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Boohoo still has 'uncertainties' ahead of prelims
10:15 Fri 12 May 2023
Jai Singh
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Boohoo Group PLC
AIM:BOO
Boohoo
Boohoo still has “uncertainties” around its investment case ahead its of preliminary results next Tuesday.
Analysts at Deutsche Bank lowered its target price to 45p from 50p for the online retailer, although it retained a 'hold' on the stock.
The investment bank believes boohoo, which is trading at just 10% of its peak value in 2020, is now competing in a much more competitive market.
Like competitor Asos, boohoo has decided to focus on profits instead of sales, a move the broker questions.
Boohoo’s ‘buy and build’ strategy has masked some of the weakness in its core business, Deutsche Bank added.
Further clarity on this strategy in Tuesday’s prelims would help the investment case, although Deutsche Bank concedes acquisitions look unlikely at this stage.
Full-year 2024 underlying earnings estimates have been reduced by 17% to £78mln by the bank.
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Ondo Insurtech raises cash for LeakBot roll-out
11:37 Fri 12 May 2023
Philip Whiterow
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Ondo InsurTech PLC
LSE:ONDO
Leakbot
Leakbot
Ondo InsurTech has raised £815,000 from an oversubscribed placing and subscription after an approach from a major shareholder.
Standard market-listed Ondo said the shareholder wanted to provide additional working capital to support the deployment pipeline of the LeakBot water leak spotting system.
Shares were issued at 12p a share with a matching warrant issue exercisable at 20p per share for 3 years.
Chairman Mark Wood took up 133,500 ordinary shares, non-exec Andy Morrison 200,000 and Kevin Withington, Chief Financial Officer, 20,000.
Craig Foster, Ondo’s chief executive, added: "We are very pleased with the development of the business which has met and then exceeded expectations set at the time of the RTO and we are delighted with the strong support of existing shareholders in this fund-raising.”
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Binance founder wants out of the US market, and for good reason
13:48 Fri 12 May 2023
William Farrington
Binance chief Changpeng 'CZ' Zhao
What is to be made of Binance founder Changpeng ‘CZ’ Zhao’s determination to reduce his stake in the US segment of the company he founded?
A report from The Information on Thursday quoting “people familiar with the matter” discussed how CZ and Binance.US leaders are discussing ways for CZ to exit his position in order to improve the
Not bitter or angry T4G and merely pointing out you've been wrong all the way down reg the shorters
Dodge and gaslight it all you want but it is a fact.
Oddly you hung on whilst this got battered down to 31p .....wtf does that say about your analysis reg shorters ??
You could not make the stupidly up as it is just beyond comprehension with you T4G
Keep selling it T4g with the exact same speel you had been bleeting out when the stock was 300% higher than what it is now reg the shorters.
The shorting analyst trying to play the bigshot yet was clueless it would plummet to 31p and tried to convince the board that when Wace had first reduced well north from here then the subsequent bottom was in......they then added again at a later date.
He's been utterly clueless all the way down reg the shorters
Yes T4G you're the shorting expert ......track record of cracking advice albeit your fluffed about take as ever.....and your still at psml adter the plummet.......embarrassing chap and clearly clueless as ever
trading4good
Posts: 10,186
Price: 123.40
Strong Buy
Shorters conundrum30 Dec 2021 18:40
Encouraging day today with a massive UT.
Must be very worrying for the scavenger scum. Looking at the day chart on HL they put through some massive sales at key points in the day.
Yet the sp kept bouncing back.
I wonder if they are starting to worry
Still holding tight at number 4 on the top 5 most shorted UK plc companies according to shortracker.
Wonder how you gaslight that one away when have a butchers at asos to boot.
No doubt T4G and Southy will try to fud engineer it in a comical way ramming it down the throat as "nothing to see here" followed by the sales platter
Needs a 35% gain from here level5 to get back to me last sale chap.
Silly jongle eh and out in decent profit dabbling on quite a few trades playing the volatility in the 50s.....prehaps try it next time as might cheer up you dross gag attempts and then have some reads of investing cube and inezz to help ya with your random off the wall "60p end of week" "blue boo" "buy boo" cobblers ........do keep up
What happened to that 31p supposed buy that you acclaimed would be top slicing on the way up for a modest trade
You started banging that around in the 40s.....it went to 60 lol
The trade that never was yet again in the world of T4G
You tell em Tradey.
Not that you've tried propping this up all the way down eh whilst screaming at anyone with a differing view citing further to fall giving good reason.You got it wrong "SIMPLE"
"You embarrass yourself with your personal attacks on actual investors here when you have proven yourself to be nothing but a fool"
I went out at 53p T4G and told you I expected sub 50p to hit then if it landed below the 200mda and took out 45p beneath that then 40p was on the cards....its now 37p oh oracle one whilst youselft tried to rubbish any differing view to you as being "fud"
You are a clown and a board embarrassment trotting about trying to silence folk and getting it wrong again and again on here
After the abuse you've hurled at folk on here for having a differing view to you.....comical T4G and its sub 40p again......on your rampy nothing to see watch blaming the market as ever
Today's drop should teach you a lesson to wind your neck in lecturing folk on here day in day out.
Dead cat well and truly done now ...
Just after T4gs acclaimed top up but we all know he's fibbing so it hardly prodfinh him with a stick along Southy in cahoots
What a right pair they are
What's happened to that know the lot paranoid Gimrip bloke on here ?....all mouth no trousers eh