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They have there problems , I had some family over at the weekend interestingly they work for shein in the warehouses. They generally say rubbish place to work , poor warehouses . Chinese managers steal a lot of the branded goods . All drive flash cars .
Staff are all paid but they make you work hard and fast .
Returns are crazy mainly due to poor quality. He said items just do not last .
So I asked them where they get the clothes from , asos and boohoo .
Shein is a massive potential but have a long way to go .
This should not be struggling to hit £1 . We have been at this range for some time . I hope this is not its true value as £1 would be seen as a decent value from this point . Same applies to asos Dnt know if they will hit them highs again or will take a couple of years .
Can’t believe this is a £1 scenario.
https://www.drapersonline.com/news/boohoo-group-we-are-still-in-our-infancy-of-sustainable-fashion
They need to step up and move on with esg . This needs to be at the end stage for big investors to jump in . Otherwise this range will become the norm.
Only above £4 . Whenever that is enjoy and good luck .
If it can go down to this within 1 year going up above £4 with 2 years is also possible. Anything can happen merger big buyout out . The owners Dnt lose never have they have good history this is on the verge of becoming great . Yes it takes time are we on the right path I think yes . So let’s keep walking .
Boohoo model is only getting better . Profits and growth are proof . They are in the process implementing ai technology into manufacturing. This will keep production costs down and competitive. Quality will be improved as machines Dnt really make mistakes hopefully this will assist in less returns .
https://news.sky.com/story/next-warns-of-acceleration-in-price-hikes-and-85m-sales-hit-amid-russia-ukraine-conflict-12573819
More customers to boohoo .
March was always the month for all shares to start recovery . I think we will see quick jumps now and I can’t see this dropping much uptrend is in motion. If it drops won’t last long Maybe 1-2 red days a week mostly blues .
Before everyday was a red day very hard to hold onto any gains made . Uptrend and momentum will build the price back up.