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The Sheffield auotmation is really allowing some incredible cost efficiencies here.
Could be the best £150m BOO have spent.
This could be massive on the bottom line!
I would love for BOO to move for Ted Baker, i think the group could work wonders on it.
It's the gimpy quotes and sayings that gave you away. Sad tw. t 😂
So you are! Yeah, couldn't hack it, like you with work in general.
'Shall I compare thee to a summers day'
Are you the failed teacher that went to Asia because you couldn't hack it here??
You sound exactly like Daytrade
Not in the slightest Alex.
Currently in profit and relaxed about my considered purchase, thankful that I hadn't bought previously.
Potentially green shoots within the sector
How about yourself, can your have a pleasant long weekend knowing your share ownership here is fruitful?
You must be regretting that investment Sam. Why don’t you sell out before things get much worse?
There's a village missing it's i d i o t
Could it be a case of redundancies due to reduced revenue? We are set up for 4 billion but maybe doing something over a third of that?
"He offered me 4%. I’m guessing that’s 4% on the market value p.a.? But I did not go into it so am not 100% sure."
Great story.
Also shows how flabby the business was as well! Maybe more than £125m of savings….
Come to daddy...
(I'll take my medication now!)
All IMHO DYOR
Happy
A Sheffield media outlet The Star reports job losses at the BooHoo Sheffield warehouse following efficiencies from automation.
Looks like the cost base is being driven lower. Bad times force companies to streamline costs. That is why when better times come the profit impact can be exceptional.
On the share loan point, I did wonder if it was getting more difficult to find stock for loan? I do not allow loaning, yet they still asked me?
He offered me 4%. I’m guessing that’s 4% on the market value p.a.? But I did not go into it so am not 100% sure.
Https://www.londonstockexchange.com/equities-trading/business-days
Alex1621 what benefit would it be for you to lend out your shares?
Agreed.
We have had some uplift on the back of asos, we need our own positive results to do the heavy lifting.
Others have posted positive results, ours have to be or the Helter skelter of doom continues
Big dip this morning. Yesterday afternoon I received a call forum my broker asking me if I wanted to loan out my shares. That’s the second time. I selected the no lending button on my account yet they still ask? So someone shopping around for stock, presumably to short. Only good updates will see this pattern off.
Padd1 sadly there are some right d1ckheads on here.
For me, after yesterday, am sorry to see big dip this morning.
A discussion about Boo being exonerated by the CMA and not facing potentially serious brand damage from prosecution is more than worthy of discussion on this forum.
Just look at some of the fines the CMA have handed out in recent years to many well known brands including Facebook and across many different industries.
I'd agree the pointless six year old name calling and middle of the night posting by obviously uninvested trolls with faux rage adds nothing to the debate
Any chance this chat forum could get back to sensible analysis of Boo rather than the toxic comments currently going backwards and forwards?
I understand lots of people get kicks out of hiding behind their keyboards abusing one another but if you haven't got anything valuable to say can't you just be silent instead of abusive?
And for clarity Knob, the post doesn't deny the agreement was signed, it clearly was. DTN stated it was signed to mitigate further actions which it clearly wasn't.
"DTN, where in the article does it clearly state that agreement was signed to mitigate further actions? It doesn't but it does make clear no guilt is being applied. So quit with the usual nonsense."
"We are pleased to announce that the CMA has now completed its investigation and has not found boohoo to have breached any consumer protection law. The investigation has, therefore, not resulted in any legal action being brought against boohoo."
Knob, simple not lie, no breach of the law.
"Next you'll be claiming that the CMA isn't a regulator"
Knob, no breach of the law , otherwisethe regulator would have prosecuted.
"The undertakings have been provided to the CMA voluntarily and without any admission of wrongdoing or liability. It should not be assumed that ASOS, Boohoo, or George at Asda have breached the law – at present, only a court can decide whether a breach has occurred."
Knob, no breach of the law.
"It would have been lovely if Boohoo had been making fully accurate claims in the first instance, in a way that avoided a market regulator investigating and compelling Boohoo and two other companies into ceasing said practices. As I've always said: I just wish that Boohoo would fly straight. It is absolutely clear that this is a settlement. A signed agreement between regulator and the regulated which, if adhered to, will avert (or mitigate if you like) the need for the CMA to take additional action such as issuing fines or pursuing prosecution. A last chance warning, if ever there was one.
Exposed for ouright lying yet again, Tradey and Spunk. Next you'll be claiming that the CMA isn't a regulator, and that you are actually the law. I bet the moderators are in for a super hard time from you this morning, under fire to make this thread disappear."
I dont think anything BOO will do will meet your expectations. I understand you are no longer invested financially. Why care? Why care so much at 0326 in the morning to write war and peace?