Member Info for Spideystreet

He's only posted on ASOS in the past month and surprisingly that's down also today.

Beggars belief the fantasy they create for themselves

Jeremy and his other stocks that are up ?

Must be the ones he posts on daily in his history (cough)

Eggs and basket anyone?

Let me guess as South coast will be coining boo "a category killer next"

Blimey Southcoast do you understand ex growth as in its not a growth stock ....have you noticed how flooded the online market fast fashion environment is now? Covid super charged many companies to adopt omni channel chap

Is an ex aim darling dear

Blimey Ernie and Bert on here all day again selling each other crystal ball fortune cookies.

If you could only.see the gigantic paper losses the pair are on

One is certainly getting back to the old ttafing4good 20 a day habit (cough cough)

It's a simple question South coast being your handle the "boohoorider".

Your on here 24/7 acclaiming top.uos left right and centre flying the boo flag.

Why oh why are you incapable of giving your average ?

What are you scared of South coast?

Emperors new clothes is it?

This is the short squeeze !!!

If only South coasts purchase wasn't a monopoly one and all

Desperate posting so day everyday and even sets up a handle "The Boohoorider"

Not all plugged in upstairs.

Topping up again 🤣

Has South coast got any of his inheritance left?

Chase it down all the way th is one has.

Just highlights the relentless bad press albeit reporting/news Boo seems to have stuck to it day in day out.

The price certainly seems to agree imv.

Pipe was one of the few on here that called this pretty much down to the low 30s when multiple poster AKA South coast tried to make out Pipe didn't know jack.

He's actually made some damn calls here ie more often right than wrong

Dear oh dear South coast do calm down.

It's not heading north is it ?

You've been on here all day again I see in hope.

Dumb?

From the "boohoorider" 🤣

Don't say its another article placed by the shorters Jeremy 🤷‍♂️

No comment "your honour" from captain Boo to date .....hmmmm?i wonder why?

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Exclusive: Asos and Boohoo turn to nearshoring as Red Sea crisis intensifies

By Chloe Mills5 February 2024

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Asos and Boohoo are relying on nearshoring their supply chains to navigate the ongoing challenges of attacks on container ships in the Red Sea.

Retail Week understands that both these fashion retailers have begun ramping up the sourcing of products from countries such as Turkey and Morocco, as well as domestically in the UK, to avoid the longer-lead times and inflated prices associated with shipping from Asia, due to the ongoing situation in the Red Sea and Suez Canal routes.

While the retailers have denied they are experiencing any stock issues as a direct result of the conflicts, it is understood that they are relying on the flexibility of their supply chains, which also helped them during the Covid pandemic.

Retail Week understands that Asos uses the Suez Canal route for ocean freight shipments from Asia to Europe but that this is for long lead products rather than its trend-driven, seasonal lines.

Asos said that where it is seeing an exntension in shipping times, this can be up to 10 days, but it is in close contact with its strategic logistics partner Maersk as part of the ordinary course of business.

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Asos added that it has put plans into place to manage any short-term delays and that extended lead times will be factored into the brand’s purchasing decisions moving forward should the situation continue.

Boohoo has so far declined to comment on the situation.

Last month, Retail Week revealed that supplies of some of Matalan’s products are being delayed as a result of the attacks.

While Matalan did not confirm the product categories being impacted, it confirmed it was “monitoring the situation closely”.

Fashion giant Next also warned that if “difficulties” continue, disruption and delays to its UK stock deliveries were “likely” early this year.

Retail Week has reached out to Next to ask about any continued impact into the summer, but the retailer would not be drawn to comment.

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AsosBoohooFashionInternationalSupply chain

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Not posting on the Superdry board today then Southcoast after your acclaimed purchase?

Say no more about the fantasy world of the "Boohoorider"

Those hindsight purchases eh

Our system’s recommendation today is to STAY IN CASH. The previous SELL signal was issued on 26/01/2024, 7 days ago, when the stock price was 37.33. Since then BOO.L has fallen by -8.61%.

The downtrend seems secure and the bears are confident and happy. The share price is below the confirmation level and the signal is suggesting to STAY IN CASH. The current price levels demonstrate the wisdom of our previous

Interesting take daytrade and I tend to agree.

Easiest to cut and paste :

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Boohoo Source: Liquidity Not an Issue

BY VICKI M. YOUNG

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FEBRUARY 2, 2024 5:00PM

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A Boohoo source said firm has 290 million pounds ($366.2 million) of liquidity and can operate with a smaller credit facility in March 2025.

A LOOK AT THE LEICESTER FACILITY THAT BOOHOO IS EXPECTED TO CLOSE AFTER JUST TWO YEARS IN OPERATION. CHRISTOPHER FURLONG/GETTY IMAGES

With 290 million pounds ($366.2 million) of liquidity, reports of a Boohoo liquidity crunch or financial squeeze might be a bit premature, at least for now.

Some Boohoo lenders were said to be giving the fashion e-tailer a hard time when it tried to extend its repayment deadline beyond March 2025 on a 325 million pound ($$410.2 million) revolving credit facility. But a source familiar with those talks shut that down, telling Sourcing Journal on Friday that Boohoo does not have a repayment problem.

UK’s The Telegraph first reported that Boohoo got the nod from six banks giving it a one-year extension until March 2026 to repay a 250 million pound ($315.5 million) component of the facility. The problem was centered on banks behind 75 million pounds ($94.7 million) of the facility insisting that Boohoo adhere to the March 2025 repayment date. Boohoo reportedly had borrowed the entire amount. Had Boohoo received an extension of the repayment deadline for the 75 million pounds owed, it certainly would have gotten a lot more breathing room given the longer period of time for repayment.

So, what’s really going on here? With 290 million pounds of liquidity, it seems that paying back 75 million pounds wouldn’t be a hardship. The Boohoo source said that the revolving credit facility was extended in July 2023. While the fashion company has access to a smaller line of credit beginning in March 2025, this source emphasized that Boohoo can manage the business with the smaller facility.

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Boohoo’s been looking at all aspects of operations, from how much inventory it needs for the business to rethinking locations of its distribution centers. It is set to shutter its Daventry distribution center, located in the village of Crick in England’s Northamptonshire. And the company is rumored to be close to closing down its Leicester factory, about a 30-minute drive north of Crick, in another move to streamline operations. In the last year or so, the company has invested in retrofitting its Sheffield site, and opened a warehouse in Pennsylvania to impro

Won't be surprised if more gremlins appear via the press.

It's like a "what's going to land next" with this.