Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
I am similar to you wyndrum. The most important thing to me is a perceived target to go after - for example new highs for Boohoo around the 430p mark once the supply chain malpractice issues fade away and the fundamentals take precedence. Whatever the sp at the time of a reversal they'll be investors jumping in all the way up to that mental target and potentially beyond...
I've sold cheap clothes to the american market before via dropshopping and it's amazing just how american girls are pulled in by the sort of appeal boohoo has - the sexy girls, the skimpy clothes. I personally don't even think the demographic will be working class, it will be spoilt daddy's girls splashing out on high volume orders on daddy's card. At ten quid an item they can buy ten a go and just wear them once if they want and throw them on the scrapheap after.
The growing sales in america are not going to slow down...
Besides some sort of government intervention, boohoo is just going to pick up the high street brands on the cheap and move them online - that is blindingly obvious.
Was your friend talking about boohoo? Or Boohoo & Pretty Little Thing? Or Boohoo & Pretty Little Thing & Nasty Gal? Or Boohoo & Pretty Little Thing & Nasty Gal & Karen Millen? I could go on...
Apologies for the slightly negative title - not meant that way... I'm currently working hard to convince myself that the market is being highly irrational and that this is the best opportunity out there. I've held from £3 on the downturn and all the way back up to here so I'm aware that we all got it right whilst the pessimists, shorters and derampers didn't. I wouldn't be worried at all if I didn't have such a large percentage of my portfolio in here but at the same time I can't help but think this is an opportunity of a lifetime.
The company have delivered so much in such a short timeframe, have built an amazing distribution network so quickly, have produced new product after new product and delivered on every deadline. How.on.earth.does.the.wider.market.not.see.it.already? Do they have to have it well and truly spelt out for them?! It really does confuse me but I know I have to tune all that out and focus on the reality and wait for the dimwits to catchup eventually!
When you look at the amazing contract news yesterday and the antibody announcement and the relatively muted response, you've got to wonder if we're reaching a ceiling (for the time being). Whether we end up with £100m profit year end, £150m or even £250m, the market is likely to continue to ask the question - so where's the revenue coming post-covid? Do you agree?
I hypothesise this not as a deramp, but as a warning to short-termers hoping to double there money in a week and get out. The company will get the chance over the next twelve months to show what the future looks like and where they'll be say three years from now. If you believe that the amazing work the company have done this year can be mirrored across the wider diagnostics market, and they pull it off, then this company in a few years time will be worth many billion pounds.
It's rubbish to be honest. I for one was definitely wrong about the market reaction today but this confirmed that lockdowns and the current environment is doing boohoo a massive favour and the christmas results are likely to be even better.
Let's not forget there is an opportunity cost to holding shares, and that's what you can make elsewhere. Most on here are LTHs but in these crazy volatile markets it is tempting to drop in and out and gamble on timings.