Member Info for wyndrum

Why then Peace has Next ASOS and Zalando all dropped Boo over the last few days? These companies make money out of supplying Boo products. Why would they do that if they thought Boo were just duped by some suppliers?
Next are now launching tier own investigation into Boo.

Peace, it is to do with Boo hoo. to pretend otherwise is ignoring the facts. Read the report.

Maybe Razor, just maybe, there are criminal acts going on? Boo are trying to distance themselves from this but their own report, said Boo gave cause for concern. Until that is brought out into the open to explain exactly what that meant then its going to presumably rumble on as the press and now MP's are not letting this go.

Oh god...You can't even count...

ok Abdalian but thats not what you said, you said its only heading in one direction. And as you said you had a long term investment it suggests you expect it to go up, (well actually you are certain it will go up). To what, by when?
(I am trying to help here.)

Maybe KK, but I don't see this currently as a "balanced" issue. You either think there is no more bad news to come out or you do. And no one here seems to know. so its bit more of a crap shoot than normal, but in any event I don't think it can be discussed under "usual" investment criteria

PP, really, try this then: Have another stab at the post using the English language.

Well Abdalian, it would interest me to know what your initial investment was in terms of money, but obviously you don't need to divulge that but depending on your response it would me to gauge if you likely could have moved the SP. But here's another thing: "have a large investment in boohoo and will not be selling whether they go up or down in the short term as doesn't really matter to me as in the long run it is only heading in one direction"
How do you know its only in one direction?
If you learn anything you know shares can move in either direction and that you can't know when the turning point comes. Again your "certainty" about unpredictable outcomes shows an inexperience that is likely to cost you dearly in this game.

maybe KK, it just seems that until the slave labour story is resolved then the fundamentals are not the issue and as a result will have no effect on the SP. They (the fundamentals) can point to what they like but if it turns out its based on illegal practises then its irrelevant, is it not?

Abdalian "I can see how new inexperienced investors can get easily swayed.....and if enough do then obviously can affect the SP"

No its not remotely "obvious" that the SP would be affected. Typically new inexperienced investors don't have enough money to move a share, not even if they all clubbed together, contacted each other and put a buy (or sell) order in at the same time.
You don't seem to have learned a lot in 6 months. However if you still go to BB's for advice that would account for it. (Sorry if it sounds harsh but as usual I daily am amazed at many posters here naivety when it comes to placing bets that must start at least with many £100's if not thousands, of presumably, hard earned cash)

Sorry KK, I am doing my best to keep up but I thought you were out of boo because you were concerned about possible further revelations?
Are you back in now as you seem very gung ho again?
(Sorry if we have already done this but I missed it.)

All that is true KK, but its not about fundamentals, is it?

Dean, again I simply don't understand why its all so emotionally personal here. Haters?
You either take a view that Boo might be more implicated than is currently reported in which case should that news come out the SP would most fall or you don't and you think its all out there in which case this could be a very good entry point long term.
The thing is, neither view is known, either view could be correct. We simply don't know yet and weon't know until its too late to immediately profit from it.
I would say, given the dislike of shorters here, that companies don't just short a stock for nothing. They always have their reasons. You don't just arbitarally short Boo, a fast moving highly profitable growth stock on a whim. Or, if you think that is what does happen then I believe you are mistaken.
As I say there is no right wrong answer on this, because we don't know. You just have to take a view, but as I said previously over the weekend. We don't have to buy this stock, no one has a gun at our heads.
If you are confident this is all worked up between Mp's, the govt, the press and shorters then fine, if you are worried that there might be more to it then sell and protect your capital. That's all there is to it.

Steve, I have no idea what the devastating news would look like to affect the SP, after all it halved on the suggestion that boo was involved . it was you that raised it so hence I asked the question. So you have no idea either?

Hi steve, (its not you, you just raise interesting points), you said "What has happened, in case you missed it, is everything was layed bare. For a news piece to affect the share price in the next 12 months, it would have to be truly devastating."

Did Boo need to do their own independent investigation? The answer is no, they did not have to. So why did they? Presumably to have some sort of input control over the next bit of the story, which again, if there was nothing to it, why spend all the money commissioning one? what were they afraid of?
My deduction therefore is they did know something was going on. Apparently and I have never bothered with investigating this so happy to be corrected, but I have read that is a very complex set up of companies sharing family directors.
Finally you that it would have to be devastating news to affect the SP over the next 12 months? What sort of news do you think it would have to be?

Steve, you said "Most people think of it to say that the markets are irrational, where actually it is the application of 1000's of investors and data points and in fact is very rational" Does that mean the market was rational when the news broke and the shares fell and is rational now at 350p ish. Or to put it another way, does the market always accurately value the company at any given time given "where actually it is the application of 1000's of investors and data points and in fact is very rational"

clearly this is something that cant be resolved without the fullness of time. On the one hand boo has a fantastic business. On the other hand is it fantastic because of illegal practises?
This just has to be up to the individual. If you are a holder do you hang on and assume its all out there, or do you think there might be more to come?
As a new investor do you buy now on the belief its all out there and no more bad press in which case this could be a very good entry point.
As I say there is no definitive answer yet but on big stories it does not normally come out in the first article. (Its nowhere near a direct comparison, I only use it as its the first one that springs to mind, but if you look at the Nixon Watergate affair, that took more digging after all the initial denials.)
Its impossible, either boo is being as helpful as possible or they could be covering up. The evidence so far is that boo are being helpful and co-operative, yet the newspapers won't let it go.
I don't know the answer but then I don't have to, as do any of us, to decide what to do. Its just a company we decide to either buy shares in, or not.

Steve, its odd isn't it?, Why would the press keep regurgitating the same news about boo that is now several months old?
Do you really think there is no other current news and that they really are just picking random old news events to fill column inches?
I am as convinced as I can be, given I am trying to join the dots, that boo is more involved than the current official record suggests. The biggest clue is when their own funded report stated that there was cause for concern directly at boo.
It feels to me, that these old press reports being re-printed are keeping the story alive while they validate exactly what this cause for concern is. I reckon they have had a number of verbal confirmations but are having difficulty with getting anyone to go on the record but are digging away in the hope that they will find someone or something that will be effectively be the smoking gun. All conjecture on my part but its very strange nevertheless.
As has been previously posted, many in this industry have been guilty of similar transgressions, but is this one worse, or is it the new BLM climate that makes it seem worse?
Have our sensibilities been heightened since the last, previous stories like this surfaced? The "statues" furore is a good example I think: One day all the statutes are fine, the next they are being ripped down (by a lot of the boo demographic) and councils now are undertaking which ones should legally be removed. Things can change very quickly.
What I do know is that the press don't waste column inches on stories that don't attract and interest their readership.

David, (Law) have you looked at Avacta (AVCT) mass testing, 10 minute response, no machines and no sending away to a lab?
(That's where I have put my Ex-boo money, fwiw). Seems to work, just waiting for the govt to sign it off, but they are as criminally inefficient on this as just about everything else they touch, nevertheless it seems to be days/weeks away now.

ok fair enough. No one even wants to entertain that maybe, just maybe this time around it might not be the same as it was previously. The Zoom parties, the furlough, the whole novelty of being at home, etc, fine.
Any idea anyone, why boo has such a low valuation to Asos?