Boohoo Share Discussion Threads

[bbmsionlypostafter] 06/7/2020 19:32

It's getting ugly -

[mauricemonkey] 06/7/2020 19:25

Saltaire, I suggest you go watch a really good machinist in action. There's no way it takes them 30 minutes to knock out an £8 garment. I'd be amazed if it took more than 10 minutes.

And as for losing the price advantage, they'll just source the clothes from somewhere even cheaper and increase the carbon footprint. Winner.

[christh] 06/7/2020 19:19

judge Dredd above spoke

[porsche1945] 06/7/2020 19:17

Well your daughters must be pretty naive, buying a dress for 7 quid even a total moron would suss someone somewhere is working as slave labour. Could leave Leicester locked down tho, would be one good thing to come out of this.

[ovenman] 06/7/2020 19:15

Investor, I hear and understand your level headed comments. I am long in BOO and have BOOBlue eyes as they say. I too think it will blow over however if there is more truth than fake truth then it shouldn’t blow over tbh, it does need a full in depth investigation.

Also, my daughters are early and mid twenties, both Boo buyers, professional careers, bot both would be shocked tbh if the truth outweighs the fake truth. Social media is both a maker and destroyer. With today’s current climate, the bottom of this scandal needs to be ascertained.

Still massively blue but not with rose tinted glasses!

[deangt] 06/7/2020 19:13

Any chance the reporter put a short bet on this mob before printing the story?

[jackson83] 06/7/2020 19:03

police should shut these crooks down.

[guruofcanada] 06/7/2020 18:54

The media has dug up dirt from years ago! Scandal after scandal for Boo! Boohoo had FULL knowledge of the conditions workers were forced to endure. You cannot rewrite history (unless you are already BAME Ofcourse). Yikes!

[tmmalik] 06/7/2020 18:24

If police raid this week it will fell to 200p

[rajstar] 06/7/2020 18:09

Please follow social distancing n orderely exit lines tomorrow.

[jackson83] 06/7/2020 18:06

maybe the warehouse will have to close??? BOOHOO have stated that that could happen

[saltaire111] 06/7/2020 17:47

I assume that bought in goods will be their biggest direct cost with marketing the second biggest (it may be the other way around but I assume buying stock will certainly be one of their biggest direct costs).

The cost price of those bought in goods will be determined by the direct cost of the materials and the labour overhead paid by the supplier together with the supplier’s margin. Let’s say that the direct cost of the materials amounts to say 33% of the cost of the garment and the supplier is on a 5% margin. That means that wages make up the other 62% of BOO’s biggest direct cost.

If suppliers in future have to pay minimum wage, they will have to inflate their wages cost by x2.5 times (8.75/3.50= 2.5).

So, say for example (and this is just made up numbers for illustrative purpose)a garment costs BOO £8.00 to purchase. The £8.00 breaks down as follows:

£0.40 supplier margin
£2.64 materials
£4.96 wages

In the new world, where the supplier has to pay minimum wage, the labour cost increases x2.5. So in this example the cost shoots up 2.5x£4.96 = £12.40. It makes the garment cost price to BOO £15.44. It makes a massive difference.

Now my numbers in this example are undoubtedly wrong. I’ve plucked them out of the air to illustrate a point but the basic premise is sound. BOOs massive advantage in this game is price, and I think they’ve just lost that advantage.

Salty.

[porsche1945] 06/7/2020 17:46

This is toast, i wondered how they could sell this stuff so cheap. Who next i wonder, ftse 350 dire, lse will list anything but aim a disaster area. I expect asos back to a tenner after next update.

[celerac1899] 06/7/2020 17:27

I hardly ever short - I only do on sure fire bets - and today was sure fire




christh
6 Jul '20 - 16:30 - 17477 of 17498
0 2 0
celerac18996 Jul '20 - 16:13 - 17473 of 17475
easiest short ever u moron

I do not short you moron!

I am an investor not a gambler.
You glorify shorting but you never mention how much you have been screwed up when the prices shot up!

[jackson83] 06/7/2020 17:13

100p after the police investigation / bad news hits boo hard.

[rajstar] 06/7/2020 17:11

Ok agree, benefit of doubt in your favour. Let's see how the week unfolds

[christh] 06/7/2020 17:03

In here seems that they concluded as judge jury and executioner.

They condemn the party concerned guilty as charged and not given the chance to defend itself.

We expect an rns tomorrow.

[shanksaj] 06/7/2020 16:41

Friday - 250p

[rajstar] 06/7/2020 16:25

Post 17487 read it again rampers. RNS tomorrow that boohoo don't know Jaswal LOL. How many times did Umar khamani visit Leicester factory over the last 2yrs? Guards, labourers n cameras don't lie. Placing and Rejecting millions of orders and buying it for 0.50p a piece in bulk for the books. DYOR AIMHO

[gozzie2] 06/7/2020 16:24

https://technocodex.com/markets-now-monday-6th-july-2020/