Member Info for Pmoran1969

Keepcalm- generous and forgiving of you but I fear it’s a wasted effort given the response. As for you Jamie je bent een pannenkoek!

If you want to know the future just venture into a Primark or sports direct in your town.......you shouldn’t have any trouble getting in footfall is 25% down!!!

The market is a forward looking mechanism and won’t be looking at the past. That’s why the market had no interest whatsoever in The Hut Group and why they have had to issue not one but two profit warnings since their initial listing in September. ........Oh hold on a minute!!

You can watch the meeting live if you wanted to. Do a search for environmental audit committee and you’ll get a link to their part of the govt website and all the details of what events they have scheduled and the option to see the written evidence and watch the actual meeting.

We are all going to be out into tier one and to quote sham69
We’re going down the pub!!

Ianb
It's rappers like you that take over these boards!

My name is Ian Ian b
I bet you wish you could rap like me
I rap about boohoo every day
People like to hear what I have to say
But my boards been hijacked by tcm
And other ouster’s just like them
They aren’t investors and they can’t rap
All they do is talk absolute ........rubbish!

Onlyking, this has been discussed at length and broadly speaking the sensible heads on here seem to think either

A) if we are so far ahead of forecast that we can be absolutely nailed on sure that even with covid and brexit uncertainty etc we will remain significantly above forecast by the end of the year at end of feb. In this case boohoo would be required to update the market to amend the guidance already in place for year end revenue target (currently stating we will be 28-32% year on year revenue growth).

B) if we are broadly within the guidance already issued stating 28-32% revenue growth (which was increased from 25% at the Sept interim results stage) we have no obligation to issue an update and will probably not do so until after the Environmental Audit committee meeting on 16th December if we bother at all.

Hope that answers your question.

Someone posted a link on here about a month or so ago that was either to an article or a post from another website claiming to be from A person paid to be what some people on here would call a deramper.

I’ve no idea if it was real or not but the content did seem plausible and the person concerned was effectively saying that they had found proper paid employment so wanted to come clean about their days as a paid deramper and say sorry.

Anyway the core of the article/post explained how they would ask loaded questions, try to start arguments and pick fault in other people’s posts to try to spread negativity about a share. They stated that they would even go as far as to work with a colleague where the colleague would make a negative statement they would then defend the company and carry on a fake argument eventually allowing themselves to be persuaded that actually they should be getting out and selling their shares.

It all came across as a somewhat relentless and sophisticated process and I have no idea if the post/article was accurate and if these people exist or if they can actually have an effect on the share price. I would say that in the gambling world in the old days (even betting has gone big online these days as well as fashion) it didn’t always take a Massive amount of money to be placed on a horse at the race course to influence the starting price in betting shops so who knows maybe it does have an impact?

The point here is that if such people as paid derampers exist they have a degree of organisation, sophistication and intelligence about them.

Looking at how basic tcms posts are and how they lack either sophistication or intelligence I believe they are about as much of a paid deramper as I am the King of Ireland. Comments like ‘look at how many recommendations I have’ and ‘I’m glad you agree with me’ suggest a sad lonely individual who is merely striving for attention and recognition.

I’m starting to feel pity rather than annoyance towards them.

Dan, I enjoy your posts but they are a bit like the super fiendish sudoku in the times in is much as it might take more than one go to get my brain sufficiently in gear to take it in and digest it.

I have no comment critique to add But just couldn’t be having uncle k.n.ob heads post at the top of the page so replied to yours (which I shall now read in detail!)

Just to clarify jimmy boy I was referring to Jamie standing for that in relation to tcm not suggesting that you are either tcm in disguise or indeed an eejit :)

Jamie? A name or an acronym? I was under the impression that tcm = ***** or a variation of. Perhaps JAMIE = Just A Miserable Insignificant Eejit?

Well done dan. How big is the bowl though? Are we talking a different watch for every dsy of the week or are you goi g to end up with that many youll have to start wearing one on each wrist? By the way do spare a thought for a certain serial poster who wont be able to even afford a new battery for their timex when your shates are risi g and your bowl of rolex watches overfloweth!!

Har Chris Article is just about how Arcadia will continue to honour gift cards and vouchers but will only allow them to be used for up to 50% of the total purchase cost.

We get a single mention as follows

It is expected that the company will be sold for less than half what it was worth a year ago. There is speculation that boohoo, an online fashion retailer, may be interested in buying Topshop.

So clearly the headline writer couldn’t help themselves given the boohoo link in terms of being a possible bidder.

Dan,
forget Black Friday it’s just a normal trading day albeit a busy one.
Boohoo issue their scheduled trading updates in jan, apr (final year end results), jun and September (Interim results).

In the past they have issued updates outside of these official periods if they have being doing so well that they know they will beat the year end forecast guidance previously given.

In September last year they issued an update at the beginning of the month saying they were doing that well they were increasing their guidance for percentage forecasted growth to year end.

They have similarly issued an update in December the last couple of years stating that they are comfortably in line with the guidance previously given.

I have no argument with your point that they are not required to issue an update that simply tells the market that we are in line with expectations although they have chosen to do these in the past. However the September update I mention above was required because of the aim rules.

So this year in September at the presentation for the interim results boohoo told the market that they expect to achieve a year on year growth in revenue of 28-32% as opposed to the 25% previously guided. They also made it clear that the current guidance of 28-32% Included an element of caution because of covid and the uncertainty around customer spend in h2.

We have since heard from lots of companies as to how busy online sales have been in the second half of this calendar year and we had a second national lockdown in November which we would like to think (given how the first lockdown went) would be beneficial to boohoo. Whilst I maintain that Black Friday is merely a busy trading day and one day alone doesn’t necessarily make or break the quarter this year all the shops were shut due to the national lockdown so we might expect boohoo to have benefitted yet again.

So as a share holder I would like to think that the restrictions placed on high street shops in the U.K. and elsewhere during the second half of this calendar year and the general increase in online shopping will have meant that boohoo have beaten the previous guidance for year on year revenue growth especially as said guidance included an element of caution.

So if I don’t see a guidance note prior to the January trading update or if the company choose to issue an update that merely says we had a good Black Friday and are just on track to hit the forecasts previously issued I will be disappointed and I’m pretty sure I won’t be alone. I fear that may challenge the share price from rising.

However if boohoo smashed it since the end of August and did exceptionally well during the second national lockdown (including Black Friday) and if that means they will beat the forecasted growth, then I expect to see an update this week (because they have to rather than choose to) and I expect it to have a positive effect on the sp.

Dan, I know you like to repeat things, and find it difficult to admit you were wrong or that you are not the font of all knowledge but the fact is you confidently declared that boohoo would not issue an update until after 16th because it would be bad positioning and I pointed out to you that under aim rules if there is a requirement for them to issue an update they must do so without delay and cannot pick and choose when they do it to avoid some bad press.

By all means look at it as many times as you like and try to interpret and justify how the aim rules work but there’s no getting away from the fact that you were wrong to state that they would hold of on a trading update when in reality they cannot do that.

My opinion is not fact and I’m happy to debate whether the lack of guidance prior to January will or will not affect the sp. for my moe y the fact that boohoo have previously beaten year end forecasts justifies the high p.e ratio and not issuing guidance will tell investors that despite the nov lockdown and the marketing activity in the USA we have failed to continue our growth beyond where we were at the end of August and that will be negative. Whereas issuing guidance to say we have beaten the forecast yet again will have a positive impact on the s.p.

That article really needs to be looked at from the perspective that it’s actually appearing in the daily hate. It’s not known for its balanced reporting nor its readership for their balanced comments on articles.

Take the article on its own and it reads like an interview with a ceo who has a rags to riches story, has faced some hardship in life and whose business has been under the hammer and who is determined to overcome the challenges etc, take out the names and the photos and it could just as easily be John caudwell or whoever that was being interviewed.

Ordinarily I would expect something from the mail to focus primarily on the slave labour issues in a way that would makes TCM’s posts look positively pro boohoo! Whereas this article could just es easily have been a ‘meet the ceo’ piece from an industry magazine.

Ignoring the supply chain issues or the lavish lifestyle of Kamani’s children would have made it look like a paid for ad article but the way the mail chose to include these aspects, the quotes they chose to include from kamani and the non negative slant gives me some hope that even the most negative or our friends in the press are ready to consider that boohoo are going in the right direction and more importantly are prepared to report that.

Dan - i didn’t mention Black Friday. You stated clearly in an earlier post about whether the would be a trading update......

“Nothing until after the MP interview. Would be very bad positioning to talk about record sales and volume a handful of days before you sit in front of MPs about the environment“

I suggested that, given my understanding of the AIm rules, boohoo could not withhold a update to avoid some possible bad press as the rules require them to provide an update without delay in certain circumstances.

Your response was “partially correct” and then you went on to explain some 10% rule and an explanation of why Black Friday on its own wouldn’t generate sufficient revenue to warrant an update.

I responded in what I thought were clear and simple terms what my understanding of the AIm rules were and inform you as to why you were wrong to suggest that boohoo would not issue an update until after the EAC meeting because it would be bad positioning.

I fear your latest response misses the point entirely by focusing on Black Friday as being only one day. The fact that Black Friday falls in November is irrelevant other than the fact that it’s a big trading day. But the fact that the end of November marks the end of q3 and that the last guidance issued by boohoo was based on trading until end of August and the fact that the guidance issued in September based on trading until the end of August did, according to boohoo, include an element of caution (covid uncertainty) and the fact that we have launched in the Middle East, been marketing actively in the USA and have, in November, entered into another lockdown in the U.K. is relevant.

It’s all relevant because if these things have all happened and as a result the year end revenue forecast is now undercooked we should be expecting a trading update as soon as boohoo know that which one would expect would be within a few days of the November month end (early next week I would think). It’s particularly relevant because if all of these things happened and it has had no impact on boohoos year end revenue forecast then that would be a negative in my view.

The fact is no trading update means we are only inline with the previous guidance which I would argue would disappoint investors and could lead to people selling. An update stating we are beating forecast would I think do the opposite. But update or no update you were wrong to state that they will wait until after the mp meeting based on bad positioning.

It’s no skin off my nose that you were wrong but if no update comes in the next few days it Wouldn’t be right for people to think that it’s simply because boohoo are attempting to manage the press fall out from a future mp committee meeting when in reality it will be more likely because we are only in line with rather than above the year end revenue forecast and that has more implications for investors.

Dan The content of my post was concerning what boohoo are obliged to do regards notification in response to your suggestion that they wouldn’t issue an update until after the ECA meeting because it would be very bad positioning. As I understand it they cannot willfully hold that information back under the aim rules.

The AIM rules don’t state any value as to what material is in terms of financial performance.

They simply state that if there are any new developments that are not pubic knowledge concerning a change in a companies financial position, it’s sphere of activity, the performance of its business or its expectations of the performance of its business which, if made public would be likely to lead to a substantial in the share price they must issue a notification without delay.

So if they provided guidance that full year revenue would be 25% higher than last year with an expected margin of 10% and they know by the end of q3 that the full year revenue is going to be higher or lower than that and that fact is likely to impact the share spruce they must issue a notification without delay.

They made it clear in September that the +25% revenue forecast had an element of caution built in because of the uncertainty around covid so if they have smashed it since August they have to say so and they cannot hold the information back until after the ECA meeting on the 16th December.

Do the aim rules not state that if a company is in possession of information that can materially affect the share price this needs to be declared?

My understanding was that guidance news is issued as soon as is practical after the company have identified they they expect to come in above or below forecast so as to adhere to those rules.

Historically for boohoo that has meant issuing something in early December (once they have the final figures for November month end presumably). As I understand the rules boohoo cannot pick and choose when they update the market based on how this might play out in the press so unless there is/ are valid reason(s) for not updatIng the market, such as not being able to compile November month end figures as quickly as usual because of covid, boohoo cannot willingly hold back a trading guidance note until after the EAC follow up meeting later in the month.

As has been the case this year because of the sentiment within the press they are dammed if they do and dammed if they don’t but my bet is that if they have had a good H2 so far and they expect to beat the previously issued guidance of +25% revenue at a 10% margin they will tell us early next week. Maybe they will take the opportunity to provide an update on where they are with the agenda for change alongside the update to soften the blow/provide the press with some balance but I don’t think they can hold the information back.

Malice you are just embarrassing yourself. Mks was £5 5 years ago and £3 3 years ago! Compare that to where boo were 5 and 3 years ago compared to today.

Mks have increased in recent months buoyed by their Ocado supply deal and the vaccine news and its great news for those of us who purchased them earlier this year and are nicely in profit but not such great news for the long term holders who have seen their share price decline.