Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
So yet more money and now no mention of these detailed discussions from a few months back for the last chunk of money. This company has no transparency with shareholders in my opinion. They just keep taking your cash......what exactly keeps being funded here?
Last couple of sessions haven’t be so kind. I wonder if the news was not received as hoped, or whether it’s simply a breather
It’s a really interesting debate - and I always try and look at both sides. I have previously admitted to being a LTH from 28p. I added at £2.19 in the week and then sold just a few of the extra at £2.90. I also posted recently that I expected there to be more stories, so am not surprised by anything this weekend and it’s partly why I sold some. I agree that there will be a need to put this right if there is firm evidence of wrong doing - but I am trying to compare with other companies who have been subject to media speculation, sometimes justified and other times not, such as Facebook. FBs stock went down on poor media to Mid 100s and it’s now about $250. So, the market can still move forward from issues provided the company puts right any wrongs. I believe Boo will come through this - and agree that they will be ensuring their supply chain is absolutely robust for their future. In reality, nobody can be 100% sure, but for now I am comfortable with what I have invested but will be watching closely.
SP dropping day by day. Will sit it out but not good to watch!
As a LTH I am surprised by the scale of the price rise this morning. Yes, I added at £2.19 yesterday, but I was expecting the news to run for a while. I cannot work out whether this is shorts closing, or a genuine belief that Boohoo will be able to clear their name and then support the supply chain moving forward, ensuring that any such malpractice is prevented in the future, and a belief that news is behind them. What’s the views?
Are you for real. I am holder. I do not want the price to go down! That does not mean I can only see the positives! It's called being transparent with your opinions. This needs to be thoroughly investigated. There will be more news. All IMO.
Yes, we need successful businesses. However, success does not come before basic human rights. Now, I am not saying Boohoo is guilty of knowingly having involvement, but that is what will be investigated now. Either way, the treatment of humans in this way (based on the media reports) is not ok by any company, successful or otherwise, British or otherwise.
I maintain what I posted last night. I am a holder and have been since 28p. Personally I don't think it's the end of the story - it rarely is. the sharks will be circling. I expect it to get worse before it gets better with the news. Some may have an element of truth, other stories will just be related and not connected to Boohoo. First and foremost, whoever is involved, this story, if true, simply cannot be allowed to happen.
My concern here, as a holder, is that journalists are smelling blood.....like sharks. One cut and they gather....they will be sniffing around everywhere for more news. I would not be surprised to see a Panorama production next. Still think it could be bumpy for a while. I think Boo will come through, but not ready to call up or down yet. AMM IMO.
All good advise here. You have regrettably picked one of the most unpredictable cycles to invest in. An additional challenge right now is that many, many firms are cancelling dividends and raising cash - just to be 100% sure they can whether any steep downturn over the next 6-12 months. Even those companies where people are saying ‘but they don’t need cash’. A diversified holding will help a little, healthcare, technology, food retail etc, but it’s a tough time to be picking winners. I suspect most on here, me included, would be able to share war stories of losses....and as annoying as it is, I certainly learnt from it. Many years ago had all my shares in one company, and I also worked for them, and I had more through a sharesave etc etc......and they went down 99%....I learnt a lot! I also learnt that a good advisor can be worth every penny.
Magic...$27.
Yup, it just needs the next news to stay above $26 as it does seem to retrace from the 26s every time.
An unprecedented level of enquiries.....and determined to deliver near term value. Must be time for more cash.
Yup, arrogance can be a very expensive characteristic. Ask Gerald Ratner.
Yup, buy from administration - much cheaper! That said, still interested on seeing how to make these profitable. The world of shopping has changed in a big, big way.
Yup. Was at 13:43 when the RNS came out.
Was your comment tongue in cheek.....off shopping!. It’s like saying you will go on holiday to get over the Flybe issue...Lol.