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BOO Boohoo Group Plc

29.60
0.00 (0.00%)
20 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Boohoo Group Plc LSE:BOO London Ordinary Share JE00BG6L7297 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 29.60 4,745,752 16:35:26
Bid Price Offer Price High Price Low Price Open Price
29.60 29.64 29.96 29.20 29.42
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Womens Hosiery, Except Socks 1.46B -137.8M -0.1086 -2.73 375.65M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:26 UT 284,198 29.60 GBX

Boohoo (BOO) Latest News

Boohoo (BOO) Discussions and Chat

Boohoo (BOO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-11-20 16:35:2629.60284,19884,122.61UT
2024-11-20 16:31:0929.65125,00037,062.50O
2024-11-20 16:29:5829.641,725511.29AT
2024-11-20 16:29:5829.622,555756.79AT
2024-11-20 16:29:4929.60526155.70AT

Boohoo (BOO) Top Chat Posts

Top Posts
Posted at 20/11/2024 08:20 by Boohoo Daily Update
Boohoo Group Plc is listed in the Womens Hosiery, Except Socks sector of the London Stock Exchange with ticker BOO. The last closing price for Boohoo was 29.60p.
Boohoo currently has 1,269,084,436 shares in issue. The market capitalisation of Boohoo is £376,156,627.
Boohoo has a price to earnings ratio (PE ratio) of -2.73.
This morning BOO shares opened at 29.42p
Posted at 20/11/2024 08:32 by throgmortonstreet
ANOTHER BROKER 'SELL' RECOMMENDATION & DOWNGRADE FOR BOOHOO PLC
================================================================

Analysts at Deutsche Bank have repeated their 'SELL' rating on Boohoo shares after setting a price target of just 26p for Boohoo shares.

The downgrade follows Boohoo's disappointing half year results, the unexpected departure of Chief Executive John Lyttle and the need for Boohoo to sell-off assets to pay down debts.

In a note to investors, Deutsche Bank warned that Boohoo PLC is now a 'forced seller' and it remains very cautious about exactly how much value can be unlocked, under these circumstances.

It added, Boohoo's problems are unlikely to be resolved any time soon.
Posted at 17/11/2024 08:03 by ukneonboy
BOOHOO PLC EMBROILED IN YET ANOTHER SLAVE LABOUR SCANDAL
===========================================================

Boohoo PLC faces more Corporate Governance criticism after reviving ties with a manufacturer that it had axed in the wake of its modern slavery scandal.

A hard hitting investigation by the Daily Telegraph newspaper discovered that GN Euro, a large Leicester-based clothing manufacturer, is once again selling womenswear to Boohoo despite allegedly being “disengaged221; in 2021.

Previously GN Euro supplied Boohoo from its UK factory on an industrial estate in Leicester. However, it has now set up a new manufacturing site in Morocco under a different name.

In a weak attempt to defend it's actions, Boohoo claims that all goods sourced from GN Euro come from its factory in Tangier, where the clothing manufacturer trades as Euro Touch.

Dominique Muller, a spokesperson for the campaign group, Labour Behind The Label, said she had great concerns about Boohoo’s supply chain:

“We are very concerned about Boohoo’s supply chain. We have had numerous reports that Boohoo is using former suppliers, that were associated with the 2020 Slavery scandal.”

She added: “The UK Government also has to play its part in ensuring that there is a level playing field and that brands like Boohoo and Pretty Little Thing are held accountable both in the UK and abroad.”

The Boohoo Slavery scandal first emerged in 2020 after an undercover reporter for The Sunday Times newspaper discovered garment makers in Leicester were being paid less than the National Minimum Wage.

In a subsequent review carried out by barrister Alison Levitt KC, she found that "allegations about poor working conditions and low rates of pay were well founded and substantially true.".

In her report, she said: “Boohoo’s monitoring of its Leicester supply chain was inadequate and this was attributable to weak corporate governance."

“Senior Boohoo directors categorically knew that there were very serious issues about the treatment of factory workers in Leicester and it did not move quickly enough, to remedy this.”

Campaigners and critics allege that problems in Boohoo’s supply chain remain, while also criticising the retailer’s decision to bring back GN Euro.

Neither GN Euro or Euro Touch wished to comment.
Posted at 14/11/2024 12:09 by throgmortonstreet
BOOHOO'S LIQUIDATION SALE MEANS EVERYTHING MUST GO !!
----------------------------------------------------

Nobody is willing to buy Boohoo's 27% stake in Revolution Beauty PLC. Boohoo's 86 Million shares are now available for a knockdown price of just £12 Million (Boohoo previously wanted £15 Million)

Similarly, despite reducing the asking price to just £50 Million, nobody is prepared to buy Boohoo's London Office situated at 10 Great Pulteney Street in Soho. Not a single Offer has been forthcoming and no one wants it.

Any interested parties should immediately contact Boohoo's Chief Financial Officer, Stephen Morana on +44 (0)161 233 2050



(MILLSTONE TAKE NOTE OF PARAGRAPH 1. & CONSIDER YOURSELF SCHOOLED BY THE PROFESSIONALS)
Posted at 31/10/2024 13:49 by factsandfigures
IS LOSS MAKING CLOTHING RETAILER BOOHOO FINISHED ?
====================================================

With the exception of the Kamani family, very few people have anything good to say about Boohoo PLC and its worldwide global sales are still falling.

Typically Boohoo’s branded clothing is aimed at 16 to 30 year olds and is generally poor quality and mostly made from synthetic materials with customers frequently complaining about sizing problems, frayed edges, split seams and wonky cuts.

In 2020, Boohoo was hit with allegations of modern day slavery when undercover journalists found that garment workers in Leicester were being paid below the UK’s National Minimum Wage, earning just £3.50 per hour.

Boohoo was also accused of putting those same Leicester garment makers at risk during the Covid lockdown, resulting in the UK Government launching Operation Tacit, a multi-agency investigation into poor work practices within the UK garment making industry.

Following this and some very costly Class Actions lawsuits for Fraud & Deceptive Marketing in the USA, Boohoo’s share price has now collapsed by almost 90%

Originally it was Boohoo’s low prices that made it so appealling to many cash strapped shoppers, but now those same cost conscious, value seeking customers are choosing to buy their clothing from rivals SHEIN and TEMU who offer very similar products but at lower prices.

Many in the City think that Boohoo’s business model is flawed – especially following the introduction of “Buy Now, Pay Later” finance schemes like Klarna.

“Buy Now, Pay Later” schemes may help lower income households to buy their desired items, but it can lead to them being trapped in repayment schemes with hefty interest charges.

The high cost of sending clothes back to Boohoo for a refund has also heightened it’s demise, with shoppers now flocking back to bricks and mortar retailers, knowing that if something does not fit properly or is unsuitable it can be returned, at no cost and without the faff of Evri returns.

Understandably Boohoo’s shareholders feel let down, but there are no quick fixes, and SHEIN’s popularity is still growing.

RECOMMENDATION: AVOID BOOHOO SHARES.
Posted at 25/10/2024 15:14 by ukneonboy
Sticking to the KNOWN & UNDISPUTABLE FACTS, Frasers have actually LOST millions of pounds on their dud investment in Boohoo PLC, so its hardly surprising that Frasers want their own people in the Boohoo Board room, to curtail the Kamani family and protect what's left of their investment.

Given all the bad blood and previous feuding between the Kamani family and Frasers, some might say it's long overdue, but requisitioning an E.G.M is definitely not the same thing as Frasers launching a full blown takeover of Boohoo PLC.

===================================================================================
There is no Offer on the table to buy Boohoo from Frasers, and if the Boohoo E.G.M occurs, its Boohoo's shareholders that will decide who joins the Boohoo Board, not Kamani.
===================================================================================

To all the failed share rampers, including AIM0ramper, AJ NOT VERY BRIGHT and bobaxe1 pumping this junk, it is worth remembering that Boohoo's Interim Results have been "delayed" which is NEVER a good sign.

CAVEAT EMPTOR - you have been warned !!
Posted at 25/10/2024 12:17 by millennialinvestor
Bum2suck1, I am factually correct.

"There is no Offer to buy Boohoo on the table from Frasers, and if the E.G.M occurs, its Boohoo's shareholders that will decide who joins the Boohoo Board."

Big mike is a boohoo shareholder, and the largest one too he wants the boo boo. If it is boohoo's shareholders that will decide who joins the boohoo board, Big mike has a 27% say of the vote, (plus my tranche of votes) so will easily get what he wants.
Posted at 25/10/2024 11:30 by ukneonboy
Sticking to the KNOWN & UNDISPUTABLE FACTS, Frasers have actually LOST millions of pounds on their dud investment in Boohoo PLC, so its hardly surprising that Frasers want their own people in the Boohoo Board room, to curtail the Kamani family and protect what's left of their investment.

Given all the bad blood and previous feuding between the Kamani family and Frasers, some might say it's long overdue, but requisitioning an E.G.M is definitely not the same thing as Frasers launching a full blown takeover of Boohoo PLC.

There is no Offer to buy Boohoo on the table from Frasers, and if the E.G.M occurs, its Boohoo's shareholders that will decide who joins the Boohoo Board.

To all the failed share rampers, including AIM0ramper and bobaxe1 pumping this junk, do you need reminding that Boohoo's Interim Results have been "delayed" which is NEVER a good sign.

CAVEAT EMPTOR - you have been warned !!
Posted at 25/10/2024 06:59 by ukneonboy
Sticking to the KNOWN & UNDISPUTABLE FACTS, Frasers have actually LOST millions of pounds on their dud investment in Boohoo PLC, so its hardly surprising that Frasers want their own people in the Boohoo Board room, to curtail the Kamani family and protect what's left of their investment.

Given all the bad blood and previous feuding between the Kamani family and Frasers, some might say it's long overdue, but requisitioning an E.G.M is definitely not the same thing as Frasers launching a full blown takeover of Boohoo PLC.

There is no Offer to buy Boohoo on the table from Frasers, and if the E.G.M occurs, its Boohoo's shareholders that will decide who joins the Boohoo Board.

To all the failed share rampers, including AIM0ramper pumping this junk, do you need reminding that Boohoo's Interim Results have been "delayed" which is NEVER a good sign.

CAVEAT EMPTOR - you have been warned !!
Posted at 01/10/2024 11:15 by throgmortonstreet
Boohoo shareholders have already suffered significant falls in the share price.

Over the past year, Boohoo shares have fallen by almost 20% as global sales collapsed and losses increased.

Over the last three years it is even worse, Boohoo shareholders have lost almost 90% of their money due to poor decision making and poor judgement within the Boohoo boardroom.

The shares recently hit a 52-week low of 26.48p before briefly rebounding to around 29p.

However, ongoing concerns about Boohoo's debts and then the reported delays paying its suppliers suggests all is not well.

The current price-to-book (P/B) ratio of 1.17 suggests that Boohoo shares remain overvalued.
Posted at 15/9/2024 07:28 by factsandfigures
BOOHOO GOING BUST REMAINS A STRONG POSSIBILITY and that is based on factual information and data that is already in the public domain.

It has been well signposted that Boohoo brands are losing customers and market share right across the USA, across Europe and across the Rest of the World to rival clothing retailers SHEIN and from TEMU

Boohoo’s bewidering decision to close customer accounts has pushed many former customers into buying elsewhere

Then, despite the wet British Summer, second hand clothing retailers Vinted and DePop have seen a huge surge in demand for pre-owned and pre-loved Summer clothing, leaving Boohoo PLC with warehouses full of unsold and unwanted stock.

On the corporate front, Boohoo PLC is currently being sued for £100 Million by some large and powerful Institutional shareholders for previous Corporate Governance failings and more recently it was revealed that garment makers in Leicester are also seeking financial redress from Boohoo

We already know that Boohoo PLC has fully utilised its £325 Million Revolving Credit Facility and Lenders including HSBC are sufficiently worried to have engaged debt advisers.

Boohoo’s London office in Soho that originally cost £72 Million has gone up for sale, with an asking price in the region of £50 Million and £60 Million

All this comes on the back of Boohoo PLC revealing back in May that it had swung from having £6 million of net cash on its balance sheet to having £95 Million of net debt on its balance sheet.

Now we have the absurd decision to shut the U.S. distribution centre in Pennsylvania. Obviously due to falling U.S. sales and increased losses, but it gets worse, as the closure is going to be very costly with estimates ranging from £40 Million to £60 Million.

So taking all this into account, it is factually accurate to say that Boohoo shareholders should be worried, because the business is in deep trouble.
Boohoo share price data is direct from the London Stock Exchange

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