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Southcoastbather. Your post regarding Footfall does not make sense. You quote for Footfall on high street and physical sales and then try to use those figures for the whole market.Why do you continue to try to hoodwink potential investors are you that desperate?
Streets, "oversold" is often a term used because of the TA RSI. It is instructive because when that indicator (which has a range between 0-100) falls below 20, then it is "oversold"
When he SP fell recently from 265p to 178p, the RSI at the bottom of the fall registered 15! (very oversold! )it immediately rallied to 205p and has been falling back since. Now at yesterdays close of 186.65p (so just 8p above that very oversold price of 178p), the RSI has a corresponding value of 32.51, leaving plenty of room to fall below 178p, so not actually, technically oversold at all.
It doesn't mean it WILL fall, but the odds are more likely than not that further falls are coming form a TA pov. If 178p goes then 150p looks to be the next support.
(FWIW, I would expect some sort of bull support to try and avert a fall through 178p)
i'm pretty sure this has further to fall as shorters still at it
Nice one Southcoast. I have just taken another 20k. Looking way over sold now. My summer 2022 future self will thank me for it. : )
I've just taken a few more 37k top up.
The future is a far off country, they do things differently there (with apologies to L P Hartley)
"Online spending values increased in September 2021 by 0.5% when compared with August 2021, largely because of an increase in department stores sales values (3.8%). The monthly increase in online spending values resulted in a slight increase in the proportion of online sales, which increased to 28.1% in September 2021, from 27.9% in August.
This remains far higher than the proportion of online retail spending in February 2020, before the coronavirus (COVID-19) pandemic, of 19.7%, although it is below the peak pandemic level of 36.6% reached in February 2021."
@@@@@@@@@
Very interesting figures above, pre pandemic online shopping rate was 19.7pc then mid pandemic it hit 36.6pc but have now settled at over 28pc.
This is an absolutely massive boost to online spending when put into perspective - it means online retailers revenue will go up by 30 percent against pre covid ....
When you consider boohoo was comfortably growing above the guided 25 to 30 percent growth per year with online having under 20 percent of shoppers online you then start to realise what's really happening....
Covid has accelerated the move to online shopping....
THIS IS SIGNIFICANT.
Southcoastbather.Total rubbish.You state FOOTFALL across UK retail spots ,that is retail outlets not online outlets.Why ?
"Footfall across UK retail spots is 27.9 per cent higher than last year, when lockdowns forced the closure of most high street shops, but it is 14 per cent below pre-pandemic levels in 2019."
When you take that 14 percent figure into context its actually a lot worse than it sounds for the highstreet - 14 percent would only be relevant if the highstreet had 100 percent of the shoppers, but they don't. The true percentage is much high when you take into consideration that the highstreet had probably 50 percent of the market so they have lost more like 28 percent of their revenue.
Depends on the tax rate I guess. Give that E-commerce is obviously the future, the gov won't want to stifle it too much - also, I'm not sure the U.K., will remain BOO's main market forever. The U.S. is looking pretty promising for a few years down the road.
"Staycation boost for high street as footfall improves in August"
That's another headline I found..... The highstreet numbers were only boosted (boosted is over cooking it really) because nobody left the country.... Just wait until holidays are at full pelt (red list soon to be squashed and usa airports open up)....
It should read........ONLINE TAX PLANNED FOR FUTURE.........TO BE IMPLEMENTED AT FUTURE DATE........not good for BOO .....So why sugar coat things.......everybody has read the budget.....
"Footfall on UK high streets saw a small recovery in September, further narrowing the footfall gap between traffic pre-COVID-19 lockdowns and now as autumn closed in.
Springboard's high street monitor showed volumes narrowed from 2019 to -17.4% from -18.6% in August."
" The month benefitted from the inclusion of August bank holiday, which occurred in the same week as the beginning of September, and which will have boosted high street footfall in particular with the popularity of daycations and staycations over the summer months"
"Whilst much of the decline in footfall from 2019 is accounted for by the loss of office workers and tourists in retail destinations due to the ongoing pandemic, Springboard said we must also recognise the accelerating impact of online on bricks and mortar retail that has been a feature of the past decade. "
RECOGNISE THE IMPACT OF THE ACCELERATING IMPACT OF ONLINE ON BRICKS AND MORTAR!!
ONLINE IS ACCELERATING.
Read the spreadsheet on that.
"Analysts have noted that e-commerce now accounts for more than one quarter of all retail sales in the UK. This number is expected to steadily increase in the years ahead, and would reach nearly one-third of all retail sales by 2024.
Online shopping has become a daily norm for millions of UK consumers. Which means, UK shoppers are well familiar with receiving (and returning) merchandise bought online. With such a high level of online shopping experience, UK consumers have great expectations when it comes to delivery speed, user experience and smooth returns procedures. To succeed in this thriving market, e-commerce companies set up in the UK must take these expectations into account."
Jeez i didn't realise it was that bad on the high street...
"Great Britain's high streets lost more than 17,500 chain store outlets in 2020. More than 17,500 chain store outlets disappeared from high streets, shopping centres and retail parks across Great Britain last year as the Covid-19
pandemic spurred the worst decline on record.14 Mar 2021"
"normalising high street footfall"
Loooooool got to be off your nut to even think that will happen.
And online is 9 percent up "Despite relaxation of COVID-19 restrictions in summer 2021, in-store retail sales remain subdued; the proportion of retail sales online rose to 28.1% in September 2021 from 27.9% in August, substantially higher than the 19.7% in February 2020 before the pandemic.’"
THE HIGHSTREET IS DECLING EVEN WITH THE "POST PANDEMIC RUSH TO THE HIGH STREET"THT WAS FORECAST
"Footfall across UK retail spots is 27.9 per cent higher than last year, when lockdowns forced the closure of most high street shops, but it is 14 per cent below pre-pandemic levels in 2019."
The online tax won’t and can’t happen without the co-operation of all the major global players. Instead of an online tax the compromise was a minimum tax level which was struck earlier this year.
Nothing in the budget on rates for poor old ABF …
Ragtrade said yesterday how bad the supply issue is.The inflation has already took hold.The genie is out of the bottle.More competition and cheaper competition will not get the genie back in the bottle
So there we have it....
No online tax.....
Boohoo and asos between them have bought up 80 percent of the highstreet clothing retailers but kallumama thinks there are people waiting to fill the shoe of those that just went bankrupt lol....
Forget it!! The highstreet is done... Game over...
"UPS have released latest earnings today beating market expectations, citing stronger than expected e-commerce demand."
And online is 9 percent up "Despite relaxation of COVID-19 restrictions in summer 2021, in-store retail sales remain subdued; the proportion of retail sales online rose to 28.1% in September 2021 from 27.9% in August, substantially higher than the 19.7% in February 2020 before the pandemic.’"
THE HIGHSTREET IS DECLING EVEN WITH THE "POST PANDEMIC RUSH TO THE HIGH STREET"THT WAS FORECAST
"Footfall across UK retail spots is 27.9 per cent higher than last year, when lockdowns forced the closure of most high street shops, but it is 14 per cent below pre-pandemic levels in 2019."
"Failed business model"?
so why does high street needs support than ?
What an idiotic statement to make....even with Kallu standards that's foolish LMAO
Its all about timing! ....You were ramping this at 360P!!!......Great timing......Followers lost bundles with your timing!!!......There will be atime....but.....catching a falling knife is not a good idea!!!
This share price is very heap now
Labour whining in House of Commons about lack of it now
NO ONLINE TAX in Budget
Literally it keeps getting better and better..... Those with sense will make a lot of money in the next year or so in boohoo.
All about timing!
Where is it Kallumama
You promised!