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...the one who got carried away was the market when it hit BOO by 20% for an ASOS profit warning.

Boohoo: what about the profit margin? 
There shouldn’t be any tears shed when fashion brand Boohoo unveils its third-quarter sales figures in a trading update on Tuesday. But what about the profit margin?
Analysts at Peel Hunt expect strong growth in sales at Boohoo, but not strong margins
Analysts at Peel Hunt expect strong growth in sales across the group’s brands for the last four months of 2018 – 25 per cent for Boohoo itself, 80 per cent for Pretty Little Thing and 100 per cent for Nasty Gal.
But the Peel Hunt pointy-heads noticed – no doubt when shopping for their latest weekend outfits – some heavy discounting around Black Friday last year.
As a result, they’re not banking on a strong margin performance.
Boo-hoo indeed.

https://www.thisismoney.co.uk/money/investing/article-6585097/STOCK-WATCH-Aston-Martins-brokers-shaken-stirred.html

...the Times reports are usually as believed as newspaper reports can be.
This gives the impression there’s a steamroller coming, I hope they’re right.

Tullow Oil upgraded as RBC sees development and exploration upside
Tullow Oil PLC (LON:TLW) is set to ‘outperform’ despite softer oil prices, that’s according to RBC Capital Markets, which today upgraded its view of the oiler.
Assets are seen as the value driver, as RBC is also seeing lower forecasts for crude oil (the bank assumes a US$64 per barrel price).

“Although management has a tight rein on the company's finances, Tullow's portfolio offers the potential in 2019 for development- and exploration-led upside,” RBC analyst Al Stanton said in a note.
The analyst added: “We expect Tullow to generate $0.9bn of post-tax cash flow in 2019; management has reined in spending and, as a result, we expect the company to generate ~$0.4bn of free cash flow.
“Indeed, we estimate that Tullow’s 2019E spending of $0.5m is covered down below $55/bbl.
“Moreover, management has rescheduled its debt-repayment obligations and, as a result, it has few near-term commitments.”
RBC now rates Tullow as ‘outperform’, up from ‘sector perform’, and it has raised its price target to 300p from 275p

https://www.proactiveinvestors.co.uk/companies/news/212056/tullow-oil-upgraded-as-rbc-sees-development-and-exploration-upside-212056.html

Midway good reassuring comment, thank you.

Boohoo announced interim results on September 26th but the pps didn’t fully reflect the news until five business days later on October 2nd.

Holding into the results announcement on Tuesday will be easy but holding for the next few may prove choppy as Brexit turbulence potentially comes into play.

Back in the world of retail and Boohoo is set to leave rivals in the shade when it updates on Tuesday, with Numis pencilling in 38% growth in its third quarter, which covers the crucial festive season.

"We expect Boohoo to again emerge as a winner from a challenging trading period for both store and e-commerce apparel retailers, fuelled by the flexibility and speed inherent in their business model," said Mr Bowler.

It comes after Boohoo booked a 50% rise in sales to £395.3 million in the six months to August 31, while pre-tax profit rocketed 22% to £24.7 million.

https://www.insider.co.uk/news/city-markets-retail-shares-prices-13843224

Wackwack, a company can release data as it becomes available, the formal date is only a guide.

When ASOS announced poor figures on December 17th at 7:00am Boohoo released a market update on the same morning at 8:08am reassuring shareholders that the company was not experiencing poor sales. The point being Boohoo are switched on and care about the share price.

If, and I admit it is a big if, Boohoo are anxious about market turbulence re Brexit on Tuesday, with the data at hand, they may well release the numbers on Monday in an attempt to avoid any Brexit affect.

Word on the street is the outcome of the government vote on the Brexit terms will not be known until Tuesday afternoon so while I will be anxious to protect any share gain I think remaining invested until Tuesday ie afternoon Boohoo’s rns is public is the way to play this.. any danger of the overall market reacting negatively to the Brexit vote won’t happen until Tuesday afternoon and possibly even Wednesday morning..

It is a watch an monitor situation..

Obviously I hope all goes well.

...Tuesday will bring the spotlight onto the John Lyttle contract into focus again.

The deal is so positive it may well catch the attention of the M&A brigade.

John Lyttle gets a £50m bonus if the share price rises 180% and the 50m doesn’t even account for 2% of the market cap.

https://www.standard.co.uk/business/boohoo-defends-50-million-boss-bonanza-a3946211.html

....driver for Boohoo’s share price.
If every share I bought had a carrot contract hanging over an incoming CEO I’d be happy.
The Market loves it. To me this is a win win deal for everyone concerned. Come March 2019 the share price will rise practically because the market expects it to.

“...The Plan is capped at £50m of gross value before tax at the end of the performance period in the event of achieving CAGR of at least 23%. For example, if the starting market capitalisation was £2bn it would have to increase by at least 60% or £1.2bn to £3.2bn to create any value at all for the CEO-designate. To achieve the maximum £50m (before tax) the market capitalisation would have to increase by £3.6bn or by 180% to £5.6bn. Such an outcome would mean the £50m represented approximately 1.4% of the increase in the market capitalisation. Provisions have been made to make the adjustments for increases in market capitalisation arising from corporate events such as issuing shares for acquisitions so that the benefits derived from the Plan only arise from organic growth.“

http://otp.investis.com/Utilities/PDFDownload.aspx?Newsid=1185636

Europe higher in premarket with Brexit, data in focus
European stocks were higher in Friday's premarket trade as investors focus on the latest developments regarding the United Kingdom's departure from the European Union as the crucial parliamentary vote on the Brexit withdrawal agreement draws near. However, there is still no indication that the British MPs will approve the deal agreed between Prime Minister Theresa May and the EU last year.

Meanwhile, a fresh set of economic data is due for later today, including UK's gross domestic product and industrial production figures.

The FTSE 100 was up 0.30% in premarket trading, while the DAX also rose 0.30% at the same time. Meanwhile, the CAC 40 was trading 0.10% in the positive territory before the opening bell. The euro was 0.27% higher against the dollar to sell for 1.1529 at 8:10 am CET, while the pound added 0.13% versus the greenback to go for 1.2761 at the same time.

Breaking the News / FH

Andy Murray likely to retire in 2019..
(Finally sees it’s just a racket)

Happy Friday y’all...

Instability, consumers prop up gold prices – WGC
As spot gold was attempting on Thursday to cross $1,300 per ounce for the first time in nearly seven months, the industry's global association highlighted continued demand from central banks, which last year hit the highest level since 2015. Purchases by consumers, especially in India and China, have a long-term driving strength as the emerging market giants integrate with mechanisms around the planet, the World Gold Council said.

"Gold's performance in the near term is heavily influenced by perceptions of risk, the direction of the dollar, and the impact of structural economic reforms. As it stands, we believe that these factors likely will continue to make gold attractive. In the longer term, gold will be supported by the development of the middle class in emerging markets, its role as an asset of last resort, and the ever-expanding use of gold in technological applications," the report said.

Authors also warned a further rise in interest rates, especially in the United States, would cap the push upward. On the flipside, market uncertainty, protectionism, inflation and the risk of recession are underpinning the prices of gold, they added.

Breaking the News / IT

+0.59% +7.59 1293.95

High of the day $1294.54

Crude currently +0.78% +0.48 $61.66

+.23% + $3.04 1296.84
High of the day 1297.13

1300 looms!

Gold currently +.56 $7.18 1292.53 High of the day now $1293.49

+ 46% +5.68 1291.23 high of the day $1291.87

European stocks rise in premarket trading
European stocks posted gains in premarket trading on Wednesday on hopes the talks between the United States and China will result in a trade deal.

The latest round of negotiations was set to last two days but has been extended, sparking optimism an agreement will be reached. US President Donald Trump praised the progress in talks with Beijing and China's Foreign Ministry noted both sides are willing to resolve the ongoing disputes. Furthermore, Apple CEO Tim Cook also stated he is "very optimistic" the two countries' will strike a trade deal. On the data front, investors awaited German trade balance figures as well as the European Union unemployment rate .

The FTSE 100 rose 0.85% premarket, the DAX jumped 0.97% and the CAC 40 added 0.78%. The euro was up 0.17% against the dollar to sell for 1.1460 at 7:48 am CET.

Breaking the News / NP

-.22% $2.77 1282.66
High of the day 1287.13
Low of the day 1281.32

http://otp.investis.com/clients/uk/centamin_plc/rns/regulatory-story.aspx?cid=1756&newsid=1223039