Member Info for Peoplepower1

Boohoo have put in place a Revolving Credit Facility of £325m from March 2022.

What is a revolving credit facility?

A revolving credit facility (RCF) is a type of credit that enables you to withdraw money, use it to fund your business, repay it and then withdraw it again when you need it.

It’s one of many flexible funding solutions on the alternative finance market today.

Great post Geodave1983 and thank you for your comments.

At least he hasn't sold any of his shares.

Joules share price now 35p, be thankful you don't have any of them.

Joules is down nearly 36% today, be glad you're not holding them.

The old rule - ‘if the guy who knows the business best is selling, do you really want to be buying?’

So no-one who knows the Boohoo business best is selling their shares. That's a good omen for the future of Boohoo.

US consumer sentiment improved for the first time this year in April as a strong labour market and falling petrol prices from the March peak improved optimism.

10.45m Boohoo shares changed hands today.

https://uk.investing.com/equities/boohoo-technical?period=86400

Closing Price Link

Closed at 81.24p

For me, Ukraine have to win against Vladimir Putin. If Vladimir Putin isn't defeated, then he'll move on to invading other countries. Moldova being the next one.

I know this is the Boohoo board, so sorry I felt I needed to add my two penneth to this topic ....

boohoo Group – Matt Britzman, Equity Analyst

Markets have already been prepped for what to expect in next weeks results. March’s fourth quarter trading statement pointed to cash profit (EBITDA) in the region of £125m, though analysts are pricing in £115m. And that really highlights sentiment at the minute, despite sales in line with revised guidance in the last update, a substantial profit downgrade in December means confidence is still low. Delivering on profit guidance this time around would be another step in the right direction to bring some stability back to trading.

boohoo’s troubles, though hopefully short-term, are stacking. Higher returns rates are never good for retailers and with customers back to buying going-out wear, that trend’s expected to continue into the first half of 2022. There’s also been a range of issues getting supplies overseas which has hurt delivery times, derailing the group’s main attraction – quick access to evolving trends. Commentary so far has pointed to pandemic-related issues, and given international trade is a growth area for boohoo, we’ll be hoping to hear the supply chain pressures are easing.

Inflation can’t be ignored either, higher freight costs are expected to shave £20m off cash profits for 2021. Guidance on gross margin for 2022 will be watched closely, it’ll be an indication as to how much of an impact these are set to have in the coming year.

Put the emails to head honchos under ESG i.e. Governance. Is it good governance to lend shares to shorters who can manipulate share prices?

Everything is worth a try. If you don't try emailing head honchos, then you'll never know.

There are more shorters because shareholders lend out shares. The way to stop this is to get shareholders not to lend shares.

Make sure your shares are in your name then they can't be lent to shorters and email the head honcho at institutions to ask them not to lend their shares for shorting.

If you want to stop shorting then you need to do something about it yourself and not leave it up to someone else to do.

Yes, well, Jacob Rees Mogg does own a hedge fund so don't expect anything from the Conservatives to sort out shorters and MM collusion.

Asos and Thug going up a tiny, little bit, so maybe 76p is the price to buy Boohoo now.

Place your bets and take your chances........

Out of interest marfthew how did you spot the huge gap left at 76p?

Well done marfthew. If you find another gap in the future, please post it. I'm no good on technicals however I try to learn.