Share tips thread
Discussion
BOO.L another 6% lower as I type.
Apparently Carol Kane sold 4 million shares at £2.30 yesterday, which has spooked the market, I think.
Strong support at £200 but the current price has wiped out 5 months of gains for me!
Still holding as I'm confident it'll recover but I am kicking myself I wasn't out at my £2.50 target a couple of months back.
Apparently Carol Kane sold 4 million shares at £2.30 yesterday, which has spooked the market, I think.
Strong support at £200 but the current price has wiped out 5 months of gains for me!
Still holding as I'm confident it'll recover but I am kicking myself I wasn't out at my £2.50 target a couple of months back.
dom9 said:
BOO.L another 6% lower as I type.
Apparently Carol Kane sold 4 million shares at £2.30 yesterday, which has spooked the market, I think.
Strong support at £200 but the current price has wiped out 5 months of gains for me!
Still holding as I'm confident it'll recover but I am kicking myself I wasn't out at my £2.50 target a couple of months back.
If true, how bloody irresponsible. This is the problem with new businesses. The directors behave like their actions have no impact on the business. Treat the company as though it were private. Apparently Carol Kane sold 4 million shares at £2.30 yesterday, which has spooked the market, I think.
Strong support at £200 but the current price has wiped out 5 months of gains for me!
Still holding as I'm confident it'll recover but I am kicking myself I wasn't out at my £2.50 target a couple of months back.
Look like 4.65M from my Googling.
To be fair, that also looks like <10% of her holding and it's above the price the other directors sold at, previously, which didn't seem to spook the market.
I guess, after the 15% drop yesterday, everyone is panicking a bit today. However, it does seem like bad timing but I guess it was planned a while ago.
The whole thing really feels like an overreaction and I'm fairly confident that the fundamentals are still there, the ones that delivered £2.60 a couple of days back. Possibly an excellent buying opportunity for those who sold >£2.50 to get back in.
Should the PE now drop to <100 (it has) - possibly. If the margin goes up at the next results though, will this jump back up enormously?
To be fair, that also looks like <10% of her holding and it's above the price the other directors sold at, previously, which didn't seem to spook the market.
I guess, after the 15% drop yesterday, everyone is panicking a bit today. However, it does seem like bad timing but I guess it was planned a while ago.
The whole thing really feels like an overreaction and I'm fairly confident that the fundamentals are still there, the ones that delivered £2.60 a couple of days back. Possibly an excellent buying opportunity for those who sold >£2.50 to get back in.
Should the PE now drop to <100 (it has) - possibly. If the margin goes up at the next results though, will this jump back up enormously?
Bad decision on my part yesterday, certainly short term anyway. Even with the results factored into the pre-announcement results, and the director sell of, this seems a biiig swing on the back of some pretty impressive annual results.
Thankfully I didn't go in for a huge amount so will leave it to one side (yes, foolish investor here who suffers the time old trait of not being able to sever the rope on a share falling down a cliff).
Thankfully I didn't go in for a huge amount so will leave it to one side (yes, foolish investor here who suffers the time old trait of not being able to sever the rope on a share falling down a cliff).
Burwood said:
If true, how bloody irresponsible. This is the problem with new businesses. The directors behave like their actions have no impact on the business. Treat the company as though it were private.
Couldn't agree more, glad I got out at 230p yesterday... that said seems a good opportunity for folk to get in at this price.Lucifer Morningstar said:
Burwood said:
If true, how bloody irresponsible. This is the problem with new businesses. The directors behave like their actions have no impact on the business. Treat the company as though it were private.
Couldn't agree more, glad I got out at 230p yesterday... that said seems a good opportunity for folk to get in at this price.you can all thank carol Kane personally for wiping 500M off the value of Boohoo. Of all days she could have sold, she chooses earnings day. a day on controversy. The only positive is her own shares got hit by 20M. I hope these turkeys learn a few lessons. Do not f
k around with margin unless you tell the market you are doing it. Don't flaunt your wealth. Keep her heads down and focus on the company.
k around with margin unless you tell the market you are doing it. Don't flaunt your wealth. Keep her heads down and focus on the company.I see both a little differently.
I actually think the Daily Mail publicised wedding probably appeals to the demographic who buy their clothes and it does rather suggest they're doing well.
A recent addition to the BOO team as non-exec director actually bought 6-figures worth of stock in the market this morning at £2.04 or something. He's obviously confident that there is money to be made.
Not that that appears to have helped the price but I suspect Ms Kane arguably deserved to take some money out, after the fantastic work they've been doing, whereas this guy most certainly didn't have to buy in (his first shares in the company).
I am surprised it has gone lower and is staying low and totally miscalled the bottom (don't try and catch a falling knife, folks) but it has only wiped out 6 months of gains and at the rate it has grown previously, I would hope for recovery over the next few months, especially with Christmas on the way and I suspect the Directors have now learned a lesson for future announcements/ timing.
Don't panic just yet
I actually think the Daily Mail publicised wedding probably appeals to the demographic who buy their clothes and it does rather suggest they're doing well.
A recent addition to the BOO team as non-exec director actually bought 6-figures worth of stock in the market this morning at £2.04 or something. He's obviously confident that there is money to be made.
Not that that appears to have helped the price but I suspect Ms Kane arguably deserved to take some money out, after the fantastic work they've been doing, whereas this guy most certainly didn't have to buy in (his first shares in the company).
I am surprised it has gone lower and is staying low and totally miscalled the bottom (don't try and catch a falling knife, folks) but it has only wiped out 6 months of gains and at the rate it has grown previously, I would hope for recovery over the next few months, especially with Christmas on the way and I suspect the Directors have now learned a lesson for future announcements/ timing.
Don't panic just yet
Burwood said:
you can all thank carol Kane personally for wiping 500M off the value of Boohoo. Of all days she could have sold, she chooses earnings day. a day on controversy. The only positive is her own shares got hit by 20M. I hope these turkeys learn a few lessons. Do not fk around with margin unless you tell the market you are doing it. Don't flaunt your wealth. Keep her heads down and focus on the company.
Hopefully she doesnt know something we dont about it....k around with margin unless you tell the market you are doing it. Don't flaunt your wealth. Keep her heads down and focus on the company.p1stonhead said:
Hopefully she doesnt know something we dont about it....
If she does, she should have probably told the non-exec director who just bought £200k (I think) worth, out of his own pocket!Burwood said:
what front end is that Dom?
Just Yahoo Finance - not sure why I use that really. Maybe just quicker than logging into my TD Direct account etc. It has delays as you would expect.Legacywr said:
...Secondly... how reliable/effective is this thread? 
After the last week... Perhaps not very!Do your own research (DYOR) as you tend to read on here
BOO.L seems to have stabilised a bit around £1.95
SXX.L doing nothing as usual.
MTFB.L also hasn't taken off as perhaps people on various boards expected... But it will, soon, I think - DYOR!!!
Gassing Station | Finance | Top of Page | What's New | My Stuff