Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
This Covid pandemic will trigger a world wide recession. If the markets crash do you seriously think the Boohoo SP will somehow be unaffected. Keep in mind there is still no sentiment for Boohoo. The share price prior to results on 21st April was 281. After two superb sets of results we are now at an SP of 271. Leicester has not gone away and our share price speaks volumes. Boohoo may end up spectacular after the dust settles but unfortunately that is some way off.
I've got to say I feel very sorry for the investors who took fright this week and sold their shares off on the cheap. I myself lost ny nerve at the start of the week and sold out at 232, only to see the price rise the next two days to around 250. Fortunately Wednesday saw all the gains that day evaporate as profit taking was rampant. I luckily got back in late Wednesday at 237 for a loss of 5 points. I can understand why people take fright. Having watched my holding rise from 270 to 430 and all the way back to 200 the volatility on a bad day can easily get to you, when you look at the profits that have come and gone as you held firm. I'm quite new to share investing and hold just over 150k in Boohoo. I see Boohoo as a long term contributor to my retirement. I am confident the recent supply chain woes will be put behind them. John Lyttle is a fantastic CEO. Onwards and upwards.
Good summing up. I totally agree. Boohoo needs institutional investors / fund managers to accelerate the SP. The investigation outcome and September results are key. Until then the SP is exposed at a time when the world stock market has the jitters.