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Pook your nuts GL
Boohoo has since announced an independent review of its supply chain.
Key words. Has since
Gap downs and sell offs will happen. Are you a scalper or a day trader? If not, you have nothing to worry about. The swing trade here is intact and will play out over weeks and months. Just chill Winston!
Pook - nice one, made me laugh. Have a great weekend
I should clarify my stance. As a holder, I’m certainly not offering anything negative by way of bias. Literally posted a link I hadn’t seen discussed here - as a lurker - and added my initial thought, which was ‘Ouch’. Meh, it’s done now no getting out now! Hopefully it’s a quiet weekend without too much drama or tabloids and the price doesn’t gap down on Monday.
Notice we have a snowman now aswell.
Pookookachoo - I like your satire of the over zealous ramped. Excellent parody
Please see a Doctor or self medicate as required.
Thanks, I managed to read the link before it was removed. This is bad news
The wages are absorbed into the price Boohoo pay for the article
It's the sub contractors and suppliers that pay wages; BOO only pays a price per article.
Other than being cheap their USP is their fast turnaround time. Moving overseas this will be lost
Cost of sales of £400M, at the absolute minimum 25% of that will be wages, probably more like 50%. £100M - £200M increase is COS.
Paying wages at 50% of legal rate, holiday probably not paid, maternity etc.
Profit of £50M currently moves to a £100M or so loss.
Rubbish - they will move production mostly overseas (90%+) if they must. Oversea market are rapidly expanding.
Ignoring the fines they could receive it looks like if they had to pay legal wages they wouldn't be making a profit.
I think there is money to be made trading this share but long term they will have to significantly raise prices in order to survive
Not going to lie, I appreciate that joke ;)
I am going by projections and news, if there's anything I am missing in my expectation for growth of the company in the next 1-2 years then please enlighten me? Were not all day traders.
Newtothis93, 6th of July you joined.
I hope they are paying you more than minimum wage to promote this share, because if not, you know it's illegal right?
This directly links I Saw It First, Moray and Boohoo in a way of never seen printed before. It was also classed a guardian exclusive and was published 40 minutes ago. I’m not sure we’re talking about the same expose
Nice. Worried it was the first time I’ve seen them tying up the director with the manufacturer...
Do you have a current stake in Boo pal? Just because it's your first ever post and its negative news post confirmation that there was false allegations..
Very old news mate - that came out 2 days ago - lots of family links in the rag trade!
Ah, link removed. Headline is; ‘Boohoo co-founder Jalal Kamani linked to Leicester garment factory
Supplier accused of paying below minimum wage linked to brother of current Boohoo leader’
Might sting a bit... https://www.theguardian.com/business/2020/jul/10/boohoo-co-founder-jalal-kamani-linked-to-leicester-garment-factory