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Boohoo Share Price - BOO

Share Name Share Symbol Market Type Share ISIN Share Description
Boohoo LSE:BOO London Ordinary Share JE00BG6L7297 ORD 1P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25 -0.83% 30.00 29.75 30.00 30.75 30.00 30.75 897,612 10:37:41
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) RN NRN
General Retailers 139.9 11.1 0.8 40.0 336.06

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Date Time Title Posts
04/9/201511:52Boohoo.com will it be tears of joy or sadness1,748
30/7/201407:06Boo- RIP...symbol for $1 trillion lost2
11/10/200222:28BOMBAY BEARS FRED2

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au24: Is Boohoo.Com PLC Stealing Customers From ASOS plc? By Rupert Hargreaves - Friday, 12 September, 2014 During the past six months, the shares of online fashion retailers, Boohoo.Com (LSE: BOO) and ASOS (LSE: ASC) have dramatically underperformed the wider market. Indeed, during this period ASOS’s shares have slumped 62%, while smaller peer Boohoo has seen its share price fall by 43%. However, the underlying business performance of the two companies could not be more different. In particular, as ASOS has struggled with a “perfect storm” of negative factors holding back growth, Boohoo continues to grow rapidly. Trading updateBoohoo Today saw Boohoo announce its results for the first half ended August 31, 2014. The company reported a 31% rise in revenues, or 36% growth in constant currency. What’s more, growth accelerated during the second quarter, with revenue expanding 37%, or 41% at constant currency during the quarter. On a country-by-country basis, Boohoo witnessed growth across all regions. The UK market grew the fastest with revenue rising 50%, sales across the rest of Europe expanded 61% and sales across the rest of the world grew at 8%. There’s no doubt that these results are significantly better than ASOS’s last trading statement, within which the company warned that profits would fall short of expectations by £20m. This shortfall was blamed on the fact that the company was being forced to launch a series of promotions to boost flagging sales growth. As a result, the company’s operating profit margin for the full year is expected to fall to 4.5% from 6.5%. Management is still targeting sales of £1bn for the current financial year. Unfortunately, this was ASOS’s second profit warning within three months. As the saying goes, bad news usually comes in threes. So, additional bad news could be on the horizon. ASOSStealing market share After looking at today’s results from Boohoo, some analysts within the City are now wondering if the online fashion start-up is stealing market share from its larger rival ASOS. And this thesis does make sense, as Boohoo’s UK sales are surging, while ASOS is being forced to discount heavily in order to drive additional sales growth. We won’t know the full picture until mid-October, when Boohoo reports its interim results. ASOS has already revealed that its half-year pre-tax profits have contracted 22% to £20.1m. An expensive bet Investors who want to profit from Boohoo’s growth story have to be willing to pay a high price. For example, Boohoo is currently trading at a forward P/E of 33.4, earnings per share growth of 16% is expected this year. Current estimates predict that Boohoo’s earnings will jump by 38% during 2016. Still, Boohoo is cheaper than ASOS, which trades at a forward P/E of 61.8, despite two profit warnings this year. Analysts believe that the company’s earnings per share will fall 19% this year, before rebounding by 44% during 2015. Nevertheless, a forward P/E of 61.8 seems expensive for ASOS’s faltering growth. There’s no doubt that Boohoo and ASOS trade at lofty valuations, which may put some investors off. The key when searching for potential, undervalued multi-baggers is to look ‘under the radar’. You want to get on board while the company is still an unknown quantity, that way you won’t need to pay a premium in order to benefit from the company’s growth. With that firmly in mind, analysts here at the Motley Fool have identified a share that they believe has the potential to nearly double profits within the next four years. So, if you're a keen growth investor looking for ideas, download this exclusive report entitled "The Motley Fool's Top Growth Stock For 2014".
bugle4: I think the guys at the Motley Fool must have clubbed together and gone long on Boohoo, this about the 3rd article I've seen from them in a couple of weeks. "Boohoo A stock overhang also appears to be holding back Boohoo’s shares at the moment — and I believe the upside potential is even higher than for Lloyds. Boohoo was floated at 50p a share in March 2014. However, after a profit warning on 7 January this year there was immediate heavy selling, notably by some major institutional shareholders, sending the shares plunging. Boohoo’s biggest institutional backer, Old Mutual, reduced its stake to 10.44%, while BlackRock went “below 5%” and Odey down to 3.93%. Results in May and a Q1 trading update last month strongly suggest Boohoo’s performance last winter was no more than a hiccup, but the shares have remained depressed. They currently trade at around 27p. Old Mutual has continued to sell since January, with the market having been notified of reductions in its stake to 9.83% (on 11 May) and 7.84% (on 12 June). Boohoo’s corporate website currently shows major shareholders at 15 June, and has Old Mutual down to 7.74% and Odey at 3.23% (down from the 3.93% notified in January). Boohoo trades on a forward P/E of 25 with forecast earnings growth of 43%, giving a cheap P/E-to-earnings growth (PEG) ratio of 0.6. I see no reason why Boohoo shouldn’t be trading at a fair-value PEG of 1, which would imply a share price of around 45p." http://www.fool.co.uk/investing/2015/07/03/why-lloyds-banking-group-plc-and-boohoo-com-plc-could-be-set-to-soar/? Once the corporate overhang clears then blue skies await I think. NAI DYOR
bugle4: The Motley Fool Pumping again, who could blame them. "3 Stocks To Get Your Pulse Racing! Blinkx Plc, Boohoo.Com PLC And Clinigen Group PLC For example, online fashion retailer, Boohoo.Com (LSE: BOO), is set to benefit from an improving UK and global economy as it seeks to develop customer loyalty. Of course, this takes time to acquire and, with there being such vast competition among retailers that are focused on the lucrative teen and twentysomething marketplace, Boohoo.Com is set to be a relatively volatile stock to own. However, looking ahead to its earnings growth potential, it could prove to be a hugely exciting investment. That’s because it is forecast to increase its bottom line by 43% in the current year, followed by growth of 25% next year. If met, that would be a stunning rate of growth and would easily surpass the vast majority of Boohoo.Com’s listed peers. In fact, it would mean that the company’s bottom line would rise by 79% over the next two years and, despite this, it trades on a price to earnings growth (PEG) ratio of just 0.8. This indicates that it has a sufficiently wide margin of safety to post significant share price gains moving forward." http://www.fool.co.uk/investing/2015/07/10/3-stocks-to-get-your-pulse-racing-blinkx-plc-boohoo-com-plc-and-clinigen-group-plc/?
cestnous: From an I.C. article on retail this am; One of Asos’s closest competitors is relative London-newcomer Boohoo (BOO). The online retailer and family-owned group joined the market early in 2014. Although the IPO was deemed a success, a wider downturn in e-commerce stocks hurt the share price, as did an unexpected profit warning in January. The Peel Hunt analyst said that investors are “absolutely right” to have trust issues with Boohoo, but he also believes that the warning amounts to “a blip” and that Boohoo’s shares are more likely to re-rate than those of Asos. Margins are solid, and the group is up against seriously weak comparative figures after the disastrous autumn/winter 2014 season. On a six-to-12 month view, Mr Stevenson says Boohoo is the stock to pick “purely on valuation grounds”. A forward PE ratio of 34 might not sound cheap, but it’s at a time when e-commerce ratings are at an all-time high.
little beaker: Ramp ramp ramp! Notice the lack of any new information coupled with the speculation the share price will be significantly higher. Having people like this guy and TMF continually tipping these shares is certainly concerning me. Nothing has changed about the bull or bear case since the last RNS. As there are only really bulls on this board I will reiterate the bear case. 1) There are low barriers to entry. All you need to enter online clothes business is a supplier, somewhere to hold stock, and a website. A basic e-commerce website is extremely cheap to produce. 2) Profit margins are lower for etailers than for traditional clothing retailers. You can see this by checking out Next's financials. For example, if BOO increases the quality of its textiles its margins will by definition suffer, certainly in the short run, as a low price retailer with little pricing power. 3) There is no proof that simply e-tailing clothes works as a business model vs a hybrid model of "bricks and clicks". Yes there are a couple of pure internet clothing companies with large market caps but if you check their financials they aren't great are they?! Whenever I've reviewed costs in retailers, I've found that distribution costs of online provision outweigh the benefit of not having physical shops on the high Street. 4) Management *do* lack credibility since the IPO. Even Pauly pillock states this as an excuse for why the share price isn't moving ahead. They've floated a company, raised more money than they appear to need, and have pretty much instantly disappointed the market by not managing expectations properly. 5) The shares are cheap vs their immediate peers, but the bear case is that the reason for this is that they don't have the brand cachet, market leadership, customer base of something like asos. Also, vs the general market the valuation is actually punchy -- another argument is that the whole sector is overpriced.
bugle4: The MF at it again. 3 Of My Favourite Small Caps: Judges Scientific PLC, AFC Energy plc & Boohoo.Com PLC Similarly, online fashion retailer Boohoo.Com (LSE: BOO) also trades on a very appealing valuation. It has a PEG ratio of just 0.8, with its earnings set to rise by 42% this year and by a further 25% next year. As a result, investor sentiment could be positively catalysed and help to reverse the decline in the company’s share price that has seen it slump by 29% since the turn of the year. http://www.fool.co.uk/investing/2015/07/23/3-of-my-favourite-small-caps-judges-scientific-plc-afc-energy-plc-boohoo-com-plc/?
bugle4: As it is, the shares are now well below that level, indeed, more than 40% off the launch price, standing at a current 27.5p. Although that fall may have left some investors who bought at the top shedding a few tears, there are nevertheless a number of factors to suggest that now may be an opportune time to take an interest in the company and tuck the shares away on a medium to longer term basis. The reason for boohoo's share price slumping was a direct result of the company issuing an untimely profit warning back in January of this year, after sales growth had surprisingly halved in the second half of last year. That was largely laid at the door of rival High St. retailers pursuing a heavy discount programme, along with boohoo's own issues on delivery near and around Christmas. Since then, things appear to have very much got back on track, the company more recently through a trading update reporting a 35% revenue increase in the first quarter of its current financial year, which should see it on target to meet full year market expectations. http://www.cambridge-news.co.uk/online-clothes-retailer-boohoo-great-fit/story-26742793-detail/story.html?
paulypilot: @phowdo Good point re buybacks. Thinking back to the recent analyst meeting, the FD was asked about buybacks. He said a decision would be made after the AGM whether to buy back some shares, or not. So it will be interesting to see whether the company updates today on this matter. The cash pile is surplus to requirements, and you wonder why they raised so much cash at IPO, when it really wasn't needed? The only possible use for the cash now are; - share buybacks - future investment in automating the warehouse, but the FD said there wasn't a compelling case to do that yet - the £5m call option over PrettyLittleThing.com - other possible acquisitions - special divis? Other than that, I can't think of any reason why BOO would want to hoard cash. As the FD said, the working capital profile is highly favourable, such that BOO actually generates cash as it expands - because it keeps stocks low, sells for cash, but has deferred payment terms from suppliers. So 5p per share in net cash can safely be taken off the share price, as being cash that is surplus to requirements, in my view. Which makes the actual business look very good value at about 23p. Regards, Paul.
paulypilot: I agree there is probably still Institutional dumping going on, from people who bought into the IPO growth story, and got it wrong, or were mugged, depending on your point of view. Doesn't make it a bad business, just because the previous owners talked up the stock to get it away at a racy valuation. To be blunt, more fool the idiots who paid 50p/share at the IPO. That said, it reflects really badly on BOO and the broker too. You can't float things, and then massively reduce growth expectations shortly afterwards, it ruins credibility, and it takes time for sentiment to recover. So I see this stock as being in a transitional phase, as IPO owners sell out, due to not trusting mgt/broker any more. Whereas PIs check out the figures & the business, and buy the stock off them. Don't forget the 10% share buyback that is now possible, post AGM. Should the share price be higher now? That's not for me to say. I reckon we could be a lot higher in 2-3 years, but time will tell. Rome wasn't built in a day, they need to gradually rebuild investor confidence. Regards, Paul. (long term investor here)
harebridge: Eeza, I think you'll find that the 3 million trade was actually a sell at 1335.Nevertheless, the shares that the particular Institution/ Fund that have been dumping are being snapped up.There's no way the share price would be this steady if there wasn't a demand for the shares. Personally, I believe another Institution/ Fund is taking them. Once the transfer is complete, these could shoot up sharpish.

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O 1,919 29.93 04 Sep 2015 13:06:13 GBX

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