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The Guardian article imho indicated the management team at Boohoo can not be trusted. However great the business model trust is paramount. Anyone who invests in this business before these issues are addressed is crazy.
Snowman just curious - do you have shares? Your past posts say you had some and sold at a loss, then bought again. Now you’re saying anyone who has shares is crazy.
Seriously, you actually trust the Grudian???????
Snowomen - it amazes me how nosey people on this chat are. What business is my share holding of yours? As it happens I learned of Boohoo on its last results, did my research and added £10k to my meager retirement fund. I lost shed loads and sold. Re bought after the statements from Boohoo (like a fool) and got caught again with a slight loss. I don't profess to be a genius investor but have doubled my fund. I still work 48 hours a week for an average wage and can not afford to lose due to misinformation. There are many decent companies to invest in. Buying Boohoo is now down to simply gambling.
Also most peeps posting here are clueless and don't actually talk about facts
Only asking because you said you bought again yesterday. Now you’re saying anyone who buys is crazy. Just seems a contradiction.
Ps if you’ve lost money twice then I’m sorry to hear that. Good luck.
Lasurus20..I logically agree with your figures but as we both know , logic does nit come into it when valuing a company and it’s shares...Tulip Bulb Mania and all that comes to mind.LP
I reckon you two should get a room and have a Snowchild! lol
@lazarus. Thats a shiny new account you have there!
You are a buyer at 120
I presume then we wont be hearing anything else from you and you wont be buying in. Best of luck with your short position.
Snowwoman - sorry if I was impolite. Just feel let down. Thought I could buy Boohoo and lock and leave to retirement. Have a great weekend.
Now knowing how Boohoo operate I wonder how easy it would be for them to employee people to post positive comments on this forum?
I think Boohoo have more to do than to employ people to post positive comments on a chat board. You're sounding paranoid snowman11. I think it's time for you to take a rest from this chat board.
Please note that people who hold shares try to show people the positive side of Boohoo. People who don't hold shares or who want the share price to go down for whatever reason post negative comments about boohoo. It's as simple as that and no big conspiracy by boohoo.
Peoplepower - lol. Ithink I have hit the nail on the head. Do you get paid by the hour or for each post?
Emotion seems to be overriding here. Like most scandals, the effect will die out and it will retrace the losses within a few weeks. This is not the first time this has happened, history is telling. This is primed for a fib retrace up to 356ish before end of month. Higher after that, be patient and don't buy the emotional nonsense.
Now you're being ridiculous. I've read your posts snowman11 and you bought Boohoo at £4.10, panicked and sold them at a loss. You've bought back in at £2.54 and £1.99 and are scared of losing more money. You have also lost money on Melrose. You have to make up your own mind what to do. I believe Boohoo is a world growth investment which I'll be holding for another 20 years at least. These things happen to shares. It's like a roller coaster ride sometimes. That's life. Research, research, research is the key for me to holding Boohoo shares. This time next year this blip will be long forgotten. If this chat board is making you anxious then get off it and stay off it for two week is my advice to you. Go and do something that doesn't make you anxious, stressed or depressed.
Getting in at 199p will seem like a steal a few months from now. Investing, or trading, is never simple but there has been nothing to suggest we won't return to the 400's for Boohoo.
- Large holders like Jupiter increasing position. Aberdeen, in my opinion, are simply looking to tank it down to 250 to buy back in because that's what large II's do.
- Online businesses will boom with the high street dying and e-commerce gaining new customers since lockdown.
- Low-end products prosper in times of economic hardship.
- Business infrastructure remains sound, if they need to move production abroad then they definitely will.
- People have short memories and will find another hot topic soon enough - Nike, Primark seem to be doing just fine after similar events.
pookookachoo - I've been a lurker for a long time, but thanks for the attempt to discredit someone who has an opposing viewpoint. I just viewed your previous posts you've mentioned 150p and 200p many, many times... you missed your entry price in the panic sell so you're trying to panic others to sell on the cheap - we already had the Covid panic sells and look what happened... The SP might dip a bit briefly but nothing fundamentally has changed. It's going to climb back up, you're welcome to check back in next week. 300p before you see your 200p panic sell price.
Peoplepower - I spotted the Guardian article just before the market close, I sold my holding and tried to warn others. Since then there has been another article in the mail. I truly hope all the genuine investors mange to sell their shares before the price tanks again. Imho Boohoo are built on a house of cards. Gla now I am off to bed.
I'm glad you're happy with what you did snowman11. So I'm wondering if you've sold all your boohoo shares before close today, what are you doing posting 9 negative comments about Boohoo on here when you'd sold out already.
I can only guess you're trying to get the share price down to get in at a cheaper price. It's a shame you weren't honest about that before now.
Another one to filter.
Recent headlines
Daily Mail - Boohoo's founder links to Leicester 'slave' factory revealed
Daily Mail - Sweatshop owner of Boohoo factory confesses he pays a shocking £4.00 an hour
BBC news - Boohoo action on exploitation claims 'inadequate'
Lets see what the weekend rings.
gla
Daily mail are just repeating this was already reported alot earlier today. As they say DYOR and most of all don't use daily mail or sun.
Please talk to workers in UK public houses. They come from Australia, New Zealand and all over Europe. They can work up to 60 hours and only get paid for 40 hours. They live in, so something like £3 or more per hour is deducted from their wages to pay for their food and board. They end up being paid about £5 an hour, £200 a week. Because they live in, the owners can live away from the licensed premises, leave the workers to deal with deliveries, clean the public houses, tend the gardens, do the maintenance and anything else they get them to do over and above the bar work. The workers don't report any of this because they'll lose their jobs, food and board.
The UK Government does nothing to police employers when it's for them to do this.
What about owners of houses letting out on a room by room basis that are often unfit to live in? What about people letting out unfit sheds/outbuildings as rooms? What about landlords who can evict renters if they complain about the state of a property?
No doubt others on here can think of many more incidences like these.
Some workers in UK public houses are working 60 hours a week for £200 which works out at about £3.35 an hour.
why not mention A S O S article in march. Leicester again bnot giving workers enough space and denying toilet breaks.