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Southcoast what are you on about the 5th December? The company can issue an rns regardless of a director dealing in shares in the month prior to that. A lack of an rns is simply a lack of anything material to inform and the facts that a director purchased shares does not signal to shooters or anyone else that nothing is going to be communicated for the next month.
Pedro - I would be half inclined to agree with you if boohoo had started trading last March and the only data we had available to us concerning Christmas sales was those from last year when as you put it people were forced to shop online.
However you and I both know full well that boohoo has been trading for a few years longer than that and already had plenty of customers shopping with them online for their autumn winter wardrobe, their various little black dresses etc for the Christmas parties and New Year’s Eve nights out prior to last year when although customers were forced to shop online they were also forced to stay at home.
Now that people can go out and party do you think they will stay at home in their joggers and onesies or do you think they will go out and party? Do you think the customers who previously shopped online and made Black Friday and the run up to Christmas a busy time for boohoo will all of a sudden be rushing to shop on what’s left of the high street?
Southcoast. Surely it doesn’t matter how long you hold for as the spread is the spread and at some point whether you are closing a winning bet or a losing one the spread has to be covered by the person who placing the bet?
At this rate wyndrum is going to accuse you of not understanding spread betting as well as charts!!
Actually southcoast don’t ig make most of their money the same way all spread betting firms do? from the spread?
Southcoast “IG are pretty much the best out there and if you trade with enough money you will get a personal account manager with a direct dial number and plenty of customer engagement.”
That made me smile southcoast. The same is true of Ladbrokes except when you win consistently they close your account or limit the amount you can bet whereas if you continue to lose they continue to provide the personal account manager with a direct dial and plenty of customer engagement!!
Streets whilst I agree with the sentiment it’s a bit unfair of you to expect Pedro or kallu to comment on this article. After all they are putting in close to that many hours a week posting on here!!
Then again southcoast is doing similar hours and he still managed to comment so on reflection maybe it’s not that unfair after all!
Just an observation here but there does tend to be a somewhat binary approach on occasion on this board when in reality things are often a shade of grey rather than just black or white.
Online sales have been growing for years and the high street as we knew it was in decline and the pandemic with its forced shop closures and effectively forced online purchasing has exacerbated this trend. That said it’s not a case of that the high street is dead and gone and online is the only show in town and there is clearly a place for both on and offline be that groceries fashion homewares electrical or whatever. I’m pretty confident boohoo will benefit from the shift to online but am equally confident that primark will benefit from the lack of competition on the high street and next will no doubt succeed at getting the best of both worlds but no business can afford to stand still and ignore the competition they face from other high street or online offerings. When I read some of the posts on here it appears we have some individuals who are convinced that boohoo is the only online player and primani is a competitor and the only one at that.
When it comes to technical analysis my view is that it’s based on the premise that all the information that is known about a company is out there and being acted upon so in theory one doesn’t need to worry about the latest news or financial report or proposed legislative changes or the fundamentals of a business and can just study and act on the charts which take account of all that and the herd behaviour to boot. I know I’ve oversimplified that somewhat but I don’t disagree with the theory but I don’t subscribe to the premise that it can be followed blindly as a successful investment strategy. Likewise good old fundamental analysis on the surface appears that it simply cannot fail to work as a solid basis for investment if you properly identify a sound business being well run and is on offer at the right price simply because eventually the share price will reflect the soundness of said business. However as some clever bloke once pointed out “the markets can remain irrational a lot longer than you or I can remain solvent” so even when invested in a sound company with sound fundamentals it’s just possible that the market and indeed the herd and the Chartists and maybe even a pandemic or a Sunday times investigation or even big boat stuck in a canal somewhere could scupper your well thought out plans.
This black and white, right and wrong approach tends to seep through to the every day discussions and for my money the sentiment behind someone’s comments gets lost or ends up sparking a bit of a slanging match rather than the constructive debate many people on here would prefer to see and learn from. We often get to the result of ‘if you don’t like what I am saying filter me’ or ‘you are mad as a box of frogs and are now filtered rather than rational consideration and a meaningful response and the board is poorer fo
You're a naughty man dan! Even as i was typing i knew you wouldnt be able to resist! :)
Streets last comment got me thinking about this. The general consensus seems to be that posts on here or similar chat forums do very little to influence a share price and I am sure most investors would argue that they make their own decisions about what to buy and sell and when rather than listening to some random on a chat board.
So whether someone forensically analyses past financial reports and plots out future profits to determine a fair buying price or takes into account wider uemces when making their decisions or whether they stick a pin into a page or blindly follow a specific contributor on motley fool supposedly blatant rampers or derampers don’t make them buy or sell shares.
That said there is already a widely held view that herd mentality is real within markets and much of the theory behind technical analysis is based on all data already being known and acted upon so is it possible to spread optimism or fear sufficiently within chat rooms to affect buying or selling behaviour?
I suppose a particular shorter could try to plant stories in the press to accompany analysis they have published and back it up with a few paid individuals to adopt several personalities in several chat rooms in the hope of having a cumulative effect. Couple that with a series of well timed and placed sells and maybe it could start a reaction?
But if there were such a thing as a paid poster wouldn’t there have been some concrete evidence of this by now?
I remain unsure but unconvinced at the same time preferring to view certain posters as simply getting their kicks out of being a bit of a troll rather than being paid per post but what do the rest of you reckon?
pedro as you are now a man of fact based posting I wonder if you would be kind enough to elaborate on ‘ All the market activity suggests a major seller in the market’
It appears to be a very similar comment to those you have posted previously that led to accusations of peddling falsehoods so in the interests of the balanced debate you claim to seek maybe you could explain what it is that in your considered opinion points specifically to there being a major seller in the market.
Anyone else use Halifax share dealing? I got a few corporate action notifications about the the takeover but didn’t get prompted to vote. I’m pretty sure last time I held shares that were subject to a takeover I voted via the corporate action process with Halifax.
Pedro you can have any opinion you want and share it with us too if you like, that is your right. However when other people disagree with your opinion you have to accept that it is their right to do the same.
It seems to me you, like kallu, are not invested here but want to use this board to share your opinion of boohoo which is, at best, negative. I am sure you are not naive enough to think that those people invested in boohoo will simply sit back and allow you to post your opinion without challenge and you surely must be aware that in your and kallu’s case they will do so in a robust manner given the fact that you are not invested and they question your motives for being here.
Ultimately just like kallu your posts and any data you can find that you think backs them up will get ever more ridiculous as you clutch at more straws in an attempt to justify your stance and that will attract more vitriol and such from the investors who post here.
If you don’t like or can’t handle that then you could just stop posting about a share you have no interest in. There will still be posters here who can’t help but sing the praises of boohoo and don’t want to acknowledge any negatives and there will also be a smattering of £4.00 by January posts too but seriously anyone who purchased shares or increasing their holding based on say people powers relentless it will be a 100 bagger posts are as mad as a box of frogs and deserve everything they get.
Sorry if you were burned by listening to pp1 but that’s your own fault and popping back to whinge about it isn’t going to change anything.
Dan, as my old boss used to tell me. If the people don’t listen to you it could be the way you are telling them, if the people don’t understand what you are telling them it’s almost certainly the way you are telling them, but if the people choose to listen to someone else tell them the exact same thing they wouldn’t take from you then you can bet next months mortgage payment that it’s definitely the way you are telling them!!
Wry, nbrown next directory - all essentially born out of catalogue companies, the original home shopping. Can’t remember the exact details but I think it was kays (part of great universal stores who ultimately sold out their catalogue business to what became very) who started off selling watches to train station masters because they needed accurate time pieces and they were expensive so they provided them on a weekly purchase basis. They even sold chicken houses and one day old chicks by mail order at one point and get this if one arrived dead you could get credited but to avoid any possibility of customers abusing the system to get credit you had to chop off the feet of the dead chick and send them back!
Over the years the catalogue companies got very good at warehousing and picking and packing individual customer orders and became experts at returns processing (getting stuff back, inspected, repacked and back into stock and crediting customers) which can be a big stumbling block for anyone wanting to enter the home shopping arena today. Given how long it took to produce a catalogue to go to all their customers (source product, photograph models, edit and proof, print and bind) they were buying fashion for the catalogues about 18 months in advance of launch date! Fast fashion it was not.
They were all fairly recession proof because they offered credit, often to people who couldn’t get alternative sources of credit and they were all good at credit management/debt collection. I can’t help wondering how big/valuable great universal stores would be today if they had retained everything given they once owned their own delivery company in white arrow, their own credit reference agency in Experian, owned several catalogue brands and even owned luxury fashion retailer Burberry too!
It’s ironic that nbrown who were already good at home shopping attempted to do a next and be present on the high street and have suffered somewhat as a result having to refocus on pure online moving forwards whereas if they had avoided the high street and focused on online they might also be where very are today.
There’s been rumour that the Barclay brothers want to either float or sell very. I wonder how much they would want for it and wether boohoo would care for a ready made slow fashion, homewares, credit business? Totally the opposite to the way Debenhams market place is positioned with all the inventory and credit risk etc but very profitable and with a large and rather sticky customer base.
Dan I understand what you are saying but when the nasty government introduces a nasty tax that’s passed on reluctantly by the retailer to the customer. I could argue that our profits would go up 20% overnight if vat was abolished but of course they wouldn’t.
The issue with an online tax is will it push prices up to a point where a customer feels that the benefit of shopping online is lost and choose to shop offline instead. At 2% I would suggest that is unlikely.
Dinvasani - is it offering a negotiated order? They usually offer that if the particular stock is in auction, trading volumes are especially high or lots of volatility. When covid first happened and sites were going down left right and centre and unable to cope Halifax was up for the most part but was offering a lot of negotiated orders.
Perhaps there’s that many people trying to buy boo the automated trades cannot cope with the volume!! :)
Yeah Pedro and I suppose are you the bloke with the bike who used to ride past the boohoo factory site?
I don’t exactly miss people power and his/her constant rose tinted view of boohoo and their reference to 100 baggers and taking walks in nature. But I did used to find their posts from Paul whatshisface from stockopedia small cal report useful enough and whilst I have not intention of subscribing to same I do kind of wish people powers 60 posts a day were still with us so that a) I could get to discover what Paul’s view is currently and b) it would be great to see pp respond to kallu’s anti boohoo posts!!
Southcoastbather could be Harry bloody rednapp for all I know but one thing he isn’t is pp, the style of posts are nowhere near similar in either style or content and whilst it’s clear from southcoasts post where his sentiment regards this share is they are logical and make sense.
This is reassuring to hear. The board suggested they might have to go down this route in order to secure certain beauty suppliers who insist on their product being made available in at least one physical store as well as online. However there was no mention of it at the last update so it looked like it had fallen by the wayside. I do think beauty is an essential part of the Debenhams offering but it needs the full compliment of big brands so hopefully this Manchester store will satisfy those suppliers who want a physical presence and boohoo will finally have all the beauty products that Debenhams once had available to them.
And let’s face it while warehouse costs are increasing and our digital landlords are lying awake at night thinking of ways they can hold us to ransom we might as well take advantage of the rents in the Arndale centre being so low that Intu will have to pay us to stay in there soon!
“Is dothing a cap anything like doffing?”
It’s very similar Bruce but one has to speak with a ‘lithp’ to be able to do it properly!!
Chancers kallu is here because historically the abf board was quiet with only the odd smattering of posts around results time or if there was an rns. He claims that he and his partner owned 0.5% of his previous investment premier foods (knocking on the door of 4million shares at a cost of almost £2 million!). Interestingly he was almost as popular over at pfd as he is here and he was supposedly invested in them!
So because abf board cannot satisfy kallumama’s need to show people what a successful investor he is he comes on here instead. Of course when challenged about why he sold out of pfd while it was on the up to purchase abf whilst it’s in decline he tells us share price isn’t important but he will insist on telling us that boohoo is on the brink of folding because they are giving shops away for free on the high street and any day now we are about to be held to ransom by a digital landlord and by next month pound for pound warehouses are going to cost more than saffron!!