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"NMW has been given a boost"
You must be joking mate, UK rents are rising fastest in 13 years that the biggest outgoing, coucil tax UP 5%, barbers is charging 50% more to me, clothing has no discount (unlike last year), what other evidence do you need.
And far far worse to come, inflation will far outpace rise in minimum wage.
If you search for keyword "margin" on this page, you find the source of my statement on Primark margins i.e. above 10.5% H2 and above 10 next year.
If you search for keyword "container", you will find John Bason statement
George, if I could just say one thing. Everybody asks us constantly about sea container freight. But just to say that we have basically contracted. So the guidance we are giving you is with costs that are -- we know through October 2022.
"Possible further lockdowns looming, face masks deterring people from shops, an Xmas trade this has been pulled forward months over supply concerns."
Don't believe the noise mate go out to the streets and find out yourself here is an example from two days ago from Sicily in Italy https://twitter.com/AbfInvestor/status/1466504111717859346?s=20
"Primark probably less than 3%."
Primark did 10.5% in H2 last financial year and is forecasting above 10 next year provided stores stay open ofcourse.
Please read reports rather than typing gibberish all day here. Their ocean container contracts prices are fixed till Oct next year and this forecast of margins include that.
Boohoo and ASOS like to gamble so they have fixed got fixed price contracts with ocean container carriers or air logistics providers now they are stuffed.
Boo are forecasting margins in excess of 9%“
Trading you sound such a novice
I am sure you know they were guiding 10% margins at the start of the year then lowered it to 9.5% and then further to 9% in last results
Market has no confidence in this prediction either as their business model is flawed for a stagflation environment like currently
Margins are going to get worse just wait for the next result
Only deluded holders like you can believe what boo management are saying
The reason why John little has bought any shares is because he feels unsafe in his position and could be gird soon
Just watch analaysts will lowering their target price further
“ He apparantly did quite well , despite "not having a clue" in some areas he ventured into”
We all know how well his space venture is doing ie lying about going to space :)
I doubt he understands where space starts
But Boo had guided lower margin in the last results
Just imagine how bad this company's business model is compared to competition.
Follow the above retail analyst to understand how the margins are playing in various US company reports.
"Kallu - please can you explain ABF’s 6 year bear market - when will it ever stop?"
The market expected more growth than it was ready to deliver and some problems with Sugar market
Those are all resolved now and that is why I bought
It will be growing 5 times in 5 years in US which other company will do this
And while it is at work I will enjoy my special dividends and share buybacks.
Remember than ABF only gives 1/3rd of income in dividends and buybacks, 2/3rds go into growth and back into thte business so that compounding has to come through in the next decade i.e. the investments it has been doing int he past 6-7 years which hasnt' showed up in the share price yet.
And example of problem that ABF faced is a E10 plat it had built with partnership with BP, they had to close the plant down due to government dithering, in two months time that plant will be opening back up and supplying E10 to UK and making good money at the time of very high oil prices
It's amazing business mate almost a monopoly in every category it operates.
"Boo's core market, the 18 to 30's,"
Mate please have a look again at the video I posted above of yesterday Sicily queues for Primark, majority of them are 18-30 year olds, shops are open now so people are going in shops.
"projections to grow"
The reason why sp tanked is bevause they came short on the projections they promised before the last set of results
Projection are just that projections ie.. finger in the air, nobody knows how the consumers will behave
It's even harder for a business that has not been around for very long compared to something like Primark which has been trading over 50 years
They projected more sales growth and margins but guided lower and my bet is that they continue to guide lower and lower as the shops have been open now and parties are being canclled and supply chain pressures persist
Primark container shipping contracts are in place till Octoer next year, this is not true for smaller operators like Boohoo and ASOS and that is why they suffer
"I can only assume that you have no idea how Shorters work. Shorters aren't guaranteed buyers. Not until they have lied and cheated and sold what they don't even own multiple times and made their profit by ripping off weaker people."
Who is lying and who is cheating is a very subjective thing and anyone can claim you or Kameenas are doing the same.
The lied that they would have 30% growth and they could not, they lied higher margins and could not keep it.
Shorters are guaranteed buyers
If you have faith in the Kameenas then keep the shares and you don't lose anything
If you don't have faith in the them then like me don't buy or sell your holdings it's as simple as that
Nobody is cheating.
Marshall Wace researchers are hardworking people just like you bought because you met Kameenaas and liked them
They have done their research and don't like them and want to sell the stock.
Where is the cheating?
"Mask wearing is a pain whether one believes in its efficacy or not. Online will get another booster jab due to the latest developments. How much that helps BH, is hard to say right now, but there is no reason to believe it won't have some beneficial effect."
I don't think you understand that people are learning to live with this pandemic and the masks now.
If you want an example here is one from yesterday's Primark's 400th store opening in Sicily, Italy, thousands of people queueing to get into the Primark with Masks on.
People are just fed up with the online experience, they are queuing with masks on
ASOS have warehouses in US and Europe while Boohoo does not which makes their US, ROE and ROW operations more of joke
Like I have said earlier if you want to value Boo, ignore all the US, ROE, ROW and make the market cap one times 2019 revenues in UK
Most punters on here don't know how to value they are just watching share prices all day thinking if something goes down it will come back up :)
"Nevet been seen here before, never invested only here to scare people and help their short employers rob us.
Today is a text book case of why shorting should be banned.
They will be gone by the next trading update, off to scare another share.
These are just deluded people Trading4 good claims he bought Boo for 40p so why is he complaing at 160p?
if trading4 good is a really long term investor he should be welcoming shorters, who are guaranteed buyers of the stock.
i don't really understand this argument that shorters are robbing him
If you don't sell you don't lose anythings especially someone who is claiming to have bought at 40p
To retry shocking that THG is not even technically capable of handling the systems integration of this auto store implementation they need a 3rd party element logic which is a auto store partner to implement
Guys THG is nowhere near a tech company it’s run by accountants who don’t have a clue
""Anyone want ro do a coordinated buy of shares tomorrow. "
Gamblers are getting desperate here."
I am happy to take a punt with 0.01% of my portfolio once the share price drops below 50p. I just have to patient like I have been since 350p+
"What about the reintroduction of mask wearing and people not fancying spending time in a primark eh?"
As I have said before Primark has other clothing likes for e.g. for Children and home is also selling very well, so they are covered. Most Primark stuff is so cheap that consumers don't even bother to return.
Add to that ABF has a major food business which in cases like this gains sales and profits to compensate for people not going out.
I think you guys will need to wait out a few years till the Christmas parties start back in full earnest.
As Dan90 once asked now that Boohoo has been rerated how long is long term. My gutfell feel is it will be rerated down further. I am waiting for the day when posters on this board turn bearish most are still bullish. Once people like trading4good turn bearish on Boohoo then I think it will be a perfect time to buy Boohoo.
We have already seen change of behaviour from most frequent posters like Dan90 and Ragtrade who appear much less often and there are few players giving up.
It's looking positive for going sub 100p soon. Mind you soo many other posters challenged me it won't be below 300p and then it won't go below 200p but I have always maintained I will have a look at Boohoo again after it's valuation is one times 2019 revenues which is less than 100p
All the best.