Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
And there you go T4G the resident BOOHOO spin doctor now manages to convince himself and probably a few people here that big engulfing red candles/downdays are nothing to worry about.
Neither is shorts adding either
Neither is the significant increase in net debt
Or the double digit drop in revenues
Or the rise of Shein
Or the disastrous investment into Revolution Beauty AFTER they got caught for accounting fraud
I mean, there's just never any bad news with BOO is there.
Every price is the right price to buy BOO
Every day is the right day to buy BOO
Follow shorters when they're closing, ignore them when they're adding.
If those were bug buys just think of the size the sells must have been to drag this down !!
Shorts loading up again they're not daft.
Negative cashflow
600m market cap
No profits until 2026
Double digit sales decline
Losing market share to shein at a alarming rate
Net debt increasing substantially
Investment in REVB basically gone up in smoke
The signs are there if you're paying attention
Funny
That article I copied from was only released 4 days ago by proactive. Here https://www.proactiveinvestors.co.uk/companies/news/1003777/boohoo-sees-group-revenue-by-decline-11-but-positive-on-cost-inflation-outlook-1003777.html
Also that is not me on twitter lol even if it was so what? What does that prove oh right yall think I went short at 37p when the price target is 35p. I don't think so.
And if IF I was short then it is doing a hell of a lot better than any longs here even if it was down 25% which it isn't and am not LOL
Yall just don't like any contradictory views u just like a echo chamber here . Its one ramp after the next and any slightly negative views are shot down as old, discredited, short attacks.
The only way is up for boo
Every day and every price is a good time to buy boo
Lol !!
Boohoo’s share price and valuation metrics could entice a would-be investor into purchasing shares, but a deeper look suggests it could be a value trap according to broker Liberum.
A value trap is a stock that appears to be cheaply priced based on fundamental metrics, such as an enterprise value/sales (EV/sales) ratio, and the market price compared to historical highs, making the stock appear discounted.
A higher EV/sales ratio means the stock appears to be more expensive and vice versa.
According to analysts at Liberum, the “shares appear cheap” at 0.35 times EV/sales 12 months forward.
This is in comparison to an EV/sales ratio of 2.5 times before the pandemic.
Analysts at the investment bank also note that shares seem cheap on an EV/EBITDA ratio of 8 times.
However, according to Liberum, “there is better value elsewhere for now.”
Specifically, the broker notes its own forecasts of “negative free cash flow until 2025, debt on its balance sheet, diminished prospects in key markets and a lack of visibility on the scalability of its newer brands,” as reasons behind the value appearing distorted.
Earlier today, Boohoo said it expected rising costs to moderate in the current year after posting an 11% decline in group revenue for the four months to 31 December 2022.
The company said its performance for the full-year ending 28 February 2023 is expected to be in line with expectations, with an adjusted EBITDA margin of 3.5%, which is at the lower end of previous guidance between 3% and 5%.
“The poor results reflect the tough comparative from the prior year, ongoing challenges faced by online retail brands, with high-cost inflation and weaker consumer demand having an impact on the very fabric of the online fashion industry,” said Russel Pointon, at Edison Group.
“The drop in revenue experienced by Boohoo exemplifies a broader pattern of decline that saw online fashion firm Missguided fall into administration in May 2022.”
Reward videos = higher revenues right? Ching ching!!
T4G has it.
Doesn't matter what evidence is slapping him in the face he always spins it.
Another short opening up today is no biggie now. Makes me laugh this guy.
Answer this T4G ... If ANOTHER short opens will that be good or bad? Will you be encouraging others to sell short and follow the shorter if their increasing shorts or do you only encourage it if they are closing.
Just how far underwater are you here? Must be significant
T4G you said earlier shorts were closing and people should follow them.
Now it seems new shorts are being declared so should people still follow them then?
Your not consistent whatsoever you are a major ramper of this stock. I still believe it is headed low 20's as is clearly obvious from the chart and obviously new short positions think there's something in this for them don't they.
How you spinning this one to a +ve T4G ??
https://www.**********.co.uk/articles/hot-stocks-on-vox-markets-68cd04a
Boohoo described as "high risk"
People need to be looking to 2026 for a recovery
Baaahahahaha
Ok now it seems likely so why are bids not coming out and shouting about it still under NDA I guess but why now it is in black and white I did slice half my holding after the legal dispute came up but will regret that if RNS drops tomorrow morning grrrrrr.
How do you know this is definitely BIDS in Madden. Huge if true but am sceptical as share price would t be were it is if this is definitely in a EA game
I'm still here laughing at you lot ramping. Funny how all price downgrades and the like are ignored but any possible upgrade is ramped to buggery funny :)
Bottom line is that these aren't going to be profitable for years and net debt is increasing substantially. Their losing market share to Shein at an alarming rate in the USA inparticular and have invested substantially into revolution beauty which is going to resist at fire sale prices given the holesale fraud which has been uncovered.
T4G will still spin it as a +ve
Remember guys, there is never any bad news for BOO. Only ever good news lol
T4G read the TU again. Net debt expected to be 1x adj EBITDA which in my view means 10's of millions. Not 10 million.
And any short here is most certainly doing far better than your long mate so pipe down eh you arrogant sanctimonious t.ss.r
I would rather invest in boo than shein too
But I would rather order my clothes from shein than boo and so it seems would many others in the world given the shein app was the most downloaded fashion app in the USA last year.
Like I been telling you, all the women in my family and there friends are ordering from shein. Takes a bit longer for delivery but its loads cheaper and much better range.
The point is boo are losing market share to shein and in a big way. Judging by predicted sales decline again this year for boo and huge increase in net debt I would say it'll get a hole lot worse for shareholders here before it MAYBE gets better.
Just wait until RevB relists. How MK invested shareholder money in that bag if sh it even after known accounting fraud is beyond reprehensible.
Take the rose tinted glasses off rampers, bears are in charge here and will take this to the low 20's which has been the target since way above 200p and most Yall have been in denial all the way down cough cough T4G
For the four months to December 31, the group revealed its turnover had fallen 11% to £637.7m from the same period last year (£714.5m). Sales declined in all regions. Management confirmed this means that revenue for the current financial year is expected to decline by 12%.
Four months to 31 December 2022
Worryingly, there was a 12% decline in sales year on year in the USA, once a major growth market for the firm. This suggests the group is probably losing market share to Chinese rival Shein, which was the most downloaded app in the US in the fashion and beauty app segment in 2022.
To be fair, most of the figures were in line with previous guidance. And adjusted EBITDA is expected to be in line with market expectations, with an adjusted margin of about 3.5%.
Overall, it just confirmed what most already knew — and what’s priced into the stock. That is, the company’s continuing to struggle on a number of fronts.
Chief among its problems is inflation. It’s a major headache as it increases input costs at the company, but also limits how much its young customers have to spend. And boohoo doesn’t have too much pricing power, mainly because fast fashion’s selling point is its cheapness.
After years of growth and increasing profits, boohoo is now seeing declining revenue and has swung to a loss. Investors probably aren’t particularly interested in such a combination.
Will I buy the stock?
One of the main concerns I have with fast fashion in general is its sustainability. The industry has a significant environmental impact. According to the UN Environment Programme (UNEP), fast fashion is the second-biggest consumer of water and is responsible for about 10% of global carbon emissions.
This impact has largely been overlooked by consumers until now. But I think there’s a possibility that younger consumers (boohoo’s core market) may judge such issues more harshly in future.
Of course, I may be wrong here. The immense popularity of Shein — the current king of global fast fashion — seems to indicate otherwise.
Overall though, I think there are too many risks attached to boohoo stock for me to buy the shares.
Nothings a problem in your eyes T4G Yourr biased to the core. If this does drop to the 20s like I've been saying then that makes a HUGE difference long and short term.
If it gets to 200p from here thats a 5 bagger but if you get an entry in the low 20s then its a 10 bagger.
Problem with you is that you think every day and every price is a good opportunity to buy BOO when its NOT.
Sales down a bit but doesn't bother you? Its more than a bit old chap and they're slated to drop further this year meanwhile Shein and Co are mopping up taking market share.
Net debt is a huge problem also and interest payments are going to delay profitability and any dividends for years but guess that doesn't bother you either and finally the money pumped into revolution beauty has been a massive mistake. MK has basically gambled with our money and LOST... But again, not a problem for you right?
Open ur eyes man. See you in the low 20s
T4G I said I'd be back u arrogant pos.
You lauded up net debt position as being 10m and saying nothing to worry about now look at it. It will be 1x ebitda whatever that is my guess means it will increase SIGNIFICANTLY
Also everything I told you about Revolution beauty is true as you will soon find out. Shocking use of money by BOOhoo.
Asos and next etc.. done well so has shein but not boo and why? Its because they're in decline. Shein and primark are where the kids are all shopping now you will see mark my words this has low 20's written all over it
As I have been saying ....
So, what is Adj EBITDA for this year anyone???? Concerning that they're being opaque about it. Where is T4G as well, gone awfully quiet this morning
net debt expected to be less than 1x Adjusted EBITDA at the end of the financial year
Those with that amount of stock need these liquidity events to cash out thats all it is. Loads funds wanting cash right now it makes sense for them. We use to our advantage onwards and upwards the numbers don't lie here .
No brainer