Member Info for HereKittyKitty

# Trades 392
Vol. Sold 3,288,142
Sold Value £374.85k
Vol. Bought 7,630,730
Bought Value £869.90k

I fully expect a re-rate of

JPMORGAN UPGRADES BOOHOO WITH 'OUTPERFORM' - TARGET 500 PENCE

After results.

Even on the conservative JP Morgan re-rate today of 415p, which I think is low from my research, you are looking at a 26% gain from there. Nice.

https://www.lse.co.uk/news/uk-broker-ratings-summary-oddo-bhf-upgrades-astra-and-glaxo-q4rl7cig4jedchv.html

JPMORGAN INITIATES BOOHOO WITH 'OVERWEIGHT' - TARGET 415 PENCE

That is another 26% from here.

Wrong link
https://www.barrons.com/articles/now-is-the-time-to-invest-outside-the-u-s-just-look-beyond-valuations-51600375440

Here is a US article advising just that from dowjones.com
https://www.barrons.com/articles/ge-pulls-plug-on-a-shrinking-business-building-coal-power-plants-51600706184

Artisan’s Kanovich hunts among smaller companies abroad and has been picking up companies—many of which are self-funded—that have become larger by being disrupters and playing in new industries. That includes the likes of British online fashion company Boohoo Group (BOO.UK)

They are heading, like ASOS, to be a top 100/250 UK share

Let's also not forget - they go live in the Middle East today.

"This new expansion from Boohoo will see them concentrate their efforts in tapping into a wealthy Middle Eastern market place in regions including Saudi Arabia, the UAE, Qatar, Kuwait, Oman, Bahrain and Jordan.

Their new exclusive e-commerce website will serve 7 countries in the Gulf region at mena.boohoo.com. This will go live on Wednesday 23rd September where customers will be able to shop for their latest in ladies fashion, menswear, activewear, footwear, accessories as well as beauty items."

Middle East mena.boohoo.com launches tomorrow & already an estimated 128.28K visits (https://www.similarweb.com/website/mena.boohoo.com/)
Now 80.2k followers https://www.instagram.com/boohoomena/?hl=en

There will be a flurry of online ordering there as the annual fashion sales in the Middle East’s Gulf Cooperation Council (GCC) markets amount to $50 billion.

Boohoo will ship to Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman, Bahrain &Jordan.

I posted this previously & see a conservative minimum of 480 come 6 months, but agree 500-600 is a realistic goal for 12months (maybe sooner)

--

The NEXT H1 results are massive for Boohoo

Next SP is up 2.63% on H1 results
https://www.lse.co.uk/rns/NXT/results-for-the-half-year-ending-july-2020-6yghgzj5x4aw2i6.html

Next last year did 3.997B revenue with 854M profit
BUT in H1 their sales from RNS were -33% down with guidance for -12% down on full year - Ouch!
They only made 9M profit H1 - down massivly
In store sales are clearly declining & people are moving online

Boohoo last year was 1.234B revenue with 90M profit
H1 guidance is 25% growth that they will achieve or exceed
Estimated H1 profit should be around 55-60M+

That is a lot more than Next

This is excellent news for Boohoo

I have been looking at the numbers & think 480 is a reasonable target for 6 months time, with an interim SP on 400 approx come Sept 30.

If you look at 2016-2020 numbers they grow 44% to 97% every year without fail.
In 2020 they did 1.234B revenue generating 91M profit.
Extrapolate the growth at 50% (they guide 25% but 44% is the lowest they've done & lets face it Covid will be 50-100%) so a conservative 50% puts Feb 2021 @ 1.85B revenue with 135M profit!
Current Market Cap is 4B would be 6B giving a 480 SP

Compare ASOS who did 2.73B revenue with only 35M profit & now have a 5B Market Cap

Boohoo looks more interesting as multiple brands, better worldwide presence & higher profit than ASOS.
Also through Social media & celebrity endorsements they seem to have better momentum
ASOS is 'only' growing at 13% - 19%

So from this it looks like a 50% gain is achievable in 6 months

We have 9 trading days to buy in at 310-320 for a 25% to 50% gain - be greedy

"be greedy only when others are fearful"
Warren Buffett

It would be nice to see this on Bulletin Board Heroes this week before results so we know support levels and target.

£4m bought in 30 minutes!

330 to 415 is still 25% profit to come!

332 new HIGH
Glad I didn't sell yesterday

Massive buys going through!

I thought it might be the launch in the Middle East today but no its "Martine McCutcheon's fans in love with her unique pyjamas from Boohoo" https://www.hellomagazine.com/fashion/celebrity-style/2020092297654/martine-mccutcheon-fans-in-love-with-her-sleepwear/

Where is the new broker rating? Thanks.

Not complaining.

I voted for him even though I thought he was a premadonna causing us all issues - after reading this I see his passion & why he is fighting for his child - let’s get this done

I had to google fervently ha ha. Thanks for the new word in my vocabulary.

Sorry forgot to add Page 17 is a great map but is there any estimates on the amount?
Thanks