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Is it going to pay dividends this year Ted Baker
buying opportunity
lol, no it wont all stocks will go down over the next few weeks. theres a bigger chance of it going to 60-70p range than 110-120 range
will back up very soon as usual
Still seems quite frothy without volume. I had expected it to get pulled under by the economic / COVID-19 doom and gloom. I think, it's already priced to fail, so more indications of the green shoots of recovery in Oct results should send us north, IMO.
The NEXT H1 results are massive for Boohoo
Next SP is up 2.63% on H1 results
https://www.lse.co.uk/rns/NXT/results-for-the-half-year-ending-july-2020-6yghgzj5x4aw2i6.html
Next last year did 3.997B revenue with 854M profit
BUT in H1 their sales from RNS were -33% down with guidance for -12% down on full year - Ouch!
They only made 9M profit H1 - down massivly
In store sales are clearly declining & people are moving online
Boohoo last year was 1.234B revenue with 90M profit
H1 guidance is 25% growth that they will achieve or exceed
Estimated H1 profit should be around 55-60M+
That is a lot more than Next
This is excellent news for Boohoo
I have been looking at the numbers & think 480 is a reasonable target for 6 months time, with an interim SP on 400 approx come Sept 30.
If you look at 2016-2020 numbers they grow 44% to 97% every year without fail.
In 2020 they did 1.234B revenue generating 91M profit.
Extrapolate the growth at 50% (they guide 25% but 44% is the lowest they've done & lets face it Covid will be 50-100%) so a conservative 50% puts Feb 2021 @ 1.85B revenue with 135M profit!
Current Market Cap is 4B would be 6B giving a 480 SP
Compare ASOS who did 2.73B revenue with only 35M profit & now have a 5B Market Cap
Boohoo looks more interesting as multiple brands, better worldwide presence & higher profit than ASOS.
Also through Social media & celebrity endorsements they seem to have better momentum
ASOS is 'only' growing at 13% - 19%
So from this it looks like a 50% gain is achievable in 6 months
We have 9 trading days to buy in at 310-320 for a 25% to 50% gain - be greedy
"be greedy only when others are fearful"
Warren Buffett
False alarm. Everybody back to sleep.
Moving up quickly on little volume, which is odd.
back to 115 soon
finishing in blue
Dow has finished massively lower today bloodbath here tomorrow
Looks like it did hold up :)
Much lower volume but I'm happy where we are today. Treading water at these sorts of levels was what we did in the 90s, then we saw a rapid move upwards with volume. A similar thing could happen again, provided nothing (e.g. bad half year results, in Oct and/or the COVID19 crises rapidly deepening) derails the progress.
Yes, perhaps people saw the Dow finish yesterday and put sell orders on, in the expectations that London would follow this morning. To be fair, the FTSE was almost a percentage down first thing, but bounced strongly.
Some big sells going through this morning already
I think today is the real test for this support.
"Yes, I saw that, but I can’t really see the company letting the fox back into the henhouse if that was likely."
It's a different company now, in terms of ownership - basically, with TOSCA in charge - so who knows what may be afoot. Ray seemed to have a mind to take the company private, not that long back - could it be on the cards again, but with TOSCA into bat for the same outcome?
Does look like 112 or thereabouts is acting as support. Now just need it to break through the 120 resistance. Be nice if it did that this week....
Yes, I saw that, but I can’t really see the company letting the fox back into the henhouse if that was likely.
was going to invest when this was 6xp and never trust my gut, well done those that did! :)
I actually think 112p will hold this time.
Ray’s move has fuelled takeover rumours, in the city, apparently.
I’ve placed a top up buy order at 105. The swings probably make it a reasonable possibility.
Not enough volume as yet to take it past 120.
Watch this fly past 125