George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Hi Jongle - I did post earlier as I have long experience of updates and after an initial rise the share trend appeared to revert to the norm.
As a holder of over 50,000 shares I do of course want to see sustained rises and hope for dividend payments to start in a couple of years.
So I’m delighted with the 2 per cent rise but will wait to see what the share prices is at the end of the day and month
Solid results. Warning ahead of the target - I recall it was £461m and the groups has achieved &487m.
But so I’d not stellar so I expect a retrace. I’m holding unless the unexpected happens and the shares rise sharply …
Good luck all
Chris
Thanks for the link. I think it’s a pretty good analysis and shows the potential upside and downside issues.
For me, as a holder and just trading at the margins since 2015, my view is that if the results were going to be startling the share price would be at or north of £3.50. Yet as Moose points out is it struggling with maintaining £3.30.
So being something of a veteran in Boo reporting days I think there will be a small retrace by the end of the day. But I’m not confident enough to sell
Best of luck all fellow holders
Chris
No one knows whether the stock will reach £4.50 or not. Or if it will drop to £2.50.
One thing we do know is that this share is not rising as it usually does pre results. But that doesn’t mean it will rise or fall tomorrow. It could fall on stunning results or even rise on poor ones, although the latter is unlikely.
The fact is we need to wait until tomorrow for two things. First the results, and then the share price response. My recollection is that posters on here have Ben joyous about the results, and predicted big percentage gains in the share price, only to be disappointed at a drop.
My views anyway
It will be of internet to all of us how the Scottish ban on clock and collect except for ‘essential’ items might influence other home governments. I don’t think Scottish action on its own will but a wider restriction might ...
Well let’s see Kitty. I have been through a lot of updates, interims, results etc and not only don’t I know what’s going to happen, I don’t know what’s going to happen to the share price
I remember one set of results a couple of years ago that were stunning. Before the opening posters on this board and others were predicting the share price would go through the roof.
In the end it plunged as the percentage margin declined by a couple of points ....
So I’m making no predictions whatever
Chris
I am a long term holder - 2015 - and have traded only to consolidate losses and gains as the shares are held in my company
I am going to stay holding irrespective of the select committee today so I can speak without prejudice.
And my view is that the article was fair in respect of Kamani’s testimony, which was quite awful. Why Boo put him on for it when it could have been the Irish guys and the Mancunian woman is beyond me
His answer on performance measurement was truly dire and it didn’t even appear as though he understood there could be any measure but share price
If it was in the main market - and potentially top 100 - he’d be out. In the end the company is going to have to move away governance wise from being a family business to a proper listed company.
An article in the Guardian isn’t going to have any effect on the share price. I’d be surprised if even 1 per cent of the city takes any notice
Personal disclosure - I bought the guardian daily for over 35 years and stopped reading it three years ago due to its dire and negative reporting of the referendum - and I voted remain
CK
The delivery dates from foreign countries simply won't allow for the speed boohoo needs for test and repeat. We are talking days here. Even a supplier in a part of the UK more distant that Leicester would cause problems. T Leicester is right on the M1 / M6 link
There is a third risk - the supply costs to BooHoo as costs go up due to LW being paid by the Leicester factories. There test and replace model cannot be achieved with foreign factories that have a cheaper cost base
PP1. I can't see how my initial post could be construed as scaremongering. I was merely pointing out that I don't consider governance at BooHoo to be great - but as I think I wrote, they have bought in a high-performing CEO, for which I give them credit.
Re my original stake - I only recovered this through training at the end of my company's last financial year - the end of October. - when the share price was just over £3. So it's true that I have foregone a gain of about £4,000, but my reinvestment in Asos has done well and i'm about even i think.