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An equation for you southcoast.Lower Profits+ lower margins+heavy selling= dropping share price+ big headache for you.
Southcoastbather,Peoplepower or whatever name you are using today........Have you forgotten posting that 4 times today....oh dear.....such a bad memory.......Have you also forgotten ramping this from 360p to 180p??
ONLINE IS BOOMING....
"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."
BIGGGGG NEWWWWSSSSSSS
gggg21
Price: 189.40
No Opinion
RE: Boo timesToday 13:36
Online sales tax not expected in the budget tomorrow this was just on the news.
So footfall is 14 percent lower than pre pandemic. "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."
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.’"
So they say online being up 9 percent is substantial..... footfall down 14 percent is absolutely horrific.
RE: Leicester Garment and Textile Workers Trust launches with a £1m donation from Boohoo Group23 Oct 2021 18:10
Boohoo aren't just building an amazing company story..... they're also helping to build a better industry....
Morgan Stanley said Shein's current price advantage 'might not be sustainable should tax policies change' in China, Europe or the US.
French bank Credit Suisse said in a recent report that a reaction by Western governments 'to level up the playing field' with restrictions on direct imports of cheap Chinese goods could impede the company's progress.
"Shipping container prices tumble for first time this year as China’s Christmas exporting season slows
Average sale price of a 40-foot container in China has plunged by 22.5 per cent since the end of SeptemberThe price correction in container markets coincided with a fall in the shipping freight costs between China and the US"
That bit of information above is a hint to what is happening to the short term headwinds that boohoo outlined in the recent trading update.... The short term is going to be a lot shorter.... Roll on January....
Whats really happening in the uk.... ......
https://www.google.com/amp/s/www.business-live.co.uk/retail-consumer/list-shops-fallen-administration-2020-18177619.amp
https://www.google.com/amp/s/amp.theguardian.com/business/2021/mar/14/great-britain-high-streets-lost-more-than-17500-chain-stores-in-2020-covid
"Great Britain’s high streets lost more than 17,500 chain store outlets in 2020"
https://www.retailgazette.co.uk/blog/2021/03/another-18000-shops-may-close-their-stores-this-year/
"Another 18,000 shops may permanently close their doors this year"
DON'T LET A GOOD LIE GET IN THE THE WAY OF THE TRUTH HUH?!?!
ALL THERE..... THE TRUTH ..... JUST IN CASE PEOPLE HAVE FORGOTTEN THE GROWTH....
Dont forget boys and girls...
All air travel getting back to normal levels in the coming weeks.... Headwinds are soon to become tail winds....
Just for reference in case anyone is interested....
Boo are smashing the market up and beating the competition....
Take a look below
Just taking a look at BOO vs ASOS.... the rate at which BOO is taking market share is phenomenal....
Take a look at the revenue growth for BOO...
2012 - 67 million
2013 - 109 million
2014 - 139 million
2015 - 195 million
2016 - 294 million
2017 - 579 million
2018 - 856 million
2019 - 1.2 billion
2020 - 1.75 billion
2021 - 1st half revenue 975 million ( I can see full year being 30 percent more than 2020 so 2.275 billion)
The only short term issue is the shipping costs which is world wide in every industry BUT with air travel returning to normal this cost will also normalise.
If you look at the revenue growth of BOO in the most simple way possible from 2012 to today it has 30 x its revenue!! YES 30 x !!
Lets not forget BOO carries a margin of over 9.5 percent. (ASOS under 5 percent)
Anyone that thinks growth is about to stunt is completely out of touch with reality or they just cant read - Just wait until the acquisitions really start to kick in now we are in the post Covid era!!
The current warehousing and logistics are good for 4 billion of revenue as well so capex will drop back nicely for a few years.
Just take a look at this chart for revenue growth !! - https://www.statista.com/statistics/794862/boohoo-plc-group-revenue-worldwide/
Now compare the above with ASOS - from 2012 to today its revenue has gone from 570 million to 3.2 billion which means ASOS has increased its revenue x 5.7
https://www.statista.com/statistics/485103/asos-revenue-worldwide/
Boohoo and plt are solid brands that people aspire to wear....
Just looks what's in the boo stable -
Boohoo
Boohoo man
Karen millen
Nasty gal
Pretty little thing
Oasis
Coast
Miss pap
Warehouse
Burton
Wallis
Dorothy perkins
Debenhams
That's some serious brands right there.
Boohoo current trading.....
The company is currently ahead of the 20 percent growth achieved in q2....
Consumer demand has been improving through August, principally in the UK but also in key overseas markets such as Ireland and France, where there has been a re-acceleration in the rate of growth. This has again improved in September, where the rate of gross sales growth has increased compared to that achieved in the second quarter of the financial year.
Our expectation is for full year sales growth of 20%
ONLINE IS BOOMING....
"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."