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Boo is worth a min of £4.00 + and ASOS min £55 + , a lot of upside potential for these 2 now.
Boo is worth a min of £4.00 and ASOS min £55, a lot of upside potential for these 2 now.
Sold all my JD Shares to buy more of these as I think at the price its a bargain and will keep buying more if the prices goes any lower, but somehow I doubt that very much. I think the price is going to bounce next week as there have been some huge buy in lately. I think this will jump on opening on Monday.
Glad to see Boo have cleaned up their act, they have some great brands, and their penetration into global markets is looking better than ever! Fantastic performance in sales, and it seems from recent data that footfall is still down by 30% on the high street compared to same time in 2019, despite most restrictions being lifted which fits within predictions of shopping habits moving online will be accelerated by recent events. Add into the equation that employment will be better than expected, less job losses and a big boost in our economy, then things are looking rather Rosie for these online giants.
Boo and Asos have a great future ahead of them, they are between them the new (ONLINE) high street. I think we can safely safe that most of the high street is online now. Boo and Asos can move into the high street whenever they like, if they felt it would be beneficial, (which I very much doubt now) and they would be a force to be reckoned with including big name fashion labels behind them that have had a high street presence for decades.
I am very happy to invest heavy into these organisations and wait it out, and am looking forward to hearing about their next lot of acquisitions, they both have pots of cash and are waiting to invest it. Both are great at breathing fresh life into the brands recently acquired and growing them to new heights, and this is not to mention all the others lines they could bring into the offering within their vast customer base.
Seeing so much investment going into companies with huge debt piles, taking years for them to break even, if at all. and there are no shortage of investors in these companies hoping they will bounce back. The reality is most businesses have now realised how much they can save using Zoom as supposed to using air travel, not only this, the pressure on our climate for us to change our ways will have a major impact on air travel too and the further economy.
The likes of Zoom and Microsoft Teams allow us to have meetings without adding to the carbon footprint and clogging up roads, most of us have lived like this for some time now and our lives have becomming accustomed to a new way of living and many people feel it's so much better.
With this said, I also feel the retail sector will have to change, retails outlets means unnecessary energy usage, as supposed to online distribution depots, where floor space is consolidated and designed to be energy efficient. No more paying extortionate fee's for car parking to the council and spending your precious time looking for a space.
I really do not see much future for high street retail, it is dying, and the pandemic accelerated this. I used to shop quite a lot, however after nearly 2yrs of shopping at home I am quite used to it now and have absolutely no desire to visit the town centre ever gain. I am not sure how other people feel, but I believe the increase in footfall will be short lived.
My only desire is to visit the coffee shops, and quirky little independent shops, and a restaurant or pub every now and then.
I feel ASOS, Amazon, Boohoo are perfectly positioned to facilitate the new world, and they are getting better at it too. I can see why investors are going into this heavy. Long term these companies offer a completely new style of retail, and have built up considerable wealth o the process along with some shrewd investment along the way. I can see Crypto and the Online world being our future, so we are able to spend more time with our loved ones, families and hobbies.
Says it all... ASOS way undervalued at the moment, and not long until everyone else realises it.....
£45 my *ss
OMG... If I could buy this at £45, that would be wonderful! I wish it would go to that price, I would without doubt fill my boots and then some....
I really don't mind about the drops now, as I keep buying more, I see great value here, I love the brands, I love the company, and if they ever did go to the hight street, that would be awesome!
To be honest the way they are printing money at the mo, I would rather have it invested than in the bank, and on top of that, would rather be invested in a company thats cash rich a nd covid proof.
Really looking forward to their next acquisition, i'm almost shaking with excitement. Im sorry there are not many other shares that Im this positive on except for green energy, 3d printing and DNA medical research.
How anyone thinks this would ever reach £45 again after acquiring Top Shop needs help.
The company is so well managed, and is one of the largest global online fashion retailers .
Most youngsters I have spoken to, all rate ASOS as being the best and the most popular place, when I ask them about Boo, they say it's ok, cheap, but the quality is bad, and that is also my experience shopping with both retailers.
Asos also have great partnerships with other brands, and with their reputation is clean, unlike other companies I can mention, they will have no issues in featuring other high profiles brands if they so wish.
On top of this they Market Place is great, and this will grow, similar to Amazon.
I cannot see many other companies that has this type of potential, apart from AI, and other new high tec's that are going to reshape the world and transform our future.
I also think the Bond Issue was an ACE move, I mean this company knows how to deal.... and getting a loan at 0.75, I am confident to have my money invested with these guys.
Jd Sports have been on a spending spree, and not really affected their share price, has been going up steadily and they have a lot more at risk.
Asos are steady with their acquisitions and I think they are cautious, which is absolutely right in the present situation, there is a lot of speculation in the market at the moment. One whiff of Covid issue again, ASOS will be solid.... where most other companies are sinking in debt and on a knifes edge of bankruptcy.
Asos will pick up some bargains when the time is right.... They already bagged a winner... they don't don't buy red herrings.... I love their business model, and since sold out of all my boohoo, as I don't like all the mistakes they keep making.
Not surprised if this was a dump by Institutions to increase their position and shake out a load retail investors.... Always happens when you get great results like this..... how the sheep fall for it every time..... We will see how fast this jumps again soon :)
Asos is going from strength to strength, it has been pushed much further ahead with covid 19, and will only get stronger from here. It is one of the worlds largest retailers, and it has big plans for the future and now has a strong foothold in the USA. The only reason this share is down is because of the re-opening of stores, but it will be short lived... as it will be a novelty that soon wears off as people are used to buying online now and love the convenience. Buy in while you can! £45 would be a dreamers entry price.... and I will certainly buy al load more of it goes anyway near there, but common sense tells me it is more likely to go to £60 than £45 in then near future.
Bottom line, this share can only rise with institutional investors, and the will never happen while they keep getting involved in these types of practices. Yes other companies may sell the same clothes under different brand labels, but not in this way, it's like get rid of them at any cost regardless of what damage that could do to brand reputation. I'm sorry but I see they at as a very short sighted view, and not a view of company that want to build upon the brand, but rather rinse it for all its worth and discard it.
What people need to remember about fashion labels, it underpins the quality, fabrics and cuts of those garments and its core audience, when you start intermingling them, you lose the confidence of customers loyalty to that brand that has taken years to win. Boohoo are walking a tightrope here, you can't dress up mutton and sell it as lamb, sooner or later someone will realise and the game is up.!
I have alway been bullish on Boohoo, but when it comes to duping customers, thats a whole new level... Ratner springs to mind.... one sentenced ruined that business, and the business is its customer! period! this could have a detrimental impact on Boohoo and its brands! Customers don't take kindly to the thought of being ripped off! And to cross brands out with markers and cut labels is just beyond belief for a PLC company. Are they ever going to shed their market trader roots, it may work in someways but others they should really leave them behind.
I wouldn't say a purchase in July 2020 @2.26, as a sign of continued confidence in my opinion.
The only time I have seen directors buy in, is when the share price tanks sub £2.50, says it all.
I think the difference here, and to other brands that do it like others have said, is this is deliberate, this item was a Dorothy Perkins branded coat being sold on Oasis for a premium with the DP label being cut out of it! . If I was an Oasis customer I would feel duped and that would be enough to put me off from buying from them.
I personally don't think the low pay workers was a big deal for many boohoo customers as most people know that a lot of sports brands and others use china for their products.
However in this situation, people will feel ripped off, whatever way you put it.... if this blows up it will affect sales. Not only this the BBC is running a Poll asking others to report these occurrences so I don't think this is going to be the end.
I feel that some institutional investors may start to feel uneasy about hidden skeletons Boo has in the closet.... waiting to come out...
Always been a Boohoo and ASOS supporter, but for me this is the final straw, I am starting to feel they are a dodgy business.... are we also waiting to hear about case in the USA against re pricing.
Cutting the brand off the label tells me they knew what they were doing.
https://www.bbc.co.uk/news/business-56506859
The results are going to be crazy this time round during such a long lock down with the high street pretty much closed. Also new outfits will be purchased in anticipation of the easing of lockdown as people prepare to live again, so many more lines will be sold during this period.
I think online retailers will be taking full advantage at this time and quite possibly why media and social campaigns have been ramped up lately.
The high street has been decimated, and I suspect it will get worse, before it gets better, this if any may be an ideal time for online retailers to enter high street retail if they feel the desire too. However I do not see this happening for some time yet, they are in position to wait it out.
Both Boohoo and Asos would bring excellent propositions to the hight street, considering there is little left of fashion, and these two are the new leaders in fashion retail nowadays.
Will be interesting to how this all pans out, the hight street in is dire straights at the moment, so we will have to wait and se how the landscape looks in time.