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You gents will probably do well entering at these levels, but longer term holders such as me should've stop-lossed this one and bought back in later. That's mathematically indisputable.
Ah, hindsight...

Share price has risen 25% over the past 2 days... can anyone see a specific reason?

....and they're saying "feed me your shares"... so I did.
Good luck people!

Unpleasant reading for Boohoo shareholders, but if they are preparing Shein for IPO then it may be close to its apex.

They might even go backwards.

If they're a ticking time bomb, that suggests they *will* IPO, lol!

Guys, it's not about broker downgrades.
What's interesting about the article is what it says about fast fashion valuations and the IPO market.
Put it this way, why would Shein want to be subject to the vagaries and scrutiny of the public markets when they can find private equity finance that's prepared to value it at a whopping £52bn?
Unless, that is, they've worked out the long term future direction of the company (and possibly the industry) and want to exit very soon and at the fattest profit via IPO... The £52bn valuation is way higher than it would be if it was public fast fashion company, as the drop in valuation over the past 10 months from £81bn, compared to the much bigger drop for Asos or Boohoo over the same period, would attest. Investors in the current Shein fundraise may know this but are confident (with good reason) of getting their money back and more via the gullibility of investors at imminent IPO.
Put it another way, We may be close to 'peak Shein' and the PE boys know it. I for one will be fascinated to see if they can get the IPO done and at what valuation.
I'll say this: I prefer my prospects holding Boohoo shares at 42p than investing in Shein at IPO at anything like a valuation of £52bn+ !!

Sorry, now under a different thread heading.
Interesting. Shein was valued at £81 billion at the April 2022 fundraise. The proposed fundraise would value the company at £52 billion, so a meaningful reduction in 10 months.... albeit nothing like the valuation drop that Boohoo has suffered in the same period.
Are the Kamanis looking at that disparity and thinking private markets are better for Boohoo? On the other hand, can you really trust these private equity valuations? I suppose you can if those clever private equity boys are able to exit at supernormal profits at IPO as gullible investors gobble up the shares.
Talking of which, the article ends "Shein expects to launch an IPO this year in the US - its largest market". So, given the logic above, it's likely the valuation should be much lower than £52 billion.
Whatever, that is one IPO I'd be steering well clear of. In fact, I'd be v surprised if they think they can pull it off in this market.
https://www.theindustry.fashion/shein-looks-to-raise-funds-that-would-reduce-valuation-by-almost-30bn/#:~:text=Fast%2Dfashion%20giant%20Shein%20is,a%20third%20from%20its%20peak.

Interesting. Shein was valued at £81 billion at the April 2022 fundraise. The proposed fundraise would value the company at £52 billion, so a meaningful reduction in 10 months.... albeit nothing like the valuation drop that Boohoo has suffered in the same period.
Are the Kamanis looking at that disparity and thinking private markets are better for Boohoo? On the other hand, can you really trust these private equity valuations? I suppose you can if those clever private equity boys are able to exit at supernormal profits at IPO as gullible investors gobble up the shares.
Talking of which, the article ends "Shein expects to launch an IPO this year in the US - its largest market". So, given the logic above, it's likely the valuation should be much lower than £52 billion.
Whatever, that is one IPO I'd be steering well clear of. In fact, I'd be v surprised if they think they can pull it off in this market.

Not sure it's Waite - he said in a recent Vox video that he thought it looked a good prospect from here.
But it's crazy that none of us can find the reason for a damn near 30% drop in a week, or, if the reason is a seller, who this seller is. Unless it's a load of PIs following Waite - does he have a big following? I doubt it.
I've only been a shareholder for a few hours and am already infuriated. Didn't take long!

Or to put it another way, the price would've needed to be 21p for that "100%" statement to be true... which it has never been... so, yes, speculative.
RBC clearly hate the stock.
But it's tiring reading the never-ending negativity.
One day Rodney, one day...

In a separate note, RBC also downgraded Boohoo to 'underperform' from 'sector perform', keeping the price target at 35p.
"We expect BOO's less competitive service internationally to weigh on its top-line recovery mid-term while benefits from a new US warehouse might deliver later and less than expected," it said.
"Meanwhile, limited scope for price increases, ongoing elevated marketing spend and inefficiencies from a new distribution centre (DC) are likely to weigh on a margin recovery."
RBC said these factors mean its EBITDA forecasts are 21% to 28% below consensus.
"Following the stock's recent more than 100% re-rating, we view valuation as demanding, considering risks of further earnings disappointment."
Bit of a downer on an otherwise very good day on the markets for me.
What to do about Boohoo? Every damn time there seems to be a positive shift, it gets crushed.
The gent who said he felt trapped here, hit the nail on the head for many of us.

Chairwoman's purchase of 50k shares at 38.5p a month ago looks well timed...

"It's been a long time coming". A lifetime's worth... well, two and a half years in my case... and I'm finally breaking even!
Not selling now, not after all this time.
If they're controlling costs - esp labour costs - things might be looking up for Costain.

Thanks... and do you reckon we'll get a TR1 revealing the identity of the ultimate seller soon? I see several main board directors have substantial holdings (good) - I hope it's not one of those.

forgive me, what does that mean K3?

No... which says something.

I get your point about the directors' share sale Radium, but isn't it a bit more nuanced?
I mean, they sold to satisfy a tax liability arising out of getting a bunch of shares for free in their LTIP. I think they sold about £400K worth, presumably still leaving 'skin in the game'.
I can't actually find a list of these 3 directors' remaining individual holdings. Can anybody enlighten us?

2.8p to buy!
The proverbial falling knife - ouch!
So, is a big seller still unloading then? Where's the TR1?
Were the results so bad as to warrant an 11% drop this morning on top of yesterday's 10%?? Why is sentiment so poor?
Answers on a post card please...
Gone from feeling like a smart fellow to feeling like a complete d*ck... gotta love investing on AIM!

It seems I was too early out of SPEC and too early in here (2.975p paid)... story of my life.
Never mind - still a rare good day.