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I recommend you read the reviews. VCs and angels invest based on character, trust and ability to execute. The reviews raise concerns about all these things. I’ve got only 200,000 shares here. I was thinking of adding more next week. I don’t think it’s right to attack someone for Simply quoting something and stating the fact that the indeed reviews are from hairdressers. I wish you all well. I wasn’t intending to start a disagreement. I was just quoting what someone asked for as you have to sign in to the trust pilot site to read them.
Usain a lot of those reviews on indeed are from hairdressers. And some from people in the US. I think it’s a jumble of various companies With a similar name so I recommend reading through and trying to find the ones about this company.
Sperqnza, I’m not deramping, I’ve bought some shares. But I’m not going to be an echo chamber of blind joy if I read something that concerns me. I’m going to read a link and think about it and question it. usain on this thread asked what the reviews said so I was answering that.
rok259 I tried googling and the only other reviews I can find are for hairdressers, hotels and construction with the same name. If you found any more links direct to reviews about this company, please can you post. Thank you.
The reviews are consistently similar about lack of management skills and not being paid and my main concerns are these comments:
“- No concrete projects: it's all about selling thin air wrapped in cheesy business lingo”
“ A big disadvantage is that you will loose credibility even in front of important financial institutes… Some projects, as said, ended up quite pretty very bad, and these clients will always associate your name to this company… It doesn’t matter if you were not there that time… The voice is already spread in the financial environment of Milan… “
“ - professional smoke sellers, don’t believe what the managing partner says to you”
-“ You are sold like an automation expert or an amazing data scientist, but unfortunately everything is done manually and you’ll have to work like 4 people without the proper tools“
You might be right about £3 on Tuesday. But one thing I’ve learned with this share is expect the unexpected. Like when the PLT purchase happened 2 days after shadowfall. You just never know. It only takes another acquisition to send this flying again. And we never know when one of those could drop.
Not so much as it’s still cheaper to produce abroad so there are plenty of options. Many boohoo clothes are produced abroad and as they continue to expand internationally, a uk production base will hold less importance. Really they produce in Leicester so they can do their test and repeat model. Their own factory would enable the same thing and then order larger batches from elsewhere.
And in the long term future who knows - automation and maybe even 3D printing could change fashion production.
This is old news too (July) but a reminder Boohoo are vertically integrating to produce 50,000 items a week in house https://www.leicestermercury.co.uk/news/leicester-news/boohoo-planning-create-250-jobs-4368911
If there isn't new bad news over the weekend, could shoot up next week as people buy back in. Risks work both ways.. Risks in holding but also there are risks in selling.
Hi paul. Apart from Boohoo which I have had long term, I currently have some gold/precious metals mines (CEY, EUA, GGP and ECR) and I jumped onto SNG when the trial results news hit - I got in late but so far it’s gone up and VCs Venrock have been buying up their stock which seems to be a good sign. I know people don’t like cross ramping but sometimes it has helped me to draw my attention to a a share that I’ve never heard of and then I research it and see if it is worthwhile and make my own my own mind up. So if any of these appeal, please do your own research, I’m not ramping.
Ive stayed away from US stocks because i dont want to be factoring in currency fluctuations.
Hi spoon key. I have wondered the same thing as I couldn’t buy shares through hsbc (where my isa is) so I had to buy with ii and will be subject to CGT on any gains. This link has a calculator at the bottom where you can enter figures and it will tell you the amount you would pay. https://www.gov.uk/tax-sell-shares/work-out-your-gain
Ps I dont post on this board as I don’t have much to contribute but I read it regularly so thanks to everyone who posts information and research.
I’ve said this before but this is a reminder that Primark thrived in the last financial crisis. Boohoo CEO is ex primark and they also have the same kind of low price points. Add into that an increasing trend for online shopping that is expected to continue to increase in the coming years.
No worries PP
Chris I also like this bit “ What you need to avoid is getting into a conversation with the basher himself or herself about the topic. Once you get into direct conversation with a basher, you give the basher credibility. Answer the question if you need to, but do it indirectly. Never use the basher’s name”
Engaging with trolls and Bashers gives them air. Best to ignore.
In answer to steves question about fancy frocks. This company increased sales 45% YOY in lockdown. Second waves are not a massive risk to BOO just like they are not a massive risk to Amazon. When other companies were scaling back their marketing in March and April, Boohoo did loads of digital activity and increased their new customer acquisitions (probably at a lower cost because digital marketing costs are based around bidding, if other companies scale back it’s cheaper for the ones who do advertise). I recommend all new investors who haven’t already check the last trading update and also the annual results webinar on the investors site.
On another note, I saw this link on a different board over the weekend and thought it was pretty good re: derampers
https://www.guerillainvesting.co.uk/2009/12/15/stock-bashers-3/
One thing to consider with Q1 results is it won’t have accounted for refunds Eg January is peak booking time in the travel industry but many of those bookings will have been for departures in Q2 and beyond and have been subsequently cancelled. Refunds is a massive issue in the travel industry. I don’t know what the impact of refunds will be but it’s something I recommend people consider, research and look out to see if there is information on it on Friday.