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Literally sound the same as T4G. People expecting this to rise on no updates are delusional.
Just because MA is buying doesn't mean the share price should rise. He's just buying shares on the cheap and taking his chances that fortunes may improve in the future. It's a gamble on retail which hasn't always paid off for him.
The data, newsflow (negative press) or track record over the last two years isn't helpful for Boohoo so why would it rise.
People are here to make money, this isn't a value share or a growth share so investors will get fed up and dump it and earn a better return elsewhere.
Not likely to make waves but the Chancellor has announced an extra £5k ISA allowance where funds are spent on UK equities. Should push the ftse and other UK focused indices higher.
Also is hope that Asos results have no bearing on Boohoo’s share price based on the below.
https://archive.ph/29v9Z/again?url=https://www.thetimes.co.uk/article/04tempus1-s9c9qhn2b
The last thing you would want is a read across.
Well they actually managed to mess up the dates in their RNS:
"ASOS will next update the market with a post-close H1 trading update in March 2023, followed by a full H1 results update in April 2023."
I'd assume something Mid March in that case.
Who said they will be released soon? They updated on 10 May for this period last year?
Do you blame people for shorting? There are no positive updates (and haven't been anything substantial in the last 2 years) and Boohoo have not done anything to help themselves with scandal after scandal.
The only way to win with this is to trade and hope there is some positivity in May with the updates.
Frasers will keep accumulating in the low 30s as a long term holder; just because they are buying doesn't mean the share price should rise. It's still a gamble, much like it was with Debenhams and that became worthless for MA.
I would continue to hold in low 30s and look to sell (or short) in high 30s, rinse and repeat.
This is going nowhere north anytime soon no matter what SCB/ L5 and others want you to believe.
Just closed my short that I opened a few weeks ago. Just shows how predictable this has become and unfortunately the only way to mitigate losses is to trade up and down. I really can't see much happening until May. Please be wary of all the individuals who keep saying this will go to the moon every time there is a small rise.
For a rise to be sustainable there needs to be data to back it. Right now, the market expects BOO to continue to be loss making and a shadow of its former self.
Good results and positive updates are the only thing that will get this moving in the right direction.
Thanks Daytrade. It does actually put things into perspective that Boohoo have not learnt from their mistakes but equally (and perhaps more sinister) the market doesn't care. Half of the allegations took place when Boohoo was making profit. The market didn't care about ESG at all.
If Boohoo suddenly makes a profit, I think they will forget about it again.
It is a sad state of affairs but I think that's the nature of the world. They only care about profit and growth and quickly forget scandal when times are good.
A clear example is after the modern slavery piece, Boohoo hit 430p +!
Every company, if you do a deep dive has some sort of issue with corruption, mysogny and malpractice.
If people want to see change then there needs to be some sort of levy introduced where companies who don't meet ESG targets and are of a certain turnover, receive fines or are taxed a % of revenue.
He already said he was leaving PLT to pursue other avenues. Nothing new Daytrade.
"last chance to buy before this rockets" "buy quick or regret it" "to the moon" "50s incoming"
4th time the same people have said this.
It will keep swinging on speculation but when the technicals are poor and there is little to no updates on progress how can you expect this to rise.
I mentioned my own personal strategy which is paying off and managed to shave a few pennies of my breakeven.
Until May, only way to get anything out of this is trading the swings or hoping that a phantom offer comes through which (based on no positive news updates would be pretty random to come now)
Agree with both of you - the only reason i didn't do the same as BNS is that I don't want to accumulate more at 33p as I've been stung a few times loading up and price dropping. If the share price goes up, I'll still be happy as overall my loss is getting smaller, I just protect the potential downside risk if it does what is has done on the last 2/3 occasions it has risen and subsequently fallen.
How many times have we heard this! No news or progress mentioned and no details of shorts closing nor a TR1. Best to trade your way out of this! I've opened a small short so that I can consolidate the gains between 33p and 39p and bring my break even down from 67p.
Its the only way I feel I can close the gap personally! Each to their own.
What's going on? Seems odd as no news!
It was tongue in cheek and sarcastic on purpose.
Revb capital markets update out today. 11-12m ebitda. Probably better than what BOO will achieve!
And there we have it... The people who got all excited about the share price going up by a few p, hit with a dose of reality.
Until there is tangible positive news this isn't going anywhere.
Best to trade your way out of a loss position!
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.