BOOHOO GROUP PLC (BOO)

Blog posts

New Year Forecasts and Internet Retailers

The views expressed in this article are those of its author, not necessarily those of ShareSoc. It’s that time of year when share tipsters start to issue their bets for the New Year. But the collapse of on-line grocer Farmdrop and recent profit warning from Boohoo (BOO) prompts me to think that one thing I will be avoiding next year is on-line retailers apart possibly from the gorillas already in that space. Unlisted Farmdrop went out of business a few days ago so ...

Post Date: December 20, 2021 Read more

It’s Not Just Blood on the High Street – ASOS et al

The trading statement this morning (17/12/2018) from ASOS (ASC) has caused the share price to fall by 40% at the time of writing. Other internet retailers such as Boohoo (BOO) fell in sympathy. ASOS reported that revenue was up by 14% over the previous year, but warned that they “experienced a significant deterioration in the important trading month of November and conditions remain challenging. As a result, we have reduced our expectations for the current financial year”. In effect the previous forecast sales ...

Post Date: December 17, 2018 Read more

The Market, Renishaw and ASOS

We seem to be in one of those markets where investors are nervous because of a few big failures, some market commentators being bearish and the uncertainties caused by Brexit. While some of the “hot” stocks continue to power upwards, and the overall market trend in the UK is still positive, it only takes the slightest ripple to cause some stocks to fall sharply. That particularly applies to those where prices seemed to have got ahead of fundamentals. Yesterday (25/1/2108) Renishaw (RSW) ...

Post Date: January 26, 2018 Read more

Media Mentions

Daily Mail, 26 Sep 2020, Boohoo Bosses Face Calls to Quit

Cliff Weight, the director of ShareSoc, said: 'It is undoubtedly shocking that these kind of third world factories exist in the UK. Mahmud Kamani needs to step aside whilst the board reviews his position.' https://www.thisismoney.co.uk/money/markets/article-8774083/Boohoo-bosses-face-calls-quit-wake-sweat-shop-scandal-report.html This report highlights numerous concerns for investors, not least the way the AIM "Lite-touch" Regulation can lead to some governance disasters. Boohoo has only £900m of turnover but has a Mkt cap of £4.71B and trades on a P/E ratio of 69.95. Shares this year have been highly volatile and hit a ...

Post Date: September 26, 2020 Read more