The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
No surprise as this economic climate is not favourable to cyclical stocks like retail. Every sector is affected, from luxury to discount. It will turn eventually … falling interest rates may well be the catalyst.
Agree with this sentiment. What will lift the SP and ensure a steady re-rate is improving numbers, so that is what I am looking for.
The economic outlook is improving and the cost of living squeeze should soon be in the rear view mirror. That should help steady the ship and hopefully we will see better results.
A sudden departure is quite unusual, and my best guess would be a disagreement over something, or a falling out between people. The sector is under pressure and whilst Kamani’s “boom time” may well appear in the next few years at this moment it’s a hard grind for online retail. Relations can become fraught.
I thought Norges had a big stake, but when I looked through the updates I noticed that on 22 June 2023 RNS it states they have no holding? The previous amount was 2.97%.
They might have re-purchased later but seems unlikely?
What don't you get? Shorts have risen leading up to an expected trading update, with a background of falling retail sales in December. As long as retail is challenging the shorts will be pressurising the share price.
The key for Boo is signs of steady sales and perhaps some tentative growth. Most retailers are under pressure currently. That will change eventually, but when is anyone's guess.
The circus that is the SP is a side show, and no upward movement can be trusted to continue until the numbers are there to back it up.
What is painful is how sad a human being you have to be to join a site in order to troll people you don’t know. Joined Oct 23, no holding, posts only on Boo. Looks like a former troll in a new disguise?
I’m looking forward to the advent of AI that can detect mental health problems in posters. Then ban them.
As I stated previously my broker called me unexpectedly. I never took the call but emailed them. The reply was that there was a demand to borrow Boo shares, would I be interested in making a return on mine? The strange thing is I switched off that facility, so why call me?
Perhaps Ashley is lending, allowing the SP to fall, then buying more? For what purpose?
I don't think a merger can be forced on the company, by anyone, as the Kamani's still have enough ownership to prevent that from happening. I can't see them pursuing that option because it would dilute their control of the business. There is a possibility of a takeover, but the price would have to be compelling to tempt them. With Shein looking to IPO there may be a possibility of a takeover, and perhaps that is what Ashley is investing for? He has had dealings with them and will certainly know more about their plans than an outsider.
I'd be surprised to see a merger, but I wouldn't be surprised to see a bid.
Bad start to the year … for practically every stop. US markets drop on good employment numbers, because a hot economy reduces the chance of interest rate decreases.
But this is still holiday trading volumes, and there is a long way to go. Shorts placed going into the trading update season. Hoping for more bad news. One day the news will turn positive, and it will take people by surprise.
Read a Twitter comment about Next this morning. It had fallen 90% in the 80’s and was on its knees. Anyone investing £10k would (according to the tweet) be sitting on £4 million. Food for thought.
Pendulum - it is simply a stock that is easy to manipulate if you coordinate with other professional shorters. There is no countervailing forces except the likes of Ashley, and I wouldn't be surprised if he is also loaning shares.
The SP rose off the back of more favourable macroeconomic trends, but that is not enough to deter short interest. What Boo needs is stability in the numbers and the prospect of better things ahead. In the meantime, don't be surprised by these attacks on the SP.
Isn't this just short interest increasing in anticipation of disappointing retail sales ... from a range of retailers? Same cast of retailers ... THG, ASC, BOO ... if the online world is still suffering there's no reason for this to stop.
The improved macroeconomic picture with the prospects of interest rate reductions is positive for the markets, but the most important numbers are the updates. Looking for stability and return to growth in 2024.
The important thing to remember about the Kamani’s is that they have considerable skin in the game … so will want their life work to come good, for reasons of wealth and family pride.