Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I would like nothing better for this company to absolutely smash it out of the park. My position, I bought back a smaller amount at 40p after selling a big chunk at a loss at 50p. The company has potential and has definitely been on the wrong side of market sentiment but like any investment you need to make the following decisions
1) What is your time frame for holding?
2) Do you believe in the underlying business model and ability to thrive in the future?
3) Can the company weather the storm and navigate itself through turbulent times?
If the answers to the above are yes and you are looking to hold for 1 or 2 years, I think you will do very well. The company has a lot of cash to keep going, Mahmood Kamani is a hustler and global stocks in all industries have been battered.
Big tech companies in the US have lost 40+% and retail across the world has lost a vast majority of its value. Hence, this presents an opportunity for the patient.
If boohoo can get costs under control then the fact that sales are not growing isn't actually a big deal. Profit after tax for 2021 was £93.4m and £72.9m for 2020.
Adjusted earnings per share were 8.67p for 2021! Even if it stops being a growth share due to declining scales, there is incredible value in this stock once they sort out the input costs and improve margin. With increased automation and a US customs warehouse and DC, they are primed to prosper, even if sales don't increase.
For me, this period is all about control and consolidation. It will be a tough one or two years whilst this macroeconomic chaos persists but like every recession, the pandemic, brexit, etc. Shares will thrive. Its all cyclical.
That's my view. I think the good outways the bad and remember the share price hit its peaks after the Leicester scandal came out so the market is incredibly fickle and this will turn at the right time and in line with the market.
I suspect T4G has an issue with what I've said, as he does with everything contrary to his opinion. What a sad man who lives his life policing the board. Makes sense as to why he's come out of retirement three times, those damn shorters.
Agree Reardon, the worst is yet to come for the global economy. For the UK, it will be gloomy, mortgage rates will go up again in November and people will start to feel the effects the gas/electricity increases. I can only see the cost of living crisis getting worse... A large proportion of individuals have fixed term mortgages at 1 or 2% but what happened when these rates come to an end and they have to remortgage? Paying 6% interest a month when you aren't on a fat cat salary will destroy the average Joe. I expect a housing crash in 6 months and all stocks to dip significantly as a result. In a few months time the 20s will become a new normal and we will be waiting for the days for it to reach the 50s and 60s.
It's just the sorry state of the world at the moment.
Hopefully Boo can convert itself to a value stock and hit decent margins through automation but the fact that everything is run through the UK means their input costs are massive and logistics and shipping costs are eroding the margins.
wow wow wow. T4G is still filtered for me but assuming that the below comment is his; did he really say he "made thousands selling on the way up".
He told me explicitly that he thought that selling high and rebuying low (which he has confirmed that he has now done) was immoral and akin to shorting! What a hypocrite. He's never mentioned once that he has sold shares and always maintained he was holding for dividends (which will not come in his intended horizon as need profits to make that happen)
Also, I concur, so what if you're not invested - last time I checked there wasn't a rule banning people from their opinions because they are not invested.
I said before and I'll say it again, t4g does like anyone having an opinion contrary to his own. Better to filter and not engage if you want peace! He doesn't believe in debate, just that he's right and everyone else is wrong and doesn't get that retail stocks are getting absolutely battered the world over.
What has Charles Allen done since he's come? We've heard nothing and corporate governance has weakened since with the board not being strengthened.
Ask yourself why they can't attract more Neds?
Far too many issues with the company which is the larger buyers are apprehensive. The bids were never real, he just wanted to see who was shorting the stock. MM's ego is too large to accept failures - he would rather drive this into the ground then admit mistakes were made.
There was no need for THG to boast highly ambitious growth targets that were going to be unachievable (and arguably stimulated by acquisitions rather than organic growth). Far too many people on this board try to justify and defend him.
Heads up to all you - the market doesn't care, doesn't trust him and doesn't think his methods are sustainable.
I've often suggested on here that management is not fit to run the company across the board - too many individuals have been promoted far too quickly and don't have the experience to run divisions in a listed company.
The only individual of promise is the Vivek Ganotra (ex Salesforce) who is the CEO of THG Ingenuity - the rest are just internal hires who got fancy new titles rather than significant economic rewards.
Just speak to a few staff at THG and read the glassdoor reviews - the company is rotten from within and they just moved too quick too fast - they should have just stayed private and worked on their corporate governance before listing.
Back to 10% shorts... Citadel back up by 0.06% following a 0.1% reduction yesterday.
A lot quicker to go through this thread with T4G in green. Someone must have riled him up today. Then again, given the number of posts, it does seem like business as usual.
Don't think people realise the worst is yet to come for the UK. GBPUSD back down and wait til people start to refinance their homes once their fixed terms come up... 6%+ interest rates will drive mass defaults and a housing crash in 6 months time.
I still believe in Boo but people thinking this will rise rapidly overnight definitely need a reality check.
Put in the drawer and wait til 2024. Very doubtful it will move above 50p before then.
Amann, dovish means they will increase interest rates less aggressively. Not lower them. People really need read more and stop relying on this board for their investment decisions. I hold shares in Boo, why would I try and scare people. Some people need a reality check here.
Lol, this is going nowhere for a while. The market is expecting the Fed to now be more dovish but this can change in an instant and global stocks will start getting dumped again.
That's because your buddy T4G doesnt believe in macro economic movement to the share price. The change in attitude on interest rate hiking by the Fed shouldn't change anything on here according to him.
Only mover are MMs and their buddies...
Ask T4G, probably the MMs causing the rise and helping their buddies and not the fact that sterling is back to two week highs and more positive market view based on US job openings being lower than forecasted. "U.S. job openings fell by the most in nearly 2-1/2 years in August, fueling some to speculate the Federal Reserve might temper its aggressive rate hike path"
"Customers dont give a flying F where the item is they just want next day delivery." - SCB read the RNS from the interims, deliveries to Australia as well as USA were delayed. Have you been on Boo or PLT's instagram - all the adverts are catered to three markets - USA/UK and Australia.
Either do some research or play with your toy train sets. Choo Choo.
Boohoo customers just want next day delivery?... Working well in Australia and USA...
Ok so this is pretty much the first full year Boohoo has ever had debt and DC2007 is pressing the panic button about rights issue. Give it a rest!
DC2007, interested to know - you are saying companies shouldn't use debt to finance themselves and equity financing is the only way out? Can you name a company that doesn't have debt on the balance sheet?
Or you have trouble spelling - its deluded for future reference.
jongle - spell check broken?
tbh wouldn't believe a word of what CS say - they should clean up the mess closer to home!