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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.

Https://www.proactiveinvestors.com/companies/news/1028676/boohoo-cannot-control-the-uncontrollable-analysts-warn-1028676.html

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.

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.

Https://www.ig.com/uk/news-and-trade-ideas/can-the-boohoo-share-price-finally-recover-post-half-year-earnin-231002

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.