Member Info for Pmoran1969

Clarence I suspect it will help even though cost of the test is more than the cost of the flight!

Malice, just an observation but if you are going to give it large about other posters with comments like ‘you actually couldn’t make this up!!!‘ and ‘these people are so thick’ perhaps you should understand that if you pick up a report and read it when you have finished and put it down you have read the report.

Or to put it another way read is the past tense of read whereas red is a colour.

Uncle Doug. That’s a bit of an oversimplified view In my opinion.

If you were buying a car and the fuel efficiency was important to you and I offered you two cars, one that did 96 miles for a litre of petrol and another that did 90 miles per litre of petrol you would likely want the one that did 96 miles per litre.

Now if I told you that the car that did 96 miles per litre was 3 times as expensive, could only be used in dry weather and can only use petrol from a specific chain of petrol stations whereas the other car can be operated in all weathers and use petrol from anywhere you might actually consider the 90 miles per litre model to be the better option!

There’s a new rns every other day about MS holdings in the company!

They initially announced their holdings as 6.38% on 30/10. That went up to 6.53% on 4/11 and down to 6.49% on 6/11. On 10/11 they announced it went up to 6.51% and then back down to 6.49%. 11/11 back up to 6.53%, 13/11 down to 6.43% and then we saw 6.31% on 17/11, 5.97% on 19/11 and most recently 5.93% announced today.

I wouldn’t read too much into it. It looks to me like they have initially taken the maximum allowable stake in the fund or funds they have boohoo invested in and are regularly rebalancing their stake to maintain the correct level of shares. I suspect it’s more related to the share price fluctuations of boohoo and other shares held by their fund(s) as opposed to vaccine news etc.

My only concern for our run up to Christmas is whether they will ease the lockdown sufficiently enough.

The govt have committed to ending current restrictions on Dec 2nd but will almost certainly put parts of the country into a tier that may well see pubs and hospitality shut down. If there’s no going out happening on the run up to Christmas for large swathes of the country that could have a negative impact on our sales.

I expect to see an increase in us sales and the new Middle East venture to be a success but i suspect European sales will have been affected quite badly by their latest lockdown given how strict it is in some countries. We don’t want to see anything hold back uk sales.

One of boohoos strengths is being able to deliver on trend fashion for next day delivery but that poses a bit of a challenge for us when people are playing the waiting game concerning lockdown restrictions. I don’t imagine people will be going mad this month buying their going out clobber if they are not sure they will even be allowed out, especially when they know they can order it when they know what’s happening and have it delivered the next day.

So for me it’s all down to what bojo has to tell us tomorrow and which parts of the country will or won’t be going to the pub etc in the next few weeks. We may have to satisfy ourselves with the sp not going up much until the spring if govt tier restrictions affect consumer behaviour and therefore sales.

Yes sell up and take this afternoon off. In fact take monday off as well and let me be the first to say to you 'see you next tueday'!!

Malice - pogue mahone!

To be honest jimmyboy it all himges on whether the new factory is built or not mate! :)

I’ve been with William hill a long time and I have made a tidy sum from this even though I’m still whinging to anyone who will listen!!

I’ve enjoyed this board it being one of the more sensible ones and wold just like to say thanks to the posters. I wobbled at times and was reassured by some of the comments on here even if it was just knowing that morbox or was it chancers I can’t remember was having the same doubts as I was.

Forgive me for not remembering which of you it is who works for William hill but I hope everything goes ok on that side of things when the dust settles.

I’m going to wait a few days to see where the sp settles and will do the same as a few of you Harv either done or doing. Sell what I need to to take a position elsewhere.

I’ll have to leave some shares in my account even if it’s just one share just because of the pleasure it gives me when I see the +198%!! The only other share that’s been as profitable for me in the last few years was AJBell where I opened a sipp just so I could buy at the ipo.

See you around and good luck to you all, even you owls whose be telling me I’m a greedy git for wanting more than £2.72 :)

Let’s be very clear about one thing Kendall’s comments had absolutely no effect on the share price today. My opinion of course not fact but here’s why I think that.

What affects the share price at the end of the day is more people wanting to sell shares than people wanting to buy them. I’m taking the liberty of oversimplifying somewhat there but essentially that’s it.

So in July when the times story about factory conditions and below minimum pay broke it wasn’t so much the times story that caused the drop in sp but the amount of people selling. Now given boohoo came out with some statement at the time saying they were shocked and would look into it and given the number of holders commenting on here at the time saying it’s all hot air and what about Nike and apple and so on what do we think actually caused the big drop and the downward momentum? Private investors running for the hills or Standard life offing their shares?

Kendall wrote to the major share holders more or less directly after the Levitt report was published asking them to oust kamani and Lyttle and they told her where to go. Jupiter even made the content of their response public which I thought was a little ironic at the time given it was their non executive chairman Nichola pearse who responded and she’s married to non other than our shorting friend Crispin Odey!

Anyway if the big boys didn’t listen to Lizzie then and backed the board why on earth would they offload shares now? So if the major institutional investors are holding I wold expect the share price to fluctuate within a given range up or down whether that’s affected by the general market, lots of day trading or a glut of private investors who get cold feet and sell at the open!

I maintain that it takes a lot of activity from private investors to have a significant impact on the share price and logic tells me that anyone invested in boohoo who knows anything about the company and the stock doesn’t jump out at the first sign of a news report on East Midlands today or some labour mp showboating. It would take something like the loss of an auditor to do that!

If Jupiter change their mind and offload boohoo or if one of the new American investment houses decide that they want out because of liz we will know about it and it won’t be a drop of 3-5% and a pick up back to base line by the end of the day, it will be July mkII.

I doubt we will see much movement up or down until we hear a bit more about what’s happening post lockdown and people can make educated guesses as to how that will affect boohoo sales or until we hear from boohoo about sales. I seriously doubt the media have any more to throw at boohoo because if they did it’s unlikely that liz Kendall would be news so for my money it’s neutral until positive news arrives.

The simple fact is though that we did indeed get bad press. And to be fair the results of the levitt inquiry proved that the initial bad press was not exactly unjustified.

The relentless repetition of the times story cut up a thousand ways and the later frenzy over PWC going wasn’t exactly fair but hey that’s the British press for you, just look at how they used to go after the national football team or the enjoyment they took at giving ant mcpartlin or the artist formerly known as Prince Harry a mauling!

Fact is we are where we are and if the press played their part in holding the share price back there’s nothing that can really be done about it.

However throughout all of the modern slavery spreading covid in Leicester and putting them in lockdown and being such a bad company that boohoo could not be associated with the likes of PWC for fear that it might taint PWC’s stellar reputation for quality and integrity (yes my tongue is firmly nestled against my cheek as I type) one thing hasn’t changed as far as we know. People are still buying boohoo gear and boohoo are still making a tidy profit as a result.

Throughout that whole period when some of us on here were desperate for positive news via RNS or for the board to come out fighting the press boohoo just got on with knocking out product.

Now here we are on the run up to Christmas with the high street shut down for Black Friday and the press out of ammo and the time might just be right for boohoo to play a bit of catch-up.

The pre covid highs of £4.30 might have been a bit over the top given how much this share seems to be momentum driven but expectations running into the last results presentation got us up to £3.80 odd so I am hopeful we will see a similar picture on the run up to the next trading statement in Jan.

If there’s more non execs to announce or an indication of what’s happening with the factory site or a us distribution hub or if there’s an update on how the venture in the Middle East is going or a trading update or even a new acquisition to report on the way then it will all add to the fun and, more importantly, I hope the share price.

However a lot rides on the govt letting Christmas go ahead when the current lockdown ends and by that I don’t mean that your gran can come over for Christmas dinner or Aunt Maggie will still be able to have her annual Boxing Day buffet for the whole family. We need to have the high streets back open and the Restaurants hotels and pubs back in business. The office Christmas party might not be able to go ahead in the usual way but even if you can’t laugh at the MD trying to dance or cop off with the cute one from accounts as long as people can go out they will want to look good and that’s what we really need to see to get the momentum going here.

Any uncertainty about some form of normality over Christmas could hold us back and then it might be the spring summer collection before we see the share price in the £3.80-£4.0

Spider I hold wmh in my sipp with aj bell and they sent me a corporate action notification to vote. I also hold them in my isa with Halifax and for them I had to contact them (using the online chat function which was easy) to ask about it and they took my voting instruction online and logged it.

If you haven’t heard from your provider via corporate action notification I suggest you might have to get in touch to log your vote.

Oilbarron I’m with you pal unless your new chief is Gordon Ramsay or Raymond Blanc why bother with an RNS.

I can’t wait to see if there’s an RNS tomorrow telling us what John Lytle baked for the last board meeting. Then again I wonder whether it’s the Chief Pastry Officer that does the baking rather than the Chief executive officer?

Ragtrade couple of observations. Firstly I think this is just a new supplier relationship for boohoo but a big news event for bring. I like the positive PR of a manc business doing this business with a local firm thus proving that there is good stuff happening outside London and there might just be a northern powerhouse after all!

Regarding your comments about rugby shirts, golf clubs and old codgers I think you have a point but I would have thought boohoo have few worries about their boohoo and PLT brands being searched for so I wonder if the brief for bring is to enhance the coast and Karen Miles brands? I recall from the q&a section of the results briefing that one of the analysts was very keen to understand which brands had contributed how much to boohoo’s growth so maybe the less edgy brands that boohoo have are the ones that need the work doing for them.

I get the impression that boohoo would like to be able to provide clothes for their customers from cradle to grave but all their existing expertise and success is with the 16-24 age group so if this relationship with bring is part of their plans to recruit new customers in different age segments and guide their current batch of young fashionistas onto the next boohoo owned brand to suit their lifestyle as they grow up (and other such marketing type bs) then it’s a good move.

Ftse100 is all about market cap. If boohoo wanted to they could move to the ftse index and they would be just outside the ftse100 at current share price.

Of course the way this share behaves at times theyd be moving in and out of the ftse250/ftse100 like doing the hokey cokey!!

However there are different rules and constraints in the ftse index (stricter) than Aim and aim also has certain benefits around inheritance tax as i understand it.

Its boohoos decision/choice and for now they appear to be satisfied sticking with AIm. Would be interesting to see the likes of sla having to buy back in for their ftse tracker funds if they did move though wouldnt it!!

Shorey rumour has it that pre covid the Barclay brothers were talking about floating the shop direct/very business. I understand sales are up significantly year on year and very are forecasting a very busy and very profitable Christmas period and, as I understand it, the senior management team at very still believe a float is on the cards at some point in the future.

I think the move to aim for nbrown has more to do with estate and inheritance tax planning than it being a precursor to taking it private and I think the work they are doing currently to grow their online specific expertise is all about putting the company in the position to grow and perform and generally up their game over the next couple of years.

If very does float nbrown would want/need to be performing at a level that the market views as acceptable (or better) when they have a competitor alongside them publishing the required results etc that would offer direct comparisons.

I was perfectly happy with my holding being in profit having got in earlier this year having identified bwng as one of my covid recovery plays/punts. This placing malarkey has been a bit of a curve ball and I’m not entirely sure whether I will just do nothing and let it ride, take up the offer or get out with a profit and see what happens I think he short term and jump back in perhaps. Chances are I’ll take the if in doubt do nowt approach but that’s both worked for and against me in the past!!

Given the loss is broadly speaking where the company forecasted it would be and where the market expected it to be I wouldn’t expect it to ‘FALL DEEP’. Bit of a drop is inevitable in those results but the vaccine news and pent up demand will keep it up in my view,

The big risks come if vaccines fail to materialise as quickly as expected or if the expected pent up demand doesn’t happen early enough. That would expose the debt position and put significant pressure on the sp.

For now I think the market will look at these results as all the bad news is now behind us and whilst as I say there will be an inevitable drop based on the loss being slightly higher than anticipated I expect the sp drop to be in the region of 5-10% rather than 20-30%. News of the azn oxford vaccine or a lifting of travel restrictions early next month and amendments to quarantine for returning traveler and things will pick up again.

Why bother comparing ASOS to boohoo in the first place? I see the relevance of how ASOS results might give an indication of how well or badly boohoo are doing as does nexts performance to a degree but beyond that any comparison is of limited value as far as I am concerned,

Some of their target market might overlap but they are essentially not trying to do the same thing as each other beyond the obvious selling clothing. Just as there are similarities and differences between hsbc and Barclays there is space in the world of banking for them to both coexist, be successful and grow profits.

ASOS,boohoo, next, tk max, Zara and whoever might well all be in the same pub but they are drinking different drinks. Some of them may both be drinking gin and tonics but it will be different gin and one will be on the Schweppes while another is using fevertree!

Go out and ask a bunch of 16-24 year olds which one out of ASOS and boohoo are better and you’ll get an answer based on which one they think is best. But ask them if they would buy from ASOS and boohoo and their answer will probably be yes for both. As Boohoo investors we only need to be concerned with are enough customers shopping with Boohoo, are they spending enough and are the margins being generated sufficient. ASOS investors need only be concerned with the same and if the answer yes for both then as investors we may choose to be invested in one or both of them without having to choose which one is the bestest!

Just before lock down we went to a pub for a few pints. Football golf and the merits of having to wear a mask to walk into the pub but not whilst sat at the table were all dicussed along with various other matters including uk ecconomy outlook and if/when housing msrket will crash and by how much (some at length) but boohoo vs asos didnt make it onto the agenda. Am. I drinking with thr wrong kind of person do you think?

Hey arnold justwanted to share with you that my coffee machi e ran out of beans while making my first coffee thia morning. I only noticed whe. I took my first sip and realised that the coffee wasnt strong enough.

Ordinarily my first thought in such circumstances would be that i am a bit of a richard head for not checking the bean status before making my coffee. However this morning my immediate and overrinding thought was tbat insufficient beans led to too much dilution!.