Re: Next results and still down? From BBC website[link] a bricks and mortar company it operates in the same market as Boo.Share price seems to be reflecting the difficulties faced by many High Street retailers for the reasons given in the article which some must, to a certain extent, also be affecting Boo.Some positive news flow would stop the drift but probably a bit early to expect an update.
Next results and still down? [link] Next got full year results recently, showing retail spending profits down (as expected tbh) and online sales up I think around 10% (sorry read this morning and cant remember) , might have been more tbh! But still remains, retail is down as profits margins for stores are a lot less, whilst online should hold... All as expected I think but promising Imo regarding the ONLINE company we are invested in? Also overseas sales were higher too which bodes well with boohoo going to the US this past year.Im actually looking forward to results YI
Re: Sell ASOS ....Buy Boohoo ? )) Dont really know, Sage. Probably hasnt finished its run yet. The directors havent been selling lately. Hope BOO follows path beaten by ASOS though. From 80p around 2005/2006 to 8000p in 2017/2018 is just too great.Holders should remember this : some 5 years ago ASOS fell 28% in one day from around £32 to about £22. Thought it was the end of the world. It wasnt. Lesson? Be strong and of good courage
Re: Wow yes dj ......P/E still 67 now, even at 147p ....SAGE
Sell ASOS ....Buy Boohoo ? ASOS on P/E of 96 at £71.... but when to buy Boohoo ....... at 80p , as suggested ? ....SAGE
Re: Wow Keep averaging down. This could hit 80p. Why? Thats when the PE ratio starts looking good. And thats when the directors will start hoovering up shares.
Re: Wow younginvestor ....it could be speculators who have massively shorted the companies shares,....as there is no dividend to support investment,....there is no more news available until the next releases,....there is no momentum investing, .......hence this is the end result ..... why invest ? ...if not .....SAGE
Wow I get the hit of retail spending and brexit, but why is boohoo getting hit the most out of all of them, when they are online? Can someone please explain? This is bargain price for boohoo imo... we have dropped nearly 100p in a few months.. with just the director dealings to have influence? Christmas rns was positive and I agree with previous posters that director influence here would have a big impact on share price, I think pis need to know that directors are still behind the company YI
Re: Amazing .... Claude .... the point was that at that time the market had bottomed and turned up ....... but Boohoo still continued to fall SAGE
Re: Amazing .... ....and the point you are making in relation to BOO from this lengthy report is.....?
Downside Targets Looks like it's heading for 140....& if that's breached somewhere around 120. Should be strong support there. I'd be a buyer at 120p Good luck all
Re: Topped up this morning sage,Patience. As Rockefeller supposedly said, miss the first 10% (of rise) when buying and last 10% (of rise) when selling. Who really can call the top and bottom? Just wait for Boohoo to bottom out and then let it rise by about 10% before considering buying. I expect that Boohoo is just suffering from general retail malaise due to lower pound, inflation and Brexit uncertainty.Cheers, RAC.
Re: price Buy more. Phew! They say be greedy when youre fearful and fearful when youre greedy. Tell you what: even if I had the balls of a brass monkey, they would both have melted by now. Run out of money to buy anymore. Lol
Re: Topped up this morning OMG .... only a day later, this top up of 164p is looking expensive ....SAGE
Major blood bath ....... sub 154p ............ so much for Peel Hunt / Liberum targets ....!!!!Cant see any reason for any upside at the mo .....SAGE