Member Info for Peoplepower1

J.Bash - what is the future? You don't know. You're hoping it will be good. What if it's bad?

The Watcher2022 - that's how you lose money on shares by not considering the reality of your choices.

Boohoo has gone below its so called support level of 33.90.

Knowbodyyouknow - you show your own stupidity when you come out with stuff like this. It's so juvenile.

£6m net profit for fy2023.

Boohoo only made this £6m net profit from stock inventory reduction of about £100m

Look at the gift you're getting:-

9% down in UK in fy2023 compared to fy2022

24% down at CER in US in fy2023 compared to fy2022.

8% down in Rest of Europe at CER for fy2023 compared to fy2022

8% down in Rest of World at CER for fy2023 compared to fy2022

13% down in what looks like the Middle East, Dubai at CER for fy2023 compared to fy2022.

Will Boohoo get all these customers back?

And with two downgrades from brokers this week.

NMW1969 _ I admitted my mistake and learnt from it. Have you?

Slacker246 - your name says it all.

PDS2023 - Exane BNP are seen as number one for research.

PDS2023 - sell-side analysts dig much deeper into companies than buy-side analysts.

PDS2023 - sell side analysts are under a great deal of scrutiny because in the past, they've been seen to be too lenient on companies.

PDS2023 - you've never been an analyst, says it all.

PDS2023 - so, it's just your opinion. You've never been an analyst.

PDS2023 - provide the evidence to support your statements.

PDS2023 - where's your evidence to prove this?

PDS2023 - It's amazing if the analysts were saying buy, buy, buy then they would be right.

Neutral means Hold which in fact really means Sell in reality.

Exane BNP cuts boohoo to 'neutral' (outperform)

This downgrade came out on Monday 5 September, this week.

You think Exane BNP and Goldman Sachs know nothing. They do research on what people are spending their money on and it's not clothes.

Downgrades for ASOS and Boohoo yesterday.

Goldman Sachs cuts boohoo price target to 43 (50) pence - 'neutral'

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Goldman Sachs cuts Asos price target to 515 (600) pence - 'neutral'

Analysts do their homework and know buying clothes is no longer a priority.

Why do you think Boohoo has had two downgrades recently from brokers?

They know what's going on in the clothes market and how people are not prioritising buying clothes at present.

People are prioritising going on holidays and going out with their existing clothes. Buying new clothes is no longer a priority.

T4g - Sosandar's customers have more money than Boohoo customers. And they made 10% growth up to end of July 2023. Holiday season, great weather. What does that tell you? It tells you people aren't buying lots of clothes, even the ones with the money to do so.