If you take a look on iii 3yr weekly you will see those areas of support / resistance. Although, BOO is oversold nothing really stopping it continuing lower with the rest of the market. Plenty of talk on 6800 initial target on FTSE that will de-rate other huge profitable position. ie investors to sell their winners which could be what we are witnessing.
Maybe you should tell Boohoo's Carol Kane to buy likewise after here selling 10% of here Boohoo holding at 260p since when it's been downhill all the way. Boohoo should seek to reassure shareholders that they will return to previous highs through directors buying (and not selling!).
Compared to ASOS Boohoo is performing very poorly.
LONDON MARKETS: FTSE 100 Rises Off 15-month Low Ahead Of Inflation Data
Dow Jones News
Today : Tuesday 20 March 2018
Click Here for more FTSE 100 Charts.
By Carla Mozee, MarketWatch
Fenner jumps on Michelin buyout; home builders gain ground after Bellway's update
U.K. blue-chip stocks rose Tuesday, slightly recovering from lows not seen in more than a year, as traders stepped back into the market.
The next driver for stocks in London may come from British inflation figures due later Tuesday, before the Bank of England makes its next monetary policy decision on Thursday. Focus is also on the U.S. Federal Reserve, whose policy makers begin a meeting today.
The pound traded at $1.4050, up from $1.4025 late Monday in New York.
What's driving markets
The FTSE 100 had popped up by as much as 0.4%, with investors snapping up shares after the market suffered its sharpest loss since early February. Stocks were rattled after the pound rallied on news the EU and U.K. have agreed on the broad terms of a Brexit transition deal.
A stronger pound can weigh on the FTSE 100, as about 75% of the benchmark's revenue is made overseas, and that revenue therefore shrinks when translated back into sterling.
In addition, global stock markets on Monday suffered as U.S. equities slid, dragged down by tech-sector losses led by Facebook Inc. (FB) , which is coming under official scrutiny over its use of member data.
Stocks and sterling may be on the move after the Office for National Statistics releases consumer price inflation data for February. Analysts polled by FactSet are looking for a month-over-month rise of 0.5% and the inflation rate to come in at 2.8%. That would be a decrease from the current rate of 3%, which is well above the Bank of England's target of 2%.
Analysts say the BOE could hint at an interest rate rise in May when policy makers release their statement on Thursday.
Later Tuesday, the U.S. Federal Reserve will begin its two-day meeting, and the Fed is expected to raise its benchmark interest rates when its policy decision is released Wednesday.
"After yesterday's rate hike-fearing, tech stock-bleeding market-wide declines, the European indices woke up in rebound mode this Tuesday. The FTSE quickly rose ... a move that lifted the index back towards 7,070," said Connor Campbell, financial analyst at Spreadex, in a note.
"As for the pound, the currency continued to ride the swell of positive sentiment that arose following yesterday's Brexit transition deal announcement," he said.
"All this, however, may be temporary. That's because the U.K. still has February's inflation reading to process," he added. "And while 2.8% is undoubtedly still high, the big question is over how much hawkish clout such a figure would have, especially with a Bank of England meeting on Thursday."
I get the point your trying to make but zara is and always has been a higher end clothing compared to these sort of companies. And returns are a joke whether online or in store and boohoo realise they have no stores and it might be an issue which is why they offer free returns on every single order. i agree boohoo are cheap and cheerful and i have made a point before of saying how i feel boohoo under perform on this end by adding logo's to some of the range (mainly men's clothing) where ASOS are likely way ahead. the company itself also try to get away from just cheap and cheerful by acquiring other brands such as prettylittlething which has been really good for them.
everyone should do their own research into this, and quiz might be a good idea due to the huge drop when looking at the share summary but for me, any retail store at the moment isn't something i want to invest my money into.
Of course having stores will incur an overhead but Zara seems to be doing alright so its all about getting the management and image right IMO. Quiz also do masses of online sales but for any girl / woman looking for a dress I think they would prefer to try it on somewhere before buying as sizes vary from place to place and a dress in a photo rarely looks the same once you try it on ... the colours and style have to fit your height, hair, arms, figure, skin tone, etc - basically a bunch of things I (as a man) know zilch about. I think BooHoo have a nice niche in cheap and cheerful but will miss out on the more expensive items (a big market) as people need to try expensive clothes on and don't want the hassle of posting stuff back when it doesn't work out. Quiz IMO seem to have a good balance between online and stores and between low end and up market clothing. I also have to bow to the superior knowledge of my daughter and wife and their seemingly insatiable shopping habits. Anyway, DYOR and GLA.
I like how out of the last 3 posts you pick up on the word chav?
the meaning of the whole post wasn't even anything related to that word, it was more about whether this new proposed store was a better alternative than boohoo.
In my opinion its not because of huge overheads on stores and reduced profits because of it, in addition to reductions in retail spending in the UK in general which will drive it even lower for companies like this. One of the many reasons being 'online' in the retail sector at the moment is a better alternative.
additionally I gave females perspective on it after it was picked out I was male and thus didn't know much about the store, so I reiterated what I had picked up from a conversation with them about the store and a comparison to boohoo. Out of the 5 females I asked, that was the general consensus about the store and they much preferred boohoo.
Chav?! You have got to be kidding me! It's like somebody buying a Proton accusing somebody who buys a Skoda of being a cheapskate! Cheap is stylish whilst less cheap is chav! Chav was originally all about the supposed "lower classes" buying up-market gear e.g. Burberry. It now seems to have lost all sense of meaning. Personally, I don't think either website has anything to brag about in the chav stakes.
Yes I am male but thought I would have heard by now from female friends... asked girlfriend last night and she has heard of it but seems to think stores are up and down like a yo-yo and never stay in the same place...
Also after just asked, quiz is cheaper looking compared to boohoo, more expensive than boohoo, and apparently more of a chav look compared to boohoo styles...
My friends at least prefer boohoo so I will stick with this I think
maybe some concept there, Im in early 20's and have never heard of it as of yet... and if it has stores then maybe not a good punt? especially with stores being a big financial burden that boohoo hasnt got, thank god!
additionally, their website looks awfully similar to boohoo? hmm
With Boo in a slump of late I looked at what today's kids are buying fashion wise.
Having teenage daughter and her friends in the know it seems "Quiz" is the place to shop. Also separately recommended by my son's girlfriend at Uni. The city centre Quiz shop was packed on Saturday and the tills were ringing. I think I will take a punt there. My young advisers said Next was just awful and BooHoo is cheap but nothing to be proud of and they keep getting the orders wrong. So, Quiz anyone?
.......who cares about the PRECISE meaning of your statements after you have CLARIFIED them and your opposing views for the NTH TIME!!!!!!
Please contribute constructively. I really do like to learn as well as contribute factual information to these BBs.
Best regards to you all.
absolutely not.....however, give me the choice between Woodford and this bod at BG, and I would take Woodford every single time. As stated before, over the course of his career, Strathdee has consistently underperformed.....the same can't be said of Woodford!
Yes Woodford may have lost it, (or perhaps not?), but at least at some point he had it which isn't something that can be said of Strathdee !
Sorry but that's not the impression I had from your comments.
My take on your thoughts was that because BG had a 5% stake ...and you said they know why they have the stake....(your comment last Thursday)...and the fact that you are positive on BOO, the implication was that because BG were well respected and had the 5% it must be a good thing, backed up by the subsequent comments praising some of their funds (admittedly not stating the uk funds were good)
My comment was that BG are indeed an excellent house, when dealing with some areas (Japan etc) but for UK exposure they are absolutely atrocious (and that is the polite censored version) - as born out by the track record I highlighted....both of their UK fund and the manager concerned. Consequently, my thoughts are that if BOO are indeed held by funds who's manager could barely pick apples off a tree, I would be loathe to trust his judgement on individual shares.
As for whether someone has the ball_ to hold them, perhaps some people just have more sense?.....I have not sold, but am less convinced than when I suggested limit buys around the turn of the year.
Andrew Strathdee manages both funds with the Fucus only launched August 17.
Both ones to avoid and as a result view their holdings with caution
Financial express verdict....Overall, performing worse than the peer group composite. Over a long track record, the manager has, period by period, consistently underformed the peer group. Poor stockpicking has had a material downward effect on results, which have not been particularly exposed to falling markets.
However, Uk Smaller has an atrocious record...........
last 1,3 and 5 years ranking 46/47, 42/46 and 41/45 in the sector ! ( as at 31.1.18)
As I said, BG has a great record in bonds, the far east, japan and tech ( I hold BG Corporate Bond, Shin Nippon, SMT and Emerging Market Leaders)......but NOT in the UK and as a result their holding in BOO is, in my view , a real negative as they seem to have a real penchant for not picking well in this area.
DYOR as ever.
I just placed an order with the Halifax system which usually I have no worries at all about. The message was that the order had not been placed 'due to possible market volatility'. It has now been completed
However, I would have thought that with ramping things up and all the investment going into Burnley they would have at least not encountered the same problem with the same customer many months on from the last previous purchase....just an observation.
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