Member Info for Pmoran1969

No Aldi no point whatsoever mate. You’re better off buying a different share that will go up around 5 or 6 percent every week regardless of what the market does and will double your money every year or two and pay you a handsome dividend that’s guaranteed to increase yearly at twice the rate of inflation. Be sure to post here and tell us the name of it when you find it.

Bertrum, I’m not convinced that the us court case is even impacting the boohoo share price given the relatively early stage that it is at and the notion that whilst ‘sales pricing’ might appear to be a bit suspect on the surface not only is it common practice in the industry it’s also common knowledge amongst customers. it’s possible a us court might find in favour of a plaintiff but reject the level of damages claimed or that boohoo could launch a suitable defence and win the case. I suspect whatever happens if it gets to a proper hearing it’s something that will drag on for some time both in terms of the case and any relevant appeal by either party.

I also think that if this went to a full blown hearing/case and boohoo were to lose but they continued to outperform across their portfolio of brands the market would be more forgiving than if they were to win such a case but miss their revenue and margin targets by a percent or two.

Kallumama - you’ve been banging on about primark for some time now. In fact you were telling us all about how bricks and mortar retail will be getting practically free rent while any online business will be held to ransom by digital landlords and face ever increasing warehouse rents and how primarni will outgrow boohoo long before you were even invested in abf.

You love to crack on that you have done your research and so on so I presume you are fully on board with the abf board strategy and essentially you rate the business acumen of the Weston family who effectively own the majority of abf shares.

If the high street is going to be so successful in the future why do you think the Weston family are seeking a buyer for selfridges? It appears that they don’t share your optimistic view.

I wonder if you would also share with us, given your extensive research and knowledge, the reasons that abf have stated for refusing to consider going online with primark despite calls for them to do so from both customers and some share holders in the past?

Kallumama - perhaps you’d be kind enough to feck off and refrain from future comments until the share price descends to something close to your £1 target then.

For those of you who didn’t subscribe the posts be,ow are a copy of the times article. Relatively balanced given it’s from the times who origins,,y exposed the factory issues ,ast July.

Boohoo said the campaign group had failed to recognise the actions it had taken and its remaining suppliers had been forensically audited.

Despite a £4.1 billion value, Boohoo has not moved from the junior AIM market on to the full FTSE market. With an AIM listing, Kamani is eligible for tax breaks, including inheritance tax relief and entrepreneurs’ relief, which reduces capital gains tax from 28 per cent to 10 per cent on share sales. (Entrepreneurs’ relief was scaled back last year, with the lifetime limit cut from £10 million to £1 million.) Kamani and co-founder Carol Kane together sold £142.5 million worth of shares in December 2019.

Boohoo’s unrestrained approach to executive pay also suggests it is not quite ready to join the ranks of blue-chip corporates. Kamani, 56, and Kane, 54, will be eligible for bonuses of £100 million if Boohoo’s market capitalisation hits £7.6 billion by June 2023. Under a separate scheme, Lyttle will pocket £50 million if the market value reaches £6 billion by March 2024.

At its annual meeting on Friday, 20 per cent of shareholders voted against the pay plans for the co-founders and 12 per cent against Kane’s re-election to the board.

The firestorm of negative publicity has done little to sap demand for Boohoo’s clothes among young consumers. Last year sales grew 41 per cent to £1.75 billion and pre-tax profits rose by 35 per cent to £124.7 million.

The City has been less forgiving than Gen Z, though. Boohoo remains uninvestable for many ethically minded institutions, and staying on AIM means index-tracker funds don’t buy the shares.

Panmure Gordon analyst Tony Shiret expects Boohoo to mitigate higher sourcing costs via economies of scale and by moving into higher-margin products.

Gen Z shoppers seem to like Boohoo. Before the City buys back in with gusto, though, Kamani and Lyttle have a lot more work to do.

Mahmud Kamani largely kept his cool during a grilling from MPs in last December’s select committee hearing on the fast-fashion industry. But one particular question raised the hackles of Boohoo’s fiery executive chairman.

The SNP’s John McNally implied that his company was not moving fast enough to address the shortcomings that had led to worker abuses in its Leicester supply chain, detailed in a report by Alison Levitt QC. Kamani snapped. “This is an ongoing process” he shouted over McNally. “Everything in that report, plus some — plus some — is work in progress. Things are being done. Things are being fixed as we speak.”

A second report last week by Sir Brian Leveson backed up Kamani’s comments. The retired judge, appointed by Boohoo to provide independent oversight of its efforts to stamp out malpractice in its supply chain, said everyone he had met at the company was determined to address the issue. Progress was clear and the “tone from the top is both clear and real”.

Boohoo is being recognised for its response to last year’s investigation by The Sunday Times, which revealed how people in its Leicester supply chain were working in unsafe conditions for as little as £3.50 an hour. Over £1 billion was wiped off the company’s value the following day, and Next, Asos and Zalando all removed Boohoo products from their websites. Aberdeen Standard, one of the biggest investors, dumped its shares over Boohoo’s “inadequate” initial response.

Boohoo commissioned an independent review by Levitt, which found that management was aware of “very serious” issues over the treatment of factory workers in Leicester, where it sourced about 40 per cent of its clothes. Levitt’s report painted a picture of a senior team who felt responsible only on a superficial level.

Boohoo has since cut ties with dozens of Leicester factories that fell short of its new, higher standards, and published the list of the 54 it continues to use. John Lyttle, its chief executive, hired former Primark colleague Andrew Reaney to become Boohoo’s director of responsible sourcing.

“They have faced the issues head on. Mahmud is a pragmatist and he understands things have to change. There is still more to do but the early signs are positive,” said Dan Nickols at Jupiter, Boohoo’s biggest institutional shareholder.

Not everyone is convinced. The campaign group Labour Behind The Label said that Boohoo’s response pushed blame down to errant factory owners while failing to acknowledge that its rock-bottom prices were a big contributor to labour abuses.

“Nothing has changed for workers in Leicester,” said Dominique Muller from Labour Behind The Label. “Many workers still receive wages well under the minimum wage — that prices being asked of suppliers fail to cover the legal wage costs.”

Here kitty, why on earth would an article concerned with online beauty stockists mention a new Debenhams website that has hardly any beauty products on there yet? My understanding from the webcast presentation last week is that boohoo are in the process of loading product to the website and are expecting to have pretty much all the brands that were previously sold by Debenhams on site and expect to me in communication with previous customers including the beauty club members by peak season (autumn).

My understanding from your earlier post is that you don’t believe people will buy beauty products from Debenhams so it confuses me somewhat that you don’t believe in the boards strategy but you are claiming that you would still buy shares if the price dropped below £3.00.

You seem to take great delight in criticising or issuing jibes at other posters who love boohoo, have held them for many years through thick and thin and will continue to hold for many years to come because you perceive their blind faith in the company and it’s future to be flawed in some way. Yet on the other hand you are suggesting the company is not doing things right and their future strategy is wrong yet you are looking to buy in to it.

It’s no wonder there’s been a few posts questioning your integrity!

Jeasus kitty I would hate to be on a car journey with you mate.

We would be all geared up with a full tank of petrol, coffee in the cup holder and talk sport on the radio with 150 miles ahead of us only for you to constantly be telling us that there’s more cars on the road than this time last week, the traffic ahead looks as though it’s slowing down and there’s a rumour that all the service stations have run out of unleaded!!

Not to mention that you would likely get out to stretch your legs at some point only to return to the car to announce that you’ve changed your name are going to complete the rest of the journey by Ariana, express coach on the A roads but will still be calling us up to tell us what you think the traffic on the motorway is like!!!

I find people power a bit over the top with their rather blinkered rose tinted view of boohoo and the number of repeated cut and paste posts can be frustratung at times.

But in fairness so too can the constant reviewing minute changes in sp or comparrison to asos or next or danl's pedantic posts regsrding his long standing feud with ragtrade.

However rather than use the filter function I prefer to apply my own filter and overlook the irritation or frustrstion and pick out the useful. Some of the information dan or rag shares is of significant interest as is the stuff pp posts (at least some of it is the first time i see it). I dont need to see multiple posts confirmimg that moosey is disappointed with the lack of price movement or the fact that we cant push past a given resistance or pivot point or whether a big buy might be a sell afterall. But I still appreciate his reasoning as to why or the dabate that follows.

All said and done id rather have moose sharing his frustrations and quoting the candlesticks multiple times a day or to wade through the people power epics to find the useful info or to decipher the key facts from the digs, sarcasm or nitpicking from dans response to rag or vice versa than i would the various ridiculous 'wheres the factory' or 'primark are getting their rent paid for them by the landlords and boohoo are to be held ro ransom by amazon and microsoft' posts from the likes of tcm or kallumama.

At least, as far as we are able to know, pp and rag are shareholders as are both moose and dan (sometimes) as opposed to some posters who simply want to slate boohoo but do so with made up facts or ridiculous interpretation of the facts.

So by all means folks have your views and please do feel free to take the mickey out of pp, me or anyone else for that matter but, at the risk of sounding like a millionaire boohoo shateholder with 4000+ posts under my belt, lets not be too unkind to our fellow investors especially when they do add value to the board (even if you have to work to get it at times).

I suspect they will be delayed until about the 8th June and the delay will be blamed on logistical issues and covid.

At least that’s what the rns issued a week or so ago said ;)

Go on then streets I’ll go with your 4/10 chubby bird analogy. However I’m inclined to think of boohoo as being the chubby bird who has recently given up weekday drinking, started her diet and has joined the gym. She’s booked her holiday and she’s determined to have that beach ready body by the time she jets off to Ibiza. She may not appear to be the fun loving stunner she once was but she still has great teeth, amazing eyes and her wicked sense of humour

It’s possible that if you look at her every day you’ll fail to notice the subtle weight loss and toning up courtesy of diet and gym but if you ignore her until she steps off the plane after a fortnight of sun sea and sangria sporting her nicely tanned and toned legs she’ll have met a bloke from Stoke on her jolly holiday and you’ll have missed your chance!!

Kallumama, returns during lockdown have been lower than pre lockdown for both boohoo and other online clothing retailers. Boohoo haven’t yet made a statement about how returns have behaved since the high street reopened but both boohoo and other online retailers have previously stated that they believe the lower rate of return is due to a combination of different nature/mix of products purchased during lockdown and the effect of lockdown itself and it being generally more prob,emetic to go to the post office etc to enact a return. They have also stated that they expect return rates to increase back to the norm once lockdown has ended.

If you click on a link to an ft article.you usually get the subscription page which provides the title of the article and the news that the ft want you to subscribe. If you copy the article title and paste that into the search bar it will provide you with the ft article amongst the search results and when you click on it from there it will take you to the actual article bypassing the paywall.

I wish I could claim to be the clever bar steward who discovered this but it was a poster on another board who I can’t credit because I can’t remember who it was!

Rag - “cars are my thing, life’s too short, do stuff whilst you still can and live life to the full, no way of knowing what’s round the corner.”...... I have no problem with cars being your thing your choice of car or the general live it now approach but dude if there was ever a time when you really do need to have half a clue as to what’s round the corner it’s when you get behind the wheel of that beast when it turns up!! Will you be letting the rugby player have a go behind the wheel?

HereWalterMitty a few days ago you were giving it large about “I’ll be in the deliveroo ipo” but when it tanked you had only invested £1k for a laugh! This morning your on the ASOS board stating ‘everything looks solid here long term but there will always be profit takers’ and on here claiming “as expected the ASOS price drops on results and I’ve taken my profits” and on asos a matter of days ago you were telling the board you were hopeful the sp would go above £60.

We get our fair share of dampers and derampers on this board and even within the ranks of the actual boohoo share holders there’s the ‘blind to possibility of failure’ crowd as well as the ‘I can’t wait to reach x price so I can offload these’ group and every type of share holder in between. However you seem to be looking for some form of recognition for being successful or calling something correctly and will even go as far as to suggest different things to different groups almost as though you are seeking approval or kudos. I find Kallumama with their regular ‘ online is dying and boohoo will be held ransom by online landlords and primary will be getting free rent and all of boohoo’s customers’ rants irritating but at least they are consistent.

I am starting to understand why the amigo boys called you out to the point where you had to leave lse and reinvent yourself.

Is it really Chris? Are you seriously comparing shein to Toyota,Honda Nissan or Mazda while at the same time suggesting that boohoo is equivalent to British leyland?

Here kitty. They put blinkers on a horse to stop it from being distracted by the other horses in a race so it can focus on the main objective which is to win the race.

Now I do know a little bit about horse racing and can tell you there’s no point putting a horse that can only act on good ground and only has the stamina to run 2-2.5 miles in a 3 mile race on ground that is soft or heavy regardless of whether you out blinkers on it or not.

So the question with boohoo is has the going changed or the length of the race? Has someone replaced hurdles with fences? If that’s the case then having blinkers on to eradicate the distractions is of no use and people power or any of the rest of us holding shares would be better off considering getting out of boohoo and investing elsewhere.

However if boohoo can act on the going, has the stamina to run the distance and is quick enough to beat other horses in the race then actually blinkers might be exactly what’s required to block out the distractions of daily share price movements, various negative news stories and of course those commentators on here who haven’t even had a bet.

Keep calm. Whilst I am inclined to agree your comment that TCM’s ‘negativity has run its course and offers nothing to the board’ it does imply that at some point in the past his comments had offered something to the board.

Granted the fact that TCM1 had been identified and someone had contacted his employer was entertaining, especially when TCM claimed it wasn’t him before he mysteriously disappeared, and the idea of a one armed man cycling to the boohoo factory site for his allowable daily exercise during lockdown was mildly amusing but outside of these TCM has never had anything of value to offer this board.

Sadly I suspect that despite your feedback TCM will continue to offer nothing to the board for the foreseeable future!

Extract of daily mail article regarding delivery float below. If deliveroo had floated at any point in the second half of last year I’m pretty sure boohoo would have got a mention alongside hsbc or Glencore. Maybe the boards efforts are starting to pay off!

By RUTH SUNDERLAND FOR THE DAILY MAIL

How fascinating that some of the UK's leading investors have succumbed to a fit of pearl-clutching over Deliveroo's employment practices. Top fund managers, including Aviva, M&G and Legal & General, are shunning the float.
Ostensibly, they are having the vapours over the treatment of drivers, many of whom make less than the minimum wage because they are classed as self-employed.
This sudden concern for workers' rights on the part of City investors seems surprising.
Highly-paid fund managers are not always in the vanguard when it comes to sympathy for the less well-off, or indeed for curbing the excesses of overpaid bosses.
One might ask why they are singling out Deliveroo while investing in other companies engaging in questionable behaviour.
Is running a fleet of self-employed drivers really worse than HSBC's response to the political situation in Hong Kong? Or more iniquitous than the way mining companies, when not blowing up ancient caves, deal with their employees around the world?

The fate of Deliveroo drivers, however, has given City investors an easy opportunity to do a bit of virtue-signalling, which never goes amiss in this new world of woke.

They have a point. The contrast between a driver's hourly pittance and founder Will Shu's stake of around £300million is enough to bring out the socialist in many of us.

My suspicion, though, is that the ethics of the gig economy are a proxy for other, less lofty reasons to steer clear of the float. Fund managers may have qualms on moral grounds that Deliveroo's business model is exploitative of workers – but they will definitely be aware of the financial risks.

If the firm has to put drivers on the staff, it will be expensive. It has earmarked more than £100million to meet putative costs.

Then there is the reputational aspect. Reports that footballer Marcus Rashford wants talks with bosses do not augur well.

His intervention on inadequate food parcels for pupils brought down a hail of criticism on Chartwells, which provided the meals, and its owner Compass.

Deliveroo is a low-margin business and has never made a profit. It has done well in the pandemic thanks to people ordering takeaway meals at home during lockdown.

One big unknown is whether they will continue to do so once they can eat out again.

Another sticking point for some investors is the dual-share structure, which gives Mr Shu greater control over the firm for three years through enhanced voting rights.....