Member Info for steveknowsnothin

Lol, Boohoo don't have physical shops, why would they have nightclubs.

Now, a tiktok promo campaign based around dressing up to have an at home nightclub during lockdown, with a £100 gift card for the winner, that might be a bit nearer.

Anyone got a telegraph sub?

https://www.telegraph.co.uk/business/2020/09/13/new-look-relying-landlords-prevent-going-administration/

Jongle, think this is the important line,

"While some parties expressed an interest in certain assets of New Look, "

Boohoo don't want the shops and new look aren't prepared currently to get rid of 11,000 staff if they can help it.

gggg21 there is no way that landlords are going to approve a turnover-based rent model or a three-year rent holiday on its 68 remaining stores. They literally can just fill the spaces with performing stores. Why take on the risk of bad sales when you already own the land.

This one is in the bag, hopefully completed before the 30th.

Soon peoplepower, you are going to come to this board and just see your own cr*p. Guess that's the perfect situation for you.

Just reading about the terms of their current CVA, no way the majority of landlords are going to go for this.

"In order for the CVA to go ahead, at least 75 per cent of creditors – which includes landlords – need to approve it when they meet to vote on it on Tuesday this week.

The CVA proposal entails switching more than 400 of its UK stores to a turnover-based rent model and a three-year rent holiday on its 68 remaining stores. No store closures are planned."

https://www.retailgazette.co.uk/blog/2020/09/boohoo-circles-new-look-as-it-lurches-towards-administration/?utm_source=rss&utm_medium=rss&utm_campaign=boohoo-circles-new-look-as-it-lurches-towards-administration

I would rather see them spending g a large wedge on vertical integration and then country expansion.

Yeah, they have a massive wedge for M&A.

I would rather see them diversify towards different audiences, as I feel new look probably already has high crossover with Boohoo. Just let them die.

I feel so accustomed to bad news, I don't think I know how to handle this.

I honestly though think new look is an ok buy, but reckon their will be much better options now furlough is ending.

As I always do, just to add, its not the fact that it was 100k then that me think that it is BS. Its the fact that it is 1m now and that is just so far from sensible.

@Snowwoman how come you sold it last year and not hold it for 20 years?

Bar the sarcasm, thanks for the viewpoint. I can understand going balls deep, but it angers me when there is the suyext of that being a sensible investment strategy, to be noted not from you.

Bricks92, your driving me crazy. Give me one at least.

Here here. Tomorrow morning awaits to see if there is anymore bad news in the Sunday rags. Then surely we must be on the homeward run....

Just to add to this, let's say you put your 100k into Boohoo, that is gambling, not investing. Almost as bad as option trading. Zero diversification and just a belief, might as well of stuck it in Amigo.

Such BS, you got lucky, if its true. For the average investor there is only one thing that you should do. Don't hold more than 20% shares, hold 80% ETFs, as the majority of shareholders don't beat the index over time.

All great companies die over time and stop innovating, just like most empires. Even Warren swaps out his shares and he now has the balance to get in from the ground, most recently by selling a load of his stocks and investing in coca cola, gold and palantir pre ipo.

As I said previously, even if I had 10m, I would be scared senseless to have 1m exposure in BOO. It just makes no sense.

Ha ha, thats like saying I am jealous of the copy and paste feature.

Bottom of the page,

https://m.marketscreener.com/quote/stock/BOOHOO-GROUP-PLC-16023307/company/

Alison we have loved the investigative work that you have done so much, that as part of our due diligence and out of respect to our investors, we would like your team to do quarterly reviews of the most worrying parts of our supply chain. For this we will sign on contract over the next 3 years at a million pounds per year.

The QC would be get 1mil under the table, quicker than you can say bandana bread for that never to see the light of day.