Member Info for donotpanic

Still cheap to get in... 250 about to be broken... we may get little shake if profit takers come in but want last long and then BLUEEEEEEEEEE

START OF RECOVERY PLAY IN ACTION NOW... FOOLS WITH THEIR MONEY MAY HAVE PANICKED...Ignore evry one here as remember it is your MONEY AND YOUR CHOICE

https://www.bloomberg.com/news/articles/2020-10-19/boohoo-seeks-new-auditor-to-replace-pwc-amid-labor-issues

https://www.fool.co.uk/investing/2020/10/20/the-boohoo-share-price-just-fell-20-is-it-the-perfect-time-to-buy/

I wont be surprised Auditors may stay just need to increase their cost...

Yep when ASOS was down lot use to do same... beat them when down... When bounce will come ALL these negative will be gone... For me done good as got cheap shares...

Does it matter for long term investors?
In a word, no. Boohoo is fundamentally strong and thriving, in my opinion. It continues to grow its earnings and market share. Its online business model drives market-leading profit margins. Its expansion of brands drives earnings growth. With an entrepreneurial foundation, it manages to stay ambitious.

Long-term investors have much to look forward to from this popular online clothes retailer. With a price-to-earnings ratio of 33 and earnings growth of 36%, it does not look particularly expensive. I also like that it has a return on capital of 27% and net cash on its balance sheet.

I reckon this business could be significantly larger in the coming years, and I wouldn’t be surprised to see the Boohoo share price above 400p in 2021. The concerns that caused share price volatility this year could all be viewed as noise if you take a long-term view.

So, would I buy more shares now on the recent share price weakness? My current thoughts are, not yet. I am somewhat concerned about the details surrounding the auditor and would rather wait for further clarity. I won’t be selling my shares either. I hold a relatively small amount of Boohoo shares, and will likely keep them as the long-term investment I initially bought them for.

We get new auditor and then directors buys ... that will steady the ship..

Cheaper you buy bigger the profits... We should get some sort RNS today...

Expect a blue day today... I traded this yesterday to bring my price down... bought in again... Longtermers got nothing to worry about

MMS Rinsing before news ... Hold or buy this is good price...

Think push will come from here again and back above 32-33...

https://www.proactiveinvestors.com/companies/news/213971/eurasia-mining-rockets-higher-as-company-hoists--for-sale--sign-213971.html

Lot buys again showing Red...

As expected buyers are now showing in RED.. 32 are buys.. MMS are trying to shake before next leg up...

Been watching this drops around Mornings and then jumps back up... NOW ABOUT TO MOVE UP

Close above 300 I think...

Good price...This will be back above 300.. they will get new Auditor..

Google showing this wen to 370 as High today... May be when in Auction

Topped ... what happens when they get new Auditor???