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Don’t quite understand the logic for selling now unless you need to free up funds.
Surely this is a longer term hold even with Covid. Flights are increasing meaning more servicing for engines.
RR business as a whole due to the impacts of Covid have been forced to become more lean and efficient (which is a great outcome). They are diversified even more than before.
Surely then there is no reason why it cannot in the medium term return to prepandemic levels plus some as arguably it is now in better shape?
Unless you are trading and trying to capture the ups and downs wouldn’t it be better to hold and ride the wave up?
Wow is that a £9m buy at 116p?
he could have a very large spreadbet open?
Or be on granite x3 as well?
Not unfeasible ... you don't have to be holding shares to make money on this.
Yes. If you look at its operating channel on the charts I believe it will go down to around 260 before climbing again.
So still quite a long way to drop.
@ 2m a week how many weeks until 60%?
15% is 10m
67m population / 2 is 34m
34 - 15m = 19m
19m / 2m = 10 weeks.
2nd April about 60% of entire population immunised.
All IMHO.
That is not how I understand it. 2m a week is for one dose. Which gives you around 30% immunity. Which in reality doesn’t allow you to travel or still do things normally.
Those 2m won’t have the second dose for another 3 months.
So actually in April those first 2m will be fully vaccinated. Assuming they don’t run out of doses.
Isn’t that right?
Two RNS after market close for price monitoring.
121,770,099 buy at 27p @ 16:45:47
1,500,000 at 27p @16:47:51
Maybe I am naive .... but for me it is quite simple. There are two type of people:
Investors - like myself and others who buy and hold for longer term gains.
Then there are traders that don't have time to wait. They or their clients want money and returns quickly. They can't sit and wait for 6 weeks for the share price to move again. They know that is is going to go horizontal until the next set of news. So they sell after making some profit, shift onto another share and make more money and then perhaps trade back in when they know news is coming so they can make quick money again. Rinse and repeat.
This is for me why there are always drops on news or after quick gains.
For me I don't have the time, patience or knowledge to be jumping and out. I sit here and ride these little ups and downs with the bigger picture in mind. I don't care about a 10% loss in a day I've gained 2,200% on my holdings so far and these is plenty more to come.
“They were 152p on 17th March without this scandal. Long way to go yet. Could be a rough few days.”
Sorry but what load of rubbish. They were down at that level a long with the rest of the market due to the pandemic that seems to be circulating the world.
For me Boohoo is in a stronger position post Covid and stronger position than their bricks and mortar rivals.
This is just a blip. Of course no one wants a blip everybody wants the companies they invest in to go up in a straight line but that doesn’t happen.
If you didn’t sell above 400. Probably just worth holding on and riding it out. No point selling now and making your paper losses real.
If you did sell well done. Get your cash ready to jump back in when you think it has bottomed out. Where that is anyone’s guess. I am surprised it has dropped this low today TBH.
I thought there would be more resistance at the 309 level. Now we are below 300 It is anyone’s guess.
https://www.theguardian.com/uk-news/2020/jul/04/boohoo-booms-leicester-garment-factories-linked-lockdown?CMP=Share_iOSApp_Other
The final quote.
“I don’t think anything will ever slow them down,” said the industry source. “They’re just relentless.”
Looks good. I have sliced profits last week at 410 and left 1/3 to run. I think there will be some turmoil in the market over the next few months. It is inevitable. A big spike in unemployment end of August will unsettle people so I see a short term pull back.
So for me it is about de-risking my position. Then when an opportunity arises I will buy back in or at least when I know the market is more settled.
“Nice one. I’ve been invested in boohoo ever since they’ve floated. Taken profit out during the rise. My last 168 shares that I’ve held I’ve sold up this morning. Boohoo has been my baby but my journey is over. ??“
Good job and well done. But if you only had 168 shares left why would you sell them all?
Personally I would have taken half and left the remaining as free float and as a what if ....
I still think boohoo is still in its infancy. Yes the share price will be volatile but there is plenty of room for growth.
Unless you are thinking of dipping back in when it dips. But for me with that small a holding it is a dangerous game. I would rather hold and ride it out.
Each to their own. But regardless well done for being in since IPO.
Isn’t there another scenario with this almost £1m buy. That they buy knowing it will cause the share price to jump on Monday. Then they sell taking a nice quick profit?
Peoplepower1 ... yes you are right the 23% was referring to March / April. Whilst I have read there was a recovery I didn't see where it said that it was 20% better than the same time last year?
Be grateful if you can direct me to that information.
Thanks
pookookachoo .. yes it was a reply to you.
Personally I think there will be a correction across the board in August. When the people who are all on furlough who think they are returning to their job in October suddenly get made redundant.
I guess it depends what your strategy is (yes I know everyones is to make money) and what your entry point is. I have been in for a long time. My first buy was at 56p - so for me it is too much of a risk to be jumping in and out. I rather just ride through the up and downs and look towards the long term future of this company - which I think will be very bright.
All the best to you as well.
Yes you are right the short term growth will not continue at the previous rate. Boohoo have themselves said that sales during this period are down 23% compared to previous seasons vs retail shops that sank by over 25%. Not a huge difference, but BOO don't have bricks and mortar to be paying rents and inflated rates.
But as always it is about the long term outlook and the sentiment. There are multiple advantageous that makes BOO a positive buy. For me it is that it has good liquidty and cash reserves. Better than any of their peers - the fact that they don't have a lot of inventory in stock - 60 days vs 150 days for ASOS.
This also means it has greater flexibility to can be much more manoeuvrable to alter their inventory. Which is exactly what they have done during this lockdown period. They have changed from party going formal wear to lounge and comfortable wear which has helped mitigate further poor performance. However it has to be said just because people are in lockdown it doesn't mean they haven't bought clothes - though of course at reduced quantities.
I guess what this all means is that they will come out of this in a much stronger position than their traditional high street competitors and their online ones. The competition will also be reduced - due those not surviving and BOO will probably have acquired some of the good ones as well.
So for me the outlook is good and strong and people are buying with the future possibilities in mind.