Member Info for oxygen

Guess it helps cover over their initial error by averaging down, but thought they’ll wait a few more days as selling pressure still has upper hand, and SP is currently in no man’s land. Still not their money !

Fascinating how Retail Investors quickly lose patience and change tack suddenly plunging Into another Stock, most without again doing the slightest research , and wonder why in a few days it again loses them money !

Currently it’s all just unknowns but if you’re prepared to wait it could turn in your favour…..it should, if Management get control as the core business model is sound, but they need to regain the Markets confidence in meeting or exceeding Targets set. Anyway GLA, most of us have been on the wrong side at times, can be a painful lesson !

Of course the Company have to sound upbeat, but it’s been marked down on the Profit Warning for very good reason and until definitive results show otherwise, this is now likely to bounce around at current levels as Trades unwind on both sides. The balloon has been well and truly punctured with better opportunities elsewhere.

Difficult to see sentiment changing any time soon and that’s what driving this based upon the Profit Warning. Sorry for those who feel locked in….just hope BoD don’t rub salt into the wounds and benefit again from buying shares cheaply, from those who need to exit. Another example of the Retail Investor placed at disadvantage.

Would be nice to know their Price Target date…..clearly not imminent from his comments !
“There are some transitionary effects in this reset but we find it hard to build confidence on how this rebuilds in the near term,” said Andrew Ross, an equity research analyst at Barclays, which downgraded the stock from overweight to equal weight and slashed its target price from 395p to 135p.

Wouldn’t surprise to see a few Management changes in the next few weeks. Overseeing a 75% drop in the SP over the last 18months due to a complete miss of forecasts, moves from carelessness to sheer incompetence . Difficult to see an investment case here based on recent performance .

“why do all the analysts have a 100% upside “…because they base there modelling predominantly upon what the Company is forecasting . The often lambasted ‘Short Traders” are the ones doing their independent research and more often than not are seen to be correct !

Yep, can expect more BoE rate rises next year, although it remains to be seen if they will match the FED’s promise of 3 rate adjustments in 2022. Anyway with inflation expected to hit 6% by April against a target of 2%, it ain’t looking good for either the Housing Market or those on low income. Increased Fuel costs alone (which are only going one way now) hit many fairly quickly……not out the woods anytime soon, it appears !

Courtesy of the Times today…obviously BH fan base is shrinking !…

“Log on to the Boohoo website and it’s “up to 80 per cent off everything”. So maybe the market was showing some restraint in demanding a mere 23 per cent cut to the retailer’s share price, now down to 106.5p.

It’s the result of Boohoo’s latest sob story. Executive chairman Mahmud Kamani is seeing shoppers return more clobber, even his personal favourites like the Cut Out Plunge Mini Dress: a design loosely based on the share price chart. More than a third of togs are sent back, up 12.5 percentage points. Then supply chain chaos has hit overseas sales, doubling US delivery to ten days: too long for impatient Americans.

The upshot? Lower than expected sales, margins and profits, with mid-range ebitda guidance cut by about 35 per cent to £128 million. As for the shares, they’re down 75 per cent since June 2020. Tearjerking stuff.”

Guess more negative press will appear over the weekend.

Best not get fixated on BH , plenty of other investments around that aren’t quite so sensitive to the inflationary pressures now building, which will shortly be hitting their target market with mid-pandemic discretionary spending, likely to be focused elsewhere. That’s not to mention Managements ability of meeting its latest targets. Lets hope John Lyttle finally
shows a modicum of hope there, and soon buys substantial Stock, but not holding my breath.

Interesting you think the Market’s over reacted….so their collectively wrong and you’re right, OK I can see where you may be going wrong !

Not sure why anyone thinks they had prior knowledge as all the warning signs were there if you looked. Norges Bank are the interesting one, bit of a slumbering giant with a long term outlook, but still should have done better homework which could have saved them a few bob, and may have persuaded them otherwise. Still, those investing with others money won’t be too worried.

Well Zeus Capital would say that, as the Joint Broker ! Again merely transcribing what the Company are forecasting….others looking at the wider picture are reaching different conclusions !

Unless Management are that careless then they can probably get away, but seems that Liquidity is Net Cash £70m & a Rolling Credit Facility of £100m of which £50m has been drawn already, so they’re not fireproof ! Guess II’s are now questioning the purchase price of PLT !

“I think only a change in attitude and increased consumer awareness re the environmental impact of returns can change this “ Quite agree and as an aside it will be interesting to see how the growth in ‘online clothes rental” goes, as that is very much their USP to lessen wastage / land refill and the obsession with buying new !

“We have 70 million net cash “yes, but note within Interim Statement they had taken £50m out of their Rolling Credit Facility as clearly the working capital was putting them under some pressure…..another sign for those looking !

Just goes to show the calibre of many Sell Side Analysts out there who don’t really
do their own research and seemingly just rely upon what a Company knows they want to hear. Salespeople should know their product but once sold it’s often not their problem any longer !

Question why Directors allowed the SP to sink before this late update. They will have seen the direction of travel weeks ago and may have been able to limit the downside to protect Shareholders, had they acted earlier. Significant BoD purchases now would really rub the salt in, dare say a greedy tactic !

Probably not quite so daft as someone suggesting recently they would have over £200m in the Bank on YE…but they’re so many pointless guesses being made on this BB, it’s hard to keep up !