Member Info for Trader258

Very strange opening so far... any ounce of good news and this stock will rocket- come on FT, release another positive article

Short term I see volatility, perhaps even re-testing the 200 lows, need a firm statement from Boohoo to provide investors with much needed re-assurance. The decision to cut ties with X,Y,Z, plans to go from 40/60 to 100 overseas etc etc.

Finally some sense, these are 16-24-year-olds- not young professionals

Another case of knowing nothing about the business or target audience- if you think students or 16-24 year olds are going to stop going out or buying clothes from the cheapest online retailer (by a country mile) then you need a pint of cop yourself on

fake news, even if this was real they would be probing the outsourced supplier not Boohoo, unless of course they can prove Boohoo went into business with the supplier knowing this was the case- which will be v v hard to prove.

It seems as though the leverage used was that some employees were claiming benefits and thus were happy to work for X and if they were earning above Y the universal credit benefit would not apply

Sub £2- that would take some pretty damning claims, given how reactive this stock currently is any sort of positive newsflow will equally send this stock flying.

Knowbodyyyouknow- agreed. They have revolutionised retail clothing, given the prices people are now buying outfits per occasion..

Way too many people commenting on a business they clearly do not know and a generation they clearly do not understand either- someone yesterday claimed 'youngsters will be boycotting' ludicrous claims, unfortunately, the bulk of the 16-24 year olds will not care, they will continue getting their fashion fix at low prices and continue contributing to the fastest-growing retail business in years.

This is one of many suppliers.. besides, the below is nothing good old fashioned outsourcing wouldn't fix

Need a public statement denouncing the supplier and reiterating their decision to drop them.

the' fundamentals' will speak for themselves in September and send this back to where it belongs >350

Clearly live up to your name..

just on your point, Boohoo have been running for a number of years now and it has taken X amount of years for a specific negative piece of press to come out in relation to factory conditions etc, with the exception of the usual negative press toward fast fashion in the general sense

Sorry i missed this, what has been the net net of the conversation on BOO?

Couldnt have said it any better myself. Massive opportunity next week to get IN this stock on the cheap or to top up

close out*

Another great opportunity Monday to get this stock on the cheap, Q2 results day everyone will come to the realisation that, rather sadly, none of their customer base in the broad sense, care about the factory owners using part time loopholes to pay below the FT minimum wage and in general this negative factory condition press, the results will be stellar (I'm predicting the best results yet) and fundamentals will kick in and drive this stock back to where it belongs >350. The average retail investors whom basing off HLs platform traded volume, most traded stock etc will equally not care about poor factory conditions 6 months down the line, yes we may see some funds close at their positions when ESG questions start to kick in but, this stock has arguably been the biggest contributor to every UK Value fund for the past 5/6 year it would take due process and conclusive claims. Hoping to top up @ 250 and anything below that would be Christmas come early.

September

Max downside in the near term 10/15% IMO and again that would take a pretty hefty news story, not a tabloid desperate to avoid defamation

Two regulatory bodies have effectively cleared them, having carried out various inspections- if anything, this is another fantastic opportunity to pick up this stock sub 300 before it tanks up as q2 results day looms closer.