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Well said Hydr31 - this most recent Boohoo share price low is higher than the previous Boohoo share price low. This is a sure sign that there are fewer Boohoo holders selling out.
Boohoo now have Boohoo, BoohooMan, Prettylittlething, Nasty Gal, MissPap, Karen Millen, Coast, Oasis, Warehouse, Wallis, Dorothy Perkins, Burtons, Debenhams along with Debenhams beauty and Debenhams brands such as Manteray, Maine and others.
Boohoo are brilliant at buying brands cheap and making them profitable within two years. They have done this already with the likes of the US brand Nasty Gal.
The Boohoo Brand on its own makes revenue of £600m, Prettylittlething makes £500m, Nasty Gal makes £100m. So, imagine what Boohoo can achieve in the future with all the rest of the brands they now own.
Boohoo are excellent at leading the trend and will continue to do this.
Time, patience and research are the greatest skills to learn when it comes to investing in shares.
And Debenhams used to turn over 3.5 billion only a few years ago. Sure that was including shops but with the trend accelerating away from high street I’m excited to see how big Debenhams will become. Unbelievable aquisition for 50 million.... absolute pocket change compared too it’s potential.
Absolutely Hydr31 - an amazing future for Boohoo.
I wish I had your confidence but let's wait and see, so what are we opening at on Monday above or below Friday close ?
As you've already said below Hydr31 "I’m dreaming of £10.... £4 is a given" exactly my sentiments too.
Boohoo has all the hallmarks for getting to a £10 share price in the next couple of years.
Time, patience and research is needed.
Reppyrr - stop focussing on daily movements and start looking at the complete picture.
I agree Boo have made some fantastic acquisition in the last weeks, I just think they have a image issue with the Boo brand, presumably Debenhams and Burton will be listed as part of the Boo Group or something similar and hopefully if all goes to plan the image should improve, but for some reason too many individuals have a dislike of Boo.
I'm just a novice investor trying to make a few £ and get frustrated at the lack of movement in a upward direction from my present average of £2.95
I cant fault the acquisitions and purchased at a good price.I just dont like the company and what they stand for.An awful lot of people feel the same way.Any company that has no respect for Human Rights has no place in society in my opinion.
Reppyrr - as a novice investor you are allowing daily movements in the share price to affect you. Investing in shares is all about time, patience and research. It is not about daily movements in the share price. It is not about bad press because that will blow over. It's about the fundamentals of the company which in Boohoo's case are excellent.
pedro61 - maybe you could try fighting for the rights of child labour, farmers and workers in gold mining which seems to be your preferred investment.
Here are some examples:-
https://www.hrw.org/report/2015/06/10/precious-metal-cheap-labor/child-labor-and-corporate-responsibility-ghanas
https://www.hrw.org/report/2015/09/29/what-if-something-went-wrong/hazardous-child-labor-small-scale-gold-mining
https://www.ilo.org/ipec/areas/Miningandquarrying/MoreaboutCLinmining/lang--en/index.htm.
https://www.theguardian.com/global-development/2016/may/20/child-labour-uganda-gold-mines-silence-far-from-golden
https://www.verite.org/project/gold-3/
https://assets.publishing.service.gov.uk/media/5a5f34feed915d7dfb57d02f/209-213-Child-labour-in-mining.pdf
https://www.commdev.org/pdf/publications/Addressing-Forced-Labor-Artisanal-Small-Scale-Mining.pdf
https://www.business-humanrights.org/en/latest-news/uganda-child-labour-in-artisanal-gold-mines-compromising-childrens-health-right-to-education/
https://www.business-humanrights.org/en/latest-news/tanzania-study-reveals-high-prevalence-of-child-labour-and-health-safety-hazards-in-small-scale-mines/
https://www.fairtrade.org.uk/farmers-and-workers/gold/
https://pubs.iied.org/sites/default/files/pdfs/migrate/G00531.pdf
https://www.tdh.ch/en/projects/tackling-child-labour-gold-mines
https://www.worldvision.com.au/docs/default-source/buy-ethical-fact-sheets/7185_dtl_factsheet_jewellery_lr.pdf?sfvrsn=2
And many, many more
I have a mix of investments,but I would sell out of any share if I thought they were abusing peoples Human Rights.Or for any reason if I was not entirely happy with the management.It goes without saying.
pedro61 - time for you to start doing the research you need to do on your own investments because it's obvious you haven't done any at all or very little. Unless you look for it then you won't find it. That is akin to turning a blind eye to what's going on with your own investments. Here's some more reading material for you:-
https://www.ihrb.org/uploads/reports/EC-Guide_OG-04_Part-2.pdf
https://www.ilo.org/sector/Resources/publications/WCMS_161194/lang--en/index.htm
https://www.ipieca.org/news/ipieca-guidance-labour-rights-in-the-oil-and-gas-industry/
Stop turning a blind eye to your own investments and start researching them to find out what they're doing wrong.
No problem with any of my investments,I can assure you.Would it not be better to spend your time looking into the massive problems with Boo.The U.S is not investigating for nothing,are they?
pedro61 - so you're turning a blind eye to your own investments. You obviously have no idea about human rights and workers' rights in the oil and mining industries. If you think there are no problems with your investments in oil, mining and gold then you're kidding yourself.
I know for a fact that all my companies and suppliers have always paid well over the minimum wage and all employees are well looked after.I absolutely guarantee it.Can you make the same guarantee?
Reppyr people power is right, stop worrying about the daily movements. I could well see this going to around the £3 mark based on the charts but I don’t sell out on these drops as I can just as well see Kamani buying a load more shares and this being £4 before you blink. If it does drop to £3 it won’t be there long enough for you to count your losses. TCM will be loading up like mad!! Bottom line is fundamentals are great so I add on weakness. If you sell out now I’d say there is more of a chance that you miss the gains. Look at the drops they are lower each time.... this is because there are fewer punters selling on them. Classic price consolidation. Once the sellers have all capitulated then this stock can start moving up. It looks like it’s going to coincide with results and hopefully some forward guidance on the aquisitions and life after lockdown. Sentiment is going to change. But you only profit if your buying when sentiment is down.
fundamentals.21 thank you for your comment, also in IA G and CWD also Cine with average of 53p so that's done really well.
The pennant suggests the bottom is 288.
This might dip as soon as it gets close so I'm looking for a green hammer on the charts as my signal to buy back in.
Peoplepower1 and Hydr31 I will try and ignore the daily movements. Only in for sufficient funding for a V4 Ducati
Reppyrr - I would advise watching your wealth everyday (and thus the share prices of your investments).
The only time people these silly things is when the price is falling. They never tell you to stop watching your wealth when the share price is rising.
Be wary of other silly comments like "put these in the bottom draw and forget about them for a year".
Thanks , I'm certainly not in for the long term my nerves couldn't take it, i plan to be out of everything June this year
I think the results are in 53 days so there should be a decent rise up to 360 - 390 by then.
US Customs officers have more to worry about than a ban on a UK online retailer - FT 2 March 2021
Punishment for coming forward about a crime is one of the recurring themes in US law enforcement. It can play out as comedy, such as when drug dealers dial 911 to report the theft of their stash, and more often as tragedy, such as when immigrants seek police protection that results in their deportation.
It can also play out as farce.
Shares in Boohoo slipped following reports that the British clothing retailer could be blocked from importing goods in the US on allegations of using forced labour. What set the ball rolling was a complaint to the US Customs and Border Protection agency, CBP, from Liberty Shared, an anti-trafficking organisation. It cited the supply chain review Boohoo itself commissioned last year as part of a reputation rebuilding exercise.
Boohoo said it was “not aware” of any investigation and promised to work with any “competent authority” to prove its products and supply chain meet the required standards. The whole episode brings to mind another recurring theme of US law enforcement — that gun owners are much more likely to be shot with their own weapon than use it successfully in self defence.
Boohoo’s response listed recommendations already adopted from last year’s report, which criticised management’s failures of oversight and governance but found no evidence that the company itself had acted criminally. These findings have become a key part of the armoury the group deploys to counter negative publicity around working practices, which first caught the attention of consumers and institutional investors last summer having been ignored for at least two years.
Yet the risk of Boohoo being locked out of its fastest-growing market appears vanishingly small.
America has been taking a harder line on slave-produced goods since 2016, when Congress closed a loophole that allowed their import if demand exceeded domestic supply. One of the CBP’s first uses of its expanded remit was to seize Stevia powder, a natural sweetener, from London-listed ingredients maker PureCircle, then release the shipment seven months later after an independent audit supplied by the company showed no connection with Chinese labour camps. More recent actions have targeted the Xinjiang region in China, home to the oppressed Uighur Muslims.
Establishing origin is challenging when raw materials flit across borders and fabrication passes between subcontractors. Reading a report on the Leicester rag trade will be easier for investigators than tracking down the provenance of cobalt-powered electric car batteries and cotton used in football shirts.
But having belatedly faced up to its problems, Boohoo’s reparation efforts go far beyond those of most fashion retailers. If its promises are delivered, the failings detailed in last year’s report will be historic. US authorities ought to have something better to do than hoist a penitent company by i