We note this morning’s announcement from Boohoo Group strongly refuting several allegations made in a short-selling note published yesterday afternoon. In our opinion arguments made in the short selling note are flawed and do not disclose any new or unexpected information about the Group. The unprecedented market backdrop resulting from the COVID-19 crisis has only acted to highlight the strengths of Boohoo’s agile, pure play, e-commerce model and we see current share price weakness as offering ....
27 May 2020
Boohoo Group Plc (BOO LN) - Response to share price movement
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Boohoo Group Plc (BOO LN) - Response to share price movement
boohoo group Plc (BOO:LON) | 34.2 0.2 1.8% | Mkt Cap: 434.5m
- Published:
27 May 2020 -
Author:
Rachel Birkett, CFA -
Pages:
3
We note this morning’s announcement from Boohoo Group strongly refuting several allegations made in a short-selling note published yesterday afternoon. In our opinion arguments made in the short selling note are flawed and do not disclose any new or unexpected information about the Group. The unprecedented market backdrop resulting from the COVID-19 crisis has only acted to highlight the strengths of Boohoo’s agile, pure play, e-commerce model and we see current share price weakness as offering ....