Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I've seen some exposure and concern from the younger generation, boohoo was trending on twitter today regarding the scandal but their overarching concern will blow over given time. The problem is that customers and sales alone don't drive the SP, it's supply and demand and MM's that ultimately decide the SP. Investor sentiment isn't just based on sales and revenue, it's also based on the press and reputation and that's what caused the nosedive in the SP recently. I'm long for BOO but don't underestimate damaging news, especially news that the press will have a field day with - especially in today's market of volatility!
@Charliescharm
Good average to have, slightly lower than mine. Make sure to do your own research and don't solely rely on comments on this BB to make your decision as its your money at the end of the day. Keep up with micro announcements from boo and any changes in the macro economy to make your mind up, GL
@halffull75
Yeah, that article insinuates that the BoD don't want the full investigation report published and would rather settle with providing 'updates'. It is concerning but hopefully the news can be circumvented substantially by good results. At least there's 2 months before that happens so there's enough time to manoeuvre your position if need be
@DarrenBuffer
Agreed. The wider equity markets are taking a hit, gold and silver up to the highest they've been! (Sold my fres stock too early ffs!) but personally I wouldn't be selling at all, this is a mid term hold for me at least with a few additional top ups if need be
@Jamie.McArthur
Yup, we should be expecting a good week concerning the micro announcements and reports from BOO. Only concern is the wider macro market and its volatility. The futures should give you an indication of how the market will open @ 8am tomorrow
Yeah for a week until it crashed again. It must've been a week of temporary market clarifications or hopefulness.
It dropped to 612 on the 2nd of April.
It is an attractive company but even at 900 the risk is too big for me. If we start talking a substantial drop into the 800s then that sounds a little more tempting. High risk/high reward at least for the short term. Ballsy if you go for it but i can see potential
@Inferno - great posts first of all, especially regarding the macro economic uncertainty of these current times. This is reflected by some hedge fund managers rotating out of offensive stocks and more into defensive stocks, particularly in the US. I agree, and am slowly making myself more liquid and jumping out of high risk/high reward stocks ready for an impending crash/correction.
I think BOO is set to weather the storm better than many other UK businesses due to its dominating online presence, good micro fundamentals and a BoD with deep pockets and long term goals.
There are some earnings RNS' coming out for many FTSE companies next week so it may be a good idea for one to keep their eyes peeled and powder liquid for any potential bargains.
Enjoy the weekend all
@knightrider123 - you shouldn't be getting charged on t212, its no commission and you only have to pay a stamp duty on every trade - no cost to hold.
As for today, BOO held up relatively well despite the negative markets. I am concerned for the wider equity market in general though. I feel a correction is due as the dow and s&p are almost at pre covid levels despite weak Chinese relations, heavily reduced economic activity from pre covid and the inevitable realisation that weaker business' that will not be able to recover profit losses and sustain debt levels. The market is grossly ignoring macro fundamentals and the US market in particular is running basically on economic steroids from the congress and the fed - all whilst covid remains rampant which certainly could lead to lockdowns again. Anyone have any opinion on the matter?
Anyone remember the DBX? Where’s that got to? Where’s the press? Is it being withheld to combat the RNS or will the news be released on the 1st of August to coincide with Moers joining the team. We’re in need of some good news
@lloydy
Possibly. Although Nasdaq and the technology sector was hit the most, the wider market did not fare as badly. I think we can expect wider falls for the dow as the dollar weakens with more additional stimulus on the way from congress and the fed, but hopefully the European markets won’t be too greatly affected.
@jongle
interesting view. Director buy ins were 216. I don't see us diving to that level again due to the sheer momentum of the stock at the moment. I wouldn't be surprised if we saw the MM's shake the tree a little more, potentially into the 240s, to allow the big boys to jump in again at a cheaper rate. Said to myself no more top ups, but will do if we hit 251 and anything into the 240s. The share seems more appealing every day hahaha. Friday could be quite a different beast as DT's and the shakier investors may not want to hold over the weekend. Potentially bargain time! GL all @ 8am
@ChrisEngland
@ChrisEngland - thank you for providing the intraday data and other external sources relating to BOO. I think the MM's are manipulating the SP and keeping it down since consistently higher volumes of buys vs sells combined with the very narrow spread (0.08), knowing that it's due a rise. What's your take on that?
@Pookookachu
You're clearly a troll, no doubt about it. But since you're so stubborn, you'll be rewarded with a response. Best close up those shorts buddy. I mean quickly. This 260 resistance will not be lasting long. Many people are becoming aware of the 1 way trip to profitsville. Either way, im set. If the MM's and day traders successfully scare off holders, ill be buying any significant dips, if not i'll relax and enjoy the ride.