RE: I Did Say30 Nov 2021 15:14
Totally agree, its been a tough ride and in my opinion very unexpected to drop so far. Those (Pedro) who said they could see this coming, did not, but like to pretend they did just because the share price happened to move downwards.
but DONT worry, we are getting close to the end. Been here before with Boohoo. I know it seems like all is lost. The signs that the worst is over is that the Hedge Funds are peaking and the de-rampers on this board are out in force. Its comforting really because you know it will turn round.
If there was something fundamental about the business I would jump ship, but there isn't. Earnings were down because of some exceptional costs (Investments, Shipping, tough comparatives) nothing more than that. These are ALL TEMPORARY.
All that has really happened is institutions have gone 'ok, sound business, but in the short term I will allocate my capital else where till it blows over'
and BELIEVE me when I say this will not just make steady climbs up, it will in fact jump 10, 20, 30p in a matter of days.
All it will take is:
1. Hitting numbers or even exceeding in the next update
2. Time for the Pandemic to ease
3. Inflation to normalise (oil already dropping)
4. Shein to be proved the dodgy company they are
5. CEO / Chairman big buys
6. Holidays starting again in Spring / Summer
7. Good contributions from the new brands
8. A short squeeze (Looking tasty now)
The list is endless.
Look at how ASOS has halved in its time and come back. When this hits the £1.50s or should I say 'if' I will be rushing to put in £100K. Its sitting there waiting and I will be over the moon, because I will double it in a years time. The only place you could do that is in Crypto at the moment.
Keep holding guys!!! The future is bright, the future is Boohoo.