The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Https://www.theguardian.com/business/2016/dec/14/boohoo-spends-33m-on-cofounders-sons-company
PDS2023 - the majority of revenue and profit was from Boohoo itself. Prettylittlething was tiny and took a number of years to grow and make any profit. The £5m was in the IPO for Boohoo so go read it for yourself. It was part of selling Boohoo in the IPO. Boohoo already owned the 66% of prettylittlething for the IPO.
Scb - another one who has lost loads of money on Boohoo and can't face the truth. Bought loads at £2 and all the way down to 30p. Says it all.
Get your head out of the sand before you lose even more money on Boohoo.
Click on the Boo Share News above to read about the potential lawsuit.
Considering you haven't been following Boohoo since 2015 when I bought into Boohoo, you have done no research about this whatsoever. If you had then you'd be able to come back with counter arguments. You never do. So it's obvious you've done no research whatsoever on Boohoo. You've bought in blindly hoping to make loads of money from Boohoo even though it's obvious you won't.
The writing was on the wall for Boohoo when Umar Kamani was paid hundreds of millions for prettylittlething.
Boohoo had said they had an agreement to buy the whole of prettylittlething for £5m, yes £5.
Boohoo already bought two thirds of prettylittlething for about £3.3m and were due to buy the last third for £1.7m.
Instead Umar Kamani said he would leave and start up in competition to get more moeny from Boohoo. Boohoo should have let him leave. Instead Boohoo brought in someone like J P Morgan to negotiate with Umar Kamani to buy the remaining one third of prettylittlething for hundreds of millions. This was never put to a shareholders vote even though it may have gone through with Kamanis large holdings in Boohoo. The point was it wasn't put to a shareholders vote to see how many objected to this.
I was one of the holders who let this pass and should have read between the lines for this. Another lesson learnt for me when it comes to shares.
It's so important to face your mistakes on shares and learn from them.
(Sharecast News) - Boohoo Group is facing potential legal action from investors after allegations of illegal working conditions hit the fast fashion retailer's share price, it was reported on Thursday.
Details of unacceptable working conditions and underpayment at factories supplying Boohoo first emerged in 2020, following a Sunday Times investigation.
In response, the AIM-listed company appointed barrister Alison Levitt to conduct an independent review. It found that the claims were "not merely well-founded but substantially true", and that Boohoo knew of "endemic" problems at the factories.
Boohoo accepted the findings in full and apologised for failures in corporate governance.
But the retailer's share price was hit hard, with more than £1bn wiped off its value, and on Thursday The Telegraph said shareholders were now seeking compensation.
It noted that no claim had yet been filed, but said up to a 100 investors could be involved in a £100m class action, including sovereign wealth funds and local councils. The newspaper also noted that Boohoo had instructed Herbert Smith Freehills, the City law firm.
A Boohoo spokesperson told The Telegraph: "A formal claim relating to this matter has not been made. If any proceedings are issued in relation to this matter, they will be robustly defended."
And yet another headwind for Boohoo. Don't be stupid enough to think this won't affect Boohoo's share price because it will.
Get your head out of the sand and look straight at all the potential problems for Boohoo.
WeeWee - another one who averages down and loses out by averaging down. Not a bit of wonder you don't like my posts. I'm holding a mirror up to your face showing all the mistakes you make.
When will you ever learn? Probably never.
Spk999 - questions about me and nothing to do with Boohoo are more evasive tactics.
Come back with argument and debate on Boohoo to show you know something about Boohoo. To date, you’ve shown no evidence whatsoever of any proper research on Boohoo. All you’ve provided is hope and fantasy about Boohoo.
Stop the evasive tactics and show us what you know from your research on Boohoo.
Anyone who can’t cope with reading negative issues surrounding Boohoo is proof enough they haven’t done their research on Boohoo and don’t have any confidence in their choice of Boohoo.
If you’d done your research on Boohoo and had real confidence in your choice of Boohoo, then you would be able to use counter arguments to my posts. You don’t and never do this, which is evidential proof you haven’t done your research on Boohoo.
WeeWee - Watches of Switzerland, yet another one of your failures. How many failures now? Tesla, Boohoo, Revolution Beauty, Watches of Switzerland. Have you bought Next now they've gone ex growth?
Stop making a buffoon of yourself on here and go spend some time reading and researching shares.
WeeWee - go learn from your own mistakes which are so many and stop posting on here. You offer absolutely nothing here.
WeeWee - and how much did you pay for Boohoo shares. Was it 50p based on your so called expert knowledge of the balance sheet?
And you dare to call me thick.
WeeWee - how's tesla doing?
WeeWee - and mulberry, next, ao world, currys, etc., etc.
Look at things from the perspective of what could go wrong with Boohoo shares rather than how much money you'll make if it goes right.
Basically posh gambling but always using a stop, never average down, only buy when the percentages/probability is in your favour and learn to take lots of small losses.
It's a pain at times having to sell when youre convinced it'll probably recover again but just have to stick with it. Can always buy again later.
Https://uk.investing.com/news/stock-market-news/porsche-reports-183-operating-return-in-first-nine-months-confirms-forecast-3203892
Even Porsche is being hit by economic woes, high interest rates.
The questions on peoples' minds will be:-
Did Asos sneak out a warning by delaying results?
Will Asos have to delay results beyond Wednesday 1 November 2023?
These questions will spook investors and rightly so.
What goes on at Asos affects Boohoo too.
Frasers aren't interested in buying two loss making companies like Asos and Boohoo.
They're not interested in merging with them.
Frasers are out to make some money from Asos and Boohoo through synergies like learning how to get more revenue out of the likes of I Saw It First and Missguided.
There are 1.3bn boohoo shares in issue so there's plenty of free float for Frasers to buy more shares.
Frasers have shares in Asos, Boohoo, AO World, Currys, N Brown, Mulberry and probably many more.
Frasers are hoping Asos and Boohoo will turn themselves around and Frasers can make a bit of money from these shares.
Frasers started buying Boohoo early part of 2023 and have lost money on the shares they've bought then.
Shorts will be here for a long time to come. Boohoo have already said they don't know when the turnaround is going to happen.
Boohoo is loss making, revenue is declining, active customers are declining, debt is rising.
Institutional Investors aren't buying Boohoo shares. The majority of private investors aren't buying Boohoo shares. Earnings per share for Boohoo have been declining since fy 2021 and are expected to decline until at least fy 2026. Growth companies have earnings per share which rise and not decline. Hence why the share price is at 30p and could go lower.
Never buy shares without doing loads of research yourself.
Never follow the likes of Frasers or Umar Kamani or anyone into shares without doing plenty of research yourself.
Https://www.thetimes.co.uk/article/asos-delays-results-while-warning-of-lower-earnings-qrbxl7tft
This article will be affecting Asos and Boohoo's share price today.
Brilliant post pipedreamer. Thank you.
Spk999 - you never come back with argument and debate which suggests to me you haven't done your research into Boohoo and REVB.
Being comfortable with your choice of shares is neither debate nor argument, it's evasive tactics. You haven't done yoru research and you're frustrated with yourself and taking it out on me.
Get off here and do some proper research into your shares.
Personally Boohoo's diversification into Debs etc might prove to be another big mistake like Revolution Beauty.
Boohoo needed to stick at what they were good at doing which was fast fashion and put the money they spent on Debs plus other labels as well as REVB to compete against Shein.
I think they've got it badly wrong by diversifying into stuff with little experience.
Their experience lay in fast fashion and their focus should have remained there, imo.