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You've missed the point. It's not about how interest rates affect debt, it's about how interest rates affect the discount rate that is used in classical NPV calculations of a company's value. I mean if the discount increases, the NPV of future income streams is lower. Perhaps I wasn't clear enough.

Yes, but it was, that's the point.

Also agree with what's been said - I can't see inflation/cost of living in itself being a huge problem for Boohoo.

Interest rates though. If Boohoo was/is considered a 'growth' company with big future profits factored in, and then those future profits are reassessed downwards and are coupled with a meaningful increase in the discount rate, the valuation is going to take a big hit. I think that what's happened here.

Yes Peoplepower1, he's good at honestly assessing his mistakes and being publicly open about it. I'll give him that. I like that modesty - surely will make him a better investor.

It was funny when he said he thought the piworld Stockslam event was just a bunch of incoherent random companies getting a 3-minute pitch. Of course it is, that's the whole point - a dozen or so random, distinctly different PIs, pitching a bunch of random, distinctly different companies - it was never meant to be a coherent portfolio!

We can afford to wait alex1621, because we're not taking leveraged bets and we have a bit of diversification in our portfolio (I'm presuming). What surprised me in the video is that Scott admits to buying on margin even recently. One would've thought he'd have learned from his own honest assessment of what happened to him in 2008, as you say.

Much the same Knowbody, I don't need the cash now and can wait years (although I'd rather not!) for my investment in Boohoo to turn positive. I also happen to suffer from that behavioural impediment called 'loss aversion', which, in situations like this, can help me to stay 'loyal', as there's little to no chance I will panic sell now.

What I'd like to learn from my experience with Boohoo (and a few other shares recently), is that instead of topping up when the share price falls, say, 20% (and again and again, if it keeps falling), I should set an informal stop-loss at around -20%, with a view to buying the shares back at a significantly lower price. That would've been the better strategy on almost every occasion this winter.

Cliche as it is, we really do learn the most from our mistakes - especially the expensive ones - not our 'wins'.

Thank you Mr alex1621, appreciate you saving me having to trawl through the video.

I do like that both Hill and Scott have come clean about their losses on Boohoo (having been so bullish last year) and have made some attempt at explaining where they went wrong. A few brownie points for that.

Alex1621, facts are important. As I said, Scott "has turned a bit bearish on Boohoo. Says he's sold a few despite facing a 'six-figure loss'. Reckons there may be worse to come at the next trading update". Re-listen to the podcast, anything not factual in my post?

I see that even arch ramper Paul Scott has turned a bit bearish on Boohoo. Says he's sold a few despite facing a 'six-figure loss'. Reckons there may be worse to come at the next trading update.
https://www.youtube.com/watch?v=HSIlJ617GXU

* I should say reputed to be doing over at THG

Radcliffe was handsomely rewarded by way of an overpriced IPO. He's not going to take it private again within months using a fraction of the money he's received. That would look well dodgy.

On the other hand, better not to be too definitive as this little wheeze is pretty similar to what Mr M. Moulding is doing over at THG, the only difference being that Moulding needs PE money to bankroll it.
It's a mad, bad world out there...

Don't assume anything. Especially in the way of good news.
This is loopy Loop after all...
Remarkable value destruction here.

More of a plunge really. Must be a reason for this...

Lombard Odier again. Their holding in Accrol goes up and down faster than a fiddler's elbow. Today it's up.

When are we due a Trading Update? I see there was one on 8th February last year.

And, in that update, will they announce another capital raise/placing? How long will the October money last them?

Questions, questions...

This is beyond a 'be brave when others are fearful' situation. Nobody, not even the most optimistically minded, can bring themselves to buy anymore, and on the supply side the balance of shares are either tightly held or in the hands of a few die-hard PIs, therefore the share price continues a gradual but inexorable decline. maybe not so gradual either. I agree with others who have said that only genuinely good news - operational or financial - can rescue this.

Get in there Scad, unleash that warchest! you an investing legend...

Chill convb, many of us are not the investing legend that you are. Maybe we didn't buy this share so cheap that the divi will yield "30%", or buy it so plentifully that future income from this share will be in "6 figures"....

It's ok that you feel the need to show off about your trading prowess, but it makes your opinion of limited relevance. I won't talk about credibility.

For many of the rest of us - I mean those who are not as masterful as you obviously - a 50-60% return in a few months is satisfactory.

I have stats which unfortunately only go back to April 2018 and it's fair to say that performance has been dreadful over that period. In fact the share price hasn't come back from the depths of the pandemic in March 2020. That is until last month's sudden and v unexpected rise.

It does seem an interesting proposition on an apparently v attractive discount but what's stopped me so far is how weird and inscrutable this trust is... even for the standards of PE.

I'd love to understand better the reasons for the poor performance and massive discount.