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https://www.bbc.co.uk/news/business-53331994
This will drop to as low as £1
I dont think anyone doubts that the SP will rise again in the medium and long term. Boohoo isn't going to go bust because of this.
Right now, were trying to ascertain how bad its going to get in the short term and whether the SP has hit the bottom.
Personally I think this will dive alot more before it materially begins to recover.
I don't think anyone could have genuinely predicted such a huge drop today. It's only lunchtime and it's done almost 16%.
I think this will definitely drop below £3. The issue isnt really the one-off negative news in the papers this weekend - its the fact that this will trigger a firm-wide investigation of every single supplier and manufacturer Boohoo use. If anymore cobwebs are found, then it will sink even lower.
Ultimately this will raise costs due to increased compliance/legal costs and lower profitability due to reputational hit. The directors can kiss goodbye to their £50m bonuses for sure.
Once the investigation is done and the case is closed, I may consider re-buying at that point. Until then, its impossible to make an informed decision.
Sold out at 8500p as this may continue to fall. I will re-buy, Astra will have the world's first vaccine
great buying opportunity today. price is dropping, im beefing up my position