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it isnt just about selling stuff on a website. the business model is pretty unique actually. that said, the shares had a good run and were always at risk of a bout of profit taking during the quiet period.
yeah 320 seems like a good price to get in at.
could see some big things in the pipeline, and yet to see the brands they bought being turned around which is more good revenue streams
I've sold cheap clothes to the american market before via dropshopping and it's amazing just how american girls are pulled in by the sort of appeal boohoo has - the sexy girls, the skimpy clothes. I personally don't even think the demographic will be working class, it will be spoilt daddy's girls splashing out on high volume orders on daddy's card. At ten quid an item they can buy ten a go and just wear them once if they want and throw them on the scrapheap after.
The growing sales in america are not going to slow down...
@clairesmith If I didn't know better I would think you were a deramper :) :) :)
Funny at first now you're just being nasty, obviously not invested here so why bother. Did you just see the big drop and thought ooh I will go and taunt a few people for losing money. Sad sad hobby
clairesmith - it looks to me that's what you'd like for Boohoo to open at tomorrow because you want to buy Boohoo shares.
320 open be epic I can buy more and keep building up my holding in this amazing company because at these rates I’ll be double bagging by 2023 so bargain share as 100k in here will be 200k plus by 2023
clairesmith - the beauty of Boohoo is they don't expand too quickly, they have that one right too, Boohoo are excellent at not expanding too quickly, at paying next to nothing for failed brands and turning them into revenue of £100m within 2 years. Please do your homework properly.
Claire cash on hand is huge at Boohoo and profits amazing and they keep coming.
Your seriously far off the mark if you think Boohoo is going To stop growing.
They are just getting started and their market share in USA will make huge gains and Middle East just open so all the sales to come from there and further expansion into other countries.
20BN this company will be in future and it shall be 3BN plus by 2023 and 2025 5BN plus easily, possibly more.
so tomorrow what do we recon, open at 320 and down from there?
clairesmith - H & M aren't interested in going after Boohoo. They have their own demographic and are very successful so no need for them to go after Boohoo.
Arcadia Group - In April 2019, it was reported that the Arcadia group, controlled by Philip Green's family, had recorded a £300m deficit into its pension fund, while the Green family had cashed out £1.2bn in dividends from Arcadia in 2005.
British MP Frank Field, who previously investigated the BHS pension deficit, has publicly criticised Philip Green for paying huge dividends to his family and friend Richard Caring "when things are going well", and making his employees pay "when things are not going well".
Philip Green won't be interested in trying to compete against Boohoo, it will cost him too much money.
Next are like H & M, they have their own demographic and are successful at what they do. They've no reason to go after Boohoo.
Primark owned by AB Foods have already stated it won't go online and it's sticking to shops.
ASOS - sell third party brands and don't make as much profit form their revenue as Boohoo do. ASOS have already risen and will be sticking to what they can do which is sell third party brands.
Research, research, research
1.5BN sales target says otherwise and adding capacity for 3.5BN I’ll go with the BOD who know their market.
Karen get back to Facebook!
@ ShareExpert ever hear of Icarus ?
the classic move by fast successful companies, expand invest and overreach. boohoo are spending alot, and need to make the money back or we know what happens to share prices...........
@ Trader258, what do you think fashion is beyond the utility of warmth and protection.
it's to create an image, and way to say a statement about one's self. punks with torn clothes, goth in dark garb, street wear with gucci belts etc...
and boohoo clothing says a very cheap and uncool statement.
Claire are you Karen from Facebook?
Also companies can try to come at Boohoo and Boohoo are superior and will beat them they are still expanding massively and growing at record rates and will continue to do so.
They are expanding to have 3.5BN sales capability and once that is all put into place Boohoo will market even more and any company that tries to oppose them shall be defeated swiftly.
companies that can go after BooHoo:
H&M (they are down 50% of Market Cap- massive incentive to get aggressive)
Arcadia Group (as we all know bad year, and a boss at the helm that loves a bit of rough and tumble)
Next (need to break out of the high street to growth, management under pressure to perform)
Primark (easy direct comparison, just need launch label and good social media team)
Asos (time for a rise of the old giant)
clairesmith "do any of you understand what boohoo product is? they sell costumes for people to project a certain kind of persona and idea. that's a key fundamental of high street fashion."
They aren't a fancy dress store granny.
Agreed PP!, light years ahead. And what influencer in their right minds would want to be associated with anything Philip Greed does, apart from desperate ones of course.
clairesmith - they don't have the money to do it. Hence why Boohoo will win out because people wanting/needing cheaper clothes because of economic collapse. You need money and loads of money to go after boohoo. They have no money, they have huge debts, they are trying to survive at present. That's the bottom line.
@ Peoplepower1, yeah but big factor is that previous years shops were open, and now that the high street has been hit with C19 ad online is now of major focus.
combined with people wanting/needing cheaper clothes because of economic collapse, the incentive for the fashion brands to go after boohoo is here
clairesmith - they don't have the money to launch lower-cost sister brands. Research, research research. You can't do enough research.
@ Greens43, read my previous post. I said that the main fashion brands will launch lower-cost sister labels to compete with boohoo, they won't dilute their flagship stuff.
clairesmith - they've been looking at Boohoo for 6 years and done nothing. They won't be able to even catch up with Boohoo now. They don't have the money to do it, they're all in huge debt, they're trying to keep their heads above water for now.
Peoplepower1 its good to see you are researching the company, and making sure you know the facts when it comes to placing your money where your mouth is.
back to my original point and post, BooHoo has a world of fashion brands looking at them and their profits. that is what I was saying, beware the ides of March!
clairesmith - Boohoo are looking to buy failed brands from Europe and the USA. They are looking to have an international distribution centre. They are automating their Sheffield warehouse and putting more automation into their Burnley warehouse. Sheffield and Burnley warehouses will give them revenue of £3.5bn. Their last revenue for year ending 29 February 2020 was £1.5bn. Their revenue for the first half of this financial year is nearly £900m. Boohoo are only starting. Boohoo have been going since 2014 and Primark haven't been able to touch them in 6 years. Boohoo are so ahead of the game that no-one can compete against them. Boohoo have no debt, £350m net cash and £150m working capital. Boohoo sell to 200 countries worldwide and growing. Boohoo will become a £20bn global revenue business, that is at least 13 times more revenue than the £1.5bn revenue from year ending 29 February 2020. Research, research, research.