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Looks a good move selling this business. Only a £100k lost in profit for a return of £1.8m. Seems a good trade.

I agree Buffaloben that the sp has been kept down mainly because of bad press caused by working conditions. This will change in time as they implement the changes.
Why do you suggest £2.90? Why not £3 as round numbers are always harder to break? Unless you are looking at stops being taken out just below the £3 mark.
You suggest longer term £3.20 looks cheap. For 95% of investors, a winning strategy is to always hold and not to try and trade, and that would mean, not to be scared out of a trade by people on here saying the sp will drop. If investors are not experts I would always recommend holding a share you believe in over buying and selling repeatedly.
So for me, this comes down to whether I believe it is a good company to hold or not? At the moment, I see no reason to sell, but I am willing to add on drops in the sp. Boo really does remind me, in my 30 years of investing of the FANG companies (or now known as FAANG).

Need a finish above 1810 for institutions to have a confirmed breakout and start buying gold again.

This board really does make me laugh. So many useless post that hide the useful ones, being positive or negative. I'm so glad LSE chat forum is my very last port of call to read up on info of a company as I really can't be bothered to read through all the posts.
I noticed a lot of posters going on about only a 25% increase expected over the next year. Isn't 25% good? Bear in mind that is on top of a 40% increase in a year where is was always going to be higher due to lockdowns.
A 40% increase yoy is really unrealistic but when you look at the money spent by BOO on acquisitions, logistics, warehouses, head office ect ect, then a 40% increase could well be achievable once again.
Go look back at the last so many results, and you will see the company being cautious in their forecast all the time.
Finally, as for predicting the share price, who gives a toss about the intra day prices (unless your a day trader)? No one knows for sure what the share price will do. There are plenty of experts within the markets and they always have different views. If anyone is silly enough to listen to numpties on here telling you the share price will be X Y or Z then fool them. You can guess at a share price by fundamental valuation or by technical charting, but at end of the day, it is still a guess, albeit an educated guess.

Guys, I know wrong board, but some of you follow RSG. Anyone any ideas if anything going on over there? A £1m trade yesterday and £387k today. Seems someone knows something, possible an offer for the mine they were going to sell to the chinese?

Someone yesterday at 8:11 put a wee £1m trade. Obviously just sofa change. And then today £387k buy.

Do you get the feeling that something is about to be announced? Some very big trades been going through.

Not necessarily.
It's not unusual to sell on results.
Unless your day trading, just ignore the ups and downs of the share price. The company is growing and the share price will grow too. It is quite possible you may be able to buy cheaper tomorrow but I very much doubt you will be able to buy at this price in two years.

Just to re-iterate, this is Paul Scott's report and views. This part I found very encouraging and makes me happy to hold and ignore the noise.

"Broker update - a note from Zeus Capital has just hit my inbox, via Research Tree. This starkly demonstrates that BOO shares are priced completely wrong, given the growth track record & prospects. Consider these latest forecasts:

FY 02/2022: Revenues £2,194m, Adj PBT £185m, Adj diluted EPS 11.81p (PER of 26.8, at 316p per share)

FY 02/2023: Revenues £2,741m, Adj PBT £240m, Adj diluted EPS 15.31p (PER of 20.6, at 316p per share)

How does that valuation make sense? It's ludicrously cheap for a group with such a strong growth record. I think the market is offering us a wonderful bargain today. Obviously DYOR, as usual."

My opinion - this all looks good to me. BOO tends to guide cautiously, then upgrade expectations as the year progresses.

It’s clear that lockdowns were a mixture of positive & negatives. Also note that BOO actually continued to trade very well when the re-opening of physical retail happened last summer. Plus there’s less competition on physical High Streets now.

No sign of margins eroding, despite extra costs of cleaning up the Leicester supply chain. Gross margin rose slightly, from 54.0% to 54.2%. I think that’s because Leicester was used for speed, and wasn’t low cost. So margins could go up in future, as more product is imported from Asia.

Broker consensus is currently 10.7p EPS for FY 02/2022. BOO normally comfortably beats forecasts, which are raised throughout the year. I think the new brands could begin to really kick in later this year, and beyond. Hence I’m working on the assumption 12p+ is more likely for the current year. At 326p per share, the PER would be 27 times - which is a bargain, for such a strongly growing business, with almost unlimited growth runway internationally, and with multiple brands.

That doesn’t even factor in future years’ growth. I remain of the view that BOO shares are the ultimate “coffee can” shares, to hold forever. This is likely to be a very much larger business in a few years’ time.

I don't know what the short term share price will do - we've seen that it's extremely volatile & unpredictable, hence why I ignore it.

Broker update - a note from Zeus Capital has just hit my inbox, via Research Tree. This starkly demonstrates that BOO shares are priced completely wrong, given the growth track record & prospects. Consider these latest forecasts:

FY 02/2022: Revenues £2,194m, Adj PBT £185m, Adj diluted EPS 11.81p (PER of 26.8, at 316p per share)

FY 02/2023: Revenues £2,741m, Adj PBT £240m, Adj diluted EPS 15.31p (PER of 20.6, at 316p per share)

How does that valuation make sense? It's ludicrously cheap for a group with such a strong growth record. I think the market is offering us a wonderful bargain today. Obviously DYOR, as usual.

https://app.stockopedia.com/content/boohoo-results-12-months-to-28-feb-2021-new-thread-5-may-2021-805349?order=createdAt&sort=desc&mode=threaded

Boohoo Results, 12 months to 28 Feb 2021 - new thread, 5 May 2021
6:59 am by Paul Scott
47 comments •5,161 Reads
Good morning, it's Paul here with a new thread for discussion of results from Boohoo (LON:BOO) (I hold) due out imminently on 5 May 2021.

We decided a little while ago that the market cap of BOO at £4.3bn is much too high to continue discussing it in the Small Cap Value Reports (SCVR). Hence a separate discussion here will avoid cluttering up the SCVR for today, so please keep the discussion of BOO on this separate thread.

Just before the results come out, here's a quick summary of previous guidance, which we can use to measure performance today against:

Trading Update, 14 Jan 2021

Strong peak trading
4 months to 31 Dec 2020: 40% revenue growth
10 months to 31 Dec 2020: 42% revenue growth
Guidance for 12 months to 28 Feb 2021: 36-38% (raised from previous range of 28-32%), adj EBITDA margin c.10%
Medium-term guidance: 25% p.a. revenue growth, and adj EBITDA margin of 10%
Stockopedia shows broker consensus for FY 02/2021 of: 8.47p

Fingers crossed!

Here are my notes from the actual FY 02/2021 results -

Revenues: up 40% - ahead of guidance of 36-38%
Adj EBITDA margin of 10.0% in line with guidance
Adj EPS 8.67p is a beat against broker consensus of 8.47p (2.4% ahead)
Adj EPS of 8.67p is up 47% on last year
Strongest growth geographically was in USA, at +65%
New guidance for FY 02/2022: 25% revenue growth (of which 5% from newly-acquired brands) - note that guidance tends to be raised as years progress.

Current trading - trading in first few weeks of new financial year has been “encouraging”

Returns rate - benefit from a lower customer returns rate in FY 02/2021 is expected to “begin to unwind”

Carriage & freight costs - significantly elevated, expected to continue

Lockdowns - mixed effects - some benefits (e.g. lower returns rate, less competition), but core product categories saw “significant declines” (i.e. not selling party/clubwear so much during lockdowns)

Re-opening - already seeing “early benefits” from this, i.e. resumption of sales in party/clubwear

Gross margins in established brands expected to be maintained

Adj EBITDA guidance: 9.5% to 10.0%, slightly lower than previous 10% guidance, due to investment required in new brands

Seasonality - expect a return to H2 weighting for adj EBITDA (up against strong H1 comparatives)

Medium term guidance - unchanged, at 25% p.a. revenue growth, and adj EBITDA margin of 10.0%

Newly acquired brands - already seeing the early rewards from their growth

.

The report gives a possible valuation of 41p.

There is actually something to be said about listening to someone with less knowledge and a simpler view of things. Too much knowledge can often mar your view and hinder your judgement.

lol never too late to start learning.

https://youtu.be/0A6y6ITm23k

How long have you been married? Have to not learnt to do as your wife says yet?

I’m guessing rsg will see 39p very soon.

This explains the rise in the share price yesterday.

Which news letter?

Overall I'm happy with the results. On paper the company shows it did worse than last year financially, but the report shows that the first two months of the year was up on previous with revenues and profits. Then SFE made a loss of £6 during the first lockdown. After re-opening, which had a reduced production due to restrictions, the H2 was up 15% on last year on the number of installations.
Currently SFE share price is still below the pre-covid price of 76p, yet the company is in better shape now.