Member Info for Peoplepower1

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.

Nothing is ever totally firmly in the price.

As far as I know, we don't know how much Umar Kamani bought recently as it only has to be declared once 3% has been reached. So he may have had 2.99% already, before buying more to hit the 3% and above.

The questions Boohoo shareholders need to be asking themselves are:-

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?

It's about growth. Boohoo's revenue is declining. Boohoo's active customers are declining. Boohoo's earnings per share are declining. Boohoo has a revolving credit facility of £325m. Boohoo made a loss for their last year i.e. 2023.

From the link below:-

Boohoo Group half-year results

Tue 3 Oct: The Boohoo share price has been on a roller-coaster, rallying strongly from where it was a year ago to highs of 60p in April this year. Since then, though, the shares have slipped back towards the September 2022 lows as the online clothing retailer reported in May that full-year revenue declined 11% to £1.77bn. That resulted in a loss before tax of £90.7m, while gross margin fell to 50.6%. On the plus side, revenue was still higher than in 2021. The online retailer said it had reduced its excess inventory while taking steps to improve oversight of its suppliers, which had pushed up costs. Management also said they had consolidated market share gains in the sector, and expressed optimism that profitability would improve as they look to strengthen the balance sheet. The upcoming half-year results should offer investors an insight into progress in these areas. Half-year revenue is expected to come in at £774m, with gross margin at around 52.6%. The performance of sector peer Asos hasn’t been encouraging, however. Boohoo’s rival recently reported that Q4 revenue fell by 15%. One notable development of the last six months has been Frasers Group’s acquisition of sizeable stakes in both Asos and Boohoo, with the Boohoo stake currently worth 9.1%. If Boohoo’s soon-to-be-released half-year results disappoint the market, Frasers could seize on any share price weakness to increase their stake.

Https://www.cmcmarkets.com/en-gb/news-and-analysis/the-week-ahead-us-jobs-tesco-jd-wetherspoon-results

To Holders of Boohoo Shares:-

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?

What you may not understand is that when Shein get bad press this affects Boohoo too.

Shein and Boohoo and fast fashion all go together. So, if customers leave Shein, they are not going to Boohoo, they are going to more planet friendly, sustainable fashion.

What affects Shein affects Boohoo too, whether you like it or not.

Spk999 - posters learn nothing from insults.

Anyone who missed the link earlier has a chance to read it now.

It was in answer to alex1621 who said he hadn't seen any negative press articles about Boohoo's upcoming trading update on Tuesday 3 October 2023.

It helps to read the thread. Moaning doesn't help anyone except maybe to get rid of your own frustration with yourself at holding Boohoo shares.

Sorry, the Investor's Chronicle article was from 18 May 2023.

From Investor's Chronicle on recent update from ASOS, pertinent to Boohoo:-

Asos (ASC) chief executive José Antonio Ramos Calamonte has been in the job for under a year but is already facing serious questions about the turnaround plan he is spearheading. Investors hoped he could swiftly improve the fortunes of the youth-focused online clothing retailer, which is creaking at the seams from a post-pandemic slowdown in ecommerce, weak profit margins, and heightened sectoral competition. But the evidence so far suggests that investors looking for material short to medium-term improvements will be left dissatisfied, while the long-term case for the shares looks distinctly underwhelming.

Tip style

SELL

Risk rating

MEDIUM

Timescale

LONG TERM

Bull points

Signs of strategic improvement

Sales growth at flagship brand

Bear points

Might need to raise new capital

Falling profit margins

Customer base under severe pressure

Competition from market entrants

Asos’s weakening position has been evident for some time. The shares once traded at over £70 a pop, but now sit below the £5 mark. The post-Covid-19 trading landscape is not a comfortable one for the Topshop and Miss Selfridge brand owner, with its target market (those in their 20s) badly hit by cost of living pressures and forced to return goods at levels that are materially detrimental to profits.