Member Info for steveknowsnothin

It annoys me that not one of the articles mentioned their membership of the sustainable apparel coalition or work with anti modern slavery charities. The fact that all of their tier 1 and 2 suppliers are required to be high index compliant.

Makes me think that the new factory is just going to replace a lot of the smaller suppliers used for smaller runs of single items.

Either way, the report is just going to lean on what they have been putting in place for the last two years. Wish I had more money to put into this.

I think, but this one is off the top of my head, that in the building alone that the Times investigation was focused on there was more than 30 textile manufacturers.

Also, their 2018 results will tell you that they had 450 suppliers at that point in time. Given the growth its seems very plausible that this could now be near to the 1000 mark.

http://media.investis.com/b/boohoo/city-presentation-apr-2018-digital.pdf&ved=2ahUKEwi-q-fu_cTrAhUiUBUIHatoAiA4FBAWMAh6BAgEEAE&usg=AOvVaw1SbbijpHNlWsfmDlPXIG28

@Panderman not that I don't believe your gut feeling, but a very quick Google search would have told you that there are over 1,500 textile manufacturing businesses in Leicester.

I think there will have been quite a few who were worried that the guardian article was just preceding a greater character assassination over the weekend. Now that has not been seen and there is no social takeup on social, the price is only going one way.

My expectation now is a direct open to around 295, with end of day settling somewhere between 305 and 310.

Forgot to add, especially when the main shorter has a recent record of epic failure.

Short positions mean not much, see tesla.

https://www.cnbc.com/2020/08/30/coronavirus-retailers-report-record-online-sales-during-pandemic.html

Interesting ones for us here are,

A&F -56%
GAP - 95%
Ulta- 200%

USA focused, but indicative of strong earnings come interims.

I think much like all the good lessons in life, they sometimes have to be learned the hard way. What doesn't kill you makes you stronger, yada yafa.

@calamari that is based on the assumption that there is a 50/50 split on your miracle (Amigo) paying out. In reality its 99% towards administration.

@calamari did you mean to post that on the Amogo board? I know praying for a miracle can only get you so far...

I think the majority of investors are probably in it for longer, at least until the growth slows, which it isn't atm.

@Rahulrajas nah, might play around with my CFD's a bit as my average price is high there and there is money to be made with volatility. But realistically I don't think the price will fall below my new average, so probably just more buys.

Shares are staying put until after results.

Just going to fill up on CFD's first thing. Should be a pretty fast way to make some very quick money.

Didn't touch my share holding on Friday as count the average on those separately to my CFD account. Was a lot of fun doing volatility trading for an hour on Friday, wife not so happy that I went into another room and left her with the kids.

Buy price for me is whatever I see at 8am on Tuesday, as it will be the last time I see it.

Stop loss at 270 is dangerous, as would hit and rebound off it fairly quickly with you making someone else richer.

You need to remember that this bad news was always priced in, what is not is the audit report, Boohoo's response and earnings is what isn't.

If it was going to be picked up by other papers, it would have happened today in the Sunday press.

Damage was done by 4:30 on Friday.

Unfortunayely for those guys, they leak PII all over their posts. Thye don't lead very impressive lives in reality, that's why they are on here talking themselves up.

Well, I will lay of the board until close of play Friday and we can see where we all sit.

@summers the fact that you are all reliant on your Lord and saviour coming to your rescue on Friday is the funniest part.