Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Think people need to get a grip and hold on the premature celebrations. Boohoo is a mess and needs some positive news to propel forward. I can see this dropping back to the low 30s again as there is nothing apart from hot air and unsubstantiated rumours behind this rise.
Yesterday's RNS was incredible wooly and will not prop up any further rises for long in my opinion without some supporting evidence.
The CFO is an insider. Works at KM Capital (CEO is Adam Kamani, Mahmud's son).
He had however been involved in a few IPOs.
Some smoke and mirrors here with the brevity of the update. I wonder if we are actually seeing a shift in operations to the US and out of the UK (especially with the closure of facilities and factories).
To not give the market a full financial update until May is crazy and the share price will continue its downward trajectory no doubt. More pain and wait for shareholders.
With Shein's valuation and cash it will get from public markets, surely it's a no brainer for them to take out any competition and build its own book and dominance for cheap?
Even if they think that Boohoo or Asos is badly run, they would have access to all their brands and customers.
With a combined market cap of less than £1bn, Shein could take both out for a 100% premium and dominate the entire market...
With a valuation as high as theirs, I cant see why not? Spend £2bn and dominate the world!
Happens every time. Rampers get excited by a little bit of movement. It's at 34p. The share price is embarrassing. The share price is going nowhere any time soon until the business improves which I don't see until 2025. There are too many negative factors the board need to navigate through.
Rampers please stop embarrassing yourselves. Wait til the share price returns to 50p plus before making noise. It's at all time lows now, shorters aren't getting burnt, they've shorted this all the way down and made a fortune. They won't be crying themselves to sleep.
What happened to T4G?
Lol, if anyone reads the chart from after the news on the modern slavery allegations was released, it shows the share price actually went up in the months after and institutional investors would have made money from the share price. The current share decline is due to the fall from grace post Covid, supply chain issues, weaker margins, higher input prices and declining sales. The forced labour issues were ignored by the market (clearly as the share price went up after this rather than down in 2020 & 2021)
Choose your sources to suit your narrative...
https://www.hedgeweek.com/top-50-hedge-funds-outpaced-sp-500-more-3-over-past-five-years/#:~:text=This%20year's%20Top%2050%20Hedge,Uhlfelder%20discusses%20the%20key%20findings.
Not sure which hedge funds you follow but my clients work in that sector and PE, I beg to differ.
Citadel for one make an absolute killing year on year.
Citadel must think this has further to fall if opening a short at 28p (price yesterday). Hedge funds have unlimited resources and analysts who know much more than me and you. That said, I still don't know why Citadel bought nearly 9% of Boohoo whilst it was in a downward spiral - so they don't necessarily always get it right.
.
I sold at 50p making a loss and bought back at 40p - b/e (to recoup my initial loss) is 66p.
That's all well and good but you need to adapt to survive. Boo have made poor strategic decisions and have got a bleak outlook. If they start to go out of fashion, where's the value if there's no growth in sales.
We can whine all day about shorters and market manipulation but I said before that the company is the cause of their own downfall.
Can't keep blaming external factors like Covid, supply chains and cost of living crisis when Next, Marks and Frasers are flying.
The board have got it wrong and the share price has been on a downward spiral for two years and it's too late for any correction.
We needed a positive update yesterday to change the direction of the share price and the dressed up profit warning did not help one bit.
Nothing for investors to cheer about and that's what shorters do, drive down the price until the share is at its true value.
With no tangible updates or improvements in the near future, the share price is doomed. Yes, they may have enough cash to survive but with constantly declining sales, they will become a casualty like Arcardia/ Debs.
Management will start to depart as any incentives are worthless (only kick in from 90p from memory).
It's a sorry state of affairs and lack of BOD purchases make this simply uninvestable for new investors.
I am dreaming of rumours of a takeover, only way to get out at a decent price. Failing that, boohoo should start to consider a tie up with Frasers to start selling in store as pure online just isn't working.
*grammar
Daytrade, tell mommy to take you to school now, it's getting late.
You have already showed you have an inability to spell. Maybe go and learn to read and actually read posts contextually.
The post in context was in fact suggesting to rampers that the price would not go to 60p as had been suggested on that day and that a meaningful update would be required to rerate the share price.
Since my post which you kindly went back to, the price went down to 32p mid August, went back on 1 September and back down to 32p now.
Go back and see the charts genius.
Now hurry on along, mommy is waiting.
Daytrade clearly affected by the cost of living crisis by feeding on crumbs.
Funny how my post started with Asos being down 2.5% and ended with them only being down 1%... Patience required.
Asos now only down 2.5%. Clear that doom and gloom merchants drove it down further in the morning. What happened to revenue vanity and profit sanity? If a company is showing a path towards better margins and profitability there is definitely some positivity in that. From a strategic point of view, they already mentioned that this would be their focus.
From Boo's perspective, the results have hardly hit their share price. Next week will be an important update and with hope on some more news on growth in the middle eastern, Indian and US market and a positive forward looking statement, there is no reason why this should re rate. The narrative needs to be that the worst is now behind them so they can start the journey upwards.
No point in looking into the crystal ball, next week isn't far away and both sides have hard facts to support their views.
Day trade clearly still a novice. Boo has turned blue and Asos now down 1% at writing.
T4G why are you being so obnoxious because people show a different view to yours? Bon Scott hasn't actually said anything untrue.
PP1, you have been quite selective in what you have quoted to suit your agenda.
People should visit the Bank of England website or Trading economics to get the full narrative.
nited Kingdom Interest Rate
Summary
Calendar
Forecast
Stats
Alerts
The Bank of England held its policy interest rate at 5.25% on September 21st, keeping borrowing costs at their highest level since 2008, as policymakers opted for a wait-and-see approach following the latest inflation and labor data, which suggested that the accumulated impacts of previous policy tightening might be taking effect. It was the first pause in policy tightening in nearly two years, following the central bank's unprecedented 515 bps hikes. The Monetary Policy Committee voted 5-4 in favor of holding rates steady, with four members advocating for an additional 25 bps increase. The central bank also stated that CPI inflation is expected to decline significantly in the near term, reflecting lower energy inflation, despite renewed upward pressure from oil prices, and further declines in food and core goods price inflation. Policymakers have reiterated their commitment to tightening policy further if deemed necessary. source: Bank of England