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New energy price guarantee.
From Oct 1 household bills capped at £2,500, saving households on average £1,000 per year. For TWO years.
:-)
1 shorter increased on the 2nd, 2 shorters decreased
PLT Marketplace app launched a couple of days ago - allowing easy resale of PLT items. Currently 8th in iOS Shopping category
BooHoo share ownership
Mahmoud Kamari - 12.07%
Norges Bank - 6.19%
Hargreaves Lansdown - 5.91%
T. Rowe Price - 5%
Baillie Gifford & Co. - 4.78%?
Jupiter Asset Management Ltd. - 4.7%
Camelot Capital Partners LLC - 4.59%
Rabia Kamani - 4%
Invesco Advisers. - 3.36%
Total: 50.60%
Citadel LLC: 4.77%
by the way, not much of a read across, but one retailer continues to surprise... Shoe Zone released another update today
"trading has continued to exceed expectations due to continued strong demand for summer and back to school products throughout August."
Let's hope Boo had a nice summer too...
Confidence is rock bottom in retailers in general, and pressure from shorts is heavy. However, there isn't wholesale dumping by funds. One has reduced, but many continue to hold. Norges started buying at the back end of last year for £1.60, for example.
On Friday, shorts reduced a tiny bit. The headline total is now 7.74%
While Cape View increased by 0.07%, Citadel Advisors decreased by 0.09% - and are now below the reporting threshold
£2bn revenue company, which doesn't have massive debts weighing down its balance sheet, is currently valued at £566m.
That's what keeps me invested.
Buy back is makes sense if you are a dividend paying company - since it means less outgoings come dividend time.
It would be lovely for us shareholders if Boo did a buy back - god I wish they would - but not sure it makes good business sense when the money can be deployed buying shares in Rev B (with the company's stated strategy being to get into beauty products), and fitting out the US distribution centre.
As much as it pains me now, I think the money is being deployed for the company's growth
I wonder why the SP has been dropping.... checks short tracker.... shorts up to 8.22% - new record for Boo!
Shorts now at 6.7% after Qube fell below the 0.5 reporting threshold
Thanks t4g
Does anyone know where I can find a graph of average air freight costs to the US? I've heard they've been coming down significantly, but would like to see it to make sure.
Boo is heavily reliant on air freight costs to the US market, so this, if true, could really help the figures at the next update.
fyi - I increased this morning on the tree shake, but want to look at air freight costs before I put any more in.
Online retailers are totally bombed out - as if they are ex-growth. However, the Next update states - even given the resurgence in their physical stores - online is still growing and they don’t see the trend stopping. So we are getting a boost from Next. But more importantly, if online retail is still growing then a proper rerate should be on the cards at some point - inflation woes permitting
At first sight, our full price sales performance against last year suggests that (1) growth Online has ground to a halt and that (2) Retail is having something of a renaissance. This is certainly the case on a one year basis. But we think that these changes reflect a short term reversal of pandemic trends, and are unlikely to be indicative of longer term trends in consumer behaviour.
Sorry - read that wrong - stores outperforming online
British retailer Next NXT.L
increased its full-year sales and profit forecasts on Thursday
after demand for new clothes in the warm weather delivered a
better-than-expected second-quarter result.
Next, a mainstay of Britain's shopping streets, said it had
lifted its full-year forecasts following the strong trading, but
did not expect that rate of growth to last in the second half of
the year, as inflation rises and the warm weather impact fades.
The group, which trades from about 500 stores and online,
said it now expected full-price sales to rise by around 6.2% in
the 2022/23 year, compared with an earlier forecast of 5%. A
profit before tax forecast rose by 10 million pounds to 860
million pounds ($1.04 billion).
The robust performance comes at a time when many food
retailers are warning that customers have started to cut their
spending as Britain's economy starts to deteriorate, with
inflation hitting a 40-year high of 9.4% in June.
Next said its stores had outperformed its online business.
"The stronger than expected sales performance in Q2 is not
expected to continue into the second half," Next said.
The pullback yesterday was encouraged by shorters dumping more shares - we are now up to 7.95% on shorts. However, while Qube and Citadel were increasing, Marshal Wace decreased.
Diandto also mentions they fear a huge injection of capital will be needed. It's always possible, of course, but why?
Do you think the guidance is wrong and the convenants will trigger? Or that the cash in the bank isn't enough?