Turned the corner7 Oct 2021 22:07
Got a feeling sentiment may at last be changing and we have reached the low water mark. I have added in several lumps between 212 and 188. My far larger original holdings were purchased, dare I say, in the mid 350's. Hoping to claw back some of the losses on my opportunistic recent activity. The only potential blight is the outcome of the US class action, as bad news seems to have an out of proportion impact compared with good. Fingers crossed on this and combined with strong seasonal trading we should be in a good place.
I wonder if anyone has given thought to the increased shipping costs flagged in the recent results. This must surely be in large part down to the doubling in the cost of international container shipping that has occurred in 2021. As Boohoo makes a far higher percentage of product in the UK than most, some good may come out of this, after all the negativity surrounding home grown production. ASOS and even Shein and Co will be hit harder in this respect. In addition everyone will have to raise prices to accommodate and consumers are braced for it.