RE: Frasers…..30 Oct 2023 23:57
Shein have already taken loads of customers of Boohoo and Asos in UK and USA.
Customers are only interested in price and don't care how long it takes Shein to deliver.
This is why Boohoo are having to throw everything at reducing their prices to compete against Shein.
It's costing Boohoo a fortune to compete against Shein on price.
Why do you think Boohoo is loss making and won't make a profit, albeit a small profit, until fy2026?
Who in their right mind would want to buy Boohoo or ASOS?
Michael Murray CEO is speculating on making a bit of money on shares of Boohoo, Asos, Currys, etc.
Asos have huge losses and need to repay a £500m bond in a couple of years.
Currys have huge debts. Boohoo has rising debt.
Cost of living crisis is still affecting fashion retailers and the likes of Currys too.
Will you try to come down to earth and think rationally?
No, you're not going to make loads of money on Boohoo shares.
They'll probably go down again from here.
I can't believe that Boohoo shareholders can be so gullible.
Greed probably makes you too gullible.
How not to invest is all on this Boohoo chatboard and how people can so easily be taken in is all on here too. It's a mind blower, this chatboard.
It's the best learning experience on how not to invest in shares. It's like a comedy show maybe a fantasy show. It's certainly not reality.
Maybe somebody needs to write a comedy series on this chatboard.
It's so hard to believe real people think like this. I'm sure it'd get loads of laughs as a comedy series.
Anybody out there want to have a go at pitching it. You'd probably make a fortune. Oh dear, another stampede. Amazing what greed does to you.