The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Friday: After the loss of a record 20.7m jobs in April, the US labour market has enjoyed a fairly modest rebound, with 7.5m jobs coming back in May and June. This rebound was mainly down to furloughed workers returning to the workforce, helping pull the unemployment rate down from 14.7% to 11.1%.
https://uk.investing.com/analysis/the-week-ahead-global-pmis-bp-cineworld-and-disney-results-200444747
UK factory output at three-year high, Eurozone output highest since April 2018 – PMI surveys
Gold hits new record high of $1,984.66 an ounce
TikTok reportedly relocating to London as Microsoft confirms acquisition plans
HSBC steps up 35,000 job cuts amid Covid-19 profit plunge
https://www.theguardian.com/business/live/2020/aug/03/us-china-tensions-rise-as-markets-eye-manufacturing-reports-covid-19-business-live
Just like to add share price is already above 200. Its 261, so swaying more to the 300 than 200. What i mean is its only 40 away from 300, bit 61 away from 200. Also its been up last week around 270. I'd like it to go further up. I expect as the result date comes in closer the price will go up. In the long run, this will go much higher. Its fact that its a growth stock. The company has no debt and still growing. So in my opinion its a buy.
I dont want to be a pesimist but with the looming recession. I dont think already cash strapped people will want to spend their savings on holiday cruises when they dont know how long this Covid is going to go on for. At the moment theres a lot of uncertainty about this. In USA many people are being forced out their homes because they cant pay rent. However we can expect that at some point in the future the price will go up. I think everyone who has been stuck indoors for this long will want a holiday. So once Covid is over I think price will go up. But until the vaccines are released, which theyre saying could be next year, things wont be normal like before. I am predicting the price will continue to drop for a while.
Although there has been optimistic news about the Oxford vaccine (start of stage 3 trials) they have said that it wont be ready until next year. I read somewhere that Russians are saying vaccine to be ready earlier but I dont think that they can say that until the trials are completed. Releasing the vaccine too quickly couls be dangerous. We dont know the effects on our physiology, so for all we know we might end up like zombies in Resident Evil. From my experience rushing can lead to mistakes being made.
If anyone is doubting how good an investment this is then just click "zebuddie". Ive put up a ton of information with links to websites, analysis by experts and traders, as well as videos and reports. As allways do your own research then decide whether its worth a punt. From my research I can say that it definitely is worth investing in. The price has gone up since the "fake news" came out about boohoo being involved in low wages.
Most of the analysts rate it a buy and Ive read somewhere that average price target is around 350. One of the major sharehoulders reduced their stock. Probably to invest eslwhere where opportunities exist sue to Covid. They didnt sell all. Then there was some founders that bought millioms of shares. See my previous posts for more info. They are very informative. Just click "zebuddie" to see for yourself. The price is going up and down by a few percent during intraday trading, this is normal. Its gone up already. Its gone down a bit, gone up then down... etc. Once the financial results come out, you can expect a massive rise if the news is positive, which I think it will be. Also, the share price will go up once work starts on the new factory in leicester. When Boohoo say they are going to do something the previous history supports they will. They said they would build an autonomated warehouse and they did.
https://www.thetimes.co.uk/article/white-unveils-her-radical-plan-to-revive-john-lewis-q7q3cljmv
Consumers who perceive the risk of Covid-19 to be very high are almost four times more likely to shift their shopping habits online in the long-term, new research has revealed
Alessandro Carrara by ALESSANDRO CARRARA Thursday, 2 July 2020, 9:15in Online & Digital
Why online retailers must address the checkout process
Some 17.2 million British consumers plan to make permanent changes to the way they shop, as perceived risks of contracting Covid-19 at physical stores redirects spending into online channels.
This is according to a new report by global professional services firm Alvarez & Marsal (A&M), in partnership with Retail Economics, which based it’s research on a major new survey of 6,000 consumers spanning six European countries.
Consumers who perceive the risk of Covid-19 to be very high are almost four times more likely to shift their shopping habits in the long-term.
According to A&M, this group reflects those in society who have in the past been “slow to adopt online banking and shopping”, and have now been “forced” to shop in new ways for essential items and do not intend to change these habits.
A&M added that the advent of the new group of online shoppers alongside ‘early adopters’ means the proportion of online retail sales in the UK is estimated to increase by an additional £4.5bn in 2020, despite consumers cutting back spending on all non-food purchases.
The group said over the next few months retailers will need to engage with this “increasingly valuable” new group of online consumers.
Erin Brookes, managing director and head of retail, Europe, A&M, said: “Retailers are facing a make or break moment. The race is on to transform operating models, product proposition and channel mix to ensure these meet the demands of a new type of shopper. Those that emerge on the other side will be stronger and more adaptable.”
Richard Fleming, managing director and head of restructuring, Europe, A&M, added: “The way we shop has fundamentally changed and it is unclear how the dust will settle.
“Retailers with large store footprints face onerous rental agreements and they are locked into a stalemate with landlords. The two parties need to start working more collaboratively to preserve mutual value.”
https://www.retailsector.co.uk/52581-17-million-uk-consumers-expected-to-permanently-shop-online-post-covid-19/
Boohoo invests in automation for UK manufacturing
https://ww.fashionnetwork.com/news/Boohoo-invests-in-automation-for-uk-manufacturing,1232897.html
Retail operations are more expensive to run in a post-Covid world due to the extra demands of cleaning throughout the day and managing access to achieve the maximum occupation numbers. And on top of all of all of this, lower footfall and sales than usual.
As the old saying goes, necessity is the mother of invention and the current crisis has triggered deployment of new solutions.
A significant extra cost is to deploy a colleague to stand at the door and count customers in and out. It can add to the customer experience having a friendly face greet you as you arrive and displaying obvious concern for your safety. However, if that wasn’t your previous operating model then your cost base is increased. Clever footfall counter vendors have repurposed how they use their customer count data to link how many customers are in store to a traffic light system on the external doors. Aldi have been one of the first to use it with customers entering freely if the light is green and waiting at the entrance if red.
There has been an acceleration in the adoption of existing technology that enables customers to scan their shopping straight into a bag. Used by grocers and in early stage use in Marks and Spencer Food, it has become a win-win in reducing colleague time at checkouts and offering customers a way to reduce contact with others while shopping. Retailers have gone further and added a scan and go option to their app, marrying the already available barcode scanners and payment functionality.
The two parts of a retail operation that take up the most colleague time are serving customers and managing stock. Self-scanning and increased use of self-check-out are helping reduce time at tills, so what can help with stock? The best automation for stock is RFID, Radio frequency Identification. This is a system where every stock item has a unique tag that is quickly read by a radio frequency scanner which transforms typical stock operations.
For example, to log items on the stock file as they arrive at the back door, just point the scanner at the boxes and you have a 100% accurate inventory update. The same works for stock counts and creating fill up lists. You’ll also know exactly where each item is in the store so no more hunting around to find an item for an inter branch transfer or a return.
RFID also has the capability to transform payment, as is currently used by Amazon Go in their payless shopping experience stores and can reduce stock loss too. The challenge before accessing these benefits is the initial investment in IT and getting the whole stock operation ready for RF combined with the ongoing cost of RFID tickets for every item.
Covid-19 driven trading changes are creating an opportunity to review your operation and make investments in automation
This could be the time for RFID. Online has seen a huge boost over the past weeks and stores that have the capability to use their stock file to enable click and reserve and can offer stock onli
@seamus12 that makes sense, as there are third parties that take a cut, so either prices are higher or they take less profit. Boohoo is ahead of the game once again. They are going to have their own factory so no middle men.
I remember something someone posted on here the other day. They said that ASOS and other competitors have narrower margins than Boohoo, so they will suffer more from any added taxation.
I am interested to know if margins of competitors are narrower and if anyone has any links to pages that can confirm this?
As for the colour of the moon. Everyone knows the moon is made of cheese, so it must be yellow :P
http://zemonster.tripod.com/cheesy.html
@WSBftw - Boohoo, in my opinion, is a long term investment if you want to make serious money. I think its like 5th or 6th after ASOS and other big names. If you look back at Boohoo history you can see positive growth and performance year on year and no debt. In Feb 2020 it had £500 million in cash(https://www.businessoffashion.com/articles/news-bites/boohoo-raises-200-million-for-merger-and-acquisition-deals-coronavirus), still do your own research to be sure. The future is online trading, more and more so, and other companies are realizing this which is a bit late for some. If you want more information on Boohoo just click my nick name "Zebudee" and you can see a lot of links to important boohoo information including Financial report etc. In my opinion when this covid blows over, more people will have changed there behaviors and still shop online. This has been mentioned in a number of articles in the press. In my opinion its a Buy, but look at ASOS share chart, this stocks take years to get to like £13 a share, that's why its a long term investment.
According to this website (owners are jerseytex), this company supplies a number of competitors of Boohoo but does not state Boohoo (at the bottom of the webpage - see link below). https://www.jerseytex.com/fabric-dyeing-dyehouse-services/
This is likely to cause disruption to Boohoo competitors but not Boohoo
https://www.google.com/amp/s/www.leicestermercury.co.uk/news/leicester-news/everything-know-fire-city-industrial-4371982.amp
I am just speculating here, no evidence of this: We know the investigations of the factories are ongoing. Could this be an effort to cover up malpractice. By tourching the factory, factory will not be open for investigation and Boohoo competitors not linled in any implications. Also, due to the hit to the competitors (high street sales flop), perhaps the orders have fallen and the company was not going to get paid for work done for Boohoo competitors, so torched the place to get insurance.
According to this website, this company supplies a number of competitors of Boohoo but does not state Boohoo (at the bottom of the page). https://www.jerseytex.com/fabric-dyeing-dyehouse-services/
This is likely to cause disruption to Boohoo competitors but not Boohoo (see my previous post why)
https://www.google.com/amp/s/www.leicestermercury.co.uk/news/leicester-news/everything-know-fire-city-industrial-4371982.amp
According to this website, this company supplies a number of competitors of Boohoo but does not state Boohoo (at the bottom of the page). https://www.jerseytex.com/fabric-dyeing-dyehouse-services/