Member Info for Wibblewobble1

14p doesnt deem so distant now....

Yeah but cine not so well

Last week 40p was meant to be the support level, now its 37p....tommorow?....and we havent even begun the big slide to full year results

Recession ends tommorow?

You are right, its doomed

Why?.....it barely turns a profit and is burning through cash

As the same faces have shorted boo, asos and zalando, they have made out like bandits

And still wildly overpriced

It was more this from the motley article that was interesting
'Analysts at UBS seem aligned with me regarding the sector’s challenges over the long run. The bank has forecast revenue declines of up to 30% over the next five years for the sector.'

https://www.fool.co.uk/2022/09/24/the-boohoo-share-price-is-down-60-is-fast-fashion-dead/

But its where we are at and the company is the most shorted stock on the market.

So much to expect a balanced well thought out and economically coherent budget.....the bloody clueless donkeys are in charge

Was it worth 400p at the peak...no.. but a price is the reflection of what someone is willing to pay, nothing else.

Only tangible assets at £394m worth counting and then apply a 20% minimum discount for fire sale redemption......so price in reality is double asset cover. Even then companies can trade far below asset value and where asset stripping comes in

The markets have absolutely no confidence in the online clothes retailers....all being priced to fail

A few more days to go

The pound continuing to tumble is a tad worrying

Just a week to go till the big drop

Not long till 28th and it looks very weak in the leadup....not a good sign

Bless you, still clinging on to hope that everything will be ok....i have my fingers crossed for you but sadly it wont be enough
90% fall from £4 to 41p yet 14p is impossible ?.....so naive :)