RE: And another one cuts Boohoo target price .....10 Oct 2023 20:53
You know youβre right when Boohoo holders who have already lost thousands and hundreds of thousands on their boohoo shares need to gang up against you because they canβt face the reality of their mistakes in buying and holding Boohoo shares. They know youβre right and canβt admit this to themselves, so they have to gang up against you. They canβt face their own truth. This is why they must always drown out any negative issues on here about the shares theyβre holding.
From Boohooβs declining revenue, declining active customers, declining profits, to Boohooβs rising debt. They donβt want to know about these and they donβt want anyone else on here to know about these. Declining revenue guidance of 12% to 17% for up to 28 February 2023 when it was supposed to be flat to 5% decline. They donβt want to even think about this.
When t4g thinks by Barclays saying thereβll be a profit of about Β£6m for end of year 2025 and about Β£26m profit for end of year 2026 somehow means Boohoo wonβt have used more of the revolving credit facility (rcf) of Β£325m. Boohoo have already drawn down the full Β£325m and are paying about Β£10m interest annually for this. t4g has no idea how much Boohoo will have used or needed to use from the rcf to make these profits because itβs only the interest payments that are deducted. Boohoo could have debts of up to Β£325m by end of year 2026 because no-one knows how much Boohoo will have used or needed to use of the rcf.
The problem with this chatboard is you all encourage each other to hold your Boohoo shares in the hope they may go back up. However, they may never go back up to where they once were. It may take them 3 years, or even more, to go back up a bit.
You need to get off all these chatboards to make your own decisions on the shares you buy and hold, otherwise, youβre being influenced by others who are in the same position as yourself. It doesnβt help to make good decisions about your shares by being on any chatboards. Chatboards help you to be a bad investor because you are influenced too much by others who are in the same position as yourself.
You need to do your own research, never rely on others and decide for yourself away from all these chatboards and away from all their influence on what shares to buy and hold.
This is the only way to make the best decisions for yourself. This is the only way to be a good investor.