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Frasers don't have a history of M&A, preferring to take over businesses in administration. Ashley appears to have a side line in speculative investing, so he takes punts on what he perceives as undervalued assets. I think his investments are less about takeover, and more about punts.
Gross margins dropping is no real surprise when ASC is in the middle of clearing historical overstocking. The heavy discounts kill margins and that is why the stock reduction programme is so important. That it is ahead of plan is a positive. When legacy stock has cleared gross margin will improve.
I'd only engage with you face to face. I'd like to meet the type of person who trolls other people on an anonymous website, just to see the actual person. But it is no surprise that is the last thing you would want.
There is no reason for BooHoo to go anywhere until we see a string of improving results. No point in getting excited about spikes in the SP or plunges if it is not based on any company specific news.
As for bickering, my only comment is don’t engage with the fake multiple alias poster, and we might actually get a more productive board.
I don’t think Shein can IPO in the US, as it is only a matter of time before regulation catches up with it. When it happens everybody will say it was inevitable and obvious.
The other issue is of course short attacks, which will level the SP, and the authorities won’t want US investors holding the baby. The UK Government are a little more desperate for a short term boost, so they may well allow it. But I have a feeling it will blow up in their face.
Given the tensions with China, especially over Taiwan, I would give China companies a wide berth.
They post, and then use multiple aliases to “recommend”.
So newbie Sam posts and immediately gets 3 recommends. As 4 culprits are called out, that would be about right.
Not difficult to work out the MO. Insanity.
Yes. I still believe that the best board would be one with verified posters. At least you know you are engaging with a real person, and not multiple aliases.
The only problem is that the same psychologically unstable types would hound people privately. But at least they could be traced.
I am surprised that many of you engage with fake “investors”. My guess is there is only one person, operating with different names?
They have to say that they are “investors” because if they weren’t they would be advertising their own psychological instability.
ASC has been on “sell” rating with Shore Capital for two years? The same Shore Capital that applied a “buy” rating on BooHoo in October 2023?
I have little time for broker ratings, having read the City Boy book several years ago, but I think some context is helpful.
But thank you to a fellow “investor” who is happy to constantly publish “bad news”, even when it is no news whatsoever.
The trolls going into meltdown. When BooHoo mislabel a range they go into doom and gloom mode, but they don’t think that the sharp practices of Shein will come home to roost one day?
Too many local companies calling out de minimis for it to last. And don’t get me started on Uyghur slave labour. When Shein lists on an exchange is there anyone who thinks it will not be shorted heavily?
I’m surprised that so many of the “investors” on here don’t recognise that possibility. Maybe they are too focused on trashing their own “investment” to see it?
I agree. I think it is only a matter of time before this practice is shut down. Further down the road, if we see China move on Taiwan … what happens to Chinese companies trading with the West?
Southcoastbather - just seen your post re ASOS.
I don't own ASOS but had a look at their update when it was issued because there would be some crossover to Boo Hoo.
They were essentially inline with guidance, but there was better results with regard to stock (ahead of plan) and cash flow (strong, reducing net debt).
They expect sales to be down 5-15% over the full year, and they reiterated that target.
First half sales down 18% were in the "high double digit" range that they predicted in their previous update. High double digit implies 16-19% in my opinion, so within the predicted range.
I thought there results were okay considering how bad retail (especially online) has been since their Summer update. I expected a worse result, as consumer tightening and high inflation have persisted longer than expected. I think that is why the market response was positive.