Dr. Martens Share Discussion Threads

[clocktower] 12/6/2024 15:55

I think it is safe to short this again, as no bid looks like coming, and maybe the rumor was a scam to unload a pile of stock at a far higher value than it is really worth.

The negatives - Debt - Poor business in the USA - UK sales slow - China could soon become another Russia.

Bright Spots - Japan for now but I expect the market to change there also.

[bigbigdave] 05/6/2024 06:25

RBC RAISES DR. MARTENS PRICE TARGET TO 80 (65) PENCE - 'SECTOR PERFORM'

[imjustdandy] 04/6/2024 10:14

Will go private for 40 pence or lower

[disc0dave46] 04/6/2024 10:05

I'd say £370mManagement seem clueless IMO.

[imjustdandy] 04/6/2024 07:40

Overvalued by 500m

[johndoe23] 31/5/2024 12:09

Looks a short, however, some companies have a habit of defying the fundamentals

[kemche] 31/5/2024 08:58

Dil - great minds!

[imjustdandy] 31/5/2024 08:56

Profit warning again at JD. Next warning here at DR M sees this crumble

[dil 21] 31/5/2024 07:57

Wow kemche great minds think alike. I got tons of those on your list too.

:-)

[imjustdandy] 31/5/2024 07:32

You can buy shag loads below the offer

[imjustdandy] 31/5/2024 07:24

Basket case looking at the balance sheet. 30 is fair value. 85 is nonsense

[kemche] 30/5/2024 13:33

Just because I have invested in stellar companies like RTOP, SLYME, VRS, UKOG, RRR, CRCL, VAST, ZED, ECOB, CHLL, TOM, BIDS etc does not give you the right to laugh at me.

[viking24] 30/5/2024 12:39

Interesting comp chart Birkenstock vs Dr.Martens

[castleford tiger] 30/5/2024 12:09

what sales figure are you working on to get 300m profit?
tiger

[hamhamham1] 30/5/2024 09:15

Look at birkenstock, market cap, their sales, profits and debt.
Docs look very cheap compared.
I think them or A&F will be the types of buyer here.
I don't think many designers are asset heavy, its about their brand and its perceived value.
Anyway, whether you buy or not, that's personal choice in investing i guess.

And in section 28 of the rns, see the leases amounts, half the net debt is made up of leases, personally I don't see them as typical debt, more a cost of doing business, they got a lot of retail outlets, etc.
Net debt is just calculated by subtracting total cash and cash equiv from short and long term debt (which Inc's leases).
Net debt isn't always a good indicator of the health of a company IMO. it doesn't show the whole story.

Yes sales are down and profits are vulnerable for the next year or so, but that attracts vultures, and if not, in a couple of years all will be cool IMO with EBITDA north of £300m IMO. and EBIT north of £250m.

[castleford tiger] 30/5/2024 08:57

The 100m is an historic profit and if revenue is down 20% its likley that a loss maybe reported in the first half.

Huge increase in debt to 357 m that will be costing £25m in charges.

I cannot see a valuation of a billion based on the current outlook.

There is still about 30% of the shares with the PE company that floated this off as well.

Its going to be a hell of a task turning this round.

Market cap wants to be 300/400m maximum because the balance sheet is very light on real assets.

Not for me but a bid could save the day.

[hamhamham1] 30/5/2024 08:33

Kemche

£100m profit before tax on a bad year, basketcase? Hilarious.

So you're invested in the likes of UKOG and VAST who never make a profit and just promise jam tomorrow, both of those will suck your money up and leave you poor.
Keep it up ;)

[kemche] 30/5/2024 08:19

Still a basketcase.

[hamhamham1] 30/5/2024 07:25

Just a matter of sitting on these for a couple of years for a double or treble IMO.
Interesting that the profit before tax would have been around £170m if they didn't have the depreciation and amortisation of £72.3m deductions.
£250m profit before tax is doable IMO in a couple of years.
Let's see. GLA.

But yes, IMO could also be that a big US brand will likely buy these on the cheap during the transition period. And thats the way it goes, it seems for cheap UK listed stocks.

[johndoe23] 30/5/2024 07:04

And it rises lol

[clocktower] 30/5/2024 06:58

The only thing that has held it up, is talk of a takeover but that might just have been a scam to manipulate the stock by a hedge fund imo.

DYOR

[castleford tiger] 30/5/2024 06:46

i said it before but worth saying again...........this could run out of cash.

The £50 million spent buying shares back at an average 1.25 each has seen debt balloon.
18 months left on bank deals and some breaches will start.

First half will probably show a greater decline and a gross loss........

could be a fire-sale of stock as they chase cash.

Why pay a dividend rather than saving cash?

It could be saved but share holders may get wiped out.

Tiger

[jubberjim] 30/5/2024 06:21

Summing it up

'Airsoles'

Not much bounce after these results

The shares should get a kicking

Stay safe

[clocktower] 30/5/2024 06:12

Debt ballooning as well as a huge fall in profits. Not a pretty picture.

[velocytongo] 27/5/2024 07:03

That’s what they said in the most recent trading statement.