Boohoo Share Discussion Threads

[guruofcanada] 09/8/2019 11:45

UK economy one step closer to recession since last one in 2008

Did you read the simplywall.st appraisal of the share price? OVERVALUED in all segments

[christh] 09/8/2019 11:42

The Group has acquired the online business and all associated intellectual property rights from the administrators of Karen Millen Fashions Limited and Karen Millen Retail Limited, both of which entered into administration on 6 August 2019, for GBP18.2m, funded by the Group's existing cash resources.

Founded by Karen Millen and Kevin Stanford in 1981, Karen Millen is known globally for creating beautifully crafted fashion for confident women who know their own style. Coast was founded in 1996 with the belief that life is for living, fashion should be fun and dressing up is for every day.

The Group believes that the online business of these brands are highly complementary additions to its scalable multi-brand platform and their acquisition extends the Group's offer as part of its vision to lead the fashion e-commerce market globally.

In its most recent financial year to February 2019, unaudited management information shows that direct online sales from the websites of Karen Millen and Coast totalled GBP28.4m.

John Lyttle, Group CEO, commented:

"The acquisition of the online business of two great and renowned British brands in Karen Millen and Coast represents another milestone in the Group's growth story as it continues to invest in its scalable multi-brand platform and gain further share in the global fashion e-commerce market."

[guruofcanada] 09/8/2019 11:34

and all that will happen by next week? You really are the village idiot of Peshawar. With such a high PE this is a shorters dream. I hope you get caught when they do start the surge!

[christh] 09/8/2019 11:29

Use your brains .....
Boo saw value in the company and bought the online business only.
They will take over their database clients and built on it

Time is running out for shorters

[guruofcanada] 09/8/2019 10:47

Oh really KM profitable? Is that why they are INSOLVENT? Fool!

[christh] 09/8/2019 10:33

You use your brains!!!!!
Do not spread unfounded roumours about companies you know nothing about!

Boohoo is a very profitable company and its a quality stock.
It has come down from the all time high of 280p but reccommendations now wiĺl push this to 325p and higher.
So its pointless suckling on your own fermented excuses to convince us on non existant fantasies.

[guruofcanada] 09/8/2019 10:25

Who cares about Burford? What does that have to do with an overvalued PE/PEG on boo?

[christh] 09/8/2019 10:22

Burford claimed Muddy Waters’ 25-page report, which sent the stock 47% lower yesterday, featured ‘many factual inaccuracies, simple analytical errors and selective use of information’, and argued the bear raid had ‘the hallmarks of market mainpulation’.

‘Short attacks such as this are a fundamental menace to an orderly market and to the value inherent in long-term investing in companies such as Burford that are revolutionising industries,’ it said.

‘Burford is well equipped to investigate and pursue market manipulators, and as stewards of investor capital, we are exploring doing so here, cognisant of the substantial losses our investors have suffered.’

The Alternative Investment Market-listed company labelled Muddy Waters’ claim it was ‘arguably insolvent’ as ‘baseless̵7;.

‘Burford is solvent, generates strong cash flow and has good access to expansion capital,’ it said.

The litigation financier devoted a substantial portion of its response to its financing of US biotech company Napo’s legal battle with rival Salix.

The case formed the centrepiece of Muddy Waters’ report, with the short-seller accusing Burford of reporting an ‘illusory̵7; return and fund group Invesco of being ‘complicitR17; by effectively bailing out the biotech stock.

The short-sellers highlighted the high returns on capital Burford reported on the case in 2013 and in 2014, the year Napo lost its legal battle with Salix.

But Burford claimed that return related to other cases. ‘Burford structured its financing agreement with Napo so that its recovery could come from not just Napo’s dispute with Salix, but from other litigation as well,’ it said.

‘As it transpired, a litigation matter other than the Salix matter resolved first, and resulted in an entitlement for Burford. That is the figure shown in Burford's 2013 reporting.’

Burford dismissed Muddy Waters’ claim it was complicit with Invesco in its handling of the case. The US short-seller alleged Burford was only able to salvage its investment after funds run by Mark Barnett for Invesco, its largest shareholder, took part in a share issue by Jaguar after its merger with Napo.

Invesco said in response to the allegations yesterday that it had been an investor in Napo since 2006 as it refuted ‘any accusation of improper or unethical behaviour’.

Burford said in its response that given its institutional investor backing ‘it is not at all unusual for Burford to be providing financing to - or to be adverse to - companies held by its investors’.

‘Out of these straightforward facts, the report attempts to outline a groundless conspiracy between Invesco and Burford (throwing in Neil Woodford's name for headline value),’ it said.

‘There was no complicity and not a moment’s thought that Invesco was making further investments in Napo “purely to perpetuate a mythical return on invested capital” as the report suggests.’

[christh] 09/8/2019 10:18

GURU BE CAREFUL
------------------
Burford returns fire on short-seller as funds count cost
By Daniel Grote 08 Aug, 2019

Shares in Burford Capital (BURF) have lifted from lows after the litigation financier issued a lengthy response to allegations made by US short-seller Muddy Waters, which launched a bear raid against the stock yesterday.

The stock rose as Burford issued its rebuttal, climbing from the day’s low of 564.5p to 736p, up 22% on the day. But the shares remain well down on the near-£14 level at which they were changing hands before rumours of Muddy Waters’ attack began to spread in the market on Tuesday.

[guruofcanada] 09/8/2019 10:16

Christh. The investment is great LONG term! But for right now it is a loss making business. You need to differentiate between long term and short term, if you don’t you will be the one feeling dizzy when you wonder why the CEO expresses deep concern over brexit and the share price drops significantly - apparently for no reason! You seem to think everything will happen overnight! A hard brexit would stop all that growth in the EU very quickly until they are able to setup new facilities that they have not prepared for.

[christh] 09/8/2019 10:06

Is Booboo's aquisition a quality investment?
Is it bringing diversity?
Is it expanding its approach to a new class of customers?

The results by the way are on 25 September

[guruofcanada] 09/8/2019 09:53

If you had looked at the L1/L2 data recently I was the one with multiple 20,000 sell orders. I am open enough to warn people in advance that I expect a drop and just like every other trader I see opportunities in both directions. I will follow the big boys but I feel sorry for the PIs who are always the ones to get burned.

[hootza616] 09/8/2019 09:31

Hi GuruYou used to boast about your short position when the PE was too high, but it seems this time your not putting your money with your mouth?If you are right, where are the shorts?At least the village idiot has the conviction to hold and wait for the broker predictions.

[guruofcanada] 09/8/2019 08:14

Don’t trust the village idiot! Certain people only spout numbers to support their own selfish gain. They won’t share opinions that are fair and unbiased. Look at the facts! Not only does the simplywall.st analysis say overvalued you only need to look at AIM volitity. There only has to be a sneeze and this falls 5% within minutes. Buyer beware here. I won’t deny that the future is strong and that brokers (who make money out of how their customers trade) have higher targets, but those targets and even the bonus for J Lyttle are very long term goals. PIs would need to buy and forget for years to see a good return. The share price dropped to 148 just 12 months ago on brexit fears - that could be back to haunt shareholders again soon.

[guruofcanada] 09/8/2019 08:01

PE of 75? Did you read the simplywall.st analysis? This share is massively overvalued on all fronts. PEG is crazy.

And I have traded more shares in this company that you can imagine!

[10helen] 08/8/2019 10:36

Only so many times you can say the same thing. Do you actually have any Boo shares?

[guruofcanada] 07/8/2019 20:39

Talk of AIM regularities today? Seriously! You can’t invent this stuff to blame why boo fell! It needs to fall much much further to be of fair value. Anyone buying now will only see their investment drip away. Check out value on simplywall.st and you will see it is overvalued - and that’s without brexit!

[guruofcanada] 07/8/2019 18:59

I have to say the stepford wives is equal to this scene. It’s almost like a rally for their cult? PE value for boo still far too high.

[guruofcanada] 07/8/2019 15:00

ASOS down nearly 5%

If only you had known earlier today???

[guruofcanada] 07/8/2019 14:59

ASOS down nearly 5%

If only you had known earlier today???

[guruofcanada] 07/8/2019 14:53

You do understand that the KM brand is currently LOSS making??? It will take a long time to make profits for the company.

Can I ask why so many idiots ask “why doesn’t John invest his own money”? Seriously? Why does he have to? Also, why are mostly Asians trading this share?