Member Info for HereKittyKitty

Demand is good

ASOS and JD Sports are running low on tracksuits and it's because of coronavirus
https://www.mylondon.news/whats-on/shopping/asos-jd-sports-running-low-19137670

What a decent company.

ASOS Marketplace Is Launching 5 Charity Boutiques
https://www.bustle.com/style/asos-marketplace-charity-boutiques

Either fold your poker hand & walk away or play the game to win.

Very balanced view.
Having been through this last time, it "feels" exactly the same.
Negative: constant bad press on slavery, now VAT, playing on auditor etc
Positive: Amazing growth & revenue with lots of support from customer growth & celeb endorsements
At least this time a Fund did not dump!
Difference is we now have the detailed QC report & a 6 month action plan to resolve it all, which we didn't have before.
Come Mar 31 FY results we will see if they cleaned up their act - Yes & off we go, No & more pain will ensue.
Until Mar 31 I see volatility as press wont let go on anything they can grab on.
That said I still see this recovering into the 320-350 region, especially after an auditor appointed.
NET IS - they have been proven guilty of no crimes & the QC report open states of what they were "aware" of but are not guilty of anything.
Compared to ASOS, there is a bigger SP growth opportunity here.
All shares come with risks & we have been here before with Boohoo seeing 210 get to 400.
I fully expect 250 to 350 with a few bumps.

ALSO means, as per QC report - Boohoo is NOT GUILTY of VAT fraud as accounts are in order verified by PwC.

Means all is good with Financial audited.

https://pcaobus.org/Standards/Archived/PreReorgStandards/Pages/Auditing_Standard_8.aspx

People want instant results these days - take advantage of the drop - I have every time & accumulating for the RNS that confirms gold as after that this will be an EUA, UFO, GGP too late to get in

Much more upside in BOO but as we have seen 3-4 times now it just takes one bit of bad news & PIs panic sell every time. ASOS a much more stable solid clean business & have better fundamentals other than % growth vs BOO, but that is because they are much bigger.

Somebody likes the news

20-Oct-20 17:38:55 4,958.357 27,308 Buy* 1m O
20-Oct-20 17:35:29 4,973.647 22,343 Buy* 1m O

Boohoo chairman buys 300,000 shares after auditor quits

https://www.lse.co.uk/news/BOO/boohoo-chairman-buys-300-000-shares-after-auditor-quits-px98xu23q7p1bpv.html

Might treat myself to Sausage & Egg McMuffin Breakfast tomorrow

270 Wed
300 Fri

& oooo a cheeky little new auditor RNS in 2 weeks

Maybe double Sausage

Now watch ASOS go 10% to 5500 this week

Try to think what TheDonofDons offered us all today - yep that’s what I thought to

As the Spice Girls say - Scream If you wanna go faster

And TheDonofDons showed their true colours

Prediction accurate

https://www.lse.co.uk/rns/BOO/directors8217-dealing-tx0cneqstkz39uq.html

No here’s why!

https://www.lse.co.uk/rns/BOO/directors8217-dealing-tx0cneqstkz39uq.html

I predicted this yesterday - you’re welcome!

They can pick 2nd tier auditors. Sports Direct did this.
Somebody will do it as somebody will want the Boohoo logo.

That 1.54% fall hurts I know; I feel it to.

Take the time to relax tonight with a beer or gin & it will ease the pain.

We can get through this - together.

Luke Jensen Is CEO of Ocado
Sandrine Jensen I presume is his wife

Bought £199,657 @ 5070