Member Info for steveknowsnothin

Unless they have new and terrible news, I don't reckon it will come, as Boo will be able to shoot them out of the water and they don't want to be shown up for shoddy reporting.

Look at the L2 order book sells,

11.2 56,122
11.26 340,522
11.5 100,000

There is massive buy side support down to 10.2, so you wont be going much lower than that until those are complete.

09:29 7,487 11.06
09:29 6,367 11.06
09:29 10,000 11
08:45 50,000 10.82
08:15 60,000 10.8
08:39 79,214 10.8
09:02 40,000 10.8
08:19 100,000 10.7
09:29 10,000 10.6
09:28. 15,000 10.6
07:50 239 10.44
08:15 60,000 10.44
09:28 7,781 10.42
09:29 20,000 10.24
09:28 9,871 10.22
08:12 15,000 10

Lots of support in the order book down to 315 and not much up to 330. Horray!

5% a day is not a shake, it's a sell off.

This was the obvious conclusion, the only way you are getting a decent price for this is when the business actually posts good results on trading again.

Funny story, market value is normally based on performance.

Would love to know what the whisper number is for this...

Oh god, don't start that thread again

The facts he has shown you, get it right.

@Richmond999 I speak honestly on there too. Last post was about new look winning CVA, which has a material effect on SP of BOO. Don't hate on reality!

irrevocable contract with who?
What are the break clauses?
Have you seen the full contract?

Why wouldn't JB just start or buy up another company in a distressed space, call it friendo loans and save a packet.

At least he would stand a chance of trading before Q1 2021.

Props to JB, he managed to sell 1% a day and near enough maintain a decent enough price without it going to bottom.

Never too late to cut losses and fight another day.

How many times was I given absolute **** for saying this to you guys?

https://www.newlookgroup.com/pressreleases/new-look-creditors-approve-company-voluntary-arrangement

Looks like the CVA got the green light from landlords,

https://www.retail-week.com/fashion/new-look-cva-gets-green-light-from-landlords-saving-over-11000-jobs/7035758.article?authent=1

Why I think the Boohoo share price is heading back to 433p
https://www.fool.co.uk/investing/2020/09/15/why-i-think-the-boohoo-share-price-is-heading-back-to-433p/

Of course they expect it to be approved, that's why they are doing it.

Shame expectation is often different to reality.

Looking at L2, seems like not much in the book between 311 and 315. Might have to wait until 2pm to get the boost.

TBH am happier to see a consolidation at where we were yesterday rather than a drop past it.

Had a look and it's actually quite low Algo trading today, around 30%. Think it's just natural profit taking as the SP steps up.

Potentially someone having a little fun though, there was just some bigish buys, so potentially riding the share down and buying back in at low.

@Maxage looks like a seller, selling in chunks of 30k.

Seems to be done now though.