Member Info for Pmoran1969

When the far right crashed us out of the eu?
I’d love to see our biggest companies follow?
I do hope gsk are working on a new drug that can treat whatever it is that ails you Toff.

My understanding was that the people of the United Kingdom voted in a referendum and 52% of them voted to leave. Are you suggesting 52% of the U.K. population are the far right?

It was also my understanding that we left the eu, went through a transition period and left with a deal that provided tariff and quota free trade with the e.u. Granted it’s not without its issues and it’s certainly having some rather significant teething problems for some but it’s hardly crashing out.

As for our biggest companies leaving II think it’s probably a little early to be absolutely sure in what is essentially week 3 of being out but I am somewhat reassured by Unilever opting for London rather than Holland for their single listing, Nissan starting today that brexit gives them a competitive advantage and confirming that they will be building the quashqi in Sunderland.

Never mind one for the doom mongers here’s one for the oldies.

Sometimes when the market insists on painting your shares red, the golf courses are shut because of lockdown and your Labrador refuses to go for a walk because is pisitively possing down you just have to break out your favourite music streaming service, select a decade and see what it throws at you while you stack the dishwasher.

This morning it’s 1970’s rock/soft rock which thankfully avoids all that disco malarkey and has thrown up listen to the music - doobie brothers, don’t stop - fleetwood mac, let your love flow - the Bellamy brothers. All great tunes that for my money have stood the test of time. But my phone surpassed itself this morning when it offered none other than an obscure 1977 one hit wonder David Dundas and jeans on.

When I wake up in the morning.....I put my Brutus jeans on! Anyone else old enough to remember them?

Extract below from the daily mail money section. Hey it’s the daily hate so has to be taken with a pinch of sodium but interesting and may have some bearing on the negative pressure on boo, asc and nxt shares the last couple of days.

Chinese giant Shein has been touted as the front-runner to buy Sir Philip Green's embattled Arcadia Group.

The fast-fashion giant was a late entrant to the race but sources said it had put in the strongest offer. Seven bids were received yesterday evening for Arcadia's assets, which include Topman, Topshop, Miss Selfridge, Dorothy Perkins and Burton. The source said: 'Shein have the deepest pockets – it will be hard to say no.'

Founded in 2008 by Chris Xu, the Chinese group has become the biggest online fashion brand in the world and is the third most visited fashion site in the UK behind Next and Asos.

Other hopefuls include Next, which has made a bid with US hedge fund Davidson Kempner.

There will undoubtedly be differences in the way people shop once the lockdown ends and there will be a reduction in online shopping from those forced online buyers. Of course there will be consumers who previously avoided doing things like their supermarket shop online because they didn’t trust anyone else to choose the milk with the longest date or check the apples to make sure the are not bruised etc. A proportion of those forced online supermarket shoppers will be pleased with how its gone for them and will choose to continue to do their supermarket shop online and use the time to do something else they enjoy more such as going for a walk or maybe even going to the pub. Others will be happy to get back into their routine of parking up at Sainsbury’s on a Thursday to do their big shop before popping over the road to Aldi to check out this weeks special buys and following it up with a coffee and a cake with a friends at the nearby Starbucks.

There will be customers who do a supermarket shop online who, despite the delivery fee, spend less because they only buy what they want/need and there will be others who can’t cope with the substitution process which spoils their menu planning for the week because it’s always something important that’s out of stock and results in them having to pay over the odds at their local spar to obtain it thus negating the convenience of the online shopping experience.

Boohoo and other online only etailers will have gained new customers during the lockdown period and some of them will be aching to go to town on a Saturday to meet their besties, get their hair done and spend a relatively small sum of money to leave primani armed with that nights going out gear before a few glasses of Prosecco or a piri piri wrap with said besties before going home to get changed into their new outfit to go back to town for their night out. However some of them will stick to their new fond hobby of being woken at 0830 by a loud banging on the front door to be greeted by a parcel dropped on the doorstep and a dpd bloke taking a photo of it, along with their feet, as they open the door!

Similarly whilst an online sales tax sounds like something that will lead to a slow down in online shopping and could affect the revenue growth and therefore share price of boohoo and others I question whether it would really make any difference. Boohoo claimed at the recent fixing fast fashion meeting with the environmental audit committee that the average customer visits their website 3 times a year and buys 3 items. Even if the spend on those three items was £100 (which would take some doing at our prices) the suggest online tax would be £2 which wouldn’t even cover the cost of a bus journey or their parking. Customers who have the boohoo buying bug and have already paid £10 for 12 months deliveries and are spending £10-£15 every week or so will see an additional 20-30p added to their spend.

Can’t see it being a problem personally.

Ken? Who the feck is ken? I meant kamanis and Kane own circa 20% of the shares between them!

Little trader. Kamanis and Kane Ken circa 20% of shares between them, circa 45% already owned by institutions and 35% by public. That leaves a whole chunk of shares (About 445 million) for institutions to go after should they choose.

Standard life Aberdeen sold a chunk of shares when the ‘scandal’ broke in July which pushed the share price down considerably. Since then the only notable institutional purchases were the significant amounts purchased by Morgan Stanley and T Rowe which had the opposite effect. I am inclined to agree with people power that there will be appetite from institutions when boohoo fits the investment rules of particular funds/fund houses that have ESG based investment rules in place.

I’m not one to make wild predictions about this share or any other for that matter and I’m certainly not one to speculate about what mood the market will be in next week.

However I do have a prediction which I can share with you that I can absolutely guarantee is nailed on to happen.

Tonight I are mostly be cooking a curry whilst listening to black sabbath and drinking cider!

Ammu - it’s not exactly comparing apples with similar shaped green fruits though is it,

I suppose my initial response would be that if nbrown were to grow revenue year on year over the next two years to the same degree boohoo have over the last two years maybe our share price would be closer to £4.50 than 75 pence.

Not an exciting update but hey this isn’t an exciting company.

There’s no denying revenue improved, debt being managed and costs being controlled so nothing to complain about really although it does remind me of one of my old school reports - could do better must try harder!

If the market was rational I’d suggest it will result in the shares being a bit flat but then again if the market was rational I’d be considerably better off than I am!

Interesting to see how it’s received but nothing in that update to make me want to sell the shares I’ve got.

Because jay93 is going to sell both of his boohoo shares this morning and he thinks it will drag the sp down!!

I had a good hard look at boohoo today the same way I would approach a handicap chase at the Cheltenham festival! Instead of looking for which horse will likely win the race I look for reasons why each one can’t.

Had a good hard look at the trading update and Levessons report and tried to find the negatives.

Margins down slightly, returns down but forward margin forecast not amended to take account, revenue growth lower than for h1, no update relating to USA distribution hub or any suggestion of what they intend to do with the cash pile that’s supposedly for acquisition. Levesson report basically says everyone is dead keen to improve but we haven’t necessarily achieved a great deal yet but it is early days.

If that was a horse I wouldn’t want to be backing it at even money. But I’d certainly have a bet at 5/2 or better!!

Of course I’ve already backed this horse so I have to ask myself whether it would still be a bet for me and if the odds being offered still represent value.

We are practically at year end for boohoo (end feb) and they will already know what sales have been like right up until say the end of last week and chances are back end of jan and feb are not key months for sales so they already know they will hit the new guidance (or better). They are clearly determined to build the factory in Leicester, have already mentioned that they are close to establishing a USA distribution hub and I have no problem if they hold on to their acquisition pot until this time next year if the right deal doesn’t present itself although I suspect that won’t be the case.

I have to accept that there is some risk that as furlough ends things go a bit pear shaped in the U.K. and that might affect our customers and our revenues but for me that risk is already priced in at what I believe was a suppressed share price. Brexit issues are just white noise for me and I don’t see them causing problems. And the growth in USA if it continues and I see no reason why it should not could more than compensate for a slight downturn in U.K. sales . I also have to bear in mind that what we might lose in sales from one customer in U.K. Tightening their belts we might easily pick up from a new customer for whom tightening their belt means shopping with us instead of someone more expensive. There will be lent up demand for partying holidaying and pretty much any type of socialising once the vaccine is rolled out and that could significantly boost sales in 2021.

So in all I couldn’t really find anything that would make me want to walk away. Would I buy the share today at £3.70? Maybe not as I’d maybe want to see some results from the agenda for change, be reassured that the revenue growth will continue as per forecast or just wait to see if the vaccines hold up against the next new variant etc. However if someone offered me shares at around £2.50ish which is my average would I buy? You bet I would.

I’m invested in bwng and boo and would be the first to state that they areTwo very different companies albeit with some similarities in terms of they both sell clothing online. I wouldn’t mind boo money (or any other money for that matter) coming our way but I would be happy if some of the boo board posters didn’t! There’s some interesting insights/opinions on the board but you have to look hard these days to find them.

I’m inclined to agree that recent results concerning the shift to online including those from ASOS boo Tesco and very this week should mean we see a decent update tomorrow. Whether that will provide us with an uplift I wouldn’t like to speculate but the key thing for me is that the general sentiment (both for the company and the analysts) is that bwng is starting to move rapidly in the right direction and is successfully transforming itself into an online player.

I’m not too fussed if that doesn’t result in the sp immediately trending further upward as I am confident it will in time but I am looking for the right story to get out and to be accepted by the market if that makes sense.

Big jump in full year guidance and given our full year ends in 6 weeks I’m confident the board already know they will hit this.

Continued Signifcant growth in the US is great news.

No suggestion that brexit will cause issues or significant costs.

Slight drop in margin of 0.5% is the only negative I can see and I would hope that thisis not sufficient to upset Mr Market.

I would like to think that the SP will move northwards on the strength of this so will be interested to see at what point profits start to be taken.

Hi rag sorry was offline walking dog this pm. Not sure what normal is for public versus institutional ownership but I own bwng which is 20% public versus 30% institution and 45% the alliance family. I’ve got abf which is only 5% public versus 35% institution and 55% the Weston families own investment company.

On one hand it doesn’t really bother me how much of a company is public versus institutional/founder owned but I do like to keep tabs on how Institutions or founders behave as if they hold or take up additional shares that can result in scarcity of public shares which can push the price up.

Take abf for example, if the price of sugar goes up massively, medicinal cannabis gets legalised in more countries and primani becomes the new Topshop you can bet your life the west is and the institutions won’t be selling and so my shares would become very desirable for those members of the public who wanted to get in on the act. I guess for the likes of bwng and boo I would see additional institutions buying in as squeezing the available public shares but having a lesser effect.

The link slipperz posted to simply Wall Street has a useful ownership tab by the looks of it that shows total institutional ownership as well as a breakdown of the major share holders. Not sure I would take their valuations and asses ent of the share from other tabs at face value though.

Its something along the lines of 20% individuals/founders, 45% institutions and 35% us lot. Hope that helps

Historically sturgeon has attended cobra or covid meetings or she has been appraised of decisions being made in England and has held her 12.00pm press conference and announced first. She seems to be under the impression that everyone will think she’s made a decision to do something and Boris has followed her lead. On those occasions when the U.K. govt have attempted to agree a united approach for all areas she has deliberately included an additional measure or done something slightly different in Scotland. For example for the current lockdown Scotland allowed golf courses to open for up to two people from different households to excersise albeit socially distancing whereas England shut all of theirs.

I suspect this latest curb on click and collect is Nicola implementing something that the U.K. government have said they are in the cusp of doing but rushing to get in first. However not sure whether it will have much benefit for boohoo even if we do the same In England as I would have thought that anyone buying clothing is doing so online where possible anyway rather than via click and collect.

Retro i think tou need to brush up on your spelling pal. Ctnu isnt spelt cwnol!

Debtmountain thanlyou so much for letting. Me. Know perhaps i should take my profits and run afterall! I can see from your extensive posting history that you are an unrivalef source of quality information and should be taken seriously!

Webba - im in a similar place. Originally purchased these last july imtending to take profits at £4ish and leave my 'free shares' to ride.

Its been frustrating to hold these since but i had a nice quantity of william hill sahares that supplied me with the liquidity to invest in opportunities elsewhere so have stuck it out here. Comfortably in profit with an aversge of circa £2.50.

I will still take profits at some point im sure butfor the time.being i am happy to hamg in amd aee what the fimal year results look like and what boohoo decide to do with the pot of aquisition money they are sat on.

Ive already got some tesco and am hopimg for a special divi, good results and a return to normal dividend this year and i am already stocked up on what i would call my covod recovery plays so in all honesty at the moment i cant see the poimt of taking profitout of boohoo as i still beleive theres a way to go in the share price this year and dont have anything on my llist to buy wirh it anyway.

Given I can buy the exact same ladies coat for £36 in the U.K. €70 in Ireland and €90 in France from boohoo website I would argue that cost of doing business and any associated tariffs is already priced into the product offering so for us whatever trade we do in Europe should have no impact on our margins.