Member Info for HereKittyKitty

Unfortunately what all this is showing is that newspapers, MPs & competitors (paying shorters etc) are jealous of Boohoo’s growth are trying to dig up as much dirt as possible to stunt their growth. We’ve seen that one bit of bad news causes panic & big stories cause funds to back out. They are on a pivot point where once they implement their cleaner supply chain all will be rosy but until then there are leaches trying find any dirt going. While the buyers of their products don’t care, investors do. All theses articles exist as there is fire that needs to be put out for good. Issue is with all these people looking for blood, it only takes another revelation too appear & off it goes again. Solid fundamentals in Boohoo but their ethics driven from the top are genuinely a concern for many investors. We can all be bravado here & say it should be 450 all day & news is rubbish but there are thousands of investors out there not on this BB who will choose stocks based on risk. Boohoo is definitely not low risk yet. But risk / reward is there to be had.

It’s the only reason I’m staying out as it just takes one new story or one fund pulling out again & we’ve seen what happens. I’m sure it will recover but it takes 5 minutes of bad news & down it goes again. Much “safer” investments out there. Love Boohoo & great growth but if market is twitchy you get dragged down at the flip of a coin.

Abs Steve the makeup is for you right lol

As expected Sunday news onslaught - long article but old news again.

Boohoo faces a fight to stay in fashion

https://www.telegraph.co.uk/business/2020/10/11/boohoo-faces-fight-stay-fashion/

https://webcasting.buchanan.uk.com/broadcast/5f60844783507b593b4677e3

To be fair to wyndrum boohoo executives did explicitly say in their earnings video call they downgraded forecast & explicitly cited the Christmas party season. It’s in the video - go replay it.

The number of shares issued is irrelevant to a company valuation. The share price is simply the company valuation divided by the share issued. That simple.

What’s odd is ASOS is making less profit, carrying large debt but has a P/E ratio of 184x but has a very clean name.

Boohoo are making more profit, no debt, larger growth and a lower P/E of 64x that many say is too high which makes no sense but clearly their “bad reputation” is dragging them down vs ASOS.

Either ASOS is too high or BOO is too low .... or both!

The market does seem to love ASOS.
Boohoo love will come once they clean up the mess & it is a distant memory.

ICON +22% ALBA +10% BOOM

I think ICON might beat it today

They are flying

I’m sure this means another Times article inbound this weekend.

They are buying somebody but I’m sticking French Connection first before H&M or New Look. If they are buying that would totally explain the share drop.

Great thread - here here

Good News
PrettyLittleThing extends new service to Australia as sales boom
http://www.ragtrader.com.au/news/prettylittlething-extends-new-service-to-australia-as-sales-boom

I still find it funny the obsession with others! In a polite way being honest I’ll repeat:

- I don’t care if you make or loose money.
- You don’t care if I make or loose money.
- We are all strangers on here and we only care if we make money & don’t care about others fortunes.
- People ramp because they are invested and want to make money so push all positives.
- People de ramp as they short the stock or want a lower entry point by spreading fear, uncertainty & doubt.

Let the fundamentals do the talking & Do your OWN research.

It’s YOUR money YOU invest to make YOUR gains.

We are all adults so ignore anything you think is junk on here as it probably is in the self serving interests of the poster. How we invest is our own business. Buy when YOU want to buy and sell when YOU want to sell. No stranger is telling me how to invest & shouldn’t tell you either.

The old adage - if somebody tells you to go walk off a cliff ...

Oh & this BB makes zip all difference to the Share Price!

That’s a good point re RR - many wanted a quick buck on the results but didn’t get it so have hopped to RR, EUA, ALBA, CINE & many others. I personally haven’t re invested as want to get back in Booboo when it settles but may jump to ASOS as results due next week. People will return to BOO as the fundamentals are awesome. The updates I posted from the results are superb. Just a bit of dirt to brush off before total stability.

I openly stated I have sold the lot 2 days ago but will re buy when stable, even if it’s 350. I have a personal trading rule that if the profit drops 50% then take it so I took it. My post here have been generally positive today like new appointment etc. I want stability not a cheap unstable price. That’s my personal goals. Nothing more, nothing less. Been in & out 3 times on the way up from 215.

Low buy in lol I was in at 215
Nothing here changes the price
If you believe it does well good luck with that

BTW for newer folks we had this at 320 & it dropped in an afternoon 10% to 290 but was back in the 310s very quickly