Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
For those of you who are unaware, the sudden rise in SP is due to the explosion in the share price of AMC, nothing more.
I take a lot of the ramping comments on this site with a pinch of salt, given what happened after the previous trading update. However, this time I feel boohoo are in a completely different place. All slavery allegations are being dealt with, new auditors have been assigned and there is a possible take over of Topshop in the pipeline. There are a lot of private and retail investors which I feel are sitting on the sidelines to see whether the negative press has had a detrimental effect on Boohoo's sales or not. This is essentially the only reason the share price fell when the news broke, investors were hesitant as to what affect it would have on overall sales. Barring any negative updates and providing sales targets have been met (at a minimum) confidence in the company will begin to grow and with it so will the share price.
Feels like a constant uphill battle holding this share, 2 steps forward 1 step back springs to mind. I’ve held for around 3-4 months now and my patience is wearing thin. I honestly can’t wait until results day so I can finally dumb this share once and for all. Bought in at 280 and watching this share rise 2% and then fall 1.9% the next day has extremely irritated me when looking at all the other potential shares I could have been involved in over the past 4 months. Corsair, plug, NIO to name a few!
I'm deeply invested in boohoo and I'm cheering them on. However, the tweet from CEO can be interpreted in various different ways. He mentioned something along the lines of "we've broken all records" but this could be based on units shipped rather than revenue generated. As they were doing 99% off promotions the number of units shipped doesn't necessarily result in increased revenue/profit. I do believe all "records" were broken but it may not be as comprehensive as some people are making out.
Will you lot give it a rest! Boring now! Zzz
ASOS is also down 2.7+%, I feel this Boohoo drop isn’t anything Boohoo specific, thankfully.
You honestly been the patience of a saint investing in this share. Watching your profit turn red on a weekly basis is so demoralising. I have faith it will turn around!
In my opinion the only reason this stock fell today was because people sold boohoo to fund purchases into the airlines/banks. The drop in share price today was not a reflection of the company, in reality nothing has changed. We all knew a vaccine was coming sooner or later so today was merely an overreaction to positive vaccine news (it still won’t be available to your average Joe for at least another 3-6 and that’s on the extremely generous assumption the vaccine is ready for distribution, which it’s not!). Once the dust settles and people realise nothing has actually changed, money will begin to pour back into online retail where it belongs for the time being . I would hold firm with boohoo until at-least Christmas.
Brad
Thanks. So there’s no advantage/disadvantage to using either in the assumption the share will rise?
Can somebody please explain the difference to me?
What’s the difference between going Long and actually investing in the stock?
Thanks!
The way I see it is as follows..
Boohoo are currently tied down with the recent bad new such as the audit situation and Leicester scandal etc..
Once the above issues have been addressed and boohoo becomes "untied" I imagine all the good news such as the US investment acting as springs which will propel the SP higher than it otherwise would have gone.
Great news. So so far this week approx £360m has been bought from US investment, that can't be a bad sign! Onwards and upwards..
Can somebody explain the RNS? Am I right in thinking Morgan Stanley have just bought 5.4% of the total shares? So £180m??
Do you honestly think a company the size of Boohoo will knowingly mingle with suppliers who they know were committing VAT fraud and money laundering offences just to save a few quid?
Back in with 1900 shares @ 267p
Everything I've read points to an overreaction to PCW resigning. Its a huge company who simply didn't want to be associated with the recent negative press surrounding Boohoo recently. The company was found to have committed no offences during the independent audit and Boohoo remains a hugely profitable company with the worlds at its feet. The road may be rocky for the new few weeks but I'm confident the SP will recover in the coming weeks.
An interesting article from our friends at Motley. They change their minds like the wind, only a few days ago they were advising to sell the shares!
https://www.fool.co.uk/investing/2020/09/30/the-boohoo-share-price-falls-despite-great-results-whats-going-on/