Member Info for Inferno

So what’s people’s buy price this week ? The weekend talk on this board has been of the Friday sell off with a view to buying back in. What’s your figure ? Or are you going to watch it tank and buy in at exactly the right moment when it touches the floor before rising like the ashes to maximise your profits? Some sarcasm as these boards tend to lack any truth most of the time. So it’s a genuine question what’s the buy in price ?.. and what do people think will be the closing price this Friday the 4th which will then be 3.5 weeks to results and report ?

Thats a very good point indeed.. I would think from the new financial year but only a guess. I think it virtually untenable to back date that sort of tax hike

No implementation of that until Post Autumn Budget, matched with the FTSE being at its lowest level currently. I think it’s unlikely. It was a story run in the mail and telegraph about plans being proposed by the treasury and apparently rebuked by the PM. Whatever happens shouldn’t directly impact the market for another 4-6 weeks

One good piece of news is that autumn budget will be in October this year. Given that online sales tax seems more likely than ever! This will hopefully the SP to breathe and get off the ropes before another punch ! Let’s see what the BOD do this week, an RNS seems more important than ever to reaffirm the faith all Around.

But yes on reflection ‘seriously burnt’ was perhaps a bit over the top. More of a scalding burn. Run under water for 20minutes hope it heals in 7 days

You are missing the point... the amount is irrelevant, my partner is new to trading and was / is doing it as a hobby. Any loss hurts dependant upon how much you are in for and what that amount means to you etc. You are right in fact I think her loss was roughly £480 my point being if that same stop loss had been applied to me with 43844 shares that same 20p would of equated to roughly £9k for a stop loss with a 20p margin from HL!

Nope and nor will I - my partner got seriously burnt on Friday, she had £10k’s worth and had set a stop loss at £2.90, HL sold her shares at £2.71 stop loss is lethal if the sell orders backup - read the small print it says ‘ we will get you the closest we can to your stop loss’

Couple of observations,
1. Chris - I am surprised at you selling, for someone who was adamant they were in for the long haul and no amount of short term news would change your mind (your posts) you sold all your stake and are now very less Vocal or optimistic - just my observation
2. Clearly a load of people panicked on Friday and sold and now are swamping this board with panic and negativity praying frantically they can buy back in (who knows maybe your prayers will be answered)
3. People who have never posted or talked of boo are now experts and regular posters since the sp drop and all of their posts warn of further drops.
4. Buying back in will work for you all I’m sure - one Thing to watch for is a RNS from BOD then you will be out the game on your original price
5. This now sits with the BOD - if they sit it out and do nothing then yes I fully concur it could be a bloodbath and we will see the sp slide into the abyss

However I would imagine their PR, Legal, Crisis management team, Investment relations team, QC review team and probably a few others havent had much of a weekend off. Let’s see what the response is from them next week. I can’t imagine they have downed tools and headed to the coast this bank holiday weekend.
A crystal ball - I think if we went into results at £3.50 that would be a significant win. All the talk of £4, I can’t see it happy to be proved wrong and as someone with over £110k holding I hope I am!!!

So you honestly thinks funds will be exiting within the next 28 days prior to results ? Wow.... I guess you haven’t worked in Investment banking before then..

No - I was replying to the guys previous post who says it’s likely to go down for the next few days. I am trying to understand or rationalise the total BS posts on this forum, by all means have an opinion but PLEASE qualify opinions. Otherwise it just reads as random Bs like 200 next week or days of losses ahead. This board used to be the *******s and now it’s full of either BS or people taking about other random shares. @Chris England time to come out of retirement buddy ffs come and voice some reason

So we lost 10% today and you envisage a further 2 / 3 days of falls at say 3-5% a day. So on that basis you are saying one badly produced article will wipe 25% of the share price out ? Crikey we do have problems... sense my sarcasm in case it’s lost in translation

I am not a conspiracy Theorist, in fact I am someone who works on facts and not emotion. Today absolutely stinks of an orchestrated plan between journalists, mm’s and traders. The timing, the drop all leading into a 4 day trading week with an expected RNS stating exceeded results.

There is now a 10% bonus available on the price compared to pre Article price circa 1300H. Every person with any weight or importance knew that article was coming and at exactly what time.

Be interesting to see the actual trades yesterday or today pre article. Easy to trace who knew, proving it of course is another matter.

What does this mean for us all ? Well
Posting random crap like 2.20 next week is just noise and useless noise designed to antagonise and worry people who are invested.

Let’s see what this weekend holds in terms of market reaction and further media coverage. As I previously stated - BOO is under a well organised media attack for what purpose or gain I don’t know. There will be more stories prior to results.

Let’s see how the BOD fight back, sitting it out on the sidelines isn’t gonna cut it, they have already seen 1 billion wiped off the sp.

Next week will be critical, hopefully a decent statement or trading update will see us back in the £3+ . However I do fundamentally believe results will
Only do so much, however good they are. Boo are now in a difficult spot - amazing results people will say of course because they are paying £3 an hour.

They need to fundamentally show the entire infrastructure and supply chain is Clean moving forward - that is what will make the Sp rocket not results alone

Can’t see any funds leaving before results

This isn’t a new ‘story’ this is merely part of the ST concerted media effort to destabilise and bring down Boohoo, it’s sister subsidiary paper owned also by the murdoch group ran a rehash of the same story last week.

This won’t go away overnight, it’s part of something much bigger. The ST have got Boohoo in Their cross hairs for reasons we may never know.

Boohoo have got to start fighting back effectively, another reason for an interim RNS.

I would be surprised if this has any effect on the SP as it’s not anything unknown or new. However it will
Continue to stifle the price as it will keep the big players on the side awaiting the city outcome to the report.

The main drop was due to the departure one of the largest 3 funds invested in Boohoo. The other two are solid and as we know one increased their holding . So as long as they remain we Should be good.

It’s gonna be a long 5 weeks run in from Monday and expect some bumps - budget, more stories as the ST turn up the pressure into results. However remember the returns on this sp, if you can hold your nerve and weather the storm it could be good

An excellent post and spot on. Regardless of how spectacular the results are, there needs to be reassurance that they are not created against a backdrop of corrupt poor working practices. The analogy I would use is the foundations of a house, those foundations need to be solid or the house will collapse. It has 100% spooked a number of large funds and this has impacted heavily upon the SP

Interestingly the outcome of that report will no doubt start to leak within city circles long before its ‘official release’ the week before to the BOD

It could go either way depending upon the content, if it’s not as bad as reported and there are quantifiable action plans that will deliver clear reform then there could be a 1 - 2week dash into results Which could look fantastic.

If the reports contents cannot be hidden in terms of facts and working practices and Boohoos actions are seen as too little too late then it will again cause a sharp decline in Sp

There is a 3rd scenario, that the report says must do better as there were clearly defined Areas of concern. Boo BOD acknowledge these and say they will do x y or z. The city look on and decide to wait it out on the sidelines for a few months to see the outcomes.

What’s other people’s thoughts ?

Everyone has done well to hold their nerve me included! That ‘nerve’ depends on many factors - WhAts your level of exposure/ WhAts your average / WhAts your aim ? Cut out point / WhAts your strategy short medium long etc. Therefore if one bought in at £2.20 for £10k I would be pretty chilled and laid back about things but in my instance I’m not my average is somewhere around £2.82 having sold out at £2.62 and banking the profit before day trading it up to £2.82 and getting caught out on the TR1 buy. In short my original average was £2.48 and had I sat on my hands and left it I would be £4K up from where I am now. But I’m still in profit so am not one to be greedy! This week has been testing, and not followed a lot of logic. It’s been a bad week for the markets in general, as I said before I think next week is crucial, as long as we hold onto £3.00 + at close of play next Friday I am very positive about it. That then leaves 4 weeks trading to results with the first week being a 4 day trading week which generally works in the markets favour. What we don’t need is - any drama THis weekend media wise, and a tickle of an RNS next week or week after to set this sp off! Fingers crossed for all, it’s been a testing week but I for one can see it could of been worse and we have all held on whilst others have sold and good luck to them it’s all relative - profit is profit, for some that’s bought a new kitchen or car and done what it’s needed to do. No point in regrets or hindsight with shares, if we knew the answer or had that crystal ball we wouldn’t be on this forum for one !

I agree with most that, the ftse has had a very bad week. And if you read my earlier posts I said at £3.28 I thought the SP was probably 2-3 weeks ahead of itself. So I think absolutely if we can hold onto £3.00 next week and go into September at £3.00 with a possibility of an RNS stating exceeded expectations then potentially very good rise - £3.70 -4 seems perfectly possible. If we drop back to £2.80 next week and there is no RNS then £3.50 to results seems more likely.

But then what do I know !? Very little.. those fogures are just guesses like the rest of us. I don’t think many if any saw a 0.30p drop in 72hours With no specific reason. And we still have the budget to weather that storm as well. We need the BOD to step up in the next 2 weeks and give some stability to the SP.

It’s been said many a time this is a day traders dream with the volatility. Funds don’t like volatility FACT. So the calmer the share the better.

No agenda - fact 18 August 08.25 £3.27 21 August £2.96, I am not some clown that randomly posts £2.20, or anything else I am asking a Question as someone heavily invested - what caused this drop ?

Sold ?!? You’re I’m not selling pre results i am asking a genuine question? So before we get into the whole panic selling trolling effect, let’s have a conversation about the 10% drop ? I am asking as someone heavily Whats with the drop ?

What has caused this SP to drop? Genuine question without the emotion as someone with over £100k invested

From a high of £3.28 on the 18th August to £2.96 21st August. A 10% drop is substantial and will be more than just the ‘market’.

This is historically where the BOD have been terrible, they will sit on the sidelines and watch the SP drop 20% + without any action or Comment I.e rns

Next week is make or break in my opinion if we enter back into 2.70 territory then at best we will limp into results at 3.20/3.30 potentially.

People obsess about ‘amazing results’. If anyone knows this share by now, they will know the landscape has fundamentally changed. Results will
Only do so much.

Boo BOD have always struggled to be taken seriously by the city, hence why institutions are so risk averse with them. The introduction of the ex finance CEO was supposed to show some
Promise about how they were becoming more professional, but in the last week this nonsense with Amigo tweets has shown the stupidity of said individual. As someone on this board posted earlier - focus on why your company has dropped 10%
In a week instead of tweeting about other companies!