Member Info for Wibblewobble1

Just 12 days to go

The company burnt through nearly £300 million last year.....survival isnt guaranteed

You have had the patience to follow it from £4 to 40p so only a little bit more to 14p......not far to go

They are simply stating what everyone thinks.....the company may or may not survive and better options elsewhere

Hope boo havent bought in too much autumn/winter stock, its going to be brutal

No telling how low boo will go, 14p still on the cards i reckon.....asos has now lost its support and heading down as will boo on the 28th

Asos lost support and at fresh lows

20-30% drop easily

https://www.theguardian.com/fashion/2022/sep/14/zaras-owner-reports-surging-sales-despite-cost-of-living-pressures

https://www.theguardian.com/business/2022/sep/09/asos-sales-weaker-than-expected-as-cost-of-living-crisis-bites

Given the outlook over the next 18 months it isnt a case of when will the boo sp go up but more a case of how low will it go to find bottom. Boo, Asc, Zalando se, all in the same business and all dragging near all time lows. Zalando even published half year results which werent bad and gave positive full year guidance but sp was punished......i suppose as companies yet to show a sustainable profit record and ex growth the suspicions are understandable but makes you wonder what positive results boo has to give to stop the 90% fall continuing.

Alternatively they will drop it till they find buyers....after all they are running a market

Is that because online clothes retailers are oh so profitable ?

Alternatively inflation means consumers have less to spend on clothes, certainly less on clothes you wear only 5 times and look to trade down to second hand which is oh so trendy

Is that 5% lower than the 22% BOE inflation forecast.....whoopee doo

Energy costs 100% increase on last year , inflation will still run at 10%+ and BOE reckons at least 15 month recession.....so consumers still under the cosh.

High street has already died, just stragglers left...my wife went into bournemouth at the weekend to buy a handbag, she couldnt find a single shop that sold them.

Squeeze on margins

But was a good opportunity for the wise to exit

Why do you think he is scrambling to reassure the markets...duh