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Hi all I have just added a bigish chunk to my holding I just couldn’t stay away!
The sentiment is rubbish at the moment but every time I look at the growth of this business it’s phenomenal plus you have ingenuity which albeit debated hotly is still increasing at an incredible rate. Finally it sits on a huge cash balance so no fear of it going bust.
So I will either live to regret it or I will be rather pleased with myself at some point when the BS regards MM settles down.
XXX - I had a Boohoo ASOS investment dilemma growth and margins seem to go Boohoos way but from an infrastructure perspective warehouses etc Asos has it also if you look at the large funds far more have upped investment in Asos. Also such a large percentage of PIs invested in Boohoo makes the share even more volatile.
Having said that both in my view are great businesses and despite the current sentiment online retail is the future.
I have a decent holding of THG so to be honest I do a couple of stomach flips when I read the latest kicking the company has received BUT I keep looking at the results and growth levels combined with a huge cash balance and I just can’t see an issue in the medium term. The governance is a storm in a tea cup and will be resolved. The growth rates on ingenuity would imply that if it was a pile of doggy poo why is it growing? Respected funds have increased their holdings recently so I will be sticking with it!
Finally NO RNS will or should be published in my view they just need to crack on with the business and chair selection.
Hi Simply Wall Street it updates mostly daily (not always) but I like to track who is increasing and decreasing their stakes.
Last week Boo was in fairness over 30% but to pass 40 is catching up towards IAG territory.
PIs now have largest holdings at over 40% it’s alway been high but I have never seen it that high.
Which means more rampers more derampers day traders.
Its also a shorters wet dream because it far easier to scare PIs out and drop sp.
So for me who is a Boo investor and fan it’s the biggest disappointment of a rough week.
All shares that are retail are tanking today due to disappointing December sales numbers mainly the miss was in Bricks but seen as how the market apparently views all tech/online as a busted flush at the moment it’s been ideal for shorters to apply a bit more pressure although volumes are very low.
I don’t often post but like to hear what the views are - I have listened 3 times to the webcast update on THG and for the life in me I do not hear any medium or long term issues. Current supply chain issues/inflation. Ingenuity a slight miss but amazing growth and sign ups.
If you look at the valuation at the levels of growth achieved it’s currently very cheap the shorts are simply milking the current switch to value and recovery play stocks which in the main will not deliver long term growth. Dyor
If we hear nothing tomorrow they are leaving awfully late to flag any issues. Also remember ASOS is not Boohoo as they have warehouses in the USA and elsewhere that Boohoo don’t have.
My view only but they are both great businesses long term but ASOS is far more developed.
Hi all I don’t often post but have been following the chat. The reason the share price is down is the same reason all of the other online guys are down. The market currently believes that they have had their time in the sun so to speak with last year’s lockdown add to this inflation worries and supply chain issues and that’s it. The fact that online continues to outperform and is projected to grow exponentially over the next 5 years is currently not being factored in. Keep calm;)
I didn’t mean to worry anyone the fact is they can’t just flog 55m of shares overnight so could have been happening already and yes today particularly. I am sure other funds are buying so all it will do is put some downward pressure on until it clears through. I still think the stock is a buy DYOR