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I don't think it's Boohoo (non) news that is causing the drop though. Its to do with the inflation concerns. Once we know that the increase in inflation (particularly evident in manufacturing costs at the moment) is temporary post-pandemic, then Boohoo will rebound. Unless of course it isn't temporary, which would be on-going bad news for Boohoo and similar businesses
Well, he's probably paid by number of 'clicks' so my advice, Kindness, is don't read it and don't share it! For those that don't want to read it let me tell you the gist of the article is Boohoo are looking good but that the share price could go down, or up. Fantastic insight.
This morning has been a microcosm of the whole year... Up down up down, end up where you started. I have a feeling there has to be a break out soon. Current share price just does not reflect the current profitability and future growth potential. Any billionaires reading this?.. Get on board now and have more billions in a year!
I hope the stress of holding Boohoo pays off one day. I'm on constant tenterhooks waiting for the basis of Marshall Wace's short to be known. Something to do with Boohoo themselves, or maybe inflation or the economy as a whole? Who knows? Interestingly, or not, the son of near-billionaire Marshall plays guitar for bland Mumford & Sons - so be sure to boycott their music at any given opportunity! :)
At 7am, to save me from disappointment can someone quickly point out whatever minor thing that will explain the inevitable 7% drop :) I'm sick of looking at results thinking they look great, and then wondering why the hell the price has gone down...
In the run-up to Christmas I don't think we will be able to comprehend the level of bombardment of targeted advertising on Facebook, towards over 60s - being able to do all their Christmas shopping online in one go! All those terrible jumpers, socks, and bubble bath boxsets that they love to buy their poor unsuspecting family members, conveniently in one easy online order! :) I think Debenhams will prove to be a bargain acquisition for Boohoo.
I don't know about the women's stores they might be picking up, but I feel that Burton has a bit of a naff image, but has potential if it's relaunched as a heritage-type brand with good quality and classic styling. It's been going since the early 1900's so there's a hell of a back catalogue to re-work if they want to.
Just think for a moment how susceptible the older generation is to things they see on Facebook. Imagine the run in to next Christmas when they're bombarded with adverts for Christmas jumpers and smellys for all the family at the touch of a button! This is a great move for capturing a whole new demographic!
If you look at the chart for the last hour, it's gone up by 1.5%. Woohoo! Seriously though, try and ignore the minute-by-minute fluctuations of day trading. If, like me, you think Boohoo is going to continue to grow, globally, then stories like Rishi's harebrained ideas and Daily Mail articles will become marginalised as it's income increasingly comes from overseas markets. Buy low, try and forget about them, check again in April.
Just in case anyone is in the same boat, I have a question....
Without being able to sell the shares for Intu that show in my trading account, I would at least like to be able to use the capital loss to offset capital gains (to stay below the tax threshold for 2020/21). Does anyone have any idea if you can write-off the full value when you haven't sold them, with no way to sell them, and still showing in my account (with a value of about 1.8p each)?
Webba, yes of course the fish thing is minor and will not be the thing preventing a deal, but my original point was that this government's priorities are not British businesses - hence the devalued pound, exodus of business and capital, regardless of if we get this slim Hard Brexit deal or No Deal. I was just saying that Brexit negotiations will have zero impact on Kamani's meeting with the Govt on Wednesday.
Well hooray for the abstract concept "Britain". (With some bonus 'whataboutism' about Corbyn) Unfortunately he's shafting the people that live in Britain. Even the fishermen are going to lose easy access to their biggest market - unless we switch to eating fish 3 times a day? If there is a "no deal" then there will still need to be a deal got at some point in the future, unless the plan is to stay on WTO terms with our closest/largest market and Europe's stance is unlikely to soften. If anything I could imagine it hardening.
If Boris "F**K BUSINESS" Johnson had any respect for British multi-national businesses we wouldn't be anywhere near a situation of being between Hard Brexit or No Deal, so I don't think Brexit will have much bearing on Wednesday (other than filling the newspapers and keeping Boohoo out of the news!)
If you're wondering why there's a drop - look at the GBP:USD or GBP:EUR exchange rates. Clearly doubt that a Brexit agreement will be reached. Impacts cost of materials/products bought from outside the UK. (I'm almost glad that it's not due to Boohoo bad news this time!)