Member Info for Peoplepower1

https://www.google.com/finance/quote/.DJI:INDEXDJX?sa=X&ved=2ahUKEwinoYrHmM31AhVSQMAKHQYQASgQ3ecFegQIChAU

Dow was down 800 points, now nearly 700 points

https://www.google.com/finance/quote/VIX:INDEXCBOE?sa=X&ved=2ahUKEwjJrZedmM31AhXYgVwKHQurBH0Q3ecFegQIBhAU

The S&P was on course to confirm a correction, now down 11.3% from its record closing high on Jan. 3.

A correction is confirmed when an index closes 10% or more lower than its record closing level.

And the CBOE Volatility index, a widely watched measure of investor anxiety, was last trading at its highest level since January 2021. The MSCI world equity index, which tracks shares in 45 nations, was down 2.55%.

NATO said on Monday it was putting forces on standby and reinforcing eastern Europe with more ships and fighter jets in response to Russia's military build-up at Ukraine's borders.

The U.S. State Department on Sunday ordered diplomats family members to leave Ukraine, while U.S. President Joe Biden weighed options for boosting U.S. military assets in the region.

"Dealers are worried about the prospect of a war in Eastern Europe as the human and economic cost would be huge. Some central European economies like Germany are heavily dependent on energy from Russia, and should a war break out, it’s a possibility those energy supply lines would be cut, which would cripple economic output in the EU," said David Madden, a market analyst at Equiti Capital.

The pervasive risk-off attitude appeared in oil markets too, as prices dipped by as much as 3% after closing Friday with a fifth straight week of gains.

After 5 days of a losing streak for the Boohoo Share Price, an up day is certainly needed:-

Date Price Open High Low Vol. Change %

Jan 24, 2022 101.00 102.80 103.42 97.38 17.88M -1.99%
Jan 21, 2022 103.05 104.00 105.40 98.54 13.20M -2.00%
Jan 20, 2022 105.15 106.65 111.80 104.80 7.56M -1.59%
Jan 19, 2022 106.85 108.00 110.81 106.73 8.85M -2.11%
Jan 18, 2022 109.15 112.90 114.35 107.40 12.48M -3.32%

https://www.google.com/finance/quote/VIX:INDEXCBOE?sa=X&ved=2ahUKEwj-kML6jMv1AhWynVwKHajkDnkQ3ecFegQICRAU&window=5D

He corrected that on his next post by saying £100 profit and not £100k.

So, Boohoo shares could be worth 112p by the end of 2023 and not 186p by the end of 2023 as stated by Rupert Hargreaves in his Motley Fool article dated 22 January 2022.

Rupert Hargreaves in his article for the Motley Fool dated 22 January 2022 wrote as follows:-

"However, this projection does not take into account any potential growth over the next decade. Suppose the company can achieve earnings growth of 10% per annum for the next 10 years. In this case, it could report earnings per share of 14.3p for 2023. In this scenario, even if the stock can only achieve a sector average multiple, the shares could be worth 186p.”

An eps of 14.3p for 2023 is incorrect. Maybe he means 2029!!!

Anyway, the Boohoo EPS for end of year 2021 was 7.24p so with 10% growth to 2023 this would take it to 8.756p and not 14.3p.

According to the Profit Warning Trading Update dated 16 December 2021, Boohoo Group total net sales for the three months to 30 November 2021 were up 10% on the same period for 2020.

(For your information, net sales figure gives an accurate account of your sales. As opposed to the gross sales figure, net sales is the total amount after discounts, returns and damaged goods are removed.)

Net sales impacted by returns rates that are 12.5 percentage points higher than last year, and 7 percentage points higher than pre-pandemic levels driven by an exceptionally high dress mix

For the year ending 28 February 2022, the Boohoo Group now expects net sales growth to be 12% to 14%, compared to previous guidance of 20% to 25% growth.

This reflects our expectation that the factors impacting our performance in the Period persist through the remainder of the financial year, and recent developments surrounding the Omicron variant could pose further demand uncertainty and elevated returns rates particularly in January and February.

Adjusted EBITDA margin for the year is expected to be 6% to 7%, compared to previous guidance of 9% to 9.5%, implying adjusted EBITDA of between £117 million to £139 million.

This is due to significantly higher returns rates impacting net sales growth and costs, with continued extended delivery times impacting international demand, consequently driving lower returns on marketing expenditure, and significant ongoing pandemic-related inbound freight cost inflation.

Ramping comes from too much belief in Boohoo.

Deramping comes from having your fingers burnt and losing your belief in Boohoo.

I'm so sorry Icarus that you lost a fortune on Boohoo due to my posts in the past.

Unfortunately, I did believe in Boohoo too much back then.

I didn't see the likes of Shein coming along, making huge inroads and taking revenue and profit from Boohoo. I didn't think the problems with Leicester would hurt the share price so severely. My mistakes.

Now, I try my best to give the other side, so people don't lose a fortune buying Boohoo shares.

Nobody knows whether or not the Boohoo share price will go up or down from here. Posts on here are opinions, views and beliefs of the posters.

I think until UK institutions start buying Boohoo shares again, then the Boohoo share price will languish. I could be wrong.

From the FT article:-

“The equity market has become very bearish [over the prospect that] the Fed will be forced to act,” added Jim Tierney, a fund manager focused on growth stocks at AllianceBernstein. “The Fed has never in the last 20 years — in most of our investing careers — been hyper hawkish, but the market now is pricing in the idea that they are going to have to be.”

19th January 2022
Boohoo : GOLDMAN SACHS CUTS BOOHOO PRICE TARGET TO 190 (210) PENCE - 'BUY'

14th January 2022
Boohoo : Morgan Stanley cuts target price to 122p from 229p

22nd December 2021
Boohoo : Liberum cuts target price to 200p from 360p

21st December 2021
Boohoo : Credit Suisse cuts target price to 170p from 265p

17th December 2021
BooHoo: Barclays cuts target price to 135p from 395p
BooHoo : Barclays cuts to equal weight (i.e. hold) from overweight
Boohoo : BofA Global Research cuts to neutral (i.e. hold) from buy
Boohoo : BofA Global Research cuts price objective to 130p from 300p
Boohoo : Deutsche Bank cuts target price to 230p from 370p
Boohoo : HSBC cuts to hold from buy; cuts target price to 115p from 405p
Boohoo : Jefferies cuts target price to 165p from 430p
Boohoo : JP Morgan cuts target price to 230p from 480p
Boohoo : Stifel cuts target price to 200p from 340p
BOOHOO: INVESTEC CUTS BOOHOO TO 'SELL' ('HOLD') - TARGET 95 (170) PENCE

What if Citigroup and Northern Trust via Jupiter sell their remaining Boohoo shares?

What if Jupiter sells its remaining Boohoo shares?

According to this website on the page for Boo Share price the 52 week low share price for Boohoo was 96.82 on 17 December 2021.

Click at the top of this page on the Boo Share Price and look through the boxes of numbers, then you'll find it.

The digital fast fashion retailer is cheap for a reason amid slowing growth, supply chain pain and Chinese competition

Can anyone access the rest of this article??

https://www.sharesmagazine.co.uk/article/there-are-big-obstacles-to-a-boohoo-recovery

Anyone got full access to this article. What does it say?

Thu, 13th Jan 2022 07:12 LONDON, Jan 13 (Reuters)

British online fashion retailer ASOS reiterated its already downgraded outlook on Thursday after supply chain constraints and volatile demand limited sales growth in its four months to Dec. 31 trading period.

It posted total sales growth of 5% and said gross margin decreased by 400 bps to 43.0% driven by a need to discount goods and higher freight costs. It added that it intended to move to the LSE's main stock market, expected by the end of February.

Link to some great info I found on a USA motley fool chat board by SaulR80683

https://boards.fool.com/how-i-pick-a-company-to-invest-in-33119596.aspx

https://boards.fool.com/knowledgebase-2019-part-2-34381931.aspx

https://boards.fool.com/knowledgebase-2019-part-3-34381943.aspx

https://boards.fool.com/oh-this-time-it8217s-different-33123244.aspx

https://boards.fool.com/why-my-investing-criteria-have-changed-33122705.aspx