Member Info for Mattyboy-

Jupiter increased its holding on Monday

Way oversold

ASOS, Zalando etc... account for 1.4% of sales.

John Stevenson at Peel Hunt has made no changes to his profit forecasts for Boohoo because he does not think its profitability is under threat.

“The company operates on a cost-plus model. If costs rise they will increase prices,” he said. “If a £7 dress suddenly costs £8, will demand disappear? I doubt it.”

'The company’s largest independent shareholder, Jupiter Asset Management, increased its holding on Monday.'

A longstanding problem for Boohoo is that production of its clothes may be outsourced from trusted suppliers into a network of more than 1,000 tiny outfits that typically employ less than 10 staff each and move around the city.

But some analysts are sanguine about the costs that could come from a clean-up of the industry.

John Stevenson at Peel Hunt has made no changes to his profit forecasts for Boohoo because he does not think its profitability is under threat.

“The company operates on a cost-plus model. If costs rise they will increase prices,” he said. “If a £7 dress suddenly costs £8, will demand disappear? I doubt it.”

John Lyttle, Boohoo chief executive: “We want consumers to believe in our brand. We have nothing to hide” © Marco Kesseler/FT
Boohoo’s profit margins are higher than those of online rivals such as Asos and Zalando, although this is partly because Boohoo sells only its own products and outsources much of its IT. Gross margins, which reflect only the difference between the cost of goods and their sale price, are comparable with other retailers, said Mr Stevenson. “They don’t appear to be making supernormal profits on the back of Leicester.”

2020 sales to be 1 billion+ during global pandemic......USA market rocketing......BOO are the future

The Group has a relatively small wholesale operation with almost all of our revenues coming from our own brand websites. In the last financial year, wholesale accounted for less than 4% of the Group's turnover, as we increased our focus on our direct to consumer proposition. In the first four months of the current financial year, wholesale accounted for just 1.4% of the Group's turnover.

Orangetree....Boo do not manufacture anything....their contractors do.

I'm sure there have been plenty of logs over the last couple of days......

Shorts closing

The Group has a relatively small wholesale operation with almost all of our revenues coming from our own brand websites. In the last financial year, wholesale accounted for less than 4% of the Group's turnover, as we increased our focus on our direct to consumer proposition. In the first four months of the current financial year, wholesale accounted for just 1.4% of the Group's turnover.

The Group has a relatively small wholesale operation with almost all of our revenues coming from our own brand websites. In the last financial year, wholesale accounted for less than 4% of the Group's turnover, as we increased our focus on our direct to consumer proposition. In the first four months of the current financial year, wholesale accounted for just 1.4% of the Group's turnover.

Sounds like Bobby Axlenob is very short....oh dear.

So Shadowfall have been digging dirt,what else is to come?

I bailed out my entire holding the day Shadowfall raised its ugly head...got caught with QPP,never again.

There's going to be more stuff hitting the fan...guaranteed.

Hope he's got some lube.

WuFlu is the death knell of the high street, it was coming anyway but just been brought forward.
ASOS in prime position to benefit....who knows where this SP could end up.
Buy and hold on.

I think they’ve been scaring the weak for the last couple of days and been filling big orders. Should see leg up soon if that is right.

I'm in big the moment they announce a vaccine.

Bought £100k last 2 days. Gonna look again this time next year and then work out what I’m going to do with my £200k. Easy money.