Member Info for Inferno

You could well be right, I think it depends on how dire the true situation is once Deloitte have assessed the level of debt. Absolutely you are right, he won’t willingly relinquish the Crown Jewels aka top shop. Burtons and Dorothy Perkins are hardly cutting edge fashion he would be lucky to give them away in this climate! What I find interesting about some of the current covid landlord arrangements is the sheer scale of them!!! Cafe Nero have struck arrangements to pay no rent on some of their premises for 3 years! With an agreed backpayment of 10p of each £1 owed !! High street is Truly dead.. yes it will recover but at what cost ? How many can last another 6-12 months before we see any significant opening of society without huge government support

The times business front page - focusing on Arcadia group losing its market place to ASOS and Boo and calling in Deloitte to manage it’s unavoidable administration. Surely some brands for boo to swoop on.. topshop maybe and move it entirely online

Interesting piece today focusing on how short sellers have been burnt to the tune of £676.7 million this week, mainly around RR, cine, HSBC and Sainsbury’s. I for one would like to see a market sentiment move away from shifting its a deeply unpleasant practice and one that encourages manipulation and malpractice within the market

That’s really interesting mate thank you, I wasn’t aware of them. Clean up specialists I like that ! I’d be surprised if we didn’t go into results at £3+ But for me the ultimate test is not the one off value it’s how long the price holds..

Great minds and all that !

My Money is on Ernst & young at a probable market inflated price.. beggars can’t be choosers.. in this instance Boo don’t hold the power E&Y do

@ Razor, excellent post I could not agree more alas whether it happens or not I am not sure. I feel their is an element of pride with the whole Boo family setup that refuse to concede or admit any form of shortcoming. The admittance of failings came only after they were up against the wall in the truest sense and they had no other option

I think one of the biggest challenges with this share is that it defies the basics of how the market operates, what factors should govern a SP and how the SP should perform.

For the long term holders many will know already this share was the original market darling it had a meteoric rise to challenge even Tesla ! But it ran out of steam at around 2.50 back in 2017. However that level of sustained expansion and rise was not going to continue unless the model of the company transitioned at the same rate.

No one needs a history lesson to know that it didn’t and we are where we are with the fall out this year. It does have potential for sure and the US market is massive and the Board are saying and doing all the right things. However before I would even consider holding long term I would want to see the SP stay over £3 for 12 months and as yet that hasn’t happened

Personal opinion - but I think the main reason we are where we are sp wise is due to the media onslaught over a 3 month period probably in excess of 20-30 mainstream articles across multiple news outlets and media channels.

It’s somewhat ironic that we got hit with a 6% drop on the vaccine news as we hadn’t really even grown during lockdown ! Yes sales were up but as we all know by now - sales do not equal SP with this share.

I hope the tide has turned and the way out of this volatility and uncertainty lies with the US for me. The UK has fallen out of love with Boo it’s like living in the same house with an ex ! The relationship is done and unlikely to improve regardless of change.

Fundamentally the powers that be - the city, large institutions, government and media are inherently suspicious of karmani and his gain some founded some unfounded i would suggest.

Let’s see the us load up and take us over the water !!

@MckLondon - what are you in at ?

Morgan Stanley just upped their position that’s all

I will share an observation on this board without naming specific individuals as it seems pointless to do so

There is a culture of instant gratification with new traders, an almost expected expectation that they are entitled to see a 30/40/50% rise in 3 or 4 weeks.

With that outlook frustration will always spill over and turn to bitterness because that ultimately is an unrealistic expectation

Rather than obsessing about all time highs or £4/5/6 by this or that date look at your own needs. Boo has always been about timing, as a long term hold it has not proved to be of value. The sp is pretty much stagnant to where it was 3 years ago with massive dips up and down along the way.

Bide your time have patience, be happy with a 10/20% rise, buy in buy out and this share can look after you well.

We are due a number of good news stories Which I would suggest conservatively take us back to £3+

I will leave you with this thought - Morgan Stanley will know more than all of us on this board put together.. they will know all the future plans, forecasting and production.... and they chose to buy 5% and continually top up each week

What does that tell you ?

This drop was almost simultaneous with the FTSE rise on the vaccine news.

It’s strange given that BOO was growing at an exponential rate long before co-vid and as we saw the increase in sales didnt effect the SP in fact it reverted from 3.90 down to £2.90 with a few bits of dodgy news throw in.

I think a vaccine is great news for BOO travel starts up and holidays/going out etc all require outfits, furlough extended till March I don’t see the issue

I’m of the opinion the market had a bit of a kneejerk today as ever it will only go two ways like death and taxes. Whether it continues to drop to around £2.50 or ride back up to £2.90/3 I don’t know.

Few bits of good news with get us where we need to be for sure. Take some comfort in ASOS being down as well unless you own both lol. It’s not something sinister we know that much! Or at least hope we do

A lesson to some on this Board around wild predictions £4.50 by Jan £5 by April. Everyone single one of you including me were wrong at the last set of results, we were all totally wrong.
If history has shown you anything - amazing sales figures do not equal amazing SP. the sp tanked 40% from its peak on the back of amazing sales.
The long term Sp is mega strong I’m not gonna put a figure on it as it never materialises.
The immediate challenge is actually not BOO related it is how the markets react to next week - lockdown impact and American elections if all the markets tank so does Boo.. end of... but as they bounce back so does Boo. Next week is my entry level and I am confident by Xmas we will be back in a good place, the best news is the investment that is a gamechanger!!

Dsc we shall have to agree to disagree on that one my friend however the next 7 days will decide for us one way or another. Am always happy to be proved wrong, let’s see how it plays out. The worst outcome would be if trump refuses to accept the vote and takes it to the Supreme Court.. now that would be a whole new level of market uncertainty

The sp will be dictated by the American markets which will be dictated by the election result on Wednesday. Buying before then makes little to no sense in my opinion, I am ready to re-enter with a decent chunk but I’m waiting for it to settle. Yes I might miss a bounce between now and then but I’ll take that gamble.

If Biden gets in it will be a disaster on the markets he is the antichrist to capitalism and has already gone on record to say he will reverse business tax cuts and reintroduce the red tape of business which trump removed.

If trump gets in, the markets will bouy and he will push through the next fed stimulus package which will see all the markets rally and rally hard.

Lockdown is a bonus to boo, cheap one click fashion works for the 16-24 who mostly live at home and have large disposable income. Even if not working parents will support or lend in most cases.

High end designer fashion will suffer, yes if your not working it’s hard to justify £800 on a mulberry bag, £7 on a dress most people can cope with

RR split their shares hence the drop so it’s not in fact a drop

https://www.fool.co.uk/investing/2020/10/14/should-you-buy-rolls-royce-shares-in-the-rights-issue/

I wonder if that was the cause of the 5% rise on Friday ?

Sadly David there memorandum opus is a wall of silence, bizarre flawed strategy that has consistently seen their sp smashed and no doubt will continue to the low 200’s before a forced director buy of a couple of mil will be their attempt to stop the arterial bleed.

For those that keep saying ‘money talks’ no in this case it doesn’t I been banging on about that since July.. no matter how good the results / finances are big players won’t invest in a house of cards built on sand end of. And now even auditors who get paid millions are walking away.

Change is needed and for those that resist this, keep watching the sp go south, yes it will bounce back but the main question here is when will the volatility of this share be removed ? Massive highs and Lows great for people dipping in and out but not for people who are medium or long

So this has now lost just shy of 40% of its share value from 19days ago... that is a very sobering thought

I’ve written off my £10k in here.. I’ll check back sometime towards Xmas, however to even be level at 3.44 I think it will be April next year earliest.

I can honestly say I have no idea what’s going on, I apologise to those I questioned around their valuations you were spot on.

For anyone who says this is just ‘noise’ then noise is a scary thing to wipe 40% off the sp. the next few weeks will be critical, I think we will see a tr1 turn up in the next few days of a sell by an institution.

Let’s see what boo come out with, i would put money on nothing... sadly a cheeky director buy of a couple mil shares isn’t gonna cut this time.

Genuine sadness for those of You who’ve been battered by this, my sale at results was purely luck not skill. I can only suggest my own advice which I’m
Following which is hold tight. I am hoping for the best but prepared for the worst.