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Did you just use people trying to imitate Boohoo just like they did Apple (a near 2 trillion dollar company that has been outrageously successful for investors) as a reason why Boohoo is risky? I’ll buy a few more shares on Monday then.
This is just a classic sell on news. I hoped it would jump to 430+ on said news but we only made 400 :(
You could easily tell it was full of traders, and since there’s nothing immediate to be excited but they all sell. On top of that, a few mug punters are probably selling for a 5% loss panicking about going into loss.
But meanwhile the company is growing at 80ish percent in the USA which is an much bigger market than the UK (our current largest market), 55ish percent rest of world, we’ve just launched ME with plenty of interest. The worries should be reduced for IIs, Christmas is coming up next along with a trading update at some point and I am confident we can achieve that 450-500p range either later this year or early next. Patience!
Had a quick look at these shadowfall people. Based on Twitter posts they start posting negatively on BOO Short in May, got it wrong, went silent, now they’ve started posting again. Give it a couple of days and they will go silent again as they close short having got it wrong again. It really is disgraceful to watch.
I think in the eyes of some investors the modern slavery thing presented 2 risks:
1) Did BOO do something illegal - potential penalties.
2) Will customers be put off the brand, reducing sales.
The share was already on its way up to 500p before the crash on expected growth. #1 was dealt with in the last RNS hence the rise to 380p, but #2 will not be dealt with for certain until tomorrow. So I think even expected growth is not fully priced in. It probably won’t be 500p tomorrow, I think there’s lots of traders in, but it will lift the lid for longer term investors and more IIs to get back in, giving us a clear route to 500p over the next few weeks and months.
Because of the big drop earlier this year and the subsequent volatility, there will have been a lot of traders in here for results, so it’s only natural a jump like this morning would be immediately sold into. Now though, I believe duke IIs will start coming back and so we will see a sustained rise finally.
There’s thousands of influencers, and they can be sponsored by multiple brands at once. Boohoo can’t be unable to offer enough to ALL of them. 10 years ago Zoella was one in a million, now there’s one Zoella on every street nearly. And what I’m saying is that Boohoo can’t stop being trendy as long as they sponsor a number of these celebrities. That’s where the trendiness comes from. The celebrities don’t come to Boohoo, is the other way round.
The celebrity endorsements are what makes Boohoo trendy. The celebrities are the ones who should be worried about falling out of favour, because then the Boohoo cash will go to the newest shiniest trendy celebrity instead.
BOO chart looks absolutely nothing like any of these bubbled NASDAQ stocks so if there's any further drop because of it, it's just another buying opportunity. We haven't even reached pre-covid levels yet despite impending boom in sales, never mind multibagging.
Correct me if I'm wrong, but this article suggests the problem is wider scale than it was previously reported on, and that it was reported by auditors multiple times across 18 factories, which we didn't previously know about? That's the new stuff I took from this anyway.
There has to be new stuff here, otherwise why would it drop so much on this news but not on previous news stories (we've had several since the original Times article).
Does anyone know why this has recovered to only about 10% down from pre-crash while PPH is still about 50% down?
Worth pointing out similar drops happened 4 times on the road to 430p after coronacrash. Upward trend still seems fully intact as far as I can see, no cause for worry. Of course the slave labour issue could at some point hinder our progress to 500p, but I still think the fundamentals support our return to those levels, with these bumps on the way. Those bumps were 10-15% each time from trade high on peak day to trade low on trough day.
I mean, what can I say, you sounded like one. Those investors are still small investors in the grand scheme of things, even if they're well off, people with a couple of million are well capable of being naive.
Right, but as I posted on the Boo board a while ago, Nike is also a "3rd world child labour stock" and it is worth 17 times what it was in 2000, 5 times what it was in 2010. As long as the company is seen to stamp it out, it is not detrimental to the long term. It's also worth mentioning that the "3rd world child labour stock" you have done "quite a bit of research on recently" is actually being called up on allegations of adult slavery and below minimum wage pay in Leicester.
Also worth noting that I was invested here for years lol, please don't get me wrong - I'm not here to slate this as the worst stock on LSE, it actually seems like one of the least worst (more akin to a Woodford fund rather than scam asset in some war-torn desert), I'm like I said just cynical after watching stocks like FCR, CTAG, AFPO, HNL, 88E, UKOG, STG, IGAS, ACP, ADL, ADSS, TEA (off the top of my head) and so on.
Simply out of interest seeing if anyone can give me genuine reasons why me it isn't going to top out at 10-15p or alternatively why this is the first micro AIM out of all the ones I've followed to deliver long term gains.
Yeah, not much of a concern at 230p ¯\_( ?)_/¯
I bought a growing profitable company with a dirt cheap price based on temporary fear rather than a speculative high risk investment company 100% up based on temporary euphoria. And the results are clear.