WHY BOO WILL BE 600p PLUS in 2021 and 400p plus next week23 Sep 2020 09:58
So BOOHOO is an awesome company and next wednesday at 7am we shall the interim results and update on slavery allegations amongst other potential very positive news, the trading update could read as follows:
- Sales for the period were forecasted as 25% growth, but we experienced more than 50% growth due to a massive spike in online purchases due to the pandemic and this has continued into the next quarter even more so.
- Our probe into slavery allegations has revealed some issues, but minor ones and we have taken action to stamp it out and have put in place several procedures to ensure it never happens again, so lets move on from that.
- Our new factory is proceeding well and shall be fully up and running before end of year to give us full control and to further prevent any such issues of slavery again but also whilst increasing margin.
- Our middle east platform opened and we have seen incredible sales from day one.
- In the last quarter we had record social media growth in the group and we feel it is a main driver for our dramatic uplift in sales.
- We have also made the following acquisitions which we can now inform the market about.................
- Our management team will still get their 150MILLION bonus when we hit 600p, we stated by 2023 but with our current growth plans and how the pandemic has enhanced digital sales by 5 years, we actually believe 600p is possible early next year, as such our management will still get this bonus, but were also announcing a new bonus that when they reach £10 a share we will give a further 150M bonus to the management and this we now plan on hitting by 2023.
- We also expect to hit 1.5BN plus in sales for 2021 which will be our biggest growth for several years.
We truly feel we have resolved the allegations and moving forward know how to stamp it out, we will also now have unprecedented growth in sales over the next few years massively kick start by the pandemic moving consumers to buy digital and finally killing of the high street, however we will still be watching over New Look for any potential issues to grab some of their business on the cheap also.
Stay invested, we shall make you very rich! :)
DYOR!
400-500P next week!
500-600p by end of year!
£10 by 2023 !