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No profits until 2026 I should have said so basically it will be loss making for years increasing its debt position substantially
Whilst also losing market share to likes of Shein
It might or might not be a short granted
But is it a buy at this level?? I think not

Some rather defensive posts here
All I did was post an artcile
Clearly touched a nerve

Can anyone tell me why this justifies its market cap of nearly 600m when there's negative freecash flow and likely no profits until 2023 https://www.business-live.co.uk/retail-consumer/boohoo-might-not-return-profit-26026743

Because for the life of me I just cant figure it out

https://www.business-live.co.uk/retail-consumer/boohoo-might-not-return-profit-26026743

WOW!

Definitely fishing
Same as yesterday
Its funny now watching them

you just cherry pick

https://www.sharecast.com/news/broker-recommendations/boohoo-will-struggle-to-reinvigorate-growth-says-liberum--11362852.html

"The group has not gained much share of the UK online clothing market in the last three years and has clearly lost massive ground to Shein in the US and to online marketplaces in Rest of Europe," Liberum noted.

"Given the ground already lost to Shein and plans to open further local distribution centres in the US, we think Boohoo will struggle to reinvigorate growth even after the opening of their new DC (or at the least the growth could be rather costly)."

Bottom line is this >>>> The broker is forecasting negative free cash flow until FY25, hence why the shares look "optically cheap" at only 0.4x EV/sales and 9x EV/EBITDA.

You think I dont see they have put 2022 in by mistake?

its irrelevant to this paragraph "In the year to February 2022, boohoo is set to report revenues of £1.74bn, but it is no longer expected to report a pre-tax profit for the period. A loss is also forecast for 2023-24."

Now would you want to tell us what this will mean for the company and its shareholders

https://ukinvestormagazine.co.uk/boohoo-revenues-continue-to-decline/

"In the year to February 2022, boohoo is set to report revenues of £1.74bn, but it is no longer expected to report a pre-tax profit for the period. A loss is also forecast for 2023-24."

*8ema not 18

Gap down
Massive bearish volume
Closing below 18 & 13 ema
Is on its way to retest 33p
If that doesn't hold, then it is 100% heading down to the low 20's.

Knew it
MM's playing about here fishing for shares
Nowt's changed since yesterday
This is a company with a market cap of what 30m
And contracts valued at around £1bn.
Visible reliable and repeatable revenues
Now the price rises towards the end of the day as usual
Just hold people, let them pay for your shares rather then giving away cheap
They'll be worth double in a week or 2's time at least!

Can't get anything in volume.
The absolute feckers are fishing pure and simple
Whats changed since yesterday -nothing
Hold for gold

MM's are fishing for shares
This will move up this afternoon

Lets see where this closes today
If it closes below the 8ema it's toast for the bulls following that update
I think the bears are in charge or very soon will be

The obscurity around net debt position is a cause for concern here
Along with the obvious decline in revenues in 2022 and forecast for 2023
Interest payments on that will undoubtedly push profitability back further beyond, is it 2025?
In the meantime it seems like this is a bit of a money pit

Guidance and outlook

For the year ending 28 February 2023, adjusted EBITDA is expected to be in line with market expectations. Revenues are expected to decline approximately 12% over the financial year, with an adjusted EBITDA margin of approximately 3.5%.

net debt expected to be less than 1x Adjusted EBITDA at the end of the financial year

https://www.bloomberg.com/news/articles/2023-01-19/boohoo-forecasts-sales-decline-margin-near-low-end-of-forecast

What is the net deb position?
None of this " it will be less than 1x ebitda" nonesense
Fishy AF

Look at the chart
It is telling you more than all the posts on here combined.
If this support level doesn't hold - run for the hils

suprised to see this falling back
seller mustt still be lurking
Still expect 40p at least in near term