Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Steveknowsnothing - completely agree. The board couldn’t, and shouldn’t, be focussing in the short term noise.
Always take shorters here with a very large dose of salt when they question Boohoo’s ability to grow sales. There’s no doubt that there are uncertainties with regards to Boo, as there are for every company, but one thing I have absolutely no doubt of is that Covid 19 has rapidly accelerated a trend towards online shopping that was already inevitable.
Low cost, fashionable clothing backed by celebrity influencers and available quickly and easily only is just a perfect recipe for success just now, and over the next few years at least.
It does seem very dubious.
I would add as well that publishing a research note (I use the term loosely) that talks about things like body language is incredibly unprofessional. They should be based on material, non-public, factual information and not the interpretation of body language by someone completely unqualified to to do.
This.
If the board are bothered about the short term share price or market reaction to what was an excellent set of results, then they're not doing their job properly. It's the board's job to provide those results, not ensure the market reacts as it 'should'.
I would say this to everyone who was a bit underwhelmed today - completely normal to feel that way when expectations aren’t met. Look at it this way though - the company who we believed in yesterday, is doing better than we all thought they were, and is now available at a reduced price. We’ll
Have some up days, and some down days. Ignore the movements in the share price as best you can and focus on long term fundamentals.
We’re in a very good place.
One of my favourite random instagram hotties just posted a few stories linking her outfits to BoohooAU!
BoohooAU has a pretty tame 40.8k followers. Hildee in the other hand? A whopping 3.7m
Very nice bit of exposure in a market we’ve barely scratched the surface on.
I think the bigger issue in the whole 'slave trade' investigation won't be what Boohoo finds, it will be how it's perceived publicly to have tackled that issue.
Ultimately, the results of the investigation were presented to the board a couple of weeks ago. I would expect them to have a clear roadmap going forward that explains exactly how they're going to tackle any wrongdoing. They're astute enough to know that this issue can't simply be left unresolved, and that as long as no clarity exists, it's the biggest obstacle to them achieving their long term bonus.
My money is on them having something that provides that clarity, and the market reacting well to it, alongside very strong results of course.
Interesting to see a bit of a pull back in the share price ahead of results. Gamma are a company that have capitalised on the covid/lockdown situation an I expect those results to be ahead of expectations.
SLA are a terrible asset management company in my experience, and their handling of the Boohoo fallout only lends itself to that belief. Long history of nepotism and ‘jobs for the boys’ in Edinburgh, unfortunately, that has cost the company and shareholders dearly while damaging fund performance.
Been in for a while. It was clearly oversold and the recovery is welcomed.
A bit cautious on this now. We’re verging on the overbought territory now, imo. Unless we’ve seen material change that I’ve missed.
Out for now but will keep an eye on the SP and possibly come back in if it falls back.
Interesting day. Imo there's been a large seller, disposing in tranches since the factory news was released. That was the main thing holding suddenly pulling the share price back each time it crept over a certain threshold. Wonder if that seller has gone now...
Wyndrum - there was no hit of smugness in my post and the lack of reply should be interpreted as nothing more than me being at work.
I wasn't suggesting that trading is bad and investing is good, merely that they each have similar objectives, but each has different ways of meeting those investors. I would suggest investing is more of a long term play, where the investor to news rather than short term price fluctuations - hence why I would say it's reasonable to re-assess any investment after the publication of new results. A trader on the other hand, would be more likely to look to take advantage of intra-day market volatility. Both strategies can of course work, but it's likely to be much more manageable for the average retail investor to simply implement a buy and hold strategy, rather than play the zero sum game of trading vs institutional investors behind a Bloomberg terminal.
I find that LSE can be separated broadly into investors and traders (and shortest of course). Feels like traders are more vocal on this board, but it’s usually long term investors who win out.
The Boohoo play is simple just now imo. Invest an amount you’re comfortable with, wait until the September results and investigation results, and reassess from there.
There are 100+ posts with the #boycottboohoo in instagram. For competitive purposes, there are:
18,800 boycott Starbucks
29,200 boycott China products
50,800 boycott sea world
25,500 boycott Bollywood
147,000 boycott Israel
Anyone thinking that the recent bad press will have a lasting impact on sales figures simply doesn’t understand this industry, or more specifically doesn’t understand Boohoo’s target market.
What we’ve seen in recent weeks, and may well continue to see, is institutions dumping shares. ESG is playing an increasingly important role across all funds, not just those with a sustainable/ethical angle. There are a finite number of shares these institutions can dump obviously.
At some stage, fundamentals will win out, and when they do, the share price will more accurately reflect those fundamentals.
The game - it is worth mentioning that those numbers are reflective of right now. As in, shortly after midday in the US currently.
I had posted about trend slowing over the weekend and towards the beginning of the week which was great to see. Now though, it appears to be gathering pace. I’ve been trying to looking at the same day from the revision week as a comparison.
Hopefully we see a slowdown soon, but with the idiotic orange baby in charge you just never know.
I’m all for #kanye2020