Member Info for PhatStyle4321

By Katharine Gemmell
(Bloomberg) -- Boohoo shares fall as much as 10%, taking
this week’s decline to 39%, after Reuters reported that
Amazon.com is removing products made by the company and Shore
Capital cut the stock to sell.
* Reuters reported that Amazon.com is pulling Boohoo products
while it conducts its own investigation into allegations of poor
working conditions at its supplier’s factory, citing an
unidentified representative at the U.S. company
* Boohoo said on Wednesday it will start an independent review
of its U.K. supply chain
* Shore (sell) downgrades co. rating to sell from hold
** Boohoo’s independent review looks sensible but the “genie is
already out of the bottle” and co. will need more transparency
on sustainability and sourcing issues, writes analyst Greg
Lawless in a note
** Says fund will be “less appetizing” for many investors and
may be totally off limits for ESG funds now
* Peel Hunt (buy) expects “swift action” once the review is
concluded and says it believes co. can “get to grips” with
compliance and drive change in its Leicester factories while
maintaining financial model -- even if it means higher prices
** Accepting ESG as a “work in progress” is a clear buying
opportunity, writes analyst John Stevenson in a note
* Jefferies (buy) says the review is a clear move to address
claims about U.K. supply base
** Notes that wholesale had contributed just 1.4% of revenue in
FY21 and does not see any impact on forecasts, writes analyst
Andrew Wade in a note
* NOTE: Share has 14 buy recommendations, 7 holds, 2 sells;
average PT 444p: Data compiled by Bloomberg

This will bounce today and will not stay this low, this cannot go lower than it already is. The company is investigating all the matters and will rectify.

That’s me being conservative, anyone that got in below £3 is going to be laughing, don’t believe what you read in the newspaper unless there is concrete evidence, this was a scandal to bring Boohoo down and not actually uncover anything. Boohoo have done a brilliant job with the RNS. Reaffirms and reiterates it’s brand and it’s ethnics.

Company has responded brilliantly and they are doing an independent review and everything in the report wasn’t even true, no evidence of £3.50. This smells it was all staged by the shorter attacking the firm. This is going to recover way over £3 today.

Yesterday Peel reiterated Boohoo’s buy target and I suspect others will do the same today, not even a small revision, this will recover today and be back over £3. Don’t get talked into selling so they can have your shares cheap !!

Until the details of the investigation are out, there is no way this is going to drop further, Boohoo haven’t been found guilty of condoning this sort of behaviour and once full details are released, everyone will get a full picture. The blame wholly comes on the supplier and not Boohoo, the mistake they have made is not doing their due diligence. This will blow over and lessons learnt, but one thing is certain the share price drop has been extremely overdone.

Boohoo generates 7% of revenue from other retailers, so even if they all stop selling, it won’t affect sales at all, this 40% drop is hugely overdone. Investigations have led to none of the sites to close and one site to implement improvements. See the truth.

https://www.fool.co.uk/investing/2020/07/07/boohoo-share-price-crash-is-this-now-a-must-buy/

Jupiter Asset Management, which owns a near 10% stake in Boohoo via its recently acquired Merian Global Investments arm, said it had been “actively engaging” with Boohoo over issues of supply chain management. “We have been given strong assurances by management that any suppliers found to be in breach of the company’s strict code of conduct will be terminated immediately and we will continue to engage with the firm regarding this situation,” Jupiter said in a statement.

It said further visits would be carried out in the coming weeks but it had found no requirement for enforcement action so far.
GLAA head of enforcement, Ian Waterfield, said: “Allegations of labour exploitation are something we take extremely seriously and we will continue to take appropriate action to safeguard potentially vulnerable workers.”

Also to add this outside distributors add to single digit percentage of revenue.

Therefore considering this information £1.5billion is hugely overdone, by Friday this will be trading around £3.50 once everyone has read all the information.

https://www.google.co.uk/amp/s/news.sky.com/story/amp/coronavirus-chancellor-rishi-sunak-sets-aside-3bn-for-green-jobs-as-part-of-economic-recovery-12022629

I did hear that apparently the government is speaking to a hydrogen company..this is huge news if it us, going to be a positive day

https://www.h2-view.com/story/hydrogen-to-become-gamechanger-as-large-scale-source-of-cleaner-power-reveals-globaldata/

Article says it all, AFC is leading the way and will be hugely disruptive. This is a screaming buy all day long at these prices

I have a feeling this share is going to rocket back into the 70's, news expected very soon IMO

Wow, q1 figures absolutely brilliant, a lot of money in the bank which will only get more and more, considering all the comments from Stephen and Reza and also considering Stephens buying of shares, I can only assume that there will be at least 1 big undiscovered gold deposit at Gedabek which will hugely increase AAZ’s life of mine, once that is done we will be closer to £1.50 - £2, there’s also the dividend to look forward to as well :)

My guess that this will arrive Monday instead of tomorrow, I know alot of PI's arent excited by I am, as Reza explained in the RNS, the heli survey is critical in establishing AAZ growth strategy, lets hope it lives to our expectations and can blast us back into the 80's while we wait for q1 results which due to the great weathe, one can also expect this to be good

It looks we will get the long awaited Heli Survey tomorrow, I am hoping it will shed us light on our next targets, selling today was strange but not surprising. Gold up and global economy in pieces. AAZ set up nicely for the long term

https://fivefreesharetips.com/content.php?id=395

After 2 pieces of what I thought were positive forward thinking RNS’s we dropped slightly, I am hoping the Heli Survey will be hugely positive and Q1 results should be higher than in 2018, if this is the case, say bye to the 80’s and straight back to the 90’s.

Any sense of a greenfield discovery similar to Ugur would be the best thing for us, weather in Azerbaijan has been very good, and the new crusher plus other efficiencies will be have effect in Q1. Overall everything is going well, Stephen 86.3p av buy is a huge positive sign, and at these prices AAZ is a steal.

@volcano, that wasn’t the airbourne survey, the RNS is very good and gives the indication that JORC for Gadir will be upgrades very soon, the typical morning drop but should recover soon as no reason at all for this dip.

https://www.kitco.com/news/2019-03-11/-Now-Is-The-Time-To-Invest-Gold-Needs-41-Billion-By-2028-Wood-Mackenzie.html

After hopefully a good heli result RNS we have the Q1 results due, which I have a feeling will beat estimates and really show the market what AAZ can do, any targets from the heli survey should be able to be financed by our free cash flow, while also paying us a handsome dividend, no dilution or any more loans, great to be invested in here. Medium/Long Term fundamentals are extremely solid.