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In a word....... No
I'm by no means an expert but reading on all the opinion that on here my guess is bottom price about 180 top price 350 short to mid term.
I bought some Boohoo shares on Friday for 3:01. With the slavery wage allegations now proving to be false and media bull****, does this mean that the shares are likely to rise on Monday ?
Excellent news, pleased to hear standard life have finished selling. Good riddance. Glad to have topped up on their shares
https://www.ft.com/content/6839e4f6-2afc-4061-a57a-5081dbb7d323
Multiple Boohoo inspections find no modern slavery offences
Lack of enforcement shows challenge in tackling allegations of supply chain issues
Boohoo announced a £10m investment to ‘eradicate supply chain malpractice’, which John Lyttle, chief executive, says is intended ‘to show how seriously we are taking the issue’ © Marco Kesseler/FT
Patricia Nilsson, Alex Barker, Laura Hughes and Jonathan Eley 2 HOURS AGO
7
UK authorities have found no evidence of modern slavery offences in the first round of inspections on Boohoo subcontractors in Leicester, underlining the challenge of tackling allegations about the city’s illegal garment factories.
Over the past week seven separate government agencies visited nine premises in Leicester, prompted by allegations about illegal work practices that Boohoo and Priti Patel, home secretary, have described as “appalling”.
The fast-fashion retailer has lost more than a third of its market value since a Sunday Times investigation exposed longstanding concerns about textile workers in Leicester being paid less than the minimum wage. Ministers also raised fears the cramped, unsafe garment factories helped make the city a hotspot for coronavirus.
But in spite of the concerted government effort to uncover abuses, the Gangmasters and Labour Abuse Authority has admitted that “no enforcement has been used during the visits”. “Officers have not at this stage identified any offences under the Modern Slavery Act,” the agency said.
The National Crime Agency, which also announced the visits to textile factories, said it would not give a “running commentary” on the investigation, but added the “visits are likely to continue”. One person briefed on the investigations said authorities were reluctant to publish further details over fears the sweatshops could move out of the city.
Boohoo on Wednesday attempted to shore up investor confidence by launching an independent review of its UK supply chain following allegations that left its board “shocked and appalled”.
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Boohoo: the crying game Premium
Alison Levitt, a senior lawyer and former principal legal adviser to the Director of Public Prosecutions, will lead the investigation into whether Boohoo suppliers have complied with regulations on wages and working practices.
The company also announced a £10m
just watched the Central News and even though there is an ongoing investigation from the police and other agencies the HSE stated that they haven't closed down any factories but only one has been told to improve their Covid 19 risk control measures. Also Conserative Baroness Sandy Verma wants a full investigation into the supply chains and agencies involved in making cheap clothes and will be pushing the Home Secretary to take action
The trend of this share looks very encouraging! Is the sentiment mainly based on high profit? Thanks
whatever chat you have, you'll always have detractors. DYOR and be happy in your choices.
Boohoo is a financially sound company to invest in particularity at these prices. There is a huge surge in online sales. People sitting at home bored. I have a friend who supports them logistically package deliveries. Apparently sales are going through the roof with online retailers. Even people buying gm equipment to vape liquids.
Definitely a safe haven the company a financially sound balance sheet, market leaders, their competition is fast eroding. The High Street firms paying huge rents are swallowing huge overhead loses. Private landlords and investment funds running freeholds are in some serious trouble.
Almost back to what I bailed out at 3 years ago! To keep myself afloat .. I’m in awe at this market at the moment
Can anyone tell me what is the point of someone buying eg 1 or 8 shares. But especially just 1. I don't get it.
Hi I’ve been invested in this share for years and due to financial issue need to sell however thinking what’s people thoughts on this sustaining current price or will we have a huge drop like on previous results day haha x
It changes every time I look
What's all this then, secret chat room
would be great to have a chat that's full of honest investors with views on the business and the share price, , It would never happen, not on these chats