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You're a sad man because you don't want to see the reality. Mike Ashley can afford to lose his money in Boohoo.
Yeah yeah yeah NMW1969 - you know everything as usual. I have bought and sold Boohoo shares since 2015. I've read and researched them since 2015. I know much more about them than you do.
Mike Ashley has already lost millions on the Boohoo shares he's bought.
Mike Ashley is a cowboy. He doesn't have any more insight into Boohoo than you or me. He can lose money too. He's already lost loads of money on the over 10% of shares he has already bought in Boohoo.
The reality of Boohoo is declining revenue, declining active customers, declining profits and rising debt.
Boohoo are putting money into a US Distribution Centre that may fail, may not make any profit for 3 years.
Nobody knows, not even you, nor Mike Ashley nor Mahmud Kamani nor Umar Kamani.
Boohoo may not make any decent profit fro about 3 years so how they're going to survive. With using more and more of the £325m revolving credit facility and how are they going to pay this back without making a decent profit.
Barclays are forecasting £6m profit for Boohoo for up to 28 February 2025 and £26m profit for up to 28 February 2026. We know already Boohoo aren't going to make a profit for up to 28 February 2024 and they're going to have debt of about £70m.
Boohoo are never going back to making 10% profit from their revenue or at least not in the next 5 years.
Let's not look at the reality. Let's hope Mike Ashley's going to save us. That one was tried before and never happened.
Mike Ashley would want Boohoo for about 10p a share. As would Mahmud Kamani. They're not interested in other shareholders, only themselves.
The reality of Boohoo is declining revenue, declining active customers, declining profits and rising debt.
Mike Ashley owns 72% of shares in Frasers. His son in law runs Frasers for him now.
Mike Ashley has shares in Next, Mulberry, Hugo Boss, AO world, Currys, ASOS, Boohoo and probably many more.
Do you think he plans to buy them all?
I think Mike Ashley has shares in Next, Mulberry, ASOS, Boohoo, N Brown, AO World, Currys, Hugo Boss and probably many more.
Do you think he intends to buy them all?
The Boohoo holders on here went chasing for more shares when Ashley and Umar Kamani bought some Boohoo shares. Look what happened, the share price went down again.
Everybody holding Boohoo shares on here saying Ashley and Umar were gurus. They are no more gurus than you or I. They just happen to have more money to buy larger shareholdings. And, hope they'll make some money from them. They don't know nor can't see into the future. Nobody can.
Stop treating them like Gods.
Such desperation stinks because it means you know Boohoo is a failing business and needs rescuing. Unfortunately there is no rescue. And if there was one, like Ashley or the Kamanis, you can be sure they'd be buying it at a lot less than 30p a share.
Same old, same old, we've been here before that Ashley was some sort of saviour and look what happened, the Boohoo share price went down again.
Reading this board is like fantasy land. No reality whatsoever. Desperate holders looking for desperate measures to save them.
By the way Globaldata's share price at 142p is a lot more than Boohoo's share price at 30.33p. Maybe Globaldata know more than you think about Boohoo.
This board is such a great learning experience on how desperate Boohoo share holders can become and how they never admit nor learn from their mistakes.
Ashley and Umar's previous purchases held up the Boohoo share price for a little while and it went down again.
Shein don't need to buy Boohoo nor ASOS for infrastructure. They have Frasers in the UK who will also have warehouses too. And Forever 21 in the US who will have infrastructure beyond shops. Shops need warehouses to hold stock too.
China is the US's third biggest exporting country. The US sells a lot to China.
Missguided could give Shein access to using Frasers infrastructure. Shein doesn't need to buy Boohoo nor ASOS.
Shein don't need any of this.
Shein don't need to take over Boohoo.
China and US need each other for trade. There'll always be contentious points.
China remains the biggest source of imports into the US, and last year trade in goods between the two countries hit an all-time high of $690.6 billion. US imports from China totaled $536.8 billion, accounting for about 17% of its total imports. Exports to China were $154 billion, 7.5% of total US exports to the world.
American companies have huge manufacturing networks in China and rely on Chinese consumers.
Tesla, which opened a factory in Shanghai in 2018, now makes half of its electric cars in China. Apple still makes many of its iPhones there. Others consumer brands like Starbucks and Nike have a large customer base in China. Intel, Microsoft and General Motors derive a sizable portion of their revenues from the country.
China is also the No. 2 foreign creditor to the United States. It held $835.4 billion of US Treasuries at the end of June, according to most recent data from the US Treasury Department. That’s second to Japan’s official stash of $1.11 trillion.
Louise Deglise-Favre, apparel analyst at the analytics firm GlobalData, said that Boohoo was being forced to "reckon with reality”.
She pointed out that its struggles were also partly due to the meteoric rise of Chinese company Shein, "which has jumped to the top of the ultra-fast fashion game and continues to steal market share”.
She suggested that other consumers might also have changed their priorities when it comes to shopping, preferring to invest in longer-lasting pieces.
But Boohoo still needs to compete with competitors like Shein and Fashion Nova, and "it will need to upscale its marketing efforts if it hopes to compete," Ms Deglise-Favre added.
I think there’s too much competition for Boohoo, too much money needed by Boohoo to fight the competition.
When I said it was cheap to set up a website and sell, I meant it doesn’t take billions to set up as online competition to Boohoo. So, there’ll be more and more competition online.
And offline. Primark realised they didn’t need to be online to compete against Boohoo.
A few years ago, it was online were going to decimate offline, now it’s offline who are decimating online because people are going back to buying in shops.
Things change, tastes change.
What happens when fast fashion goes out of fashion? More and more young people may decide against fast fashion.
In my opinion, there are too many risks for Boohoo ever getting back to 10% profit from their revenue. I think this is what is needed for investors to consider buying Boohoo shares again and for the Boohoo share price to steadily rise in the future.
If you think the cost of living crisis isn't affecting Boohoo, then, you need to watch Boohoo’s presentation for its latest interim results.
AIM index has dropped below 700 which adds to the woes of AIM shares.
NMW1969 - there's loads and loads more online competition for this. It's cheap to set up a website and sell. You'll get more and more online competition.