I've heard on the news about a new free trade deal with Japan. This could be great news for Boohoo it could mean more trade opportunities for Boohoo, perhaps some Japanese style products for the Japanese markets. No tariffs will mean more product range availability as prices will drop in Japan.
Not just British high street shops going bankrupt, also the US market has seen a large number of companies (big names) that have filed for bankruptcies. So even more opportunities for buyouts. If they can't buyout one company there will be a another waiting. Rather they rescue a UK companies that foreign, better for the UK economy, keeps the jobs here.
one of many - first all electric forecourt is here:
More to come but here's the first of many - the future is here. Rock on UK :D
If they say they are going to do it then knowing Boohoo they will. They have 250million in cash so they certainly have the money. They said the state of the art warehouse was going to open in Manchester amd it did. They embrase technology. The way foeward is tech. They know it an the world knows it. Also, these factories dont open over night, any one in the industry knows they will need surveyors, planners, engineers, sourcing machiner, electrics etc. But I am confident that given their cash position and the way Boohoo is as a company, we shall see the factory. Once work starts, the price will only go up from then on. You cant get faster fashion from a human compared to a machine. Machines today are altra sophisticated and automation is the future. Global population is going up and after EU exit we will be able to trade with all the world, Britain can become a centre for fashion, and supply the world at rapid rates and cheap costs. In my opinion, once they have one site up and running then more will follow. Long term hold is the key here. Good luck all
At the moment the share price is being depressed by the argument between China and America. I don't blame Trump for trying to get more for the Americans and a better trade deal. Every leader of a country should be doing the same. But we know its not going to be for ever, so at some point a deal will be reached then hopefully share price should shoot up. Some times its better to get in early. HSBC is cash rich and so should be safe, they literally have billions on their balance sheet. Just need to ride it out until an agreement it reached. Interested to hear from other people on what they think of my comment.
The media can say all the negative things after the RNS broadcast but they wont be able to know the figures. Buyers will flock to where the money is and we all know that in business money (profits) talks, BS-fake-news walks. I recon if it wasn't for the fake news and shorters assault then we would probably be at 500 by now. Which is future expectations given that plans are in motion for the state of the are textile factory, increased profits etc, and opportunities to buy more broke high street names (i.e. growth, not just here but all over the world).
There is always variation in the expectation:
The board are also heavily invested in Boohoo (not sure know but didn't they recently purchase £16million worth of shares). Also the new state of the art textile factory will bring the production inhouse and so avoid the current issues and cut out the middle man. So fair pay, working conditions and wages, whilst maintaining their profits and growth. How ever due to the Covid, people so positive, and this is reflected in the markets, but we all know Covid-19 is not going to last for ever, as once the vaccines are available, the markets will take off and return to normal, as things get back to normality. Buying at a time when the price is low is a great opportunity for profit when growth returns.
A need to state the obvious: There is no slavery in Boohoo. There were a few (18) cases of malpractice among the 1000+ textile factories in Leicester. Boohoo are looking to open a new state of the art factory, that will ensure fair pay and working conditions. The share price fall is most likely due to the bad news about Covid-19 and the knock on affect from the fall in tech stocks, which has caused stock markets to fall around the world. I am guessing there is not likely to be another national lockdown like that we saw at the start, but rather City by City (if necessary). We have seen record low cases of infection and deaths (https://www.worldometers.info/coronavirus/country/uk/). Additional measure, testing being implemented and Oxford vaccine in 3rd stage. Some travel has returned and we have seen high streets open up. There has been positive news overall. In the case of Boohoo, this has meant record online sales, as online shopping has took off. £3 in every £10 is spent by shoppers online. I'm expecting a turn around. As usual bad news causes people to over react somewhat, but we know the historic performance of Boohoo (the facts in accordance to the financials). They are not in debt and have over £250 million cash, with record sales year on year and expansion. Not only that but they have been in the lead in the market of online shopping and shown they are prepared to adopt new tech that will hopefully lead to further success in the future. The state of the art semi-autonomous massive warehouse in Manchester is an example of their forward thinking and their adoption of social media. Boohoo is a popular, discount fashion brand and the brokers know this (https://www.stockopedia.com/articles/brokers-bullish-on-boohoo-shares-121078/)
With the record sales, I expect that the rise will reflect this when we get an update, which everyone is so eagerly waiting for.
Mainland Chinese investors have been buying Hong Kong-listed technology and bank stocks. The latter bet looks harder to justify.
HSBC has CASH ON HAND of 249.67B up 45.93%
It has made for a disconnect between the political and the financial realms. Many observers focus on the decoupling between America and China. Yet for those managing the trillions of dollars that flow through global markets every day, the main trend looks more like coupling. Consider these moves by investment and commercial banks in the past half-year alone. Goldman Sachs and Morgan Stanley took majority control of their Chinese securities ventures. hsbc acquired full control of its Chinese life-insurance venture. Citi received a coveted custody license to serve institutional investors in China. Among asset managers, BlackRock received approval to sell its own mutual funds in China and Vanguard decided to shift its Asian headquarters to Shanghai.