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https://www.insidermedia.com/news/north-west/leisure-development-gets-boohoo-boost
A new multimillion-pound leisure development in Burnley town centre has got the final go-ahead after online fashion giant Boohoo committed £300,000 to the project.
Burnley Council's full council approved a number of measures to ensure the planned Pioneer Place cinema and leisure complex goes ahead.
This means that construction on the development will start on site in the new year.
The project had already secured £3.7m from the government’s Getting Building Fund administered through Lancashire LEP and £3m from Lancashire County Council.
However, like all construction projects, challenging inflationary pressures were facing the scheme.
Following discussions with all partners to the project, solutions have been found to enable the scheme to still be delivered within the parameters agreed by the council 12 months ago.
As part of this a new partner, Boohoo has pledged £300,000 to the scheme.
John Lyttle, chief executive of Boohoo, said: "The boohoo group is delighted to help support this exciting project in Burnley which will be a fantastic addition to the town.
"We opened our first international distribution centre in Burnley 11 years ago, and are proud to be one of the largest private sector employers in the area and long standing partner of the Burnley community. Our wonderful team has grown to over 2,000 people who will all benefit from this wonderful new leisure area and we look forward to seeing it take shape."
Cllr Afrasiab Anwar, council leader, added: "I would like to thank all partners for supporting this project, but I would especially like to thank boohoo, for stepping in at the eleventh hour and investing in the project."
What side of the fence are you now sitting Peoplepower on Boohoo, Your coming across negative and from someone who is holding 360,000 Boohoo shares or did you sell these?
Sharecast News) - Shore Capital reinstated coverage of fast-fashion retailer Boohoo with a 'buy' rating on Wednesday, having previously had a long-standing 'sell' on the shares, citing "a good entry point" at historical lows.
The broker said it's' been quite a ride for Boohoo shareholders over the past 18 months, with the shares now trading on a CY22F price-to-earnings multiple of 22x and an EV/EBITDA multiple of 13x, which is a 55% discount to last year's high.
"We think this is an attractive entry point to one of the fastest-growing retailers in the UK. Boohoo is a consummate own-label brand operator with a strong balance sheet and, in seeking to be a platform, it is a stronger player than peers thanks to its proprietary nature," it said.
Shore said that while volatility will undoubtedly persist until supply chain issues normalise, increased marketing spend, faster delivery times and extension into mid-market brands will be key growth drivers for the retailer.
"ESG is now an opportunity for the fast-fashion retailer, as is the underappreciated transformative Debenhams acquisition, having turned Boohoo into a leading player in the UK's online prestige beauty market," it said.
"With the shares now down to 2017 average levels, we see this as a perfect entry opportunity into the stock."
Shore set a fair value of 345p.
Still, analysts believe that the Boohoo share price is currently at a sweet spot. Besides, the stock has been in a significant sell-off in the past few weeks. For example, analysts at Deutsche Bank initiated their coverage with a buy rating.
At the same time, those at Berenberg believe that the stock could rise to 350p, which is significantly higher than the current 182p. Those at Royal Bank of Canada see the stock rising to more than 400p
Just said in Fun Ade , No offence, However I do plan on doubling up, But its trying to catch the bottom if it drops a bit more, But at today's price , I am not adding anymore until the price is settled and if it goes up from here, I will be happy, So just like before , its a win win since i tend to hold shares foe a long time
Ade1234 , Looking forward to friday with your Predication Fri close 170-175, Either i will be getting cheaper share's or we will be getting rid of you , Its a win win lol
Good luck with AFC, Its a traders share
You have to ask , Are kallumama and pedro paid posters and why are they spending so much time posting negative's on a chat that they don't hold any shares in Boo and they never will hold any shares.
I question why they keep posting and i also question why LSE Mods are allowing it to carry on.
These posts are to scare people into selling and to stop people from buying.
Like all shares , DYOR and make your own mind up, But look at the post history of kallumama and pedro and make your own mind up on why they are posting on here day after day including the weekends and very often to late at night.
I have posted recently how posts like these can effect peoples mental health , Many Private investors will be 50% down and each time they read LSE Chat , They continue to read negative posts from kallumama and pedro
LSE , If you do get to reads this , Why are you allowing this to happen, Please check their IP addresses and post history and do something about it
My wife won't go near the shop now, total tat plus a 50 mile round trip to return something
Why should directors buy , They are not bothered about todays SP , They are only interested in the future and building a better company
wyndrum , Totally agree with you , Never invest more than what you can afford to loose , But many private investors get sucked in with believing what they hear , Like a certain CEO telling investors of Bidstack that he believed the SP would be 20 X the currant SP of 30p, Now the same company is 2p and many bought in on the back of what a CEO told them.
I never invest any more of 10% of my PF in anyone company and i will go has low has 2% , Currently holding 20 stocks with cash in the account.
Regards the de rampers, imagine someone who is down 50% who is suffering mental health and you have someone shouting bloodbath, That could tip them over the edge
From southcoastbather
THE TRUTH ..... JUST IN CASE PEOPLE HAVE FORGOTTEN THE GROWTH....
Dont forget boys and girls...
All air travel getting back to normal levels in the coming weeks.... Headwinds are soon to become tail winds....
Just for reference in case anyone is interested....
Boo are smashing the market up and beating the competition....
Take a look below
Just taking a look at BOO vs ASOS.... the rate at which BOO is taking market share is phenomenal....
Take a look at the revenue growth for BOO...
2012 - 67 million
2013 - 109 million
2014 - 139 million
2015 - 195 million
2016 - 294 million
2017 - 579 million
2018 - 856 million
2019 - 1.2 billion
2020 - 1.75 billion
2021 - 1st half revenue 975 million ( I can see full year being 30 percent more than 2020 so 2.275 billion)
The only short term issue is the shipping costs which is world wide in every industry BUT with air travel returning to normal this cost will also normalise.
If you look at the revenue growth of BOO in the most simple way possible from 2012 to today it has 30 x its revenue!! YES 30 x !!
Lets not forget BOO carries a margin of over 9.5 percent. (ASOS under 5 percent)
Anyone that thinks growth is about to stunt is completely out of touch with reality or they just cant read - Just wait until the acquisitions really start to kick in now we are in the post Covid era!!
The current warehousing and logistics are good for 4 billion of revenue as well so capex will drop back nicely for a few years.
Just take a look at this chart for revenue growth !! - https://www.statista.com/statistics/794862/boohoo-plc-group-revenue-worldwide/
Now compare the above with ASOS - from 2012 to today its revenue has gone from 570 million to 3.2 billion which means ASOS has increased its revenue x 5.7
https://www.statista.com/statistics/485103/asos-revenue-worldwide/
Boohoo and plt are solid brands that people aspire to wear....
Just looks what's in the boo stable -
Boohoo
Boohoo man
Karen millen
Nasty gal
Pretty little thing
Oasis
Coast
Miss pap
Warehouse
Burton
Wallis
Dorothy perkins
Debenhams
That's some serious brands right there.
Boohoo current trading.....
The company is currently ahead of the 20 percent growth achieved in q2....
Consumer demand has been improving through August, principally in the UK but also in key overseas markets such as Ireland and France, where there has been a re-acceleration in the rate of growth. This has again improved in September, where the rate of gross sales growth has increased compared to that achieved in the second quarter of the financial year.
Our expectation is for full year sales growth of 20%
To the derampers out there
I have witnessed people loosing all their money on the stock market and you get these De rampers attacking a company causing a lot of stress to the private investor which is totally out of order when your not invested and never will be. These people who are posting negative stuff non stop for what ever reason should take a long hard look at themselves and think what damage am i doing to their mental health to these Private investors who are invested and loosing Paper money.
At the end of the day , You might have a issue with a certain poster who is posting what he believes to be facts which i have to say what he is posting can be found on the internet, But the main thing is , He is invested in Boo and i believe has a right to post, But someone who isn't invested in a company and is attacking a share with negative posts is totally wrong in my opinion.
The sad part about the stock market , People do loose their life savings and have decided to call LIFE a day and no longer here, Honestly is does happen , So think about the other 1000s of Private investors before taking your anger out on one poster who might be winding you up and if you do have a issue , Their is a report button and you can summit a report.
You have to remember, A lot of private investors have been buying in the 300s up to 400s and now the SP is less than half what they paid, These people who you say that your trying to protect from buying at today's price can do their own research, Its the unlucky one's that are at a big paper loss and you have to think what all this negative stuff is doing to their mental health, It will be bad enough watching the SP drop without reading Negative comments .
I would honestly think twice about what your doing , I would hate to have had an effect on someone loosing their life
Sooner Boo is out of aim the better, great to see that Boo is treating you well streets. Regards dividends, 2 ways to look at it, either invested in the future and keep ahead of the market or give something back to the share holders.
You pay your money and take your chance. I am long term, don't bother trading share's, boo has been good to me over the last 3 year's. I try and buy low and I sell at what I feel is a good price and if that takes a year, so be it
Streets, There was a book that I read about aim and what goes on in the pub, it's all about the rich getting richer and they do that by spread betting and shorting. Aim and other markets are open to manipulation, even going has far has people working at the broker's with insight of what is going to be released in the way of news and using a 3rd person to run a trading account to buy or sell on the rns and also planting people on social media to deramp. It's why I hate the aim market so much. The only way to win is not to worry about the short term and think about the future. All the best
GCSE maths Its Math
Only numbers that i am interested in are the ones in my investments!!!!! and how many degrees it will be on my next winter holiday
Hmmm, I quite agree with this tweet ;)
"Marshal Wace closed its short position in @boohoo , Director buy or US investment giant T. Rowe had another topup? "
21-Oct-21 13:07:15 200.019 5,073,000 Buy* 196.50 196.70 £10m
https://twitter.com/JohnAnderson_10/status/1451162648444276737
So how comes the SP hit all time highs during lockdowns
I must be reading those buys and sells wrong
Day to day pricing does not bother me , In fact, When its cheap i buy, Long term, This will bag just like it bagged last year after the drops when the fearful where selling.
Long term, Its rare you loose, But traders loose all the time, Its just they don't tell you, They only tell you when they are gaining