The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
All media focus always on the negatives and doing their best to attack a founded British company. People need to remember it’s not boohoos responsibility to ensure suppliers are doing no wrongdoing - fair enough supplier audits are required but bear in mind boohoo use over 100 suppliers ! So naive for media and politicians to hold boo accountable.
Lastly which is positive news which will never be published but Umar Kamani helping with funding for trees and charity funding in Africa ( see @chakazulu Instagram page for details). Guarantee that wouldn’t be published anywhere
My good friend Steve who seems to be one of few people with intelligence on this forum.....
What you think going on with the SP? MMS playing games before Thursday ? Or just general bad day similar to ASOS today
All wheels - I did the same with a top up the day before results ..... have started to learn with growth stocks results above expectations don’t seem to matter as over performance always seems to be priced in regardless how well the overperformance was
Agree - very unsure what the rolls Royce hype all about , that’s a drop waiting to happen ...... I see no fundamentals or activity which suggests anything to merit such rebound despite it being a 1/5 of pre covid level
Steve ;
I know I get a similar feeling recently when I see boo blue , I just hope mid day not to many traders selling as typically this has tended to happen and mms take advantage and take their chance and drop the price steep ...... I think 345-350 il be happy with by close
Hey Arnold:
I tell you why everyone sold at results day - it hit 400 and most people invested in boo at the time had been from the days of 200 a few months ago - only logical with most investors at least with 40%- 100% gains there was a sell off - then when SP was dropping quick pi’a start to panic and everyone sells to lock in their profits.
Next week ASOS release full year financials I believe and usually boohoo sp heavily correlated to ASOS share price. Last time round ASOS results led to their sp going up but at same time all other fast fashion stocks
Hold confidence people bloody hell are we not remembering them financials ! What retailer do you know that have performed as well as boohoo over the last few years, improved margins, improved revenue, huge cash reserves ! And going into Christmas this is going to blow expectations through the roof - this has moved so quick from 200p over the last two months so naturally going up to 400p huge sales were going to take place. Negative news has no substance; newspapers have literally nothing to talk about and had there been a problem boohoo would have been in deep trouble by now given this happened months ago , hold this boy and just be patient over the next few weeks and months
This stock usually underperforms ASOS movement nonetheless it does usually follow trend. ASOS financials next week and expect bump in SP which again will fair well for BOO. Of course the negative news is sinking the share price but this is all regurgitated articles - realistically fall in SP is caused by the day traders getting in and out as well as many people selling off as majority of shareholders have owned since the 200 days. I expect this to hover around 325-350 mark but next week should be interesting......
okay so I have average of 337 and similar to most people on this board very annoying about the recent SP especially given results. However I do think it’s important to remember come January and with Christmas results this stock on a fundamental basis should soar again and no doubt in the weeks leading up to jan will go ^. It’s frustrating this stock has not moved similar in trend to ASOS but I do think it’s the overhang this ethical trading issues as well as none of the big boys want to top up this stock anymore -I don’t think we can expect huge drops in the market as boo have come out and addressed the problems, the only risk left is high profile resignations but that actually naively may benefit the SP