Member Info for Peoplepower1

In your dreams and mine too. Wishful thinking on my part. A good learning exercise for me and you and many more too.

The exuberance of hope.

Nothing is ever already priced in. That's simply belief or hope that the share price won't fall further.

And if it's below 6-7% EBITDA it'll spiral down.

For me, 500p if it ever happens is at least 10 years away.

Never chase a share.

And there is still Shein taking growth away from Boohoo particularly in USA.

Everyone is entitled to their opinion and views regardless of whether they're right or wrong. There must always be room for all.

That's already been said hence why I gave the opposite view.

What will happen if the results are not in line with expectations for Boohoo and are worse than expected? That goes both ways.

Same on here regarding psychology of people. There are those who believe in Boohoo and those who don't.

It's nothing to do with comparison. It's about relief for Joules so people chase Joules shares and then some more go after Boohoo shares thinking it will go up from here.

It's about the psychology of buyers and sellers.

Joules interim results weren't as bad as expected from the Joules update provided a few days earlier.

The going concern analysis spooked holders of Joules and it was sold off heavily even by institution holders.

There are those on here that think the Boohoo share price will go up from here and then there are those who think it still has further to fall.

It looks to me like the Boohoo share price is getting a bit of a lift from the significant rise on Joules share price.

Joules share price has jumped up because the interim results released weren't as bad as expected.

The UT was at 95.74p which was below the bid and ask prices at the time.

The bid price was 96.14p and the ask price was 96.40p.

Exactly Boohoo have customer orders to the USA and of course returns from the USA too.

Not everything will be coming from Turkey. Boohoo will still be relying on other worldwide places for their textiles and manufacturing. These will still have inflated prices to air or ship freight them.

These are costs that will impinge the profit margins of Boohoo.

Maersk are saying they don't see normalisation of sea freight until at least the second half of 2022. Sea and Air freight costs may come down but with inflation will they ever return to pre-pandemic levels. Who knows?

Too many headwinds and tailwinds for Boohoo at present hence why the share price has gone down.

From FT:-

Tim Spector, professor of genetic epidemiology at King’s College London, said the planned rule change in England was “pragmatic” as self-isolation rules were “essentially self-policed”.

“No longer mandating isolation periods isn’t going to make a big difference,” said Spector. “The people who are currently respecting the rules will probably carry on respecting those rules even if they’re not legally enforced.”

But he stressed the need to continue with “strong public health messaging”, adding that the government “must not pretend it’s over”.

However, Professor Christina Pagel, a member of the Independent Sage group of science advisers, called the move “depressing”, adding that it would make going to work or going out in public “riskier” and would adversely affect people in jobs “where it’s not easy to work from home and there is pressure to go in”. 

“The implication is that [the government] expects everyone to get infected, more than once, for a disease considerably more infectious than flu and considerably more dangerous than a cold,” she added.

Boris Johnson has announced plans to end the legal requirement to self-isolate after a positive Covid-19 test as he moves to scrap the last remaining coronavirus restrictions in England.

Boris Johnson weighs ending Covid self-isolation rule early in England

PM says legal requirement might be lifted in late February as remaining restrictions are removed

Maybe another reason for Boohoo's share price going up today.