First time in many many months and first ever buy in ultra high quality ISA (this stock now qualifies as a strong recovery candidate).
We shall see....
All IMHO DYOR
Happy
Boo doesn't have the inventory to clear and gross margins have been sustained through the cycle with much better commercial management and cost control.
I think the chance of a major upside surprise is growing here. We should be up 10% today. The SP appears to be completely out of sync with our prospects going forward.
All IMHO DYOR
Happy
Https://www.londonstockexchange.com/news-article/SDRY/superdry-plc-proposed-restructuring-plan-equity-raise-and-delisting/16424307
Sadly game over for PIs.
All IMHO DYOR
Happy
I can't control the stupidity of the human race. I can't control the oil price. I can control what's in my portfolio.
All IMHO DYOR
Happy
Oil price over $100 incoming
Very interesting news.
If nothing else it'll put a rocket up BP tomorrow because it shows peers acknowledge we are undervalued.
If Chevron's deal with Hess falls through because of Exxon successfully preempting Hess's sale of Guyana assets, Chevron will emerge as a strong potential bidder for BP. Such a tie-up would see Chevron leap-frog Exxon and reshape the industry.
These are exciting times to be in BP even if the SP continues to be quite disappointing.
All IMHO DYOR
Happy
You wouldn't lose anything. So absolutely no need to worry.
If it happened (and it's a long way off) you would get shares in the US listed group. Of course, you would also have the option to sell while Shell was still listed in the UK.
Shell is ridiculously undervalued compared to Exxon and Chevron. We should be nearer £40. So I think a US move makes a lot of long term sense. Also, it would protect Shell from the ESG nutters.
All IMHO DYOR
Happy
SP up 3%
All IMHO DYOR
Happy
Just an admission of what many of us have long known that the Net Zero transition is bulcaca and BP will never make any money from it.
Need to focus 90% of our effort and capital on oil and gas. While Exxon is at an all time high, BP is in the doldrums. All down to the transition rubbish.
All IMHO DYOR
Happy
Come to daddy...
(I'll take my medication now!)
All IMHO DYOR
Happy
From a gross margin of more than 50%, we can comfortably get to net operating margin of 10%. Next, for example, operates at around 18% net operating margin although it's a very different business model.
Very roughly, we can generate £100m net operating income for every £1,000m of sales. On annual revenue of £1.7bn that would be £170m net operating income. On a very conservative p/e of 10 we would have an enterprise value of £1.7bn. Roughly an SP of 120p.
Then, if sales growth turns positive, we will head higher still both because of the absolute value of operating income rising and due to multiple expansion (higher p/e) to reflect better growth prospects.
I think 250 by end-Dec 2024 is possible if sustainably hitting 10% net operating margin and resumption of meaningful sales growth.
All IMHO DYOR
Happy
If the cycle has turned as the update from ASOS indicates, we are in an incredibly strong position.
Feeling very excited about Boohoo again.
Who says we can't hit 400 again over the medium term?
All IMHO DYOR
Happy
ASOS results and cashflow forecast were encouraging and it was no surprise the shares rose sharply.
However, the read-across for Boohoo could not be more encouraging. Our gross margins remain over 50%, much bigger than ASOS and as green shoots emerge, our balance sheet is virtually debt free and robust.
My timing may be off but my prediction will come true. You are looking at a 10-bagger folks. A big, juicy 10-bagger...
All IMHO DYOR
Happy
Mogger
I have a huge amount of respect for you but I dont feel Godders leaving the board is a good outcome. He has been a substantial shareholder for a long, long time and I, for one, think it's a great shame to see him go.
Godders - please do return under a different alias. I hope you recover your money, too.
All IMHO DYOR
Happy
Godders
Although my opinion is not worth much, I don't think you've done anything wrong. OK your posts may be a tad repetitive and whiny but any rational person would agree with your basic position that Sam and the board have been totally useless over many, many years.
So keep posting. There's no need to hide. I am hopeful that SL will be developed now because I have every faith in Navitas and Gideon. I hope you make all your money back and then some.
All IMHO DYOR
Happy
Daytradenovice
There's a life beyond this BB that you're missing out on. Your obsession will Boohoo is harmful to your mental health. And I don't mean that to be derogatory. Your behaviour is simply not normal or healthy.
All IMHO DYOR
Happy
Boohoo has outstanding customer service, which I hope they never compromise on.
This will be Boo's year.
All IMHO DYOR
Happy
Bitcoin and gold being chased up today.
Maybe we will be finally be mining our own black gold. Can't think of a better place to 10-bag.
Quite exciting and thanks for all excellent info and analysis being posted. Very instructive.
All IMHO DYOR
Happy
Or put it another way, if we rise 100% from the current price, we will only be at closing market cap on the day the SL discovery was first announced.
It's almost unbelievable!
All IMHO DYOR
Happy