The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Will be an exciting day tomm.
I would say this is the start of second innings or second half for Boohoo.
All set to start with a clean slate. - Including key issues(Including Leveson enquiry, US case , Covid, Integration of acquisitions, and perphahs shorts ) :
Share price too is not far from IPO price.
From tomm it will be a fresh start and with a much bigger base and lot of investments have already been made for bigger top and bottomline.
Those who can hold long term will reap fantastic benefits.
Derampers, shorters, trollers will be trampled by upward movement of share price.
All the best for tomm and beyond...
Yes, acceptance from the likes of Next, Asos, Zalando will add another nice positive tone. Boohoo sells less than 5% through these, so small from revenue, but very good for image building!
Shorters have already reduced this week... they know whats coming (they have connections in the city)
As I had said yday, All of bad news and some more are all priced in.
Projections likely to be healthly... I have no reason to believe they won't be as all travel restrictions coming off, summer travels, parties will only help with sales both here and across the atlantic.
So one thing is sure - Don't expect to see these prices ever again. If you don't 'PUT-IN' now , you will miss all the peasure later !!! Monies of course !
And good to see a blue/green close I may add, albeit just !
T4G - Good view. At least someone here is trying to bring some perspective.
Imo every bit of bad news and some more is already priced in Boohoo.
This should have never reached this level, but thats stock market for you.
Any semblabce of progress (which I expect to see on Thursday ), you will see a steady climb back up, it may not be sharp, but a steady move will make it stronger. Once the results are done, I won't be surprised if big funds starts to buy as also the directors.
This is a simple business tbh. It makes money, no debt, big sales, Monies already committed for expansion(US), no overhead of store costs, recent acquistions will slowly start adding to top and bottomline. Just need some patience. Will only get better from here.
We may never ever see these levels post Thursday.
I have just added a bit now. An easy 20% in 3-4 weeks .
Becasue there is lot of work involved in formalising it. Takeover's are never so simple, they are time consuming.
Share price is because - Some can't wait that long and think they can better use money elsewhere in the market only to lose it perhaphs.
I did say yesterday that it they could not thrash out the details by 9th... then deadline will simply be extended ! This confirms further - that this is a done deal.
This is a done deal.
NAS wants this desperately. MNZS is now in agreement.
NAs wants to strengthen Eurpoe, US regions using MNZS connects. NAS is looking 10, 20+ years forward. This Ukraine conflict is non issue for them.
Just wait for the confirmation.
If they could not thrash out the details by 9th March... they will simply extend the deadline.
I have seen it with other similar deals.
So stay easy.
This is a coordinated attack from funds. The best way company can respond is by delivering a better results. If they give good projections (which is more than likely) then there will be a rush to close the shorts. I don't think it can get any worse going forward (ignroe what happens until Feb 28th wherein there was Omicron etc) , key will be projections
My view is worst is behind us with respect to Boohoo. Best time to by, add , average or whatever is NOW and TODAY
One way or the other this is going to be very very interesting...
For boohoo, all sorts of bad and poor news priced in at the moment.
Great opportunity to accumulate if anyone has long term views.
Fast fashion will not go away,
yes, supply chain discuptions have caused chaos but it is transient and will not exist forever.
There will be progress... obviously needs bit of patience.
Full year trading update is not of much important for me as it will be looking back. With full on travel/partying during summer esp after pent up demands, I would expect an excellent trading update in September and as always share price will start moving up much earlier... 200p is minimum by end of this year.
No need to check daily prices unless one is trading.
From short term perspective, I would worry only if Boohoo closes below 75 on a daily closing basis. That could happen only if there is full scale war or projections being way poor. Both unlikely !
regardless whether it is cash or shares, you will have the option of being able to sell it once the deal is announced,
If the deal is confirmed the share price will move very close to that , 1-2% lesser may be.
Well done to you Kerching.
But imo this is now derisked especially with NAs buying 13% stake... It deomstrates their seriousness and that they are ready to pay price upwards 605+, so deal is more than likely to go trhough imo.
This is the power of buy and hold in good shares !
Btw, I like this forum, so much is happening... but this forum and shareholders including me are so cool about it !
In other forums there would have been so much noise even when nothing really was happening !!!!
Just thinking how much will be my 60,000+ shares worth now ! (my number of shares is timestamped on this very forum in my post dated 16th March 2021)
This will be get interesting over the next days/weeks. MNZS are in the best state to be acquired.. clean company with super business. Now that the news is out , someone will come near to BOARD’s asking price, whatever it is. FOMO effect!!!
Btw before anyone asks I am holding big quantity since 2020. So have studies MNZS in detail. And have many past comments on this board including my holding count !
It is not about results it will be about outlook... As we can see for the first time almost all countries (including Aus, Nz the strictest ones) are relaxing... ; which can go only in one direction. So outlook will be fantastic.
Also they have done quite a few deals and partnership during pandemic which will start yielding now... Will make a big difference to top and bottom line
I honestly think fair target in 12 months is 700p not less. Time will tell., Haven't top sliced yet although now have a stop loss for a portion of the shares just in case.
My biggest buy and forget share of the pandemic. Didn't do much over the last few months,. but now a proper rerate is on the cards, with or without a deal.
Looking so good... I was thinking may be I made a slight error in putting more here than in BP in 2020 but not any more !
Even without the offer rerate the prices are here to stay.... 400p will be the new solid bottom/support, 500p , 600p+ in future !
Amazed at the scaremongering/negative publicity by the UK press for a lockup expiry or for one negative broker note.
Actually UK press should be hailing this breakthrough tech company which is doing rather well.. - Instead they are keen to manufacture faults from nowhere. Media need to encourage their own.
As such DARK as a company has no controversies (Mike Lynch investment is not company's problem) , no issues, great growth, and superb future. So easy to pick so many positives. What do UK media do ? Pick one small time broker note and publicize it with no real data or worry the investors on lock up expiry. That is why investing in UK is pain.
I also like the fact that Ingenuity growth has been upgraded. Augurs well.
L2 looking perky
Superb numbers.
More transparency
Continues improvement in governance
SoftBank involvement to increase
New Chairman will be soon
More detailed analysis later, but expect IIs to pile in over the next few days, weeks, months
Mikey -
Imo the doubts are from lack of details.
1. For e.g. Ingenuity is touted as next big ecomm innovation and Softbank valued ingenuity alone at over $6B in May 2021 and also invested $730M. That's great. But for doubters - Ingenuity revenue was only at $85m for H1 2021. So doubters feel it is overvalued or struggling to value it.
2. Overall H1 EBIDTA is $81.2m, but company is still making loss, some people want to see break even soon and also want to see less of cash burn.
3. Not enough details on customers. For e.g. Nestle is a key customer of ingenuity, yet not enough details of that deal. Similarly of other key ingenuity customers.
4. City is still confused of proposed company demerger of beauty, ingenuity and health businesses
etc tec.
Imo, all these will eventually become clearer perhaps starting from trading update next week, but now is the opportunity 'to load up' especially if one looking for bigger gains. Sometimes 'market uncertainty' is best time to load up the shares as long as there is high probability of business success which is the case for THG. One thing I would say though is, had THG been in US it would have been valued much much higher.