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The UK housing market is a distorted mess anyway. A crash is probably what's needed to restore more sensible sustainable prices. Let people on normal wages buy something more than a shoebox. Bring on 7% and more!
I don't know if it's the same source as Gaz, but there was an FT article (28 June) about Boo's poor performance . It said they're expected to lose money through to 2025, whilst trying to increase US business.
Lex columns in the FT are good sources and worth taking notice of.
That's the problem - there really isn't a moat or a valuable brand. It's cheap, transient fashion delivered as quickly as possible that people want. That has a low barrier to entry, with lots of retailers easily able to provide the same.
'US DC will be a complete white elephant!'
That really is looking a possibility with US revenues already going sharply the wrong way. They make a lot of saying capacity will soon be built up to £4bn for sales, but it could be moot if they never get sales anywhere near that. All that capacity is looking like it could be excessive and be one big sunk cost.
Dc2007 were knocking boohoo for buying shares in what they called a "failed business"
Now the failed business is the best thing since sliced bread yet no mention of boohoo doing well on the said investment...
Not even misrepresentation there coasty - that's entirely made up. Just the sorta statement to get the board copper standing on the report button and yapping about libel!
Never claimed RevB is the 'best thing', and not changed my opinion that Boo shouldn't have bought in. Boo should get their own house in order before evening thinking of dabbling in risky investments.
'Volume was never higher on average here through the last few months of 2021 and the majority of 2022, whilst the sp tanked.'
So that'd be a sell off, or when holders are wanting rid of it. But if demand is weak, they're forced to accept a lower price, and the SP slides; still goes with higher volumes & no wacky conspiracies needed.
A SP that's down 90% over a couple of years is probably saying how little demand there is for it, more than anything else.
The article will have high readership. Make a case that the situation so far has been reputation-enhancing, then there might be something to discuss. Otherwise, it's so obviously detrimental -- it's similar to the way one might observe that water is indeed wet.
20s or less if it drags on.
Had a look at the RevB RNS and it's a scorcher! Their analysis of Boo is unflinching and accurate. Boo have got into a dire mess here and it's all of their own creation. Those in glass houses...
I think they should exit RevB and cut any ties sharpish in an attempt to prevent further value erosion for their owners. If this debacle drags on, the Boo SP sinking into the 20s has got to be odds on. It could even make the teens.
BoD are just doing a dreadful job in every area of corporate activity. Yet they're still pocketing the multi-million pound remuneration for it.
They should sell the Rev stake and book the profit, instead of getting drawn into a tussle. The core business isn't doing well enough at all to justify a boardroom battle. If they pursue it - and keep releasing litigious RNSs - they're only going to erode even more shareholder value here. This might well mean hello to the 20s.
"I'm more interested in long term trends as I'm a long term investor."
I'd have to question their ability to identify these.
The same investor in 2020 said there'd be Boo dividends in 2023. They said the SP would probably not go below 150p; would almost certainly never go below 100p; and that it was flat impossible for it to go below 50p.
Boo should be sticking to their knitting, instead of involving themselves in a saga with RevB. The energy soaked up by this should be concentrated on reversing their own rapidly sinking revenues and non-existent earnings.
I was holding with XO since before the invasion and they would still let me purchase as of Friday.
DC why is this sort of insinuation fine? Tsk, answering a question with a question! Butting in to someone else's discussion and ripping things out of all context.
You just want someone to argue with more than anything Little tradey boy. Yep, your argumentative for it's own sake, more than anything I'd say. Perhaps a legacy from when you 'worked the doors'...as if! But your comments do display narcissistic, megalomaniac and psychopathic qualities. I'd not really say there's any insinuation there.
I could drag up countless examples if I could be bothered, but I absolutely don't care about corroborating something which is prima facie. And you'd simply deny them all anyway and trot out all the ad-hoc excuses in the world to save the ago and self-delusions.
Hypocrit[e] takes an 'e', by the way - you misspell it again and again. You're welcome, and have a lovely evening.