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Wrong board
"The proper trick as any decent investor knows is to buy at a sensible price and watch the investment climb"
lol - wish I'd known this earlier. It's so simple!
Alliance News:
Dunelm cautioned on "ongoing supply chain disruption and inflationary pressures from raw materials, freight costs and driver shortages".
Shares in fast fashion firms ASOS and boohoo, similarly exposed to supply chain challenge and HGV driver shortages, were down 2.8% and 2.3%. ASOS's shares have fallen in each of the last nine sessions.
Oh gawd... the return of Pedro. I was wondering how long before we were subjected to random low price targets again.
"Increased competition from the high street" - put it to bed. High street is closing 50 shops a day.
https://www.bbc.co.uk/news/business-58433461
sorry if people already posted... I just see loads of filtered chat messages today - including a response to my previous message that I can neither see what the response is or who from. Apologies if it's a useful, well researched insight! (I somehow doubt it is though)
ASOS got downgraded by JP Morgan today - price target dropped from 6800p to 6680p.
Asos share price is currently down more than 5% at 3507.
Interim results are September 30th. 21 trading days away and - I assume - publication of supplier list.
We’ve been waiting for some institutional interest/support in this share for ages and wondering when BooHoo would convince the city that it was changing for the better. Maybe it’s the low share price, maybe it’s the closeness of the results, or maybe it’s the agenda for change. Either way, I see T Rowe increasing their position as a green shoot. I’ve increased too. Fingers crossed.
T. Rowe used to own 2.74% - at least one arm of them did . They hold over 11% of ASOS as well.
The shares hit 289 shortly after opening on Friday 20th - within the first 15 minutes of trading. The same happened on the following Monday
understanding of broker ratings - the importance of them comes in the underlying research that accompanies them and the influence they have on large long term investors. Whether they are buys or sells and the trend is important- don’t just fixate the actual price
"We prefer online versus offline, marketplace versus mono-brand retail and believe platform monetisation is key for profit growth," the bank said.
(Sharecast News) - Deutsche Bank initiated coverage on the European clothing sector on Wednesday, with a preference for "growth companies which have adapted to changing consumer habits".
The bank started Asos, Boohoo, Marks & Spencer and Next with a 'buy' rating and target prices of 5,400p, 400p, 195p and 9,200p, respectively.
DB started H&M and Zara owner Inditex at 'sell', with target prices of SEK150 and €22. Primark owner Associated British Foods was initiated at 'hold' with a 2,200p price target.
"We prefer online versus offline, marketplace versus mono-brand retail and believe platform monetisation is key for profit growth," the bank said.
"We have created a structural framework supported by proprietary data from our DBdig team including analysing warehouse activity, social media analysis and consumer surveys.
"For shorter term trends we predict quarterly sales based on warehouse activity as well as longer term predictions for the global retailers based on sales weighted GDP forecasts."
DEUTSCHE BANK STARTS BOOHOO WITH 'BUY' - PRICE TARGET 400 PENCE
DEUTSCHE BANK STARTS ASOS WITH 'BUY' - PRICE TARGET 5,400 PENCE
I wish I'd put an order on the order book now - hindsight is wonderful...
I was really surprised at the low opening today too - I put it down to super thin volume and everyone who trades on the order book during the auction being on holiday, but it was a bit harsh - it went from 289 to 270 in the auction!
They are the house broker
Zeus released a research paper following yesterday's news.
They say:
"At last night’s closing share price boohoo trades on an FY22E PER of 23.9x falling to 18.4x in FY23E. Excluding the market fall out from COVID-19 in March 2020, this is the lowest PE rating the Group has traded on in c.6 years. We believe this represents an unjustified discount to its identified peers... etc.. etc..."
Their DCF valuation is 418p
Boo to create 5000 new jobs with 500m investment in UK
https://www.prnewswire.co.uk/news-releases/boohoo-group-to-create-5-000-new-jobs-868763015.html
Hope the link works now
https://www.reuters.com/article/boohoo-suppliers/boohoo-opens-up-criticised-supply-chain-to-customer-viewing-idUSL8N2PD6EA
BooHoo said it will ‘select a group of interestedcustomers for an "all access" day in Leicester next month, sothey can see fabric weavers and printers, pattern cutters andmachinists in action.“We are committed to transparency and this initiative isanother demonstration of this," said Chief Executive JohnLyttle.’
https://www.reuters.com/article/boohoo-suppliers/boohoo-opens-up-criticised-supply-chain-to-customer-viewing-idUSL8N2PD6EABooHoo said it will ‘select a group of interestedcustomers for an "all access" day in Leicester next month, sothey can see fabric weavers and printers, pattern cutters andmachinists in action.“We are committed to transparency and this initiative isanother demonstration of this," said Chief Executive JohnLyttle.’