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Law I thought the moon walk was a huge projection not real.
Bottle job Pedro. When you say this share should drop to 180 you where right and now have your wish. But unfortunately you don’t have the balls to buy or just have no money. So why even comment. I think I bought at the bottom and will sell at 220 a nice 25 percent profit. But if I was an investor I would wait 2-3 years and get £6 as you are neither can I recommend a nice spot at preachers corner where you can tell everyone who wants to know the world is ending you sad knob.
I would like to warn everyone on this board that Pedro61 is an absolute maniac. Genuinely seems to think there is a syndicate that includes everyone who supports this stock are out to do bad things. At this price, i doubt many people would disagree its a pretty damn good buy. The fundamentals are all there. As shares go, you run away from a distressed asset or a Company that is on the verge of failing to meet its liabilities. Boo is neither. A solid company that has great exposure to a very wide audience, great brands and is cash healthy. Whilstxpanding all the time and conducting very good marketing and collaborations that will see the bottom line grow. Albeit at a slower rate but still expanding. The issues it has faced are slowly going away, or are being dealt with and many issues are actually transitory which have caused the recent drop in the SP. Right now it is virtually impossible to deny the SP is oversold and undervalued with the last couple of trading days showing that, with a healthyish bounce back. A very long way to go yet but it should get there. You can tell insanity when anyone is deluded in thinking that comments on a board such as this will drive a price of a share up or down including this comment. it doesn't but then im not insane and dont think that my comments will change anything apart from ridicule stupidity when i see it. But for the sake of any newbies who might not be sure, comments like that from Pedo are just beyond any usefullness. Have a great day Pedo, perhaps you can enlighten is with a few more conspiracies. Man did walk on the moon you know.....
Everyone, this guy is a total moron!
Spouting constant rubbish in non ones' benefit!
I would like to warn people on this board to be very,very careful. The rampers on this board are part of a syndicate that promote this share.They are not to be trusted.They have a track record of complete failure.The have consistently lost money for their followers from the heady heights of 360p to the s.p. of today of around 180p.The fact is PE ratio of around 28 suggests this is a growth company.This is far from the truth as can be seen from the last trading statement with a reduction in profits.The headwinds for this company are strong and growing.Their is a seller in the market ,who has 4.8% of the company still to sell.This is a dangeous company to be invested in with headwinds and a seller,together with a high PE valuation.Shorters have increased their shorts lately which obviously tells a story.Please,please be very careful.If you listen to the rampers you will lose money.
I think you have to take a step back and look at the bigger picture and not just have a short term outlook. I feel the outlook for Boohoo is positive and the share price could double over the next 2/3 years at a guess. And it is a guess!
The transport problem will ease and pass. The investments in new warehousing and automation with robots will pay off and add to efficiency and savings. Wage inflation will ease. Sales should continue to grow and consumers will pay higher prices as long as Boohoo are competitive and offer good value. The new brands such as Debenhams will add value and sales if managed and marketed well.
Boohoo have had their problems for sure including the issue with below minimum wage workers etc but they are serious about addressing those issues and continuing to grow.
Share prices are based on fundamentals and projections of the future. Covid has had it's benefits and costs for Boohoo but the future looks bright in my opinion.
Some are looking to trade the share which is fine but if you are looking to hold or buy for a few years then the present share price is a good entry point.
Kallu - I’ve read some of your responses two or three times now and they are word for word the same.
Has your paymaster given you a script?
Sorry I don’t mean U.K. banks. I mean more the US/ investment banks
Their share prices are low but name a single new bank that’s making any real progress? Plenty got going and got so far and then nothing
It’s not a direct point just a comparison
Dan - look at the banks SP? Sorry but please don’t mention them - they have had a diabolical run - hopefully boo doesn’t do the same same as them
This board is funny. Lots of waffle answers and annocdotes to answer a question
No one seems to point out the automation point. Only saving you £44m a year!
Labour costs of warehouse workers rising then becomes a moat for boohoo and asos. Wages rise 10% = don’t care we don’t pay robots. Wages rise 20% = dont care we don’t pay robots
The wages going up hurts now as automation is in an early stage but then it hurts smaller competitors more. Competitors who’s margins are already thinner than boo’s
It’s like banks in 2009/10 every thought they would fight regulation. Instead they lobbied for it. They knew being broken up would make them smaller and online competition could thrive. They asked for regulation everywhere so costs would rise meaning without scale all who started up would fail and that’s what you’ve seen over last decade
This is a headwind but while it lasts it will help weed out weaker competition. Long term just adds to the prize
Kall- Amen, how ev's BH group have Debs, again those two words, diff demo, some people won't need to trade down and will just look for things they like, especially at Christmas, i'm not sure what increases each cat will see but i had a debate while back on here about BH putting up prices by couple of £, i really do not think if a dress goes from £14 to £16 that anyone blink an eye, will be a case of like it, want it and going to have it. That said i've had to take the AMV F1 Edition off track mode and into Sport as petrol has gone thru the roof!!!!
"I think a new BH (or Primark !!!) Crimbo Dress will come before a KFC for Glamour Girl."
Rag, Maybe, I don't meat or know many glamour girls, so don't know. But we all you, me, pmoran and Dan all agree that cost of living crisis is coming. In these stagflatory environments consumers trade down and find value brands to spend their wonga. If you look at ABF annual reports from 2009-2012 they mentioned this phenomenon. People traded down from Restaurants to picking up Pathaks from the grocers and make your own. They will be doing that in clothing too and Primark was the only option in first half of last decade for the youth of Spain who had 80% unemployment.
High inflation, low growth is going to hit very hard in the coming years and I don't think online provides the value that people will be looking for.
But good luck with your thesis.
"give some consideration to having more than one share in your own portfolio"
That is the benefit of buying a conglomerate in essentials of food and clothing, it's less of a risk, especially when one trusts the promoting family.
Kailu - I was pointing out that abf will be facing the same problems with hgv drivers that everyone else including boohoo are I certainly was t trying to compare the two companies. The only person on here who seems to think abf and boohoo have anything on common is you with your constant comparison to primark.
As for my investment skills i am sure I could learn a lot more than I already know but not from you. I have no worries about abf and already hold a considerable amount thanks. Purchased my initial holding in 2011 for circa £10 and off loaded for £28ish in jan 2018 because I was after Diageo. I used last years isa allowance to purchase abf as they were so cheap (wasn’t everything back then) and unlike you I am still above water (just) with my current abf investment.
Instead of only reading Charlie munger maybe you should consider reading other investment material and give some consideration to having more than one share in your own portfolio. I sleep easier at night knowing that I have a mix of income and revenue across different sectors across different financial markets of the world.
Kall i'm interested in the Chicken Chat, tbh it's not just Fowl! Clothing prices have been in deflation also for last 10 years, like many commodities it's become impossible to sustain, profits will of course carry on being hit on most categories if prices do not go up, for me it's about time.
ABF surely will also be hit by energy costs across the stores adding to increased costs across all there depts from veg, meat, clothes etc
A £4 Asda Jean or a Primark £2.00 T shirt, a £3.00 chicken's these days in short term at least look numbered.
The Chicken King sums it up.
Ranjit Singh Boparan, also known as the ‘Chicken King’, said food price inflation is at risk of reaching double digits due to the ongoing supply chain issues.
He explained: “The days when you could feed a family of four with a £3 chicken are coming to an end.
“In relative terms, a chicken today is cheaper to buy than it was 20 years ago. How can it be right that a whole chicken costs less than a pint of beer? You’re looking at a different world from now on where the shopper pays more.
I think a new BH (or Primark !!!) Crimbo Dress will come before a KFC for Glamour Girl.
*T ROWE buying ASOS, Just added 1% to their holding hence the 8% rise, Strange to see them not showing this trust in BOO?*
Perhaps they will.
Perhaps they won't
Perhaps they're waiting for invesco to clear
Perhaps they're not.
At the end of the day, it's all noise. What matters is the numbers - BOO's numbers (when you look deeper than the transient effects of the temporary headwinds) are solid.
"T ROWE buying ASOS, Just added 1% to their holding hence the 8% rise, Strange to see them not showing this trust in BOO?"
It's T Rowe they are not Jesus Christ that they will want to make you money!
What you have done for them that they will suddenly want to make you money?
They want to win themselves.
They will buy more of ASOS and Boohoo.
They don't want to take the two companies merger and take it private.
T ROWE buying ASOS, Just added 1% to their holding hence the 8% rise, Strange to see them not showing this trust in BOO?
You really need to brush up your investment skills https://twitter.com/AbfInvestor/status/1448654757984227344?s=20
You are comparing moats around the business of a company like ABF which supplies 25% of feed enzymes to quarter of chickens on the planet and 40% of feed to chickens and pigs in UK to a company like Boohoo which does not have any IP and no moat around it. Even designers who left PLT have started their own online clothing business and started competing with their ex-employer.
"I am in the transport industry Kallumama, The problem is easing big time"
I knew they were just creating noise for cheap labour from aboard, there is no problem, everyone take the Boohoo share price when I started posting here to 360p
"consumers won't mind an extra 1£ on there pizza"
So how are consumers going to get that £1 to spend on dresses from Boohoo if they spend it on Pizza?
"Kallu - shouldn’t you be worrying about how sugar beet will be moved to the processing plant and how the sugar can then be moved to the production plants and how finished product can be moved to warehouses and how product can be moved from ware houses to distribution?"
They use harvestors for the beet and most of the beat is transported to the factories in tractor's trailers. All done by the farmer himself I guess. ABF hasn't warned in the last two updates about this impacting.
Did you see this on BBC today?
"It also said feed costs at farms have risen by 15%" https://www.bbc.co.uk/news/business-58895250
And this research - https://twitter.com/AbfInvestor/status/1448654757984227344?s=20
Quater of feed enzymes for chicken on the planet and 40% of chicken Feed and restaurants are alive and kicking, raw material for this is sugar beet and that crop is doing well.
ABF are raising prices of their products by 15%, Boohoo are unable to raise their prices, what does that tell you about the business model of Boohoo?
And then the inefficient nature of having shops scattered left right and centre. Rather than hubs of activity.
Kallu - shouldn’t you be worrying about how sugar beet will be moved to the processing plant and how the sugar can then be moved to the production plants and how finished product can be moved to warehouses and how product can be moved from ware houses to distribution? Add to that the many other food products abf produce that have the same problems and add to that the containers that have to be shipped, moved to warehouse and then to store for their primark products. I would think you would be more concerned with this than how boohoo or the many other companies you are not invested in are going to cope with a problem that’s facing everyone and anyone who moves product requiring hgv drivers.
How are primark going to solve this kallu?? Much bigger problem for them than boohoo. Wage hikes to all those underpaid sales assistants and cashiers, energy cost hikes to power all those power hungry outlets.
Automation of warehouses
£24m saved from Burnley which is live
£20m to be saved when PLT site is automated
Btw these numbers are annual and obvs increase as wages rise
Hope this helps
"Consumer demand has been improving through August, principally in the UK but also in key overseas markets such as Ireland and France, where there has been a re-acceleration in the rate of growth. This has again improved in September, where the rate of gross sales growth has increased compared to that achieved in the second quarter of the financial year."
Boohoo already operating well over 20 percent growth with current logistics.... There is no problem.
Your example of Dominoes drivers is also extremely bad, they are vastly underpaid. It is simple, they will just need to increase there wages which is the right thing to do, there margins are already incredible & consumers won't mind an extra 1£ on there pizza