Share Name Share Symbol Market Type Share ISIN Share Description LSE:BOO London Ordinary Share JE00BG6L7297 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.50p +0.81% 187.00p 186.00p 186.25p 190.00p 185.50p 187.25p 14,051,541 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 294.6 30.9 2.2 85.4 2,100.58

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27/4/201714:21BooHoo - let's try again lol!5,836.00
19/2/ will it be tears of joy or sadness2,324.00
23/9/201514:41BooHoo (BOO) - largely troll-free thread36.00
30/7/201407:06Boo- RIP...symbol for $1 trillion lost2.00

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Boohoo Daily Update: is listed in the General Retailers sector of the London Stock Exchange with ticker BOO. The last closing price for Boohoo was 185.50p. has a 4 week average price of 166.50p and a 12 week average price of 133.50p.
The 1 year high share price is 190p while the 1 year low share price is currently 45p.
There are currently 1,123,304,869 shares in issue and the average daily traded volume is 11,288,622 shares. The market capitalisation of is £2,100,580,105.03.
toffeeman: If it does get to £5 it will (probably) have a bigger market cap than NXT and with no stores to rent and run £5 may well be exceeded, and if they get international cracked you can use ASOS as a leading indicator (current M cap = £4.73bn or about £4.50 in Boo share price) - Are they better than ASOS? Key will be how they grow the management team.....
grahamburn: Short, but interesting, analysis of the company in 10 years time on Motley Fool today: _______________________ Where will plc be in 10 years? G A Chester | Thursday, 23rd February, 2017 | More on: ASCBOO Investors have been flocking to fast-fashion e-tailer (LSE: BOO). The company has shown tremendous growth to date. But where will it be in 10 years and is the stock a top pick for growth investors today? Fashioning comparisons Boohoo listed on AIM in March 2014 at 50p a share. After a stumble, which saw the shares fall to a low of 22p in January 2015, the company hasn’t looked back. The shares closed yesterday at a new high of 147.25p. With 1.12bn shares in issue, the market is valuing the business at £1.65bn. Revenue for Boohoo’s financial year ending 28 February is expected to come in at £290m. This provides a useful starting point for where Boohoo might be in 10 years. If we go back to 1998, Primark posted a similar revenue of £295m that year. Ten years later, this hugely successful fast-fashion retailer had increased its top line to just shy of £2bn. This represents a compound annual growth rate (CAGR) of 20.7%. Primark’s growth has been impressive but it’s a bricks-and-mortar chain and a better comparator for Boohoo may be online-only pioneer ASOS (LSE: ASC). ASOS posted revenue of £299m in calendar 2010 (again similar to Boohoo’s current revenue) and increased this to £1.6bn in calendar 2016. This gives a CAGR of 32.4% over six years. Analysts expect growth to moderate somewhat over the next few years, so that the 10-year CAGR would fall to about 27% (revenue near to £3.3bn). Projected valuation If Boohoo were to match ASOS’s projected 10-year revenue growth, we’d be looking at Boohoo delivering revenue of around £3.2bn come 2027. But what of valuation? ASOS currently trades at 2.75 times trailing 12-month revenue, while Boohoo — at the earlier higher-growth stage — trades at 5.7 times. If, by 2027, Boohoo is trading closer to ASOS’s 2.75 rating, we’d be looking at a market cap of £8.8bn, compared with today’s £1.65bn. ASOS’s shares in issue have increased by 15.5% over 10 years, due to director and employee incentive plans and so on. Assuming a similar increase for Boohoo, the current 1.12bn shares would increase to 1.29bn. So, at the mooted 2027 market cap of £8.8bn this would give a share price of 682p — a 363% increase from today, or a 10-year CAGR of 16.6%. Is Boohoo good value today? Given that some top FTSE 100 companies, such as Reckitt Benckiser, have done CAGRs into double digits in the last 10 years, does my projected 16.6% for Boohoo offer sufficient reward for the risk of a relatively young company compared with a mature blue chip. I think I’d be looking for a CAGR of 20% for a greater margin of safety. To get that, I’d need Boohoo’s shares to be trading at 110p today — about 25% below their actual level. Of course, Boohoo may turn out to be an even bigger success than ASOS and more than justify its current premium price. Reasons for optimism on this score include the company’s recent acquisitions of PrettyLittleThing and certain assets of collapsed US firm Nasty Gal and also the fact that Boohoo’s retail gross margin is running at 57% compared with 47% for ASOS when it was at the same stage of revenue generation. So, I can understand investors bidding up the price. But I feel Boohoo will have to deliver nothing short of stunning growth over 10 years to justify it.
cycle2: @ch7win: You are correct that with many high-priced stocks there is a danger of a 50% fall if they make an incorrect move. However, a closer examination of BOO will reveal several factors that make this highly unlikely: 1. Whenever the price has tried to dip significantly there has been increased buying from institutional sellers. Since we hit the 100 and 120 barriers there has (in my opinion) been a big shift in holding from retail investors to institutions as they've started to realise the potential of BOO and are in 'catch up' mode. Just look at the holding RNSs that have come out. These institutional sellers are influenced by ratings upgrades, of which there have been several over the past few months. This provides some level of 'floor' of long-term investment who see this as the next ASOS and in it for more than a quick flip of a share. 2. Boohoo mangagement have already had their 50% drop. If you know the share well, you'll recognise that was the shock that came 6 months after IPO. Management had their fingers burnt badly with that. Ever since then they've been carefully managing investor expectations, always leaving a little room for upside surprises. A shock is therefore unlikely. 3. The explosive growth abroad, particularly in the US, means that the high P/E won't remain high for long. This is compounded by the recent massive customer acquisition deals of Nasty Gal and PLT, with the US market wide open to this new fashion business model. I'm not saying a shock couldn't happen - it could with any share. However, these three points give resilience to the share price which makes a massive fall unlikely. As for Amazon moving into this space - have you tried shopping for clothes on Amazon? They're box shifters and in no way have the deep understanding of how to excite people about fashion. BOO are focussed and tapping into a social generation. Amazon have diluted focus and don't have a finger on the pulse of the market BOO is reaching. They also don't have design excellence and have never set themselves up to do that. BOO's whole business model is based on the fast 'test and repeat' model which relies on excellent execution in the "stylish design to supply chain to social influencers to website" model they have developed.
cycle2: @themaker: If any family members owning shares have any sense they'll ask the owner first. I suspect that insider information might very easily persuade them to hold onto those shares, knowing that they're likely to have huge potential in the future. This is just another of those consolidations in price where the weak hands are shaken out and other stronger hands take over the shares at a cheaper price. I see nothing on the chart that isn't consistent with the long-term view that this company is still on the path to world-wide recognition and a corresponding increase in size. We have some support at levels such as 132-133 and much more at 120-122 should the share price decide to dip that far down. None of that changes the overall story here. I think the dip in share price is due to disappointment from short-term traders who thought that the NastyGal deal would push things higher, when in fact it was priced in. The reality is that the management team have, it seems, just pulled off the feat of acquiring half a million potential new customers, all of whom like fast fashion, in a market primed to take off because Boohoo's fast test-and-repeat business model isn't being practiced there. That they did this at all is amazing. That they acquired customers for less than 4 cents each is incredible (I wish businesses I have been involved with could acquire targeted customers like that!) I'd be very surprised if Boohoo isn't already sorting out local sourcing and warehousing in the US. Even if they don't we have to remember two important facts: 1. In the US next-day shipping isn't standard, so shipping from the UK may not be as bad as we think when we consider shipping from the US to the UK. 2. UK-produced goods are incredibly cheap right now due to the devalued pound making Boohoo's goods very competitive (or giving extra spend for advertising / shipping).
apad: kcr "Fundsmith, my fund management business, celebrated its fifth anniversary in the past month. What have I learnt over the past five years of running the fund? One thing I have observed is the obsession of market commentators, investors and advisers with macroeconomics, interest rates, quantitative easing, asset allocation, regional geographic allocation, currencies, developed markets versus emerging markets — whereas they almost never talk about investing in good companies. It seems to me that most of these subjects pose questions to which no one can reliably forecast the answers, and even if you could the connection to asset prices is tenuous at best. Take GDP growth — few things seem to obsess commentators more, yet no one has ever managed to demonstrate a positive correlation between GDP growth and stock market performance. Invest in something good What has continued to amaze me throughout the past five years is not just this largely pointless obsession with factors which are unknowable, largely irrelevant, or both, but how infrequently I hear fund managers or investors talk about investing in something which is good. Like a good company with good products or services, strong market share, good profitability, cash flow and product development. I suppose I had assumed that the credit crisis might have taught them that you will struggle to make a good return from poor-quality assets. No amount of CLOs, CDOs and the other alphabet soup of structured finance managed to turn subprime loans into a good investment. When the credit cycle turned down, even the triple-A rated tranches of these instruments turned out to be triple-Z. There’s a saying involving silk purses and a sow’s ears which encapsulates the problem. I am not suggesting that there is no other way of making money other than to invest in good companies, but investing in poor or even average companies presents problems. One is that over time they tend to destroy rather than create value for shareholders, so a long-term buy and hold strategy is not going to work for them. A more active trading strategy also has its drawbacks. Apart from the drag on performance from trading costs, it is evident from the performance of most funds that very few active managers are sufficiently skilled to buy shares in poor companies when their performance and share prices are depressed, and then sell them close to their cyclical peak. Another obsession I have been surprised about is that with “cheap” shares. I have been asked whether a share is cheap many more times than I have been asked whether the company is a good business. This obsession often manifests itself in the critique of our strategy which goes something like, “These companies may be high-quality, but the shares are too expensively rated.” This is almost certain to be true, as from time to time the share prices are sure to decline, but it misses the point. If you are a long-term investor, owning shares in a good company is a much larger determinant of your investment performance than whether the shares were cheap when you bought them. Ignore the siren song A fairly obvious lesson, but one I have re-learnt, is to stick to your guns and ignore popular opinion. I lost count of the number of times I was asked why we didn’t own Tesco shares, or was told that I had to own Tesco shares when our analysis showed quite clearly that its earnings-per-share growth had been achieved at the expense of returns on capital. In fact, its return on capital had deteriorated in a manner which pointed to serious problems in Tesco’s new investment in areas such as China and California. How investors ignored the warning signs at Tesco Since starting Fundsmith the stock which I have most frequently been asked about, and implored to buy, is Tesco. Similarly, it is important to ignore the siren song of those who have views on stocks which you hold, particularly if they are based on prejudices about their products. I also lost count of the number of comments I read about how Microsoft was finished as it “wasn’t Apple”. This included one investor who rang us to ask if we had seen the quarterly numbers from Microsoft which were not good. (It was tempting to respond saying No, of course we had not seen the quarterly results for one of our largest holdings and thank him for pointing this revelation out to us.) He said we would face questions at our AGM if we still held the stock then. It was of course just one quarter and the stock more or less doubled in price after that. Sadly no question was raised at the AGM. Stick to the facts Another of my observations is that impressions about stocks are often formed erroneously because people do not check the simplest facts. Sometimes they simply relate to the wrong company. We topped up our stake in Del Monte, a processed food and pet food business, on some share price weakness which resulted when a news service carried an article that dock workers in Galveston had gone on strike and so had stopped Del Monte’s ships being unloaded. The company it was actually referring to was Del Monte Fresh Foods, which imports tropical fruits like bananas and pineapples, not the one we were invested in. Or the client who contacted us to say how concerned he was about our large holding in Domino’s Pizza since the chief executive and chief financial officer had left. They had left the UK company, but we owned the US master franchiser. I would be hard pressed to name the least well-understood subject in investment given the wide choice available, but I suspect that currencies is among the leaders. Over the past five years I have heard lots of people talk or ask about the impact of currencies in a manner which betrays a complete lack of understanding of the subject. The commonest question or assumption about our fund is the impact of the US dollar, since the majority of the companies we have owned since inception are headquartered and listed in the US. This makes little or no sense. A company’s currency exposure is not determined by where it is headquartered, listed or which currency it denominates its accounts in. Yet this does not seem to stop people assuming that it does and making statements about the exposure of our fund to the US dollar, based on where the companies are listed. We own one company which is headquartered and listed in the US, but which has no revenues there at all. Clearly this assumption would not work very well for that company, any more than it would work for the UK listed company we own which has the US as its biggest market and which, perhaps unsurprisingly, reports its accounts in US dollars. Nor could we understand the reasoning of the commentators who wrote that our holding in Nestlé had benefited from the rise in the Swiss franc. How? Ninety-eight per cent of Nestlé’s revenues are outside Switzerland. It may be headquartered and listed in Switzerland and report in Swiss francs, but the fact is that a company’s currency exposure is mainly determined by where it does business. In Nestlé’s case the Indian rupee is a bigger exposure than the Swiss franc. Does anyone read accounts? I have also discovered that hardly anyone reads company accounts any more. Instead they rely upon management presentations of figures which often present “underlying221;, “core” or “adjusted̶1; numbers. Not coincidentally, the adjustments to get to the core or underlying numbers almost always seem to remove negative items. Reading the actual accounts bypasses this accounting legerdemain. We have also discovered mistakes in accounts which no one else seems to have noticed. Like the $1.8bn mistake in the IBM cash flow. This alone did not prevent us investing in IBM, but it helped to support our conclusion that hardly anyone reads its accounts thoroughly. Don’t sell good companies I have also learnt that selling a stake in a good company is almost always a mistake. Take Sigma-Aldrich, a US chemical company based in St Louis. It supplies pots of chemicals to scientists around the world who use them in tests and experiments. Its financial performance fitted our criteria, as did its operational characteristics — supplying 170,000 products to more than a million customers at an average price of $400 per product. It fitted our mantra of making its money from a large number of everyday repeat transactions, as well as having a base of loyal scientists who relied on its service. It was a predictable company of exactly the type we seek. That was until it was revealed that it was trying to acquire Life Technologies, a much larger company which supplies lab equipment. Given the execution risk involved, we sold our stake. As it happens, Sigma-Aldrich did not acquire Life Technologies as it was outbid. But having gone public on its willingness to combine with another business, it was in no position to defend its independence and succumbed to a bid itself from Merck at a price about 40 per cent above the price we has sold at. Selling good companies is rarely a good move. The good news is that we don’t do it very often. Our best share The best performing share contributing to Fundsmith’s performance over the past five years was Domino’s Pizza Inc, with a return of over 600 per cent from the initial stake purchased on the day the fund opened. What might we learn from this? ● People often assume that for an investment to make a high return it must be esoteric, obscure, difficult to understand and undiscovered by other investors. On the contrary — the best investments are often the most obvious. ● Run your winners. Too often investors talk about “taking a profit”. If you have a profit on an investment it might be an indication that you own a share in a business which is worth holding on to. Conversely, we are all prone to run our losers, hoping they will get back to what we paid for them. Gardeners nurture flowers and pull up weeds, not the other way around. ● Domino’s is a franchiser. If you regard a high return on capital as the most important sign of a good business, few are better than businesses which operate through franchises, as most of the capital is supplied by them. The franchiser get a royalty from revenues generated by other people’s capital. ● Domino’s has focused on the most important item for success in its sector — the food. This is in sharp contrast to other fast food providers, such as McDonald’s, which are struggling. ● Domino’s is mostly a delivery business. This means that it can operate from cheaper premises in secondary locations, and so cut the capital required to operate compared with fast food operators who need high street restaurant premises. ● Domino’s was owned by Bain Capital. Like a lot of private equity firms, Bain leveraged up the business by taking on debt to pay themselves a dividend before IPO, so it started life as a public company with high leverage. This can enhance equity returns. In a business which can service the debt there is a transfer of value to the equity holders as the debt is paid down and the equity is de-risked. Please note — this does NOT indicate that leverage always enhances returns."
harebridge: From Paul Scott (Paulypilot) on stockopedia.Boohoo.Com (LON:BOO)Share price: 99.25p (up 1.5% today)No. shares: 1,123.3mMarket cap: £1,114.9m(at the time of writing, I hold a long position in this share)Interim results, 6m to 31 Aug 2016 - excellent reporting timeliness - publishing interim figures just 27 days after the period end is good stuff - clearly the FD and his team have good internal controls in place.Why am I still reporting on this share, now it's over £1bn market cap? Well, partly to crow about one of my biggest successes in the last couple of years! Also because I know that a lot of readers followed me into this share after the market threw us a bargain in Jan 2015 at a quarter of the current price.The interim figures today are excellent, and well ahead of forecasts. Brokers are upgrading full year forecasts as a result. Peel Hunt puts out the best research I've seen on BooHoo, so those are worth asking your broker to source for you. PH has raised this year (ending 28 Feb 2017) to EPS of 1.8p. Although personally I think 2p EPS could be on the cards.In valuation terms, that gives a current year PER of about 50. So clearly this share is now expensive. The question is whether the growth & future potential of the business is worth paying up for. That's a decision each investor has to make for themself, based on their risk tolerance. Personally, I've top-sliced my holding on the way up, which is a nice compromise, as that way you've banked some of the profit, but still benefit from any further upside.Market sentiment could change of course. We've seen lots of growth company shares go through the roof this year. So if something has gone from a PER of 20 to a PER of 50, then that's a bit of a one-off gain. It could of course quite easily reverse, if the market has a big correction.Mind you, when you look at the highlights from today's figures (see below), there are some fantastic growth trends underway here. Remember this is all organic growth too, and it's international, not just UK;Very strong top line growth, up 40% year on year.Note there's a sharp fall in gross margin. The company has been rather clever here. What they've done is to deliberately plan for lower selling prices (which were already under-cutting most of the High Street). At the same time, they reduced marketing spend (which was enormous, at over 10% of turnover). This makes complete sense to me - after all, there are only so many ads which customers will respond to - the law of diminishing returns kicks in beyond a certain point. Much better to lower prices, and drive growth that way, as obviously if customers see bargains, they buy more.Hence the profit line and EPS are up triple digit percentages, proving that accepting a lower gross margin results in a better overall result in profit terms.Growth in overseas territories is encouraging, particularly 93% growth in the USA. That would be a rather good market to crack, given its size.Balance sheet is excellent, with £67.1m of net cash (rising). Note that continuous capex is needed, to increase warehouse capacity. Some quite chunky forex derivatives losses have popped up.Outlook - this is all self-explanatory;My opinion - this is a fantastic company. I've been saying for a while that it's actually better than Asos - because it's delivering strong growth, and decent profitability. Whereas Asos has seen its profit margin relentlessly falling, and is really now very low.On conventional valuation grounds, BOO may look expensive now. However, PER is not a good valuation method to use for rapid growth companies. Also note that BOO has seen earnings expectations constantly rising - e.g. a year ago it was expected to do 1.35p EPS this year. I reckon the final outcome is probably more likely to be about 50% higher than that, around the 2p EPS level. This is why people have been buying the shares - they've worked out that the company is on a roll.Online is doing serious damage to the High Street retailers now. Companies like BOO have cut out the middlemen. The people behind BooHoo used to be the biggest supplier to my old employer, Pilot - we had a chain of about 150 shops mostly in the UK, which we built up in the 1990s. Sadly, Pilot is no more, in terms of a High Street presence anyway, but our former supplier has now morphed into BooHoo, and supplies the young female end customers direct, via their smartphones & tablets. The product is so cheap that it's almost disposable fashion, to wear once or twice, then throw away. It's really difficult to see how High Street competitors, with their enormous overheads of a large branch network, can compete at the cheap end of the market.As regards BOO, yes the shares look pricey now. However, I think the growth, and international potential, means this valuation of almost 100p per share can be justified. Providing nothing goes wrong of course.In my view, management here are exceptionally talented, experienced, ambitious & hard-working. So that also justifies something of a premium. So it remains one of my favourite shares, although I'm mindful that the price is looking a bit on the high side now.Also, note that the company appears to be inching towards doing a deal to integrate which is operated by one of the sons of BooHoo's founder. It's always been an uncomfortable conflict of interest, so I feel that BooHoo really has to exercise its £5m Call Option. Peel Hunt says it's "fairly certain" that BOO will indeed decide to acquire PLT before the Mar 2017 deadline.Longer term, I believe that BOO is likely to create new brands, and standalone websites, targeting different demographics. So the growth could continue for the foreseeable future.
harebridge: A good write up by respected Paulypilot (Paul Scott)Boohoo.Com (LON:BOO)Share price: 56.1pNo. shares: 1,123.3mMarket cap: £630.2m(At the time of writing, I hold a long position in this share)Q1 trading update - covering the 3 months to 31 May 2016. This is a strong update, with excellent (all organic) growth in all regions. Here are the highlights, highlighted:Forex - is expected to become helpful as the year progresses, helping margins, but it sounds as if this benefit will be recycled into lower prices for customers.Cost efficiencies - longer term, there is scope to improve the net margin, by automating the warehouse. It sounds as if, right now, the company is focused mainly on sales growth.Valuation - this is the tricky bit! Obviously this share has risen considerably, and on any conventional metric, it looks expensive. However, I find with rapid organic growth stocks, it doesn't pay to obsess over what the PER is. Remember that ASOS (LON:ASC) was on a crazily expensive rating for years, and still is - it's rated at 63 times current year forecast earnings - which doesn't make sense to me - ASC looks significantly over-valued.However, Institutions want these stocks, and are prepared to pay up for them. In my view, BOO shares are a far better proposition than Asos. BOO makes a much higher net profit margin, and probably has better growth potential from here (as it's smaller). I'm concerned that Asos may have grown so big that management might not be fully in control.As I've been saying for a while, BOO is expensive now. However, today's update shows us why. Where else can you find this type of very strong organic growth, on high gross margins? - there could be upside from BOO exercising its £5m Call Option, bringing this other family business into the fold. I feel that BOO will have to exercise this option, and remove a major conflict of interest for the family shareholders.An announcement that PLT is coming into the group could trigger a vertical move upwards in the share price, in my view. So the family shareholders will benefit from this too. Therefore I'm very keen to see this happen. PLT is performing very well, per press reports, and online stats.What this also shows though, is that BOO could become a multi-brand online retailer. It has key expertise on sourcing, and has also shown itself to be great at marketing, and pretty good at logistics too. In fact, I think BOO is demonstrating that it's good at everything! (contrary to a ridiculous research note from Panmures a while back).Therefore I think there is additional upside on BOO shares from this developing into a potentially giant group longer-term, operating multiple websites and brands. Management are extremely ambitious. There's loads of international growth to go for too.My opinion - I'm increasingly of the view that this share could just keep going up, much in the way that Asos did during its rapid growth phase. So, although it conflicts with every fibre of my being, I'm trying to look through the expensive rating that the shares are currently on. Although 40 times earnings this year, and 32 times next year, is not into bonkers valuation territory at all. It's probably about right for now, but I think the rating could even go higher potentially, who knows?Another key point is that this share is under-owned by institutions. If they want to own it, and clearly with this type of performance underway they will do, then the only choice is to pay up.Overall then, I'm very happy with today's update, and can't see any reason at all to sell. Mind you, looking at the chart, it's going to have to pause for breath, or retrace somewhat, at some point. I've no idea when though.I keep reminding myself, "Run your winners", as the saying goes!
3rd eye: Thats a good point richjp but Saucepan also makes a good point about the chart. Its all about which is the stronger, overhead supply (stale bulls) OR underlying demand, (eager newbies) wanting to get in and take a share of the pie. VOLUME must be tracked now on a daily basis. This being a democratic thread and sensible discussion taking place between bulls and bears I only feel it is responsible to present the bear argument from the Pros in a counter to Paul who presented or was presented here yesterday. Good set of results from Boohoo, but is the upside now priced in? By Gary Newman | Tuesday 26 April 2016 Online fashion retailer Boohoo (BOO) has undergone a steady recovery over the past 15 months or so, but I would question how much further this run of upwards momentum can extend. A poor trading update at the beginning of 2015 saw its share price plummet to the low 20s, but since then it has maintained an upwards trajectory and at a current share price of around 49p isn’t far off of the highest it has been since it’s IPO back in March 2014, which was very well received by the market at the time. There was certainly nothing in today’s preliminary full year results up to February 29 2016 that would cause me to offload quickly if I held here, but I do think it is starting to look a bit overheated after such a big recovery. Historically the current level of around the 50p mark has provided resistance – although in the past it hasn’t been hit after such a strong, sustained run upwards – and the PE ratio, of between 44 and 45 currently, also looks on the high side. In terms of the PE growth (PEG ratio) that currently looks about okay at around 0.93, but if the shares prices gets much higher that will move above 1 and would suggest that the share price was starting to get ahead of itself. Of course in isolation these figures are fairly meaningless as they don’t give a complete picture of any company and where it is going, but for this type of outfit which has potential for further growth I find them useful. In terms of the latest accounts, revenue was up a very healthy 40% to £195 million, gross profit rose 33% to £112 million, and pre-tax profit was up to £15.6 million, a rise of 42% on the previous year. Plus the company had plenty of money in the bank with over £58 million at the year end. The customer base has also seen fairly rapid growth, and in particular the Australian and US markets have been strong for the company, with international markets now making up roughly a third of total revenues. It is also encouraging that the company has managed to achieve this in spite of a reduction in marketing spend from 13.2% to 10.2% of revenue generated – although in monetary terms that will now be higher than the previous year, due to revenue now being a lot higher. The company has also been spending on the technology that it needs to carry on the success of the business, including android and iPhone apps, and £7.7 million went on extending its warehouse by 270,000 square feet, with a further expansion of 275,000 square feet currently underway. So in terms of the company itself and what it has achieved, plus where it seems to be heading, I actually quite like it and think that it has potential. What I am less sure about though is its current market cap of over £550 million as I think that prices in a lot of the current good news and therefore doesn’t offer such good risk/return as further upside is all down to continued good news and high levels of growth. We may not see that growth repeated, certainly to the extent that we have over the past year or so when the company has been in recovery mode, plus this is a very crowded market and many companies in this sector reach a ceiling where further growth drops off. I certainly wouldn’t be rushing to short this company – it has been a popular target in the past though, and most of those shorts closing may well have helped contribute to the share price recovery – as there is nothing fundamentally wrong with it that I can see. But for anyone who took advantage of buying anywhere near the lows, it would seem sensible to at least take some of that off of the table now, especially with plenty of companies seemingly offering better risk/reward. - See more at: hxxp://
paulypilot: Hi, Great to see the BOO share price steadily appreciating. I've been invited to attend the analyst meeting on 26 April, so all being well I should be able to get along to that. Looking forward. This is such a fantastic company, I love BooHoo - it's doing all the things we should have done at Pilot in the 1990s, but the market passed us by. Good on 'em! Great to see such a success story, well done to everyone involved, it's a wonderful Manchester success story. People are rightly proud of this team effort. Cheers, Paul.
harebridge: CITY A.MBoohoo's share price rises as revenue and profits jump29 September 2015 7:53amby Clara Guibourg Boohoo has shrugged off its problems from last Christmas (Source: Getty)Boohoo's share price climbed this morning, as the UK online retailer reported a jump in both revenue and profits.The figuresThe fashion etailer's revenue soared by 35 per cent in the first half of 2015, to land at £90.8m. Pre-tax profit was up to £6.3m, a rise of 39 per cent.The FTSE 250-listed company said it was now expecting a full year revenue growth of between 30 to 35 per cent.Boohoo's share price climbed 6.8 per cent on the news, however shares are still down in the year to date, after warm weather and delivery struggles over Christmas resulted in the company's shares tumbling by 40 per cent.Why it's interestingWith both revenue growth and pre-tax profits accelerating, Boohoo has clearly shown it's back on track after last Christmas's woes, when a warm autumn forced it to issue a profit warning sending its share price down over 40 per cent. UK sales are up 30 per cent, but figures in the rest of the world show the company's international expansion on track, as revenue jumped 65 per cent.However it will have to go some way to recover the losses to its share price since its IPO in March 2014, when it opened at 85p - 70 per cent higher than the 50p float price.What they saidCarol Kane and Mahmud Kamani, joint chief executives, said:We are pleased to report a successful first half, with strong revenue growth driven by acquiring new customers through our investments in price, promotions and marketing spend. We continue to invest in our brand internationally and our strategy to focus on key markets where we see the greatest growth potential remains unchanged.In shortBoohoo has released stylish earnings figures which show the company is back in fashion.
Boohoo share price data is direct from the London Stock Exchange
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