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I think what is constantly overlooked in these discussions is that the SP is not the same as the company, the 2 are quite separate. Boo as a company (scandals aside), have performed very well with increasing sales and profits. However the SP reflects the valuation which is an arbitrary amount that fluctuates depending on a variety of external factors that also fluctuate.
The obvious conclusion (it may not be the correct one), is that last year Boo was over valued from an SP pov. and that now with increased turnover and profits but a lower SP, it is no longer over valued or at least not as over valued as much. (Its harder with such a high profile company to suggest its undervalued only because it gets so much scrutiny and everybody, pros and amatuers alike, are scouring the market for under valued companies.)
The SP is not the same as the company.
You also got asos results in 3 weeks, so should get pulled up on build up of those to. With travel announcements set for tomorrow and becoming increasingly likely that holidays will be back on very soon made sense for me to position today
gggg21 Good points
Bargain prices currently imo happy to take advantage before the online boom again with love island back next week, the world opening up for summer and UK holidays, you know exactly where people will be shopping for their holiday outfits.
It is a grown up discussion after all
Thats my record gone. 12 green coffins in row.
They don’t seem to be getting the business over BOO, ASOS, NEXT etc
https://www.similarweb.com/website/shein.co.uk/competitors/
China has been messing up Bitcoin recently but from folks I’ve asked in Retail they are not yet but according to FT https://www.ft.com/content/4d079978-65f4-47b8-a572-ed1f7b6a8e61 Shein are but I’d like too see hard data to validate that
At this price they could
Interesting how MW are not listed but have https://shorttracker.co.uk/company/JE00BG6L7297/
Also Morgan Stanley are not listed but are clearly an overseas II
https://www.boohooplc.com/investors/major-shareholders
https://m.marketscreener.com/quote/stock/BOOHOO-GROUP-PLC-16023307/company/
75.2% of shares in public hands
Quite interesting analysis here incl how acquisitions have effected SP
https://markets.ft.com/data/equities/tearsheet/profile?s=BOO:LSE
I agree a swing could well be on the cards given where it’s all at now but looking at ASOS without all the issues & equally impressive results, they are still struggling to move even with positive broker ratings like BOO have
This is why I genuinely ask for discussion as it’s not moving either way so the IIs clearly have a view as the results are undoubtedly excellent yet the MMs don’t seem to want it to move. We know PIs create a lot of the volatility in the movement but there seems no impetus to get volumes pushing either way.
If we look at BOO over the last 12 months (post issues) the graph is on a slow downtrend despite excellent results.
If we look at ASOS & BWNG for the last 3 months they are also on a downtrend & ASOS has also had superb results. BWNG has some high street but other issues.
If we look at NEXT with closed stores now reopened with a hybrid online & high street / retail park presence, they have just continued on an up trend over the last 12 months
ABF aka Primark has also a 12 month uptrend with no online presence
So why is there no love in online only clothing retail stocks vs retailers with a presence beyond just online?
Is it just a case they are at true value?
https://www.lse.co.uk/share-prices/sectors/retailers-/