George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Tell sour grapes to 100's of PI's who got caught out 2017 and have lost money, or only just recouped losses / broken even, or finally made a small gain. You can't possibly know what I paid per share so your figures mean nothing and is a private matter.
I agree the "safe institutional hands" seems fine enough, but couldn't the share be placed from within the company itself? i don't know it that's possible. Of course it's up to individuals on the board to sell as and when they wish to but it's clearly added to uncertainty or the price wouldn't have dropped today. Judging by other responses in the forum no one knows for sure which way this will head in the near future. We don't know John Lyttle's view on this placing with certainty do we. I think the timing of is poor. I'm sure the price will rise but I've been more than patient over the past two years and think it's time to move on.
As a PI of over 3 years, I've now sold all my shares. I WILL NOT BE REINVESTING AGAIN regardless of what happens with the share price next! After patiently waiting to recover losses from the drop after 2017, we've only just surpassed that year's former high and had the rug pulled from under us again. Why not wait a year or more until the price really has developed and got established above £3.00 before placing / selling even more shares? Sheer greed of the bosses cashing in and no qualms in undermining the confidence of the faithful PI. I will invest in a company with more integrity in the future. Small events have overthrown empires, and I think they're taking for granted Boohoo's current glowing status. Everything can change. The share price will likely rise yet, but I am happy to be out and to bank my funds. Sick of the uncertainty, especially with the imminent election and other potential repercussions after that which could impact the SP.
What does anyone think regard the environmental damage caused by fast fashion? Something niggles me about that, and BOOHOO getting slapped down for it some point in the future.
This has become a bit of a nightmare stock for me, stuck without any gains, slight loss (after buying in and out to protect funds / sitting on the sidelines at times, etc. ) since September 2017. Such a lot of anxiety and energy gone into nothing. It seemed a relative breeze before that period (initially in July 2016).
Shorts down from 2.99% to 2.24%
https://shorttracker.co.uk/company/JE00BG6L7297/
I'm aware of what's happening in the world only too well, thanks! A lot of it will eventually pan out very different to the present fears as well. There's a quote somewhere, something like 95% of fears never come to happen. If they do short term then will have to be patient a while as ultimately things will come good!
Up early, trying to save PI's from themselves? What about all the other stocks besides BOO, surely it's fair to warn everyone what with trade wars, Brexit issues, etc.? What's the obsession with Boohoo undermining Boohoo investors?
Guruofnothing, if you're NOT invested why all the concern? I can't believe it's out of selflessness towards private investors. There're other stocks with high PE you could be warning investors about, but you only have posts in the BOOHOO chat forum, and far more than any other members. You've been wrong before as well. If what you state does happen, don't give it, "I told you so." There're greater knowledgeable analyst minds than most of us who don't know what will happen yet with some of the specific things you've mentioned.
An alternate view!
https://eu.usatoday.com/story/money/columnist/2018/12/30/dow-stock-market-outlook-2019/2413248002/
What's your agenda Guruofnothing. We all know markets can change as we've seen from September, but you're preying on PI's uncertainty, which we all have at times, and can't believe it's out of any concern for them losing money. What you say may happen, it may not as well. If it doesn't then PI's are going to lose gains if they act on your fear mongering.
Guruofnothing - you might be right, may be wrong, but why not state your view and be done with it instead of stressing the same thing over and over again like a broken record. It seems like you have you own agenda here, and I don't believe it's out of any concern for PI losing money. It's disrespectful to those holding (which most here will be) to plague the forum with the same angle day after day, saying the same negative stuff. It's particularly negative as it's dragging the forum down into the mire and you don't seem to be mindful of the impact. I've took on board some of your thoughts, not blind to them, but sick of seeing the forum filled with conflict which you are the catalyst. It's fear mongering instead of pointing out genuine uncertainty and possibilities.
Question for anyone more knowledgeable, how come the bounce and so many stocks (in my watch list) despite the global markets still in turmoil? Also, I sold Boo at around 207 after buying in July 2016. I'd like to buy in again, but not be so overexposed this time. What is a, good price to buy in, or is it better to see what the markets are going to do? What are other good growth shares to buy to diversify, without too much risk / volatility with a long term view?