Boohoo Share Discussion Threads

[dalep716] 10/7/2020 17:39

Another thing, while workers should receive fair pay, who benefited from the expose is my question. Links in this direction, all links, is now what needs to be exposed.

[dalep716] 10/7/2020 17:36

It is frankly ridiculous that Aberdeen has taken the action it has. An issue has arisen which Boohoo has begun to address in a comprehensive manner. What else is there to be done?

[kasspass] 10/7/2020 17:34

Wow the more the little boys talking down this stock the more big boys snapping them up on the cheap.

[sogoesit] 10/7/2020 17:26

Yes, good price action imv.
High volume and good absorption.
Probably a lot of buyers at the bid but gotta be a lot at the offer too.
Should turn around to the offer when the weak holders (dross) are cleaned out in the coming days.

(Just a note that 85% of fund managers don't beat the market).

[henchard] 10/7/2020 17:26

I've now been through every page on the BOO investor relations website and can't find the "significant shareholders" information required under AIM Rules.

In my experience, companies that flout the "little rules" often prove to be up to their necks in much bigger criminal activities.

Who should I drop an email to? Nomad Zeus Capital? AIM Regulation? Or the Sunday Times?

[invester2010] 10/7/2020 17:19

nearyly 10mill buys atfter hours! new there was buyer here!

[jackson83] 10/7/2020 17:14

should see 220p Monday as poor working conditions at boohoo ( breaking news today ) FUNDS WILL BE SELLING OUT AGAIN NEXT WEEK.

[hotaimstocks] 10/7/2020 17:12

should see 220p Monday as poor working conditions at boohoo ( breaking news today ) FUNDS WILL BE SELLING OUT AGAIN NEXT WEEK.

[thetoonarmy2] 10/7/2020 17:08

This is the article from Business Desk Today!

Nightmare continues for Boohoo as major investor walks away
Boohoo
News
July 10 2020

Neil Hodgson

One of the biggest investors in Manchester online fashion retailer Boohoo has dumped its stake in protest at the group’s poor track record on corporate social responsibility.

Aberdeen Standard Investments has sold its 27 million sharesholding in Boohoo following a week of turmoil for the business after Sunday Times reports linked it with a Leicester sweatshop.

Boohoo denied any connections with the firm and launched its own investigation into its supply chain set up.

But in a week that saw the retailer lose up to £1.59bn in value, it just got worse following the latest development which some see as a game changer for the business.

Aberdeen Standard Investments is a major player in the finance and corporate world, with a global reach.

It invested in Boohoo at the time of its flotation in March, 2014, when it made its market debut with a valuation of around £560m.

By the beginning of this week that stood at £4.88bn, but the damaging publicity over claims of ‘modern day slavery’ saw its value almost halve.

There are fears now that, despite a short rally yesterday, the sell-off could continue.

Lesley Duncan, deputy head of UK equities at Aberdeen Standard Investments, said: “We invested in Boohoo at IPO, at which point it passed our ethical screens.

“The company has achieved strong revenue growth driven by the structural shift in retail from high street to online and its flexible test and repeat model enabling the company to adapt quickly to changing consumer trends.
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“We have considered the ESG (environmental, social and corporate governance) performance of the company and pro-actively engaged with management on an ongoing basis.

“Over the years we have lobbied the company to improve its management of supply chain transparency, environmental efficiency and working conditions. While we would have liked progress to have been quicker, we did feel that progress was being made.

“However, in the last few weeks our concerns have grown on the progress being made, which, even before recent developments, had negatively impacted our conviction levels in the company.

“Having spoken to Boohoo’s management team a number of times this week in light of recent concerning allegations, we view their response as inadequate in scope, timeliness and gravity.”

She added: “We strive to use our influence as significant investors to achieve progress.

“In instances where our standards have not been met, divestment is both appropriate as responsible stewards of our clients’ capital and aligned to our goal of investing for better outcomes.”

Boohoo was valued at £3.60bn by close of trading last night.

Shares opened this morning at 290p per share and by 9am had reached 308p.

But since then the price has fallen, and at just after 3pm they were down to 276.40p per share, valuing the group at £3.47bn.

[debsdowner] 10/7/2020 17:02

Dirt and more dirt



Some of this digging done by a poster on this forum well done.

[rajstar] 10/7/2020 17:00

This is nothing, more to come out next week

[rajstar] 10/7/2020 16:55

Good weekend christh, don't have too much of that Guinness pint

[christh] 10/7/2020 16:53

have a nice weekend investors!

Onwards and forward....will test higher levels next week!

[invester2010] 10/7/2020 16:50

very good close! nice and steady, for a Friday! :)

and on 200dma....Zak Mir said when it breaks through,then all the way to 350/400p...:)...well why would'nt it! :)

and now even the big 27m seller is out and shares churned up realy well...buyers wee buying'em at 305/9 today..:)

well done if bought, you will do very well from here. have a nice weekend.

[rajstar] 10/7/2020 16:42

Doji in place. Seatbelts on for the ride down next week

[henchard] 10/7/2020 16:39

Under AIM Rules (No. 26)

Each AIM company must from admission maintain a website on which the following
information should be available, free of charge:
...

the number of AIM securities in issue (noting any held as treasury shares) and, insofar as it is aware, the percentage of AIM securities that is not in public hands together with the identity and percentage holdings of its significant shareholders. This information should be updated at least every 6 months and the website should include the date on which this information was last updated;
...

Can anyone point me to where this information is on BOO's website, as I can't seem to find it?

[xxxxxy] 10/7/2020 16:38

BoohooBoohoo co-founder Jalal Kamani linked to Leicester garment factorySupplier accused of paying below minimum wage linked to brother of current Boohoo leader... Guardian

[pt725] 10/7/2020 16:37

Wonder if the Sunday Times has any new scoops on boohoo

[zapa] 10/7/2020 16:31

“Having spoken to Boohoo’s management team a number of times this week in light of recent concerning allegations, we view their response as inadequate in scope, timeliness and gravity.”

Yet Jupiter Fund seem very confident.

[christh] 10/7/2020 16:27

Institutional Ownership and Shareholders

LSE:BOO / BOOHOO GROUP PLC Institutional Ownership
BOOHOO GROUP PLC (UK:BOO) has 108 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). Largest shareholders include AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS) - Invesco Oppenheimer Global Opportunities Fund Class R5, AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS) - Invesco Oppenheimer International Small-Mid Company Fund Class R6, FNGAX - Franklin International Growth Fund CLASS A, PDVIX - Diversified International Fund R-1, GICIX - Goldman Sachs International Small Cap Insights Fund Institutional, TIOIX - TIAA-CREF International Opportunities Fund Institutional Class, QCGLRX - Global Equities Account Class R1, FCNTX - Fidelity Contrafund, ARTJX - Artisan International Small-Mid Fund Investor Shares, and BGITX - Baillie Gifford International Alpha Fund Class 2.

BOOHOO GROUP PLC (UK:BOO) instituional ownership structure shows current positions in the company by institutions and funds, as well as latest changes in position size. Major shareholders can include individual investors, mutual funds, hedge funds, or institutions. The Schedule 13D indicates that the investor holds (or held) more than 5% of the company and intends (or intended) to actively pursue a change in business strategy. Schedule 13G indicates a passive investment of over 5%.

13F and Fund Filings

Detail on 13F filings are free. Detail on NP filings require a premium membership. Green rows indicate new positions. Red rows indicate closed positions. Click the link icon to see the full transaction history.

Here they are

[srpactive] 10/7/2020 16:26

Yes the headline could also state someone has bought 27m shares
from ASI.

[guruofcanada] 10/7/2020 16:21

Christh doesn’t know what a calculator is!!!

[thetoonarmy2] 10/7/2020 16:20

Just up on Business Desk today

One of the biggest investors in Manchester online fashion retailer Boohoo has dumped its stake in protest at the group’s poor track record on corporate social responsibility.

Aberdeen Standard Investments has sold its 27 million sharesholding in Boohoo following a week of turmoil for the business after Sunday Times reports linked it with a Leicester sweatshop.