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Lol sorry Steve its 33%
My favourite line is;
"Those rules only apply if below to protect investors" Just made that sh*t up!
Like comps issue trading updates to say they're ahead left,right and centre for the the F of it!
So go sleep now people you've got your answer theyve already updated you in June 2020 they ahead of expectations for year ending 2021.
Last Sept 2019 you got an update because the June 2019 update said "in line with guidance" however come Sept 2019 they was ahead hence needed another update in Sept to inform of such AS PER AIM/FCA Rules.
Don't know what else you need to understand the rules...go sleep now...
FFs which year are talking about now, il prove you wrong once again...in fact I dont have nothing to prove, the rules are there in black and white and when you actually read Boos RNSs youl find they do follow the rules!
Peoplepower open your ears and listen to this!
If the actual results are ahead of guidance a trading update needs to be released 100%
The reason you got a trading update last year in Sept 2019 was because of this; the trading update in June 2019 said "at this stage of the year, we continue to expect group revenue growth to be 25% to 30%...ALL OTHER GUIDANCE REMAINS UNCHANGED"
However come Sept 2019 it was clear results were ahead of that guidance so they released a trading update in Sept 2019 to inform the market of this!
This year in June 2020 trading update they have already informed you "AHEAD OF EXPECTATIONS"
In conclusion, when reuslts are ahead or below expectations the market needs to be told as per aim/fca rules!
I've just pasted it in black and white statement to say the group is ahead of expectations for year ending FEB 2021 and your still in denial. One would assume Sept 2020 is incorporated but nevermind.
Goodnight and God bless!
People power you need to read them trading updates to see what they entail, also get a grasp of the rules...you don't need an update everytime something ahead, i.e 80% instead of 60%...only if significant!
Which is what I expect to see this Sept!
People power for the sept 2018 results, a trading update released on 12/06/2018 covered this...bit like the trading update on 17/06/20 covers this Sept results..
No more tedious fishing through RNSs now, we have our answer;
THE GUIDANCE IS 25% AND WE ARE AHEAD OF EXPECTATIONS!
There's nothing more to it now...its there in black and white...the guidance issued was "revenue growth is anticipated to be approx 25% for the current financial year"
And the trading update says "for year ending 28/02/21...group is AHEAD OF EXPECTATIONS"
Reading this Boo do not have to say anything more now! Bumper numbers back on FOR THE YEAR let alone interims in Sept!
So basically Boo issued a trading update on 17/06/20...in there under outlook and guidance it says...
"For the current year ending 28 FEB 2021, the group expects to deliver another year of strong profitable growth, and AHEAD OF EXPECTATIONS".
Basically you've already had your update for the current financial year which Sept falls into!
Again Steve the "10% rule" your confusing. Its 10% change in share price not guidance! A 40% result compared to 25% may still be fine without an update.
A 100% result with 25% sure as hell is not fine without an update.
People your argument doesn't hold. Shareholders need protection both ways, investors short stock too!
And Steve the guidance is actually 25%...so if no trading update id be happy with meeting market expectations given the nonsense. Again there is still time for an update. Also with the underlying factors Boo may very well have a defence as to why no trading update released. People get away with murder with the right legal team, nevermind this. I still think Boo have smahed it out the park, given success of sports direct, ted, superdry, jd etc online...these companies don't have the same setup as Boo online...they now investing 100s of Ms to catch up...make no mistake Boo with its £10/yr next day delivery etc they have smashed it!
@arudge good to confirm, but you do know boo bought this site just before the scandal broke or soon as it broke...
We don't need to prove to shorters whether Boo was genuine about a new factory or not, they simply planting doubt and panic so people sell.
https://www.google.co.uk/amp/s/www.business-live.co.uk/retail-consumer/details-emerge-new-boohoo-factory-18630785.amp
All im saying is, which most would agree is this...one does not invest £55k (healthy amount) in a stock with an average close to the current SP, looking for 10%...but only ever posting negative posts on that stock...doesn't add up.
Your stop loss would be useless if this gapped down heavily on the 30th according to your points.
You may well be genuine, idk, but either way your logic is off or simply your trading is off because risk:reward is not in your favour!
And no i don't want a cup of tea at your house to ID you, im merely stating the obvious.
@Gemini, as I said last night, constructive criticism is welcomed.
However reading through your post history for Boo, not the first time you mentioning views linked with shareprphts...they are well know paid derampers. And yes read every post you've made about BOO, all seem to be negative and skeptical to say the least. Does that really sound like someone with £55k invested?
You then say you only expecting 10% from here and have a high average, 280 to be precise.
So to clear this up, youve invested £55k for 10-15%...when the downside according to your posts could be a whole lot more...fishy indeed...fwiw your classic of a paid poster.