George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
Off again in fantasy land. Boohoo is loss making, revenue is declining, active customer numbers are declining, debt is rising. Mike Ashley nor no-one else wants to buy Boohoo.
Mike Ashley is probably hoping to make a quick buck if things turn around at Boohoo. However, Boohoo doesn't know if and when things will turn around so Mike Ashley certainly doesn't know if or when things will turn around for Boohoo.
All you have today is more novice investors chasing Boohoo because Mike Ashley has bought. Sadly these novice investors don't do their own homework and research Boohoo for themselves before buying.
WeeWee - instead of your usual "don't have a clue how big Mike operates nor how RCFs work," come back with proper arguments about these on your part. Instead of just generalist opinions which help no-one. Try to formalise some proper arguments on what your reasons are for not agreeing with these statements.
It's laziness to come back with insulting, generalist statements instead of proper debate and arguments.
Sadly, this is your style. So prove yourself right with proper argument and debate.
Mike Ashley won't be buying out Boohoo. He's selling missguided, so why would he want to buy Boohoo. Boohoo is loss making, revenue declining, active customers declining, debt is rising. Plus Frasers is like a copycat of Debenhams so can't see why Mike Ashley would want an online Debenhams. Frasers are making money because of their sports products and upmarket products like Flannels. If Frasers are looking for a better digital strategy, then look at which global online retail company is doing best in this market and follow their strategy or do better than them. Find the best software people/company to do your digital strategy.
Boohoo need to keep the assets they have to use as collateral for long term loans if needed. Boohoo have a £325m revolving credit facility and no-one knows how much they'll need to use of this over the next two to three years. I think this £325m revolving credit facility is only available until 2026 and Boohoo have drawn it down in full and are paying about £10m annually for this to be drawn down in full till 2026.
There are too many headwinds against Boohoo for the likes of Mike Ashley or anyone to want to buy out Boohoo.
Boohoo has loads of online competition now, hence the decline for them. Competition that is cheaper than Boohoo. There are Shein, Temu, Amazon doing clothes now too, as well as the bricks and mortar such as Primark, TK Maxx plus all the bricks and mortar who are now online as well. Boohoo are having to make loads and loads of cost cutting to reduce their prices to compete in such a market.
No-one knows if the US Distribution Centre will be a success for Boohoo because of all the competition in the US.
Times are difficult with the cost of living crisis which has hit Boohoo badly and will continue to do so.
US inflation is going up again. Online retailers are not seen as a good investment for institutional investors and private investors. Mike Ashley may be buying however he bought in July and the Boohoo share price has gone down since then.
Only novice investors are following Mike Ashley because they haven't done enough reading and research about Boohoo. They think Boohoo will rise again one day however always remember share prices can go down as well as up.
Boohoo share price can go down from here too.
Russ Mould, investment director at AJ Bell, noted that Boohoo shares traded at their lowest level last week since 2015.
"Boohoo has been struggling with cost pressures and weak demand, which have squeezed its margins and left the business loss-making," he said.
"Frasers loves a bargain and clearly sees an opportunity to have influence over Boohoo's strategy, possibly as another avenue to sell its range of athleisure brands.
"But equally, Frasers might be viewing this simply as a way to make a quick buck - a chance to buy shares on the cheap and then flip them should see the online retailer be successful in its turnaround efforts."
Worth reading in full so your imagination doesn't go overboard.
There are 1.3bn Boohoo shares, so there'll always be a big free float.
I think you need to remember Mike Ashley bought shares in Boohoo in July and they've gone down since his buying in July, so they can go down again from here too.
Keep hoping and fantasising, you'll need it.
We all can learn to be better investors. That's what's it all about. I want to be a better investor. No doubt, others do too. It's about learning every day and never closing our minds to learning from others.
One day maybe you'll all learn from this advice:-
The problem with this chatboard is you all encourage each other to hold your Boohoo shares in the hope they may go back up. However, they may never go back up to where they once were. It may take them 3 years, or even more, to go back up a bit.
You need to get off all these chatboards to make your own decisions on the shares you buy and hold, otherwise, you’re being influenced by others who are in the same position as yourself. It doesn’t help to make good decisions about your shares by being on any chatboards. Chatboards help you to be a bad investor because you are influenced too much by others who are in the same position as yourself.
You need to do your own research, never rely on others and decide for yourself away from all these chatboards and away from all their influence on what shares to buy and hold.
This is the only way to make the best decisions for yourself. This is the only way to be a good investor.
Fortunately I'm not interested in who has been banned or not. Maybe others need to be the same too. Learning to be a better investor is what counts to me. And a reminder to us all:-
The problem with this chatboard is you all encourage each other to hold your Boohoo shares in the hope they may go back up. However, they may never go back up to where they once were. It may take them 3 years, or even more, to go back up a bit.
You need to get off all these chatboards to make your own decisions on the shares you buy and hold, otherwise, you’re being influenced by others who are in the same position as yourself. It doesn’t help to make good decisions about your shares by being on any chatboards. Chatboards help you to be a bad investor because you are influenced too much by others who are in the same position as yourself.
You need to do your own research, never rely on others and decide for yourself away from all these chatboards and away from all their influence on what shares to buy and hold.
This is the only way to make the best decisions for yourself. This is the only way to be a good investor.
Pedro61 has not been banned from this Boohoo chatboard. He's obviously chosen not to post on it.
T4G has not been banned. He's obviously deleted his profile. I can only hope he took some advice from this post. And others will do the same too.
You need to get off all these chatboards to make your own decisions on the shares you buy and hold, otherwise, you’re being influenced by others who are in the same position as yourself. It doesn’t help to make good decisions about your shares by being on any chatboards. Chatboards help you to be a bad investor because you are influenced too much by others who are in the same position as yourself.
You need to do your own research, never rely on others and decide for yourself away from all these chatboards and away from all their influence on what shares to buy and hold.
This is the only way to make the best decisions for yourself. This is the only way to be a good investor.
You know you’re right when Boohoo holders who have already lost thousands and hundreds of thousands on their boohoo shares need to gang up against you because they can’t face the reality of their mistakes in buying and holding Boohoo shares. They know you’re right and can’t admit this to themselves, so they have to gang up against you. They can’t face their own truth. This is why they must always drown out any negative issues on here about the shares they’re holding.
From Boohoo’s declining revenue, declining active customers, declining profits, to Boohoo’s rising debt. They don’t want to know about these and they don’t want anyone else on here to know about these. Declining revenue guidance of 12% to 17% for up to 28 February 2023 when it was supposed to be flat to 5% decline. They don’t want to even think about this.
When t4g thinks by Barclays saying there’ll be a profit of about £6m for end of year 2025 and about £26m profit for end of year 2026 somehow means Boohoo won’t have used more of the revolving credit facility (rcf) of £325m. Boohoo have already drawn down the full £325m and are paying about £10m interest annually for this. t4g has no idea how much Boohoo will have used or needed to use from the rcf to make these profits because it’s only the interest payments that are deducted. Boohoo could have debts of up to £325m by end of year 2026 because no-one knows how much Boohoo will have used or needed to use of the rcf.
The problem with this chatboard is you all encourage each other to hold your Boohoo shares in the hope they may go back up. However, they may never go back up to where they once were. It may take them 3 years, or even more, to go back up a bit.
You need to get off all these chatboards to make your own decisions on the shares you buy and hold, otherwise, you’re being influenced by others who are in the same position as yourself. It doesn’t help to make good decisions about your shares by being on any chatboards. Chatboards help you to be a bad investor because you are influenced too much by others who are in the same position as yourself.
You need to do your own research, never rely on others and decide for yourself away from all these chatboards and away from all their influence on what shares to buy and hold.
This is the only way to make the best decisions for yourself. This is the only way to be a good investor.
You're all doylems. You lose money on shares and come on here spouting like you know it all when you know nothing.
Stop responding and wasting everybody's time on here.
Oh no you can't because you have to have the last word.
Stop wasting my time and everybody's time on here. You've all lost loads of money on Boohoo shares so nobody should read anything you say.
You're useless at investing. It's so obvious. Being on here all day, everyday, spouting rubbish when you've all lost money on Boohoo shares.
Well if you'd admit to what's really happening at Boohoo then I wouldn't have to repeat it for you fools.
You think you're investors, you've lost loads of money on Boohoo shares and you still think you know the future for Boohoo.
You're hopeless and can't admit it.
T4g - you can't even make money on shares so you're a waste of time. Go do your own homework. Oh no, that would mean admitting to what's really going on at Boohoo.
I've wasted enough time on here with all you doylems who are still holding boohoo shares and living in hope.
Go away and do some reading and research, you might even find some shares where you can make some money.
WeeWee - when you can't come up with an argument then use insults. Lowest of the low. That's how they behave.
Yes, they keep going up. Guess what, the holders on here think they know better. Sad, sad fools. When will they ever learn? Never.