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Boohoo Group

February 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • BOO
  • Price:
  • 34p
Boohoo (which incidentally owns 30% of REVB) has issued a brief update on current trading, confirming performance for the year ended 28 February was in line with current market expectations - not a bad performance given the highly promotional marketplace over Christmas.  One of the most interesting comments I have seen recently has been Peel Hunt noting that “traffic at  the Debenhams marketplace, which like REVB is also big in Beauty, has been picking up all year with GMV said to be approaching pre-pandemic levels (£500m).”  Whilst recovery in overall sales is still elusive, Frasers (FRAS; 804p) has been upping its stake and now holds 21.5%. Await developments. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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