Member Info for therealelogo

53.76 i think? correct me if im wrong. i hate when google does that stupid jump at the end of the day but i think thats UT’s they are trying to reconcile. i use freetrade broker and theyve started doing it too but LSE shows 53.76 so id go by that

but youre shorting anyway arent you bull? so of course youd be saying its a sell, thats how you make money. other people sell, price goes down, you make profit? or am i missing something. did you turn long in the last month?

id expect minimal impact to be honest. nothings available for home delivery, select stores only, delivered to stores - to me you might as well just go shop there anyways if youre just going there to collect. seems a bit pointless imo

but we were promised 20p incoming! :( damn, you dont think the derampers got it wrong do you?

why 14p exactly, whats the reasoning for 14p?

its not boo specific, look at asos and frasers, dipped at the same time. boo looks worse but been down further all day anyway

exactly, a 13% growth in revenue post a global pandemic. fira you cant focus just on the bottom line, all headwinds aside, they are still investing for thier future which in turn should prove to boost profit growth in the future. this is very much still a growth stock

how the hell can we be ex growth, they havent even begun thier US operations yet, the DC isnt up and running. unless you think expanding into the US will decrease sales??

nobody mentioned shorters

i get what you’re saying. maybe it was, maybe it wasn’t. the market was factoring in a company with a history of growth, buying failing companies and turning them around. expanding into new terratories and looking at where the company was heading. 400p+ was a combination of covid hype in the stock market and assuming the growth would continue. as we now know this wasnt the case, it posted its first annual loss. but to flip from that view to “you are no longer worth any more than your underlying assets” and taking that view one step further “you are worth only what your assets would be if we sold them quickly, with a little premium on top” is bonkers. it just isnt justifiable. I get there is uncertainty with the cost of living etc etc, but come on…..really?? after 1 bad year that the whole world practiacally posted bad results in this is wherr we are now?

a fire sale would only be needed if boo was in financial trouble and needed quickly saving - this doesnt apply to them. and you cant just discount thier intangible assets, they still hold value. maybe not all, but things like brands and trademarks people will still pay to own.
this only makes sense if the market was expecting boo to go bust and have to flog its assets - as such the company is worth no more than that, even if we discount it and add a premium for them, it doesnt seem as though ANY clothing sales/profits are included in the current price - again, they made a loss in 1 year, for the first time - does that justify completely rubbing out and future gains. is this simply written off as a company that will never get back to profit?? it just doesnt make any sense

current assets as per the last tu £537m in assets
https://www.hl.co.uk/shares/shares-search-results/b/boohoo-group-ordinary-1p/financial-statements-and-reports
current valuation of company as per the share price is £501m ?? how is this even possible, and thats just the price you’d get for selling the buildings, machinery etc not even taking into account the 2b worth of sales which has the abilty to double being set up for with warehouses etc. they made a slight loss in a tough year, a lot of companies did. but how the hell can this be justified? what am i missing??

ah fair enough. i see how thats worked now

i have a screenshot from shorttracker on froday showing 8.2% by 10 funds, its now showing as 9 funds and 7.7%, could be rounding to .5 but one def shorted then closed today. first time i’d seen 10 funds on friday so im assuming they opened then

there was a short of 0.5% closed but no clue who it was, they appeared on friday and seemingly closed since then

just recieved this email from freetrade in case anybody else uses them. Bit short notice from them but whatever. I was going to just leave them in my account but now im not sure…

We previously noted that you'd reached out regarding Evraz Plc, and that you may be interested in converting your electronic shares into physical certificated form.
After consulting internally I'm pleased to confirm that we can carry out this request, should you still wish to proceed. If you do, please reply to confirm before 1pm on 9 August 2022.
Following this we'll forward your request to the relevant parties and have certificated shares issued to you, in your own name.
You should be aware that where you currently hold these shares in an ISA that the transfer to physical form will remove them from the account and that they'll no longer be within a tax-wrapper account.

well im sure the guys at FT will at least have a chuckle at my stupid email lol. im still fairly new to trading so pardon my ignorance. The rest of my previous reply stands true still, we are kinda just stuck with them until the sanctions get lifted I guess

I’ve emailed freetrade again in light of todays rns. My understanding is they are going to keep our shares together in thier own name but keeping a record of who owns what, so that should we recieve a divi, it would go straight to FT and they would divvy it out to us. However I dont know if they are filling in the form attached to todays rns or we are still expected to. I’ll update with thier reply

this is the reply i got from freetrade in case anyone else uses them and was wondering. mine are held in an isa

“Our Corporate Actions team has confirmed that it is our intention to withdraw the stock from CREST, after which this will be held in certificated form in the Name of Freetrade Nominees Limited.
We will hold the certificate and review Evraz's notices to decide what the next best course of action is.”

at least its better than loosing them entirely?

whitehaven then? ;)