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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.
I’m not really surprised by the drop, the last time I got a broker call for loan shares the same thing happened. I’ve also been reading a good few times in recent days of warnings of a US market drop. All the shares on my screens are red, with few exceptions. Keynes referred to it as Animal Spirits, the role of emotion and herd mentality.
Apparently 100 jobs going. The girl on the Panorama programme pretending to be an employee will be happy, some of the staff impacted would have worked with her.
It’s the hypocrisy that I object to. You could infiltrate any retailer in the UK and find something to make a fuss about. In fact, extend that to practically every company and civil service department in the UK, including the BBC.
A Sheffield media outlet The Star reports job losses at the BooHoo Sheffield warehouse following efficiencies from automation.
Looks like the cost base is being driven lower. Bad times force companies to streamline costs. That is why when better times come the profit impact can be exceptional.
On the share loan point, I did wonder if it was getting more difficult to find stock for loan? I do not allow loaning, yet they still asked me?
Big dip this morning. Yesterday afternoon I received a call forum my broker asking me if I wanted to loan out my shares. That’s the second time. I selected the no lending button on my account yet they still ask? So someone shopping around for stock, presumably to short. Only good updates will see this pattern off.
SuperheroSam.
Joins on 19 March 2024. Invests in BooHoo. And becomes a consistent troll of the company?
I think we have all seen this pattern before Sam. My guess is we have another troll from the past with a new disguise?
Come on Sam. You’ve invested in BooHoo. What was your investment case?
Expect a steady reduction in inflation and interest rates over the Summer. Combined with higher pay the consumer outlook should look better the second half of the year into 2025. For the first time in a few years the macroeconomy is favourable.
The forecast was for a decline in H1 in the high double digits. Given the retail climate of the last 6 months, which is poorer than I expected, the result is consistent with guidance. Stock and cash are ahead of guidance. So it is at best in line with guidance, but slightly better given stock and cash.
Overall, better than most were expecting given how hard the consumer has been hit.