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Glad I sold out ABF earlier this month and went big into BOO @260. Already up 9% on my BOO but I expect the inevitable return to 300 soon. ABF have fallen again.
Uncles already in there and been blabbing on about £4.50 for ages, while its dropped lower and lower. He's just dreamping here and ramping the slave trader to recover his money. All in his history, be careful when listening to him. DYOR
@Kallu "And then we can debate the precise figures etc."
1. I'm beginning intensive ministry training in two weeks and I'm dropping out of share discussions at that point if not sooner, so I'll pass on the discussion.
2. I will say that since no one knows the future, "precise figures" as to share valuations, especially as share prices are largely forward-looking, are a fiction. No one knows what revenues will be like. No one knows if there will be another pandemic or not, or whether there will be a huge pushback (already manifesting a lot of places) against lockdowns and mask mandates. No one knows what the effect of the massive deficit spending is going to be. And so on....
Still not answered why 110 especially as you do not look at share price. Funny you avoid a simple question but continue to ask others why sell at price they have set!?
Barriers to entry online and setting up new high st shop is easy, it's building the brand getting the revenues that is hard and Boo has been rocking it every year pre and post covid, less footfall on high st and yes rent may be cheaper now (for a reason) but not sustainable unfortunately.
"Kallu why sell at 110 why not 150,it was over 1000 back in 2007."
@AATM this is investment, share price is useless to look at as I told"
If share price is useless then how do you know when to sell!? Why sell at 110, or did you not know the share price at the time of hitting sell button!! Very strange., Probably why you're holding ABF and not knowing it's downward trend every year for past 5 years. Looking at share price constantly or over short period might not makes sense but most would review after 5 years....
In trade only 5% of holdings remaining 95% is in company pension (avoids 40%tax as taken from my gross pay), can choose company pension funds and heavily invested in North American equities which has had staggering returns over past 20 years of investing (takes the strain out of large investments).
Yes Boo designer may have set up new website just like new retail shops can set up on the high st, your point is?
ABF even!
I bought into AFB this week for a number of reasons.
One of the reasons being is that I believe the shift to online is being overdone as far as retail is concerned.
Yes, buy your weekly shopping on line at Tesco because the weekly shop can be a chore…
However, there is room for a high street presence because as humans many of us enjoy going out with friends and family to buy clothes/fashion items.
Sometimes we make a day of it. And if the number of opportunities keeps decreasing then Primark stands to gain whilst other brands carry on with their online dog fight.
Kallu why sell at 110 why not 150,it was over 1000 back in 2007.
House of Fraser Group were down as there was a mandatory shutdown of stores, nothing in it other than that.
Investing in boohoo is high risk with the likes of shein taking rapid market share, they will leave nothing but a few crumbs for the likes of asos and boohoo, then more players will come online as there is very little barriers to entry.
Uncle Doug, Boohoo will always be plagued by the Leicester factories debacle, it will keep blowing up in its face, might seem cheap but leave well alone.
I have to agree that the trend is moving away from the High Street. And that’s one of the reasons why ABF is trading just above its lows of last year when the fear of C-19 was at its greatest.
It’s up to management to navigate Primark’s route successfully.
Online? Flagship stores…who knows, but they’re the ones paid the big monies to find solutions.
If they do, £30 a share will be cheap.
House of Fraser Group reports profits down a staggering 94.1%
More proof the High Street and shopping centre are dead.
Trend had been going this way for 5 years but Covid has really exacerbated the move to online.
I've switched out of ABF into BOO - they're at a very good price now.
c £20 seems a great entry point.
I bought at about 2080 because I believed the LT value was at least 30% higher than that.
I would probably sell around 2800 because I'm not sure how high the value is or will be and I am entering a phase of my life where I don't want to or need to be spending time researching shares. So I'm going to be paying less attention. So if we reach a price where I'm no longer certain it is undervalued, I will just take profit.
I'm pretty sure anything up to somewhere around 2800 is undervalued. Beyond that, I'm not as sure. So if we hit that level, I'll either need to double down on research to re-evaluate and decide whether I still think it is undervalued or not, or sell. Other life ramifications will dictate that the decision would be to sell.
If Primark is booming by that point and anyone with half a brain can see that it's worth 3500 or more, that might change my mind. But right now, my view is that up to 2800 we are clearly undervalued, above that it is not so clear.
If I were intending to stay an active investor my answer might be different.
@Kall, I bought into ABF in late December 2018 when the SP dropped below 2100. Seemed too good to pass up. Obviously, if I'd known what was coming I could have taken profits at 2500 and then bought back in when it dropped again, but none of us knows the future.
I could hold this for up to 15 years but I probably won't. It's in a SIPP so it is a LTH hold for me. I suspect if we hit 2800 or so I'll cash out.
. The government should be regulating and not letting people with insufficient knowledge gamble on stocks."
I've done well as I trade and not be held to one share (watching it go down every year for 5 years)
How is discussing Joules, RL, Underarmour, ASOS, Next results defined as preaching"
Because with every post there is the obligatory "Primark is rammed" and get out of Boo as online will deteriorate. Which shows how silly you are trying to convert the online shareholders to bricks and mortar (against trends seen across the globe, those that travel and not just look in their local Primark).
LSE should restrict you from posting garbage like saying you have a team of analysts and with small movements you've earned equivalent to 6 detached houses in the south (more like plastic houses on a board game).
Warren buffet was commenting on short term decline over past 5 years the share price has doubled. When I mean short term I don't mean your version of short term of decades ether!
F Boo boards are such a bunch of gamblers what are you doing there preaching to the not wanting to be converted. As you said even Warren gets things wrong but unlike you he gets out of shares sometimes and arts he was wrong , you seem to be deluded thinking Primark will rule the world, Mr Market is abetter gauge than you and your team of anaysts (yeah right..
Share price does not matter to investors"
Think most would disagree even those on this chat forum! I'm sure if Warren buffets Berkshire Hathaway share price declined every year for the past 5 years the annual GM would be voicing their concerns.
The basic rules of investment by Benjamin Graham state, don't get swayed by Mr market take advantage of it"
Not what you said on Boo forum, don't catch a falling knife is what you said. That is usually mentioned on short term volatility however holding onto ABF is like flogging a dead horse ( for 5 years, which is very short term for you I expect). Smart invested would have seen the downward trend sold early and buy more shares for the same price later.
"one should not buy an investment they are not willing to hold for a decade or more."
This would lock out anyone over the age of 70 from investing, and many people as they approach retirement. It's simply not sound investment strategy.
It's entirely appropriate to have a mix of short term, medium term, and long term investments.
Wouldn't consider 5 years short term!
Just accept Mr market does not rate ABF like you do. Maybe they look at share price trends ( after all we are here to make money) and they actually believe the shift to online trends (rather than hiding behind bricks&mortar wall)....
When you buy a farm look at what the farm would produce, don't look at what the next door neighbour is offering"
Would not even call Boo next door but you seem to like watching or is that manuring everywhere...
Past month looks similar trend to past 5 years, downward trajectory. At least Boo has been rising, looking at abf peaks and troughs are getting lower each year.