Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
T4g - Primark and TK Maxx are huge competition to Boohoo in the UK. Plus in the US you have the same, Primark, TK Maxx, Walmarts, Target and many, many more.
NMW1969 - the reason Boohoo grew from 2015 to about 2020 because there wasn't the competition or investors ignored the competition. Now, there's more and more competition. And, too many holders on here are still ignoring the growing competition.
NMW1969 - Boohoo needs to prove it can turn itself around by producing the evidence. Too much against Boohoo, cost of living crisis along with too much online and offline competition.
Competition is too fierce now.
NMW1969 - that's how you lose money by not considering negative issues related to the shares you hold. I learnt the hard way. If you don't learn by your mistakes then you'll keep making the same mistakes over and over again.
I prefer to learn from my mistakes.
SuperMooseXL - there may be a change curve. It's a very small change curve. It might look big because of the way it's been drawn.
End of February 2025 a profit of about £6m and end of February 2026 a profit of about £26m. Poor profits.
With a cost of living crisis in the UK and US too, it doesn't take a genius to work out that shorting is the best way to make money on online retailers like Boohoo and ASOS.
SuperMooseML - On your link the Profit forecast is for February 2025 to be about £6m and for February 2026 to be about £26m.
Pretty poor profit forecasts.
Click on forecast to see these profit forecasts for Boohoo.
Investors look for profit and net profit at that. Boohoo doesn't look like a good investment with such poor profit forecasts up to end of February 2026.
NMW1969 - maybe if you'd taken on board what was said you could have sold out at a higher price and bought more at a lower price. This is all part of investing too.
Buying and holding in a bear market is not the best strategy at all.
The same for the US. There is a cost of living crisis in the US too. You need to be reading everything you can find about the US, inflation and interest rates for the US too.
This all affects Boohoo too and their USDC.
Some more from the link:-
‘If anyone wants proof that the cost-of-living crisis is still hurting parts of the country, just look at Ramsdens’ latest trading update," commented Russ Mould, investment director at AJ Bell.
From the link below:-
"Liberum believes that ‘the ongoing cost of living crisis and possibility of recession in full year 2024 will see more money being lent to customers through the pawnbroking business as average household bills increase and weekly disposable incomes reduce."
It's so important to keep up to speed with what's going on and how this could affect your shares.
Read everything you can find about the cost of living crisis so you're always up to date on it.
Https://www.sharesmagazine.co.uk/news/shares/ramsdens-delivers-record-annual-profits-as-cost-of-living-crisis-drives-pawnbroking-demand
These are the articles to be reading to understand the cost of living crisis and how this will affect Boohoo.
BrokeNSmoke - nobody knows if they are buys or sells. This website guesses based on the bid and ask price so you have to take it with a pinch of salt. Always look at the volume and not just what the website has as buys or sells.
London Stock Excahnge don't allow buys and sells to be recorded hence why website like this use algorithms to guess. You can't rely on this at all.
T4g - you need to watch Boohoo's presentation and learn.
For me, too many holders on here still got their heads in the sand and not being realistic about Boohoo's future.
Boohoo in their presentation said it was about price hence why they lowered their prices by 1% whilst others increased their prices by 8%.
Boohoo said in their presentation that for their customers it was all about price. That's how Boohoo started, being the lowest price and that's how they grew until Shein, etc. came along.
Boohoo have to compete with Shein on price, otherwise they'd lose loads more customers. Boohoo know this hence why they decreased their prices by 1% and no doubt will continue to decrease their prices with any savings they make.
Higher priced items for Debenhams and Karen Millen will take much longer to build and my guess would be at least another two years for these to make any real impression.
I think Mike Ashley also has shares in Next, Currys, AO Group and probably many more retailers.
04-Oct-23 Shore Capital Hold - - Downgrade
04-Oct-23 Canaccord Genuity Sell 47.00 18.50 Downgrade
Shore Capital have downgraded Boohoo from buy to hold and have no target price for Boohoo. As far as I am aware, Shore Capital have never had a target price for Boohoo.
Canaccord Genuity have downgraded Boohoo to sell and their target price has been reduced from 47p to 18.5p
It seems to me Boohoo are somewhat dependent on the revolving credit facility of £325m which is now £290m having used up £35m.
The concern may be, if those who provided the RCF decided to call it in for whatever reason. We don't know who provided the RCF nor any of the covenants, etc., attached to it.
Matt Earl, known as the Dark Shadow, has suggested Boohoo may have to raise £200m in a fund raising. What price would the share price have to be to get people to buy in, if this is needed? How much dilution will this cause?
Boohoo are saying they are waiting for green shoots of recovery to get growth. The problem is nobody knows how long this is going to take? Not even Boohoo.