Member Info for Peoplepower1

Https://www.proactiveinvestors.co.uk/companies/news/1028254/boohoo-results-not-expected-to-impress-as-mike-ashley-looms-1028254.html

And another one .......

Https://www.hl.co.uk/news/articles/next-week-on-the-stock-market-2-oct-2023

And another one.

Https://www.cityindex.com/en-uk/news-and-analysis/earnings-to-watch-this-week-to-2023-10-06/

There's loads of info on what may be expected from Boohoo's trading update on Tuesday 3 October 2023.

Thank you PDS2023 - it's good to see you've thought about it.

This is the question all Boohoo holders need to ask themselves:-

What would the results need to be for you to re-assess your view of Boohoo?

Posters learn nothing from insults on here.

70% of people who buy shares do little reading and research on them.

This is how to lose money. We all start out like this, thinking it's easy to make money on the stockmarket because we may have been lucky enough to get the first one or two right.

Then we start losing money because we didn't do enough reading and research. We thought we were invincible. We learn the hard way, we're not invincible after all.

Some of us realise we're getting it wrong and put in loads of time reading and researching, looking at where we went wrong, learning from our mistakes.

Some of us carry on doing the same old thing and never learn.

It's choice as to whether you continue to make the same old mistakes or learn from them.

I chose to read everything I could get, learn from the professionals and make money at getting it right as much as possible.

I learnt a strategy was needed, so I run with my winning shares and get rid of my losing shares.

I still make mistakes, however, I learn from them for my next investments.

No-one gets it right all the time. It's a learning experience.

Https://www.hl.co.uk/news/articles/next-week-on-the-stock-market-2-oct-2023

Https://www.hl.co.uk/shares/shares-search-results/b/boohoo-group-ordinary-1p/share-research

PDS2023 - I would ask you the same question as you put to pedro61.

What would the results need to be for you to re-assess your view of Boohoo?

From this research:-

Overall, we're more concerned about boohoo than we have been. With revenues expected to decline further next year, boohoo's got major challenges on its hands to turn the ship around. This has been reflected in boohoo's valuation which has come down significantly over the last two years. With so much uncertainty ahead, investors should expect a bumpy ride.

"We've become immune to these types of allegations. There's no transparency from Shein, or other fast fashion labels like BooHoo and Missguided."

Above quote from one of your links below.

This may well be another reason why fast fashion companies' revenues are declining. Young people becoming more and more aware of all this.

West6809 - it's because we are able to think outside the box. Holding shares can prevent you from doing this because you can only look at the positives and rarely look at the negatives.

I don't want a debate with you because it's time wasting for both of us.

Stores revenue for Card Factory was up 10.5%, whilst online was down 13%.

People are getting out and about to shop. Fed up of being indoors, whether it's working from home and a need to get out, or maybe, even getting tired of buying online and wanting to see the real thing again.

Shein aren't going away, Temu aren't going away. Too much competition online now. There will be more and more competition online because it's cheap to set up a website and sell.

People have returned to bricks and mortar. People got fed up of being indoors and buying online during the pandemic. They want to get out and about now. Card Factory's recent results show stores' revenue growing whilst online is falling fast.

Cost of living is still affecting customers. Interest rates are high and are expected to remain high to the end of 2024. Oil is going up for people's petrol, bus, train fares and heating their homes in winter. This will push inflation up again.

Here's who provided Shein's funding in May 2023 -

Shein's rich backers are Capital, General Atlantic and the U.A.E. sovereign-wealth fund Mubadala.

Both Sequoia and General Atlantic invested in previous Shein funding rounds.

Investors in the last Shein round were allotted more shares in the company to maintain the size of their stakes, the people added.

This link is from the 30 January 2023.

Shein have already raised these funds in May 2023.

If Shein are slowing, then Boohoo are slowing too.

Not my mistake t4g - Forex.com's mistake - check the link below:-

https://www.forex.com/ie/news-and-analysis/earnings-to-watch-this-week-to-2023-10-06/

Boohoo has promised to return to profitable growth in the second half of 2023. That means results will be uninspiring when it releases first half results and pushes the onus onto the outlook.

Let’s start with the first half. Revenue is forecast to fall 12.6% to £771.1 million, in the middle of its guidance for a 10% to 15% drop as sales contract in all its markets. That, in turn, is expected to lead adjusted Ebitda – its headline earnings measure – down 10.2% to £31.9 million. Boohoo is seen turning to an adjusted pretax loss of £12.7 million from the small profit delivered the year before.

Commentary around inventory could be a good indicator of how much progress it is making. Boohoo made a big dent last year as it tries to become faster and leaner. Athleisure giant Nike won applause this week after reducing inventories more than expected, and Boohoo could see a similar benefit if it can impress on this front. Inventories are significant as they have a big impact on profitability and cashflow.

The weak performance in the first half will only raise pressure on the second. Boohoo has said it is aiming to deliver flat to 5% growth in sales and increase adjusted Ebitda over the full year. That suggests it has a mammoth turnaround to deliver considering the sharpness of the falls in sales and earnings forecast in the first.

Any beat in the first half would raise confidence it can meet guidance in the second, while any softness in the results may cast doubt over its outlook. Either way, Boohoo needs to reiterate its full year targets to avoid upsetting the markets. The worry for investors will be how the deterioration in the economic outlook, as well as increasing competition from foreign and domestic rivals, will impact Boohoo’s recovery.

Never discount nor dismiss the squiggly lines. They can tell you what's happening before the fundamentals catch up with them.

Support seems to be at 31.79p. Boohoo has closed today at 31.58p so now looking at 30p.

No-one makes you behave in a certain way. You choose how to behave on here and elsewhere. So don't blame others for how you choose to behave. Your behaviour is your responsibility. To blame someone else for how you behave is coercion.