Member Info for Webba1

all for seeing shorts get fingers singed but Cine is a punt and a half. horrific fundamentals and with more releases delayed and now studios going straight to stream, its a brave man who goes into that market! i can see travel recovering, fearful that cinemas will recover but not sure the big beasts now will ......

Just shifted some funds in. Lots of volume - 50% of ave daily vol already in. This will move around a lot today.

No, less than 1.3% - Sainsbury’s has about 8/9%. There’s a lot of Nasdaq with shorts being closed out bringing some interesting stock movements but don’t see this being a candidate. Try Petrofac for that!

This will inevitably move around more than the likes of Tesco et al. Lot of wider market issues at play with lack of clarity on lockdown, vaccine and support. Fundamentals here are solid for next few years growth. Very strong international story with repairing reputation. Will it drop. Probably. Will it recover - yes I’ve held rather than swing trading this as have a price target of 4.10-4.20 though the add ons that will be bolted to the business will be the real driver for this. Expect some good ‘non core’ brands to be swept up in the retail mess and added to market place alongside own website sales all of this within same operating model. Technicals are interesting but in my view not something I’ll rely on unless I’m looking for a reasonably quick turnaround . Next news due at year end so expecting a slow build to that.

Nice to see Shore capital again reiterating the sell message. Looks like they aren’t a fan of the market place idea.... or anything else since they’ve reiterated the same message about 10 x Over the last 3 months.

Dan, I know now but had to dig that it was Boos FY not the 22 calendar. Thought it was poorly worded as investors would have simply downplayed the acquisition as too far ahead to add value

As always today proves that the press have zero idea and fair play to the Board for keeping powder dry, sticking to principle and not getting drawn into overpriced auctions. There will be stacks of bargains. Adding TS would be interesting but not necessary as clearly the message is build a platform as a multi functional retailer/ reseller all with the same cost base and infrastructure. Fair play. My only -ve from today is the timing- 22 timing was not obvious in RNs if it’s meant to be boo’s FY.

yes mate - special at 51 p price at 240p

sorry and to add- FTSE has lagged the other indexes on the back of Brexit and it's lack of "tech" in the index- the attraction of Boo was it was one of the undervalued shares that i could see as a tech offer with the hope it would get the same attention and sharehold interest as others . the other option is go for solid value shares. i see JDW picking up huge market share if there is a market post this - thats a 2 yr play at least! I also see Tesco paying a decent 20% divi and expect it will recover most of that quickly as it will be a cheap entry when the price hasnt really spiked on the back of it... any way thats my view - please do your own research !!

i agree that there is likely to be a correction, however look at where the "bubble" has been in- it's been in Tech. This has soared and is most likely to be the category that sees a quicker natural correction as people move back more to cyclical stocks energy and banks as the latter begin to be allowed to pay dividends - they're making money so will struggle to not pay divis from Q2 onwards.

as for a wider market correction - without a crystal ball will be many macro factors that drive this. I'm of the view that this will largely depend on your investing timeline. where else you can put your cash and your attitude to risk. I dont see boo as a particularly risky stock. i genuinely feel its had all of the skeletons dragged out of its closet.

Ive just bought some shares in petrofac on the same basis - looked a the support level after the SFO scandal and thought it was worth a punt as more upside than downside. I have the same view of boo and have about 70% of my holding here- was waiting for a 4.10-4.20 target and will then take some gains at that point.
i wont take the money out as think that there are still a number of shares at 10 yr plus lows which although this is unprecedented is an opportunity i dont want to sit and miss. i'll likely go to Lloyds if it gets closer to 30-32p and HSBC at 375-380 . I've still some in BP at 240 ave and have some fun pops - i took a look at Fubo after MCKlondon suggested that and thats gained my 20% over a few days of trading in and out so there's opps but lots of traps as well!!
Good Luck

Sorry Rag, disagree. Debs stuck in the 90’s with poor brands horrific central overheads a tired overall brand and literally no positive link ups. It’s been in dire straits well before covid. There is still in my view a dept store model but the rise of specialist stores and outlets has killed this for the weaker offers. I’m ambivalent on TS. Agree with Dan on the ebitda / valuation piece. Doesn’t fit with ceos targets as a whole though - beauty, men’s and another I can’t recall. See the SP wobbling a little if we don’t buy TS but put simply when you’ve got huge free cash flow and no debt the key role of the board is to find acquisitions. And add them sensibly as they have done thus far.

Tend to agree - this is the lowest it’s been. Shorters dream and at some point will rally. Solid if not exciting fundamentals- can’t see any real growth but fair value should see at least 20% short term

106 was my view as the bottom from a technical point of view- i jumped it then and saw a range up to 170

rag, the duffer reference made me smile and prob shows my age..... agree, former brands. wait till ashley buys it and pops it in next to his other tertiary brands!

alas Superdry consigned to the 40-54 yr old who still thinks he has it..... doesnt work for any demographic spending money on T shirts. i mean good luck but they have neither the fundamentals, brand reinvigoration, online presence or any other plan to re ignite the brand. i'm thinking along the line of FCUK or wrangler... they'll limp along but the time is over

actually having looked at the fundamentals of the business, theres not much to like. this "pipeline" doesnt appear to be growing over the last few years and the "backlog" of work they have on and future revenue looks pretty poor over the last 2 years. not a share that i fancy unless im missing something - maybe worth a dabble

Looked at Petrofac and think i'll have a dabble- my view and this is limited technicals - Support at 106 so could drop that low and resistance seems to be 175. if it continues to drop tomorrow i'll jump in close to the 106, if it goes below i'll hang on to see when it does bounce.
I agree, the news is "old" and this appears sentiment and technical rather than a fundamental business issue. Intrigued by the £46bn pipeline of new business- will see if i can find more on that and win rates.

big plonker - have you read a P&L ? margins of 5 or 6% GP reported at 50+ and Ebitda at 10%

170m.... let’s buy that then as a menswear offer was my view

Naive statement. That returns money and signals the BOD can’t find a better use for it.