Boohoo Share Discussion Threads

[mauricemonkey] 06/7/2020 23:23

Or maybe he was aware of, and wanted to avoid, the Streisand effect. Which you've just proved he was right to fear.

There you go, you've learnt something tonight. You can add that to your bs hypothesis next time. You're welcome.

[ovenman] 06/7/2020 23:05

Agnih1r, agreed. There is obviously truth there but goodness it seems like every stone has been upturned from the last 20 years. Get to the bottom of the story, sort the problem and move on.

Oxford, how do you get to that conclusion. Let me answer for you, there is no logical link but you are short and want your moment of glory adding your made up little addition to the pile!

[the oxford whale] 06/7/2020 22:59

Umar kamani just deleted a tweet he made earlier saying "don't believe everything you read". Net must be closing in.

[agnih1r] 06/7/2020 22:58

Jaswal Fashions statement in Guardian;The company said in a statement it was not sure who was supplying all of its garments. Jaswal Fashions, which was initially named as the supplier in the Sunday Times report, told the Guardian it had not traded from the premises for two years.Times story losing credibility.

[mauricemonkey] 06/7/2020 22:47

Saltaire - your number and "analysis" are bs. They bear no resemblance to any kind of reality. If it takes a machinist 10 minutes, the labour cost at 8.75 an hour, per garment is £1.45. It adds less than a quid to the cost.
Yes the cost is more, assuming that the suppliers weren't just pocketing the wage money and falsifying books, but nowhere near as bad as you laughingly tried to make out saying clothes are going to cost them twice as much.

So, many assumptions.

The shorts are assuming all (or vast majority of) the clothes are being manufactured at sweat shops on illegal labour practises.
They're assuming that, even if this is true, Boo couldn't then source from somewhere else at similar cost.
Thus they're assuming margins are going to be hit significantly.
They also assume that in a fortnight once post lockdown party season gets going, Little Miss Partygoer who wants a new top is even going to care or remember.

I remain long. I accept the short term might go against me and I have a position I can afford to go to zero.

[telbap] 06/7/2020 22:27

I will be amazed if I can get a position on this tomorrow, or indeed if anyone can before it gets either suspended or stuck with a reduce position only by who ever your platform of choice is. Let's see...

[saltaire111] 06/7/2020 22:18

@mauricemonkey - as I explained in my post, my numbers were just to illustrate a point about the impact of NMW on BOO’s costs. Their third party supplier cost must be a significant cost to the business, and if their model’s built on a direct cost of £3.50 per hour for supply chain labour their price advantage is now toast.

The reason all these millions of kids buy their stuff is not because of their superior quality, it’s because it’s cheap.

I do think that the impact of NMW compliance within their supply chain is going to stuff them.

Salty.

[buywell3] 06/7/2020 22:08

It's the same the whole world over , It's the poor workers wot gets the blame
It's the rich wot gets the gravy , ain't life always just like that on AIM

buywell3 AD 2020
see BUY thread

[costax1654x] 06/7/2020 22:04

Warehouse will get shut by Monday

[costax1654x] 06/7/2020 21:43

Probably it will further drop tomorrow below 200

[telbap] 06/7/2020 21:33

Equally he could have paid £2m 3 years back and PLT flops......in all fairness what wold you have said?

[boohoo1] 06/7/2020 21:30

big question: what will happen tomorrow? My bet is the price will come down another 50p and then rally a little. The police are in. Govt wants to know. BLM.My view is that the bosses must have known. Everyone in the trade knows. So we are likely to lose some of the board. Prices of fashion will rise. Boo Hoo is in real jeopardy. Short.

[celerac1899] 06/7/2020 21:19

ill say it again

how can the founders pay their kids £200m for the balance on PLT when they could have bought it for £2m a few years previous

stinks
and the shareholder will get shafted

[robertball] 06/7/2020 21:04

Ftalphaville has a good post today

[robertball] 06/7/2020 21:04

Pretty Little PayHow about that for a new slogan...

[agnih1r] 06/7/2020 20:59

Interesting reading the posts and would say not all Leicester companies operate ethically, but...Morefray does not employee anyone on £3.50 an hour !Police/h&s came in on Fri and reviewed Morefray processes and procedures. They found a single issue to clear a fire exit which was resolved but there were no illegal workers and no unsafe working practices.In fact, Morefray employed a specialist Company 3 weeks ago to update working practices for employees ensuring to COVID-19 practices. They were also closed during the initial phase of the virus abiding to government guidance.

[celerac1899] 06/7/2020 20:39

Well said kendon

[investorboiii] 06/7/2020 20:38

I think in this instance the "influencers" are the important element. If Boo can show this issue cleared up and properly investigated then a new "trend" will put this back on a firm footing.

A few thousand comments on IG isn't too bad and if you look closer the comments are not from "target audience" but rather people looking to raise the awareness. I think that distinction is also a factor

[kendonagasaki] 06/7/2020 20:37

Asian Lives Matter!Shame on you Boo Hoo?

[bbmsionlypostafter] 06/7/2020 20:32

It's getting ugly -