Member Info for streets36

Back in the day i thought you were a troll Pedro, but you really did call this! Glad I sold when I did, but feel very sorry for those still in. I can't believe how this company fell from grace. The valuation was always high, but it was the Slave Labour that really was the start of it... yes there was a Covid bounce, but its just been own goals since then. Fingers crossed you get bought out and get some relief.

Urghhh this share....

Looks like a short attack to create fear before the update. Although this time I agree with them despite having a long term holding. Just no good news with the company at present.

I used to think that the US DC was going to save us, but now I wonder if we will even have the cash longer term to make the most of it, credit facilities or not.

Huge learnings on this share. Cut losses early before you are in too deep.

If the pre-lims are awful then I'm out and its going in a 4% savings account.

I think there was a bit of a knee jerk reaction to the TU yesterday. I too was hoping sales would have done slightly better given expectations, but it really was a tough market before Xmas, the toughest we have seen in a long time with some exceptional challenges. We haven't seen strikes like these in years and the media was relentlessly tell everyone they were poor even if they weren't and it was a spiral of negativity cautioning demand.

I'm pleased to see how they are managing inventory and costs and with energy, inflation, supply chain costs all due to fall more than expected in 23/24 we may see some upside sooner rather than later given the forward looking nature of markets.

I think the June and September updates will give us a better picture of the future. Boo just need to nail the US opportunity and get back to basics on creating an attractive customer proposition ie - being a the cutting edge of fast fashion and delivering it quickly and efficiently as opposed to just plastering big discounts. That's how the gained the growth in the golden years.

It is also interesting that alot of Trolls used to say "Why do you think the Short interest is at 10%?" well..... I haven't heard them respond to the fact that it halved in a month? So what does that say.

Hahahhahah Giant has dropped the mic on you there Dogger.

Too funny!!! Its always the deperate that sink this low.

It is known for companies to go through hard times without being guaranteed to go into Administration...

If your short is your last attempt to become solvent then I really feel for you. U look like an amatuer tbf.

Happy New Year to the longs!!! Another hard 6 months ahead, but lots to look forward to in 2023.

I always thought I would be really pleased to see the Short Sellers reducing, but I have a horrible feeling they are all securing their profit before the year end and I must say they have orchestrated a very orderly exit.

Once they have secured all their profit, what is to stop them launching fresh attacks in the new year when all the retailer updates come in? they can literally use the profit the made here to short again at zero risk to the original capital.

There hasn't so far been any sign of a short squeeze and it seems many have or are leaving at the yearly lows of the share price. 2022 really was the year for these hedge funds.

Sorry, sounds negative when it should be a positive thing, but just have my eyes open when it comes to these guys.

I can't help thinking that with Royal Mail strikes and Train strikes how will that have affected demand and there has been atleast in my experience fewer Xmas parties this year with work etc.

On the flip side when I have been out in London the pubs were rammed then in November, which points to returning to full normality after covid (inflation aside).

I really hope 2023 brings a reversal here if just for some costs easing and maybe inflation not peaking as high as expected.

Too underwater to sell now so just keep fingers crossed really.

Good luck everyone!

It is interesting the timing of Liberum coming out with this downgrade.

MM's let it up 15% then they come out with this?? It all too coincidental.

If people are naive enough to not see whats going on here then you must have your eyes shut.

I would love an investigation into how this share has been treated.

I'm not expecting it to rocket lol but just maybe make some progress and not trade in a range between 35p and 40p time and time again. I don't think its beyond the realms of possibility for the funds with the 10% short to have some alogs ready to stop any momentum at key resistance levels, but each to their own : )

I've lost count of the amount of times I've seen this pop above 40P and felt a slither of optimism only for it to just fall back down again and make no progress : (

Maybe there are just too many sells at this resistance point from the old short crew.

Prove me wrong Boo and get to 50p for starters

Internet rate?

Thanks, that's a useful summary of where we are, as you say one can only assess in the current environment, which keeps throwing up more an more curve balls and perhaps the markets are just struggling to value the company at all given how volatile things are. I think anything under 20p would be very bleak view on the company though and pricing for the worst. Really hope it doesn't go there.

Why is it when you cut a loss a share goes back up and when you don't it goes down further lol (s*ds law) I think this market has caught alot of people out with how quickly things got re-rated. I also think taking a loss for anyone is hard to stomach, but its those emotions that need to be kept in check. Down heavy here now, but luckily its all profit from the previous Crypto Boom. Think I will stay away from AIM from now on and run for the hills when shorts get over 5%.

Fingers crossed this survives and prospers!

Ok DC and Jongle. Genuinely interested in your opinion. 20s clearly not beyond the relms of possibility, but where do you think the bottom is?

Because I have a feeling when / if it hits the 20s you will say going below that is inevitable.

Do you in fact think they will go under?

Always so quick to get any negative news on here Jongle?

Bit of a non article really. All stuff thats already in the public domain. slow day for the evening standard.

Whatever happens tomorrow what we do know is that 9%+ short of shares need to be returned. Whether they do it in a squeeze or over a long period of time that remains to be true.

What is also true is that over time the pound will stabilise, rates will normalise, inflation will get back to target and the economy will pick up. People will start buying more clothes again and I actually think ESG stuff to some extent is a bit of a woke passing fad and people will be so fed up of all the doom and gloom that they will want to just go out and spend on fast fashion.

I said the trolls would double their efforts as we got closer to the update.

Bring on USA Sales in 2023!!!!

Good luck for tomorrow everyone.

PS - For those saying the Hedge Fund speculation is all just conspiracy, just look at who has shorted the Pound last week prior to the Mini Budget? Coincidence, I think not. Govt visited HFs prior to releasing the the policy intentions. Google Crispin Odey. As T4G says there is no fair market at the moment, especially in this share.

We should all listen to Crispus Nyaga as he doesn't just have 8 Years experience, he has 'MORE' than 8 years experience. He also talks about himself in the Third Person.

Ignore news like this, its easy to be wise after the event. Load of BS.

Things are getting very interesting.
9+% short,
Mcap under 500mil
Pound crashing
and all around Boo giving their update. I swear they are super unlucky around Update timings.

I actually just want to get Wednesday out the way now to see where we are. I mean if we drop much further we really are talking silly money and some inevitable take over interest. Lets see which shorts close on the day, surely some will, good or bad to make the most of the liquidity.

Got my fingers crossed for any positive signs. Too under water to sell!!! May average down depending on what comes out.

So the guy who wrote the article used to sell Bloomberg products to HedgeFunds.

Draw your own conclusions.

Mentions Wilco alot in the article, but WHO makes the headline? As usual Times hellbent on destroying Boo.

Who would expect the Times to do a negative article the weekend before results?? Never seen that before...

Not much substance to that article.

I have emailed IR so will see if I get a response.

Perhaps we need to go direct to: Alistair Davies 3rd degree connection3rd
Finance Director - Investor Relations & Projects at Boohoo Group PLC

on Linked In if we get no response. Why as owners of the company should we be met with silence?

Another short increase yesterday btw. Cube.

Jongle, you keep saying the share price is going to go down further so where in your opinion do you think is the bottom?

Genuinely interested in your opinion? is it
(a) 30p
(b) 20p
(c) 10p
(d) Zero

I'm just trying to understand if you see any value in this company at all or you see a bottom that you may even go long on because its good value?

Thanks in advance

There are a couple of things that need clearing up as there seems to be a few comparisons with Cineworld and muttering them in the same breathe is ridiculous.

Boohoo and Cineworld are vastly different both financially and structurally. There is no evidence yet to suggest Boohoo can't meet its liabilities (quite the opposite) and is operating at the forefront of a mature industry.

I think it is a very subtle de-ramp for these new posters to bring cine into the conversation here. Yes, they both had a high amount of short activity, but I believe with Cine it was founded on clear risks, whereas on Boohoo its more opportunistic in the current environment.

Secondly people keep saying there is 8% short on Boo, but this doesn't mean there is 8% still to be sold into the market. Many just haven't covered yet, but will have sold most if not all of their short into the market. The latest sell offs will be from the incremental shorts we see, the odd 0.5%s etc and funds under the threshold, so lets not scare people into thinking that there is 8% still to be sold off. Its 8% that needs to be bought back!!!

As others have stated I think they are playing a very risky game now and we will see a few pull out before the 28th.

What I can be certain of is the amount of new posters (mainly negative) will intensify into the run up to the update. Then they will f off again. Just ignore them and look at the facts. Things aren't pretty, but we are near the crescendo and with a bit more time things will look brighter.