Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
It's all relative, millions to him is less than thousands to others, he's still got more than enough to last a lifetime whereas someone on here the other day was saying they're invested here hoping to see recovery for the deposit on their house...
Those worried about thousands are mostly those who thousands mean a lot to, again, some more than others and it's those people I hope weren't in so far over their head that they're now in real trouble because if recovery is made to 200+ it'll be a long time coming.
I'm averaging around 165 so still hanging on, but not heavily invested here, unfortunately boo shares aren't a patch on what they were, but recovery to 200+ should be on the cards at some point in my opinion, but one I'm keeping an eye on.
Even a broken clock is right twice a day...
Keep spouting the same crap, maybe occasionally it'll drop a percentage or 2 and they'll think they're a genius...
If you ignore the far more common times they're wrong of course!
Yes boo should be 400+ on fundamentals at least, however sentiment isn't there largely due to media twisting the knife over what seems genuine effort to somewhat reform an industry, not just their own company.
As mentioned nobody knows the exact lows and highs and can only go on their own research and instinct.
I sold boo at 351 ish and bought elsewhere, that made 6% (a tad less than I'd hoped), I sold that this morning, I just bought back into boo at 3.28
A bit 'gutted' no, obviously I would have liked to buy in as low as possible and sell as high as possible but again nobody knows exactly what that is, if I did I'd be a lot richer than I am.
That said due to boo going down and my other investment going up I now have 12% more boo shares out of the same money as if I'd held, this is the second time I have done that and now I hold 25% more shares than my original stake last May with no more money put in, so I can't really be gutted at that...
Yes it is a risky strategy, and no, I wouldn't recommend it to anyone else unless they feel it is right for them as yes, it can go wrong so the risk is theirs to take as it was mine.
Bottom line I'd be happy to see boo rise to where they should in my opinion rightfully be, however while they're not I'm going to take that risk where I feel it can pay off. Though tbh id be happy to hold through turbulence if it wasn't so severe, and hopefully we'll see that soon.
One thing you won't see from me is ramping or deramping, only my own opinions, and even when I sold I wanted to see it turnaround so I could come back as I do believe this could be great long term. I just cannot hold that long if it doesn't pay off, especially with the majority of my investment and I'll be honest, a need to see it grow.
GLA
@TCM I've put my boo money in to av. for the time being, hoping for a semi decent result next week, it 'should' help with the offloading of some of their weaker arms.
Just my opinion of course and I would always recommend people do their own research. How long I hold depends on what happens there, here and elsewhere, keeping my eyes open and doing what I feel best.
Though like I said, at some point I'm sure I'll end up back here with the same or different money as I add to my investment fund or move things around.
I bought in today, am hopeful for the upcoming results and beyond.
Just sold my boo shares to invest elsewhere, but I'll keep watching and I'm sure I'll be back in before too long...
GLA
Just sold my boo shares and bought into av. Looks to be more potential here at the moment with the results coming up GLA
I bought in today, a bit late compared to some but still room for at least 50% from where we are imho
Seemingly a reaction to the times article yesterday, it certainly had negative spin imo....
Dan, I'll admit I did think you were talking about Debenhams as opposed to the overall boo group as it was mentioned as a marketplace, my bad. I'm sure when the right opportunity arises boo will continue to do what they do and do very well.
I get what you're saying Dan, it seems it's not really that far from what I am, yes we have the platform but imo it's not yet ready to throw literally everything at.
I feel it will be one day but that's imo not quite yet, get it going get the existing and new brands on it, then add the right brands in the right way instead of throwing too much to see what sticks. I'm not deramping, far from it. I strongly believe boo have the foundations for something amazing, but it still needs to be done in the right way at the right time or I feel it could still be overstretched.
Perhaps you're misunderstanding my last post ragtrade, I'm merely saying to not spend on more brands right now as others are suggesting, but spend instead on developing the new acquisitions then add more later when the right opportunities arise, not to not spend at all, just to spend right.
Having money to spend doesn't mean it has to be spent straight away, why do you think many are in the not so fortunate position they've found themselves in?
All in good time, let's set the foundations at least of the new acquisitions under the boo group ownership, then continue the trend of looking for the right opportunities to expand and, or fill any gaps moving forward.
Rome wasn't built in a day, and giving it's relative infancy boo has done amazingly well to get where it is with the potential that it has by taking on brands that long preceded it.
Agreed, no more brands needed at least not for the time being. Boo wil have their hands full at the moment no need to overstretch.
Old brands perhaps but each have their own following do good for diversification, imho if we secure them I think boo have made the smart move alongside Debenhams for an overall good price, onwards and upwards!
@Johnny1234
Is going on to say about boohoos "fundamental issues" not media hype or is the hype ok if it confirms ones own bias?
Don't assume to know
I agree Debenhams is a better move given the circumstances, I was always apprehensive about Topshop, and if as you say it could hardly be "cherry picked" due to increased competition for a better price and lower overheads it's out of the question anyway, plus I feel it will be overpriced
@kitty
"hence why Debenhams was in trouble as it’s a Department store"
That's all you needed, as with boo it's no longer a department store but a warehouse, all those leases, rents, rates, wages and other overheads gone.
With the traffic they do get (those close to you and I'm sure many others aside), 300m hits per year isn't to be sniffed at.
Conversely, I can assure you I'm not "typical Debenhams demographic" however buying Christmas gifts online last year I did buy some from Debenhams yet I've never been into store other than when looking to compile a wedding gift list, and yes parts did look dated then. but it came high in search results and on Google shopping, it was competitively priced and was a name I'd heard of so, I bought, I'm sure many others have done that too and would continue to do so.
Personally I think it's a good move, and one probably better than unquestionably overpaying for Topshop imho.
SuperNO....