RE: RNS Director buy20 Oct 2020 19:45
How anyone can think Mahmud Kamani buying c. £750k worth of shares in the open market is not good news is smoking some crazy stuff.
If there is one I thing I've learnt over the years is that rich people are tight with their money, and so to buy another 750k (on top of the 10mill he bought a couple of months ago at 214p ) confirms the fact that he knows the shares are hugely undervalued currently.
It also shows that he/company has nothing to hide.
The business is a beast. The high Street is as good as dead. People will always shop for clothes and Boohoo have arguably the slickest online operation there is, and their share of the market is growing daily.
Sale will still be on all of this week, but don't leave it too late to get in. If you're waiting for further bad news, don't hold your breath.
Kamani's buy today tells you all you need to need to know.