Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Https://www.ft.com/content/70387d07-94e2-4cd6-b537-ea8d95f31746
I'm very frustrated at the current share price like others but feel confident it will re rate significantly once profit becomes a reality. Patience is required but it will be worth it. 50% upside from here in the next 12 months as long as they keep hitting guidance in my opinion.
If the results are in line with expectations then I would expect a rise in the share price but the outlook for 2023 is the key. It feels like recession is on the way and advertising spend will surely be impacted. It may already be in the current share price though, so who knows?
Certainly hope Sir Matin Sorrell's health is ok, he is a good leader.
Good luck to all invested here.
That seems a well balanced article which highlights the issues Boohoo face going forward. I would describe it as cautiously optimistic and suggests that for a medium term hold of 3 years or so, investors should be well rewarded. I have been tempted to sell up mamy times and take a loss but feel we are past the worst with this share and the future still looks ok. The pandemic highs will never be repeated but the outlook looks postive imo.
I just wish the shorters would b*gger off!
Although the recession may have some impact, the future for S4 does look bright. I watched the investors presentation and came away happy and reassured that they have sorted out their problems. They are still growing the company and will be streamlining operations and finding cost savings as they integrate all the aquisitions. This should lead to them making profits on a consistent basis and when that occurs, or looks likely, then the share price should make a decent rise from here. Holding for the next few years seems a good strategy to me. SMS has done this before and has decades of experience. Good luck to all invested.
Skier1... Are you invested in Agronomics?
You seem very negative on the outlook. The share price tells it's own story and has been on a downtrend for a while now which is making me question my investment (c£13000). Long term it.may be a good investment but in the long term we are all dead and I don't wanna wait that long!
NigeCo
I agree we need the H1 results to give investors more guidance and clarity as to the value of S4 and hopefully some positive guidance. That would hopefully give the green light for institutional investors to start buying again (as they are the real drivers of share prices rather than private investors).
It may take a couple more quarters but I live in hope as I have a lot invested here and have made the mistake of averaging down too many times. I have added a little more today as the SP is so low.
I remember the day last September when it rose to 870p, albeit only for a day. I considered selling out then.. boy I wish I had, lol.
Sir Martin Sorrell strikes me as the type of guy who will be very determined to succeed and will be focused on turning this around, so I am keeping the faith.
Recession, inflation, uncertainty, a low economic growth outlook and a cyclical advertising company don't make a good mix imo but shares can get oversold and we need some good news.
Good luck all.
Miserable being a BOO shareholder at the moment and for a long time. Hoping they have good results Sept 28th. Trying to stay positive but the share price tells it's own story. Easy to blame the shorters but ffs give us a break! Reluctant to sell, my stubbornness is costing me atm though. Feels like banging your head against a brick wall here, lol.