Member Info for shamI89

There is a consistent seller about and that is not helping share price either. May be Q2 results would interest some new investors in.Having said that I am in for a quick trade.

Or panic selling!!

a rights issue will be pointless, right now we are not even sure if they are going ahead with rights issue.However we will find out next week as their cash position would pretty much tell everything we need to know. There was a huge melt down in March when corona pandemic was at its peak and since then a lot has changed.Things are getting back to normal, dont think world can afford travel ban for a long time.

I reckon market is speculating that it would announce a rights issue, have a look at Rolls Royce they were due to release an update on 9 July and market was rife with rumors. They had to release a statement but let us see.

It all depends on price , next week would be volatile but I expected it to stay around this level plus or minus 10%.

They have released a statement but should have announced it today if they are going to announce it next week. Right now, it has created uncertainty and market hates it.But Rolls Royce released similar type of statement three weeks ago.

Drop from 350 level. Market was aware of it or was cautious about its financial strength .Right now no decision has been made but if these are to go ahead with rights issue then they would announce it in end of september according to some media news.

and went through posts today and Gosh same old PF.He knows how to play market and certaintly knows words investors want to hear to raise more money.

it has not come out of suspension yet, right now if they go ahead with debt to equity then shareholders still have something to look forward to as company is in a really good position now.But looks like plan is to get hold of mine somehow.

Blue as ongoing sell off seems to be slowing down.

I did think that it bottomed around 2.40 yesterday but that was not the case.

If they do they wont offer competitive prices and would have to shut down factories.So whole buisness model is based on expoitation I am afraid.

Bohoo is trying to distance itself from suppliers who got embroiled but chances are would be using them or others once things calm down. Leicester has one of the highest unemployment rate in country and these sweatshops take advantage of that.Not all employed here are illegal immigrants some of these could be on benefits and working here to supplement their income.

There was a similar sort of scandal in Derby some years ago where illegal workers were being employed to manufacture clothes and think Leicester appeared some time ago for same sort of activities.

That bohoo was aware of these sweatshops but having said that supply chain is really complex that it has not control over it. 60% of their production comes from overseas and only 49% from UK.It would be interesting to see what they do next .

That it would go below 80 level as placing was announced and shareprice went on to hit 150 level.But right now if it is trading below placing level then market is fearing second covid 19 wave , company is recapitalized , dont think it would go any further.

That this has fallen on this rns, I thought that in worst case scenario company would be relying on these factories in Leicester for most of their production but this is not the case and some retailers shunning boohoo unless it sorts itself out would impact revenue.

Risk is too much and I have been watching it today, it is really hard to get 1% profit today everytime you think it has found a "bottom" share price falls even further.

Majority of people who are shouting easy 50/100% gain for 6 months 1 year hold wont hold it longer than a week.

My understanding is that company knew about exploitation but decided to turn a blind eye as whole buisness model is based on lower costs. This phenomenon is not new and think Panorama had a programe on this as well.