The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Yes Mike29. The buy for 28868 was mine. That’s me done in all honesty. Got a large chunk now, let’s hope all these assay results and forthcoming news can get me a SP of £1.62 ;)
Boohoo, the online fashion retailer loved by stars of the reality TV show Love Island, fell out of favour after briefing shareholders and analysts on disruption from a major warehouse move of its sub-brand, Pretty Little Thing. The under-pressure retail sector has been subject to big share price fluctuations on minimal disturbances as investors try to work out who will be the winners and losers in this tough climate. Boohoo’s 12¼p tumble, some 6.7 per cent, to 171½p, was a case in point. The fashion group, which reported sales growth of more than 50 per cent in its most recent trading update, may have inadvertently hoisted the sale rail over its shares after investors turned cautious following a company call updating the market on its stock move to a giant warehouse in Sheffield. Peel Hunt said the brand “will have run down stock levels ahead of the move, reduced marketing activity and also cut back on next-day delivery options at times for non-premier customers”. It estimated a disruption impact and exceptional costs of between £7 million and £9 million. However, the broker said this was within previous guidance and issued a “buy” rating on the basis that there were not any major incidents caused by the relocation and Pretty Little Thing was now on track to rebuild its product volumes. “Warehouse moves are rarely without challenges, but Boohoo appears to have managed the transition of PLT over to Sheffield this summer without any major incident,” the analysts said.
I doubt he’d know about a director sell but he was right in his assessment it would hit 1.74. It opened up today 10p lower and no one knows why, no news no nothing. In the past month down nearly 36p or last 5 days down 19p, they aren’t small drops. Regardless of whether he knows something or not, there has to be a reason for the drop. I think we’d all agree about that?
Results a month away. Summer has been much warmer and longer than usual. Would’ve expected clothes sales to have done very well then, possibly even we’ll enough to upgrade FY results. Yet the share price is getting lower rather than building into a rise. It’s lost 13% in the last month. Absolute joke in all honesty!
I have a large holding here. And in the long term am sure the company will do well and SP will be higher than what it currently is. However there is shorts open on this currently and they have the upper hand as to where the SP goes and you can see that with the way going down for no real reason. Hopefully the trend will turn soon and especially before results as if results are much higher as most people expect due to weather hopefully we’ll get a nice bounce into mid £2s
it Is hard watching share price languish in the low 20s after only few weeks ago it was 50% higher. Hopefully it’ll start it’s climb back up soon. I just topped up another 50k shares.
I’m surprised that’s its back in the mid 180s after it held 200p for so long. However honestly with the way this share has behaved over the last year, wouldn’t be shocked if it fell lower. Results in less than 6 weeks and would hope the summer has helped sales and even lead to a upgrade, but whose to say that will boost SP. Been in and out of this stock since Dec 14 and at moment average on this trance is 230 and if and when we get there / close to I’m thinking I’ll be out for good.
2 years is a long time, especially if you’ve already been waiting 2 years 🙄🙄
@damo1176 In words it’s one third of a percent Thus wouldn’t it be 0.0038% in the context of shares in issue? The reason I put 0.38% is just so Phoenix100 knows its basically a third of a percent no matter how you look at it
I’m sorry Phoenix100 I did make a mistake. 4.3 million new shares issued is actually 0.38% of total shares in issue. So that’s just slightly more than one third of a percent. Not sure how that’s a huge dilution however you look at it. Wouldn’t even call it a small dilution to be fair.
4.3 million shares is less then 0.3% of total shares in issue. In the grand scheme of things it’s not huge dilution as you have said. Also the shares can’t be sold straight away, think they have to be held for a certain amount of time from my understanding
Just bought another 25,000 shares to trade with. Let's hope for a rise from tomorrow
Are we only expecting 'decent' numbers from Chad?