Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Deutsche Bank cuts boohoo price target to 25 (43) pence - 'hold'
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Barclays cuts boohoo price target to 26 (30) pence - 'underweight'
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Goldman Sachs cuts boohoo price target to 37 (43) pence - 'neutral'
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SocGen cuts boohoo price target to 32 (41) pence - 'hold'
All downgrades for Boohoo.
Unfortunately, commercial property has dropped significantly in value, even in London. I doubt they'd get back the £100m they paid for it.
The problem is too much competition like Shein, Temu, Primark, TK Maxx, etc. The cost of living is hitting people hard so they cut back on clothes. When they do shop, many want to get outside to bricks and mortar.
Inflation is sticking, interest rates look like they'll remain high until end of 2024.
I would think the festive season is going to be tough as well for Boohoo.
Hence why Boohoo are looking to cut costs wherever they can.
The writing was on the wall from the time Boohoo overpaid for Pretty Little Thing. That was the time to get out of Boohoo.
Outlook and Guidance from Boohoo for comparison:-
The Group's focus for the year ahead is on rebuilding profitability and getting back to growth. For the year ending 28 February 2024 ("FY24"), revenues are expected to be between flat and a decline of 5% vs. the prior year, with increased emphasis on driving profitable sales. In the first half, revenues are expected to decline by 10% to 15% as a result of this action being taken. In the second half of the year, the Group expects to return to revenue growth as it benefits from the investments being made across price, product and proposition under the Back to growth strategy.
Adjusted EBITDA for FY24 is expected to improve year on year as a result of operational gains, cost efficiencies and cost deflation in our supply chain, with adjusted EBITDA margins of 4% to 4.5%, and adjusted EBITDA of between £69 million to £78 million, in line with market expectations. For FY24, capital expenditure is anticipated to be between £80 million to £90 million, and as a result of the actions we have taken on capex, working capital and costs, year-end net debt / adjusted EBITDA is expected to be approximately 1x, reducing thereafter, with the Group maintaining significant headroom on its long-dated £325 million Revolving Credit Facility.
I wish you all well for the half year results for Boohoo.
The simple answer is ragtrader has deleted his account hence why his posts have gone.
Thank you BrokeNSmoke - let's hope the figure is a lot lower now. Who knows?
WeeWee -- what do you need to happen for you to know in 24-36 months that you've made the right or wrong call?
Stop evading and answer the question.
WeeWee - answer the question and stop evading it.
Sadly yes BrokeNSmoke. 70% of people who buy shares do little to no reading and research.
WeeWee -- what do you need to happen for you to know in 24-36 months that you've made the right or wrong call?
Put your money where your mouth is and stop evading the question.
WeeWee - you can see from my posting history from 2015 when I bought Boohoo. It's called detective work or research, so you don't look a fool.
WeeWee - what do you need to happen for you to know in 24-36 months that you've made the right or wrong call?
WeeWee - where are your answers?
What would the results need to be for you to re-assess your view of Boohoo?
What would Boohoo's guidance for H2 need to be to re-assess your view of Boohoo?
WeeWee - where are your answers?
I've been on this board since February 2015 and bought and sold Boohoo since 2015. A board is for debating the positives and negatives of a share. If you can't consider the negatives of a share, then you're not being honest with yourself.
Thank you BrokeNSmoke - it's good to see you're thinking about it.
I wish more holders would think through these questions and not be so frightened of them.
We've done loads of reading and research on Boohoo and that's what matters.
Boohoo made a loss of £90.7m for their end of year results for 2023, i.e. up to 28 February 2023.
Hence why their share price is around 31p.