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Over 300% up, incredible results!
Surely £60 plus open possible?
Well if BOO can truly address everything and sort everything in a 3-6 month timeframe then surely confidence would be higher as sales continue to increase and margins remain strong and even if they did say drop a percent with their rate of growth it would not matter.
So all issues sorted within six months with these incredible sales means 500p plus almost an absolute certainty hopefully BOO have been making changes since last results and can maybe give us an update each month on what has being completed/updated to help slowly restore confidence.
BOO are an international company with to active management no chance they have committed vat fraud unless it’s from their early days when Kamani being doing some naughty deals, be a huge mistake if he has as the tax man will always catch up with you eventually.
I’m sure BOO is all clean!
Results should be beyond updated forecast and hopefully see us hit £60-70 tomorrow before profit taking drops SP back down in mid morning but should build back up in afternoon.
08:00-9:00 5500-6000 unless results beyond good then £60 plus and maybe £70
After 9am a lot of profit shall be taken so expect any morning rise to be more or less gone from profit taking and it might even drop back close to 5000 which presents buying opportunity as by end of day the SP will return to close of the mornings highs and days/weeks to come this should steadily push and hold over £60 and an easy £70 by Christmas as all onliners this year will have their business peak seasons ever on record.
So Amazon, BOO and ASOS sales are going to be record breaking this peak season.
Should see a nice boom on results tomorrow as can see them very positive.
Grabbed more this morning was amazed to see it sub 5300
Company I work for many years ago had a supplier who committed VAT fraud, the supplier was closed down and rightly so. The impact on the company I worked for was zero as they had committed no offence yes they benefited slightly from cheaper goods but nothing to suggest it was 17.5% advantage back then so nothing to ring alarm bells as such.
The supplier went bust, the company buying had no punishment was just requested to help with the investigation.
So in short irrelevant if BOO suppliers were committing fraud and even slavery, as long as they were 100% none the wise to it then BOO committed no crime and thus there is no punishment.
Also added another 100 ASOS shares end of play today. Be nice to see £60-70 from results but do expect profit taking so will need to sell quick otherwise hold.
Can we hit £70 this Wednesday?
Amazon is flying as online tech companies boom due pandemic advancing online business by in some cases by almost five years.
High street is dead and dangerous, online is safe and cheaper!
Suspect BOO will be steady / slightly up this week. ASOS results Wednesday and that I suspect will push BOO close or pass 360p, Thurs/Fri no idea, could drop back to 350's or under, here at 344p at 360p I decide do I take a few grand profit or do I hold and hope for the return of close to 400p.
Also in ASOS for results this Wednesday, do I sell tomorrow or do I chance holding into results and selling first thing or just hold, question is will ASOS see heavy profit taking takning the SP a little or could it hit £70 like some people think it could.
If boohoo has none of the uncertainty hanging over its head it would be in the 500p region now as company performance and growth is unquestionable.
But all the issues no matter how minor or major are way it’s hovering around 350p
Boo priority now is clearing its name and doing everything by the book. Once the negative press, scandals, MPs, lawsuits are passed it and no more it will be 500 plus and start growing but it’s taking a lot longer than expected to sort itself out but hopefully today was a sign of strength.
ASOS results next week will push BOO higher as they shall be excellent!
Great news, can it drag us past 50p??
Got to push us past 50p those results as they are in great shape
The price was falling in last 30 minutes, 348 high and closed at 337, not doing too great is it.
BOO need to sort their management out, clearly don't follow the words they preach, just saying BS to applease investors but it seems investor confidence is falling and more and more are gonna be selling rather than buying at this rate.
BOO management need to be updating on their check list to ensure they are buying from solid suppliers, not scum underpaying staff or making staff work in unsafe conditions.
Looks I shall be averaging down tomorrow if this news hit.
BOOHOO not good though claiming in 2015/16 to have a supplier check list, well clearly the BOD was lying through their teeth as if these implementations were implemented in 2015/16 then how the hell were they buying in 2020 from suppliers not following COVID guidelines and underpaying staff.
Will this news harm us or will it have no effect, guess we find out 8am tomorrow.
Was trading the range earlier, but when it hit 348p earlier I never got out was distracted by something. So I am stuck here at 344p at moment, 7000 shares.
Gonna see where it is towards end if it holds above 338p then I think it will be up tomorrow and maybe test 348p again, if it drops under 338p I think tomorrow will open down and then just a case of will it drop back towards 325 levels again, whatever it does I will just stick around at 344p and if it hits 300p buy more and average down, if it goes above 350 tomorrow then happy days either hold and wait or start day trading it again.
But wished I'd sold at 348p earlier and not got over positive about BOO as could be back in now at 338p but in grand scheme of things still on 6p out at moment and about £500 down.
42p nearly
FOMO kicking in or has something leaked about the results due tomorrow??
Yep very strong day today in transport.
SGC results tomorrow, hoping for 50p and its pushed past 40p today and has hit 50p recently before so can see it doing well, maybe 42-44p today, good results 45-50p which are expected then no doubt retrace a few pence.
Getting busier, confidence is returning, expect to see this 550+ today