The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I don't have my head in the sand about shien, I know they exist, the issue with your way of thinking is that you don't think there's space for anything/ anyone else. Boohoo will carry on trading and so will ASOS you'd be crazy to think otherwise. Time will tell but at these prices I think there's plenty of upside to be had.
I don't assume anything, you can see the adjustments being made, the USA warehouse for one. If everything was about price ASOS and boohoo wouldn't have a combined turnover of 5bn last year and I have no idea whose promoting shein but boohoo I know there was the lass from love island. I think you've got it into your head that shien is going to take over the market and kick everyone out. I can't see it happening.
You're telling me about shein like it's a new threat to the market. They've been trading for a while and they've been cheap for a while. It's like the supermarkets everyone's got their place and they just need to adjust, otherwise everyone will just be down their local Aldi and Lidl because they are meant to be cheaper. Boohoo is out creating demand and trends by working with young influencers/ celebrities, what's shein doing to generate demand for its products other than selling them at dirt cheap prices?
Shein is already in the market so what else do I need to consider? They've probably taken the market share they were going to take already. Similar to Primark everyone has their place, just on Boohoo to demonstrate how they will capture more market share or maximise what they have already.
Was around 65p pre bid news, the takeover news probably saved it getting a spanking from negative trading update though. I guess we've seen a gradual decline over a few days which has cushioned this from getting battered today.