Member Info for streets36

Firmly back under £3.00.. how annoying.

It was no surprise on the Technicals that this was going to take a tumble down to £2,70 after going the wrong way on the descending Triangle. However, I did expect to see a rise in short sellers to push it under, so without that I guess this really is a good indication of sentiment at the moment.

That said, i am still happy to hold for a good while yet. Boohoo is way overdue a bit of good luck and a turnaround. All this BS about the High Street is nonsense. The retail industry has shifted massively and nothing will change that. I predict Christmas will be the worst High Street footfall on record. Times HAVE changed. Everyone thought they wanted to go out shopping after being in Lockdown, did it once and realised how horrible it is and didn't miss it.

- All we need is good numbers from the acquisitions to build confidence in the Growth story
- A positive reaction to the ESG stuff in Sept
- Further evidence of the Pandemic depleting so people will socialise more. Think of the Xmas party season. Holidays to open up more next year
- Possible a Director buy in around £2.00s - £2.50
- Most importantly some fresh institutional buy ins. Very soon Banks, Funds etc will be demanding % growth in the portfolio's and they will be on the hunt to find this. Once one buys in, others will pile in.

This share has got every chance of being once of the best turnaround stocks for late 21 and 22. Boohoo are ahead of the curve in terms of being forensically scrutinized by the Media and Analysts regarding all parts of its business (someone else will be next) Now this is out the way they are running out of ways to attack the business. It will be transparent and investible again.

Its irritating seeing where it is, but it WILL turn, just hold on. Remember it moves quickly when it does.

Question is, when will MW cover?? Waiting to here what the deal is in Sept I'd imagine.

Bit sarcastic danl90?

Point i'm making is that I wouldn't read too much into articles from a 'self-taught' financial analyst, who is constantly repeating himself. Ask yourself what's his motivation for posting articles and getting clicks?

More to the point... I am all for two sided arguments for the investment case, but my good you are always so negative!!!

Are you even invested?

There is absolutely NO credibility in anything that comes from Crispus Nyaga!!!!! He is a nobody, just look at his background?? Its the equivalent of any of us tomorrow, uploading a webpage with some random thoughts.

For the last three weeks he has sent out similar articles about the 'descending triangle' same slightly negative information over and over...

JUST IGNORE

Its just so hard to get excited when the share price goes Green and start progressing upwards because as soon as it does its shot down again!! EVERY TIME!!!! So frustrating. MW want another low to end the week on.

Yeah, guarantee the majority of morning sells will be them. Always a slight rise, then sudden drop then slowish rise throughout the afternoon, but crucially for them ending with lower highs. The good thing is they do not have unlimited funds to keep selling down and have to return the shares at some point. They will be playing these games right up until September and as we get closer they will decide whether to twist or stick. Only unanticipated news will turn this round. Hoping for some good weather and Holidays to open up a bit more. IF they can show real evidence of the Agenda for Change progressing and we get fund buy ins then things will move quickly. Happy to hold for a while yet.

Not at all surprised to see a drop today with inflation (mainly fashion) and possible rate increases. Good results yesterday. Nothing to complain about. I genuinely feel the board are doing all they can in the current climate. This update was never going to be fireworks. I hoped for something special, but it was unlikely.

As I said before, it will be September that will be have the biggest reaction. In the mean time, the only things that will move this stock sharply upwards in the short-term would be:

1. Another acquisition
2. An earnings upgrade (may come nearer to September depending on the summer)
3. A Director Buy
4. Announcement of a Special Dividend (unlikely)
5. Broker Upgrades (will be a muted bounce)
6. Institutional / Fund buy ins (May come in September once the supplier list comes out and on the back of ESG progress)
7. Very positive Macro Changes - Clubs open up, High Street declines again, general positive return to growth, without too much inflation)
8. Return to Growth Stock investing
9. A possible Buy Out - Unlikely

Sadly, without the necessary support and big buys and twits like MW putting downward pressure on the share price they are forcing the technical trend. The chart isn't looking great. I think a lot of people will make money on this share between £2.50 and £3.20 so I won't be surprised to see it dip below £3.00 although I do think there will be strong support there.

Other than that it will be fine long term as the P/E will get so attractive the price will have to move with it somewhat as the opportunity to get Dividends at a discount will be too tempting and people will forget the ESG issues.

Unfortunately with Hedge Funds shorting, no institutional support, inflation, a lowish growth target this share will just be a play thing for the rich.

For some, you could say cut your loss, for me I'm holding. I still think Boo are fantastic at what they do and am excited to see the contribution the new brands make. Sentiment WILL change, so be on board when it does. I don't believe investors care about the actual ESG issues. The stock market is about making money for the majority without morals. The reason Aberdeen etc dump the stock is not because they have good ethics, its because they worry about the reputation. This is Capitalism after all.

Everyone here does deserve a big re-rate in this stock just out of sheer loyalty lol

Exactly what Marshall Wace want. Trying to keep us under £3.30 into the results and will pile on sells in the morning to spook investers and create panic to cement the decending triangle downturn.

If it dips sharply, they may cover and it will bounce back up. They have been burnt before and dont always get it right.

September will be more useful of an update. Will be holding tomorrow till Sept whatever happens. This share really is due a turn around and you watch how sentiment will change when there is money to be made. All of a sudden it will be "Boohoo rises from the ashes with stella performance" "Boohoo overcomes slavery issues"
"Boohoo the leading light of ESH retailing" even the Times will.turn the fickle pr£cks

MW piling on the sells in the morning. I reckon they are hoping to keep us under £3.30 going into the results with a drop on results day to continue the downward trend. I really hope Boo pull something out the bag. I think rightly or wrongly everyone who has been loyal to Boo deserves a good rise on June 15th and an even bigger one in September.

I know you can argue that a shareholder doesn't 'deserve' anything, but it has been a long old slog for some.

Come one Peoplepower remind us of all the positives!!! :)

So if on the 15th we have made good gains and the share price drops from here surely the P/E will start to become too hard to resist?? I mean at what point will sales and earnings increase to the point where £3.25 would seem rediculous?

Marshall Wace have upped their short 3 times in the last few weeks and their robots will pile on the sells early morning and into the close. We might need to go Reddit on them.

We really need to break above 3.30 to reverse the bearish trend of lower lows lower highs from the decending triangle.

Come on Boo pull something special out the bag for June!!! All this good weather will get that summer gear selling. September will be the key update so fingers crossed for more green holiday destinations and clubs re'opening.

Urghhhh being a Boohoo holder is tedious. The fact that a short turned up and the drop today getting close to the £3.00 mark is a bit worrying in terms of something going on in the background.

Are we hitting the bearish side of the descending triangle? in for a rough couple of months. Really don't know anymore. I hope the June update has something special....

I think once I break even I'm done. This share irritates me now. I'm not expecting stella gains everyday, but i thought the worst of the scandals were behind us and were were building bridges to move on : (

Need reassuring on why i bought in again. Peoplepower where are you???? lol

Did Postman Pat tell you that at the Birmingham Mail Centre?

There is a lot of 'thank me laters' over the last few months. You even invested here?

I wouldn't pay a blind bit of notice to that article by Crispus Nyaga. You just have to read to profile of who they are. Complete chancers with egos thinking they can influence stock prices. Like some Motley Fool writers, they are just bored stay at home Dads with no new insight.

We all know 25% is a conservative estimate. Lots of good weather coming soon and Boo will be selling the latest trends. Don't worry about the price from now till July things will start hotting up for the September update. It will be much more telling than the May one. Also, what will the P/E be if we are still at £3.20, but Boo have made massive gains this quarter. Its gonna have to move upwards at some point.

Also, don't underestimate the pain Marshall Wace will be causing. Seen the pattern so often with them. Usually big sells on the open and big sells into the daily close. Remember their agenda is to see the share price fall. Its just one companies opinion and more often than not they have just spotted an opportunity based on low volumes and weak buying to drip sells in and make profit as opposed to actually being overtly negative.

How one man's comment or tweet can have such an impact is ridiculous. I am a fan of Crypto for getting in and out, but the fact that the postman is now talking about it suggests a larger correction / crash coming.

Kids at school are buying Dogecoin....

If you asked them or anyone what it is? or what its value is? no one would be able to answer..

Fair response! Not going to knock anyone's strategy.

I think the MMs may well be viewing this share in a similar window below 300 then expect sell offs from 3.50. They just care about turnover and I'd imagine just don't see the appetite near £4.00 at this stage, but it will come.

I have no emotional attachment to this share. It was just easier to call a while ago and good to trade.

Its all about % for me, the same with any asset.

These opportunities will come with Market movements and its good to be ready when they do so good luck!

So people always say 'Boohoo is too expensive at the moment' - Well what's the P/E today??

Surely looking pretty healthy? but at what price is it just too ridiculous not to invest in? £2.50?

Whereas I don't agree that Directors should buy in every time there is a drop, it is a bit annoying that they only seem to do it when the price is really really low as opposed to showing confidence when there could be an upward trend.

Oh well, another day in the stock markets.. I'm looking forward to the time when Kitty, Perdro, Buff (if they are not the same person) have bought in as they keep saying and then we will see the tone change in their posts.

We need some bucking up, come on Peoplepower!!! Tell us how its gonna be! lol

Interesting comparison so perhaps 25% Growth isn't so dramatic a fall if the company is moving towards maturity. Especially with the comps of 2020 Feb 21 YE.

Kitty - What figures are you using for your P/e?? (EPS etc) I am seeing some many different numbers reported vs my own calculations. It seems people are stating its anywhere between 37 and 58 from the multiple articles, but I have it more around 38?

Be nice to get a definitive number so any big falls we can assess just how much of a bargain it may become (should it happen).

At what price would you see this as attractive to buy yaf4e and why?

Good article here.
https://www.investorschronicle.co.uk/news/2021/05/05/boohoo-s-profits-surge-amid-online-shopping-boom/

Rupert Hargreaves 19th April - Why I think the Boohoo share price could keep climbing. As such, I’m incredibly optimistic about the long-term outlook for the Boohoo share price. That’s why I’d buy the stock for my portfolio today.

Rupert Hargreaves 5th May - After taking all of the above into account, I’m not willing to buy Boohoo shares today.

Idiot. What was he expecting?? The same exact growth from the Pandemic. Completely different viewpoint with what were very predictable results.