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People power.....never tried to compare an oil company to BooHoo, my point was that holding a share for 10 years is not a guarantee to wealth. I have done well from BooHoo, even with today’s fall I’m still up 180%.....my first investment in BooHoo was March 2014 at 54p so I’ve been invested for over 6 years. Holding for another 10 years may bring huge rewards and I like your optimism, but in my opinion the huge rises will not reoccur ,But I do agree with you that the share price will continue to rise .....I’m holding meantime.
Boohoo's revenue went from £100m in 2014 to £1.2bn for year ending 29 February 2020. Boohoo Group have 9 brands now and will buy more brands out of administration. Boohoo bought Nasty Gal, a USA brand, for £20m and turned it into £100m revenue within 2 years.
Boohoo have a great team, Mahmud Kamani has been in the clothes industry all his working life, the same for Carol Kane who was also the clothes designer. Mahmud Kamani and Carol Kane have worked together for years and years; long before the startup of Boohoo. John Lyttle has global experience of running and growing Primark. Neil Catto, Finance Director has done a great job with Boohoo. Umar Kamani has grown Prettylittlething to nearly £600m revenue in 5 years.
Each of the 9 brands have their own management and design teams. Loads has been learnt by Mahmud Kamani and Carol Kane not only in the 6 years from listing Boohoo but all the years prior to the start of Boohoo. Each brand uses the Boohoo Group tried and tested method to see what sells or not. Each brand uses social media to its best. Each brand uses celebrity endorsements, vloggers, tv, ads, i.e. whatever is needed to grow the brand effectively.
The Boohoo Group makes more profit than ASOS because the Boohoo Group designs the clothes for each of the 9 brands and has them manufactured. ASOS sells clothes on behalf of others so their profits are much less than the Boohoo Group. ASOS have made mistakes, like opening a warehouse in the USA which failed for them. The Boohoo Group are very careful and prudent at what they do.
Boohoo can and will achieve their goal of becoming the biggest online global retailer for clothes. Boohoo will become the Amazon for clothes.
Buy Boohoo shares and tuck them away in an ISA, Sipp for at least 10 years, if possible, 20 years and more. Then sit back and watch them grow. There will be ups and downs. No shares go up in a straight line. Hold the shares through every up and down and they will come back higher and stronger.
Ooops that should read Zacks and not Zachs.
Zachs have upped Boohoo to strong buy.
Amazon buying boohoo....... I have heard it all now PP your deluded.
Mahmud Kamani, Carol Kane, Umar Kamani and Samir Kamani together own about 200m Boohoo shares.
The only Company that could possibly buy Boohoo would be Amazon. So if there was a buy out by Amazon, it would be at an extremely hefty premium.
Amazon's share price today is £2340. Look at Amazon for what Boohoo can and will achieve.
furry65 - oil has always been a high risk share. The oil price fluctuates too much. You can't compare Boohoo with an oil share.
Boohoo will be the Amazon for clothes. It has the expertise, the know all and the wherewithall to achieve this.
Amazon's market cap is £1.5trillion. Amazon's p/e is 140. Amazon's revenue for the last quarter was £75bn so likely to be £300bn for the year.
Think big for Boohoo, Boohoo is thinking big and they'll achieve it too.
Ooops so sorry was in a rush when I did it. Some of us are busy with work too. It should read 10,000 shares not £10,000.
That's £40,000 invested today will make you a million in 10 years. However, £10,000 invested today i.e. 2,500 shares will likely make you a million in 15 years. So invest £10,000 in an ISA or Sipp and leave it for 15 years and you've made yourself a million.
Trading Boohoo shares makes you thousands. Holding Boohoo shares makes you a million.
Can’t argue with your Math , £10,000 would only buy you 2500 shares. If the share price were to reach £96 I would be delighted, but holding a share for 10 years is no guarantee of making money.
No one can predict what will will truly happen to BooHoo in the future, could be a global giant or sold off to the disadvantage of the shareholders. For example,I Have owned shares in RKH for 10 years, oil was $130 a barrel, Shares were nearly £6 ,my lot was worth £25,000, oil has since crashed and so has RKH share price, currently worth a paltry £400 and still no sign of oil .
BooHoo shares may rocket, but there is no guarantee that will happen with time. In saying that I still believe there is more chance of it rising rather than falling.GLA who hold shares.
"£10,000 invested to day at a future share price of £96 would give you near enough £1 million."
£10,000/£4 per share is 2500 shares
2500 shares * £96 = approx £250,000
The share price needs to be approx £400 per share to turn £10,000 (2500 shares) into £1,000,000
You said:
"Buying £10,000 worth of Boohoo shares today and holding them for 10 years is how to make a million."
Many thanks for your reply.
So that suggestes that you envisage Boohoo having a market cap of approximately £500 Billion in 10 years.
Interesting.
Did you read my post below in full? It helps to read everything in full if you want to make money in shares. The answers are all there in my post below. Read them and learn. Research, research, research is the key to making money in shares. Buying £10,000 worth of Boohoo shares today and holding them for 10 years is how to make a million.
I always have a policy of no plans to initiate any positions either long/short within the next 72 hours if I make a post on a bulletin board.
You state "Buying Boohoo shares to day and holding them for 10 years plus is the way to make a million."
How much deposit today is required to make £1 million?
Yes you are, be honest, you have a total of 4 posts on Boohoo. And, they're all designed to get the share price down so you can buy in cheap. Why post on Boohoo with negative posts if you don't want to get the share price down? Why post at all on Boohoo if you're not interested in the share price?
Revenue determines the share price. Revenue of £1.2bn delivered a share price of £3. The Global fashion market is worth £2,000bn. £1.2bn is about 0.05%.
Revenue at £2.4bn, 0.1% of global fashion market, delivers a share price of £6
Revenue of £4.8bn, 0.3% of global fashion market, delivers a share price of £12
Revenue of £9.6bn, 0.5% of global fashion market, delivers a share price of £24.
Revenue of £19.2bn, 1% of global fashion market, delivers a share price of £48
Revenue of £38.4bn, 2% of global fashion market,delivers a share price of £96
£10,000 invested to day at a future share price of £96 would give you near enough £1 million. In my opinion Boohoo Group could achieve revenue of £38.4bn in 10 years. £38.4b is 2% of the global fashion market. Boohoo's goal is to become the biggest global ecommerce retailer for clothes and they'll get there.
Buying Boohoo shares to day and holding them for 10 years plus is the way to make a million.
I am not trying to get the share price down, or trying to get it up either.
Answer my questions.
How much initial money does someone today have to have to place a trade to make a £1 million on this share?
What is the timeframe you envisage to turn that initial deposit into £1 million?
millair - still trying to get the share price down so you can buy back in on the cheap. The way to make real money is to buy shares like Boohoo and hold them for 10 years plus. That's the way to make a million.
This is an interesting post.
How much initial money does someone today have to have to place a trade to make a £1 million on this share?
What is the timeframe you envisage to turn that initial deposit into £1 million?
The Global Fashion Market is worth £2,000bn. UK is £71bn, USA is £330bn, Europe is £350bn and rest of the world is £1250bn.
Boohoo plans to become the biggest global ecommerce retailer for clothes and it will get there. Boohoo's revenue for year ending 29 February 2020 was £1.2bn so it has plenty to go at.
Boohoo has nine brands, Boohoo, BoohooMan, Prettylittlething, Nasty Gal, MissPap, Karen Millen, Coast, Oasis and Warehouse. Boohoo is excellent at buying brands from administration and turning them round within 2 years. For example, Boohoo bought Nasty Gal for £20m and turned it into £100m revenue within 2 years.