Good to see some improvements today, and I was pretty certain we were near the end of a drift downward. Looks like people have realised the potential profit with blackfriday/christmas sales around the corner.
Wont be long to wait now until those results are out and hopefully good news for boohoo once again
In the same note, Morgan Stanley initiated coverage of Boohoo.com at 'equalweight', saying it appears well placed to deliver strong growth near-term but against demanding expectations and with scaling risks mid-term.
It said Boohoo has so far shown that it can sell cheaper product whilst generating a higher gross profit margin through clever sourcing.
"It has also shown that its creative advertising offline and on social media can deliver a high return for the brand. Whilst some of the margin concerns we have for ASOS are shared by Boohoo, its much smaller scale and newer brands ramping up should translate into best-in-class growth rates, in turn helping it leverage its fixed cost base."
At 1105 GMT, ASOS shares were down 1.5% to 5,933p and Boohoo was up 3.9% to 173.75p.
the point being that even as someone who voted remain it was even more obvious that Europe has a lot to lose and if the £ remains low then LONDON in particular will benefit from increased tourism if my conversations are anything to go by.
Just the beer.....and local casseroles cooked in beer! One observation I will make is that if the Brits stop going to Bruges, they are absolutely STUFFED. Apart from Catalonians there for a rally for one of their exiled leaders, there were probably more Brits there than all other nationalities (including Belgian) put together......just an observation in light of Brexit and £ weakness. It actually detracted from the place for the first time for me although did manager to find a few local and quiet haunts.
Seems I might have judged this one a bit too optimistically in setting a 170p buy for "armageddon" - managing that all on it's own.
I will take a few days to catch up on the markets.....
Been away for a bit myself. Thanks for the response. ;-) I think I'll need some of those pies.
What to do with this one? Trying something new here. Buying all the way down to around 80p when MK and CK will rejoin BIG time. Needs the cojones of a brass monkey. Then we'll pull out of the this dive. Joystick giving no joy at the moment.
Must admit I was looking to top up on these. Glad I didn't. The CEO Carol Kane selling off 4,650,000 shares at 230p probably hasn't helped fill me (and other investors) with confidence. That was a serious lack of judgement. Massive 9% fall in 2 days and also big volume today - not looking good. Think I'll stay away a while and see how it settles.
No, not on here. I used to invest via II but at that time their admin was truly woeful. Recently the prices / alerts on II have been really bad. Latest one last week for TEF...alert, bid price greater than 460p (now 399.5) as an example.
I have used stop losses before but find that these can be triggered very differently for the same stock on different platforms, especially ETFs and smaller companies. Unfortunately I have to say that these have triggered FAR quicker with X-O than others,...even after hours on one occasion and way, way below the lowest traded price on another. This is the reason why I no longer use this facility with them and am now building up a second ISA with Halifax (their admin can be bad but at least any trading I do seems to be more "Ronseal"). Yes they are more expensive in some situations but not in others (mine).
if you're wondering why I am on here at 5.30 am on a Sunday, just having coffee before heading over to Belgium to sample a bit (????) more of their excellent local beer "on tap" as they say. :D
It was actually about 10th or 12th October....would need to check my posts (was having a bit of banter with Sage)
There had been another "little" run on the market and there was the "controversy" re CK's sale and lack of comment from her. I had been looking at a sub 200p limit with a top up if it went below 190p and an "armageddon" limit buy of 180p if Trump and N Korea played silly B's or something similar to force a 10%+ market correction which has been long overdue in my opinion......took out 3UKS as a minor hedge against FTSE 100 as don't do CFD.
It just looked as if this was not quite in freefall but steadily sliding so I dropped my limit buys 10p. I am really not confident in the market as a whole (especially consumer related) so have generally been building up cash via dividends and regular contributions into ISAs and SIPPs and placing what seem at the minute like ridiculous buy limits, but if the market falls significantly then they should trigger. Has happened with BOO and happened big style in the couple of days after BREXIT, which has paid off quite well.
If they don't trigger, the only thing lost is possible opportunity, which I can live with as many more of those around in the future.
As soon as stage 2 of brexit starts and my Lloyd shares edge up a bit I will be selling a tranche to buy a further 100,000 of boohoo shares. Just hope the price stays here for the next 10-12 days. I can see this company being the new NEXT.
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