Member Info for steveknowsnothin

The Boohoo share price is climbing again. I’d buy now the supply chain report is out

https://www.fool.co.uk/investing/2020/09/25/the-boohoo-share-price-is-climbing-again-id-buy-now-the-supply-chain-report-is-out/

Just been watching this and thought I would make a point of it.

Lots of ALGOS buying at 355 and then selling at 360, making quick turnaround, so don't worry about the small drops, it will take off very soon.

Little welsh gold mine or manchester clothing company, where the hell do I stick my extra money for the weekend.

I think NCA report is potentially a non issue, as would not implicate Boohoo, just employers = suppliers.

Boohoo Group PLC’s (LON:BOO) interims on Wednesday come just days after the fast fashion giant vowed to address the governance issues raised by an independent review.

After its online-only business model proved defensive during lockdown, shares took a hit in July from concerns over hits environmental, social and governance (ESG) practices, amid allegations over the use of sweated labour.

AJ Bell noted the questions raised by the allegations of poor pay and working conditions return to the core question of how Boohoo can make gross margins of 54% and operating margins of 8.7% (on an underlying basis) when its average selling prices are so competitive.

Investors will be interested in any further updates on that as well as sales growth in the second quarter after that 45% surge in the first quarter, to see whether the bad press deterred customers.

The market is also looking for trends in gross margin, which came to 54% in the fiscal year to February 2020, a slight drop on the year before, as well as trends in the adjusted operating margin, which fell very marginally to 8.7% in the year to February 2020.

Shareholders will also want to hear on plans for the AIM giant’s latest acquisitions, Oasis and Warehouse, and how they sit between the higher-end Karen Millen and Coast brands and the more fashion-forward boohoo, PLT and NastyGal.

https://www.proactiveinvestors.co.uk/companies/news/930010/boohoo-to-take-spotlight-in-coming-week-alongside-greggs-ferguson-and-reach-as-macro-focus-turns-to-us-payroll-data-930010.html

Bigger news, as in any of these hot topics. Means he will get nowhere near the front page.

https://news.sky.com/story/police-officer-shot-dead-inside-custody-centre-in-south-london-12081007
https://news.sky.com/story/coronavirus-london-added-to-national-covid-19-watchlist-as-cases-increase-12081237
https://news.sky.com/story/coronavirus-live-latest-uk-news-updates-as-covid-19-cases-spike-12071480
https://news.sky.com/story/four-wounded-in-knife-attack-near-former-charlie-hebdo-offices-in-paris-12081221

Unlucky for him, bigger news is coming out. So FA coverage for him this weekend....

Lol, can someone tweet him a link to this board so that he can know what a biased numpty he is. Him and Odey really need to get a room.

https://twitter.com/archiebland/status/1309450646517669888

Liked @gggg21 tweet - https://twitter.com/gggg2120/status/1309449640706797568

Think the guy has a chip on his shoulder because of his background.

hear! hear! @ShareExpert

Agreed, if I didn't have holdings, I would wait until this afternoon or maybe Monday to see what the blast radius of the articles would be.

Punter pickup on social seems very low, outside of stock markets.

Thank god for the BBC on doing some unbiased reporting.

Ah, 3:30 if you want it. It's all gravy now for 400p+ on Wednesday anyway.

We will definitely get one with fund sales, to get them under 10%.

@Bricks92 yeah by the looks of it.

Have to say that discussion was probably one of the best learning experiences I have had from these boards.

LOL, we had IG share screen and the order book open on the 75inch tv in the living room and were watching account equity fly up. Couldn't of hidden it.....

sorry oversold.

RSI looking undersold and MACD lining up for next step up.

Gonna be fun times from 3pm onwards....

When my wife found out about the gains this morning, this is very much the smallest piece of spending I have done today.

If it is still under 400p on Tuesday lunch time, am going to put half of my CFD margin back into it, then we can really have some fun.