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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.
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.
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.