Member Info for oxygen

You may also like to reflect upon Amazon ‘s intention to spend its entire Q2 profit, estimated at $4 billion, on its Coronvirus costs ( Employee testing / ppe / reorganising whse’s etc ) . Just goes to show the hidden costs currently being incurred by those you would have thought somewhat sheltered from this virus. These to come out later.

Will hopefully be Kamani resigning as Exec. Chairman who as co founder & 12% owner doesn’t inspire confidence in its Corporate Governance. BOO need an Independent Chair and it seems fairly quickly to gain the City’s confidence back.

Per PS...”In my view, it's the job of Governments to police working standards and minimum wages, not retailers, which simply don't have the resources to do it, given how tight margins are now”

So Paul you’d like the taxpayer to subsidise Companies like BOO via the Government undertaking such audit control ? That should go down well. And what’s this about ‘tight margins’....BOO revealed a Gross Margin of 55% in last TU.....ok they won’t hit that again but even so I wouldn’t call it tight !

Do you really expect anyone to discuss their personal financial arrangements on a chat board...grow up.

PP...well if others are doing wrong they will ultimately be found out, you can’t cure employee exploitation overnight. Currently BOO and the clothing trade is in focus and few have sympathy with their plight. Its been a well known problem for years that the UK industry have been trying to compete with overseas mfrs, but they can’t. Overseas labour markets reflect local conditions...taxation/ living costs / accepted standards of living etc etc. The UK is in a privileged position....that’s why it’s remains an attractive destination for many, but its days as a low cost / labour intense mfr are gone....something the Board of BOO would have been aware of !

Perhaps more worrying is the fact that Global Equities have hit a 5 month peak to coincide with the highest number of reported Coronvirus cases this year. Will be interesting to see what the Markets do from here on. Will they stay on the sunny uplands drive or take the cliff road !

And if the Market gives back today’s wider gains I’d equally be nervous going long !

and with the Pension Hand brake released who would have thought dear old PFD would be a multi bagger for new entrants this year. Still a long way to go.

Can’t see this story going away anytime soon. It’s got all the ingredients Tabloids relish...likely benefit fraud/ exploitation/ politicians collective inaction / Landlords ‘nelsons’ on H&S issues.....you name it and Leics seems to have it. No wonder BOO wish to distance themselves from it all asap......investigative journalists will be all over this for weeks to come.

“You don't honestly believe that young women think like this do you? “....the point being without cash their normal instincts are curtailed !

Bit difficult buying without cash coming in , on a maxed out Credit Card !

What’s the unemployment outlook within their target market ? Not good I would hazard a guess , with 9.1m workers currently on government wage subsidies , soon due to end together with their employment chances and many in the customer facing hospitality sector where looking presentable is a pre-requisite. No real need for a new outfit if staying at home or applying for work via zoom !

“but private investors don't control the market “ ....no, but they can heavily influence an individual stock dependant upon percentage held by Institutional Investors and level of “liquid “ stock in play. Plus Retail Investors are more likely to follow the ‘herd instinct’ having not undertaken the same level of research as II when buying, nor having the same level of access to Mgmt eg. Capital Mkt days , hence are more likely to panic. Basically the RI is generally disadvantaged !!

Ha, yes guess he’s not got much to do so thought a coffee and chat would pass the time.

“ September statement is critical “ , absolutely. Its a question of whether they try and put this current issue behind them, which there PR team will require, but in doing so Mgmt will likely paint worse case scenario from which they can move forward from, and beat. Until more clarity is given expect much volatility so in the meantime this remains a day traders dream.

Very high probability that this test kit will succeed and thus become a very valuable additional USP for their Microtox LX analytical unit. Just what the world needs !

Only currently need declaring to the FCA above 0.1% of issued Shares. That still leaves many to be holding short positions in excess of 1m shares each, below the radar. That would embrace most retail investors who don’t believe the BOO story and that seems to be a growing number.

Lets hope the Terms of Reference for this review are wide enough so that Ms Levitt takes up the challenge !

You employ tactics when wishing to offload such a large holding and for them it seems to be working. Don’t be surprised if they are not back in the Market soon to finish the excercise.

join Standard Life Aberdeen and take the moral high ground who criticise Boohoo's response to exploitation claims as "inadequate in scope, timeliness and gravity” and in doing so, dump the Stock ?