Boohoo Share Discussion Threads

[scepticalinvestor] 10/2/2021 10:03

And back to the 360s...

[derf1953] 10/2/2021 09:45

Ticking up nicely.

[chainsaws] 10/2/2021 09:31

WARNING - BEWARE OF A BOOHOO "DEAD CAT BOUNCE"
==================================================

In finance, a dead cat bounce is a small, very brief, very short-term recovery in the price of a declining share (Boohoo). Derived from the idea that "even a dead cat will bounce if it falls from a great height"

Thereafter, the share price (Boohoo) continues FALLING !!!

[chainsaws] 10/2/2021 09:18

THE EXPERTS’ VIEW............. BOOHOO PLC IS STILL A "SELL"
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Shore Capital (Stockbrokers) reiterated its ‘sell’ rating on Boohoo, despite the current momentum in the business, seeing ‘potential pressure on gross margins and rising central costs following the company’s admission that it needs to change its approach to the Leicester textile industry. We look for further clarity on potential wider investigations by other authorities before giving the company a clean bill of health.’

Russ Mould, investment director at AJ Bell, pointed out there are ‘some notable headwinds to consider, all of which will push up costs. Customers returning fewer clothes helped boost the gross margin but Boohoo is now guiding for return rates to drift back to historic levels. Delivery costs have become more expensive for overseas markets and marketing spend is going up. The retailer will spend more on improving operations and IT.

‘If that wasn’t enough, there are the extra costs relating to actions from the recent review of its supply chain. Boohoo has pledged to improve its governance and be more focused on supply chain compliance, all of which will cost time and money.’

Mould added: ‘Boohoo has been under attack for some time by short seller SHADOWFALL which has now come out with more questions about the company’s actions.

For example, it wants to know the value of the claim being pursued by a class action lawsuit in the US relating to alleged “false and deceptive” advertising practices, and whether investors were made aware of the legal claim ahead of the £198 million share placing in May.

[chickndinner] 10/2/2021 03:36

Keep dreaming 🥱

[chickndinner] 10/2/2021 03:34

1 word. Tominay 🤣

[ukneonboy] 09/2/2021 18:05

Another £25.2 million paid out (wasted) by Boohoo for 3 more "dead" brand names and their obsolete customer databases.

That's on top of the £55 million wasted on the "dead" Debenhams brand name and its out of date customer database

The Arcadia Administrator & Liquidator must be laughing his socks off, right now......... having got £80 million out of Kamani !!!!



The City of London Analysts & Traders are definitely laughing.

High Street rivals, including Next PLC, ASOS PLC, JD Sports PLC and Frasers Group (Sports Direct) are all laughing.

[chainsaws] 09/2/2021 10:20

The Smiling Assassin intends to level the great Retailing Divide
===========================================================================

Online Retailers are very firmly in the sights of Chancellor Rishi Sunak, following another report that the UK government is considering a tax raid on online retailers that have profited from the CoVid pandemic.

Analyst, Neil Wilson, from Markets.com stated, “This may raise a question about opportunistic taxation policy - the UK Government is meant to be pro-business - however most people feel online retailers are NOT paying their fair share and the burden is falling too heavily on struggling high street stores,”

It clearly doesnt make financial sense that bricks-and-mortar businesses pay more in tax than similar rivals that are essentially Internet Only.

The much mooted 3% Internet Sales Tax is likely to be levied on Turnover (sales) and aimed squarely at online transactions represents bad news for ALL online retailers, from the largest like Amazon right down to the likes of Boohoo and ASOS.


.

[chainsaws] 09/2/2021 10:19

CHANCELLOR WANTS TO LEVEL UP THE PLAYING FIELD IN RETAILING
---------------------------------------------------------------------------

Interesting comments in the Weekend Sunday newspapers about the possible introduction of an ONLINE SALES TAX, primarily aimed at all UK ONLINE retailers including Amazon, ASOS, Boohoo, AO, Next, etc

The broadsheet newspapers seem to be implying that Chancellor, Rishi Sunak is reportedly considering plans to levy a surcharge on ALL INTERNET RETAILERS, to help offset the loss of income received from Business Rates, following the closure of empty, vacant high street shops.

Sunak is understood to be currently considering bringing in a 3% levy or surcharge based solely on INTERNET RETAILERS' turnover (sales) and not based on INTERNET RETAILERS' Pre-Tax Profits, that was first mooted before Christmas.


.

[sutton3] 09/2/2021 10:07

Alibx11; Another great find I hope those interested will look at content.

[chainsaws] 09/2/2021 08:04

THE EXPERTS’ VIEW............. BOOHOO PLC IS STILL A "SELL"
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Shore Capital (Stockbrokers) reiterated its ‘sell’ rating on Boohoo, despite the current momentum in the business, seeing ‘potential pressure on gross margins and rising central costs following the company’s admission that it needs to change its approach to the Leicester textile industry. We look for further clarity on potential wider investigations by other authorities before giving the company a clean bill of health.’

Russ Mould, investment director at AJ Bell, pointed out there are ‘some notable headwinds to consider, all of which will push up costs. Customers returning fewer clothes helped boost the gross margin but Boohoo is now guiding for return rates to drift back to historic levels. Delivery costs have become more expensive for overseas markets and marketing spend is going up. The retailer will spend more on improving operations and IT.

‘If that wasn’t enough, there are the extra costs relating to actions from the recent review of its supply chain. Boohoo has pledged to improve its governance and be more focused on supply chain compliance, all of which will cost time and money.’

Mould added: ‘Boohoo has been under attack for some time by short seller SHADOWFALL which has now come out with more questions about the company’s actions.

For example, it wants to know the value of the claim being pursued by a class action lawsuit in the US relating to alleged “false and deceptive” advertising practices, and whether investors were made aware of the legal claim ahead of the £198 million share placing in May.

[chainsaws] 09/2/2021 07:48

If implemented by the UK Government, it will be the job of HM Revenue & Customs to collect this 3% Internet Sales Tax direct from retailers like Boohoo, but in terms of "who pays" it largely depends on, if Online Retailers can pass on these extra costs directly onto customers via higher prices.

Any "internet only" retailers relying on low prices, low profit margins and large volumes of sales, is likely to feel the pain.

[priteshpatel9] 09/2/2021 07:37

Guess who pays that extra tax?

[chainsaws] 09/2/2021 07:31

The Smiling Assassin intends to level the great Retailing Divide
===========================================================================

Online Retailers are very firmly in the sights of Chancellor Rishi Sunak, following another report that the UK government is considering a tax raid on online retailers that have profited from the CoVid pandemic.

Analyst, Neil Wilson, from Markets.com stated, “This may raise a question about opportunistic taxation policy - the UK Government is meant to be pro-business - however most people feel online retailers are NOT paying their fair share and the burden is falling too heavily on struggling high street stores,”

It clearly doesnt make financial sense that bricks-and-mortar businesses pay more in tax than similar rivals that are essentially Internet Only.

The much mooted 3% Internet Sales Tax is likely to be levied on Turnover (sales) and aimed squarely at online transactions represents bad news for ALL online retailers, from the largest like Amazon right down to the likes of Boohoo and ASOS.

[melegramfortongo] 08/2/2021 20:30

Skeppy and his huge uptrend post 😂😂

“ everyone can see the huge uptrend “

Cue 5% drop

😂😂😂😂


NO REAL KNOWLEDGE .
NO CREDIBILITY .
NO IDEA .

Skeptical investor — the ROULETTE WHEEL INVESTOR

[hotaimstocks] 08/2/2021 19:56

THE MEDIA HATES BOO BOO STILL..
will wait for 150p entry before I buy back in

[hotaimstocks] 08/2/2021 19:14

excellent news bitcoin loves everyone.

[chainsaws] 08/2/2021 18:15

CHANCELLOR WANTS TO LEVEL UP THE PLAYING FIELD IN RETAILING
---------------------------------------------------------------------------

Interesting comments in the Weekend Sunday newspapers about the possible introduction of an ONLINE SALES TAX, primarily aimed at all UK ONLINE retailers including Amazon, ASOS, Boohoo, AO, Next, etc

The broadsheet newspapers seem to be implying that Chancellor, Rishi Sunak is reportedly considering plans to levy a surcharge on ALL INTERNET RETAILERS, to help offset the loss of income received from Business Rates, following the closure of empty, vacant high street shops.

Sunak is understood to be currently considering bringing in a 3% levy or surcharge based solely on INTERNET RETAILERS' turnover (sales) and not based on INTERNET RETAILERS' Pre-Tax Profits, that was first mooted before Christmas.

[hotaimstocks] 08/2/2021 18:07

looks like a few people like myself banked profits and put into bitcoin - target price $1m per coin by 2025

[transhoneyqueens] 08/2/2021 16:51

ASOS looking cheap now.