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Maybe it was this ‘ The final weeks of June saw a softening, due to the impact on consumer demand of continuing COVID uncertainty and unseasonal weatherGood growth in the EU, underpinned by particularly pleasing growth in Germany, despite various levels of COVID restrictions remaining in place for much of the period. Southern-Europe performance was more challenging, with tourism-related economic pressures disproportionately impacting 20-somethings' prospects’
I’m so effin stupid. Lost over 17k today on paper. Never thought Asos would tank as much as did. This is my last trade ever. Not sure weather to hold or sell take the pain and forget stocks all together . Bought last week at just over £50. I’m still working out why it got hit so hard.
Down 11% this is getting ridiculous great analysis here kitty kitty. Not worth catching a falling knife, better to let the dust settle bar chart had this as a 88% sell! Should have listened. Would have been a great short ( short time)
Market is pricing is some bad news ahead of the 15th of July trading update. Not sure what it could be. It started falling last week when the ftse fell, but following day ftse recovered and this has kept falling
Even going back to previous guidance of around 30% growth, that still suggests Boohoo is too cheap to me. I see 30% per year as sustainable. And if that translates to profit growth, which I think it will? Well, 30% per year growth in EPS would put the Boohoo share price on a P/E of only about 15 in five years. Can my investment in Boohoo really double in 2021? I rate it as the one in my portfolio with the best chance.
The Motley Fool Can the Boohoo share price really double in 2021? Alan Oscroft | Monday, 18th January, 2021 | More on: BOO I added Boohoo (LSE: BOO) to my portfolio during December’s share price dip. I’ve also pondered the possibility of my investment doubling in value in 2021. The Boohoo share price is one that can react in a volatile manner to short-term events, but I want to look beyond that. I did suggest Boohoo might get a boost from January’s trading update. That update came on the 14th, though the shares are in one of their regular short-term dips and it didn’t really help. I only care about the long term, but what did the update say? 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit! According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air… And if you click here we’ll show you something that could be key to unlocking 5G’s full potential... The key highlights included revenue growth of 40%. That left the company with net cash of £386.9m at 31 December (up from £344.9m at 31 August). Gross margin slipped a little, by just 50 bps to 53%. But that’s a cracking margin to be achieving by any standards. Looking forward, Boohoo has upped its full-year revenue growth guidance. We’re now looking at between 36% and 38%, up from previous guidance of 28% to 32%. This all looks very positive to me, but the Boohoo share price dipped by 5% on the day. Why did the Boohoo share price slip? Perhaps it’s something to do with the new Covid-19 lockdown? Last year, the coronavirus crisis and its effect on the high street gave online shopping a boost. Maybe investors are concerned that that effect will slow? Or the recent downturn could be just part of the volatility that shareholders have seen for years. Anyway, let’s forget what’s driving the Boohoo share price in the short term. In the long term, I can’t see anything but steady growth. But for that, I need to think about what the market will be like once the pandemic is finally past us. Looking back to early 2020, Kantar valued the global fashion market at around $300bn. The market analyst also predicted growth of about 3.9% per year in the following five years. That would add an extra $64bn by 2025. The economic impact of the global pandemic will surely knock that back a bit. But at the same time, it’s giving the online marketplace a handy boost. So while the overall rosy outlook from early 2020 might not quite come to pass, I reckon market share growth at Boohoo and other online sellers is still set to accelerate. And that could help the Boohoo share price to double. A lot more growth to come? Boohoo’s revenue for the year to February 2021 looks set to come in close to £1.7bn ($2.3bn). That’s based on the mid-point of the latest outlook figures, and that rate of growth might not be sustainable post-Covid. But the total is still a very tiny fraction of the world market, which suggests to me that
Last year Jan and Feb revenue was £197m . This year to hit FY guidance they need just £202m-£227m ie growth of 2.5% to 15% in JanFeb . If they do 40% growth in Jan Feb as per the last 10 months then they hit £1750m ie 42% annual growth
Seems to be in perpetual freefall. Surely a lot was priced in but a circa 15% does see overdone. My buy at 42 seem like a poor choice, or maybe it’s dropping because I bought! Let’s see how things play out. Investors chronicle seems to be fan of this share