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Any guesses what this will do to the SP?

Hi All

I have a small holding here but did get in very late in the day I.e. 60p.

I've seen folk go on about how the SP will rise on good news and a possible JV being announced. However, is Wednesday not just an update on how it's going so far with final results being published by end of the year? If so, then why would a JV be announced on essentially a progress update?

Nothing has changed over the last couple of days, during which time this SP has been flying.
Its just consolidating and MMs seem to be playing games, the results are next week so ant see why this wont go back up on Monday.

What am i missing?

Sounds like a bored reporter, his type are never balanced and always have narrative they will promote, even if it misleading.
Those with a brain will see through his nonsense and come to a more balanced viewpoint

Not sure i agree, its a platform to move forward. Read the full release, the RNS is almost identical. There is good and bad news but key is they have a plan to move forward. Which removes uncertainty, which is what was dragging the SP down before.

Like i have always said, long term this will be fine.
Great news today, dont see the factory issues lowering the price much from here, its almost old news now. I see the RNS as balanced (both good and bad), but its a platform to move on now. Boohoo have acknowledged any wrong doing and have a plan in place to address so this wont re-occur.
Just come back in before xmas and i reckon we will be will into the £4+ territory. I wont cash out for a long time yet but for those who will, it should be a nice xmas gift

Thanks, im happy to hold till xmas and not in rush. anywhere near £1 would be nice

I'd go for the Huracan performante :)

What are your thoughts on how the SP will fare as we close in on results.
I have a small holding here (£10k @ 57p) - not sure if i should average down (not ideal) or wait it out longer. I was always looking to exit at around the 80p mark.

I dont get why the SP has stagnated, given this is an online business and from what i've heard its doing well. Seemed undervalued but maybe im wrong?

Thanks all

@Manc_NW - sorry that's not factual. There were two drops:
1. Lockdown: Large drop in March during lockdown - approx 50% at its peak.
2. The Leicester factory story led to a large drop around July - another approx 50% drop

I dont disagree with these points, lots of learnings from 1st lockdown and online is the future. I dont personally know which way it will go short term. Would like it to go up but believe there is a chance it could go down as well.

What i do know think is that the wider economic downturn (if it gets worse), will have some impact on online stocks as well, maybe not as much as say the high street but still an impact.

If you are planning to hold the stock long term then won't make much difference, it will go up IMO. I'm in this category.

However, if you are a short/medium term holder or trading this for a quick profit, then there is a chance this can go down as the rest of the market suffers - even with positive interim results.

Yes this is an online business and everyone keeps saying its 'covid - proof' - that didn't stop it crashing 50 % during the first lockdown did it?

You could then argue its the 2nd wave and it won't be as bad - but lets be honest and say no one really knows for sure

Based on what we learned today, what is your guess for the sale price and subsequent SP rise?
Seems most guesses range from 70p to £3 -- would love to hear from the more vocal folk here who have more knowledge on EUA, but also those who are more pessimistic

I appreciate Its all speculation and crystal ball stuff

Choosing to remain optimistic with my small holding (33k shares) and any profit goes towards a new orangery for my home!

We've all got different ways of slicing this, however, if you can hold then my personal opinion is to do this for as long as you can. Do your own research, its just my opinion. Longer term, i believe this business will continue expanding sales, revenue and profit. That's a realistic projection based on past and present performance.

The negativity around supplier misconduct and pay will fade off (as its done for several other major brands over the years (nike etc). So where will that leave us? ........ with a profitable business growing year on year.

This combined with some of the performance linked bonuses key shareholders will receive in 2023 (kamani, carol) and 2024 (John Lyttle) if certain targets are met, should provide some confidence that they are in this to grow and expand.

Will consumers continue to buy what they have to sell? why not - think about it..... Its cheap, cheerful, online and exactly what the target market wants.

I do not have a crystal ball, but whatever happens over the next month or so, it wont IMO dent the future SP from doubling or trebling longer term (12-36 months).

So relax, stop watching the share price several times daily and remember that you have invested in a profitable business.

Dear anyusername

I'm not here to prove whether i am trustworthy to you or anyone else on here. The comments i've made around this forum are factual and i believe they represent the truth. Whilst i've been investing/trading for 10 years, its been very basic (i.e. buying shares through my employment, accumulating dividend returns). Only recently have i started to take it more seriously and learn about charts and other stocks.

I have said i hold 6 figures here and that is the case, your choice whether you believe me, but why would you right? after all i'm just someone typing here - guess that's my point, don't believe everything you read here.

remember £1.2k is still a loss, is it a lot of money to me personally? not really. I'm lucky to have a full time job and various other income streams. So i have already made my money elsewhere and can afford to risk putting 6 figures into a share - that's my reality and appreciate not everyone has this luxury. Nonetheless the only reason i have money today is that i've valued it, whether its a £1k loss or a £10k loss!

Happy trading

Its a bit of a guessing game with this share and in general. I'm invested heavily for a number of reasons (6 figures) and in no rush to sell. I plan to hold for as long as it takes to get nearer to my target of 500p.

Having been on this forum for a couple of months now and fairly new to trading, its clear that this investing and trading game is very unpredictable and a number of factors can and will influence an SP. So for the newer investors and traders out there (like myself), don't believe everything you read here, and don't get caught up in the hype - its just opinions - no one here has a crystal ball and most people here have been completely wrong with there short term predictions. Why? because its just opinions, not matter of fact.

Some people wrongly frame there comments in such a way that it can come across as ramping, so beware and do your own research and never rush into buying or selling. Be considered, balanced and thoughtful.

Short term who knows what will happen, could take just one negative press story to bring the SP down. However, if you look medium to longer term, the fundamentals of this business point to growth - simple as that. You don't need to be a trader or have a high degree of financial acumen to see this.

So anyone out there with a holding who is panicking or in doubt, just try and relax. Stop checking the SP every 5 mins and give it time and patience. By end of the year, i expect we will be past 400p, that's a educated guess and my own opinion.

p.s. i was caught influenced by other people's comments and lost £1k on AMGO - I let the rampers get the better of me. So thats my lesson learned, don't be influenced by what you read here!

All the best

Hi All, I have a small holding here (around 20k shares). I'll be candid and admit I bought these on impulse without doing as much research as I know I should.

Could someone help enlighten me around how they see this playing out and what they think the SP could like short and medium term?

I appreciate it's subjective and people's opinions but just looking to justify why I bought these when they hit a high yesterday morn (SP has come down ever since)

All things considers 2.90 is cheap for BP, think US jobs report may help give it a push plus think this will go back to 3+ at some point over next few weeks. Good for short term profit.

Just started looking at this stock, its result etc. From some of the comments seems to be a strong appetite to buy, what are the key reasons you see this as a good investment at current prices? Looking for a good stock alongside my existing portfolio and this potentially stood out. Thanks

After already coming in late at 2.75, i made the decision to come in even later today at 2.85, so my avg buy is 2.80, but do have a significant holding now.

Everything is always a risk, but believe this will only go up as the scandal takes a back seat. Online business is booming and Boo are uniquely placed to capatalise