|22 Jul 2014||paulypilot||Hi,
I used to buy from these guys - Pinstripe - they were an excellent supplier - I was the FD for Pilot between 1993-2002. We grew Pilot from 16 shops to almost 150 shops in that time, and became a great challenger to the big chains. I left Pilot in 2002 to become a professional small caps investor, and was devastated to hear that Pilot went bust in early 2005. Such is life though, chains... read more...|
|Sun 09:27||paulypilot||Hi Puzzler2,
I'm also completely out of my comfort zone paying a trailing PER as high as this - - shows it as a trailing PER of 41.4 for y/e 28 Feb 2014. Normally that would have me diving for cover, but it's the growth that is so exciting here - it really is the next ASOS - they're doing pretty much the same thing - rapid growth of a fashion website, and doing an international roll-out too... read more...|
|Fri 16:19||puzzler2||Certainly hope so dewtrader. Should also say that I'm totally out of my comfort zone buying on such a high trailing P/E, albeit that my calculations show that the forward P/E could be at about 20 if profits are delivered. I suppose that's the risk of trying to buy early in the life of what one hopes is a high growth stock - probably all the original punters in ASOS thought the same thing! read more...|
|Fri 14:08||puzzler2||Following yesterday's initial purchase, I've undertaken more research today. I think that paulypilot has called this one well. I like the sector generally, the market that the product is aimed at, the website and the overall proposition. I particularly like the 60% gross margin. Without stating the obvious, this is all about growing the business quickly and if it can do that, then... read more...|
|23 Jul 2014||paulypilot||Hi,
It's a 28 February year end, so we're almost half way through the current year, which is forecast (on Morningstar) for £17.91m profit, and 1.28p EPS - so a PER of 32 times current year earnings, which is not unreasonable for a rapidly growing company.
However, jump forward for 2015/16 forecasts (year ending 28 Feb 2016, so it's mostly 2015 calendar year) and profit is £25.92m, with 1.81p... read more...|
|yesterday 16:06||hutch_pod||Yes I wish the comments above had appeared at 36p :) read more...|
|Sun 12:59||paulypilot||Maybe he dislikes my perhaps too strident style of writing. I can't help it, that's just how I express myself!
In this case though, you would imagine that instead of sniping at me, the rude poster above would welcome my perspective, given that I spent 8 years as an FD in the sector, and have first hand experience of actually doing business with BooHoo's connected companies (namely Jogo... read more...|
|Sun 12:27||puzzler2||I echo the above - there was no need for that StudentInvestor13. At no time have either paulypilot or I suggested that buying on a high P/E is without risk. Paulypilot has taken some time to express his views as to why he sees this, potentially, as a good investment and I happen to concur with that view. He has also explained rationally, with the benefit of personal experience, why those... read more...|
|Fri 11:32||fillipe||I notice they are just around the corner from the hugely successful N. Brown plc, in Manchester, fwiw.
f read more...|
|24 Jul 2014||hutch_pod||Nice 1.4m buy. read more...|