Member Info for Pmoran1969

Steve a couple of weeks ago when someone on here suggested you were 56 based on your username you claimed to be 30 odd. Since then youve claimed to have invested in costco for 20 years and worked for william hill for 23. Not to mention the £100k bet you had but then said you didnt and the pension fund thats all in cash and im a us fund at the same time!! And lets not forget your wife giving us the lowdown on gsk vaccines. Share you opinion a out william hill by all means, im a holder and agree it should be a good bet (pardon the pun) but hold off on the billy bullshine tales or you just look silly mate.

Personally I think there’s more there to like than not to like. I wouldn’t even have a couple of quid each way on predicting what the market will make of it given how strange behaviour seems to have been recently. I will settle for whoever predicted £1.30/£1.50 being as wrong (Close) as whoever predicted a £1.19 close for yesterday though!

Peoplepower. Firstly please don’t think I was having a pop about your post because I wasn’t and I do hope I didn’t cause offence. I was simply saying you could fall into the trap of saying ‘hey this share is great’ without having any substance. Well 3 or 4 responses with facts concerning the net cash position, revenue forecast etc along with your view about why boohoos marketing or manufacturing strategy is their usp and why you think the management are the right people to grow the company and the share price based on their experience, achievements to date and education can surely be considered substance! It doesn’t matter if anyone agrees or disagrees with your point of view because you’ve given an opinion backed up by a coherent set of facts. Someone might well choose to Offer an alternative interpretation of the presented facts or suggest a different view of the future prospects for the company and resulting share price but no one should feel the need to post a negative comment in response to those posts whereas they might have based on your original post alone. Secondly whilst I wasn’t trying to win any award for the longest post I must be to be fair and as your responses must be added together this award must go to you. To anyone who is apt to fall asleep based on a lengthy post I would say “never mind the length it’s the quality what matters!” And as already stated a series of posts littered with facts and your interpretation of them can only be considered quality in my book. Congratulations on your longest post award I hope to be around in 20 years to see you win the “I told you so stick it in an isa and it will make you rich” award :)

People power, whilst I admire your enthusiasm and whilst I personally am a fan of buying a company with a view to keeping hold of it rather than trading or using leveraged products to exploit share movements, you cannot merely state buy and hold as a strategy will make you rich beyond your wildest dreams. You still have to chose the right company to hold. If you want to quote Buffett that’s fine but can you tell us what, in Buffett terminology of fundamental analysis, makes boohoo a company to buy and hold? If you can understand their cash flow, debt, relationship of future earnings to current share price and what it is that means only they can do what they do or why they will achieve where other similar companies will or have failed that’s fine. If You can’t then you are kind of falling into the trap of saying ‘this share is great’ without substance. Now don’t get me wrong having an opinion about a share and not being able to do the fundamental analysis ala Ben Graham or Warren Buffett is absolutely ok but unless you have the substance and data to back up your opinion it does leave the door open for others to challenge your statements. I personally own boo shares having purchased recently following the drop after the times article. I thought the drop was excessive and that they would bounce back to a point not far from where they were trading at pre article. My research into boo consisted of a quick look at the financials and taking a view about their customer base and whether the stories about low wages and lack of Covid protection for the staff who were employed not by boohoo by by a sub contracted firm would have a long term detrimental effect. I still think there’s risk here but for me that risk has been mItigated somewhat by the price I was able to get in at. I’m still undecided as to whether the owners will be able to continue to grow the company at the rate they intend to and if that growth were to come through acquisition rather than organic growth then It might make me a bit nervous about holding. The £6.00 target share price they have set for bonuses interests me but in all honesty I would have to do a much more detailed analysis of everything to decide to stay beyond £5.95. I’m not sure if today’s 18-24 customer becomes tomorrow’s eco warrior or if the next generation of party goers will be wearing baggy jeans and bucket hats and be dancing in a field and not care much for fast fashion. I was happy to buy and to buy more when the price dropped further and at the current sp I’m in profit so it’s easy for me to hold and wait and see but in all honesty boohoo isn’t up there with Unilever or AstraZeneca or Glaxo or Diageo yet who are some of what I would consider to be my buy and hold forever shares. It probably sits alongside William hill and marks and spencer for me which are my punts that I hope to do well on should the stars align correctly.

Its not the sp thats irrational its the market. I do wonder if wmh could come out with a set of results that show no loss of income during covid and a guarantee of 60% market share of the us market in each state as it legalises gambling, sale of all tbeir shops to done bros at a markup of 300% and a promise from the uk government of exemption from any taxes for the next 5 years and still see a 6 pence reduction in the share price!! I have given up trying to assess or even guess where we might get to short term. Ive got my average down to a place im comfortable with so now im treating wmh like i would a 60 foot putt, dont think ablut it too much just close my eyes and hit it!!!

Ahha this isnt about tesco trying to take on walmart or cadburys trying to outsell hersheys. The wmh usa expansion isnt relying on them being able to make it in the usa its relying on the usa changing legislation to allow gambling and wmh as a sucessful existing player beimg able to get their fair share of what will be a significantly large market. The expected recession will likely help speed up the changes to legislation as individual states consider how to raise money through taxes. There are costs and risks associated with the us market but william hill is well placed to take advantsge and iver the next 2/3 years i forsee a tidy sum being earned from the us business.

I think the times were hoping that their initial article would be the thin end of the wedge. They expected a host of whistle blowers and industry experts to come forward and confirm that things were worse than what the article found and they expected customers to ditch the products because, after all, the customers of boohoo are the exact same people, as far as the times is concerned, who will descend on Downing Street with a petition to defund the police, outlaw oil, hang bankers and stop trump entering our shores because hey that’s what they do. Here we are a couple of weeks later and there’s nothing new to report and nothing much has changed. A couple of retailers have ditched the stock because they feared the times might be right and a couple of influencers have ditched the company for the same reason. Sla dropped the shares from their ethical funds and it might Turn out that they were too quick to act but in the world of fund management one has to take a view and make a decision because if the last two weeks had been full of corroborating stories and an online petition set up by boohoos customers then the share price would be much lower and sla would have been right to act when they did. If anything where we are today is, on the surface,more positive than a couple of weeks ago given initial investigations by authorities found nothing drastically wrong and boohoo are so confident we have nothing to hide they have swiftly gone down the independent inquiry route. The share price remains fairly depressed because, despite what some of us on this board might think, it’s institutional investors that maketh the share price not us. This is a growth share with a hefty valuation based on future earnings and so any news that could affect future earnings has an amplified impact. If the results of the independent investigation are not too damming and the results in September are in line or better than expectations we could and should see a lift in the sp. if the investigation suggests there are lessons to be learned or things to be implemented that might delay the big boys from getting involved regardless of the results so the lift might not be as good as expected. I personally believe the boohoo board do have big plans for the future and will want to be seen to embrace the investigations findings and act upon them and I also believe that if they thought they had big issues in the parts of the supply chain they control or have sight of they wouldn’t have gone down that route and would have just tried to face down the allegations and rely on their financial results to pull them through. I bought in because I think they are currently cheap and should rise. I’m hoping the first bump will be following September results and then I’ll take a view on the future.

For me Bloomberg Tv is about the best place to be from 0700 to 0800 daily. News about euro and us futures as well as where the Asia markets ended up and their breaking news concerning earnings provides a quick roundup of the important stuff before you get the opportunity to read rns. They also usually pick up decent interviews with CEO’s from companies reporting that day as well as various investment analysts etc. The advert breaks are annoying but the text headlines and market data remain on throughout. As I write the ftse is reported to be up circa 0.6% so doesn’t look like there’s going to be any major recovery today!

Jamie i currently hold a few imvestmemt trusts with exposure to usa large cap and smaller cos, emerging markets, europe large cap and smaller cos, and hold invrstment trusts for japan and imdia. Uk shares i hold are abf, azn, aviv, ajb (opened a sipp jist to get in at ipo very profotable), bae, bl d, barc, boo, cna, dge, ezj, gsk, hsbc, imb, lloy, mks, mars, mrw, rdsb, sla, tw, ulvr, wmh. I am currently holding morr companies than i would usually and only bought into some of them because i thought they were cheap and offered prospect of growth and or dividend. Boo mars mks barc cna all bought cheap as a punt this year. Im a buy and hold merchant so im not saying i will offload any shares necessarily but historically ive often taken profit at a point ans reinvested the proceeds into one of my investment trusts. I dont usually mess with aim shares but couldnt resist boo when the price dropped. Am holding some cash in mine and my wifes isa waiting to see what happens in the markets, i think usa is overpriced and when it corrects there will be buying opportunities both over there and over here so happy to hold cash for now. No gold no bonds no gilts but for a pure equities portfolio I reckon its pretty diversidfied.

... On your planet steve1964? Yesterday evening you told us you made over 50k on a bet on the football and then when it was pointed out to you that you'd have to have placed 100k to achidve that you said you hadn't. Today your wife works for gsk and has inside knowlwdge of their vaccine results. Then you post that you have all of your pension funds in cash and in a fund in the same sentence!!

'I have all my pension fund currently sitting in cash having been lucky enough to have put it in cash just prior to Covid and then piled into Gifford American fund making a lovely sum to help out in later life'

I dont mind that you are a fantasist or a billy bullshiner but perhaps you could at least make the effort to sound slightly credible instead of coming across as a complete richard head!

My advice would be to steer well clear. Cfds are like spread bettings bigger more violent brother. The most consistent way to consistently make mondy through cfd's is, in my opinion, to hold shares in ig or cmc!! Any financial inztrument that proudly boasts in their ads that, 70% of retail investors lose money is best left alone as far as im concerned.

Mr market doesn’t seem to be too impressed at the open, let’s hope he changes his mind!

Newbie, personally I think you got them at a good price that some of us on here will be slightly envious of! Most longer term holders have purchased at lower prices to bring their average down because they believe wmh will get back to the £2.00ish prices they were at pre Covid in the coming months. The expansion into USA is major (the potential size of the market is mahoosive and William hill are already a key operator over there so are well placed to get their fair share of it) and the uk/Europe market should remain a positive despite there being uk regulatory pressure (like limiting stakes online for example). I have no intention of selling my shares and expect to see a decent rise in share price (£3+ I reckon) over the next 2/3 years. I expect it to be a bit of a challenge during that time so it will be a case of being patient but I think the board are decent enough (especially in the us), the company is a decent dividend payer (or they were pre virus) and the prospects are good. That’s my 2 cents worth, good luck.

I’m with you there seamus. I hold bae (we make things designed to kill people), imb (we also make products that kill people), dge (our products sometimes kill people) Rdsb (we are killing the planet), a few banks (we don’t want people to die at least not until we’ve got our pound of flesh), wmh (if the banks leave any money we want as much of it as we can get off you and if we indirectly kill you we don’t care) among others. I only bought into boo when the share price dropped so in theory I deliberately invested in a company that was exploiting its uk workforce and paying slave labour rates. When it comes to investing It’s like placing a bet for me, it doesn’t matter whether you hate man united or not, if they are statistically likely to win the match then that’s where you place your wager! I’m kind of ethical when it comes to how I deal with day to day life (I don’t cheat at golf, have never bought eggs from battery chickens and I never park in disabled spaces at the supermarket) but even I draw the line at loan sharking even if the company doesn’t actually break debtors legs.

Is it ****e.......and don’t call me Shirley!

The rns is a bit bland granted but what else can terms of reference be really? I don’t see how it could have more substance other than to review the supply chain, identify any issue and make recommendations where appropriate which is exactly what it does. If boo tried to be too prescriptive with the terms of reference it would detract from the independence of the investigation and it’s the independence that makes the results worthwhile.

Both solar Steve! One could argue it’s foolish to have so much tied up in such a risky area but if you are absolutely convinced each co will survive and ultimately thrive then it’s less foolish but very brave. When Neil Woodford refused to be involved in the .com stocks in the mid to late 90’s he was to some people being foolish and to others being brave. Turned out he was visionary brave or lucky (depending on your point of view) when the .com bubble burst and the fund he managed went from strength to strength. I sincerely hope you are right because I hold ezj and I have also topped up yesterday. I hope the other 50% of your portfolio offers some diversification and I hope that when the travel industry recovery happens and you make a fortune you take some of those precious eggs and put them into other baskets. And remember, other people also succeeded around the time of the .com bubble burst but I used Woodford as my example so when it turns out that your foolishness was in fact the visionary brave move of an investment guru you also remember that it doesn’t take much to go from hero to zero. Which might prompt you to rebalance and diversify. Boring is enough to send you to sleep but sometimes it’s better to sleep easy!! Good luck you brave fool!!

Ljm1976, I don’t know about anyone else but for me personally when I have predicted that a share will rise in the medium to long term the actual amount of time that is depends........on how long it takes for the share price to do what I predicted!!! ;)

Pookookachoo, I’m not here to defend anyone else but think about it someone had to buy amazon when it was a relatively small affair so why not someone who posts on here? If I’m being completely honest I reckon there’s more chance of someone on here having purchased amazon or Apple or Netflix when it was cheap than gold getting to $7000 an ounce before my pension goes into drawdown! But you are entitled to think it will continue to rise until it reaches $7000 and you are entitled to post your thoughts and predictions on here if you so wish. Doesn’t mean you are entitled to be unnecessarily disrespectful to other posters though and doing so kind of cheapens posts that you do make with valid arguments/observations in them.

£1.80 is half of what they were offered a couple of years ago and at the time that was around £1.80 lower than what the board thought the company was worth! I’ve been a long term holder of wmh and took the opportunity to bring down my average price per share during the recent lows. A 50% premium to current share price would be profitable for me but I’d still vote against it because not unlike the broker reviews (which II usually ignore and don’t always agree with) I think hills is a good company with good prospects and I see no reason why we shouldn’t see a £5 share price in a few years when USA starts to take off and uk settles down. My only real concern with this share is that someone will takeover with a cash only offer and existing shareholders will be robbed of the expected future growth. I am as frustrated as anyone that the share price seems intent to remain in the doldrums but If you offered me £1.80 today I’d politely decline and stick with my shares. Ask me in a couple of months and I might be forced to concede that £1.75 would be acceptable but for now I’m sticking with my bet!