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A quick Google search has told me BOO employ over 2300 people & the VAST MAJORITY of 2300 plus people are made up of HONEST hard working individuals who want to go to work & provide for their families & progress their careers. 99.99% of the BOO employees are normal everyday law abiding people who just want to get on!
BOO is not some underground tax fiddling cartel / sweat shop! BOO is a GLOBAL multi million pound business that pays their fair share of taxes unlike other internet companies & if you haven’t already please review the videos of BOO’s distribution centre in Burnley - It’s state of the art!
This constant bull shine / dirt digging currently going on is just ridiculous! BOO have stated they are going to triple check there supplies but I don’t think that will be enough for some critics who seem to want BOO to fail – PERIOD!
Current Leicester City Council application No. 20201709
Proposal: Installation of one internally illuminated free standing totum sign at petrol station (Class X2).
Application Type: Advertisement consent
Consultation End Date: 05/10/2020
Target Planning Decision Date: 03/11/20
From 26th July 2020 Guardian article written by Julia Kollewe - Mr Lyttle stated the following:
'If the factory is not up and running by September, Boohoo will lease a temporary site in Leicester in the meantime.'
Mr Lyttle also stated Boo were looking at opening another factory elsewhere in the UK!
Hopefully we'll have an update on the above soon!
The Radio 4 program was a very interesting listen & the garment manufacturers need to be FULLY licensed & inspected (annually & random / spot checks) sooner rather than later!!
I'm looking forward to BOO publishing a list of all their UK suppliers - Full transparency is key!
The SP ranged below & then bounced of the hourly 200 SMA! My chart details two rejections of the 200 SMA before breaking above the 200 SMA just after 2.0pm. We also saw a cross over on the MACD & a positive slope on the RSI.
3 x check boxes ticked there! What will tomorrow bring? With this share expect the unexpected!!!
I’ve worked as an external engineering consultant for CINE on their new cinema projects & also for some of their sub-contractors since 2013 & I can confirm they run a very very tight ship! Unfortunately CINE are a victim of circumstances completely beyond their control similar to the aviation industry & obviously servicing a huge debt doesn’t help!
Closing down operations is making the best out of a bad situation & credit to CINE for making a tuff decision.
I see this as a buying opportunity (very small position) @ the right price due to the risk & a hold for 2/3 years.
The fundamental’s of BOO are on point & the growth statuary involves ZERO borrowing! The SP will rise & fall as buyers buy & sellers sell – It’s the nature of the beast & if the SP was @ 440 today PI’s would be wanting 500 (human nature)!
400 will be tested again & profits will be taken again & the SP will retrace again – A breakout followed by a solid support @ 400 may not occur till the next fantastic earnings update!
Superb self funded growth + A warehouse FULL of cash + ZERO borrowing = An investors dream in this current climate.
I found an interesting chart pattern that crashed & burned late morning – So my predicted close of around 385 went up in smoke! I noted that ShareExpert also had 385 in mind for today’s close & 395 for Friday which I agree with.
Assuming my assumptions are still on track but down perhaps a notch or two – If we see some upside I’d say around the 365 @ tomorrows’ close which is also were ShareExpert is.....Interesting!