Member Info for Peoplepower1

whistle@fca.org.uk

I've emailed the FCA about my concerns over the attack on Boohoo's reputation so please email too. The more people who email the FCA about this the better. The email address is above.

I have expressed my concerns about Shadowfall, Simon Cawkwell aka evil knievil, Labour behind the Label Report, Daily Mail article, Sunday Times article and Andrew Bridgen MP.

I read in one of the papers that it was Andew Bridgen, Conservative MP for North West Leicestershire, who gave addresses to the Sunday Times. Andrew Bridgen was boasting about doing this in one of the newspaper articles I read. My concern here was why Andrew Bridgen MP went to the Sunday Times and not the National Crime Agency if he believed there was criminal activity. If Andrew Bridge did pass this information to any authorities to investigate why did he also give it to the Sunday Times.

RichardWarfield - 2 posts in total on Boohoo. You don't hold any Boohoo shares. You've missed a great opportunity to buy into Boohoo shares. There are millions of customers who love Boohoo products and prices hence why Boohoo Group made £1.2bn revenue for the year ending 29 February 2020. Boohoo Group have 9 brands, Boohoo, BoohooMan, Prettylittlething, Nasty Gal, MissPap, Karen Millen, Coast, Oasis and Warehouse. They are brilliant at what they do. I think the recent reputational attack was from shorters and the media jumping on the bandwagon. Buy and hold Boohoo shares in an ISA or Sipp for at least 20 years and you'll be rich.

If you're trying to get the share price down because you missed buying in cheaper then don't bother because every trick in the book has been used on here to do that. They don't work anymore.

bananas147 - your post shows more about you than me, i.e. what kind of human being you are, only cares about yourself and so thinks everyone is the same as you. With four posts in total about Boohoo today and all trying to bring the Boohoo share price down. The evidence is there in all your past posts. Says it all. Another one to filter.

whistle@fca.org.uk

I've emailed the FCA about my concerns over the attack on Boohoo's reputation so please email too. The more people who email the FCA about this the better. The email address is above.

I have expressed my concerns about Shadowfall, Simon Cawkwell aka evil knievil, Labour behind the Label Report, Daily Mail article, Sunday Times article and Andrew Bridgen MP.

I read in one of the papers that it was Andew Bridgen, Conservative MP for North West Leicestershire, who gave addresses to the Sunday Times. Andrew Bridgen was boasting about doing this in one of the newspaper articles I read. My concern here was why Andrew Bridgen MP went to the Sunday Times and not the National Crime Agency if he believed there was criminal activity.

It is fear and greed that pushes investors into making irrational decisions. This is what's happened here with Boohoo. Investors always overreact.

Filter anyone on here who is abusive or aggressive. Use the filter above, type in the user name, make sure you get it right and press enter. Never be tempted to unfilter them.

The best thing to come out of this is that Boohoo will make sure it never happens again. This will mean workers In clothing manufacturing in the UK being looked after properly. Isn't that what we all want at the end of the day? And if anybody can achieve this, it's Boohoo.

Boohoo are to be congratulated on having an Independent Review of the UK Supply Chain.

This will ensure workers in factories in Leicester are safe and never abused. Boohoo are putting £10m into overcoming malpractice. This can only be good for UK clothing manufacturing. Well done Boohoo for taking the bull by the horns and doing something about it.

The news is reputational. Reputational damage story (which is what this boils down to) is unlikely to render a firm worthless. Sure, it’s deserves an investigation, and robust action on the group’s part will help it recover. The Boohoo share price is now close to halving since the start of the month, which is more than enough of a slump to account for the potential damage from this event.

The market always overshoots with any reaction. We see this time and time again, with fear and greed pushing investors into making irrational decisions. During the stock market sell-off in March, we saw reputable FTSE 100 firms lose 20-30% in value. This was despite the business models being sound, and this was proven with a rally in the prices when the dust settled.

The relative strength index (RSI) for boohoo sits at just 14. The RSI measures how overbought or oversold a stock is. It ranges between 0 and 100, with anything above 70 being overbought and below 30 oversold. The 14 reading is the lowest since the bottom of the March sell-off. Beyond this, you’d have to go back to 2015 to find a time when it was this oversold from a technical point of view.

For several years, the Boohoo share price was the hot topic for AIM investors. The growth of the fashion company since its founding in 2006 has been dramatic. And the share price had gained over 1,000% over the past five years. It even managed to rally from the stock market crash in March to post fresh year-to-date highs just a couple of weeks ago.

Unfortunately, recent news has seen the share price halving at one point since the start of the month.

For me, the Boohoo share price slump (to 198p at the lowest but to 231p at time of writing) could make it the buy of the decade for my ISA. I’d use the Stocks and Shares ISA to shelter potential profits from capital gains tax.

Firstly, the news is reputational. Reputational damage story (which is what this boils down to) is unlikely to render a firm worthless. Sure, it’s deserves an investigation, and robust action on the group’s part will help it recover. The Boohoo share price is now close to halving since the start of the month, which is more than enough of a slump to account for the potential damage from this event.

Secondly, the market always overshoots with any reaction. We see this time and time again, with fear and greed pushing investors into making irrational decisions. During the stock market sell-off in March, we saw reputable FTSE 100 firms lose 20-30% in value. This was despite the business models being sound, and this was proven with a rally in the prices when the dust settled.

I believe this is the same for the Boohoo share price. A close-to-50% fall in just over a week seems like an overreaction from a technical point of view. The relative strength index (RSI) for the stock sits at just 14. The RSI measures how overbought or oversold a stock is. It ranges between 0 and 100, with anything above 70 being overbought and below 30 oversold. The 14 reading is the lowest since the bottom of the March sell-off. Beyond this, you’d have to go back to 2015 to find a time when it was this oversold from a technical point of view.

Our findings show some inaccuracies with last Sunday's media report. The garments featured were not actually manufactured in Leicester, but in Morocco. Post production, the garments were shipped back to the UK by the supplier to be repackaged into compliant boxes for delivery to the Group's international distribution centre in Burnley. This was the process that was filmed at a premises formerly operated by Jaswal Fashions Limited.

Jaswal Fashions Limited, contrary to the media report, is not and has never been a supplier for the Group, and does not operate in the unit stated. Investigations over the last 72 hours have highlighted that the order from Nasty Gal was placed with Revolution Clothing Co Limited, who then instructed Morefray Limited to manufacture in Morocco and repackage the garments on their behalf in Leicester.

Our investigation to date has not found evidence of suppliers paying workers GBP3.50 per hour. However we have found other evidence of non-compliance with our Code of Conduct and the Group has taken the decision to immediately terminate its relationship with both suppliers.

Boohoo sales have surged in the last three months. The company has been rewarded handsomely by increased online shopping trends during the coronavirus lockdown.

The focus on ever-improving margins will be firmly in the spotlight now. Plus there's a tough barrier to entry for newer retailers.

Boohoo’s fast acquisition strategy, snapping up Coast and Karen Millen, opens up the more premium end of the fashion market.

Revenue passed £1bn for the first time in the last 12 months.

Grab a bargain and make some of your best gains.

Boohoo said it is launching an immediate independent review of its UK supply chain, led by Alison Levitt QC. The fashion retailer said it is also accelerating its independent third party supply chain review with ethical audit and compliance specialists Verisio and Bureau Veritas. In addition, boohoo said it will be making an initial commitment to invest an incremental GBP10 million to eradicate supply chain malpractice.

Tory MP Andrew Bridgen is embroiled in an extraordinary row with his family's farming empire after accusing his brother and other directors of fraud while allegedly failing to pay rent to live in a £1.5million house owned by the company.

The 54-year-old has levelled accusations of theft and fraud against the directors of the AB Produce group – a vegetables business which bears his initials and where his younger brother Paul is managing director.

This is the Conservative MP for North West Leicestershire who gave the address of Jaswal Fashions to the Sunday Times. How come he went to the Sunday Times and not the National Crime Agency if he believed there was something criminal taking place?

Our findings show some inaccuracies with last Sunday's media report. The garments featured were not actually manufactured in Leicester, but in Morocco. Post production, the garments were shipped back to the UK by the supplier to be repackaged into compliant boxes for delivery to the Group's international distribution centre in Burnley. This was the process that was filmed at a premises formerly operated by Jaswal Fashions Limited.

Jaswal Fashions Limited, contrary to the media report, is not and has never been a supplier for the Group, and does not operate in the unit stated. Investigations over the last 72 hours have highlighted that the order from Nasty Gal was placed with Revolution Clothing Co Limited, who then instructed Morefray Limited to manufacture in Morocco and repackage the garments on their behalf in Leicester.

Our investigation to date has not found evidence of suppliers paying workers GBP3.50 per hour. However we have found other evidence of non-compliance with our Code of Conduct and the Group has taken the decision to immediately terminate its relationship with both suppliers.

Pritti Patel needs to investigate if there's any collusion between Shadowfall, Simon Cawkwell aka evil knievil, Labour Behind The Label, Daily Mail, Sunday Times and an MP in her own party Andrew Bridgen.

How come Andrew Bridgen gave the address of Jaswal Fashions to the Sunday Times and not the National Criminal Agency?

There's something not right about the attack on Boohoo and hopefully this will come out too.

For me, there needs to be an investigation into Shadowfall, Simon Cawkwell aka evil knievil, Labour Behind the Label, Daily Mail, Sunday Times and Andrew Bridgen MP.