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I’m inclined to agree that at these levels travel stocks are tempting to buy and not look for a year and you’d hopefully make some tidy profit but... everyone keeps saying and assuming next year will be either significantly better or completely normal, when that pivots entirely on there being a vaccine or the virus fizzling out.
Both of which are definitely not guaranteed to happen.
Hi all, just wondering if anyone has any concerns like I do about an online tax being introduced. Everyone knows the high street is being hammered at the minute and Covid has just sped up its decline. Every day the calls are getting louder for the government to “level the playing field” by introducing taxes for online and I’m not convinced it’s something they wouldn’t do.
This would be bad for BOO at least initially, as it either means margins decline or prices go up making their products less appealing.
Hi all, don’t have any holdings here but have in the past. My question is has anyone thought seriously about how they are going to pay their debt down after this is over (if it’s ever over). Market screener have their debt predicted as 4.7B at the end of this financial year. That’s a huge amount compared to the approx 1B last year.
I’ve seen some comments about a rights issue, is this definitely happening?
Just look at kingfisher today to see how SP’s are reacting to confirmation of what the market already thought.
I really don’t think anyone will have seen sales like Boo will have this year. It’s going to be like having your cake and eating it... online explosion due to all high street shops being shut then massive sales when people want a new outfit now we’re allowed out and about!
There's no way any of this is going to have any long term effects on BOOHOO, if there was something critically wrong the visits by the enforcement bodies would have resulted in fines/closures instantly. As it is nothing has come of it, BOO have done the right thing and instantly stopped working with anyone they think is in the wrong and are having a full independent inquiry carried out. Now i don't know about any of you but if i thought i had even the tiniest thing to hide i wouldn't invite it to be found out in an inquiry.
Cheap and cheerful clothes, brought online and on trend will always win out. The vast majority of the people that shop with BOO don't even read the BBC news let alone the guardian or FT so the impact from "bad publicity" will be very small. People just want fashionable clothes at low prices. As they say money talks and bull**** takes the bus.
Covid has accelerated the growth of this company by probably 3-5 years and has brought the death of the high street forward by the same amount.
There's no way this will harm Boohoo long term. Perfectly possible it'll drop further or it might bounce back 50% in a day before you know it. I am fairly young and everyone I know that uses the brand isn't going to stop because of this myself included. Of course they should get to the bottom of this and put in place any new measures needed even if it does result in less profit. Because at the end of the day it wont matter, online shopping has exploded because of Covid with pre-lockdown high street footfall never likely to get back to what it was. Couple that with plenty of cash for expansion/takeovers to increase revenues/profits over time, and millions of young people that have not been allowed out to clubs/parties making up for lost time and the results will speak for themselves within no time.
AIMO obvs.
Love Island being cancelled is not good news. I mean obviously everyone thought it would be but the confirmation seems to have had an impact. Love it or hate it shows like that are about the only reason for anyone under 35 to switch of Netflix and watch terrestrial channels.
I got stopped out at 72 this morning unfortunately, hoping to get back in though eventually. Just hoping this isn't a drop into bad results this week.
Very interesting, makes you wonder whether a leak about this news was what raised the SP early yesterday after the initial fall.
Granted it fell back to the same level through the day but like they say no smoke without fire. The media always seem to know whats happening long before us lot!
Just dipped a toe in here in the hope of a good set of results on Wednesday. All the major tesco stores and expresses near us are very busy. I think the biggest impact wont necessarily be the panic buying pasta and such it will be the fact that for the foreseeable future all restaurants are shut, along with nearly everyone working from home so having to make their own lunch with things from the supermarkets.
Obviously this could be completely wrong but we'll have to wait and see. I'll be interested to see if they mention anything about selling the Asian businesses too, and the take up of clubcard plus. I know a few people that have gone in for that already.
All the best, what do you guys think?
This will undoubtedly get very tempting if it keeps dropping but what on earth will their debt look like once this is over. People will certainly go back to having their yearly holidays but will essentially a whole year of virtually no booking finish them off? One thing you can be sure of is the banks/hotel owners/plane leasers aren't going to say not to worry about what Tui owe them this year. And that's without taking into account the hit from the grounded 737 MAX fleet.
Thinking of dipping a toe in here but with Palladium going off the charts how is this going to impact costs. They mentioned it at half year results and its gone up a lot from then. I would guess that is the reason for recent weakness? Any thoughts guys?
Yeah that's fine, but its going to go to 100p based on.... what exactly?
Yeah 270M operating profit - was only going to be 15.1M net profit that the company got to keep even before this latest downgrade.
Hi all, used to be a holder of TCG a while ago and am really tempted to take a small stake here after todays drop. However to all people saying what a bargain it is I'm not so sure, even after the fall... a divi of around 1%... EBIT back to levels not seen since 2015... P/E still too high for it to be a bargain... exchange rate not in our favour... always playing 2nd fiddle to TUI... and brexit will have an impact on people going on holiday whether you like it or not, even if its only a blip.
Like I say I really want an excuse to get in here but makes me wonder if its more of a gamble than an investment.