Member Info for BrokeNSmoke

I think the volumes are too low for that.

Pedro, can you stop fear mongering please? No one here writes rampy posts here to the extreme you post fear posts. There's no posts the equivalent of:

Last chance to get in before results,if you wish to be in then careful not to miss out....Take no notice of the troll bears and consider the huge wealth of IP, diversification into beauty, stabilising supply chains, USDC opening, inflationary pressures decreasing, SP at all time historic lows and solid liquidity metrics.....Please be don't miss this opportunity....Will this be much higher tomorrow...I think it stands a very good chance of being materially higher tomorrow....We shall soon see....

All the boards I frequent seem to have a lot of analysis and decent discussion going on (except BOO of course!) so ill take your word on that.

Yeah agreed, the influx of equity in the market over COVID makes sense, especially with the stimulus packages going on.

Wow ok, that's quite poor and shocking.

'I'm betting that figure is a lot lower now due to the 2022 stock correction and plenty of people getting burned.

Still shocking that so many people did no to little research’

Motley fool is the red top of financial journalism.'

Wolf - If the fool told me to buy id sell, and vice versa. I'm aware they have a vested interested. For a stat such as the below though, I cant see any reason not to take it at face value.

Huh, well I learned something people, according to Motley Fool back in 2021 the figure was around 70%.

I'm betting that figure is a lot lower now due to the 2022 stock correction and plenty of people getting burned.

Still shocking that so many people did no to little research

'I wish more holders would think through these questions and not be so frightened of them.'

PP - I think most investors here do look at the figures and metrics? Does anyone really blind invest?

'Well, we shall see tomorrow. The last few years have been an undeniable failure in terms of business forecasting, cost control and communications.'

That could be said for a ton of businesses caught in the post-pandemic economic fallout I think.

'What would the results need to be for you to re-assess your view of Boohoo?'

PP - For me it would be any warning signs on the liquidity.

Hex

Largely I agree with you, with the exception that the market is still in a bit of a fettle right now, and we seem to be in the weird position where even triple beats can end up getting some SP suppression.

I hope I am wrong, but I think people are being too optimistic here.

No worries.

So from this bit of news, is it fair to deduce that II's are confident in this stock and it is the private investors panic selling out of the position?

I don't think so, they are different companies:

The Capital Group Companies, Inc.

Patient Capital Management, LLC

So 2 II's have gone to 5% recently and basically no observable short selling activity of late. Fairly positive signs.

PP - Not telling you how to invest here, just be careful being so undiversified as you are re your 4 shares only.

Crow - I agree on waiting until results to buy but on your BOO threats see the below.

Within - Its honestly not to my taste, but looking at the demographic at which it serves, it appears to quite popular and appealing.

Without - Some are very price sensitive and will have completely gone over to Shein, it is inevitable, but, if price was the only factor then ASOS wouldn't exist today. Such a thing as market differentiation exists....

Also you have only considered have the equation by only considering threats and not opportunites.

'Question is, when did they first mention it? Only after revenues began to decrease, and not before. This makes it more of an ad-hoc explanation ‐ perhaps an excuse - than the planned effect, caused by enacting some new plan.'

This is somewhat true, but also unfair as what else could they have done after the fact? Would you have preferred them not to react to the changing economic landscape. Its true that their business model was disrupted, but even if its reactive, we all wanted them to shift focus to profitability

'For contrariness to really rebut the market view, you'd need to have thought hard, asked very searching questions, and then found solid answers for why the market is wrong. But there's no evidence here of anyone having done that.'

I'm not so sure about this. The market is so short term focused at the moment where I think good businesses have been beaten down due to transitory headwinds and pressures. Surely if you are planning to go long on a business that has had disruption in its business model then you are not trying to outwit the market, but trying to see past the short term doom and gloom to the future potential of said business.

Ah thankyou, I thought you were saying it is cash generative now and i was confused.

Agreed - It will be cash generative in H2 2024 baring any major disasters.

JC - Re the cash generative statement. Apologies if I am misunderstanding here, but I thought that currently the companies FCF was negative?

Crucified is pretty much correct. I am surprised at the lack of shorting activity, Id of expecting the hedge funds to be all over this one but instead we got a 5% II buy just before the interims. Did the results just blindside them all or something?

'were too optimistic with the initial guidance in the first place'

This equates to poor forecasting. Nobody wants a forecast/budget that fails to deliver as it calls the whole plan into question, and having to downgrade it multiple times is just a bad look.

I'm not calling into questions S4s transparency, as I agree I think they are very transparent and honest, and one of the reasons I'm still holding here.

PDS - I don't want to be doom and gloom here but I think your jumping the bandwagon mate. There's unlikely to be any meaningful gain until there is some sight of improved macro conditions. I am expecting a bit of a sideways update for BOO come next week.

The good news imo is that it looks like the shorts may have called it wrong on ASOS since they appeared to be increasing their positions pre-update, likely banking on the poor economic conditions and poor seasonal weather. That investors seems to be holding firm is at least a positive sign considering all the volatility over the last few years.

Like many people have said here previously, patience is required here.

2026 if you believe the analysts at Panmure Gordon, which was what they stated back in January and have since said they have seen costs stabilise and Boohoo become a good investment prospect again...

Personally, I take figures that analysts give with a huge helping of salt, but come on Moneysponge, try not to cherry pick the news that suit your narrative please.

Could you please explain why 22p is the technical target?