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Yawn. The day traders and their issues....lol
Not even bothered about online taxes or incentives for High Street. Consumer habits have changed for ever and online has been advanced 10 years by this pandemic. Long term BOO will be fine. Screaming BUY dead cheap SP at the moment. Same as where it was few months ago but now all BOO holders have a stake in Debs, DP, Burtons etc plus a much wider customer demographic. Once lockdown ends (and furlough ends) I don't think online shopping will end but High Street will never get back to where it once was. BOO is well prepared and well placed to pick up the slack and snap up the best bits of any more retail failures. Patience is needed along the way as Covid has hit sales everywhere. Rinse and Repeat. Easy Money.
Sidewinding momentum here 8 weeks with of course volatility as our companion. Possible budget nerves now?I'll stand by what I have said Q2 will be a great period for this Stock.
There’s some rubbish spouted on here at times but TCM your statement that there will be a 10% drop in the boohoo share price based on the budget has to be a contender for first prize!
Why do you think there will be a drop purely based on the budget? Online sales tax is about the only thing that might affect boohoo and others and even that is only expected to be around 1-2% based on the reports earlier this month.
The online tax scenario was widely published several weeks ago and there was in fact a downturn for online businesses including us, ASOS and Ocado amongst others at the time although they quickly picked back up again. Since then the chancellor has said it is something being looked into and the earliest it will come into play will be the September budget.
All we know for sure at the moment is that the ceo of Tesco’s thinks an online tax is needed, the chairman of next thinks there’s a more effective way of supporting high street businesses by looking at the business rates payable on both high street stores and warehousing to establish a more balanced approach and that boohoo, ASOS the hut group and others have set up the U.K. digital business association so you can be sure their voices will be heard as part of any consultation about online sales tax.
moose2010 - I think many people on here don't realise that you're a holder of Boohoo shares when you make these comments. I think many don't realise your comments are simply trying to enlighten and educate us on what's going on with Boohoo shares. I get it. Perhaps others don't.
Have a good day. A few good comments on here today .
The problem at the moment is that as soon as it goes up a bit people sell and people are looking for a lower buy in price..
I agree its a trading share short term . Very sensible comment .
Well Town i wasn't around where i could have sold at 347 hence putting a 350 limit price on, back where i can watch it now but it had retraced from 347 when i got back, anyway if it does not hold around the 345 mark i will just keep them till they do go up.
Most sensible thing said today:-
PeoplePower I'm a long term holder of Boohoo because I believe in their potential global growth.
Daftest thing said today :-
Towncaledmalice
Posts: 521
Price: 341.00
No Opinion
Big Drop due to budgetToday 12:12
At least 10%
You never know TCM it may drop 10 per cent but I personally dont think so.Lets see who is correct lol.
Nobody knows what's going to happen with the share price. It may go down, it may go up. It all depends on buyers and sellers. More buyers the share price goes up, more sellers the share price goes down.
Despite people running down moose2010 and his candlestick analysis, you can at least see on the 5 minute candlestick pattern chart whether there's more buyers or sellers albeit on a 5 minute timescale.
I'm a long term holder of Boohoo because I believe in their potential global growth.
Kayjay 66. So you are saying inevitable, as in 90 per cent or more chance of a big drop on Budget Day? Lets see what happens. I do understand your sentiment though,as I remember the 20 per cent drop on the Auditors news back in October. If it drops it drops and I will have to patient lol.Guess I should of sold last week in 370s lol.
Walkabout . I personally do not think there will be a big drop budget day. The 2 per cent online tax has been discussed back in July last year,maybe before then. It is anticipated that there will be no increased online tax in the March budget.
https://www.ft.com/content/ec4194a2-5338-418f-ae26-2a9602463b36
Select64 "inevitable big drop"........Cmon Select, this is Boo, there's always another tank around the corner, Archie & his like always see to that..........Ive been smacked in the chops more times than I can remember with this share in the last 12 months.
To be out of this for the time being (sold for 364 last week), is surprisingly liberating
why a big drop expected? hasn't the big drop already happened? lol.....
so we may get an online tax of a couple of % - don't see that denting the share price much
so what if the high street is opening up? where are you going to shop? Debenhams? Arcadia? Im sure i read somewhere that John Lewis is also rumoured to be closing some stores.
Online is the future whether we like it or not and companies like Boo have a massive head start....
GLA
Noggers. If this share does drop say sub 300,either hold tight or buy more at lower SP if you are happy to be a bit exposed. I have held this share and seen it go to 250 in October .From December 16th it went from 290 to 369 pre results day. Last 3 times there has been a rise of 16 to 25 percent 30 days before results day. I think this is still a trading share short term but long term I think the SP will rise long term ( 18 months plus). Good fundamentals, needs to sort out ESG ,Supply Chain ,reputation and new acquisitions, new board members.
I am like you on this 66 i think they will drop quite a bit come budget day, i should have got out last Friday at 370, put a limit price on yesterday afternoon at 350 but it has not got there today, bought in these in January, bought in TED 2 weeks ago making more profit from TED than i am on these for a shorter time scale.
Its not anticipated that there will be tax on online companies in the budget.However it may be in the October budget. Inevitable big drop? This share is unpredictable in the short term so its possible. If you can buy this at a lower SP then good for you. Ive looked at 30 days before results day ,if you look at past 3 results the SP has gone up 16 to 25 per cent to the day before results.
The way I see it & I may well be wrong, but I wouldn't want to be in Boo, come next Wednesday's budget.
But it being such a profitable (not necessarily well run) company, will look at a re-entry after the inevitable big drop.