Member Info for mickymix

Oh the irony.

when they ask how you made all your money..."Well kids, it was like this. You know Boohoo right, biggest fashion company in the world, of course you do, well back in 2020 etc etc. Anyways, some of us held our nerve and kept topping up as the feeble hearted and brain challenged bought into the fear and allowed a bunch of City boys to rob them blind and....well, the rest is history and that's where I made it."

I sense a tidal wave of buys building up. This is bloody exciting. Haven't had a ride like this since Jenny thingy in the noughties.

You're not missing anything pal. Don't let them or the fear get to you. This is what fear does to the lily livered and single brain celled. Easy prey for City psychopaths.

Think I might just have to. Should all turn the bluest of blues med-long term. Got my eyes set on that Sunseeker thanks to the shorters shorting and the fools selling.

"...the size and expertise to audit it". Here we have that word again...expert(ise). The only thing the big 4 or 5 are experts in is convincing the City (not really convincing the City, it's actually collusion between these firms and the City) that only they have the skills, size and integrity to audit large companies. In actuality, the only skills and expertise they have is in criminality, creating a monopoly and ripping off the large companies they "serve" by doing next to nothing, with impunity, in return for a large slice of everything. Audacity and hypocrisy at its ugliest. Another reason why the UK markets are neither trusted nor respected across the world. My, how the City is sowing and growing the seeds of its own destruction.

So if 4 of the big 6 (or 4 out of 5 top auditors) are not interested in taking on the audit, that means 2 are. So, if 2 are, what's the problem. Answer, there is none, just an implied one by omission reporting.

RNS Number : 4036C
boohoo group plc
19 October 2020

For Immediate Release

19 October 2020

boohoo group plc

("boohoo" or "the Group")

STATEMENT RE AUDITOR

boohoo, a leading online fashion retailer, notes recent press commentary with regards to its auditor PricewaterhouseCoopers ("PwC"). The Group would like to place on record that PwC is still the Group's auditor at this time. The Group's Audit Committee has recently launched a competitive tender process for the Group's audit, and will update shareholders at its conclusion. PwC signed an unqualified opinion on the Group's 2020 Financial Statements and having served as the Group's auditor since 2014, is not participating in this process.

What Is an Unqualified Opinion?
An unqualified opinion is an independent auditor's judgment that a company's financial statements are fairly and appropriately presented, without any identified exceptions, and in compliance with generally accepted accounting principles (GAAP). An unqualified opinion is the most common type of auditor's report. Like any auditor’s opinion, it does not judge the financial position of the company or interpret financial data. It indicates that as a result of the testing done during the audit, the independent auditor has enough information to conclude that the company's financial statements conform to GAAP and fairly present the company's financial position for the statement time frame. It is issued when the auditor believes that all changes, accounting policies and their application and effects, have accurately been disclosed.

That's where my guesstimates are on this, then 310-320 tomorrow or by end of week. Should do very nicely indeed but even if not, limited downside from here in my opinion. Fortune favours the bold and all that.

Can't resist another big buy in at this price. Free money on the rebound. Would be rude not to take advantage of this madness.

It seems that as part of the overall clean up of their much maligned image and reputation, Boo are doing all the right things, including a switch to a new auditor, hopefully with a better reputation than PwC. Makes sense to me. What would make even more sense, is if they delisted from the UK market and relisted on NASDAQ. Puretech have had similar problems with UK market manipulation and have woken up to the fact that there's no point in remaining in a hostile, overly manipulated environment when friendlier, more equitable options exist which is precisely why they are currently in the process of listing on NADAQ. Boo need to follow suit and give this country the proverbial one finger salute it richly deserves.

Congratulations and commiserations.

In all honesty, I really don't know why they would still want to remain listed in the UK. Should just have done with it. Cut all ties with this laggard of a country and just go with where the money and energy is. Remaining on the FTSE just means remaining wedded to the sick man of Europe, like a weight around ones neck or a divorce that's long overdue. This country has done Puretech absolutely no favours whatsoever. Toxic and rigged market, totally clean break needed.

I know it's off topic but since we are all here, hopefully to make a good return on our investments, I thought some of you might be interested in Puretech. A high quality biotech company with a difference - as in not jam tomorrow like many other biotechs but jam today. They have a board that reads like a scientific who's who, are well established, they invest in, nurture and bring to market promising bio companies that fit their ethos and have successfully done so with a good number of same. Extremely valuable holdings in a number of quoted companies, very strong cash position. Please, don't take my word for it, research the fundamentals and tell me I'm wrong. But here's the rub. They have pretty much become fed up with the manipulation on the UK market and have therefore applied for a listing on Nasdaq to gain better liquidity in its shares and fair value recognition. I for one do not blame them and feel the shares will soar once the listing has taken place which I think is likely to be sometime in Nov but please DYOR. For the record, I've been a fan, holder and trader for quite a while and currently in for approx £40K, with no intention of selling anytime soon. I might consider letting go once they are listed across the pond but only if I feel the re-rating justifies what I believe has all the makings of a fist class Biotech stable. Best wishes to all who might care to join the ride.

I really don't think Shein will be a problem. People might try them, sure, but if the reports and reviews are correct about poor quality and terribly unreliable deliveries, they will have to seriously up their game to compete in any measurable way because they will lose customers as fast as they gain them. Chinese online businesses do not like getting their hands in their pockets to pay for traffic and good seo. They would rather try black hat tactics. And the same goes for their manufacturers - if left unsupervised, every possible corner will be cut, cut, and cut again. I speak from considerable experience of sourcing and dealing with Chinese manufacturers. You have to have eyes in the back of your head and then some. And if we want to get onto the subject of slave labour...perhaps Shadowfall and Odeyous should have a look at Shein because I can pretty much guarantee they will be far from Clean.

I was pondering Boo's modus operandi today and came to the conclusion that it really does represent quite a disruptive threat to the established fashion industry which probably goes a long way towards explaining the animosity shown from that quarter. Disruptor companies like Boo only come along once in a...Bluehoo Moon!!!

I find it hysterical that some on here seem literally either hysterical with fear or hysterically trying to de-ramp. If history teaches us anything, the trading pattern will indeed produce an upside turn out of the bluehoo!!!

Aye, thought you'd be impressed Wyn!

This tiger has had enough of being kicked whilst down and those with insight and foresight, I sense, are about to be ahead of the Roarr!

And where are they going to spend, Boo, Asos, Amz, et al, of course. It's that simple. I'm with Kitty. I feel this is the pivot point and investors, both private and IIs are going to increasingly wake up to the realisation that all the money that would have been spent elsewhere is being spent online with Boo and others. In a sea of shares that aren't benefiting from the online bonanza, they are going to want a slice of those that are. I intuit we are about to see a huge outflow from those that aren't well placed to profit from this nonsense to those who are.