Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Boohoo main market are Gen Z. Most Millenials in their 30s now
https://www.voguebusiness.com/consumers/gen-z-still-loves-fast-fashion-but-boohoo-investors-are-spooked
Hi Bruce
Shadowfall said they were still short on 8th July on twitter @lordshiptrade
I don't know why it doesn't show on short trackers web pages
Either way, someone is shorting with the rapid big dipper movements.
Good luck
Oh no i'm sorry to hear that. Sounds like a nice chap.
No i am not related to anyone on these boards.
Thanks for the advice.. I'll post if i have any success buying anywhere. Having to set up a new trading account may not be instant. I will see.
Sorry if this is a dumb question.... I was considering buying this and i tried to see if i could through HSBC which normally lets me buy LSE stocks and it says "sorry the security selected is not available on this service". I gather the share has been suspended before now, so I'm wondering if its maybe just not fully open to trade yet or if I need to look into buying another way....
https://www.nytimes.com/2020/07/08/fashion/boohoo-labor-influencer-crisis.html
(Havent read it myself yet. Just found it)
“ Mahmud Kamani and Carol Kane, the company’s co-founders, spent decades in the clothing supply industry and are personally acquainted with many factory owners. One of the companies mentioned in the Sunday Times report is controlled by a director who has business interests with Mr Kamani’s elder brother.
Carry Somers, founder of the industry campaign group, Fashion Revolution, said her main concerns about Boohoo’s supply chain were that she could not learn anything about it.
“They say [the factory allegedly paying low wages] is not one of their authorised suppliers, but how do shareholders know that if they don’t publish a list of suppliers?”
Boohoo ranks near the bottom of Fashion Revolution’s supply chain transparency index of the world's 250 largest fashion brands. It still fared better than some, but Ms Somers said most of the retailer's points came from having published the policies that its suppliers needed to abide by.
“Policies are one thing, but what’s really important is how these are carried out,” she said.
Fiona Lambert, a sourcing expert who has worked for Next and River Island, said labour abuse in Leicester had gone on unchecked for years, partially because better wages would lead to many buyers moving work abroad.
Anyone doing the right thing should know what the lowest possible price [a manufacturer can produce at] and my concern is that some clothing prices just don’t add up.”“
I don’t see that anything has changed since yesterday. My concern is that there could be more to come out about this. Not deramping here just being honest.
“ British Airways has announced its long-haul routes to resume on reduced frequencies this month.
Throughout July, the carrier will resume flying to Bermuda; US cities Dallas, Miami and Seattle; Toronto, Canada; Barbados; Kingston, Jamaica; Dubai (UAE); Istanbul, Turkey; Marrakech, Morocco; and Tokyo, Japan.”
“ BA will also return to more short-haul destinations by the end of July, including Austria, Bulgaria, the Czech Republic, Croatia, Denmark, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Kosovo, Morocco, Norway, Portugal, Spain, Sweden, Switzerland and Turkey.” quote.
Full article here: https://www.travelweekly.co.uk/articles/377249/british-airways-to-resume-more-long-haul-routes
(Subscription is free)
This share seems to take a nose dive every afternoon that the american markets are falling... (many other UK shares following USA too)... I think its best keep an eye on USA corona cases and markets ... whatever happens there, ripples over here.
For transparency, I don't hold any shares here. Bought and sold x 4 (profit 3 times, one small loss) and just watching now.... too volatile for me. Good luck to everyone though, I do hope it goes up again soon for you! Makes me sad to see comments of people sitting on losses...
https://www.investorschronicle.co.uk/comment/2020/06/25/buy-the-breakout-at-boohoo/
Streets I don't disagree that there are risks but I also think buying pretty much any stock is a risk right now. e.g. Are the US markets about to topple?
If you don't mind, how do you know there are lots of big shorts on this share? I have seen nothing when i have checked shorts websites for Boohoo but plenty on other shares. E.g. M&S have a couple of big ones at 3.24%.
In general a lot of bears are shorting the whole market right now... so I don't think any shorts on Boohoo would be unique.
If you're not happy Bonkers sell your shares, you must be in profit if you've had them a while.
Many of us on the board have had shares for many years. We aren't congratulating ourselves with our purchases. Personally Boohoo has paid for me to study, emigrate and travel. I don't have a massive holding now but if lost it all , thanks for the ride. I don't see how you equate Wirecard fraud with meaning there is fraud at Boohoo, they are unconnected companies. And I don't understand why you would be asking amateur strangers on a chatboard for tadvice on this. If you look on any board on this site its full of anonymous people saying how great the share is... and how it will be £X in X months or years. It's not advice. I recommend you do your own research or take professional advice if you have concerns. Good luck.
I agree with Narcotics. I find the information useful People Power. Thank you. A lot of what you post is taken from from articles on the internet, so it saves us a lot of research.... (and we can easily verify the info by looking up the articles ourselves if we want)....
On another note, it seems the markets are having a hammering so we may be in for a bumpy ride, but so far Boohoo is holding up better than many other stocks. Maybe because they have proved they can thrive even if there is a second wave. Good luck all!