Boohoo Share Discussion Threads

[christh] 15/11/2018 10:06

Wednesday 14 November 2018 4:49pm
Former UBS trader Kweku Adoboli 'on the Heathrow tarmac' ahead of imminent deportation

Former UBS rogue trader Kweku Adoboli could be deported to Ghana this evening, his legal team has said.

The 38-year-old, who left Ghana at the age of four and has lived in the UK for 26 years, is believed to be waiting on the tarmac at Heathrow airport ahead of his imminent deportation.

Adoboli was convicted on two counts of fraud in 2012 after his unauthorised trading lost the Swiss banking giant £1.8bn – and in 2014 the Home Office issued him with a deportation order on the grounds that he was a foreign criminal.

He was released from prison in 2015 after serving around half of his seven-year sentence.
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CFA Institute Talk
Bitcoin: New Asset Class or Pyramid Scheme?

In September he was spared deportation just hours before his flight was scheduled to leave and then released from detention.
But on Monday he was again detained after a judicial review was once again dismissed by a judge.
His lawyer Jacqui Mackenzie said he was set to board an Air Morocco flight at 5pm.

Labour MP David Lammy criticised the move and its timing amid the final stages of a Brexit deal.

He said: “As the press is consumed by Brexit, the Home Office is about to deport Kweku Adoboli to a country he hasn't lived in since the age of four.

“This is a disgrace and brings great shame on the UK.”
www.cityam.com/269120/former-ubs-trader-kweku-adoboli-heathrow-tarmac-ahead?utm_source=newsletter&utm_medium=email&utm_campaign=181114_Fiveat5

[yopf] 15/11/2018 09:38

I think we will see a declaration of RNS soon

[hootza616] 15/11/2018 09:27

Heard this a few times here, so in your opinion yopf, how does a share like BOO get "held back"

[yopf] 15/11/2018 09:24

Convinced this is being held back for a reason. This coming week is going to be interesting in the run-in the cyber trading day.

[hootza616] 14/11/2018 18:19

Nice one Villa!May join you next time!Christh - you are funny!

[villarich] 14/11/2018 14:15

Sold my trading shares at 214.7. A nice quick 4 points. Will be back if it touches 210 again.

[christh] 13/11/2018 12:19

215 likely to be tested...

[christh] 13/11/2018 11:13

Dow Jones will open up about 500 points and maybe higher.

Get ready for the Xmass rally!

[christh] 13/11/2018 10:39

Black Friday
The Boohoo Black Friday sale starts soon. So mark your calendars, set your clocks and get ready for the sale of the season.

23 November

[villarich] 13/11/2018 08:36

Not sure we'll see 215 today as that would be a 3% rise but maybe this week. I'll take it nonetheless

[christh] 13/11/2018 08:09

It will hit 215p today, Buying will restart.

[hootza616] 12/11/2018 21:17

Hold your nerve Villa, it will be back at 220 after Xmas even if it drops more from here these next few weeks. No point losing cash by selling. Just top up as it drops!

[villarich] 12/11/2018 18:59

I'm just going by the chart. 210 has proved to be a decent support level for the last couple of weeks. I'm looking for a pop to 215. Sods law it drops now I've pulled the trigger! If it does then I'm bailing sharpish

[hootza616] 12/11/2018 18:08

Oh Villa, you have got me wondering about the 209 price now!Will it go lower before the media blow Black Friday out of all proportion again? Then BOO goes to 220, not because they did any better than expected, but because the high street did a whole lot worse than previous years.Mmmm, wait or buy?Think I'll split the difference and look for 205 by Friday, otherwise it's all yours my friend! Best of luck all!

[villarich] 12/11/2018 17:46

Thanks Yopf, I hope so too. It's just a short term trade to play the 210 - 215 range. I'm trying out a different, very short term trading strategy to complement the shares I'm holding forever.

[yopf] 12/11/2018 17:01

This should get exciting in the run in to Black Friday as shorters will be reluctant to be in position if a trading statement comes.

I'm expecting good numbers from BOO. I think Villa will get 215 quite easily.

[villarich] 12/11/2018 15:27

Finally got some at my trigger price after waiting a few days. Short term trade only, looking for 215 min

[villarich] 12/11/2018 15:26

You see, everything has just gone straight over your head. Pathetic.

[christh] 12/11/2018 15:18

OK Coral!
you name the place and the time!

[villarich] 12/11/2018 11:56

You said - "The market does not reflect a true picture, a true value of the company,the NAV."The NAV per share (the total NAV divided by the number of shares in issue) is 17p SEVENTEEN PENCE!!So what you're saying is you want the market to value BOO by its NAV?If you do then you really are stupid.

[christh] 10/11/2018 09:42

Dressed to kill: will Boohoo’s results leave high street chains in tears?

Shane Hickey
The online retailer has been clothing itself in glory, but a £50m incentive scheme for its new boss has raised eyebrows for more than one reason
Sun 23 Sep 2018 06.59 BST

Boohoo has struck deals with celebrities such as Spurs footballer Dele Alli in an effort to boost its appeal among young fashion lovers
Boohoo has struck deals with celebrities such as Spurs footballer Dele Alli in an effort to boost its appeal among young fashion lovers

Will the brisk rise of online fashion company Boohoo continue? Incoming chief executive John Lyttle will certainly be hoping so: a £50m bonus payout depends on it.

The retailer’s interim results, out on 26 September, will illustrate whether the strong growth the company has been enjoying of late has continued. In June, it reported that sales had increased by more than 50% in the previous three months compared with the previous year as young consumers flocked to buy its inexpensive clothes.

It emerged last week that Lyttle had been poached from Primark, where he was chief operating officer, and is in line for a multimillion-pound bonus if shares in the company rise by 180% over the next five years.

This would have the effect of increasing Boohoo’s stock market value from about £2bn to £5.6bn.

It is a formidable task for Lyttle, who starts in the position next March.

The Aim-listed company has grown considerably since it was set up in 2006 by Mahmud Kamani and his business partner, Carol Kane. The duo previously worked as wholesalers supplying chains such as Primark and Topshop, and shared the role of chief executive. They will both remain on the board after Lyttle joins.

Boohoo has grown by winning sales from traditional high street retailers, and attracting a generation of shoppers that buy via mobile phone and take style influences from social media.
Last Christmas, sales doubled as young women turned to its website for party outfits and gifts.
It also saw a burst of sales around November’s Black Friday promotion, when items were discounted by between 30% and 60%.

The Manchester-based company, which also owns the PrettyLittleThing [PLT] and Nasty Gal online brands, specialises in low-cost clothing and targets young shoppers with limited finances. Its main competitors are high street chains such as Primark, New Look, Miss Selfridge and H&M. But since 2011, Boohoo’s sales have risen 24-fold to about £580m for the year to February, boosted by promotional deals with celebrities such as England and Tottenham Hotspur footballer Dele Alli.

The potential bonus payout to Lyttle has raised eyebrows at a time when executive pay packets are looming large on investors’ radar. The High Pay Centre, which monitors the remuneration of top executives, said it was difficult to justify rewards on such a scale, and that payouts of a fraction of that sum in other companies had generated anger among shareholders.

Boohoo said last week, however, that the incentive plan had been agreed with major shareholders of the company, whose largest investor is South African financial services group Old Mutual.

Commentary from broker Shore Capital before the interim results said it expected the sales momentum at the company to have continued between March and August this year and welcomed the appointment of Lyttle. “Appointing an external CEO with proven international clothing credentials and a fresh pair of eyes on the operations of the fast-growing international clothing brand is a good thing. The share incentive scheme for the new CEO (maximum payout of £50m) would be triggered if the market capitalisation increases to £5.6bn (180% rise) over five years [and] is a statement of intent of the ambitions of the group, in our view,” it said.

Boohoo’s success is reflective of the trend for retailers with strong digital operations to prove more immune to the downturn in consumer demand than those with large store networks to run.

[hootza616] 09/11/2018 20:04

Best advice I can give is listen more and speak less!

[hootza616] 09/11/2018 20:03

We are all pawns in a much bigger game than we can afford to play! All we can do is hope to guess right and make a little cash here and there!