BOOHOO E-SHOT's, like everyday is a sale!7 Oct 2020 11:06
Signed up to BOO consumer e-shots a couple of weeks ago and nearly every day is a new sale day, with RRP prices and reduced prices.
If they did this in the USA I can totally understand why there is a 100M lawsuit, the UK is more relaxed on this and though there are rules about a product must be in stock, displayed and sold at a price for a certain amount of time before any discount can be applied, the UK gets away with murder on selling new products with fake RRP's and sale prices, you see it all the time online and even in high street.
But if BOO have acted like they do in the UK in the USA, particular California where advertising and miss leading customers is a big no no then BOO could really find themselves 100M out of pocket if they have to pay up.
For BOO sake let us hope they are not having daily sales in the USA and emailing customers all the time, just allows more evidence to be collected and more likely they will have to pay up.
Loads of positives around BOO and when we thought the scandal was all over here we are all over again with old news intensifying and causing real issues with investors losing confidence.
If this goes to 350p we are looking good but the SP is really struggling to hold over 330p and since results it has been in constant decline.
Ask yourself this those who are still holding, bet you wish you had sold at 360p, I know I do.
Do I regret selling earlier NO WAY, if it goes to 350p oh well I lost some additional profit but I have protected the profit I had.
No positive news for months, NEW LOOK are not getting bought by BOO they have a lifeline, so that aint happening any time soon, TED BAKER as sorted itself out and doing OK, unlikely to sell up and M&S well would that really be a good buy for BOO, not so sure.
As time passes I just feel sub 300p is more likely than 350 plus in short term.
Get out, protect profit, buy back in when its stable and that could be at 350p or 250p but a further 80p drop from these levels would hurt, whereas a 20p gain well some profit got missed out on.
Hope for BOO sake they were not having daily sales in USA and California, otherwise lawsuit will hit them hard.