Member Info for Peoplepower1

Reardon95 - all UK growth shares are down today.

Bertrumrumrum - exactly.

The trading update for next week for Boohoo was replaced with the profit warning trading update of 16 December 2021. If you read it, you'll see at the end of it, the next trading update will be early March 2022.

Click on the Boo Live RNS above and look for the trading update of 16 December 2021 and it's on there.

PhatStyle4321 - that's 200p for 2022-2024, so it may take some time to get there.

Analysts at Liberum slashed their target price for shares of Boohoo, arguing that the global supply chain logjam wasn't the only factor behind the online fashion retailer's recent profit warning.

The company's excessively optimistic guidance for the back half of 2022, i.e. September 2021 to end of February 2022, was also to blame, they said.

"We believe the inflated supply chain costs and weakened delivery proposition will persist for the next 12-18 months," they explained.

Hence, they slashed their estimates for Boohoo's earnings across 2022-24 by over 40%, resulting in a cut to their target price from 360.0p to 200.0p.

Higher supply chain costs were here to stay, the analysts added, telling clients that they would reset at a higher level following the pandemic.

Furthermore, they judged that the company would need to invest in prices and marketing to make up lost ground in the States and in the Rest of Europe.

In turn, that would keep its EBITDA margin below its 10% target out to 2027.

An increased rate of merchandise returns was another source of concern.

However, the analysts continued to be upbeat about Boohoo's longer-term potential and believed that it could hit its medium-term growth targets, because Chinese rival Shein's growth in the US could be in the company's favour in the long-run.

They also said they were "excited" by "developments" at Debenhams, where the opportunity was "substantial".

Changing hands on 0.6 times' their estimate for the retailer's EV/EBITDA in 2023, they believed the shares offered "good long-term value", which led them to reiterate their 'buy' recommendation.

ukshares92 - no it's not mid of Jan because that one was done on 16 December 2021 when Boohoo issued a profit warning.

It is stated on the profit warning trading update of 16 December 2021 that the next trading update will be early March 2022 which will be for the end of year results, i.e. up to 28 February 2022.

Fredster - it's on the last trading update of 16 December 2021 when Boohoo informed us of a profit warning. It is early March 2022 which will be for the end of year results i.e. up to 28 February 2022.

dannyred - for me, breathe a huge sigh of relief.

Djrtrad1 - the Boohoo share price may drop further if there are any bad shocks from the trading update by Next on Thursday 6 January 2022 and then the trading update by Asos on Thursday 13 January 2022.

Don't ever assume that these may already be priced in because the market can be very unforgiving when it comes to bad shocks.

I would think this is why people may be talking about a possible 40p Boohoo share price. For me, this would only happen if the shocks were really bad news for Boohoo.

Djrtrad1 - I believe there are four price targets by analysts since the profit warning on 16 December 2021.

These are 200p, 230p, 135p and 115p.

Djrtrad1 - you need to be aware that some of the share price targets by analysts are before the profit warning released on 16 December 2021. In my opinion, you can only rely on the price targets provided after the 16 December 2021.

I would guess the Boohoo share price is going down today because all UK growth share prices seem to have gone down today.

It will all depend on Asos' Trading Update on Thursday 13 January 2022.

If it's not good, then Boohoo share price will plunge again. Don't assume it's already priced in because the market can be very unforgiving.

If it is good, then Boohoo's share price will continue its rise.

Continued

Mike DeWine, Ohio governor, last week told reporters: “We have more Ohioans with Covid in the hospital - than we’ve had at any other time during this pandemic”.

He said the state’s hospitals were “filling up”, adding that this was “being driven by people in Ohio who are not vaccinated and the numbers clearly, clearly show that”.

About 55 per cent of people in the state are fully vaccinated, according to data from Johns Hopkins University.

At a national level, 62 per cent of the country’s population is double vaccinated and about 33 per cent have received a booster shot, according to the Centers for Disease Control and Prevention.

Despite the acceleration in infections, the CDC has issued new guidelines shortening the quarantine timeline for people infected with Covid to five days if they show no symptoms.

Omicron is testing countries across the globe. Twenty nations spanning four continents, including the US, reported record-breaking numbers of Covid cases in the week to December 30, highlighting the impact the new variant is inflicting upon the health systems of both rich and poor countries.

The US has reported record-breaking numbers of Covid-19 infections as the Omicron coronavirus variant sweeps across the country, driving up hospitalisation rates and causing widespread disruption to flights.

The US seven-day rolling average of cases neared 400,000 on Saturday, its highest daily tally since the start of the pandemic and more than double the average registered on Christmas Day, according to the Financial Times data tracker.

The acceleration in infections comes as Tedros Adhanom Ghebreyesus, director-general at the World Health Organization, on Thursday said it would be possible to end the pandemic in 2022 if 70 per cent of the global population was vaccinated by the middle of the year.

“If we end inequity, we end the pandemic,” he said in a statement, after the WHO warned of a “tsunami of cases” of Covid around the world.

The latest surge in infections has caused havoc for travel around New Year celebrations, disrupting thousands of US flights over the weekend. More than 2,700 flights to, from or within the US were cancelled on Saturday, with the number on Sunday nearing 2,000 by the US morning, according to tracking website FlightAware.

Even US states with high vaccination rates are reporting record-breaking Covid cases. New York, where 72 per cent of individuals are fully vaccinated, on Friday registered more than 85,000 new cases as the number of daily hospitalisations accelerated rapidly.

“No, we’re not through this latest wave of Covid-19,” Kathy Hochul, New York governor, said on Friday.

Hochul, who has said the state is preparing for a “January surge”, has extended the requirement to wear a mask or show proof of vaccination to access New York’s indoor locations until next month.

Phil Murphy, New Jersey governor, said the 28,000 daily cases reported on Friday were approximately “quadruple from just two weeks ago, and four times as many cases than during the height of last winter’s surge”, according to US media reports.

He added: “Our hospitals right now are at roughly the same numbers they were on the worst day of last winter’s surge. The problem is that right now we don’t see any sign of let up.”

Some US states, including New York, Maine and Ohio, have deployed the National Guard to help counter the latest wave of cases.

Mike DeWine, Ohio governor, last week told reporters: “We have more Ohioans with Covid in the hospital?.?.?.?than we’ve had at any other time during this pandemic”.

too many on here still dreaming ........

https://www.thetimes.co.uk/article/hedge-funds-bet-800m-on-retail-slump-0szzq6c7n

https://www.thisismoney.co.uk/money/markets/article-10275303/Hedge-fund-bosses-Marshall-Wace-split-whopping-316m-payout.html

Marshall Wace have also increased their short position on Asos on 29 December 2021.

Asos' trading update is on 13 January 2022.

Marshall Wace are betting on UK retailers like Asos and Boohoo not to have done well over the Christmas/New Year. period

We'll all find out on Thursday 13 January 2022 when Asos provide their latest trading update.

Boohoo's number of shares in issue is 1.268bn multiplied by a share price of 490p would be a market cap of about £6.2bn for Boohoo

John Lyttle needs to get the Boohoo share price to about 490p with a Boohoo market cap of about £6.2bn by 17 September 2023 to get his £50m bonus. That's my reckoning.

Please let me know if I've got my maths wrong.

From RNS on 17 September 2018 - Appointment of CEO and Board Re-Alignment

·Growth Share Plan ("the Plan") to be implemented relates to the compound annual growth rate ("CAGR") in market capitalisation over the five year period starting on the date John joins as CEO.

The starting market capitalisation will be based on the closing share price on the date of this announcement. CAGR of less than 10% yields nil value. The Plan is capped at £50m of gross value before tax at the end of the performance period in the event of achieving CAGR of at least 23%.

For example, if the starting market capitalisation was £2bn it would have to increase by at least 60% or £1.2bn to £3.2bn to create any value at all for the CEO-designate.

To achieve the maximum £50m (before tax) the market capitalisation would have to increase by £3.6bn or by 180% to £5.6bn.

Such an outcome would mean the £50m represented approximately 1.4% of the increase in the market capitalisation.

Provisions have been made to make the adjustments for increases in market capitalisation arising from corporate events such as issuing shares for acquisitions so that the benefits derived from the Plan only arise from organic growth.

On 17 September 2018 the share price was about 175p so the share price would need to rise to about 490p before 17 September 2023 for John Lyttle to get his £50m. That's a tough call.