Absolutely no chance this will recover to 500p within a year, covid potential to return over the winter period, mixed with Brexit in January and the recession fully kicking in. Recipe for disaster! I sold half of my holding at 275p the other week for break even and then a stop loss for 250 this morning for the remainder. It has only been bad news for RR since Covid, if anyone can think of positive reports please commet? I see this dropping to 175p within that next 6 months and at that price It is will be a bargain, I will be topping up again at 210 on the way down. Longer term 3-5 years this has serious potential to be back reaching 600-800p. IMO
I am unsure how you can speculate that 270-300p will be the range for the next few weeks. This share belongs at 350 upwards, with the recent purchase of 33.3% for the remainder of PLT, plus oasis and warehouse all this year. People have been forced into buying online more than ever. All these factors pushed the price to 400p + which the share price consistently stayed above.
The reason for the drop as we know was down to slavery accusations, which so far have been proven incorrect. The most important day of the year for boohoo is 30th of september when the half year results are presented along with the results from the slavery investigation. As expected boohoo, will smash expectations and this will push the share back to its original heights of 400p upwards, as per the target price of 600p in 2-3 years.
Anyone that understands this share will know it has a history of a strong recovery whenever the price takes a big hit. More so this time, because the reason for the decline has now been proven wrong.
If you are posting negative comments about the direction of this share it means 1 of 2 things; You've missed your opportunity for a bargain, which you now realise and you simply do not understand the boohoo stocks.
I have been watching these shares basically everyday since it floated and have never been more sure that this is heading to 400p.
So over the last week the price has risen essentially 30% and has now dropped 12% which is only natural due to investors taking a quick profit and I dont blame them. With the excellent stamp duty news released, short term this is only going one direction.. which is upwards towards pre lockdown recovery levels of 110p.
Take advantage of this temporary blip like I have done IMO
I have been watching this shares for many years and saw it reach the heights of 500p not too long ago. I invested into boohooo instead which performed just as well!
This will seem obvious, but the truth is consumer habits are migrating more than ever to online. Almost forcing the older generation to adapt as they are more 'at risk', as we known also more stubborn and difficult to convince to change, so this is forcing this generation to change their ways for their own safety. Purp have been set up to handle this more than the average estate agent, naturally they have far less overheads, so will have done better than its competitors in the tough times of no income.
Initially the reason for the big drop over the last year or so was the failure to successfully enter the American and Australian market after spending loads of money on marketing, it is obvious now this was ambitiously attempted too early. Maybe this is the boost the company needed to change consumer habits world wide?
On top of this, the UK housing market it 45% busier than pre lockdown levels, people are realising that any potential COVID spike return, they want to be prepared and have there own space, with interest rates so low the priorities are changing from holidays, clothing etc to owning your own home.
Strong buy for me, at minimum this will return to pre lockdown levels of 120p end of 2020 IMO.
Couldn't agree more, to me it was obvious this type of thing is happening for all fast fashion, just expected in other countries.
Classic market overreaction, seen many times with boohoo over the years, i originally bought at 37p and was fortunate to sell my holding last month at 410. If this drops past the 250 support level we will see 220 if it holds at this level this is a bargain price pretty much guaranteed to make money. Just look at this shares yo yo history, 3 months ago I even managed to top up at 140p. Serious money to be made here if timed right IMO. Recently upgraded 600p directors target within 3 years.....
Bricks, I could not agree with you more! Investors with no balls have missed the buy in point and now have to dereamp to make themselves feel better....
The phrase 'online is the future' is now out of date as we are now living in that future!
On top of this it is probably topped off by the fact that if they bought into Asos 2 days ago you would have doubled your money... like myself ;) not that I am boasting..
Ollie you have demonstrated very clearly that you have no clue regarding boohoo. 100-120!! You have clearly just looked at the graphs to figure that one out and picked a number just below the lowest point, it hasnt been that low in about 4 years, 135 it has hit twice in the last 2 years. The most recent 2 weeks ago where I was fortunate to re buy into after selling half of my holding last month at 320p, which I was very happy about! I have been a shareholder since the day boohoo made a placing onto the AIM holding an average of 37p.
Furthermore you have stated boo have minimal debt? boo have plus 60Mill in the bank from my memory.....
I expect another drop to come after such a strong recovery, like anyone would. However the current market situation is unknown, anything could happen.
People are sat at home bored, this will help to gain new customers as people literally have no choice to shop online, once shoppers take the leap of faith to change their consumer habits they are likely to continue shopping online from this moment on.. benefiting boo in the long term.
The start of the year was perfect for boohoo. It was cold and miserable, leading to higher sales as people were staying in. A variety of clothing is purchased in this situation and the larger material clothing sold results in higher sale price, resulting in a larger revenue and profit. Hence why boohoo were at a record high reaching 340p.
All in all, boohoo are very well placed in comparison to majority of organisations and at 240p this is still a bargain looking at the long term 1-2 years it will guarantee profit.
Intu is very high risk because it is going Bankrupt and trying to sell off stores to cut their loses. No reason for this comment even to be mentioned on the boohoo board. If anything its highlighting the fact that stores are losing money and online shopping is the future (Which has been obvious for many years). Sounds like you are purely trying to recoup your own losses on this company...
This recent fall is not something to be overly worried about as the entire market has fallen due to Corona Virus. As proven by recent trends in the last year (up and down ranging around 190-130 this will price will bounce back to 120 sooner rather than later.