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from Travel Weekly 8.19am this morning
QUOTE
"But travel to the US will remain unlikely “given the infection rates in the country”, said the source, and “there will definitely be quarantine restrictions to countries in a very different place to us”.
Restrictions are likely to remain for countries not only with higher infection rates than Britain, but also those with significantly lower rates, such as New Zealand, which will retain their own quarantine measures.”
Full article here: https://www.travelweekly.co.uk/articles/376232/many-long-haul-destinations-to-remain-out-of-bounds
I was checking these sites too at the time of the Shadowfall short and the days afterwards and nothing came up. I concluded it must be smaller than 0.5%.
I think people take out smaller shorts often that we would never know about (not just on this stock). I'm presuming these guys do it through the press to try and make their predictions come true.
Looks like the BBC have added more words to this article since it was posted earlier to add in the countries etc :) It was just a couple of paragraphs earlier.
I really recommend investors who don't already subscribe to the trade press Travel Weekly & TTG as info was was sent out air bridges by email this morning by Travel Weekly (so you may find out things sooner than mainstream media).
Good luck all.....
Hi Couchman
Depends what company you buy re: risk. Take a look at the investor relations site https://www.boohooplc.com/investors for info or reassurance re: boohoo
Growth companies like Boohoo don't pay dividends as they reinvest profits for further growth. Hope that helps! Good luck!
New FT Article
https://www.ft.com/content/a5c0d28c-7d26-42b0-9e2e-0e2a27bb1b03
I don't mean to put a downer on this but I'm not sure this is new news, the bbc article seems very vague. I'm wondering if its already priced in. I have no idea....
It was in the trade press first thing this morning mentioning only 4 countries (as Duster posted earlier).
Quote:
"Tourists would have to abide by the rules on social distancing in the country they travel to, meaning that destinations with similar restrictions to the UK are likely to be favoured.
The first travel corridors are likely to be to countries described as being “most advantageous” to the UK economy – likely to include France, Spain, Greece and Portugal.
The controversial quarantine restrictions are due for a review on June 29 after being in place for three weeks.
A government source was quoted as saying: “The plan is to announce a small number of air bridges on June 29th, though it won’t come into force until July 4."
https://www.travelweekly.co.uk/articles/375765/agreement-on-air-bridges-expected-by-end-of-june
Boohoo is growing and has been trading unrestricted all through lockdown. As you say ABF price is down but that aligns with a drop in sales due to stores being closed. The general trend is that the high street is declining which means there is more room for growth online than off.
Anyway, the point I was making is that in the last recession, cheap fashion did pretty well e.g. https://www.theguardian.com/business/2009/apr/21/primark-announces-profit-rise.
Primark thrived in the last recession. Ex primark, boohoo ceo. Last update said they were taking opportunities to acquire new customers during lockdown which will only serve well for the long term.....
No idea how the stock will react or not react to tomorrows update but I do believe this company will continue to grow. They know how to use digital marketing and did targeted adverts through lockdown while other companies pulled back on ad spend which will have likely reduced their cost per acquisition.
I was just reading this out today. It bodes well for the long term future of online in general. KPMG saying pandemic has accelerated the rise in online. “ KPMG estimates online retailing could reach 50% of the total goods we buy by 2025, five years earlier than previously anticipated.”
https://www.bbc.co.uk/news/business-52979651
I can’t read the article apart from the first couple of paragraphs as I don’t have a subscription but if wednesdays news is that boohoo is booming, shareholders might not mind about the bonus. Maybe it is announced to coincide with the trading update for a reason. If sales had dropped massively it wouldn’t make sense to pay a bonus. All we can do is wait and see.
It was in the trade press this morning saying end of June likely for some corridors..... One issue is the airlines need some certainty in advance in order to plan schedules (e.g. which dates for which destinations). If it is announced the day before, they can't simply add flights full of passengers the next day.
Quote from travel weekly today "The government has given private assurances that travel will be permitted to and from certain countries from June 29 when the quarantine policy, introduced on Monday, is up for its first review."
I expect once some destinations start, others will follow in the following weeks.
The whole market is down possibly awaiting the fed speech later.
https://abtamag.com/2020/06/02/italy-opens-up-to-british-holidaymakers/