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Has a date been confirmed for the results. There is nothing on Boohoo website on financial calendar?
It’s almost certainly not coming
“I understand that retailers such as BooHoo and ASOS have to compete with offshore-based competitors whose individual sales are typically well under £100 a time. Curiously, because of this upper limit, no Vat is paid by the customer when goods from offshore arrive by post. This benefits Shein but how it is fair and reasonable in relation to British companies is completely beyond me.”
So almost certainly not sold down then .....
What Syme engineers?
Peel Hunt: Boohoo setting up for 2024 recovery
Peel Hunt believes online fast fashion retailer Boohoo (BOO) is setting up for a recovery in 2024.
Analyst John Stevenson retained his ‘buy’ recommendation and target price of 75p on the stock, which was trading at 32p.
First half results from the group brought no surprises, with double-digit sales declines mitigated by cost and margin recovery. It also passed a key hurdle in the opening of a warehouse in the US.
‘We expect sales momentum to improve into the second half, creating a platform to build margin recovery into 2024,’ said Stevenson.
‘Boohoo is ticking off the milestones, successfully launching the US warehouse, recovering cost and margin tailwinds, building out the new portfolio of brands and the Debenhams platform, and setting up the business for a wider recovery into 2024.
I never quite understand the ex divi effect……people hang on to ensure they get the dividend at a given % and then sell the following day at a price lower than the % of the dividend?..am I missing something …..
I think Scotti you’re one of those that’s definitely PMS but almost certainly not PMSL …..not with the losses you’re looking at. You were warned so many times but just thought you knew better …..
He does indeed name E&Y ….as advisors but yet will never state they are the big 4 company that confirmed the accounting validity of true sale…and E&Y for damn sure have never said that anywhere publicly
I’ve said many times ….WHAT PLATFORM. I’ve never seen any details ever of Symes tech team. We get loads of posts on AZ the TF team, and many other sales employees etc…..but absolute silence in tech….and if there is any value in Syme it would be the platform if it has protected IP. I’ve thought for a very long time there is no true development here of any material value and therefore Syme has always been a financial concept that has yet to be given proper approval by the accounting regulators (of various jurisdictions). Some mythical unnamed (as always with Syme) big 6 accounting firm again is a huge red flag ….why does Syme never name anything …it’s values, it’s customers, it’s pipeline, it’s big 6 company who apparently have confirmed the accounting principles are likely to get “approval”. It’s all smoke and mirrors. IMO DYOR
ARahim - do you have any idea how commercial business are valued! The multiples to get to that figure are quite frankly ludicrous no matter who the independent (probably again unnamed) valuers were . I think if you took the “mln” off the end but personally I suspect £26.50 might be over paying
Why does that matter? You know it was a buy…the MMS know it was a buy…..the SP knows it was a buy…..the algorithm on the site that you checked it on which vary from site to site thought it was a sell.
Fundraising in this economy at this moment in time is like attempting to climb Mount Everest…. It’s both extremely challenging and extremely expensive!
Which one of the four big accounting firms? Please name them so we can fact check
Source: Companies House
TOTAL SHARES (31/12/2021) 36.280 BILLION
TOTAL SHARES TODAY 56.624 BILLION
Source: TradingView
SUPPLY@MECAPITAL PLC ORD GBP. 0.00002 LSE
0.0522 GBX
0.0006 (-1.14 %) TODAY
1.0414 (-95.24%) ALL TIME
DOES NOT NEED ANY MORE PARAGRAPHS
Final sentences…..due to this de-risked scenario and the stated aim to not raise additional finance all employees have agreed that due to the fact we are flat broke to be paid in Percy Pigs through a strategic alliance with m&S…RNS Ends
A lot of words the summary though is no delivery of any consequence, huge debt, massive private investor share dilution, a share price that sunk by 80+% and more smoke and mirrors than a brothel on fire
Steveward…have you ever thought that some of the people you are berating come on here to ward off some potential newbie investors (which a large % of the PI LTHs are on SYME)…..and gamblers not investors to boot and yes it has got personal and at times goes over the line on both sides. IMO that’s because the rampers are completely reckless in what they often describe as a company that is on the edge if delivery and going to fly. A so called multi bagger. It is a very indeed exceptionally high risk bet IMO and balance is required every day to ensure possible further people don’t end up in the sorry mess some of the rampers have ended up with. So don’t paint this as one sided mate …you are way off the mark