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Posted at 11/7/2024 09:20 by Boohoo Daily Update Boohoo Group Plc is listed in the Womens Hosiery, Except Socks sector of the London Stock Exchange with ticker BOO. The last closing price for Boohoo was 35.40p.Boohoo currently has 1,269,084,436 shares in issue. The market capitalisation of Boohoo is £442,402,834. Boohoo has a price to earnings ratio (PE ratio) of -3.21. This morning BOO shares opened at 35.14p Read Full Thread Reply |
Posted at 08/7/2024 15:54 by ukneonboy The simple and concise answer to that question is ......... NO !!!and this is the reason why: Fox Williams LLP, a leading London law firm, filed a group litigation claim against Boohoo Group plc (“Boohoo&rdquo Fox Williams LLP, led by litigation partners Andrew Hill and Matthew Reach, are acting for a group of institutional investors who purchased Boohoo shares in the years leading up to The Sunday Times expose on 5 July 2020 and suffered massive financial losses as a result of the share price drop. Read Full Thread Reply |
Posted at 02/7/2024 07:39 by sellhighandbuylow Fox Williams LLP, led by litigation partners Andrew Hill and Matthew Reach, are acting for a group of institutional investors who purchased Boohoo shares in the years leading up to The Sunday Times expose on 5 July 2020 and suffered massive financial losses as a result of the share price drop. Read Full Thread Reply |
Posted at 21/6/2024 08:06 by shadowfall Post lockdown, the rising popularity of fashion retailers SHEIN and TEMU, means BOOHOO simply cannot compete on price. It is also becoming increasingly clear that consumers are favouring hybrid companies such as H&M and ZARA over online only retailers like BOOHOO on account of their physical presence. Intriguingly, changes in consumer values are also affecting BOOHOO and the rise of second-hand and pre-loved clothing retailers such as VINTED and DEPOP is gaining momentum and thus poses another massive challenge. And of course, we cannot ignore the huge elephant in the room – the rising cost of living. For most younger people, and particularly the targeted "20-somethings" demographic of BOOHOO PLC, funds are dwindling. Financial strain means it is increasingly difficult to splash the cash on new casual wear whilst struggling to afford the basics of housing, food and energy costs. Ultimately, the survival of BOOHOO PLC hangs in the balance and despite the misplaced optimism of BOOHOO Chief Executive, John Lyttle, there are multiple hurdles that BOOHOO must first conquer in order to survive. Read Full Thread Reply |
Posted at 11/6/2024 13:03 by ukneonboy BOOHOO INVESTORS SEEK £100 MILLION IN DAMAGES AFTER SLAVE LABOUR SCANDAL==================== A group of investors in Boohoo are seeking more than £100 Million in compensation from the loss making fashion retailer after reports in 2020 alleging its suppliers in Leicester were mistreating workers caused the Boohoo share price to collapse. Shares in Boohoo dived by more than 40%, wiping more than £1.5 Billion off its market capitalisation, after a 2020 Sunday Times report of labour rights violations at the group’s suppliers’ factories in Leicester indicated some garment workers were paid as little as £3.50 an hour, well below the legal minimum wage. A damning independent report conducted by lawyer, Alison Levitt QC on behalf of the fast fashion retailer later found that allegations of poor working practices in the company’s supply chain – initially denied – were “substantially true”. A legal claim on behalf of 49 investors including the California State Teachers’ Retirement System – which has investment assets totalling $332.5bn – led by lawyers at Fox Williams filed against Boohoo Group last month alleges the company made untrue or misleading statements and failed to disclose or delayed the disclosure of material information about the matter to the market, breaching its obligations under the Financial Services and Markets Act 2000. The group are understood to be seeking £100m in damages plus legal costs and interest that could add millions of pounds more to the potential bill for Boohoo PLC. Read Full Thread Reply |
Posted at 11/6/2024 06:29 by ukneonboy BOOHOO INVESTORS SEEK £100 Million IN DAMAGES AFTER SLAVE LABOUR SCANDAL==================== A group of investors in Boohoo are seeking more than £100 Million in compensation from the loss making fashion retailer after reports in 2020 alleging its suppliers in Leicester were mistreating workers caused the Boohoo share price to collapse. Shares in Boohoo dived by more than 40%, wiping more than £1.5 Billion off its market capitalisation, after a 2020 Sunday Times report of labour rights violations at the group’s suppliers’ factories in Leicester indicated some garment workers were paid as little as £3.50 an hour, well below the legal minimum wage. A damning independent report conducted by lawyer, Alison Levitt QC on behalf of the fast fashion retailer later found that allegations of poor working practices in the company’s supply chain – initially denied – were “substantially true”. A legal claim on behalf of 49 investors including the California State Teachers’ Retirement System – which has investment assets totalling $332.5bn – led by lawyers at Fox Williams filed against Boohoo Group last month alleges the company made untrue or misleading statements and failed to disclose or delayed the disclosure of material information about the matter to the market, breaching its obligations under the Financial Services and Markets Act 2000. The group are understood to be seeking £100m in damages plus legal costs and interest that could add millions of pounds more to the potential bill for Boohoo PLC. Read Full Thread Reply |
Posted at 07/6/2024 13:31 by ukneonboy Boohoo investors seek £100 Million in damages after minimum wage row==================== A group of investors in Boohoo are seeking more than £100m in compensation from the online fashion specialist after reports in 2020 alleging its suppliers in Leicester were mistreating workers caused its share price to plummet. Shares in Boohoo dived more than 40% over several days, wiping more than £1.5bn off its valuation, after a 2020 Sunday Times report of labour rights violations at the group’s suppliers’ factories in Leicester suggested some workers were paid as little as £3.50 an hour, well below the legal minimum wage. A damning independent report conducted by Alison Levitt QC on behalf of the fast fashion retailer later found that allegations of poor working practices in the company’s supply chain – initially denied – were “substantially true”. A legal claim on behalf of 49 investors including the California State Teachers’ Retirement System – which has investment assets totalling $332.5bn – led by lawyers at Fox Williams filed against Boohoo Group last month alleges the company made untrue or misleading statements and failed to disclose or delayed the disclosure of material information about the matter to the market, breaching its obligations under the Financial Services and Markets Act 2000. The group are understood to be seeking £100m in damages as well as legal costs and interest that could add millions of pounds more to the potential bill for Boohoo. Read Full Thread Reply |
Posted at 07/6/2024 13:28 by ukneonboy BOOHOO INVESTORS SEEK £100 Million IN DAMAGES AFTER SLAVE LABOUR SCANDAL==================== A group of investors in Boohoo are seeking more than £100 Million in compensation from the loss making fashion retailer after reports in 2020 alleging its suppliers in Leicester were mistreating workers caused the Boohoo share price to collapse. Shares in Boohoo dived by more than 40%, wiping more than £1.5 Billion off its market capitalisation, after a 2020 Sunday Times report of labour rights violations at the group’s suppliers’ factories in Leicester indicated some garment workers were paid as little as £3.50 an hour, well below the legal minimum wage. A damning independent report conducted by lawyer, Alison Levitt QC on behalf of the fast fashion retailer later found that allegations of poor working practices in the company’s supply chain – initially denied – were “substantially true”. A legal claim on behalf of 49 investors including the California State Teachers’ Retirement System – which has investment assets totalling $332.5bn – led by lawyers at Fox Williams filed against Boohoo Group last month alleges the company made untrue or misleading statements and failed to disclose or delayed the disclosure of material information about the matter to the market, breaching its obligations under the Financial Services and Markets Act 2000. The group are understood to be seeking £100m in damages plus legal costs and interest that could add millions of pounds more to the potential bill for Boohoo PLC. Read Full Thread Reply |
Posted at 31/5/2024 07:45 by shadowfall Post lockdown, the rising popularity of fashion retailers SHEIN and TEMU, means BOOHOO simply cannot compete on price. It is also becoming increasingly clear that consumers are favouring hybrid companies such as H&M and ZARA over online only retailers like BOOHOO on account of their physical presence. Intriguingly, changes in consumer values are also affecting BOOHOO and the rise of second-hand and pre-loved clothing retailers such as VINTED and DEPOP is gaining momentum and thus poses another massive challenge. And of course, we cannot ignore the huge elephant in the room – the rising cost of living. For most younger people, and particularly the targeted "20-somethings" demographic of BOOHOO PLC, funds are dwindling. Financial strain means it is increasingly difficult to splash the cash on new casual wear whilst struggling to afford the basics of housing, food and energy costs. Ultimately, the survival of BOOHOO PLC hangs in the balance and despite the misplaced optimism of BOOHOO Chief Executive, John Lyttle, there are multiple hurdles that BOOHOO must first conquer in order to survive. Read Full Thread Reply |
Posted at 15/5/2024 14:43 by shadowfall Post lockdown, the rising popularity of fashion retailers SHEIN and TEMU, means BOOHOO simply cannot compete on price. It is also becoming increasingly clear that consumers are favouring hybrid companies such as H&M and ZARA over online only retailers like BOOHOO on account of their physical presence. Intriguingly, changes in consumer values are also affecting BOOHOO and the rise of second-hand and pre-loved clothing retailers such as VINTED is gaining momentum and thus poses another massive challenge. And of course, we cannot ignore the huge elephant in the room – the rising cost of living. For most younger people, and particularly the targeted "20-somethings" demographic of BOOHOO PLC, funds are dwindling. Financial strain means it is increasingly difficult to splash the cash on new casual wear whilst struggling to afford the basics of housing, food and energy costs. Ultimately, the survival of BOOHOO PLC hangs in the balance and despite the misplaced optimism of BOOHOO Chief Executive, John Lyttle, there are multiple hurdles that BOOHOO must first conquer in order to survive. Read Full Thread Reply |
Posted at 13/5/2024 07:20 by factsandfigures 95.05% of all Boohoo's shareholders (including Frasers Group) have lost money or are currently losing money on their Boohoo shares. Investors should consider whether they fully understand the financial risks associated with Boohoo PLC, and the Kamani family's involvement in the business, factoring in the high probability of them, losing YOUR money !!! Over 5 years, Boohoo sharesholders have lost 85.41% of their capital Over 3 years, Boohoo shareholders have lost 88.67% of their capital Over 1 year, Boohoo shareholders have lost 12.02% of their capital Read Full Thread Reply |
FAQs
Is Boohoo a good stock to buy? ›
boohoo group Plc has a consensus rating of Hold, which is based on 1 buy ratings, 2 hold ratings and 2 sell ratings.
What is the future for Boohoo? ›Looking ahead to financial 2025, boohoo said it is targeting GMV growth and improvement to adjusted Ebitda margin, on its way to its medium-term target for a margin of 6% to 8%. To achieve this, it is on track for GBP125 million in annualised cost savings in the current year.
Who are the main shareholders of Boohoo? ›Major Shareholders
| Shareholder | Number of ordinary shares held | Percentage held |
|---|---|---|
| Camelot Capital Partners LLC | 71,085,587 | 5.60% |
| Boohoo Group plc EBT | 62,228,762 | 4.65% |
| Rabia Kamani* | 50,709,141 | 4.00% |
| Baillie Gifford | 50,244,553 | 3.96% |
While Frasers Group is now the largest single shareholder, Boohoo co-founders Carol Kane and Mahmud Kamani, alongside members of the Kamani family, still own around 25% of the business between them.
Why is Boohoo struggling? ›The group, like rival Asos, thrived during the pandemic-driven boom in online shopping, but as consumers returned to high street shops, it has faced a succession of challenges including supply chain issues, inflation, and more product returns.
Will Boohoo shares recover? ›Fundamental analysts are rating Boohoo as a 'hold' with Refinitiv data showing 2 strong buy, 3 buy, 10 hold and 6 sells - with the mean of estimates suggesting a long-term price target of 47.26 pence for the share, roughly 49% above the share's current price (as of 02/10/2023).
Why are Boohoo shares so low? ›boohoo's recent woes can be attributed to a confluence of factors. In November 2023, the company issued a profit warning, citing a slowdown in consumer spending and rising costs.
How profitable is Boohoo? ›In the full year to February 29, 2024, Boohoo saw revenue fall 17% year on year to £1.4bn, which it said reflected “difficult market conditions”. The group also recorded a loss before tax of £159.9m, increasing from £90.7m year on year. Gross profit dropped 16% to £756m, while adjusted EBITDA declined 7% to £58.6m.
Why is Boohoo so cheap? ›Boohoo is known for offering affordable and budget-friendly fashion items for several reasons: Online-Only Retailer: Boohoo primarily operates as an online-only retailer. By eliminating the costs associated with maintaining physical stores, such as rent, utilities, and in-store staff, they can often offer lower prices.
How much debt does Boohoo have? ›boohoo group has a total shareholder equity of £279.7M and total debt of £325.0M, which brings its debt-to-equity ratio to 116.2%. Its total assets and total liabilities are £1.1B and £795.7M respectively.
What is the bonus for the CEO of Boohoo? ›
Fast fashion etailer Boohoo Group announced that its executive team have waived an incentive to pay them bonuses of £1m following discussions with certain shareholders. Bonuses which were going to total £1m each were waived by CEO John Lyttle and co-founders Mahmud Kamani and Carol Kane.
What ethnicity is the owner of Boohoo? ›Early life. His father Abdullah Kamani is from Gujarat, India; settled in Kenya, but left in the 1960s due to unrest and moved to north-west England with his wife and three children. Abdullah started by selling handbags at a market stall, before starting a family textile business, supplying New Look and Primark.
Does Boohoo pay dividends? ›boohoo group Plc (GB:BOO) does not pay a dividend. When is boohoo group Plc dividend payment date? boohoo group Plc (GB:BOO) does not pay a dividend.
Will Mike Ashley buy Boohoo? ›The latest investments came this week when the Derbyshire-headquartered giant, which was founded by billionaire Mike Ashley, increased its shareholding in fast-fashion group Boohoo to 22 per cent. It first bought shares in June 2023 and became its largest single shareholder in October, passing co-founder Mahmud Kamani.
What is going on with Boohoo? ›Boohoo is facing a new investor lawsuit in the UK after allegations regarding the mistreatment of workers in its Leicester factories caused its share price to plummet.