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Boohoo's share price closed on Friday 29 May 2020 at 387.10p up 2.50p
You’re making yourself look like a fool with your unanswered posts. Turn it in son.
For me also, nothingisworthit, it's too much of a risk and far too stressful to be jumping in and out of shares. I'd rather just ride through the ups and downs and look towards the long term future of Boohoo - which I think will be excellent.
The proportion of clothing sales spent online soared to the highest on record in April 2020 at 30.7%, which compares with the 19.1% reported in April 2019.
From the Office of National Statistics
In a month where spring buying would typically set in, online clothing sales plunged 23.1 per cent year-on-year in March, according to the latest IMRG Capgemini Online Retail Index. This refers to March 2020 only and it's for all online clothing sales and not specifically Boohoo.
As far as I can remember it was in the last Annual General Meeting on 22 April 2020 where double digit growth of between 10 -20% was expected.
Boohoo Group PLC has said group sales during April are ahead of last year, recovering after an initial plunge in mid-March when the coronavirus pandemic spread across Europe.
From Proactive Investors on 22 April 2020
For me, I don't have a diverse portfolio. I have done this in the past and found it too hard to keep on top of it by keeping up to date on each share. So now, I have two shares only and am able to keep on top of all the research and keeping up to date with each of them. I've learnt so much more from having two shares. This may not be for everyone however it suits me well. For me, it's all about doing the research thoroughly.
I bought in 2015 and held them through every bump in the road. I will be holding them for at least another 10 years and probably more. I've learnt loads from holding Boohoo through all the bumps. For me, that's how you make the real money. It is by finding a good share and sticking with it through thick and thin. Researching it throughly before you buy it and continuing to research it thoroughly by keeping up to date on it while you own it.
The cash payment for the purchase of the remaining 34% of PLT is £161.9m. Liberum see Boohoo having £350m net cash, at the present time, for further mergers and acquisitions. Boohoo had £240m net cash at end of February 2020, raised £198m in a placing which is £438m, take away £162m for the cash side of the purchase for the remaining 34% of PLT and that leaves £276m net cash. This means Liberum sees Boohoo as having made £74m net cash since 29 February 2020 because Liberum believes Boohoo have roughly £350m net cash at this present time.
Analysts at Liberum raised their target price on online fashion retailer Boohoo from 430p to 490p on Friday 29 May 2020, arguing that its recently announced acquisition of the remaining 34% stake in Prettylittlething that it didn't already hold was a "very shrewd and positive move".
Liberum estimates that the deal values 100% of Prettylittlething at £998-1,225m, suggesting a 12m forward 12-15x enterprise value/earnings before interest, tax, depreciation and a
What price are you looking for Vexis and you still feel confident about a company you feel is fiddling the books?
The article is from 2017.... Ignore the halfwit.
Looks like possibly some new guy on here that talks to himself I’m thinking.
I can’t say I wasn’t tempted to take some profit yesterday but Lyttles bonus is my target. I’m mortgage free if we hit that number.
Haha someone's shorts are burning
their factories are mainly Leicestershire and Manchester. Where is the proof they are weat shops
After buying shares always keep researching them, learn everything you can about them and then you'll know the best shares to hold and more importantly you won't be panicked into selling by anybody.
There are loads of good share buys out there. All you have to do is read widely, pick things up and research thoroughly anything that pricks your interest. Time spent doing this will be much more productive financially and in many other ways too. Start with reading the weekend FT from cover to cover.
Don't forget the filters above where you can filter posters who are trying to manipulate holders into panicking and selling so they can make money out of you by buying your shares cheaper.
The Company's Annual General Meeting for the year ended 29 February 2020 will be held on Friday, 19 June 2020 at 14:00.
The Directors are currently looking to put in place facilities to enable questions to be taken from Shareholders listening remotely after the conclusion of the business of the AGM. It is intended that further details of this facility will be published on the Company's website (www.boohooplc.com) in due course.
In addition, Shareholders are encouraged to submit questions, no later than 7 days prior to the AGM, via email to the Company Secretary at legal@boohoo.com. The Company will endeavour to publish these questions and the Company's responses on the Company's website, www.boohooplc.com, as soon as practicable after the AGM.
Boohoo: Peel Hunt reiterates buy and upped their target price from 350p to 425p.
The share element of the initial consideration for the remaining 34% of PLT will be satisfied through the issue of 32.2 million boohoo shares.
The additional GBP54 million payment, to be made through a 16.1 million share issue, is contingent on the company's share price averaging 491 pence per share over a six-month period between completion and a longstop date of 14 March, 2024.
And yet another one appears Crazylegs - only this one post on Boo with loads on 88E - they're so obvious. Don't they know we can read their past posts which gives us all the evidence we need about them.
Another one appears out of the woodwork in the form of Logitech - must be a friend of VEXIS as Logitech has only this one post on Boohoo and most of his past posts are on Tullow Oil and Premier Oil. There'll be more and more trying it on.
Retailer of other brands.
Asos is a retailer. Bound to have smaller margins.
That was a laughing emoji by the way but LSE turned it into question marks.
Vexis is team dark destroyer ??
Judging by some of the posts on here and the quotes from Matthew earl in today’s press I’m guessing the shorts didn’t close and they’ll be trying all sorts to bring the price down in the coming weeks. Also a chance of more good news in the form of acquisitions or June update. Boohoo have proven to be shrewd, they don’t achieve such amazing growth by being sluggish and passive. Interesting times.
This is like a plot from a suspense movie. Will the dark destroyer win? Or will good conquer evil? Grab the popcorn.
The initial consideration for the remaining 34% stake of PLT will be settled in a combination of shares and cash, worth GBP107.9 million and GBP161.9 million respectively. The cash element will be funded from the GBP240.7 million net cash the group had on its balance sheet at the end of February 2020.
Ignore any manipulators who are trying to get you to panic and sell. They're still lurking around. Another one has just appeared VEXIS. Looking at VEXIS's past posts this is his only one Boohoo post and he's written loads of posts on Tullow Oil and Premier Oil. Says it all. Another one for you to filter.
News well received by analysts too:-
Broker Liberum said: "This is a very shrewd and positive move by Boohoo's management team that removes one of the major clouds that has hung over the equity story. PLT has been the best performing part of Boohoo Group, growing sales at a 111% compound annual growth over FY17-FY20 and now makes up 42% of group sales."
Zeus Capital said the announcement "provides a clear and swift resolution to any overhanging uncertainty surrounding the status of the PLT minority in the group".
"The terms of the transaction are, in our option, highly attractive and provide existing shareholders with an immediate and significant enhancement to diluted earnings per share."
Sophie Lund-Yates, equity analyst at Hargreaves Lansdown, said that even if the acquisition price rises to £323.8m, "it would appear Boohoo's taking the new assets home at a decent price".
"Apart from Pretty Little Thing's impressive sales performance since Boohoo acquired its majority stake back in 2017, there are other reasons for optimism. Namely, execution risk is vastly reduced in this deal. Pretty Little Thing has been part of Boohoo's story for a while now, so this won't come as a shock to the operating system and means the benefits can be reaped quickly."
Only got to this party late this evening so please forgive me if what I post has already been seen. Love it all.
Fast-fashion retailer Boohoo said on Thursday that it has bought the remaining 34% stake in PrettyLittleThing from its minority shareholders for an initial consideration of £269.8m.
The stake is being bought from Umar Kamani - the son of Boohoo's co-founder Mahmud Kamani - and Paul Papworth.
Boohoo said the acquisition price could rise to £323.8m if the PLT shares price averages 491p over a six-month period between completion and 14 March 2024.
The acquisition is expected to be significantly earnings enhancing on a fully diluted basis with immediate effect.
"After this acquisition and with its growing platform of wholly owned, innovative fashion brands, the group believes it can continue to successfully disrupt the international markets it operates in today, whilst retaining a strong balance sheet in order to take advantage of numerous M&A opportunities that are likely to emerge in the global fashion industry over the coming months," the company said.