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lezzils - it helps to read everything in full about the trip to Dubai which was to talk to possible suppliers in Dubai.

Boohoo Group employees were all tested before leaving UK for Dubai, they were negative and they were all tested leaving Dubai for UK, they were negative.

It's the Daily Mail yet again trying its best to stir up trouble for Boohoo Group. The Daily Mail own This is Money hence why it is in This is Money too.

Tommy239 - Superdry reported widening half-year losses and said trading remained too uncertain to give 2021 guidance. The fashion label posted a £10.6m loss for the six months ended October as revenue dropped 23.3 per cent. For the 11 weeks to January 9, Superdry said sales were down 27.2 per cent as growth from its online business failed to counter sharp drops in wholesale and store revenue.

Tommy239 - Superdry is online already.

End of January we'll know the outcome of the bids.

Looks like we won't know until end of month who got what.

Experts expect Arcadia to be broken up, with bidders taking on different parts of the business, and brands potentially hived off from their stores.

cooler - some of it was raised about a year ago and the rest was profit from the past year. So it's not been there for years.

Boohoo are excellent at buying brands out of administration and making them successful. They have plenty to spend this money on, more brands, IT, new warehouse at Wellingborough, extending the automated warehouse at Burnley and getting a warehouse in US. Plenty to go at for Boohoo and their money.

Asos is down, Boohoo is down, learn to live with it, that's shares for you. What goes up, must come down and what goes down, must come up. The life of owning shares.

This is the stock market folks, some things easily spook investors and they sell. That's the way it goes.

mcklondon - many thanks. Another excellent lesson on technical analysis from you.

Daily Mail ran the same article and they own This is Money, hence why it is in This is Money too.

From what I've read they were all tested before leaving the UK for Dubai, were negative, they were all tested again before leaving Dubai and were negative again.

Asos are down 5% today so it's more about the possibility of an online tax, corporation tax being raised and shipping from China to Europe being more expensive and not the article on Dubai.

mcklondon - many thanks. What was the exact Boohoo share price at the time of crossing the 20 line on stochastics? It's a bit hard to figure it out precisely on your link.

mcklondon - could you post a link to your 20 line on stochastics - many thanks

Technicals showing Boohoo as oversold so this is not the time to be selling according to the technicals anyway.

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George Parker, Daniel Thomas and Chris Giles in London 9 HOURS AGO
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And this too, Chancellor Rishi Sunak is heading for a clash with business over plans to increase corporation tax in his March Budget, as companies claim they are still struggling with the shock of the coronavirus pandemic.

A number of things spooking investors today.

Also worries over the cost of shipping goods from China to Europe has more than tripled in the past eight weeks, hitting record highs as a shortage of empty containers stemming from the pandemic disrupts global trade.

This will be spooking investors too.

Looks like the possibility of an online sales tax has spooked investors.

Asos down nearly 5%.

littletrader - take inditex, which owns Zara, it has nearly 700 institutional funds invested in their shares. Boohoo has only 132 institutional funds invested in their shares.

There are 3,000 institutional funds in the UK. Many more worldwide.

Even if, for example, a further 260 UK institutional funds invested in Boohoo shares, they would only get about 1 million shares each. There are a total of about 260 million Boohoo shares in private shareholders' hands.

When institutional funds become happy with Boohoo's ESG, then there will be a huge rerating of Boohoo's share price. Institutional funds will be competing with each other to buy Boohoo shares.

littletrader - according to your link, 55% of Boohoo shares are already owned by institutional funds, 24% are owned by insiders like Mahmud Kamani, his family, and Carol Kane. That leaves about 21% in private shareholdings, i.e. people like you and me.

There will be many long term holders who are private shareholders, like myself. So even if at a very maximum, 20% of private shareholdings were available to buy, that's only something like 260 million shares for the likes of thousands and thousands and thousands of institutional funds to try to buy.

Let's say, for example, 2,600 institutional funds wanted to buy Boohoo shares, then, they would only each be able to buy 100,000 Boohoo shares. Institutional funds look to buy shares in their millions and not in their thousands, so, they'll have to compete against each other for more and more Boohoo shares

This is why we'll see a huge rerating of Boohoo's share price when institutional funds are happy with Boohoo's ESG.