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Some very large trades at 34.50 all day. Must be well over 4m shares by now
Hi Okey, T4G. I agree we are waiting to see capitulation here. It cannot be too far off now? Due to the low volume Boohoo can be pulled down pretty easily if wanted, that is my concern with current price action. I still don’t see how we will trade below net assets but time will tell on that. As Okey said we cannot be going broke anytime soon if we picked up Bob Hots shares last week so let’s hope for a good trading update and another sell out of Barbie.
Sorry PD, when I meant keep this up I was referring to the side ways movement. At some point MM will want some liquidity back. We will have zero liquidity if this goes on for months.
Pipedreamer can we really stay in this range for “months?” I don’t see how we will have enough sellers to keep this up for such a long period.
Nice one gggg. I commented a while back to my surprise how quickly the barbie range sold out on Boohoo. Pretty much every item and size was gone within a week of launch. On the 24th they will be stocked up and ready to go for round 2. I was actually going to post this morning that it’s a shame it’s not in stock for the premier tonight.
Pedro not all property in London multi millions. The core market from £650 - £2m is strong.
Pedro inflation is key to paying government debt, it just has to be at a controlled level which we are starting to see.
Exactly Gggg, I can also say the property market in central London is absolutely booming. Nobody cares about the rate rises. If property was falling in Central London then we are in for trouble but it could not be further from the truth.
Pedro we simply cannot survive without wage increases. I’m 36 and have had a huge wage increase and so have all my friends. Don’t forget inflation is key to keeping government debt under control.
Well said Okey, I was going to point this out yesterday to Pedro. The overall % of mortgage holders who have been affected with rate rises is very small. Then what % of the affected mortgage holders are Boohoo customers? I’m not suggesting everything is rosy but the media have blown the rate rises out of proportion. The retail sector looks very healthy and recent results from other retailers is proving that. I would also expect a updated guidance RNS from Boohoo if they are below guidance issued at the AGM.
We are seeing huge profiteering from all core suppliers. Let’s hope Boohoo have also raised prices too? I really don’t see how a customer can be put off paying £16.50 for a dress rather then £15
Pedro have you seen the huge “beat” on consensus this morning? Your doom and gloom narrative is simply wrong. The consumer is still spending and the consumer still has money to spend.
Actual 0.8
Consensus 0.2
Previous 0.1
Interesting to what happens to Boohoo or the economy? You make out no body can afford to buy a £15 item of clothing. Go on the Boohoo website and see how quickly lines are getting sold out.
Pedro, you seem to be sucked into the media doom and gloom narrative. I can assure you there is no doom and gloom from where I am standing. Higher wages, endless jobs, busy pubs, busy shops, I can go on and on! Most people don’t just give up the second a higher interest rate comes along. They find a way to continue with there desired lifestyle how ever they may be.
On the other hand if consumer spending is going to reduce significantly then Boohoo’s target market has got considerably bigger?
Hi Okey, with the volume we have seen in the last few weeks it purely cannot be down to shorts trading? I would like to think someone has been accumulating but who know if that’s MA choosing to increase his stake?
Hi guys, does anybody have the link to watch the AGM? Thanks
Yes I wondered this when I saw the article, Do they have positions in boohoo? Certainly not over 3%
Wow Gaz, made yourself look like a fool. You spout a lot but don’t know what DMA is. Lol
I think simpleIs an understatement with this one