RE: what if?13 Sep 2020 06:14
DavidLaw - you've still got a lot to learn about shares. As I've already said, hindsight's a wonderful thing, reality is completely different. Covid-19 didn't stop Boohoo from getting to £4.33 in June 2020 and that's what I mean about holding great growth shares. The same will happen with the recent allegations. When you hold a great growth share, you know it'll always come through, no matter what. That's the beauty of great growth shares, they get better and better at what they do.
That doesn't mean I hold them blindly. I research them daily. I research world markets, world news, my other worldwide share and stock holdings daily. Boohoo is one of my holdings.
Boohoo is still a young business. They're looking to grow their revenue to £26bn. Their revenue for last year was £1.2bn. £26bn is nearly 22 times £1.2bn. With £26bn revenue and the same/similar profit margins, then Boohoo's share price will grow 22 times too. That's the potential of Boohoo, a future share price of something like £66. And that's why I advocate holding Boohoo shares for years and years to come. That's what I'll be doing. Achieving £26bn revenue is not going to be done overnight, it'll take years.
Boohoo have the business capacity now for £3bn revenue which is 2.5 times their revenue of £1.2bn. £3bn revenue with same/similar profit margins will mean a share price of £7.50 and maybe even more. Share prices like P/Es can often reflect future potential.
This is what I mean by you not doing your research properly. You don't understand everything about the business of Boohoo. Yes, you understand traffic but that's not understanding everything about the business of Boohoo.
You also need to learn to read comments in full and read them a number of times so you get your facts right. For example, I've never said never to sell no matter what. I've always advocated holding great growth shares to trading them. I still do.
I care about other people and their hard earned money. For me, shares like Amigo, Cine, Supply@me, I wouldn't touch with a bargepole. I've said that too and some don't like me saying it.
I don't need a lecture from someone who is new to shares and already sounds like he thinks he knows it all. Maybe you don't realise it, you do come across like you're lecturing me and know better than me. You also come across as somewhat patronising, with your I'm so clever and I would have done this and I would have done that.
It's Tesla's new battery technology that will make the money for Tesla. Look at Tesla's share price in 2018 and how it grew after buying Maxwell Technologies. Batteries are sold in their billions and billions and billions worldwide, that's where the money is for Tesla. Not electric vehicles, not self drive vehicles, yes they'll help though not as much as batteries. Elon Musk did his phd in supercapacitors, he didn't finish it, though he saw the potential for better battery technology back then.