The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Is comic with the blind hope as the elephant in the room gets bigger
Anyone ever heard of "Made in China"
Is it a new concept all of a sudden ?
Have the Chinese after all these years only just now started being scrutinised on ethics of business practices by the oh so whiter than white outside world.?
To think they must have only just started being what we in the West could coin "a dirty company without moral"
Rampers on here rather clueless.
Shein is a juggernaut and will be stumbles along the way, but it ain't going anywhere anytime soon.
This board
Similarweb ramps as though are all tied into sales.
Gets peddled out alot by the marketing expert
Sounds all "sales platter" as per usual.
Pubs my area been flooded with packed beer gardens in the cracking UK weather of late that's been pretty much non existent.
Everyone must be staying in buying from the online fashion retailers and drinking at home dressed in the latest clobber
Think your missing the obvious Southcoast
Didn't we all get constantly told that this would benefit greatly from bad weather being folk didn't venture out to the shops .Rather ridiculous of course .
"Analysts point to challenges including supply chain concerns, consumer caution, bad weather in the UK and competition from the likes of China's Shein"
Maybe it dosent apply to Boo and it's just ASC eh.
Any old ramp !
Too many trying to play Whack-A-Mole.
Still pops up regardless Southcoast back in the real world.
Shein is laying down more roots in the UK, first with an HQ in Manchester and now with its debut pop-up shop at Liverpool ONE.
The global e-tailer's first pop-up shop of 2024 will be taking place on South John Street in Liverpool ONE for one weekend only - from Friday 19 April to Sunday 21 April.
It will showcase the latest Spring/Summer including partywear, workwear, swimwear and Curve collections, as well as its beauty range Sheglam. Not only will the pop-up bring Shein's collections to life, but it will also offer complimentary photo moments, live fashion illustrations and makeovers.
The brand's highly-anticipated fashion label, Musera, will also be available to shop in person for the first time. Musera, which is made up of monthly drops of trend-driven styles, was curated by Shein's new team in Manchester.
Shein recently opened a hub in Manchester, which is the home of the UK fast fashion industry housing HQs for the likes of Boohoo and In The Style.
Shein recently made headlines for being in talks to list an IPO on the London Stock Exchange. It was initially reported that Shein was in talks with London Stock Exchange bosses at the end of last year. Should it go ahead in London, the Shein float would be one of the biggest blockbuster IPOs in the UK in many years.
In the lead-up to the potential float, according to sources, the fashion giant recorded £35 billion ($45 billion) in gross merchandise value in 2023.
The group’s profits surpassed the £557 million ($700 million) of net income it generated in 2022 and £880 million ($1.1 billion) in 2021. To put it in context, H&M reported net profits of £652 million (SKr8.7 billion) and Inditex reported net profits of £4.6 billion (€5.4 billion) in 2023.
SHEIN X | Empowering Creativity | Collabs with Emerging Designers and Artists | #SHEIN X
https://m.discoversheinx.com/en/
"Tasty"?
Not the most appropriate of words reg potential escalating warfare that could easily result in innocent civilians getting killed.
Honestly, you would think the guy is meant to be hard up or something .Spot on Bon Scot and a large dose of reality 101!
He seems relaxed so therefore Boo must be about to rocket lol
'Our Backer Bet Terry Smith We'd Outperform Him.... | Morningstar
https://www.morningstar.co.uk/uk/news/248053/our-backer-bet-terry-smith-wed-outperform-him-im-confident-well-win.aspx
Interesting view bottom.of article "reminder" :
Johnson: And finally, I was very intrigued by Boohoo Group. So, it is your smallest holding at 0.22%, so tiny. Is it time to just sell out of the fast fashion brand completely?
Ellis: I think that the time to sell out was about three years ago. But yeah, it's an interesting story. We're big advocates of continuing to learn, and Boohoo – the blessing with Boohoo was we tightened up our exit process on the back of this holding. We originally vetoed the position because of its poor ESG, and then when it made steps to improve its ESG, we kind of let it get into the portfolio. But we had a different exit strategy at the time. And now it's a legacy position where I think it's like a free option. It's 0.2% of the portfolio. Mike Ashley is now gaining a position in the stock. I think he owns 22% of Boohoo now. So, there might be some kind of recovery play there. But I keep it because I like to get reminded that it's a big learning process, and some of the mistakes of the past for holding it too long.
Johnson: Mark, thank you so much for joining me.
Ellis: Thank you very much for having me, Chris.
"A dog learns once it's banged it's head twice tradey"
That had me in stitches ,and not for want of banging my own head, twas some needed 🤣
Certainly not cricket is it Daytrade.
Spidy-Rolf 💃
Hiding ?
Don't be ridiculous Southcoast.
Thing called "Google" dear chap.
You get the jist.
Not too difficult
Tradey (have a read)
Next is currently valued at 16 times its 2024 profit after tax. Using this as a benchmark, boohoo is worth £96m. That’s approximately a fifth of its current market cap.
But I don’t think the share price will fall much further. That’s because I suspect many investors are sitting on some large paper losses. And I know how difficult it is to sell even though — deep down — you know you are highly unlikely to get your money back.
However, as Warren Buffett famously once said: “Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.”
If the share price has stabilised, five city institutions will be disappointed. That’s because, according to the latest figures from the Financial Conduct Authority, nearly 5% of the company’s shares have been borrowed by these short sellers, in the hope that their value falls further.
Existing investors will be hoping that Mike Ashley launches a takeover bid. However, although Frasers Group has been quietly building a stake in the company, it hasn’t increased its 22.1% holding since 7 February.
Final thoughts
Based on its earnings potential, boohoo appears overvalued to me. I know share prices are supposed to reflect future earnings. But how many years will investors have to wait for the company to make the level of profit needed to justify its current stock market valuation?
It’s a similar story when it comes to looking at its balance sheet. At 31 August 2023, its net assets were £380m. That’s approximately 18% lower than its market cap. If all the company’s assets were sold for their book value, and the proceeds used to clear its liabilities, there wouldn’t be enough cash left over to give the shareholders the current value of their holdings.
That’s why if I did have a stake in boohoo, I’d be sobbing uncontrollably.
A matter of time rampsters
40p end of week lads !!!
Remember Barclays been rather stealth at calling the direction for those that bother to look.
They have hit every recommendation rating to date so law of averages says that 26p will land at some point.
Not as bullish as youself of course 👌
Seems Barclays ain't too bullish eh Southcoast.
Broker Recommendations for Boohoo (BOO)
Date Broker Recommendation Old Target New Target Rating Type
09-Apr-24 Barclays Underweight 26.00 26.00
Tradey hopping up.and down on the report button again , trying to silence the ASOS sell rating being both companies practically tied at the tip
It’s time to hold ‘fast fashion’ to account | Morning Star
https://morningstaronline.co.uk/article/it%E2%80%99s-time-hold-%E2%80%98fast-fashion%E2%80%99-account