Member Info for CaneToad

Added another 20k shares and started a new tranche for trading. Still plenty of dry powder to add another 20k if it drops to 100p - BRING IT ON!

When Amazon is priced at more than 4 times Boohoo, anybody that claims Boohoo is on a 'high P/E' is either an idiot or has an agenda.

The P/E that I quoted is the official 12m Forecast Rolling P/E from Stockopedia.

CLAIM: @Robsaunders: "Awful, awful update. Still on a high P/E"

FACT: Boohoo P/E: 13.1, Amazon: 66.3

Beware of people who have an agenda.

It's now clear to me that this info was leaked ages ago - that's the cause of the collapse over the past few months. I'lll still be buying at my previous point though, because Boohoo is currently priced for failure - NOT price growth.

Incredible turn-around in the US markets tonight. It's seeming like it's just the UK markets that are cra*. Nothign new there! The US markets seem to rally no matter what the news is. Good for miners I would think and maybe good for BTC; fingers crossed.

From what I see, Williamson mine made a negligible contribution of approx 1% to revenue for FY 2021.

For that reason, I'm unconcerned about the impact of a modest change in its ownership with the government. I think there is more to this than meets the eye. I don't think it's a coincidence that we've subsequently sold half of our remaining Williamson shareholding to Caspian (a wholly owned Tanzanian company...). My guess is that the Tanzanian government flexed it muscles. It was an offer we couldn't refuse...

In any case, I see it as the best way forward; Petra gets to sell the parcel of diamonds that was previously confiscated by the Tanzanian government and Petra will receive share sale proceeds from Caspian. This looks like the best compromise solution and Petra is now more focussed on the three South African mines: Cullinan, Finsch and Koffiefontein, which accounted for 99% of revenues.

This draws a another line under the Williamson fiasco and I think it's a good development.

(Disclaimer: I have shares in PDL. My analysis could be wrong. Do your own research)

Ignore anybody saying that Boohoo is overpriced - they have an agenda - to transfer money from your pocket into their own.

Money is most definitely leaving the market. Anybody that has other mid/small caps will have seen that the market peaked back in March-April and has been in decline ever since. The decline accelerated massively in the last month and is continuing to accelerate and has brought in most sectors.

All that aside, I'll be adding to my BOO position very significantly, at least 25k shares when I see peak panic/fear. BOO is a great company and it's now seriously in Value territory. Amazon is on P/E of 66.3, while BOO is at 13.3.

Geez, this trade is going to make a lot of money.

"Foreign investors now own 66% of UK-listed shares, up from 64% in 2019, according to analysis of the London market that shows a steep decline in domestic holdings by British shareholders.7 Jun 2021"

@Calamari - grow some kahoona's

Calamari: "US probably owns less than 50%, and certainly less than 66.7%"

Sir. I posted a statistic. If you had run the Google Search, you would have come across EXACTLY the statistic that I said. Instead, you quote a figure 10% different. Grow some kahoonas and acknowledge that you're wrong. You'll find that being right 100% of the time is not needed for investing/trading. You're an idiot and I've now filtered you.

- So Mr Calamari - is what I said BS?

@calamari: "2/3 of UK shares are held by US investors. Do you have any evidence for that? Sounds like BS to me."

I love how LSE people make insulting comments, whene they have no clue what they're talking about

Try the folllowing Google Search to satisfy yourself;

Search Term: "who owns UK shares"
Answer: "Foreign investors now own 66% of UK-listed shares, up from 64% in 2019, according to analysis of the London market that shows a steep decline in domestic holdings by British shareholders."

If you dig deeper (I cannot be bothered, as I know the answer, after working in The City for 20+ years), you will find that the vast majority are held by US investors.

Cheers!

2/3 of UK shares are held by US investors....... Personally, I don't think we're at the bottom. I could be wrong, but am hanging back.

Seriously, it's not just BOO now. There is mass selling throughout UK mid/small-caps. There could be some incredible bargains; it's going to be an amazing trading opportunity.

This is is freefall now, like large parts of the UK market. I might be inclined to gop short the index soon.

UK market has started to crash ahead of the US. Strange stuff now appearing everywhere, with even the gold miners down. Getting ready for impact.

Likewise. I'm not buying anything. Looks like we're crashing in slow motion. Everything looks to be getting much cheaper.

As a comparison, the forward P/E of Amazon is 66.3. Forward P/E of Boohoo is 13.3. And we have geniuses here saying that Boohoo is overpriced... Clearly those people have an agenda as do the shorters.

Forward P/E (12m Forecast Rolling) is now 13.3.
To my eye, it's cheap, even if growth is ZERO.
They have no debt/They're profitable/They're not going bust.
Nevertheless - the market has spoken and I'll review again at 130p before buying more.

Fundamentals look to have improved significanty over past 6m, while price action is same as always - total lunacy. I can't work out what moves this crazy share.