The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Maybe T4G some people's minds are suited for a Brexit world, and others remain with a trading or business mind stuck in the past.
I really do not understand how people struggle to make money since Brexit. I don't like to gloat, but kind of forced too, so I can get my point across. The fallout of covid, was like a holden gift to me. The money I made on the recovery after it bottomed out was obscene, and I could of made much more if I was brave enough to take bigger risks. But I mainly went safe with uk banks, that were loaded with capital and no one spending either. In fact (not that I recommend it) I doubled down and borrowed money from one bank, to buy into "their bank" at stupidly low interest rates haha, the div alone covers the entire loan at least twice over.
We're so lucky to born in this country, with all the opportunity available to us. I won't be casting our great nation aside as a failure. The market is awash with bargains right now. I've been loading up.
Padd1: Regardless of all the politcsl spin, labelling leave voters in the nasty camp, even if i actually would be poorer voting leave, I "still" would've voted leave. I think many ref losers simply can't accept, people wanted their country free from EU political ownership to write our own destiny. I see it as quite brave actually, much like trading shares.
As a kid i was in the very poor camp, i learned pretty fast that No government will provide personal opportunity, you need to go out and win at life yourself. I guess you could say I'm in the top 5% of earners these days, not that I'm rolling in it, but comfortable. Not bad for a kid in care, with zero prospects (written off by everyone).
But back to boohoo. I'm actually even on boohoo, after a few in and out trades. I think they can deliver growth, cash flow was my concern, but they have a new £325m rolling credit facility as backup, so doom is not pending. I believe boohoo will bounce back after all the recent investment. I wonder if there's probably a few market makers that are left with red faces after ramping it too hard too quick, so now they have the guns out for the firms. My personal research suggests the firm has legs. I'm only in for 5000 shares anyway, it's just one of my smaller plays. GL, glass half full right.
No regrets thanks voting to remove an entire level of pointless politicans feeding off tax payers on insane salaries and perks. I believe if the EU didn't view the UK as a little council estate to boss around at their will, it might not have come to a referendum (but they did, so hey ho). But it is what it is, I can now vote for UK politicans that have some meaningful power over a sovereign nation I live in. I feel really good about that.
Anyway so this about boohoo right, who also trade in the USA, it just so happens the USA are not a member of the EU either, they seem to cope just fine. Onwards and upwards.
I actually just popped in to reread trading update, so I best get in with that.
19th Aug ...grrrr.
No sorry 29th Aug record date haha
19th Sept was "record" date for the 7.3p interim div. So really needed to buy 3 days (2 at a push) before that to get on the register. Payment date is next week yeah, enjoy.
All is cool.
OK thanks Davidbloodaxe thanks for your insight. In for 1000 shares as a taster. Wanted the price to cover the recent div I missed. I guess 1.37 is a reasonable entry. Ok let's see if the management can clean up the mess. It's div stock so should derisk it slowly.
I won a fun gentleman bet at 2.25%. Now all the little sheep await broker guidance and someone to hold their hand, so price predictably drops. Interest rates still at historical lows. Don't worry little sheep, the bank is loaded wity extra capital, you're going to a mint in divs. Be brave.
Re title. I think the sp is pretty much already crushed already. I'm current even on BOO anyway. And 50% of it was div from lloyds, so reslly I only paid like 22p a share as extra deposit. Not that I want to lose of course. Besides I'm in because BOO haven't changed their guidance since the trading update, and I'm convinced there's big plus from the Debenham new website purchases (that have never been reported on yet).
Time will tell, I don't often get burned. If I do, I'll go back to my div stock strategy. I'm confident for 28th Sept.
Boo haven't revised their trading update since 16th June, I see that as a positive. Although AIM rules are different, would they have to if a material difference from guidance?
I guess gov support on fuel bills helped this afternoon. Although I still think we're at the bottom.
I belive there's got to be upside "feeding through" now from the Debenham's and other sites they bought. That's in addition to the existing boohoo sites. Lets not forget, that purchase came with a huge customer base.
Essentially a shorter will borrow shares under a contract for a set price per share, they don't need to own them at that point in time. But they will need to own them when their contract closes as they need to return the borrowed asset.
That means that unlike investors where we need to buy the shares and hopefully profit on a sp rise, a shorter has no big outlay. Therefore anytime between the start of their contract and then end date, they can buy them back hopefully at a cheaper price and pocket the difference.
It's likely thoigh they will hedge that borrowed asset somehow on a spread bet, as insurance. Or gradually build a holding over time. They probably don't wait until the last day, and buy up 100% of their borrowed short. They're probably trading in and out during their contract period, as long as the price is lower than the borrowed price they're still winning.
My understanding is there's fca or lse rules with regards to holding huge reserves to act as a shorter.
Boohoo have 100m in loans, hardly anything compared to many firms with billions of debt on their balance sheets (such as HLN), I personally believe boohoo will surprise the market at the end of Sept. I chat to my daughters about online trends (what their friends buy) they all live with mum and dad and don't care about energy bills.
Forgot to say the youngsters that shop at boohoo, live with mum and dad, they don't care about gas and electric bills.
Unemployment at historical lows. I'm confident.
Bought in during Feb-22 at 87p. Lost my bottle mid Mar-22 on some bad vibes, sold at 93p.
Looks like it's time to play again. Doubled up and back in at 40.7p. Come on boohoo... go go go.
Pretty sure it's being dragged down by THG, which I was convinced would drop under 50p from a year ago. That actually just happened, not that i fancy that share yet.
Sorry wrong board
Bought in during Feb-22 at 87p. Lost my bottle during Mar-22 on some bad vibes, sold at 93p.
Looks like it's time to play again. Back in for 40.738p come on boohoo... go go go.
Pretty sure being dragged down by thg, I was convinced that would go under 50p from a year ago, and it did.
I keep thinking about this share. I'm after opinions based on following:
LBG lloyds banking group pulled out all their assets due to conflict of interest (last huge chunk recently). That's a huge bank. Anyone know why there was a conflict of interest and could that also mean there's a conflict with other huge UK banks as well? I'm trying to understand if the asset drain could get worse.
Thanks in advance.
Those opportunities to remove an entire level of pointless self serving politicians are rare indeed. That was incentive enough to vote Brexit, although the entire point of less employees should eventually equate to better incomes. Sure business's will complain, but I stuggle with that when they enjoy insane director salaries and often have funds to buyout other firms. Crying wolf doesn't wash with me anymore.
We shouldn't have programmes on TV telling us how to feed our family for £1.50 it's beyond insulting. All that said I have great faith in Lloyds as a shareholder and believe the UK will do just fine.
Reading a cine article in FT dated 27th Aug it says. In June Cine were due to make 270m usd payment to formal regal shareholders and was expected to make a payment to banks for a revolving credit agreement..... both were missed.
That was like two months ago, don't know if those payments were eventually paid.
It's a shame in times like this when the share price is 2p, a company can't trigger some sort of trade tax for those that want to save the firm.
You buy £200 worth and pay £100 extra, to fund the firm with liquidity. You're still getting cheap shares but potentially saving the firm going under, backing up your investment.
Something for lse to think about.
Or maybe just go to the cinema at the weekend. Haha.