Member Info for JeremyP

Https://amp.theguardian.com/business/article/2024/jun/09/stop-shein-listing-on-the-ftse-workers-rights-campaigners-urge

Https://www.thisismoney.co.uk/money/markets/article-13508629/amp/British-Fashion-Council-warns-Sheins-planned-50bn-float-Stock-Exchange-significant-concern-industry.html

Ben zero chance this is listing!

Not only is it impossible to make a proper judgment on the allegations against its supply chain, but also there are risks to its business model from the closing of the customs duty loophole and an opaque governance structure. One to avoid, unless the prospectus can properly answer all those questions.

Here is another big risk. The two congressional sub-committee investigations into Chinese fast-fashion imports have focused on the broad exemption from customs duty that companies such as Shein enjoy thanks to their shipping hundreds of thousands of small packages, rather than single large consignments. If the rules were to be changed — and the European Union is looking at the issue, too — Shein would lose some of its price advantage.“

And there you have it folks…

Https://www.thetimes.com/business-money/companies/article/sheins-appeal-may-fade-under-a-harsher-spotlight-xrs2f39bk

Another ridiculously low volume day coming up…162k traded so far! Crackers! Zero market here…

Looks like the trolls don’t like the press giving Shein a hard time!

“London Shouldn't Want a

Shein Hand-Me-Down

Investors could face numerous risks, and the valuation is flimsy”

Bloomberg

Can’t see it happening SPk

158 trades today normally between 500-800….

700k traded on for a record low day

I said this last week….chinese containers being inspected by US customs this will add extra time on to their delivery times and force them to go to air freight (extra costs). Consumers won’t stand for 2-3 week lead times.

Https://www.reuters.com/business/retail-consumer/no-tariff-shipments-popular-with-shein-temu-hit-us-customs-speedbump-2024-06-06/

Yep this one is going nowhere!

Can’t see it happening

FT headline…

Don’t understand why Eleva aren’t reducing given interest rates will be reducing, oil is well down and energy prices are so low.

Chip paper L5

Even the shorts aren’t interested here…