Member Info for WolfofWarks

I fancied a punt on this but IG won’t let me buy.

Yeah shein wouldn’t be able to supply by sea in ten days that’s for sure

Todays drop is on a fat fine from the regulators:

Online gambling firm 888 has been fined £9.4 million for social responsibility and money laundering failings.
The Gambling Commission said 888 UK Limited, which operates 78 websites including 888.com, had also received an official warning and would undergo extensive independent auditing.
The fine – one of the largest imposed by the regulator to date – is the second enforcement action for the 888 group. In 2017 they paid a £7.8 million penalty package for failing vulnerable customers.
The commission said 888 had failed to effectively identify players at risk of harm because their policies only required financial checks after a customer had deposited £40,000.
The operator also failed to contact a customer who lost £37,000 over six weeks during the pandemic and gave another customer they knew was an NHS worker earning £1,400 a month a monthly deposit cap of £1,300.
Money laundering failures included allowing customers to deposit £40,000 before carrying out source of funds (SOF) checks and accepting verbal assurances from customers as to their income.
One customers was allowed to spend £65,835 in just five months without an SOF check.
Gambling Commission chief executive Andrew Rhodes said: “The circumstances of the last enforcement action may be different but both cases involve failing consumers – and this is something that is not acceptable.
“Today’s fine is one of our largest to date, and all should be clear that if there is a repeat of the failures at 888 then we have to seriously consider the suitability of the operator to uphold the licensing objectives and keep gambling safe and crime-free.
“Consumers in Britain deserve to know that when they gamble, they are participating in a leisure activity where operators play their part in keeping them safe and are carrying out checks to ensure money is crime-free.”

Attributing today’s SP to anything relating to the slave scandals is ludicrous as the SP reached It’s ALT during the aftermath.

Simply facts are we are dropping back from pandemic boost, supply chain constraints, problematic overseas supply to customers and the macro doesn’t support companies where the but meaty profits lie in the future.

All temporary factors.

I’ve got an average of £1.42 so would be looking at £0.71. So a bit of good news and a triple bag from here might not be out of the question if everything was to go our way.

I have managed to trade some of the fabulous dips that SNG has given us.

I came back into this on the vaccine dip in Nov-20 on the vaccine dip and have built up a position ever since. So it's fair to say this week has been a smack in the chops as I was convinced RM and the team were confidently quietly going on about their business and this was going to be the COVID stock to deliver. So after the drop rather than cash out and rescue what I could I decided to leave it in my portfolio as a reminder of how risky small caps are.

Since them Polygon have obviously been buying and my attitude is changing to the point where I almost pressed buy and doubled down on Friday. Now I don't expect to ever get my money back but what do we think of this as a tactic in order to recoup some of the losses, after all it's not actually over yet and COVID will be around now for a very long time, just not in pandemic mode.

Not too sure if it’s been discussed this week as I’ve not really been on but ted baker had a very good update.

Just goes to show the idea that the mid market is dying and everyone is running for Primark is utter nonsense.

I cashed out of a third of my portfolio on Monday and got rid of most growthy shares including Ted. Completely forgot the results were this week so was kicking myself when I saw that it was up 15% this morning.

I remember that. That stopped what was a bit of a free fall at the time. Can’t remember what it was that caused the drop, probably another guardian article or the auditors resigning.

Whoever is complaining is not our target demographic.

They probably more like to me that fat ice skating bird off the tampax adverts.

The chip shortage is expected to continue through to the end of 2023. Orders placed are now 12 months with most manufacturers. Model 3s are now pushed back to aug/sep.

That’s interesting stuff Dan

Is Peepee still doing his gcses?

PP1 - this is what happens when economic headwinds build up at the same time. It’s the same for every company that is tangled up in them. We’ve flipped flopped economically for pretty much twelve months.

Lock down, no lock down, you can go on holiday, actually you can’t, inflation’s transitory, no actually it isn’t, interest rates are staying low, no actually they’re going up.

Add into that energy increases, supply chain bottlenecks, semi conductor shortage, etc, etc. Anyone who tells you they know what is going to happen in the next twelve months is frankly talking out of their arse.

Guidance is just that. It’s an expectation of what might happen given everything that is known at that particular time. It is not looking into a crystal ball.

Surely it’s because they are on two separate independent markets.

It’s not boohoo centric though PP1. You’re just cluttering up the board with rubbish.

At least Kallu has a bit of intelligence.

Boohoo is still cheap though and Shein has a long lead time so we still have an advantage.

Express shipping on Shein currently showing delivery for 24/02/22 to 26/02/22.

“ In 2017 Boohoo was growing more than 100% in UK with loads of growth in USA, Europe and Rest of World. In 2017 margins were more than 10%”

Jesus Christ PP1!!

As you get bigger you have a bigger slice of the pie so your growth slows. But that slower growth is worth more when you were growing at 100%. It’s pretty basic maths.

£200 vs £ 100 = £100 - 100% growth

£1300 vs £1000 = £300 - 30% growth

Yep I was 30 by the time I finished my education.

PP1 - so do you just think they put their finger in the air?

They’ll have hundreds of analysts and experts on allocating capital.