Member Info for Pmoran1969

Bobby b04 “has to be a leak. massive results!” I’d like to think if there has been a leak it’s not merely confirmation of what we think we already know concerning massive results. I’d like it to be confirmation that boohoo has no case to answer regards slave wages inquiry and the recommendations from said inquiry are either already being addressed or easy for boohoo to address.

Isthisawinner, if you were even slightly decent at predicting share movements you would have some money to long or short on any stock you desire. By your own admission you haven’t which tells me everything I need to know about how valid your opinion is!

I’d add to novice42’s comment. Generally investors are guilty of onLy investing in shares listed in their own country and the approach to gambling stocks in the USA is quite different. To the U.K. currently. Here bookies are old hat, well established companies not doing much who have suffered from the fixed odds betting terminals stake reduction, the lack of footfall on the high street and more recently covid restrictions to sports taking place. An investor is more likely to take a punt on oil than a bookie in the U.K. in the us on the other hand gambling stocks are growth stocks and the world (or more accurately the states where gambling is legal) is their oyster. A us investor is more likely to buy shares in a bookmaker than they are to have a bet on the Kentucky derby. If, as has been speculated, ceasers and wmh set up a joint us listed company I’m confident that we will see as much demand for those shares as we would for draft kings or anyone else.

Jeffery, the sl is about the same place it was pre Covid when fobt stakes had recently been reduced to £2.00, the U.K. press were having a pop at ‘evil’ bookmakers at every available opportunity and ray winstone was made (regulatory pressure again) to tel us that he bet responsibly with a competitor rather than simply declaring I’m the daddy bet on West Ham now! My point is that since then legalisation in the us has gained considerably more traction, wmh USA has done a deal with Eldorado/ceasers and there has been much more information coming out of the us about the appetite for betting and the revenues up for grabs. There’s even been some speculation about how the deal with ceasers might result in a selerate is company forming or some sort of takeover. Oh yeah and in addition to all that the done brothers have been buying sufficient wmh shares that they have had to declare their holding. Personally I think £2ish was a little underpriced/oversold beforehand but based on the opportunity the USA presents and how well William hill is placed to exploit said opportunity I believe £2ish is just a starting point. Or to put it another way this has more legs than a millipede!!

Dubs I am a long term holder of wmh and before Covid I was in an ok position in profit with my dividends having been reinvested, although the share price drop attributable to the change in fobt stakes are into my profit somewhat. When Covid hit and the share price tanked I piled in to bring my average cost per share down and I am now comfortably in profit once again. I’ll be honest I am still undecided as to if and when I will take some profit as I only really see upside in wmh over the next few years and haven’t identified another share that I would want to be in enough to sell here and buy there. I expect the dividend to make a return next year, I am intrigued as to what will happen with the USA short term and excited about what it will do long term. I’m sure I’ll have the debate with myself as to should I or should t I sell some of my holding but for now I’m going with my instincts which say hold and wait and see what the world looks like around Cheltenham (March 2021).

Entire article below. I like the “boohoo said they don’t comment on speculation” comment. it wouldn’t surprise me if that’s all boohoo have to say to the Sunday times for a while yet!

Sunday times 13th September. Liam Kelly.

Online fashion retailer Boohoo is circling New Look as the struggling high-street chain teeters on the brink.

New Look has proposed a company voluntary arrangement (CVA), a form of insolvency that lets retailers cut rents and close stores. It is New Look’s second CVA in 2½ years, and a crunch vote of creditors is set to take place on Tuesday.

Landlords are resisting the plan, under which property owners would accept no rent for three years on 68 shops, and take rent linked to store sales on more than 400 others. A CVA requires the approval of 75% of creditors.

New Look said last week that its search for a buyer or new investor had proved fruitless. It has hinted it will go into administration if the CVA is thrown out.

Boohoo would buy the New Look brand and ditch its stores. Founded by former rag traders Mahmud Kamani and Carol Kane, Boohoo has exploited the high-street turmoil in recent months by snapping up brands such as Karen Millen, Oasis and Warehouse, after they collapsed. Despite a recent scandal over the treatment of its suppliers’ workers in Leicester factories, it has a market valuation of £3.8bn.

A source close to New Look said a deal that involved the brand being sold and shops shut would not be “palatable” to its 11,000 staff or creditors, and would be a last resort.

Boohoo said it did not comment on speculation but added that it would “review opportunities as they arise”.

Wyndrum I only purchased my shares after the times story broke and the share price tanked. I bought them because I thought boohoo was oversold and would bounce back (and then some). One of the key factors when deciding to buy was that despite a random influencer and a couple of wholesale customers dropping the brand and an institution shedding their shares there was no mass movement to boycott boohoo from their customers. So in my head that meant they would still be selling lots of gear to lots of customers and as long as that continues the company continue to make solid profits and it can only be a matter of time before the share price goes up. Frankly I don’t care that some of my holdings are with companies that Produce oil, manufacture tobacco, arms, sugar, promote gambling, make cheap clothing or, in the case of one of the banks I hold have been involved in laundering money for a Mexican drug cartel or two. Do they pay a dividend and or will the share price grow Sufficiently is my only concern. Sure it would be nice if they could get the right logo on their letterhead to state they love the planet or their workers or whatever but I own the shares to get a return on my investment and bottom line that’s what matters to me most. I would continue to hold until the sp got where I wanted it to as long as the fundamentals continued to stack up.

Cj i was worried about you when you sold your william hill shares. Now it appears you are comparing everton with the mighty wolves. I am seriously concerend about your well being. Is there anytging we can do to help you get over this strange behaviour and the bouts of madness that you are experiencing? :) and yes I allready have appropriate condiments on hand should i be required to eat these words next may. Seriously tbough glad you are back.

That’s it then no rns today by the looks of things so I reckon it’s either 16th or nothing until h2results day.

If aim have rules that state any significant change on previous guidance should be published one would expect that rule to be followed by boohoo.

If the rule allows them to update on the day interim results are published but in the last the company have chosen to play nicely with mr. Market and update before results day it would be reasonable to expect that to be the case again.

Of course there is the issue of possible bad publicity “boohoo results fantastic on back of slave wages” so that might influence when they would issue an update.

Boohoo get the results of the inquiry published to the board on 15th September I believe.

So if they were considering issuing an update prior to the results being presented on 30th and were considering how this might play out in the press perhaps they will wait until after 15th.

That way they can limit the number of days of bad publicity before boohoo will come out with the results of the inquiry and their initial response To it on 30th with h2 results announcement. Or perhaps they will issue guidance on results through rns to comply with aim rules and also play nice with the market whilst also providing some details of what the inquiry will publish.

Steveknows and wyndrum I enjoy reading both of your posts in the main as you both have a point of view that you put across in well put together posts whether I agree with the point being made or not. Clearly on this issue you are not in agreement yet I can see both points of view and personally can see some merit in both of them. I had a situation a week or so ago on here where I made some comments regarding audits and myself and oceanpassage exchanged several posts. I didn’t think oceanpassage completely got where I was coming from and he was a bit forthright with his response issuing the challenge “come on then point out one thing just one thing that the Levitt inquiry will pick up” or words to that effect. I got the impression he was a bit frustrated with either mine or others posts particularly given his informing us that he has a background in retail audits and had explained some of how they work. We were both in danger of repeating ourselves or getting to the pedantic stage which would have been an unfortunate place to get to given, not unlike yourselves, his posts were well put together and made a sensible contribution (even if I didn’t agree with the entire content). I can’t remember if he or I simply stopped answering and accepted that at times you have to agree to disagree but stop it did and both parties were able to take whatever each found valuable or useful from the exchange. At no point did I consider filtering him simply because we didn’t agree or thought the other a bit argumentative over part of an issue simply because I don’t want to miss his future posts which I may or may not agree with. There’s enough people on this board who have resorted to insults or make daft predictions or whatever who perhaps the filter function would prove prudent but do you genuinely think that of each other? Not here to referee or bold enough to free advice but as an outsider looking in like I said I can see some merit in both of your views and if pushed I’m sure you can too. So maybe just accept, agree to disagree and remain unfiltered would be the best action?

Sub £70? I’m not into cfd’s and spread betting, don’t trade shares and rarely take up positions for short term being more of a buy and hold merchant. But if this does go sub £70 I would seriously consider getting the cheque book out and overstretch myself for a short term hold.

Genny prince jnr £200/300!!! Jeasus Id rather go without! Id happily part with £10k for a rolex submariner though.

As for these boards i agree with previous comments i donr think they make a jot of differemce to the sp but they could be responsible for seperating the unwary from part of their bank balance. Bit then again so can unsolicited emails from nigerian princes or cd callers offering free pension revirews!

Its sad but a fact that some people are not prepared to study the form and the going before placing their bet and will just blindly follow a tipster or worse a bloke they heard talking down the pub!

Itll get to 100+ at some point in the future never mind 95 but personally i think that was just a blip and a bit of over excitement about covid vaccines which in the grand scheme of things probably isnt whats gping to get this up to 95 and beyond anyway. I reckon 85ish is not an unreasonable near term target and a fair price. I expect steady growth with the usual ftse fluctustions and the pound dollar changes having an effect along the way. Ive held azn for some.years and its in my 'buy and hold forever' pot. A well run business with a good pipeline and a decent dividend. Nothing not to like really.

It usually takes companies about a week to compile the data for the month end. So by now/tomorrow the board will know exactly what the half year to 31st August results are. About now the inquiry team will also know exactly the results of their inquiry. The board get the inquiry results presented to them on 15th September and the world gets the results of the half year update and the inquiry results and boohoos initial response to it on 30th September. OfficialY no one else should get the details until they are made generally available on 30th but in a lot of companies cases the bigger shareholders and those in the know outside of the board always seem to get wind of stuff before the official release date. Like people power said I don’t expect to see anything official until 30th September (primarily because as others have suggested the board will want to avoid the press Having the opportunity to use an update of expected good results in a negative way). I think the next couple of weeks will be interesting/challenging because any. movement in share price will lead to more than the usual levels of speculation concerning is this the USA markets pushing us up or dragging us down ? Is it a leak of good or bad news regard the inquiry? Or is it a leak of good or bad news concerning the results? I’m pretty confident the results will be good and that the inquiry won’t reveal anything earth shattering. But I wouldn’t want to try to predict what the short term share price might look like!

Vin, one of the articles linked on here (had a quick look but couldn’t find it) included extracts of a conversation with John Lyttle in which he mentioned the desire to build a factory on the site of an old car dealership in Leicester. From memory in that interview he was also questioned regarding sales and he indicated that they were comfortably on track and said something along the lines of if they weren’t going to hit their targets they would have to issue guidance to the market and they had no plans to do that. Perhaps that’s the article you recall. Asked on that comment the general consensus was that the half year update would confirm good sales growth. However since then other companies who operate online either in part or in their entirety have come out with higher numbers than expected hence the reason why people on here are seeking an rds update that confirms that. As I understand it there are AIM rules that specify guidance should be given if something happens within a business that could materially affect share price but whether this includes sales/ profit growth or dictates a margin of tolerance above or below latest forecast I don’t know. Seems to be two schools of thought on here suggesting if it’s going to be much above or below previous guidance an rns must be issued vs it’s down to the company to decide. We will of course find out soon enough but it is a bit like A kid waiting for Christmas at the moment!

People powers response to spicey wishing she was a journo for the guardian

spicey - unfortunately these days with 24 hour news, journalists don't have the time to do any proper research hence why they copy stories from one newspaper to another.

That’s a bit rich coming from the cut and paste Queen isn’t it people power?

It’s already been pointed out by other people on here that your research amounts to cutting and pasting articles from elsewhere on the web and trying to pass it off as your own. I nearly fell off my chair when you posted yesterday that you hadn’t seen the guardian article despite steveknowsnothing posting a link to it on here an hour before you said that! I would have thought someone who researches every share they own every day would have picked the article up off here at the very least if not from the extensive research you claim to do!

You constantly post the same stuff over and over again and when you have been challenged to share with us the benefit of your research or provide us with some useful insight that isn’t directly lifted from investopedia or the like you simply don’t respond until the next spew up of the same cut and paste repetitive drivel.

Given you have nothing new to add maybe it’s time for you to devote more time to research research research and less time posting on here?

Any ii's who wanted out got out after the times story hit. Any who want in and didnt take the opportunity to do so immediately after the times. Story will be waiting for the outcome of the levitt inquiry and the half year results update. Now for botg of those thi gs they shouldnt be im a position to react until 30th september like the rest of us. But we've all witnessed stocks that bave moved one way or another prior to a company releasing results so for me I thinl the period around 14th - 16th september will be an interesting one.

Could be worse steveknows, you could have predicted that it would be £2.80 open and today’s ultra trade would be at £2.20! At least your predictions are sensible, even if only for just under 4 minutes :)

Looking at the time of zebudees posts over night he was waiting up to see if there was an 0700 rns!! Zebudee I hope you were gripped by a new series you’ve found on Netflix or the action in the Asian/Australia markets rather than by fear of how boohoo will fare.