Boohoo Share Discussion Threads

[ghostme] 13/6/2019 09:41

See guru is making a mess of himself as usual desperate comes to mind

[guruofcanada] 13/6/2019 09:05

Based on what gareth?

[gareth004] 13/6/2019 08:36

Should break the 250 before long...

[guruofcanada] 13/6/2019 08:10

Trade the news tcarter! Trade the history

[tcarter66208] 13/6/2019 08:03

Guruofcanada you were chatting of big shorts a few weeks ago.... Like it's going bk to 180

[villarich] 12/6/2019 18:28

Nice try tho baller. You look a bit silly now don't you?

[villarich] 12/6/2019 18:28

Gosh yeah you're right. Thing is I said 8.55. My entry was 222.87. Sold at 233.2. So yeah just over a grand today. Lovely bubbly

[balerboy] 12/6/2019 17:41

At 9:55 the ap was 230p the best you could sell at was 235p..... nice very little earner.

[villarich] 12/6/2019 16:28

Just closed out my long I opened at 8.55 this morning. Have been in meetings all day so set a stop loss. Nice little earner :-)

[guruofcanada] 12/6/2019 12:52

It’s overvalued for right now, that’s all. How many companies are valued at 70+ times earnings? Even with stellar growth you need to be realistic about value at some point. Good LONG term hold for years down the road, just not today.

[balerboy] 12/6/2019 12:10

Boo has exceeded expectations for the last couple of years but .....the markets not impressed.

[guruofcanada] 12/6/2019 12:00

Christh. I think you are plastic. You can’t make up your mind on what target to set! The market seems to suggest something very different to you each time!

Back to the plastic, though. The BBC are doing a documentary on waste plastic and fast fashion seems like a target in their path!

PE still high so 9 months to earn a re-rating.

[christh] 12/6/2019 11:52

AlgorithmicX,
thanks, very good synopsis and good analysis by both brokers.

Looking forward to 300p-325p by year end given the performance is ongoing for the rest which undoubtly will exceed it.

[algorithmicx] 12/6/2019 11:47

PEEL HUNT

Relevance wins. Despite the weak High Street and industry data, boohoo has enjoyed one if its strongest weeks outside of peak in May, as the group’s brands continue to resonate strongly with customers across all markets. Group revenue growth of 39% for Q1 came ahead of consensus (+35%) but behind our top-of-the range 43.8%. Group gross margin was down 20bps in the quarter, in line with our expectations. Combined group performance put boohoo at the top of the UK Hitwise rankings in May, for the first time. By territory, the group continues to make strong progress across all markets, with UK +27%, Europe +72% and the US +64%. boohoo brand momentum continues. boohoo brands continued the strong momentum shown in P4 (Jan/Feb 2019), with sales up 27% to £123.5m, coming in ahead of consensus (18%) and PHe (25%). Strong gross margin performance, +210bps illustrates the strength of the offer.

Nasty Gal starting to resonate in the UK. Nasty Gal also performed strongly, with the brand is running ahead of PLT at the same stage in its lifecycle. Sales increased by 153% to £18.2m, ahead of PHe (+132%) and consensus (74%). Medium term growth assumptions for Nasty Gal are relatively modest (50%-60% for the next two years) against the aggressive historical growth profiles of boohoo and PLT, suggesting medium term upside if Nasty Gal can develop into a similar scale business as the lead two brands. PLT sales +42%, but below consensus. The gap to our numbers was on PLT, with sales up 42% – consensus was looking for 53% growth, PHe assumptions were set at 60%. Coming up against c+160% comparatives, we are very relaxed on performance, as PLT continues to deliver strong growth and customer KPIs. Both the market and our growth profile assumes a slowing growth rate over 2019/20. PLT margins were also down 280bps over Q1, coming up against tough comparatives. Looking ahead, PLT comparatives fall sharply in Q2 against last year’s warehouse move, suggesting the growth rate should pick up.

Forecasts unchanged, reiterate Buy. The Buy case for boohoo is built on the foundation of global relevance and significant medium term potential across all markets, rather than quarterly targets. The resurgence of boohoo brand and the development of Nasty Gal both score highly on this front. PLT’s growth rate against tough comparatives remains impressive, albeit below market expectations this quarter. Overall, this another strong performance against a weakened High Street backdrop. Trades on 42x PER, 21x EV/EBITDA, 2x sales the shares trade on a deserved premium to peers

[algorithmicx] 12/6/2019 11:46

PANMURE

Boohoo has reported impressive Q1 growth with strong gains across all regions. We believe the business is strategically well positioned for long term expansion and that current run-rate growth is undervalued. Strong Q1 performance. boohoo continues to deliver exceptional growth with revenue +39% to £254m. A 27% uptick in UK revenue -the most mature region, representing 57% of revenue in 2019A –strikes us as particularly impressive given the challenging UK consumer environment. Gross margin maintained at c55%. No change to forecasts. The business looks to be running ahead of our estimates (2020E FY revenue growth +31%) however we consider it too early to push through upgrades. Management guidance also remains unchanged.

Powerful platform for expansion. boohoo is delivering impressive growth across all brands (boohoo +27%, PrettyLittleThing +42%, Nasty Gal +153%) and all regions (UK +27%, EU +72%, US +64%, RoW +26%). We believe this demonstrates the effectiveness of the model with its fast fashion, value-led offering winning market share. High stock turn and limited software development spend results in substantial cash generation (net cash increased to £194m), providing the resources to self-fund further expansion. Reiterate BUY recommendation. With a multi-brand, international strategy we believe boohoo is well positioned for long term expansion and that the current run-rate of growth is being fundamentally undervalued. Benchmarking against Inditex we see upside of over 30% to the current share price.

[christh] 12/6/2019 11:33

Revenue jumps 39% at Boohoo Group

12 June 2019 By Katie Imms

Boohoo Group has reported a 39% increase in revenue to £254.3m for the 3 months to 31 May.





10:10 Broker Forecast - Jefferies International issues a broker note on Boohoo.com Plc

Jefferies International today reaffirms its buy investment rating on Boohoo.com Plc (LON:BOO) and raised its price target to 300p (from 280p).

Story provided by StockMarketWire.com Broker...

[markycrispy] 12/6/2019 11:31

Am pleased I topped up but seriously this is a long term hold

[christh] 12/6/2019 11:29

Plastic, think of plastic.............. food for guru


BOO going places....tomorrow an assault at 245p-------->255p

Hope is not become a takeover.

With the growth shown, who knows

[bulltradept] 12/6/2019 11:16

Yes, you could be right, we shall see where Mr Market finishes today though. As always it's a moving and fluid situation.

[guruofcanada] 12/6/2019 11:02

Bull, I think you know what I really think! Just don’t want numpties following my trades. Questions for you though; no deal WTO trading, what do you think the real cost would be to Boo? USA growth could potentially offset EU but they need to move manufacturing?

[bulltradept] 12/6/2019 10:55

Perhaps it is true, Boo will really achieve what the most optimistic think...? Take in to account US growth, which appears to be accelerating, (if I have that correctly), interesting times...

[guruofcanada] 12/6/2019 10:53

There’s nothing wrong with a bit of daytrading. That’s the part ignorant people like christh don’t understand. You CAN trade both directions

[balerboy] 12/6/2019 10:39

You'll be licking your wounds guru when the share price drops to its norm of 190p

[balerboy] 12/6/2019 10:36

Still waiting for an share price of 280 then over 300...... ...