Member Info for Pmoran1969

Trendz, totally agree. The times article hit just after every 12-24 year old in the country (I may be exaggerating slightly) went to a Greta thunderberg rally and committed to never allowing their pension monies to be invested in oil and never owning a car ever. And was in the middle of the blm craze of pulling down statues because someone 200 years ago went to school with the second cousin of bloke who made the sails for a ship that once sailed in the same ocean as a slave trading c
vessel (again I may be utilising a bit of poetic license there)! I think SLA jumped the gun a bit thinking that there would be a massive movement against buying from boohoo along with a mass exodus of Influencers and other investors. Other institutional investors openly admitted that whilst there may be some concerns they were already working with boohoo on the matter of governance of suppliers and were encouraged by what they had done and even more encouraged by the response to the times story, that being the independent Levitt inquiry. If a uk smaller companies or growth fund hold boohoo (which we know they do) as long as the Levitt inquiry only highlights issues with suppliers and suggestions for improvement and as long as the board are seen to take the findings on board and commit to action there is no reason why those funds can not justify continuing to hold as long as its profitable for them to do so. I still maintain the board wouldn’t have gone so gung ho with the inquiry if they didn’t genuinely believe they had Little or no case to answer so I fully expect the outcome to be mostly positive for boohoo and have little effect on institutional investors. The guardian can bleat about the findings and the time’s can do a follow up I told you so piece but at the end of the day if customers are still going to buy and the company is still going to be profitable most fund managers would be looking for reasons to justify keeping their shares not reasons for offloading them. It’s a bit like institutions holding oil, arms manufacturers and tobacco, they might not keep them in the ethical basket but they certainly hold them in the income funds and its only when dividends are cut or suspended that they consider offloading, not because one group of people suggest oil guns or tobacco is bad!

Pp we’ve been here before with you and ££ vs percentages. The simple fact is one person might save really hard to be able to amass £10,000 to invest whereas someone else might be on a good salary and pick up a £50,000 bonus every year £20,000 of which they throw into their stocks and shares isa. If person a loses £5,000 that’s 50% of everything they have whereas person b can lose £5,000 and it’s a mere 25% of this years isa allocation. The only thing that matters is the percentage profit or loss an individual makes as that is relatable to every investor. Even after today’s fall my investment in boohoo is up almost 20%, it matters not whether I bought £100k of shares at 240 or if I purchased in tranches of £25k and achieved an average share price of 240 or if I gambled £1000 I am up 20%. How much I invested, how much profit I have made or whether I can buy a new pair of Adidas trainers, a Rolex submariner or a Jaguar f type with the profits is neither relevant nor is it anyone’s business but the percentage is and is directly comparable to anyone else’s investment however large or small. Surely someone who reads the ft from cover to cover every weekend must understand this?

The two most important things that will affect boohoo share price are a) institutional investors buying in or selling out b) it’s customers boycotting the company and affecting its sales and therefore expected continued rapid growth. The initial times story said people were CURRENTLY being paid less than minimum wage and that people were at risk of Covid due to lack of correct Covid safe procedures. On the strength of that sla sold some of their holding (ethical funds) and customers didn’t do squat. Other institutional investors said they were satisfied with the information they had received from boohoo and would await the details of the inquiry to make decisions. The findings of the inquiry don’t even get presented to the board until mid September. The latest article is concerned with HISTORICAL record keeping and possible minimum wage breeches which at the end of the day are less damming than the claims made by the times. I can’t see this motivating their customers to boycott the brand any more than the times article did. And I can’t see remaining institutional investors reacting to this article if they didn’t react to the Sunday times one. So all in all the desire to sell In my view must be private investors and the reactive drop in share price should therefore be far less impactful than the one following the Sunday times piece. And the bounce back should be somewhat quicker too. Yeah it’s a risk buying this afternoon but a risk I was prepared to take at 280. Worst case scenario the results of the inquiry highlight areas boohoo need to improve and this tempers the positive effect of the results and it takes longer for the share price to beat the 400+ highs experienced in June. Still a hold (and a wee top up if you please) for me. I wonder if chrisengland has topped up this afternoon too?

Keepit I am a long term holder who purchased more shares at sub 100 to bring my average down. I am currently sitting on a paper profit and believe the share price is not far from where it should be for the current situation. I’m not expecting wmh to quickly more than double in price like it has done since the recent lows. However I am still planning to hold my shares and I expect the Uk/European operation to hold it own and the USA operation to expand over the next couple of years as legislation changes. I expect wmh to pay a decent dividend Moving forward and I’m looking for the share to reach 200 by the end of this year and move to 350 by the end of next (these are my own personal targets based purely on my imagination). There will be costs and risks and regulatory interference on both sides of the Atlantic but I still maintain wmh is a well run company poised to do well. Of course it’s easier to plan to hold a share that’s weathered a recent storm and leaves you in profit than it is to buy at one at that point . Have you missed the boat? I think you e missed the first launch to the cruise ship so will miss out on the best cabins! Could you still get on board? Sure but the speed at which the cruise ship will move to its ultimate journey will be slower than the launch craft that took the rest of us to the ship! If I was buying wmh today I would be looking at it as a hold for a couple of years expecting divvies to come back and the company to grow over in the states rather than thinking of holding for a few months. Should you buy in? As always with such things that’s a decision only you can or should make.

I purchased boo after the Sunday times story broke (Oversold in my opinion) and have been monitoring the boohoo board since I purchased. I can assure you that people power and his/her research research research, read the ft at the weekend cover to cover, attend every amg and hold it in a isa for 20 years and you will be rich mantra is about as well received over there as bwng’s 50p share price was by bazhh over here. No one seems to take a great deal of notice of his/her opinion on boo let alone bwng!! P.s bazhh, glad you held out here, hopefully current sp will make it easier for you to continue to hold out for expected future gain.

Personally I think regulatory interference has a lot to answer for regarding the initial drop in share price and this was bound to have a long term effect on the retail outlets. That said at £2..00ish per share and with the USA market and it possibilities things were not looking too bad as far as I am concerned and with dividends reinvested they owed me nothing over the long term period that I had been a holder. When Covid hit and they dropped to less than 50p they were an absolute bargain and I took the opportunity to top up and bring my average down to just u dear £1.20 a share. It’s great to see the recent rises and be sat in a paper profit but I still think we have much more upside with sports coming back in the uk and USA and with the market share we have in the us as well as the expected changes to legislation in the us over the next couple of years. I wouldn’t be surprised to see a stock split with the uk/Europe and the USA businesses being run separately and as long as that’s done as a split rather than outright cash sale of USA arm I can only see good times ahead. Now the more astute of you might well be asking what the hell this has to do with cine. Well I can tell you absolutely nothing as it’s my William hill holding I am referring to. You may well ask yourselves why on earth would anyone on boohoo be interested in William hill and I would have to concede that you would be absolutely right to question my posting about a totally unrelated share on this board!,

I agree pawnking. There’s not enough daily volatility to make this a day traders share anymore. There will be long term holders who held throughout the post Sunday times big drop or added and averaged down. There will be new comers who purchased after the drop expecting a bounce back up and throughout the last few weeks there will also be those who sold on the times story then bought back in and those who bought after the story and have taken profits. We already know those institutional investors who wanted to drop boohoo have done so and those who wanted to wait and see are doing just that. So anyone who wants boohoo shares has got them and anyone who wanted rid has dropped them. The Sunday times story has been mentioned and regurgitated since to little effect so in reality The only thing that will move the sp now will be the half yearly results and the results of the Levitt inquiry. Of course a results related update might happen before 30th sept and invariably the couple of weeks leading up to a company’s results statement often sparks activity based in rumours, leaks to those in the know, let’s hope any such activity is of an upward nature!

There’s a rather large structure in Nevada named after a former us president that does just that!! I hold boo and I believe the share price will get back to £4+ before this year is finished. That’s why I bought them. But they are not the only online clothing retailer, they are not the only company who focus on fast fashion and they are not the only company who understands the power of instagram. Boohoo have done a fab job of growing their company and their brands and I’m sure they will continue to do so and I’m pretty confident the bod will reach their Share price target of £6.00 per share. But let’s not get so carried away that nothing can hold them back because to be fair if their customers had got motivated by the Sunday times article and started to shun the brand we could be in a very different place today. In a relatively short space of time boohoo have become a powerful player in the fast fashion world But with power comes responsibility and if boohoo are not seen to take their responsibility seriously they can get hurt by the fickle world in which they operate. I seriously hope they manage the findings of the inquiry well and continue their success but I’m not blind to the challenges or potential risks that they face.

Andypandydandy, if they could get away with it amigo would happily let you use your first born as collateral, perhaps you were right first time!!

Poeple power the only figure that matters is percentage mate. If i make £1000 today by trading shares or even betting on a horse race that sounds reasonable. But if i had to risk £100000 to achieve that its certainly less reasonable than if id only risked £500. If i pay £9.95 to a broker to buy shares how much that is as a percentage of my investment is key because essentially that plus the cost ti sell and the cost of the stamp duty is the percentage increase my investment has to go up by before i break even. Its all about the percentage increase or decrease as far as i am concerned.

I think the funds you are referring to and their sale of. Boohoo stock was subject of a discusion a few days ago and it was established that the actual sale happened at the time when the sundat times article was published and was a contributor to the initial drop in sp.

Chrisengland I’ll put you in the latter category too. Unless I find out it was you posting from your yacht with the parrots the other day in which case all bets are off!! :)

Wyndrum, I agree and sadly there are many people who have selective deafness so don’t hear or choose to ignore said beating drum! Investing can be a dangerous game and the old do your own research phrase trotted out doesn’t really help newbies. These boards do provide a platform for debate and discussion and another persons point of view is good to challenge our own and may even help us to explore or analyse our own thinking and make us more successful. However the best advice for a newbie as far as I’m concerned would be to have a read of the posts on a particular board and gauge the reactions to these from the other users. If you think a particular user makes sense read what they have posted on other boards and see the other users reactions onthat board too. You will soon get to know who is a “this will be £5.99 next week” or “hold in an isa for 37 years, 3 months and 12 days and you’ll be rich” merchants versus the “how do we think x’s results will affect this share, I believe it will be as follows because” types. I read your posts with interest and you’ll be glad albeit not surprised to know I’d put you in the latter category!!

As I was told by a boss I had years ago before the windows operating system even existed and lotus 123 was the best/only spreadsheet tool in town. “Those pretty graphs and charts you’ve produced are fantastic but as your sales, order and productivity numbers are excrement perhaps you should just do me a bullet point list of how you are going to get them in order before you produce any more”. I have nothing against charts and understand why the 50,100,200 day moving average might be useful indicators but I still subscribe to the basic view that if a share is worth owning it will go up in value and what determines whether a share is worth owning isn’t how it has performed in the past but how we expect it to perform in the future.

Agreed madfist. It’s been Frustrating and difficult to keep the faith with wmh of late So nice to see a more positive move up towards where we believe this share should be. As for the guy who went to 888 he was being a bit short termist perhaps and thought that everyone who enjoys a flutter on the football and horse racing was playing online slots and poker. There might be a few gamblers who would bet on anything from two drops of rain rolling down a window pane to table tennis or Belarusian football but the majority of customers simply didn’t bet until their respective sports came back. The only other bookie I would consider owning at the moment would be flutter. The Betfair exchange is a pretty amazing product that ultimately I think the American market will respond well to and paddy power, in my opinion, have the best marketing in the industry. I can see flutter doing well in the USA ultimately but I also see wmh doing well there too (obviously) and having one bookmaker in my pot is sufficient exposure as far as I’m concerned. Having been able to top up on this one on the cheap and currently sitting on a paper profit reassures me that I’ve got the right one when I take into account what I think the future holds.

Couple of good points youve made in the last few posts there wyndrum, never enter a strange pub unless you know where the exits are and before you actually ask her to marry you ask yourself knowing what you now know would you still ask her out!

I’m generally a buy and hold merchant and don’t trade regularly. I also have a preference for investment trusts as opposed to funds. For my isa Halifax worked out as cheap as anyone else out there for my requirements and I’ve never had a problem getting a quote except where there’s a lot of volatility. Have purchased bwng on 3 separate occasions and no problem getting an Immediate quote and deal. My sipp is with ajbell and same experience purchasing shares/trusts through them. Also added some bwng in my sipp and obtained immediate quote and deal.

Now we will never know if the yacht returns safely. But the award for the best comment goes to whoever it was that asked what the names of the parrots were and did they also talk out of their backside!!

Buffets love child. Good point well made. Like I said I admire those people who can take a more aggressive approach and to be fair whilst it carries risk the way you’ve gone about acquiring boo isn’t perhaps as risky as having all the eggs in one basket. Maybe I need to grow a pair!!

I like my house and the car I drive, love the holidays I take with the family and I’m happy enough with my investment portfolio which I consider to have the right mix of exposure to emerging markets Europe and America and a bit of japan thrown in for good measure. I have my own share picks which fall into the category of income and growth In the buy and hold pot along with a few punts which may end up staying in the buy and hold for ages pot or may garner me a profit that I take and use elsewhere or may result in a loss which I’ll accept as one of those things kick my wounds and move on. The closest I get to all in is being all equities and I consider it to be balanced enough and it doesn’t do so bad for me thanks very much. Then I read a comment like I’m all in here or I’ve got 65% of my holdings in here and 35% in plus 500 and I metaphorically remove my hat whilst admiring the size of the gonads such people have!!! When I see bigger houses better cars and nicer holidays being had than my own I wonder if it’s those brave souls who had all their holdings in 1 or 2 shares!! Congratulations and good luck each of you, I wouldn’t sleep at night being in the same boat no matter how much I believed in a particular share but it doesn’t stop me admiring those that can or their cars for that matter.