Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
They were at 14.15% this time last year, according to their 2021 report. Maybe we'll get some insight into their strategy in the next few days, if they publish the 2022 report to the same schedule. I'm wondering if they planned to reduce their holding by 50% as a round figure, rather than sell down to zero. If it's the latter, we could be near the end of the constant drip drip drip of algo selling...
25p seems to be pure guesswork.
I've had a chart running on this stock for a long time, and nothing on there shows 25p to be an inflection point. The tag of 29.8p this morning, and a bounce back into the 30s off of it, was a perfect fib retrace from the recent high, so if that is any indicator - we either go up from here, or the demand zone bottom support level is actually way below - 18.2p.
With that in mind, do we honestly think the upcoming PRS and it's expected uplift, halve the value of the stock? I think not.
For me, we're bottomed at this price.
I think that's priced in at this stage. A lot of issues are not with the airline either - border control in a lot of cases. I think the share price will be future looking now, and I'm seeing busy flights, and good demand to mitigate any compensation impact.
That 480p bid was a full short term fib retracement being hit, and now bouncing on some increased volume. Could be bottom in for a while. Press damage has been done for sure, but seems some shorts are closing at this technical level, so looks like it could turn. My view is that the business demand is strong - the market may look ahead of this temporary staffing issue and see the increased demand over the 2019 levels. Sub500p looks reasonably cheap to me on that basis.
I rarely comment on here, but it does amaze me how everyone lets their sentiment shift from positive, to negative, so quickly.
Today - the online retail sector as a whole has dropped, as a result of the changes to National Insurance, which reduces the amount of disposable income every working person has. It's not because Boohoo is a dog, it's a macro thing. This sentiment will change within a few days, and the SP will climb again.
Take advantage, or don't, it's up to you. But the sky is not falling in.
Couldn't agree more, that the measures put in place by the chancellor today, will help the average Boo shopper more than anyone else. It will certainly give some comfort to that generation, and help them return to spending.
Seems there's little logic in the SP movement over the past few days. Lithium prices soaring - ALL's board are doing all they can to ensure people are aware that the tragic loss of the CEO won't derail progress. What's going on? I've been topping up, but seemingly people are abandoning ship. Anybody got any context on why that would be? I honestly don't understand the sell off.
Yep - was about to say the same thing. The drop today is down to two simple things - sector in general reflecting the US inflation update, and Friday low volume. Next week it'll recover hard and fast as it has every week since the profits warning - bounce back up to the 8 ema or thereabouts before it thinks again which direction it wants to take. No need to worry when all business in the sector are doing the same thing.
Looks like a short target was hit, and they are unwinding again by buying back. Amazon results fear was probably the catalyst to drop it, but as these turned out well the market has realised online is still in a good place, and the shorts are closing.
Ive been buying heavily sub-£1. We haven't seen it often over the past few months, and the market likes the support here. Interest rates and the Meta/Facebook growth have spooked investors and caused it to fall to these levels today - those thing will be forgotten next week.