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It doesn't make sense Kallu.
It would be a massive fall off in growth, and anything that big would be some obvious deterioration of the fundermentals. What would cause such a dramatic fall off after the previous quarters results of +32%? I can't answer that, so unless I've personally missed something gigantic, it would also need to be unknown to the market, and what are the chances of that? Big impact issues do not stay unknown, boohoo doesn't trade in a vacuum either, so this thing would likely be impacting other firms. It would also be completely against what we know has been happening on the macro level, with the unwinding of household savings, high demand etc. There's been no trading update to advise the market somethings gone way wrong.
It's a prediction that goes against any kind of rationality.
Unlikely Kallu. The odds of this being the outcome is near zero.
The shops are full of Christmas tat from China but there's no lorry drivers for food and fuel !
well, no one is going to the shops with no fuel in their cars...... what will they do instead?
300 is your target… for the next few weeks I think you mean to say. Share can easily get beyond 400 like it has done multiple times. Business is business and this one is growing extraordinarily. I believe lockdowns are gone now and it’s September, Freshers week, University loans, means logging on to UNiDAYS and grabbing yourself a bargain whilst helping improve BOO’s profits. If I was getting a student loan, I’d be buying BOO stock, not BOO clothing. Work smart, not hard.
*It’s a same every results… lots of people saying growth will be affected this time because this and that. Then boohoo absolutely destroy their figures.*
Really hoping so. My own view is that they will at least meet their guidance - they have to otherwise there should have been a profit warning and there hasn't been. What there has been is an announcement of the 500m investment over the next 5 years to the tune of 5000 new UK jobs. Doesn't really sound like a company losing momentum to me. But hey what do I know? Just added 15,000 shares at 260p. Target 300p.
'Balls deep', I think the saying is...
Winners keep winning. I just wondered how high people's expectations were. Would you take the over or under on 32%?
It’s a same every results… lots of people saying growth will be affected this time because this and that. Then boohoo absolutely destroy their figures.
Do we think they beat their (usually conservative) growth forecast of 25% in next weeks earnings?
In The style reported this morning they are having issues with logistics and a lot of returns as people get back into occasion wear , but demand was seemingly healthy. E-commerce order value up 50% compared to the same period last year.
Obviously it's tiny compared to boohoo, so not indicative of much. Boohoo are obviously in a much better position regarding logistics, but I'm sure return rates have increased. Im not in the business of predicting next quarterly earnings, but I agree it wouldn't be a surprise to see numbers reflecting very healthy demand.
I do hope everyone has got their seatbelts on for when the results do come out. Added more shares here recently at about 257. I think it’s a great play and don’t expect them to be sub 300 for much longer. No surprise to see people selling though, fair enough if you’ve made what you wanted but I imagine there are more than a few selling at a loss, it’ll hurt in the next few weeks if that is you. If your main worry is ethics, like it is mine, please go do some digging into; Apple, Nike, Adidas even ASOS. You only need common sense to see how successful they’ve been from their ‘working arrangements’.