Member Info for ragtrade

Up and down depending on sentiment !

Fira, ha hah ha , yep 100% sums it up but in much shorter straight to the point terms than my post, lol.

AoD i had same problem with Property in Primrose Hill in London, was a while back mind, i gave notice and tenant swore blind she never signed a section 21 (now abolished) as she had been there a few years it meant she had some entitlement to the property, anyway thankfully i found it and she then said it was a fake and wasn;t even in Country at signing date. In end i just bit the bullet found a top lawyer out of Lincolns Inn, he wrote one letter which cost me £850 quid and she was gone as fast as a rat up a drain pipe. Learnt my lesson and vet everyone extremely carefully , fingers crossed so far no issues !! I guess end of day anything giving a reasonable return involves risk, i mitigate that on property as much as i can by back ground checks and copious refs, i think shares is same game, i only invest in shares in fashion sector as i know it so well, with BH i knew what i was getting into, i knew that Leics would loom large and i waited, i knew JL and AR and knew that they could sort, yet still it's fraught with pitfalls that i couldn't see. So i guess what ever you do it's all about research and more you do and u/s the less risk there is and the more you can mitigate, so take with a pinch of salt any share recommendation before doing a whole ton of research but hey i suspect you already know this !

Select , i knew Knickerbox well, it came from the same concept of convenience as Sock Shop and also off the back of boom in boxer shorts after the Nick Caymen Levi's 501 advert where he goes into the laundrette, this advert had a massive impact on denim sales and boxer shorts (check it out on YT) Ted Baker like many Brands is, i'm sorry to say, once again the victim of the Stock Market, you can lump it along side Superdry, the Markets demand growth to keep the share value going up, these Brands reached H St saturation, once you do that you start to become over exposed and to keep up with your core base and remain relevant is incredibly hard, TB will i think survive but likes of French Connection i think days are numbered unless they some how can pivot. If you were to look towards a Brand that has maintained it's relevance and integrity then look no further than Paul Smith, he has never sold out, has kept true to his roots and managed to expand without saturating. I think if you set out to create a Brand with the sole intention of getting rich and then sailing away one day then the Stock Market is your tool. Asos / BH have a massive amount of depth (Brands) to stay relevant, they are not a TB, SD or Sock Shop, they are in the very Heart of a revolution that's just been fast tracked due to Covid, they have the Brand Width to still grow hugely within the UK and not least overseas in the years to come, they are not one trick ponies with the ticking clock of relevance that it is so critical in this Industry.

Danl90 the LSE share Guru is visting our shores once again , feel blessed for he bringeth his cosmic words so we may feel enlightened, take heed.

On a serious note i think TCM may have fallen off his bike on the Leics one way system whilst checking BH share px.

Despite the odd Snake BH is mostly following it's sector, going up the longer ladder today it beat Asos (+4.36%) , BH (+5.3%) , fundamentals are there, quite a big positive swing, ok y.day it swung the other way but this was only in line with its peers, dare i say sentiment seems to be starting to warm a touch.

Looks like we've thrown a six and landed on a ladder, now comes the tricky bit for any day trading, sell or stick, rinse repeat.

Danl90 -Brilliant, i suspect many on here are in awe of your risk assessment and how effortlessly you have adapted from "Danl90 the early years" to unwind your position by buying back in but so short it wasn't technically back in strategy, it's total genius and one which the BH Board (that i know you listen to so avidly) would applaud.
Good Luck with Mining and Cards, even tho your not invested please be sure you pop on here tho from time to time to give us your expert opinion which will be so sorely missed, especially your valuable insight into Aliexpress, Zaful and by no means least the bastion ESG within Fashion Industry circles Shein.

Danl90 , ooooooo, you're such a tinker , running rings round us all, what are you like.

Danl90 you weren't selling to summer , since then you gone all jettery sold fleagate , then bought back in and then sold, you must have made about .05p a share , amazing and your out but on here but insread of giving the big guns and undying love ?? , youve gone alll mining and cards.

Micky i can totally u/s why you and others think that, i do get to see what's happening on the ground and things are happening, i can tell you that trade in late Jan and Feb has been pretty crap across the board so i really don't expect any stunning figs come results and if this BH hadn't bagged Debs i'd have sold by now. Debs was a game changer but it's going to take time for it to impact this share, which does give S/T oppo's.

Danl90 - Sold after Fleagate, bought back in, take it you sold again?

Hi Mmix, I don't ever think that BH's plan was to make 100% of Leics production in their own Fty, just not poss, what they are doing is making Leics 100% compliant and of course BH Fty will be a big statement. I can see that this will be made a bench mark of how to produce clothing in the UK, which once used to be so common. There are whole Ftys now producing T Shirts and Jeans by robots, not suggesting that BH will fully mechanise but they will 100% make this state of Art like nothing we have seen in this country in the rag trade for many a year. Why anyone thinks it will be anything less given the managements vanity and Bling nature is beyond me, it will be a Bling Bling Bling Fty that ticks all the boxes and some. Issue is not this, issue is rest of the Group, production is spread far and wide, as i mentioned previously on these pages Compliance Teams and strong Auditing partnerships are key, this is being implemented, despite ourselves being a Green Fty they still insisted on bringing Auditors in, this is extremely encouraging. S/T shares a dog and swanning around Dubai sticks in the throat, no one likes a show off unless your a GG which is of course the whole point and how they got where they are, ok stick to this for GG but with Debs you will see a whole diff attitude. In meantime i'll say it time and time again, sell, buy , sell, buy, sell but at mo i'd buy buy buy, because once people start to see whats happening and good outweighs past history then it will fly, i see a big sentiment change but not before end of Q3, in meantime yeah scabby dog, no argument.

Mmix, who said it wasn't state of the art, not sure what super fty means or if it was even mentioned, state of the art hasn't changed and says so in article i posted.
"The retailer is planning to open a state-of-the-art complex at the former Marshalls garage in Thurmaston Lane"

It goes onto mention the Fty but in addition it now looks like it is inc some form on ESG engagement mentioning charities , only a suggestion but this could inc ones specifically linked with ESG issues otherwise why even mention it, anyway easy to be cynical and dismiss it but i think they happen to be genuine and are going to engage with the right people to address concerns and perhaps more to the point why wouldn't they.

Strange as it may seem there own factory doesn't actually have to make money as long as it breaks even good enough i suppose.

Jesus TCM what happened to your sense of humour, has it dipped with the share price!

I'll call what Boo Hoo did a non compliance to the ETI Base Code .
If anyone on here think that's the Leics Fty will control non compliances to the ETI Base Code then they are deluded. Sorry to tell you that these non compliances may not happen under their own nose in Leics Fty but this is not BH it's Boo Hoo Group and the Group is now expanding sourcing from around the World, fixate on Leics if you must but really we are now looking much further afield. Every company inc Asos and Primark have factories that they have signed off through 3rd Party Inspection Agency Audits, yet at some point they will def break these ETI codes in some way or another or at some tier or another. The key is that they have done as much as physically possible to ensure compliance through yearly auditing and in between by unannounced inspections, this is how they often pick up non compliances, then they need to make sure that these are penalised as laid down in there compliance rules, eg for sub contracting struck off or financial penalty for too much over time, BTW for the latter, overtime, workers like to do lots of o/t as they get paid more but us Westerners don't like too much o/t so we lay it down in law how much they can do, so sometimes they will work for supplying local production, as the demand locally for fashion increases workers become harder to find and prices increase, one other point i think Noggers mentioned about piece work , eg paying by amount people actually make per day, this is very old skool , most retailers don;t allow it and also as a manufacturer its very poor practice as quality suffers greatly so ends up being totally counter productive.

Note the quote by local resident TCM,

"I am heavily invested in BH and whilst i support this planning application i'm frustrated to see little progress. I come down here every day on my bike, it's a perilous journey but such is my desire to see the first hole struck i laugh in the face of danger. The impact of this Factory cannot be under estimated, share holders are suffering and they pray every day for me to bring back some good news"

https://www.leicestermercury.co.uk/news/leicester-news/look-inside-boarded-up-car-5082554

The company says it wants to set up an education centre on the site as well as a gallery to show off designs by students from Leicester’s university and colleges.
It also outlines its plans for ‘co-working spaces set up for charities and trade association.’
Boohoo has told the council it expects 100 jobs will be created at its new city base.

Pedro, simples, i refer you to my earlier answer to you, trust you dont have a cobalt containing mobile and you are as fastidious in your every day life as you are on this share re exploitation, take the moral high ground but be very aware of its implications, in some instances you take food out of peoples mouths so be very carefull what you wish for.