Member Info for jongle

Did T4G break the Leister scandal on here pre the press going to town on Boo.....???

Surely he was well up to speed before the times piled in and subsequently tipped off via his raft of industry contacts well in advance eh

Why wouldn't shorters have a few ears on the ground T4G........you think they don't go out and get a bit dirty doing research being the amount of cash they could lose if call it badly wrong....

I'm sure a snapshot has been researched by them from whatever means they use to benefit.

Your just trying to confuse a simple matter to make it seem complex ......

"Jongle that is more comedy gold"

Look a bit closer to home T4G as your the expert that has been claiming all these averaging down prices on here only for the stock to plummet even further.........ever thought you may actually be wrong on this one......if suppliers are being cut back on then you would assume its across the board as demand will of presumably come right off the boil .

Very simple T4G to make a quick assumption to validate as to why shorters are all over this like a rat in the short term atleast anyway.

Who paid to place the times article is it this time?

Reardon I have no idea what you are on about.

That article was cut and pasted via a link on twitter...

No snippet shennanagins my end unless it ran further only being able to be viewed if had a subscription......read it again I suggest

T4G it's 40p Einstein and circa 9% short....jezzzzzz.

That was the whole article I thought?

Likely been clocking the suppliers I would imagine for quite a,while and going that extra mile pre the shorts ramping up

Copied via different link ......apologies

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sunday september 25 2022
Boohoo cancels orders with suppliers as fast fashion sales slow
Boohoo has been cancelling and deferring orders from suppliers
Boohoo has been cancelling and deferring orders from suppliers
ALAMY
Sam Chambers
Sunday September 25 2022, 12.01am, The Sunday Times
Fast fashion retailer Boohoo and discount chain Wilko are turning the screws on suppliers as the high street gets squeezed by slowing sales and soaring costs.

Boohoo has been cancelling and deferring orders from suppliers in the face of a sharp slowdown in demand for fast fashion. Clothing suppliers in Leicester, who are under pressure themselves from soaring energy bills, feel they are bearing the brunt of cancellations.

“Boohoo has cancelled a load of orders. We are just here to do the fast stuff and when they don’t need it, they just stop it in its tracks,” one supplier said.

A Boohoo spokesman said: “As is the case across a retail sector currently navigating uncertain demand, we are constantly reviewing our requirements.”

Figures from industry researcher Kantar, published by UBS, showed Boohoo’s sales grew at 7.7 per cent in the 12 weeks to July 22. That growth was less than half the rate recorded by Marks & Spencer and Next. Since then, Asos has warned that sales in August were weak.

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Boohoo has been hammered by higher supply chain costs and the rapid growth of Chinese fast fashion operator Shein. In spite of an 85 per cent drop in its share price over the past year, hedge funds have kept ramping up bets against Boohoo. Public disclosures show short positions have risen to 9.5 per cent of Boohoo’s shares, making it one of the most shorted stocks on the UK market.

Analysts from Peel Hunt forecast Boohoo will report underlying profits of £34 million at its interim results on Wednesday.

Meanwhile, Wilko has unilaterally deferred payments to suppliers amid a squeeze on its cash flow. The discounter told suppliers that payments due between September 11 and October 8 would be made in the following month.

Additionally, Wilko has changed its terms so that suppliers will be paid in a minimum of 60 days. The retailer declined to say what terms it previously adhered to. Wilko blamed the changes on cost inflation, shipment delays and the impact from store closures on the day of the Queen’s funeral.

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Earlier this month Wilko told landlords it would pay its quarterly rent bill in monthly instalments to manage cash flow as it stocks up for Christmas. The discounter is working with debt experts from Interpath Advisory on a refinancing.

Maybe an insight to the 9% short but can only see the headline so am guessing

Of no interest to zz as will be a fud article I guess if negative

Behind paywall if anyone else has subscription?

Boohoo cancels orders with suppliers as fast fashion sales slow | Business | The Sunday Times
https://www.thetimes.co.uk/article/boohoo-cancels-orders-with-suppliers-as-fast-fashion-sales-slow-c3r90nwfd

Come on T4G and do explain why the market from the topped out 4quid plus is now valuing boo at 40p.....prehaps you cant see the current share price in your own distorted view on the as is here and now.......this will be interesting as to your explanation against the market valuation to trade it... why is it circa 9%+ short T4G???? Do let tell us all as to why being your so ahead of the game here

Yip clueless and confirmed in his response....is it 4quid ?ermmmm nope!

You just sound all bitter T4G

Why is it 40p T4G ?do share sunshine

T4G comic as it's 40p ......clueless

They have an awful lot to prove now as have had the shine in the spotlight being lorded up as the golden ticket share......

That's thing here as Boo are gonna take a while to (if) return to growth .......market will batter a company not upgrading year on year smashing it out the park hence what occurred here along with all the other headwinds out of Boo's control.

Second you hear "Boo is a high growth company" is normally the peak of that growth.

Price says it all at the moe and unlikely Boo will be part of the next market bull runners ......gonna be a slog imv .

Summers suggested that tighter US fiscal policy could be a help, by reducing the burden currently placed on the Fed to fight domestic inflation.

If Washington put “more emphasis on fiscal policy and less on monetary policy, that would create a policy climate of somewhat lower interest rates and probably wouldn’t mean quite as much upward pressure on the dollar”.

As for the Fed, Summers reiterated his endorsement of their hawkish shift on Wednesday, and noted that chairman Jerome Powell has become “increasingly clear” in recognising that the necessary medicine needed to defeat inflation involves a recession.

Managed copy it :

Larry Summers warns pound may tumble below $US1 on ‘naive’ UK policies
Christopher Anstey
Updated Sep 24, 2022 – 6.22am,
first published at 4.47am

Former Treasury Secretary Lawrence Summers blasted the economic policies being adopted by newly installed UK Prime Minister Liz Truss, saying they’re creating the circumstances for the pound to sink past parity with the US dollar.

“It makes me very sorry to say, but I think the UK is behaving a bit like an emerging market turning itself into a submerging market,” Summers told Bloomberg Television’s “Wall Street Week” with David Westin.

Summers: “”It would not surprise me if the pound eventually gets below a US dollar.” Bloomberg

“Between Brexit, how far the Bank of England got behind the curve and now these fiscal policies, I think Britain will be remembered for having pursuing the worst macroeconomic policies of any major country in a long time.”

Truss’s government has set out the most radical package of tax cuts for the UK since 1972, reducing levies both on worker pay and companies in an effort to boost the long-term potential of the economy. Economists are concerned the package is unaffordable and will trigger a currency crisis over concerns about rising debt.

The pound on Friday slumped to its weakest since 1985, trading at $US1.0908 as of 3.52pm in London.

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“It would not surprise me if the pound eventually gets below a dollar, if the current path is maintained,” said Summers, a Harvard University professor and paid contributor to Bloomberg Television. “This is simply not a moment for the kind of naïve, wishful thinking, supply-side economics that is being pursued in Britain.”

The former Treasury chief also flagged dangers with a surging US dollar, which is adding to inflationary pressures for countries around the world and increasing pressure on overseas borrowers that have issued debt in the US currency. He also indicated that dollar appreciation -- fuelled by the Federal Reserve’s shift to a more aggressive path of interest-rate hikes -- may continue.

Dollar pain
“This is going to be an issue that is going to be with us for some time,” Summers said. “Countries are going to have to be adjusting to a very strong US dollar”, and it will complicate macroeconomic management in may economies, he said.

Japan’s resort to intervention to prop up the yen -- which is heading for its biggest annual decline on record against the dollar -- isn’t the right approach, according to Summers.

“When you’re intervening against the trend, when you’re intervening against the direction of monetary policy -- which is certainly the case in Japan -- your intervention is as likely to create opportunities for speculators as it is to really be effective in changing the path of currencies,” he said.

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Summers suggested that tighter US fisc

If dont open then Google it ie "Larry summers pound dollar " etc

Good read imv

Larry Summers warns pound may tumble below $US1 on ‘naive’ UK policies
https://www.afr.com/markets/currencies/larry-summers-warns-pound-may-tumble-ast-us1-on-naive-uk-policies-20220924-p5bknb