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Boohoo Group PLC (BOOH)

London
Currency in GBP
Disclaimer
35.96
-0.04(-0.11%)
Closed

BOOH Price Commentary

Apologies that my hunch hadn't pan out. Was expecting bull flag breakout. Positive thing is Asos and some other fashion retailers had similar price action yesterday as well. You need to be really patient with this stock now that it didn't breakout yesterday. #diamondhands
the drop will happen when there is calm.
This is a high risk high gain stock. We are betting on the company to be able to turnaround and turn the cash flow positive again. You don't buy this stock for 20% gain. One is aim for at least 2x as there is a small probability that it could go under.
turning cash flow positive is about bookmaking, in a crisis all companies will declare negative cash flow to preserve cash. E.g after the sale of kantar for £2.2b WPP declared a 2.2B loss.
Boohoo Trust bought 8.2M shares at 41p in November. 👍🏻
Jupiter Asset management, Invesco, T Rowe price, Norges Bank, bought total 132M shares average price 150p.
Statista forecats £82.2Mn retail sales in Christmas and £30.02Bn online sales. Trading statements should align.
£100Bn to be unlocked in UK investment initiative. Possitive impact for retail sector.
Capeview capital & Citadel further reduce their short positions.
Kardashian partner with Boohoo for new collection.
266M insider shares have not been sold.
Possible bounce to 44 today but just a hunch. The most shorted stock in the UK so its not for the faint hearted.
IB price target of 120p.
I have no doubt this will recover to at least 100£. I just don't know when.
shorts are unwinding, this is profit taking & pull back before breaking further resistance at 60p.
Tbh, this is chance of a lifetime to buy Booh at this price. Stocks in retail fashion industry are generally all down by 50% to 80%. Even Nike came down 50% from peak. 90% from peak for Booh is insane. The fundamentals are still intact. Kimani stock holding is over 10% of the company and he has all the incentives to bring this to value.
Current price is exactly at 50% Fib retracement level (assuming £30 and £56 on either end of scale). I would say it's a good entry point if once hasn't got any positions.
Also UK retail sales up this month so this could be nascent of a turnaround
UK retail sales volumes rose 0.6% in October, representing a better-than-expected recovery after the closure of stores for the Queen’s funeral the previous month.
Burberry reported a 5% rise in first-half revenue, to £1.35 billion, and a 6% rise in adjusted operating profit, to £238 million.
Shorts decrese over 1.4% since end of October.
GLG partners closes full position. 👍🏻
shorts are further closed at 0.6%
marshall Wace closes full short position.
GLG partners reduces short position 👍🏻📈
Peer asos up by 93p - single trading day.
vix down to 22 from 34.
It won't go up in a straightline so a simple strategy is to buy dips near key support levels. I hope we won't see "90 degrees" exponential move so soon as it usually will follown with a crash. Slow and steady '45 degeee' move is key to sustainable upward move. Festive season is around the corner and i heard that they have improved logistics management in the States so there is a high possibility to see improvement in Q4 revenues and maybe profit which will send this stock soaring (above 100 easily). Long term is everyone's guess but I see Boohoo to be more renown that its Chinese counterpart? (who buys chinese fashions anyway)
Spot on 👍🏻
looks like boo, asos, next move in sync. can we see a recovery above 100p by end of year
US Cpi lower - 10Y lower - Shorts decreasing - SSE 100 positive. 📈
Starting to look bullish again
Qube research joins the list to reduce short positions.
Look at the chart. Could this be the nascent of a bullish run similar to 2015 to 2017
I concur.
Marshall Wace, Citadel & Capeview cut back short positions. 🕰📈
Ticking up well.
US consumer spending increases.
US retailer up on the positive.
S&P up by 12% 📈
Once the shorts unwind - 🙌🏻
gas prices dowm 70% - COGS.
peer Asos up by 8%.
capeview capital & cube research start unwinding shorts.
CIO left the building
h&M will start charging for returns now
Surely it cannot fall any lower.... right?
Bought back in, doubled my shares.All the bad news must be already priced in. Shorts will need to cover at some point
Anon I have to give you this one..truly remarkable reversal
:)
A very good day....I am wondering if this has bottomed or close to bottoming out. what your thoughts?
I believe we could now be at or close to a low in the share price. There is some concern with poor interim results. To me this is a stock for trading at this point as its one of the most shorted stock in the UK at the moment and short positions need to be buy back at some point. I don't know the company enough to predict its long term prospect.
Might even see green today due to short covering
It's way oversold. Booh is now in value territory
I hope your crystal ball says this will be back up to 400p in the next few years...well done..
Can't see that far but technical chart is saying it is way oversold
it will get battered today!
Wow 10mil net debt.. going to eat net assets
New lows.. 37p is about net assets value..in case of bankruptcy
I don't think it will go bankrupt.just sales are slowing like the rest of the world
Citadel has upped its Boohoo stake to 5.33%
Rounding bottom. Parabola forming.
Let's hope so
Looks that way
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