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73.20p just wacked on bid
Or reduced.. which is probably a better term.
Seems to have slowed a lot.
SP stuck in a very narrow range imo. for now. maybe later today it breaks out.
pull back down to 68.5p on the bid. bounced off it.
where do Boo generate their sales? is it just the website?
a wee little shake out then hopefully push on higher. hopefully 60s history today.
sort of employment utopia do peeps think is going on out there...?
"you find me a company that produces cheap goods (primark, h&m, lidl) that DOESN'T have some hugely underpaid labour involved."
you find me a company that provides cheap SERVICES that DOESN'T have some hugely underpaid labour involved.
anyone who thinks boo hop shares will not bounce back over 300 in the next few months has no idea about business or how people work.
you find me a company that produces cheap goods (primark, h&m, lidl) that DOESN'T have some hugely underpaid labour involved.
also, look at places like Nestle, Nike, Philip Morris, Apple - they have all had scandals around their labour.
and look at Amazon right now - the way they treat their staff is absolutely abhorrent and there have been countless stories about it but.... they can get me the headphones I want by the end of today if I order them this morning and they're cheaper than antwhere else so....
boo is a huge opp to make serious £££ especially under £2.
"how can Boo's suppliers get cheap labour workers now we are out of the EU. they are not high paying skilled jobs. UK workers won't work for £3 per hour."
I suspect Boohoo's solution will simply be to have an inquiry (which they've already initiated) and then quietly move the jobs abroad, which makes the most sense to my mind. I don't think there will be long lasting reputational damage. The #boycottboohoo twitter campaign never really gained much traction (500 shares I believe) and 18-24 year old memories are very short. In fact, I would be surprised if many are even aware of the scandal in the first place.
People still shop at Aldi after the horse meat scandal.
However, I did see it reported that they had seen a decrease in the number of their apps being downloaded. Whether that is a response to this time will tell.
It's going to come down to the numbers, like most things.
All but one analyst, remain bullish on the stock.
might there be a creep, or better still, flight up the value chain
there was a BBC article this morning about 'before you buy the £3 top' but it seems to have been removed.
how can Boo's suppliers get cheap labour workers now we are out of the EU. they are not high paying skilled jobs. UK workers won't work for £3 per hour.
Boohoo has been criticised by the chair of an influential committee of MPs, who said the online fashion firm had failed to address warnings of malpractice at Leicester factories. Philip Dunne, the chairman of the environmental audit committee, which questioned Boohoo co-founder Carol Kane about problems in Leicester factories in November 2018 for a report on the fast fashion industry, has disputed claims the group was not aware of potentially illegal working practices at factories making its garments.- Guardian
Well they will be under scrutiny for a while and may well have to answer to a Parliament Commitee, but it appears they cut corners and covered up some bad practices.
Things wont be the same for them and the investigation, implementation of changes etc will cost them, so their exceptional charges will take a hit
The media will keep them and their industry in the spotlight and social media will keep the issue going...but...it depends on how much pressure and attention can be maintained as to whether consumer buying decisions change.
They couldnt cope with the lockdown demand and put h/s second despite saying they were working night and day on safety....investors may not re-elect certain board members and demand change
All in all will be costly but changes will be implemented and they will no doubt then work on public image again....they will survive and absorb the cost of it all
Any enquiry into Leicester factories will no doubt take months and months but there will no doubt be more scrutiny from now on...one hopes
For the BOD to deny knowing and blame it all on suppliers stinks and they will be put to task over that
Any opinion on boo hoo here? Rather not ask those over on their board - rather hear a distanced opinion than someone caught up in it
Q4 2019 share price 400p. 44.59m * 4.00 = 178.36mcap today 184.5m shares in issue * 0.67 = 123.6m mcap. less the 105m raised = 18.6m so taking off the fund raise the shares are at almost a 90% discount. or one tenth of what they were in Q4 2019.
just wanted to remind myself. posted yesterday :)
deffy will rise to at least a £1 in the next few days, all the directors have spent between £25k to £50k on shares at 75p each
Nice to see the SP held up for the 2nd day in a row.
If the trend continues tomorrow, I'll add some more, I think.
UT 71.05p. not bad. more of the same tomorrow please.
bid ticked up to 70p just before the close on the last trade. quite happy if we close at or above 70p. i think 68p may be the support area if that doesn't hold then 65p. but hopefully 60s is now history.
https://www.alexa.com/siteinfo/superdry.com
yes its been falling. its impressive for a clothes retailer to get close to being in the top 500 websites. if TED got there that would be awesome. a long way to go though from 9k.
downbutnotout compare that to SDRY topping 40k
I want that info too, dude you are hard to please and asking too much its like you are asking for inside information, from the alexa rankings it not as good as boohoo, asos, burberry, jd or next but its certainly better than fraser, superdry, mulberry and their sp is much higher then ted also the stats says daily views and time on site per visitor for ted is quite good, its increasing and much better than superdry or mulberry. Also the short on this stock is 0% and that usually mean sp will go up in time when shorters are closing their shorts and go long.