RE: Online Sales Growth28 Dec 2018 13:43
Of course this is true and it’s true with every share that if results aren’t great prices drop, stating the obvious. Yet you ignore the fact that boohoo historically over achieves (check rns(s) and is doing very well which you can’t deny, automated warehouse brought online now and margins to increase, the new ceo is a seasoned pro who grew Primark at astonishing rates. There could be acquisitions that could boost the share price further and/or director purchases. Remember boohoo is cash rich. Boohoo is growing rapidly as it is agile to the market/fast fashion and currently it’s overseas strategy is working an absolute treat (exchange rates helping even more now) and plt is smashing it both here and in the states.
Where do you get this 80p price you harp on about now, from what are you comparing boohoo to? Next don’t be silly, Asos don’t be silly margins 5x less and no cash, you are sounding slightly desperate. PE ratio to drop in few months on results if you are comparing it to amazon then let’s start talking 300p. As I said imo a lot of the fear already priced in, you won’t have your short open into results, closing of these will lift the share price. With the highest number of disclosed shorts open and the price still 10% off year low trying to open up more now at 152 would be plain gambling against the odds, especially when some huge shorts may close. even you said you have “closed some” so you aren’t confident of it really dropping anymore otherwise you would have left them all no?