All the trading money today went to HE1 today I am thinking, which just left the ducks here quacking away - pond is empty today - quack quack.
Never mind, fortunes return next week.
Best duck joke of the day -
If it walks like a duck, talks like a duck, and smell like a duck but Chuck Norris says it's a giraffe. It's a damn giraffe!
Senior directors exit in boardroom departure list.
Under performing I guess.
https://www.drapersonline.com/news/boohoo-senior-directors-exit
It seems none are actually too excited.
SP likely to continue an upward trend in to next week. A repeat of a chart pattern from last year. It doesn't last but will result in a higher stable SP until nearer the May release of the Annual Accounts which is expected to show a drop in revenue of around 12% but that could be the opposite subject to an RNS being released in March.
All guesswork so pick your own straw & accept your fate. In short Up Up & more UP, followed by a stable period of volatility then a drop on results day. Previous history backs up my prediction & is the BOO SP cycle until certain profitability returns & the RCF disappears in 2025.
Says to me that the ship steers from three sides (Stern, Port & Starboard).
A CFO jumps / walks the plank for no given reason means that he wasn't part of the crew.
Just have John Lyttle & Frasers left to battle it out, Maybe BOO being rammed by Frasers is setting a new course.
What will be left? UK factory going, UK Warehouse going, CFO gone - then I expect DTN to do his merry dance & sing BOO is sinking. Just another day on the BOO BB.
Buy BOOs before lift off.
Https://www.retail-week.com/fashion/boohoo-warehouse-closures-imminent/7045427.article
A relic from the Arcadia Group. Cost cutting seems to be on the agenda - a sure way to lift share prices.
Boohoo are streamlining their reporting processes so you get more good news. It was a good time to carry out this work as December trading wasn't that good.
The big gig in the sky is the return to profits for BOO & the sooner that happens the better we will be. Closing factories is costly so expect some exceptional costs this year.
The Very Group are having a hard year with retail fashion - https://fashionunited.uk/news/business/very-group-fashion-sales-fall-yet-retail-sales-rise-elsewhere/2024011173525
Kamani could be loaning his stock and why not?
Trading update will most likely drop the SP so an easy gain for Shorts.
The only spanner in the works is Frasers & how much they will eventually take. It is just a matter of time before the end game can be seen. The current BOO BOD will not be in position in 2025. No bonuses this year as the SP did not perform.
Pipedreamer - SP likely to rise in the afternoon & end around 34.3p - Volume to remain low today.
Next week will be higher.
Unlikely Frasers will purchase anymore until next week but the SP is currently in their price range.
Just my view - only valid once the future arrives.
Https://jhoonline.biomedcentral.com/articles/10.1186/s13045-022-01351-y
Just posting this link which looks at the CTC applications for liquid biopsies. Detection can be difficult in low tumour counts as shed particles are not easily identified. Angle is not the only one doing this research.
Reporting processes are being streamlined - which means counting anything that makes good news while locking away any potential bad news. So lots of good news to come & investors will be chuffed to bits with the superb performance of the company. As for the UK and global economy - all looking perky blue, just don't mention the war, that is if the ever was one somewhere far far away. No ships have been sunk for a very long time so no worries there either and costs are reducing as inflation turns to dust. Maybe ASOS & BOO will exercise a tighter control of the news agenda making negative stories harder to find. No whistle-blowers in Morocco however they do have "Flute type Horns" which are pleasing to snakes. https://www.youtube.com/watch?v=5bQ9s0oBG_g
Pipedreamer - you are doing well to chart this stock. It is almost an impossibility to daily chart the future direction of the SP. Long term it is easy. Medium term has strong possibilities of a major controlling stake by Frasers. I thought their plan was near an end but if the SP tracks its current price they will continue to buy. That doesn't help the SP until the available free float becomes less available. Shorts seems to be just watching & are awaiting the negative trading update despite a good year end to 2023. This week I don't see any hits above 35p coming & no drops into 32p territory. Traders are looking for high interest rapid moving stocks and all that is moving here are Frasers & ATs. Charting computing algorithms can lead to a high degree of satisfaction when you end with no losses or gains. Looking ahead to next week I would hope a start of an incline to 37p will occur but early days at present.
Buying pressure will keep BOO from falling below 32.5p
Today is just a RED FACE day
Maybe worth waiting until the afternoon for a clearer direction short term, BOO is a long term riser.
RNS - TR1 due out soon.
barnetpeter will need to fund his shorts to keep up - eh hot pants!