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and good to see Boohoo retaining the gains...; shorters would have tried to hammer the price down..
Rest of this week could be defining for Boohoo. We can see 100+ close for the first time since the beginning of Feb.
Excellent going... Could close at day's high !
In spite of market volatiliy of last few days, I am happy that we are at just one more good trading day away from 100p+ ; Could happen anytime this week...
Then things can change pretty quickly.
DC2007 ' If Boohoo' had posted results like this it would be down 10-20%' - what a silly statement!
Firstly Boohoo won't post a result like that... Did you not see trading update in March? Already enough details there ! Which world you come from ?
Secondly - Asos has viewing upcoming times with more optimism. Will obviously a big + for Boohoo.
Thirdly - Boohoo had already reversed the trend last quarter with RoW returning +. Uk sales continuing to grow ; Now holiday season on, summer is on, party times are back
Foruth - America - As warehouse completion gets nearer market will start to price it. At the moment not.
Fifth - Boohoo has never had really rise a cash, Asos had to !
Lastly - Boohoo continues to churn out profits, with worst already over , only way is UP for BOOHOO.
Also I am amazed that some people really have so much time in life to constantly write on stocks they are not in !
Back to green...
Larger picture intact !
Nice reversal.
Was a good opportunity to add at morning dip (not that I was able to do as was driving)
Onwards and upwards now...
Need to think little long term...will double at some point.
Almost at yday' close (remember yday's UT was higher) ; Will happen soon...
Working from home today... so more stock screen watch !
it would soon. T. Rowe selling a small % , spooked some, Without realising that T.Rowe were doing their standard rebalancing.
Morning dip was an opportunity.. I added a bit (for now with SL) as I feel 100+ is only matter of time this week.
Arty - If you didn't realise yet, that was deliberate... tongue in cheek it was !
Bruce - Thats what happens when one tries to be too pendatic.
Anyway a superb close.... at day's high 98.82 UT!
I am glad that I did a good add this morning (when I saw Ted news)
More of the same tomorrow will be very nice !
to have a highest close since beginning of February. We again starting to hit 99p 100p... - > It will be breached soon.
Then it will get more exciting... as we countdown to May and beyond !
100p will easily be broken in this run. Just a remindert that...
Summer is almost here...
Overall sales rising
RoW sales are rising too and back in black
Everyone is desperate to get out... holiday, leisure or party... - all will benefit Boohoo.
With every passing day, US warehouse is that much closer ! - Delivery time will massively improve whenever it is ready...
US case settlement in a weeks time.
Finally every bit of negative news is already priced in !
ALL LOOKING GREAT... Soon 100p will be history
Well done to all. Especially those who held on when it dropped early this month.
Now is a good time to sell. or keep if you want to those last 2-3 %
Amongst all volatility this one has come to a great ending !
Good close/UT too .. 95.52.
All set up nicely for rest of the week. Charts say 100+ this week...
Getting through technical levels too...
Shorters reduced.
Last one week's price decreased reversed in a single day !
SO discount trades completed.
Onwards and upwards now.
BOOHOO - Get in now.
Extremely cheap valuation
All issues behind it.
Growth is back (As confirmed in TU for RoW)
Shorters reducing + scared.
Summer sales will be best in 4 years.
Any Shein competition will dissappear due to china issues
US warehouse once ready will set us up beatifully there.
May result updates and then Sept TU will complete the reversal confirmation.
So if anyone wants in... NOW is the time !
Good to see good no of 100+ in L2 now.. ; we have been missing those.
Ignore the start(given elevated UT on Friday) ; Let us see how we progress during the day
NS - it looks to me that you are a gambler ; Not an informed investor.
You say there are lot of problems and markets are gonna be volatile, inflation, deflation, recession and what not and you are still in it?
Anyway have a good weekend..
£2 is the base target for end of the year.
When Sept TU gets announced... turnaround can be seen in actual numbers... then we will be talking about not £2 but £3 and beyond...
Official close at 99.16.
Although Monday starting spread may be slightly lower due to slightly higher UT. But all set up good for next week.
NS - if you think market is going to be volatile for next 12-18 months then you better off taking your money and run.
What you don't know though is -
Markets are always volatile... there will always be issues...
We have had Brexit decision, then leaving EU dragging on, multiple elections, Covid, Omicron, War - things will always be there.
Key is to buy a good company at a good price (not at any price) - and that is now for Boohoo.
Have to agree with MWM. If you want create wealth you need to hold long term esp in growth stocks.
People often miss obvious winners. Boohoo is staring right in front of us.
This is a simple business
Have now sorted its problems
Summer looking bright
Travels , parties, gonna be high
Sales are only going to increase due to higher travels/parties/outings
RoW already back to being profitable.
Integrattion of acquistions will start yielding results
Analysts have turned positive
Next year US warehouse gonna be ready... will make massive difference.
and is available at such low PE.
As Charlie M says - buy simple businesses and just wait...
GL.