The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
No shorters are there to financial gain from companies that have a falling stock price , funny enough its usually companies that aren't run properly and there seems to be plenty. If you are basing your investment decisions based on what anonymous people post on a bulletin board then your are in the wrong game
Well , well well , I already said previously the short term outlook was poor due to an on going investigation and it seems the association with sweat shops is not going away any time soon, and to think that some people ramped up this share on a puff social media piece and believed all the so called experts. THE INVESTIGATION IS NOT COMPLETE , get your heads out of the sand.
@oxygen I agree , the suspension of sale of goods by the retailers will hurt and I imagine they will be awaiting the outcome of the investigation before they even consider lifting that suspension. nobody knows how long that investigation will take , all the time this company is losing money. Its exactly what this company did not need especially after a pandemic.
Peoplepower you have nothing left , if you want to challenge me on any points about the companies predicament it finds itself in that I have raised then I am inclined to debate those with you. I'm happy to talk about some realistic prospects of recovery if you have any.
They aren't negative though are they , is it not true the company is being investigated , is it not true they are in the media spotlight and its all negative media attention , have you missed the campaigns that are popping up that are threatening to boycott the company that we are invested in?
It's my opinion of the current situation and I'm entitled to it which is the short term prospect is poor and I hold no hope for the long term prospect considering all the above , if you disagree then fine but your argument of "it's all negative" doesn't hold up against the above facts.
Peoplepower its people like you who think its all rainbows and unicorns that are the worst, investors will make up their own opinions based on a balance of information in the public domain or issued by the company, if you are letting the opinion of anonymous posters influence your investment decisions then you really do have to ask if you are in the right game, facts are facts you simply just can't deny them as if it never happened.
Peoplepower I think you really need to have a word with yourself , I'm posting balanced and fair and I've already agreed the company does not need to be demonised but unfortunately it is and the stock price is getting hit badly and it is certainly not the result of what anyone on this board has posted.
Negative posts , they are my view of the current situation. Ok I missed the modern day slavery statement but my other points still stand and they are facts. They are being investigated and that is not concluded , they are in the media spotlight and the press is bad , retailers have suspended sale of this companies goods. Yes it maybe coincidental that I'm jumping on this board when its looking bad but seeing a stock in the media spotlight that you thought was safe tends to put you on alert.
I'm not invested in UK Oil and Gas that was quite a while ago , but thanks for looking up my profile and making assumptions as that is certainly no indication of whats in my portfolio as I don't invest through this platform but jump in from time to time on the stocks i'm invested in to engage in debate.
I'm certainly not trying to get the share price down I need it to go up but I'm just not seeing it I'm afraid for the points I've already laid out.
read it already , certainly don't take investment advice from a puff piece off some website. the fact is an investigation is not concluded and until that is concluded there may be more bad publicity to come which may further damage the company.
Yes but boohoo should of ensured that one rogue company was in compliance and since they are sourcing products from an area in Leicester which is now in the media spotlight and public eye for potential breaches of the law it will get demonised and the stock price will get hit unfortunately.
Great so that's the modern day slavery statement issue out the way , so ethically they just made the mistake of not checking the supplier (based in the UK) to see if they comply. I'm still reserved to that fact an investigation is still outstanding and until that is complete there is still risk.
I'm not saying these companies are without sin , they should of also ensured that Boohoo complied with modern day slavery laws which may of triggered boohoo to ensure it was in the contract of its suppliers. My point is boohoo are now in the firing line. I agree they should not be demonised but unfortunately they sell to the public , public opinion matters and the reputation is damaged and it will be cost them
I'm well researched thanks , and as you have seen from my posts and I have said it is difficult to fathom why they just simply did not shore up evidence that they have asked their suppliers if they comply with modern day slavery laws. They have not they have produced a statement saying they have a "supplier code of conduct" and because that is not visible how did they align that to the LAW. They may well put better procedures in place in the future and I hope they do , the point is that right now there are a lot of investors losing money, which at present looks like management malpractice , the short term prospects after losing huge retailers is poor and long term is risky.
I don't just believe that any investor worth his salt will consider all aspects , there is the financial implications , since boohoo may have been purchasing these products from its suppliers at an abnormally lower cost it will indeed no doubt hit profit margins or they will be forced to increase prices either way the fast fashion ethos will die, depending on the outcome of the investigation there is also the possibility of a fine , if they have been found to of broken the law.
Even without the likes of those that you mention Boohoo seem to be doing a great job themselves of damaging their own reputation. Its hard to fathom that a company of this scale doesn't ask its suppliers if they comply with the modern slavery act which in turn would also trigger questions to so called sub-suppliers.
Zero hours employment isn't against the law , If I remember right it was more that fact that those on zero hour contracts had no employment rights. This is a potential breach of the law , investigation pending.
Tony , I agree , the ethics of this company are difficult to ignore , reputation is everything in this industry, its not too far fetched to ask that they ask all of their suppliers about modern day slavery practices to see if they comply.