Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Consumer confidence in Britain showed a slight decline in April, according to a GfK survey conducted for the month.
The Consumer Confidence indicator registered at negative 19 points, showing a marginal improvement of 2 points from the previous month.
This slight uptick contrasts with the significant 30-point drop observed in April last year.
Baha Breaking News (BBN) / NL
Kamani brothers have left fashion & gone in to interior design. https://www.retailgazette.co.uk/blog/2024/04/prettylittlething-interiors/
Frasers job cuts are coming https://www.retailgazette.co.uk/blog/2024/04/frasers-manchester-office/
Growth sector is second-hand clothing - https://www.retail-week.com/fashion/as-vinted-dominates-pre-loved-fashion-are-retailers-missing-a-trick/7046058.article
Kf, looking at the last five years , THG have never made a profit.
Boo strategy to me is clear, whether it pays off remains to be seen. I'd guess most retailers would love to have a profitable Debenhams in their brand portfolio. It's the key opportunity, along with the US, and could be worth the current group market cap by itself in a couple of years.
Just watch those on two-wheels Daytrade. They will snatch your bag & leave you pennyless.
You need to be quick on AIM to stay alive at present.
Prob best to compare this with the m25.
Round and round in circles going nowhere fast in a congested market, plenty of damaging potholes knocking chunks off the motor, needs a full resurface, in places a rebuild, and still nobody seems to want a piece of it..
If folks had thought the low 40's were coming they would have sold years ago on the way down
That has been called shorting on here
Lows 40's is a ramp target now
BDF - I take your point and do see the arguement you are making but THG have made past profits. I suppose this helps your arguement if anything, but they were profitable until the headlines came along, similar to Boo. I agree on the brand staple but disagree on the strategic vision. Personally I also think they have some strengths we don't, but no business is going to be a true like for like comparison.
"I've done my research"
And I've never laughed as much as when I read that.
The argument is immensely simple.
Boo and THG are both consumer fmcg businesses whose sp:s used to track each other closely. The difference being that THG has never made a profit and is a weaker business without the Boo brand stable or strategic vision
If one can grow sp by 200% so can the other. There are also plenty of other examples.
If I thought low 40s was the limit I'd take the hit if I was you tbh
Raise the Jolly Roger - BOO SP will take a hit tomorrow.
Swim or go under. Just heard that from a man marooned on a desert island surrounded by shark infested waters.
A planned short exit may also likely happen. No proof until it happens...
THG and BOO are different businesses so not sure what your argument is? Ask yourself why both takeover deals collapsed for THG? Mainly because Matthew Moulding is unpredictable and there is a lack of strategic direction under his leadership.
Any business that has traded for 10 plus years goes through periods of profitibility/growth and leaner/tougher times.
The strong models survive and challange costs/trim waste and when the economy is better they reap the benefits. There will be more money around in society as interest rates go lower. Money will leave high interest bank accounts and look for value/beaten down stocks.
Its just a case of if you think BOO will be one of those customers that will benefit when people have more money in their pockets.
BOO was priced for perfection through Covid and when it was over £3.50. It is now priced for a world the end of the world.
I know one thing this crap weather aint helping. Who is going to be looking to replen their summer wardrobe when you still need a jacket.
Kf I've done my research and THG is still over 70% above its low.
Why do you think there were takeover rumours, maybe because the business was fundamentally undervalued perhaps?
Agreed
60p would be pleasant, 40p would still give a decent profit, fingers crossed for those with higher averages
Company has been a great success story
Kara
'Why would you buy these shares until there is a positive update from the company; I've been sitting on zero growth for two years - investors will think that there money is deployed elsewhere until the tide turns.'
I suppose the old argument is that because you believe there is an optimistic future and want to get in before the positive news and subsequent higher entry price. Otherwise I agree. I posted a while back that one of the biggest dangers here is that it could be a value trap, one which I appear to have fallen for. I don't believe they are going bust and the balance sheet is still decent, so value trap is by far the most likely bad outcome from holding here. All comes down to speculation really, which the market thinks is going to be negative by the looks of it.
The only reason I have held here over the last few years albeit some trimming at 40p and rebuying at 33p is that BOO have some decent strengths that just aren't being leveraged at the moment. I'm sure some competitors would kill to own the portfolio of brands they do coupled with a decent balance sheet and potential growth in US with the distribution centre.
Personally, I am going to see what the results bring before deciding to continue to hold or move on.
Sam - not all of us are underwater here. 60p would be not far off a 100% return for those who bought in low 30s and would be very welcome and thus an attractive prospect to investing at these levels, if you think 60p is achievable that is.
60p
How many poor pocked in souls would that help?
60p is that a rerate??
Why would you buy these shares until there is a positive update from the company; I've been sitting on zero growth for two years - investors will think that there money is deployed elsewhere until the tide turns.
If there is a sign of positive change then it can rerate but Management need to communicate with the market regularly - my hope is now for a takeover - anything north of 60p works for me!
Bfd - do your research - THG rose because of takeover rumours - nothing else - it dropped as quickly as it rose when both deals collapsed.
Come along Tradey burns, get yourself a new piece of vinyl to spin round like a record.
£17 million quid IS "disappearing from the coffers"
As a consequence of the companies own doing.
Exactly as the article confirms.
No missinformation there at all, except in your imagination.
Are you a Millwall fan, per chance?
Atleast it’s now coming to end.
Like they said… in the rear view mirror.
Have you reported yourself for posting yet more misleading information daytrade?
Daytradenovice
Posted in: BOO
Posts: 11,906
Price: 33.62
No Opinion
Class action settlement24 Apr 2024 18:14
Few more quid disappearing from the coffers.
https://sourcingjournal.com/topics/business-news/boohoo-final-settlement-class-action-lawsuit-usa-nasty-gal-habberfield-506639/
The low volume peddled out again.
Same old excuse
Seems the market fully agrees with your view Kachrafilter, hence the stagnant sp.
Seems nobody wants to buy this, rampers chunter that low volumes of trades i.e. the usual "manipulation" excuse used by them is responsible for this, but much more likely people just choosing not to sell up if under, nor buy any more or buy at all as a new entrant. people just sitting on their hands through losses or just plain lack of investment return.
The radio silence from Bod after the repeated bad news items and scandal here is very much to blame. Folks scared off by the 90% fall and lack of fightback by the business at any point, in what we are continually told, is a growing market
I agree Kachra. I would suggest re-watching last October's conference call. There is a lot of fat BOO can claw back and hopefully not put it all into cost and proposition for the customer to retain market share.
In my opinion BOO are in a very good place now for growth and the long and expensive lead times were a HUGE problem for BOO. Speed is up and costs are down and with the US distribution centre and automation now coming into fruition we could be back to growth in no time. There is also not a historic ageing stock problem here like our compatriot's ASOS with FY24 running at an extremely streamlined stock profile.
Fingers are well and truely crossed for the start of May. Anything under 17% top line revenue decline will be a bonus here as wemove towards our medium term margin of 6-8%. Mahmud confident we can get back to 10% in the not so near future.
BOO have already confirmed we are within "Market expectations" so there should be some positives around the corner .
Thg rose almost 200% from it's all time low, although it has retraced since, and is a weaker business than Boo.
Why do you think Boo can't do the same?