Member Info for ragtrade

@shareexpert , think this is why it gets a bit heated on here, just because someone is a bit nervous or wants to cash in then doesn't meant that they are talking it down, they may even be voicing concerns to see what peoples thoughts are so any bashing is really a bit OTT if someone is questioning. Def agree it will hit £4 at some point, most likely in NY, but again to say results will be earth shattering is quite punchy. From what i'm hearing trade is def good for online and maybe a bit above expectations but still very early to make any assumptions on Y/E, if it was earth shattering or Sh*t then we would have heard.

@Pmoran, yep we singing from same hymn sheet, I'm in no doubt that JL and AR can run the current ship and are probably being given carte blanch, they will need to sort out buying depts tho as these guys are still a bit stuck in the past in the way they operate, if they bag T/S then again more Management tiers will need to be bought in. MK and CK are the force that got them here so i def agree they cannot be dismissed, i just wonder how driven they will be when the price gets to £6 and if they have stomach to carry on year after year answering to the City whom are rarely satisfied, they will always find some figure that they are not happy with and your quite right him worrying about whether JL and AR stay. I can't see them going anywhere soon but if Paul Marchant gets tired , (still youngish tho) then i can see JL ending up back there at some point but i think that's a few years away, for the medium term JL and AR can clearly see that they are in the right place at the right time, calmer waters def lay ahead with them at helm, but then again this is Boo Hoo, LoL

Think we should all recognise that malpractice has been going on for years in Leicester, most clothing brands have turned a blind eye, they have acted as if they didn't know or didn't want to know. Next and Asos had a duty to their share holders to scratch the surface and walk away, BH as a company more under the radar started to put things right but it was too little too late and they have been dragged over broken glass ever since because of it. MK is now reformed and looked almost reflective y.day, perhaps feels he has a duty to put things right instead of just walking away from Leics, fair play but just because he didn't pay the salaries doesn't mean at some point in the past that they weren't complicit, however once you see the errors of your ways it does perhaps annoy when people carry on trying to beat you with the same old shi**y stick. The current set up is almost a bit of dream team, you have a two seasoned professionals in retail, at the top of their game, and two traders who understand the market and the demo they operate in, this company is making a transformation from a family run seat of your pants nimble business into a market leader that's professionally run in a more stable and sustainable manner, it may lose some of its edge but i think that edge was probably a bit on the edge and couldn't go on forever, not sure how much longer MK will stay, he looked a bit brow beaten y.day, again no bad thing, lots of people out there to fill his shoes, this company is clearly not the one that he started or even the one that was initially floated but in my mind means it's really starting to grow up and if things go it's way with the T/S bid then it could start to threaten the crown of the biggest pure etailers.

@ableton LoL LoL

The minute you float it's a whole new World, a World that MK is very unfamiliar with, he clearly is not a great orator but he is a Market Trader come good, he knows an oppo when he see's one and when JL walked through the door he would have thought that all his prayers have been answered, he will have known that AR was in the pipeline and he has just basically saved him from the Lions, they have just been able to showcase to the city all of there hard work over the last few months, job done, let's move on.

This is actually proving really useful for BH they are actually allowed to showcase all of their initiatives.

mmmmm , Caroline Lucas, she will be on the ball.

As i mentioned before this started, its just a rehash, MK wants to move on, it's annoying him that they keep bashing them with the old news and not at least recognising that they are changing for the good, sooooooo many other companies out there that are not even doing half of what they are.

Believe they will be getting on to sustainable at some point, AR will wipe the floor with them.

Shoe horned in from Islington by the Corbynites after failing to become the candidate in Lewisham, again another career politician, born in Leics but absolute Metropolitanist Lefty Elite Corbynite cannot bear her.

Claudia Webb , oh that will be the MP who was charged with harassment.

Told everyone on here he is top of his game, couldn't be a better man to have on board, no one realises, they may now.

Career politicians, clueless.

Impact started back back in November, this was just the start, Boo Hoo was already aware.

Several UK retailers, including Marks & Spencer, Next, Burberry and Tesco, have already banned the use of raw cotton from Xinjiang.
“At M&S we neither work directly with any supplier in nor do we source from Xinjiang. We have zero tolerance for forced labour in our supply chain, and a robust approach to supply chain transparency and ethical sourcing, including independent audits across every region we work in.”
In an evidence session on 5 November that looked at the use of forced labour in Xinjiang, the BEIS committee heard from witnesses including Boohoo, H&M, TikTok, The North Face and Nike. It will report in the new year.
Ghani said: “All UK businesses must now wake up to these disturbing realities, stop denying knowledge of what is taking place, examine their supply lines rigorously and make sure they are absolutely clear that they are not profiting from slave labour and abuse of the Uyghurs.

@Pistach, China cotton issue is already having an impact, cotton prices are set to increase, this will affect Boo Hoo, however it will effect all players in sector, bigger issue maybe procuring cotton given that China is 1/5 th of World supply, albeit this issue is confined to one area of Cotton production within China but it's very hard to confirm the source of cotton yarn so i see this also bleeding over into other areas of China Cotton.

https://www.bbc.co.uk/news/extra/nz0g306v8c/china-tainted-cotton

This will have a massive knock on effect in supply chains

How do you think it will go?

LoL , anything in regards to this meeting i'm just scrolling past, cannot believe the amount of time on here given to it.

TCM this is the story that keeps giving for you, your one hell of a wind up merchant, what you going to move onto after this is over, Daily Star headlines, "Boo Hoo Jumper turns Glamour Girl in a Newt "

Large Ego's and Big Balls will win the day

https://www.theindustry.fashion/primark-owner-in-the-running-to-acquire-arcadia-brands/

https://www-telegraph-co-uk.cdn.ampproject.org/v/s/www.telegraph.co.uk/business/2020/12/12/us-retailing-giant-plots-swoop-debenhams-arcadia/amp/?amp_js_v=a6&_gsa=1&usqp=mq331AQFKAGwASA%3D#csi=1&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.telegraph.co.uk%2Fbusiness%2F2020%2F12%2F12%2Fus-retailing-giant-plots-swoop-debenhams-arcadia%2F