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@Maxage
Its just manipulation & Suppression the last two days, its all part of the game.
Welcome to the layer cake son
There are a few shorting crews working the share & they merry bunch go de rampers on boards causing panic sells so they can get in lower. I am surprised with such stellar results that it has been allowed to happen. If we are in no rush then it will come.
Morning Kittykitty, not in front of the screens today but the close the day before the investigation results were released, that would be my guess, make for an interesting level, think yesterday we closed near
It wont hit 200 - didn't stay there long even in scandal!
Which part of their update even makes you think that?
- Admit issues found in Leicester
- Have ability to drive positive change & stop issues reoccurring
- Ambition to be fashion e-commerce leader
- Big investment in UK textile manufacturing industry
- Not afraid to act quickly
- 70,000 styles of clothing now!
- UK contribution - 1.5B sales, 5,000 direct jobs, saving UK brands, 80m paid Corp Tax
- Soucing more in Asia & Europe
- Directors of Sustainability & Compliance team in place
- Compliance programme for suppliers & manufacturing sub-contractors through accredited 3rd-party
- Group terminated many relationships from audits
- Will publish a list of approved audited suppliers
- Rolling out compliance globally
- Reducing waste improvements going well
- Invested in technology for auditing & compliance
- New supplier portal & app
- State of the Art facility in Leicester for not just Boohoo to help model legal manufacturing & train new people with 250 new jobs. Community access & not for profit - awesome!
- Fewer suppliers but more volume
- Audit everyone in 12 months, publish list in 6 months
- Implementing ALL QC recommendations
- Enhancing BoD compliance oversight with new ESG board member - Awesome!
- Fantastic first Half Year for group with record sales & record profit
- Boohoo & Leicester will flourish together
- Margins wont suffer but preference is to use Leicester
- 4.5m dresses sold but only 0.3% are the £5 dress - most £15-£35 -12% margin on £5 dress as it helps marketing
- Not disposable fashion & ethically sourced
- Sales up 45% - strong demand in all geographies
- Gross Profit up 47%
- Net cash 344.9M
- UK 37% up, US 83% up (HUGE!!), Rest of Europe & RoW all growing
- Cashflow strong +147M
- PLT fully owned
- Oasis & Warehouse fully integrated
- Customer KPIs - more customers +4.4M with 34% increase in orders!
- Increasing Capex Burnley & Sheffield spend to achieve 3.6B sales!!!!! WOW!
- Guidance 28% to 32% growth for FY upgraded - nice!
- VERY COOL video on all their 9 brands!
- 36m followers on social media
- Lots of new celebrity influencers
- Brands cover 13 -45 years of age
- Karen Millen & Coast growing & brands extended
- Launched TV advertising this year
- Oasis & Warehouse targeting every & urban women
- Very strong platform to deliver change close to achieve 1.5B sales through 9 brands
- Strong financial position
More like 400-500... this will be... buy while low sell high... look at buyers...
MrBOOHOO (still love that name) what numbers are you seeing for gap support to push up?
I was expecting a worse open, fingers crossed it holds with a slight uptick for PM. Enjoy your Friday everyone
I may have been right on this one, still early though
Have to say, looking at the technicals, and I'm well aware of the fundamentals, it does look like a classic gap close, I think we may have closed today, if not very close, anyone interested in a decent entry with the fundamentals behind you, tomorrow you may have a good entry. Two red days after the release of sterling results, and a gap close, could be a nice level to top up or indeed to start a position. I'm long already having taken some off the table but if was scaling into a new position I would consider entering tomorrow on a drop into support.