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Boohoo.com

June 2016

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:
  • 52p
Boohoo’s shares again attacked 50p but encountered some stale supply from those who had supported the IPO at that price two years ago. But it seems only a matter of time before the shares break higher.During the month it reported forecast busting results with sales up 40% to £195.4m and revenue growth seeing definite acceleration during H2. Pretax profit and eps came in at £15.7m and 1.1p, respectively. The reported profit included other income including £1.0m relating to warehouse services provided to fast growing e-tailer PrettyLittleThing.com, a business run by the chief executive’s sons and which Boohoo has an option to buy in due course, which would be very eps enhancing.  During the ye ...

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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.

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