Member Info for Pmoran1969

Ffs people power that master investor article is from may 2019!! How is it relevant?

It’s a bit like whack a mole for all businesses at the moment. Staff not being in the office affects the sandwich and coffee shops as well as newsagents and pubs and restaurants. However as staff are beginning to return to the office the fact that prices have increased could still see less demand for certain things. Young people may well determine that looking their best at work is as important as it used to be for them and likewise their drinks after work one or two nights a week with colleagues is essential. They may however buy their new clothes from somewhere less expensive or decide to take a packed lunch or make their own coffee to offset the increase in their overall costs.

The fact that costs have risen and wages have yet to catch up could well affect purchasing habits but lots of companies are planning a blanket costs of living increase of 6%+ because they need to retain staff and already know it’s a challenge to recruit in many roles currently. Lots of employers are looking at how productive people were working from home and are planning some form of hybrid model to try to keep employees satisfied and whilst historically that would have meant cost savings for the employee and potential to offer slightly less of a pay increase employees would argue that it’s a net zero effect as what’s saved in travel costs is spent in additional energy costs working from home! And of course if lots of employees do operate a hybrid model whilst the return to offices will see increased demand for sandwich and coffee shops etc it would still be lower than pre pandemic even without anyone going down the packed lunch route.

The skies have opened up and supposedly holiday companies are seeing massive demand but as danl90 has pointed out on a couple of occasions Mary Murphy going to Magaluf for a fortnight with her mates might well be good for boohoo from a U.K. perspective but if businesses take a hybrid approach to business travel and opt for certain meetings to be done online rather than face to face it still reduces the overall demand for flights to certain places and leaves boohoo with the problem getting product to us customers in reasonable time frame at reasonable cost.

So not unlike what we witnessed in the financial crisis order 2008/9 and what we have seen recently with wholesale energy costs no doubt some businesses will be big enough or have sufficient cash/credit to see them through to the other side and some will fail. Of course those that are left standing when the dust settles will have the same size(ish) market to go after with less competition so it could turn out to be advantageous.

As always it boils down to do you think the board are capable of navigating their way through all this or not and is your investment time frame long enough to let them.

Benji don’t listen to those people having a go at you on here today, they clearly lack compassion.

You deserve their sympathy not their ire.

You are not capable of researching a company you want to invest in and resort to taking investment advice from a chat board and are presented with two very different schools of thought namely a) that the share is a dog and will be sure to drop further to 50p or worse and b) boohoo is a profitable company facing transitory headwinds and ultimately is a good medium to long term buy at these prices.

Unfortunately you go ahead and buy shares based on neither argument and are now left feeling disgruntled because you could not research it yourself, did not understand what a medium to long term investment time frame is and you believe it’s down to posters on here rather than your own lack of intelligence.

Now if that doesn’t deserve pity from the T4G, alex1621 or the other members of the board I don’t know what does!

This wasn’t even an advert it was simply the photos on the web site for the product in question.

No given it is not vastly different to the other photos boohoo use and given said photos are aimed at their particular customer demographic I doubt it’s a boohoo customer who has made the complaint. It smacks of either someone seeking to find that which will offend them or someone seeking to stir up trouble/negative press for boohoo.

If it is activity from those with open shorts to try to influence the share price then it’s not particularly groundbreaking and would suggest they are scraping the bottom of that particular barrel. Personally if I were in control of a big short position I could envisage setting this up and dumping a few more shares on the day it hits the press to try and entice a few more exasperated holders who are barely in profit to sell (let’s face it the holders way underwater would have done so already if they were so inclined).

The concern has to be whether it will prompt a bunch of ‘seeking to be offended’ types to scrutinise the web site and find lots of other photos to complain about.

On the bright side boohoo have been very active in having a diverse range of models of different sizes, ethnic backgrounds and so on. So unlike our famous “Leicester slavery scandal” should the press or anyone else want to come at boohoo about their stance on women they won’t be answering with an offer of changes they will make after the fact but with lots of examples of what they already and have been doing for some time which is actually better than many other retailers.

Most definitely a storm in a teacup and not something to be concerned with as far as I am concerned.

When are you advising following the shorters pp1? Follow them from 27th December or follow them from tomorrow?

NMW1969
Posts: 335
Price: 94.44
Strong Buy
RE: Short SqueezeToday 12:44
P Moran, see below taken from last RNS……

Thanks NMW 1969 - I had clearly missed that snippet, obviously too preoccupied/disappointed with the numbers!!

As stated in one of my earlier posts I do believe the December trading update will have definitely erred on the side of caution given boohoo’s past tendency to under promise and over deliver so I’m expecting that March update to be inline with latest guidance at worst and quite possibly beat it.

I keep seeing comments about results due out in March but I can’t see any information from Boohoo regarding this.

The boohoo financial year ends at the end of February. The results have historically been presented end of April.

Boohoo have issued ad hoc trading updates in January in the past but my understanding is they made it clear when they issued an update in December that the next update we should expect will be the full year result themselves

I doubt we will get any form of trading update once the financial year has ended so unless they had an exceptionally good or bad period immediately following the latest guidance issued in December and feel the need to tell the market in the next week or so the next we can expect to hear from the board is the full year results at the end of April.

Or have I completely missed something?

“Online businesses generally also face “a laundry list of headwinds”, which include global supply chain issues, competition, and environmental, social and governance compliance.”

Are the global supply chain issues and competition only applicable to online businesses?

Are environmental, social and governance compliance applicable to all online businesses?

Rather poorly written piece from proactive investor really.

What will happem if boohoo results are better than the guidance issued on 16th December? Well I wouldnt like to predict what would happen to the share price but I reckon that maxage will state that the board have lied yet again!!

Come off it Dan you know kamani is not great at either presenting or answering questions. Remember his responses to the mp sustainability committee or whatever it was? JL kept trying to jump in and answer questions almost as if he didn’t trust kamani! He certainly wouldn’t be helping the cause by trying to answer questions on investor calls.

Carol isn’t much better and one gets the impression that if she were not a co founder of the business she too would be forced to take a back seat when it comes to presenting at the updates.

Shein’s founder has stated that he isn’t changing his nationality and the company isn’t going to float and whilst that could week be BS it’s still looking unlikely that we will see shein float in the next 12-18months.

I expect boohoo will be in a somewhat stronger position at that point both in terms of the share price and the outlook and therefore a takeover would not be as simple or cheap as it might appear in today’s circumstances.

Peoplepower ‘The shorters know that the end of year results will be poor for Boohoo so they won't be closing any shorts’

So the boohoo year ends 28th February and in 16th December they issue a trading update highlighting adjusted growth and profit forecasts for the full year. Whilst the new forecasts don’t make pleasant reading and certainly have a negative effect on share price that bad news is already known and priced in.

Are you actually suggesting that the results for the year ending 28th February 2022 will be significantly worse that was forecasted on 16th December and the shorters know this and that’s why they are not closing?

Given how long you have been invested here and how many interim and full year results statements you have seen along with the various trading updates over the years do you not think it far more likely that boohoo were if anything overly pessimistic in their update of 16th December?

Don’t forget at the time of the update many office parties had already been cancelled, we were not sure if Boris would still cancel Christmas and there was wide speculation that even if Christmas went ahead new year could be cancelled and there would likely be a firebreak lockdown to start off 2022.

Peoplepower, that’s a bit like saying someone might have to borrow money to do their planned bathroom refit later this year because they only had £3000 in the bank after their last quarters statement and it won’t go far because they have to pay £2000 for their planned holiday and £1000 to fix their car?

Do you perhaps think that between then and now boohoo might be knocking out enough product to add to their cash in bank position?

Maxage - sorry I must have missed the post(s) where you explained that you have been lucky enough to trade this share on the way up and down. Although be fair that’s hardly surprising given the number of posts you churn out!

My earlier post was in now way offering advice or suggesting that there is some magic stock market law that indicates a share price that has fallen will go back up to the price that it once was. My post was suggesting broad grouping of the type of share holder we seem to have posting on the board and amongst them are certainly those shareholders who purchased at a higher price and are happy to hold in the belief that the boohoo share price will recover to their purchase price and beyond. That’s not an unreasonable expectation for those shareholders to have if they believe that the pandemic related issues will ultimately subside and that boohoo can continue to do what they have done in the past which is to grow revenue at an acceptable margin and generate acceptable growing profits.

Granted there are some posters on here who make what we might agree are silly claims about how quickly the share price will move but isn’t it equally silly to suggest 50p incoming as it is to suggest £4 here we come without any facts or fact based theory to back it up.

If you’ve made rather than lost money on boohoo then that’s great but it certainly doesn’t come across like that in your posts which genuinely do read like they are from someone who has had got badly burned and is looking to blame everyone from the board to those posters who, when things were going well, added more shares and suggested that the sp will reach the circa £6 required for the board to get their bonus.

Maxage - maybe some share holders purchased at the higher prices and are happy to hold until the share price gets back to their buy in price and beyond. Maybe some share holders purchased at higher prices but have also added at much lower prices and are happy to hold until the share price gets to their new average and beyond. Undoubtedly there are share holders who have purchased at lower prices and are now somewhat excited about their current holding which they expect to grow substantially. And let’s not forget those people who purchased at lower prices, sold out at the higher prices and took their profits and have subsequently invested again at a lower share price who will feel satisfied that they are going to make money out of boohoo for a second time.

And there are of course those people who are not particularly interested in holding for anything like the long term but have bought in and sold out several times to make their profits.

This leaves only those share holders who either bought in higher and sold out at a loss or worse those that used leveraged products such as Cfd’s of spread bets and have been subject to some form of margin call and lost out by a substantial sum (relative to the,) and who either cannot or will not buy back in. They have lost money and no matter what happens to the share price from here that money is lost and they won’t be getting it back courtesy of boohoo.

You certainly appear to be in that latter group and whilst it’s easy to take your frustration out on those people who you see as rampers and blame other individuals for your loss the simple fact is that if you lost money the only person who you can realistically blame is yourself. I appreciate that it’s not great to lose money and it’s hard to live with large losses especially as you might feel that the extent of those losses could have been mitigated if only you’d got in or out earlier or whatever.

I also appreciate that it’s not great when you look at it in the cold light of day and know you’ve only got yourself to blame but at the end of the day that’s the long and short of it and one has to simply dust oneself off and get on with life. Constantly posting on here and having a pop at other posters won’t fix it for you.

I also enjoy the daily update.

It’s the only post we see on here that is factual, submitted only once a day (sometimes less is definitely more SCB!) and doesn’t cause the all too common bickering between rampers, derampers, traders and long term holders and the general somewhere in betweeners that make up this board!

When I first saw it I speculated about the user name and whether razor is a fan of AC/DC or simply well read and a fan of the Somerset Maugham novel.

Today however I am speculating as to whether Razor had a lie in or not!

Thanks Razor.

Final results for the year ending 28/9 February are published in May. The company can issue a trading update prior to that if they choose to or if performance is significantly better or worse than the latest guidance issued.

Moose …. ‘He’s not the messiah he’s a very naughty boy!

But if my memory serves me correctly he was voted best poster on here wasn’t he? Surely there’s no way LSE will get rid of he who was voted best poster would they?

The times report says that shein are once again considering a $50 billion float on the New York exchange at some time this year with Bank of America, Goldman Sachs and JP Morgan working as advisers on the flotation. They are previously supposed to have been considering this a couple of years ago but binned their plans due to rising USA/China tensions. The article reports some £11.7 sales last year with shein shipping to 150:countries worldwide and US being their biggest customer. I also suggests that shein founder Chris Xu is considering becoming a Singaporean citizen to ease the oath to a New York listing because of china’s toughening stance on overseas flotations.

The article also mentions that shein overtook Amazon as the most down loaded shopping app in the us last year (although I presume a lot of people already had Amazon so didn’t need to down load it) and that a listing would force more transparency from shein.

I agree ragtrade it is a big beast now and with different customer segments to satisfy. As shareholders (I’m pretty sure we still get posters on here who are actually holding shares) we all want to see growth across each brand but it’s possible that the customer offering (delivery terms, free returns, marketing strategy and even the website layout) might need to differ for certain brands to better meet its customers requirements. It’s already been discussed on here wether the test and repeat model is suitable/used for some of the brands and given the different customers by brand we already see a difference in quality and price point across the stable. It would make sense to have the right expertise in the business at the right management level within each brand/group of brands and whether that results in a bit of internal competition for the head honcho job or builds in succession planning or sets the group up to treat different parts of the organisation as separate entities who knows. But the fact that they are recruiting at this level is positive as far as I am concerned. If, as you say, Finley is of the right calibre then even more positive in my view.

At least the board appear to be concentrating on the mid to long term view even if some of the shareholders and posters on here are more aligned to the short term currently.

Maxage
Posts: 1,047
Price: 102.60
No Opinion
RE: PlayedToday 12:48
If that is true be prepared for IPO price

If that’s true be prepared for the required regulatory notice rather than speculation on here or elsewhere!