Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Yes my guess was that they'd release both together, but I much prefer the move to announce this update today and then results next week. That seems a pretty good way to get momentum building!
To me, that reads as one of the best responses I could have imagined.
The BoD have taken responsibility for what they should have and gone above and beyond in their response to improve the company and the industry as a whole.
I hope the market agrees and holders can go into the weekend very happy.
Where can you see the ratings?
I'd imagine that's a pretty good guess Andy, the closer we get to 30th the more leaks will happen.
Great to see a 6% increase so far today. I really hope it maintains the price over 320p - it really should. I'd hope for 350p+ by 29th. That's only another 6% increase... doesn't feel too much to hope for.
Now I agree with GGGG
I'm not sure I understand that a lockdown/increase restrictions is a great thing for BooHoo. Yes - market share will increase as (we can all agree) the high street is completely dead, but most high street brands have an online presence, so just because the sales move online doesn't mean they move to BooHoo.
A lockdown/increased restrictions, especially with furlough coming to an end in the UK soon, means less disposal income for many, specifically the young - i.e. BooHoo's target market.
A lockdown means less social events, less going out, less getting dressed up, etc, etc... there's only so much loungewear people need, unlike people buying a new outfit every weekend. Loungewear is also know for being the lowest margin products I believe.
There's lots of good things to see when looking at Boohoo, the expansion into US and Middle East for one, but I don't see increased restrictions in the UK as a huge positive. Am I completely off the mark with that take? Quite possibly - I'd be interested to hear from others.
Before people get angry, I think Boohoo is still underpriced, and is a company that will be a COVID 'winner', and the share price should rise from here.
Wyndrum, that wasn't quite the point I was trying to make. My point was rather that having a balanced discussion and acknowledging that even a good business like boohoo has risks shouldn't effect the share price. I'd hope PI, especially those with 5 figure + investments are basing their investments on more than this BB.
Welcome to 2020 Wyndrum - people can't have a balanced debate / discussion without being accused of being at best a 'dereamper' or at worst - an idiot.
I think people believe the discussion on this board have significant impacts on the share price, therefore anything discussion that has a negative tone needs quickly shooting down otherwise people will lose money. I don't agree with that at all.
I think we all understand that as a online business, any future lockdowns wouldn't negatively impact Boohoo's sales directly. The problem is, the share price isn't only impacted by Boohoo's revenue figure. If we have another national lockdown in the UK the overall financial markets will suffer, and inevitably that means Boohoo's share price will be negatively effected.
I don't think Boris himself knows if/when a national lock-down is coming, the government are talking it down as much as possible, but a lot of scientist seem to think it's inevitable. The WHO are making a lot of noise, and the message of the BoE seems pretty negative.
With that being said, if things don't get worse in the wider market between now and 30th, I can still see the SP backover £4+. That's my hope. But dismissing peoples concerns seems naive in the current market. If things get worse, who knows where this goes. I wouldn't like to think below 300p would be an option before results, but I'm also not getting ready for lift off.
I'm not de-ramping - I'm just trying to have a balanced discussion. I'm still of the opinion this is a buy, but I'm nervous.
All signs are looking promising - exciting times.
Interesting that todays opening price was 310 - is that the definition of a tree shake...
I think the US numbers are the most interesting. If the % increase continues to grow into Q2 it would be very exciting.
I don;t disagree with a lot of your point but I think assuming 50% growth is conservative is unfair with the forecast being 25%. I'm not saying it's not going to happen, I just don't want to down play how amazing a 50% growth would be.
I also think the SP is currently weighed heavily down by the minimum wage issue. The way the BoD resolve that will impact the price significantly and could be a key driver to seeing £4+ very soon.
I don't think the SP has increased due to the speculations on New Look - Asos share price has increased in line with Boohoo so far this week, which makes it look more like a market trend.
As the acquisition isn't priced in, I don't think a lack of acquisition would impact the SP.
We'll find out one way or the other soon I'm sure.
Must be tough for the landlords - sign a crap deal or risk finding a new tenants in the current climate. My guess would be it'll get approved but I hope I'm wrong.
"Hearing New Look expects its CVA to be approved today, effectively allowing the co. to skip 6 months rent and significantly reduce future rents."
https://twitter.com/SamChambersDMC/status/1305825728454365186?s=20
Shame - a takeover would have been great for Boo SP IMO.
Jonathan Eley seems to be the journalist in the know on this one. The CVA meeting started at 11am.
https://twitter.com/JonathanEley/status/1305760812485824512?s=20
It's been a strong start to the week so far. Very good to see the SP push past 310 in the early trading. As always, it doesn't go up in a straight line, but the trend has me excited!
A news story today which is slightly less speculative than the ones over the weekend could really accelerate us. I don't want to be out of BooHoo between now and 30th.
Yes the rumors appear incredibly speculative. I'd love to see the share price jump up 5% on opening as much as anyone but it looks like it's going to take more than this non-story to break the current range.
Buffet - makes sense and I think that's fair. It will stick in this 295-300 until it breaks either way - the odds of it breaking upwards is significantly higher than breaking downward - Buy!
I could see the argument that if the news is significantly negative they will need to report straight away. All these cases are based on the SP dropping significantly. However, with positive news I see this as much less of an issue.
The RNS on 28th July stated 'The Group will provide an update on the findings of the report with its half year results for the six months ending 31 August 2020 on 30 September 2020.' That seems clear to me when we will get an update.