The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Agree with Sunset - I feel a dip is anything below 300.
I did mention this a few days ago but with the lack of institutions invested in BOO I just don’t think the volume and desire for BOO shares is enough to push the SP up.
What I do think though is once results are posted and I do feel these will blow forecasts out the water, but more importantly if they can address the current low wage supplier issue at hand and provide a clear response - I see this skyrocketing.
Brocksford
I think board need to come out and massively address the low pay supplier issue to get the greater market back on board. I don’t think anyone’s naive to think boohoo will not show good results because I expect these to be the best yet but in today’s society companies don’t like to be associated with anything unethical bla bla
Smudger
I agree - kind of wish JB would just sell the remaining all in one to rather than one a day so we can all get on with it. Think he may consider this on Monday as announcement this evening likely to lead to a blue Monday and then he sells the remaining big.
Of course stating the obvious but ASOS SP performance very aligned in trend to BOO - which is surprising given we are closing in on results day.
We all know these shares are undervalued and I believe results will highlight the huge growth in sales especially with US and worldwide marketing. My only concern is these shares are no longer being pumped by the institutions and therefore am worried PI volume will not be enough to get this up and running.....
The only interesting thing I’d say is the banks agreed extension of debt and from experience they are not naive to do so unless they were made comfortable with certain reassurances- this must have included the assurances of lending to start again soon as well as assurances and live updates on FCA investigation.