Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The pull back @ 8.30am was an ideal entry point for day traders therefore I'm anticipating the day traders to sell off this afternoon. I'll be happy if we see some support @ 350. NXT obviously up & ASC @ +2.0% which is positive.
IMO the Shein delivery & return times put a lot of potential customers off! From my experience teenagers who get pocket money & have never heard of the saying 'buy cheap buy twice' will put up with the time scales to save some cash.
I've never returned items to Shein - Does anybody know how long this takes & how long for a refund & do you have to pay postage? BOO offering a subscription deliver service for £9.99 PLUS FREE returns makes for a hassle free shopping experience!
For me acquiring Top Shop would be a bit like buying an old run down house & renovating / modernizing the house in the hope the money spent would increase the value of the house. If the renovations are done correctly & the house is in a good area & there is a demand then the value will increase. Thing is when you buy an old house you always end up with problems you didn't know existed until you moved in - Therefore there are known & unknown risks involved.
If an additional brand is required it may be more cost effective to just start a new one & I feel Top Shop needs BOO rather than BOO needing Top Shop.
BOO could always let someone else try & sort the Top Shop mess out in the first instance & if Top Shop fail again in a few years time buy the brand @ a vastly reduced price.
So many positive catalysts to DRIVE this share upwards @ the moment. I'd normally be very happy with one or two pieces of good news PLUS the pending results. It's like a perfect storm of coinciding news & events! GLA
So many positive catalysts to DRIVE this share upwards @ the moment. I'd normally very happy with one or two pieces of good news PLUS the pending results. It's like a perfect storm of coinciding news & events.
On paper this share has lots of upwards traction BUT as always with BOO expect the unexpected & hold the line if required & wait patiently for the rewards! Pull backs & profit taking will occur I have no doubt.
Just goes to show how out of control Leicester is! The VAT & Furlough fraud probably amounts to 10's of millions & hopefully the government will now start taking the issues in Leicester seriously & get some treasury boots on the ground!
@ragtrade: How would you score their performances & the factory update?
Please add anything else that would be worthy of a score?
You are this BB's resident expert in the field so I very much welcome your comments both positive & negative.
City AM link below:
https://www.cityam.com/boohoo-exits-64-leicester-factories-over-code-of-conduct-breaches-following-supplier-scandal/