RE: New here12 Aug 2020 11:56
Harveyspecter - has just joined here with 4 posts and already knows everything. Research is the key to finding and holding excellent growth shares like Boohoo. To do this, read the weekend Financial Times from cover to cover, if anything interests you then research everything you can before buying them, research everything about them on a daily basis whilst holding them and attend all the AGMs.
Boohoo have 9 brands, Boohoo, BoohooMan, Prettylittlething, Nasty Gal, MissPap, Karen Millen, Coast, Oasis, Warehouse. Boohoo are brilliant at buying brands cheap from administration and making them profitable within 2 years. Boohoo bought US company Nasty Gal for £15m and turned its revenue into £100m within 2 years.
Boohoo bought Oasis and Warehous for £5.4m and no doubt each of these will achieve revenue of £100m in less than 2 years. Boohoo's revenue for year ending 29 February 2020 was £1.2bn. Boohoo's revenue in 2015 was £100m with the Boohoo brand on its own, now 12 times that in 5 years which was with 4 brands, Boohoo, BoohooMan, Prettylittlething and Nasty Gal. Boohoo's revenue £1.2bn commanded a share price of £3. So for £60 share price need revenue of about £24bn. Boohoo will do this easily. They are a great company with great management and great potential. They have 9 brands now, no debt and £350m net cash. They will buy more brands cheap out of administration in the future too.
Global Fashion Market is worth £2,000bn, Yes £2,000bn. UK is £71bn, USA is £330bn, Europe is £350bn and rest of world is £1,250 bn. Plenty for Boohoo to disrupt and grab.