Member Info for WolfofWarks

For a man who is having a fun punt DTN is sure angry and hurt. He's getting as bad as PeePer.

'Mike Ashley has lost millions and millions on Boohoo. Do you want to follow him and lose your money too?'

The answer as to whether or not MA has made the correct decision lies waaaayy into the future. He's not a day trader.

Like I said to you earlier you buy shares low and sell them high. That is the way to make money.

You like to buy at the top and short at the bottom, which is why you are hanging round here like a jilted lover.

PeePer - It's amazing how much you hold onto brokers ratings. I'd go as far to say you're obsessed with them. You need to get to the point where you are investing because you're comfortable in your own knowledge and decision making process and not continually acting on what someone else has told you to do.

Surely you don't run areas areas of your life like this, well that's if you have one ... Evidence is flimsy at the moment in that respect.

'And you need to look at the reality.

They've got shares in Next, Mulberry, Hugo Boss, ASOS, Boohoo, AO World, Currys and many more. What do you think the strategic plan is for all of these?

Frasers have already bought a load of acquisitions from JD Sports recently. They're looking to sell Missguided to Shein.

Do some reading and research about Frasers instead of living in some fantasy universe.'

PeePer - If you were doing your research here you would look at Frasers annual report and in particular their digital strategy.

'I worry about you enticing novice investors to buy Boohoo shares.

Sadly 70% of people who buy shares do no or little research into them. So, they're easy fodder for you.'

Is this deliberately ironic? You make shares by buying high and selling low right. The problem is you went mega rampy long at the top and are now probably short and deramping at the bottom.

'Scb - still pulling out old posts of mine on boohoo of over 2 years ago. More desperation on your part.'

I thought SCB was a bit daft doing this at first. But then the more you unwound I 100% get it. It's important that people see what you've been up to and what your agenda is.

'It had to be Mr Desperation to respond. The poster who says he can afford to lose £250,0000. I don't think so. He's on here all day every day reading and then responding to try to keep the share price up. He's already down £100,000. Bought 250,000 Boohoo shares at 50p and can't admit he got it wrong. Ooooops ........

Don't follow NMW1969's advice on here.'

Says the man who lost £600k and is now hanging round here like some jilted lover.

'Boohoo themselves stating they can't see any green shoots for Boohoo so they have no idea if boohoo will ever turnaround.

Anything more boohoo saves on costs will be going into lowering their prices again. Lowering their prices hasn't helped them so now they're going to have to lower them again to see if that will help. '

Where/when have they said this? Lying and misinformation again PeePer?

It will be interesting to see if there is a catch up once people do start buying their autumn clothes. Although with a nice October there could be further delay. I doubt people are buying shorts and t-shirts at the moment that's for sure.

PeePer - this is where you need to learn the difference between profit and cash flow. On an operational basis once you adjust for exceptions and shares bought for the EBT the company is roughly cash flow neutral on an operational basis.

Looks like PeePer might have been on the sauce tonight given by that comment.

Could get interesting!

‘ Mike Ashley is a cowboy. He doesn't have any more insight into Boohoo than you or me. He can lose money too. He's already lost loads of money on the over 10% of shares he has already bought in Boohoo.’

PeePer - you don’t seriously think this do you? Do you think he’s bought Boohoo for a quick trade? If the stock market ended tomorrow you would have a point but it’s not so stop talking boll ocks.

He's probably got some sway in terms of perhaps persuading MA to pursue a digital strategy, because they weren't up to much prior to that.

MA's very shrewd though. He's bought the CBS arena in Coventry recently and covered is head to toe in Frasers adverting.

I remember in 2020 2021 ish he bought around £750k which stopped the rot after one of the slave stories got re-hashed.

DTN - Don't be naive pal, that's his son in law. That's like saying Rupert Murdoch doesn't have the final say at Newscorp.

If he can squeeze three more trades in this month It's £3 a trade next month ....

He's fec ked on his ISA limit and SIPP though ....

I love the image of MA sitting on his iPad on HL or IG worrying about what his average is ....

TFG - Listen mate. Why don't you try and have a day where you don't let them get a rise out of you at every opportunity.

I think it will do you the world of good and they probably won't post as much either.

'There is no love lost between Mike Ashley and Kumani. Kumani will feel uncomfortable with this recent development. After all, they have history and I'm certain that, no matter what his ultimate intentions are, MA will want Kumani to sweat for a while. This all goes back to the Debenhams debacle when MA was basically kept out of trying to rescue, or buy the business. Kumani picked up the Debenham brand name and online business from the Administrators, and MA was left with £150m of worthless shares when it went bust. This is now retribution. MA would find it not only exhilarating, but hilarious to now pick up Boohoo for peanuts.'

Hmmm not so sure about that. MA wanted Debenhams as a bricks and mortar retailer to turn around, not an online market place. He buys parts of companies and holds them without actively participating in the management of them. So I doubt someone of his calibre with his lack of involvement would be operating on some long term grudge.

If anyone wants to know why Frasers are buying up online simply read their annual report.

There is a big section relating to their digital strategy.