Member Info for Soder

You have to ask yourself this….

Why would a new ceo in his first top level leadership role at a listed business (thus he has a captive audience) who is from a sales and marketing background stay silent when there is probably so much to say? Not even a “hello shareholders I am David. I will be putting together a strategy and will present to shareholders in early 2022. Glad to be here and can’t wait to get stuck in”.

Something is going on behind the scenes and he is obviously staying silent so whatever it is is not compromised in anyway.

It could just be the formulation of the post covid strategy for ncyt which he can announce and present with great fanfare in early 2022. It could be dhsc resolution. Could be M&A. Could be new contracts or partnerships? Could be new products? Could also be bad news if something has gone wrong and maybe they have a blip? Who knows.

But one thing is absolutely for certain.

That guy. In that role. With a ton of PIs who have chastised the company and previous ceo for poor comms all year. Coming into that biz which literally should be flying at the moment. Would not be silent for no reason.

The silence is deafening.

It won’t make a single bit of difference. I am double vaccinated and hav me had omicron since Thursday with no symptoms. I only know I am positive by a freak test I did. I would have had it all week with no symptoms and a covid pass. There will be many thousands like me.

You can’t fight a virus. Let it rip. Let’s get this show back on the road.

Try booking one now. Says no availability for drive in or walk in across the entire U.K.

Plus no LFT capacity online.

The dhsc and government are overseeing a monumental **** up of epic proportions here.

We’re ****ed.

You seen 2x rns? Petronas as and Exxon

I tested positive from LFT on Thursday. Did PCR same day. Result on Friday. Literally seconds ago had a message saying I have omicron.

So taken 4 days to identify the variant as they bc the lab my sample went to cannot instantly identify the variant. Was it sequenced?

Either way, if omicron was added to snpsig would have known variant much much quicker.

Get this done Novacyt. Get it done asap.

I’m positive without a single symptom.

Skwizz it’s really not. Its simple mean reversion. In a industry facing a challenge you search out the strong companies with the right strategies, market positioning, management and (importantly) the strongest right balance sheets. You buy them. Then you wait.

If you hold that for 12 months I genuinely do t see how you don’t double your money.

Cost, commodities, fx headwinds, consumption, demand always normalise. And when it’s slow to normalise the companies with over leveraged balance sheets and poor market positioning fail or get gobbled up by competitors.

There is no doubt we are positioned correctly and that the strategy is correct. Weakness is from issues we can’t control and that is how you make money investing. You find good companies in industries with challengers. And when those challenges subside you make a fortune on the recovery. But you can never time the bottom. No one can.

If anyone really wanted to have a deep and meaningful on the fundamentals of this business and why it is positioned to succeed and grown over next 1-2 years I could go on forever. But the highlights….

High margins. Even if they dip this year we can absorb higher costs and hold our brand position and come out stronger.

Diversification brings huge growth opportunities. We have gone for 4 to 13 brands with 2 new distribution centers and huge IT products infrastructure investment. In 2020-2021 we bought 9 brands with prior sales of £2.42nd for just £100m. Find me another business in any sector of the economy in any economy in the world that has been able to do that? I’ll wait.

Cashflow. The investment described above has led to 2 outsized years of capex. This is net every year and will now notmalise and free cashflow will start to grow meaningfully over next few years.

Social media strategy. Active online customer base has grown 78% in 2.5 years from 10.6m to 18.9m and it’s social media following has doubled from 27m to 54m. That shows the strength of the product and reaffirms the strategy. The business is positioned correctly to thrive once short term headwinds normalise.

The world will open up again over next 2 years. Travel. Holidays. Festivals. Night clubs. This summer we started to get back to normal but events such as Glastonbury, coachella, A summer season in Ibiza etc are HUGE revenue generators for boohoo.

ESG. We are in front foot now. The tide is turning. This will bring back the institutional bid. Norges first. This will take time but it will happen.

This message board doesn’t really allow us to differentiate between peoples time horizons for investing/trading. A market needs contrarian views and participants with different investment horizons. That’s what makes it a market. Is one set of participants right and one wrong? No. They are just targeting different outcomes on different timeframes.

Kuvari, Marshall Wace, citadel etc are hedge funds. They are called fast money. They care about momentum, they care about market equilibrium, they care about NEXT set of earnings and the short term factors influencing a stock.

T Rowe, blackrock, Norges are REAL MONEY. They are investors. They care about fundamentals. They care about company strategy, management, wider industrty dynamics and market positions over multiple years. They care about what the next 1-5 years earnings will be and will give the company a fundamental valuation.

With regards to boohoo, it’s clear on this board we have both short term technical momentum traders like Marshall targeting a few % here and there for kicks and thrills and the norges who will look at fundamentals and think “I can buy that here and in 12-24 months it will probably double”.

I have a family away from my interest in stocks. I also have a full time job and attached to that line of work some compliance restrictions around my minimum holding period for investments. For that reason I am a forced fundamental longer term investor. For me, buying boohoo at 160p and it going to 140p in January makes no difference. I don’t mark myself to market daily and 1 month is not my investment horizon. I could not sell even if it tripled due to compliance issues I have. All that matters for me is my conviction that come January 2023 and beyond that the stock will be meaningfully higher than it is now. And Yes i do have that conviction. So why has it been selling off and why may that continue?

1. Esg. The fast money knows many real money institutional holders are forced sellers for ESG reasons. Even if they love the boohoo story they simply have to sell. And when sellers > buyers the SP goes down.

2. Recent operating weakness driven by short term logistics issues, cost inflation from commodities.

3. FX. Weak sterling will hurt the margins of U.K. retail who source in dollars from Asia and Turkey etc.

But the good news is all the above are transitory, and 100% of the time, all the time, do normalise. Maybe it takes 1-2 quarters but it always happens. During the tough times the weaker business (especially in retail) with bad market and industry position, maybe too much debt do fold, no online presence etc fold or restructure. Think top shop as prime recent example. The better operators with strong get products and balance sheets ALWAYS come out of these periods strong and more importantly BIGGER.

Why does it need a spin? I am pretty sure everyone expected a scheme to come. To not be expecting this would be like watching your wife’s belly grow for 9 months and then being shocked when a baby fell out.

The state of him. Looks like he climbed out of a skip. What a total slob of a human being.

The reality is why have no idea if those people are in hospital with or due to covid…and we will never know. At this time of year the elderly will be filling up hospitals with all manner of winter related issues and a decent chunk of them will have covid also. I am not saying it’s not due to covid but just that headlines and vague statements from politicians will usually be spun to paint the picture they want you to see.

The sales this year are irrelevant. 100….120. No difference. What we need to hear is that next year they won’t be 40m. I think that’s a given but we need the post covid strategy communicating and they need to give the market some numbers around it.

I’m doubled jabbed. First in April. Second end of June. Tested positive Thursday from a random test in order to get to a work Xmas bash. We were asked to do a test. Not a single symptom. Even now. I would be an asymptomatic super spreader if I had not tested.

Even without The M&Agiven the performance in Nigeria on a standalone basis this will double. The cat is out the bag re stability of earnings, ebitda margins like I have never seen, and conversion to free cash. You can’t just ignore that, Chad or no chad.

Do the maths. 19p no more.

…is what it takes to add new variants to the snpsig panel. That will be next week.

Hi pjx. Can you expand on that please? QC being quality control?

So, I sit here after doing a LFT yesterday morning as a requirement to go on a Xmas **** up yesterday afternoon. I tested positive and was genuinely shocked. I did two more. Both positive. I then did a PCR and result today also positive. I dont have a single symptom. No cough, no fever, no aches or pains and the glass of wine I am currently drinking tastes and smells just as I thought it would….cheap and opened 4 days ago :0

I am doubled vaccinated and otherwise healthy. Is it possible the data they are basing these hospitalion forecasts on preceded the vaccination drive. Ie that was n January 5 percent ended up needing hospital treatment so will be same now? I dont know. But cases have been going up for a while and the doomsday scenarios re hospitalisations and death seem outdated. Just thinking out loud. Now back to the wine.