expected to join AIM on 14 March 2014 with a market capitalisation at the Placing Price of approximately £560 million.

The Ordinary Shares will trade under the ticker "BOO" and the ISIN number is: JE00BG6L7297. Zeus Capital is acting as NOMAD and Sole Broker to the Company.

Company highlights

· A strong brand identity and competitive position
o Founded in 2006, boohoo has grown rapidly, developing a brand identity and an international online proposition, and now has over 2.3 million active customers, with approximately 140,000 new customers registering on the website per month
o High fashion, high quality and low price products
o Limited number of direct competitors, focused on a similar age group and price point

· Agile supply chain facilitated by a unique 'Trial and Repeat' model
o Trends transferred from catwalk to closet in as little as six weeks
o Low stock cover of just seven to eight weeks

· A successful track record of revenue generation and profit growth
o For the ten months to December 2013, sales increased by 70% to £91.9m and adjusted EBITDA grew 188% to £10.1m (versus £54.1m and £3.5m respectively for the same period in the prior year)
o Exclusively own brand offering, generating gross margins of over 60 per cent

· A highly experienced management team
o Founded by Joint Chief Executives, Mahmud Kamani and Carol Kane, who together have a long history of supplying fashionable clothing, accessories and shoes to high street retailers

· Demonstrated international growth
o Currently operates an English language website for all sales in the UK and globally and a local French language website launched in October 2013
o 37% of sales were international for the ten months to December 2013, growing from £18m to £34m

· A compelling growth market
o The global apparel retail market has grown at an average annual growth rate of 2.8% per annum since 2008 and is expected to be worth £987 billion by 2017. Online retail sales are forecast to take 23.5% of total fashion retail sales by 2016 in the UK
o Expansion of the current product range, will allow boohoo to broaden its appeal, supported by engagement through interactive content and marketing
o The Directors believe that boohoo's exciting growth prospects are underpinned by forecast growth in both the domestic and international online fashion retail markets, the Company's highly efficient sourcing model and a robust infrastructure development plan

Commenting on the announcement, Mahmud Kamani, Joint Chief Executive of boohoo, said:

"We are delighted to announce that our initial public offering has been successful. The placing and Admission to AIM marks a significant step for boohoo as we invest in this exciting growth opportunity underpinned by the rapidly growing online retail market.

We would like to welcome our new shareholders to the Company and look forward to continuing to develop our business providing market leading customer service for on-trend, value led fashion clothing and accessories as a publicly quoted company."

Carol Kane, Joint Chief Executive of boohoo, said:

"boohoo is a lifestyle driven, online destination and the 'go to' for the latest fashion trends at affordable prices. We are confident that our competitive position and growing customer base means that we are well placed to capitalise on the fast growing online fashion retail market. Our success to date, coupled with our exciting expansion plans, makes this an ideal time to bring the Company to AIM."




Enquiries:

boohoo.com plc
Mahmud Kamani, Joint Chief Executive
Carol Kane, Joint Chief Executive
Neil Catto, Chief Financial Officer

c/o Buchanan +44 (0)20 7466 5000
Buchanan - Financial PR adviser
Richard Oldworth
Helen Chan
Gabriella Clinkard

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Balerboy - 13 Apr 2016 10:56 - 161 of 488

You got out too early harry.

HARRYCAT - 13 Apr 2016 11:43 - 162 of 488

Story of my life!!!! ;o)

I will keep trading this though, as there are peaks and troughs.

HARRYCAT - 18 Apr 2016 08:26 - 163 of 488

Appointment of Non-Executive Director
Boohoo, one of the UK's largest pure-play online, own brand fashion retailers, is pleased to announce that Sara Murray is joining the Board as non-executive director with immediate effect.

Sara is a serial entrepreneur who has successfully started, grown and sold three technology companies. Her first business, Ninah Consulting, a specialist management consultancy focused on pharmaceutical, retail and financial services strategy was sold to ZenithOptimedia, a subsidiary of Publicis Groupe in 2003. She founded and built Inspop Ltd, owner of Confused.com, the online insurance marketplace which was sold to Admiral Group in 2002. Sara also started Buddi, the leading remote health and location monitoring technology business in 2005. In addition, Sara is an Executive Committee/ PLC Directors' Advisor to Travis Perkins plc.

Peter Williams, non-executive Chairman, commented:
"I am delighted to welcome Sara to the Company. Her experience in founding and developing successful technology businesses will be a great asset to the board. Sara's entrepreneurial spirit perfectly reflects boohoo's culture and growth ambitions and we very much look forward to working with her."

Balerboy - 18 Apr 2016 19:42 - 164 of 488

50P..... FIFTY PENCE CRACKED...... whooo hooooooo. Kerching... Sorry harry it had to be said.,.

HARRYCAT - 18 Apr 2016 20:12 - 165 of 488

Well done Bb for keeping the faith!

HARRYCAT - 26 Apr 2016 08:05 - 166 of 488

StockMarketWire.com
boohoo.com's pre-tax profits rose by 42% to GBP15.7m in the year to the end of February.

Revenues were up 40% at GBP195.4m and gross profits rose by 33% to GBP112.9m although margins of 57.8% were down from 60.8% last time.

Joint chief executives Mahmud Kamani and Carol Kane said: "We are pleased to report a year of strong revenue growth across all geographic regions. Active customer numbers, order frequency and conversion have all increased on last year as we continue to invest in building customer lifetime value. By refining the mix of promotional and marketing expenditure in each of our key markets, we have achieved growth ahead of our plans.

"The expansion of our product range has been very well received by our customers and contributed to the strong growth, with the new petite range performing very well along with plus-size which was introduced last year and continues to grow rapidly.

"We have enhanced the mobile experience through new apps in UK, USA and Australia as well as introducing more flexible delivery and return options and later next day delivery cut off times.

"The warehouse extension has enabled us to operate smoothly through the peak period this year and will provide sufficient capacity for future growth. We have also secured additional office premises adjacent to our head office in central Manchester which will be developed during 2016.

"The worldwide market for internet fashion sales continues to expand as shopping preferences lean towards the convenience and price advantage afforded by internet retailers. We have built a brand and infrastructure to capitalise upon this opportunity and we will continue to grow our market share globally by focussing on key markets.

"We have had an encouraging start to the 2017 financial year and we currently anticipate sales growth of c.25% for the financial year, in line with current market expectations. We will continue to look at opportunities to invest in incremental growth, which may impact margins on a short term basis, although we will look to maintain EBITDA margins at similar levels to the financial year just ended (in line with current market expectations)."

Balerboy - 26 Apr 2016 15:55 - 167 of 488

OH YES!

HARRYCAT - 27 Apr 2016 07:40 - 168 of 488

Don't forget to take profit Bb. Looks like the SP is heading down in the short term.

Balerboy - 24 May 2016 08:46 - 169 of 488

Who was it told me to take profit..... @48p ... :)

HARRYCAT - 24 May 2016 08:49 - 170 of 488

Yep, still looking good Bb, though at some point it would be advisable, imo, to take some profit. Nice steady rise though on the chart. Difficult to say if it is now reasonably valued. Market Cap of £581m, PE 38, forecast EPS growth c25%.

Balerboy - 27 May 2016 20:27 - 171 of 488

No I meant I did take profit at 48p .... lol.still got main holding. :()

HARRYCAT - 08 Jun 2016 08:03 - 172 of 488

StockMarketWire.com
boohoo.com's revenue rose to £58.2m in the three months to the end of May - up 41% on a year ago and 42% at constant exchange rates.

The group reports a strong UK performance supported by third party sales.

Retail gross margin was57.6%, down 300 bps on prior year, driven by planned investments in price and customer proposition.

Marketing expenditure reduced as a percentage of sales, offsetting retail margin decline.

Other highlights:
- Overall gross margin 56%

- 4.2 million active customers, up 30% on prior year

- £61m cash on balance sheet Joint chief executives Mahmud Kamani and Carol Kane commented: "We are encouraged by our performance in the first quarter, with revenue growth in all geographic regions and slightly ahead of our expectations. Our international business continues to gather momentum and accounts for 36% of revenue. "Profitability has improved as marketing expenditure, as a percentage of revenue, has been reduced, in line with our strategy of improving the customer proposition to build customer lifetime value.

"We continue to broaden our product range, increase our fashion appeal and offer incredible prices. Active customer numbers, order frequency, basket size and conversion continue to climb. "Our warehouse expansion programme continues with the fit-out of three additional mezzanine floors nearing completion and planning is underway for a new building on the adjacent site to meet our future capacity requirements. "We now expect sales growth for the financial year of between 25% and 30%. We expect EBITDA margins in line with last year although we will look at opportunities to drive incremental growth by investing in the customer proposition and our international markets. We continue to execute on our strategy and refine our ecommerce platform to deliver a market-leading shopping experience for fashionable product at incredible prices."

HARRYCAT - 08 Jun 2016 09:30 - 173 of 488

Peel Hunt today reaffirms its buy investment rating on Boohoo.com Plc (LON:BOO) and raised its price target to 70p (from 60p).

HARRYCAT - 08 Jun 2016 13:46 - 174 of 488

Jeffries comment today:
"Our conclusions. A strong beat and raise start to the year thanks to results of prior year investment. A guide of c.25% revenue growth for FY17 moves up to a range of +25% to +30%; however, as the company sees this growth come through, it will be ploughing it back into the business, maintaining EBITDA margins around 9.5%-10% over the next few years.
Valuation/RisksWith boohoo showing strong growth all down its P&L, we put it on a peer group P/E and PEG mean multiples of 41.6x and 1.2x to get to our new PT of 65p, 38.0x 2017 P/E, Buy. Key risk is execution, eCom and technology.

HARRYCAT - 08 Jun 2016 13:49 - 175 of 488

Citigroup note:
"boohoo has announced a very strong trading statement with overall sales growth of +41%. The UK sales growth of +42% is particularly strong given the recent weakness in apparel sales, again highlighting how the structural shift to online retailing has not decelerated. Based on the strong 1Q trading and the slight raise to guidance (FY17 sales +25-30% from c.+25%), it is likely that consensus forecasts nudge up on the back of this statement.
1Q sales +41% (Citi +30%)
This splits UK +42%, Rest of Europe +40% and Rest of World +37% (Citi +30%, +30%, +30%). In ccy neutral terms growth was +42% for the group with RoE growing at +43% ccy neutral. Overall this compares to growth of +35% in the same period last year and represents a 2-year growth of +75%, ahead of the 2-year growth of +64% reported in 4Q16.
Gross margin 57.6%, -300bps yoy (Citi -350bps)
Gross margin came in at 57.6%, -300bps yoy, driven by planned investments in price and customer proposition.

Guidance raised slightly
boohoo has raised sales guidance to +25-30% yoy, from c.+25%. boohoo expects EBITDA margins to be level yoy.
Implications
FY17e consensus PBT expected to rise marginally — Based on the strong 1Q trading and the slight raise to guidance, it is likely that consensus forecasts nudge up on the back of this statement. For the record, Citi forecast FY17e PBT of £19.5m, (EPS 1.37p, +26.3% yoy), based on sales growth of +25%, GM -170bps and EBIT margins up +10bps yoy.
Growth and profitability justify value
boohoo is a profitable online retailer that generates healthy cashflow. Despite inevitable expansion risks and our preference for aggregation models, we see boohoo as offering long-term structural growth within a clearly-defined market segment where it has significant operational advantages vs peers. Our base case is that margins will be broadly maintained as the company grows. In conjunction with a strong balance sheet, this drives our enthusiasm for the shares.
Buy, target price 65p
Our 65p target price is based on a 10-year DCF. This incorporates a +14% 2017-27e sales CAGR and a terminal EBIT margin of 8%. On 2019e numbers, this equates to a 1.7x EV/Sales multiple and a 31x PE multiple."

Balerboy - 12 Jul 2016 08:09 - 176 of 488

Nearly at city group target . +60p today. Glad I topped up when I did.

HARRYCAT - 22 Jul 2016 15:08 - 177 of 488

Barclays Capital today reaffirms its overweight investment rating on Boohoo.com Plc (LON:BOO) and raised its price target to 68p (from 60p).

Balerboy - 25 Jul 2016 19:44 - 178 of 488

+63p today. Lubly jubley

Balerboy - 26 Jul 2016 08:22 - 179 of 488

+64p

Balerboy - 26 Jul 2016 08:35 - 180 of 488

Motley fool take on boohoo.
Boohoo.Com (LSE: BOO). The online fashion retailer has international operations, so weakness in the UK economy may be offset by strength from its foreign operations. Furthermore, Boohoo is a relatively cheap place to shop and so it could enjoy a boost to sales if shoppers feel the pinch and decide to trade downwards. This is what occurred during the credit crunch and history could well repeat itself in 2016 and beyond.

In addition, Boohoo sells its own-label products. This means that over recent years it has built up a degree of customer loyalty that could make its goods less price elastic. This could shelter Boohoo from a potential downturn in the UK economy and with its shares trading on a price-to-earnings growth (PEG) ratio of only 1.3, they seem to offer a sufficiently wide margin of safety to merit purchase at the present time.


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