Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
mcklondon I couldn't agree more and in fact I have just purchased Boohoo after being out of the market for a a while. Thanks for your wonderful insight into Atlas and twitter for USA trading as I'm having great fun and yes very addictive. The tips for FUBO TV and Clover were amazing and I enjoyed the AMC ride for a while. Any more insights would be gratefully received. Thanks again.
Mcklondon thanks for all your posts which I have read with great interest. Thanks too for your insight and WWR which I did invest in(albeit a little late!). Unfortunately I couldn’t find KeyPharma(KPMH) through Hargreaves, not sure why. Please keep posting your insight on this board or else let me know where else you post? I did set up a Twitter account to follow your tipsters too and now subscribe to Charts. THANK YOU!
Interesting article to lighten the gloom.
https://www.proactiveinvestors.co.uk/companies/news/937581/superdry-dixons-carphone-offer-valuable-prospects-in-new-year-despite-lockdown-woes-says-broker-937581.html
Boohoo founder vows to fix supply chain failings
LONDON (Reuters) - Mahmud Kamani, the co-founder and executive chairman of British online fashion retailer Boohoo, on Wednesday told lawmakers he would fix the group’s supply chain failings.
In September, Boohoo accepted all the recommendations of an independent review which found major failings in its supply chain in England after newspaper allegations about working conditions and low pay, and set out steps to tackle the problems.
Last month the group, which sells own-brand clothing, shoes, accessories and beauty products targeted at 16- to 40-year-olds, appointed retired judge Brian Leveson to independently check its “Agenda for Change” programme.
“We have made some mistakes but over the last 14 years we’ve got more right than wrong and we’ve a very very fast growing business,” Kamani said in evidence to parliament’s Environmental Audit Committee, which is examining fashion sustainability.
“I’m determined to fix whatever’s gone wrong and I understand things have gone wrong because of the fast growing nature of this business,” he said.
Kamani, who along with Carol Kane founded Boohoo in 2006 and listed it on the stock exchange in 2014, said all at the group were “seeking to make a better Boohoo.”
“That’s why we started the Agenda for Change and commissioned Brian Leveson.”
Kamani said “what we are guilty of, if anything” was not developing processes quickly enough to keep up with the group’s growth.
“We recognise in this industry, when we’re dealing with an independent factory who’s not owned by us... some of them don’t play with a straight bat as it were. But we try our best to make good,” he said.
Andrew Reaney, Boohoo’s responsible sourcing and product operations director, told the committee that over the last year the firm had ended relationships with 64 suppliers and factories in Leicester for violating its code of conduct.
Despite its supply chain problems Boohoo has traded strongly through the COVID-19 pandemic.
Its shares closed Wednesday up 3.9% at 300.5 pence, valuing the business at 3.8 billion pounds ($5.1 billion). The stock listed at 50 pence in 2014.
Moving forward, despite the growing pains/negative press, call it what you will, both the fundamentals and prospects for this company to continue to sustainably grow are excellent. Personally for me, investing in shares means allocating money in the expectation of some benefit in the future, which is not necessarily tomorrow or next week, although of course that would be nice. I'm not a day trader and my horizon is maybe 3 years. Remember patience is a virtue.