Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on BOOHOO.COM PLC. We currently have 50 research reports from 7 professional analysts.
|10Jan17 07:00||RNS||Trading Update|
|09Jan17 07:00||RNS||Nasty Gal Acquisition Update|
|03Jan17 02:15||RNS||Completion of Acquisition|
|28Dec16 07:00||RNS||Proposed Acquisition|
|14Dec16 07:00||RNS||Trading Update and Acquisition|
|21Oct16 12:30||RNS||SAYE Share Scheme 2016|
|10Oct16 07:00||RNS||TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES|
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Panmure Morning Note 10-01-2017
10 Jan 17
Boohoo has a released another trading update this morning which exceeds market expectations. Revenue for the four months to 31st December is +55% to £114.3m (PGE: £110.5m, +50%) with strong growth generated across all regions. Guidance has been increased yet again and the company now expects revenue growth for boohoo.com to be between 43% and 45% for the full year.
10 Jan 17
"The time for talking is almost over. In just ten days, having been handed the keys to the White House, Donald Trump instead has to start delivering. Reality will strike when he faces the fact that economic and political cycles always move at remarkably different speeds. Should he recognise this fact by toning down his more extreme remarks and adopting a more realistic stance regarding what and when he can deliver, many world leaders will heave a sigh of relief although it will also cool expectations of some presently over-excited markets, particularly in US equities and the Dollar. Such cautionary thoughts appeared to pervade the overnight markets, most of which ended mixed to modestly down, with the Nikkei being the principal casualty as the US$ slide from Monday's highs against the Yen gathered pace and local commentators speculated over the chances of the coming administration voicing concerns regarding the problem of supporting exceptional Dollar strength. Weakness in energy shares following the slump in oil prices also pressured the principal US equity indices, with only the tech-heavy NASDAQ remaining in positive territory. In Asia, the ASX follow suit while Chinese shares closed mixed with the more international Hang Seng finishing in the positive as the Shanghai Composite ended modestly down having received mixed inflationary signals of marginally slowing consumer prices for December while the Producer Price Index spiked sharply up to 5.5% from an annualised 3.3% in November. Having raised expectations of the UK heading to a 'Hard Brexit', Theresa May's weekend comments saw Sterling dive to below US$1.22 yesterday, which boosted the FTSE100 with its quoted Dollar earners the principal beneficiary. Some of this looks to be given back this morning, however, following a letter from John Vickers, a former Bank of England Chief Economist who was responsible for steering the 2011 Independent Commission on Banking. His note pointed out the fact that low market-to-book values might well be highlighting a problem with underlying asset quality, something that cannot be ignored when trying to stress test the system. These background noises will likely contrive a marginally weaker opening for London equities this morning, with the FTSE-100 seen down around 5 points in early trading. Little else of significance is due from the UK on the macro front today, having already seen release of the BRC Shop Price Index first thing, although later this afternoon the US publishes its Redbook Index and releases Wholesale Inventories for November. UK corporates scheduled to provide earnings or trading updates include Big Yellow (BYG.L), boohoo.com (BOO.L), Gocompare (GOCO.L), Just Eat (JE..L), Majestic Wine (WINE.L), Morrison Supermarkets (MRW.L), Nichols (NICL.L), Robert Walters (RWA.L) and Topps Tiles (TPT.L)." - Barry Gibb, Research Analyst
55% headline sales growth, strong trading through key period lifts FY guidance yet again
10 Jan 17
boohoo has traded strongly across all regions in the four months to 31 December, including the Black Friday weekend and key peak season Christmas period. Headline sales growth was 55% (52% CER), with the USA delivering standout growth of 230% (188% CER) to £19.6m. UK growth at 31% is in line with previous quarters adjusting for the wholesale business (annualising the start of this business). As a result, management have increased FY17 guidance for boohoo sales growth to between 43% and 45%, against previous guidance of between 38% and 42%. Overall group revenue growth, including the two month contribution of PLT, is expected to be 46% to 48% with group EBITDA margin between 11% and 12%. The continued investment in price and promotions, the broadening product range (e.g. launch of kids wear) and success of the boohoo brand at offering the latest fashion trends, continues to drive significant improvements in customer loyalty and lifetime value. All of this is reflected in the continued impressive increase in active customers of 31% YoY to 5.1m. Since the period end, the PLT acquisition has completed and there remains the proposed acquisition of Nasty Gal in the US which will be governed by a court-approved bidding process, expected to complete in February.
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
Retain forecasts for FY17E and FY18E
05 Oct 16
While LFL sales growth of 1.8% for the first 12 weeks of FY17 looked a little light, this was on the back of 2.8% growth in the prior period. H2 comps become easier to lap and Christmas bookings (festive trading comprises 15% of FY sales on average) are up 10% YoY.
The Monthly January 2017
09 Jan 17
Despite all the hullaballoo of the Brexit vote and the subsequent election of Donald Trump as the next US President, the UK stock market prospered last year, especially in the latter few months of 2016. The combination of a depreciating currency – making $ earnings more valuable in relative terms - and the Trump emphasis on infrastructure expenditure drove the stock market higher
A year of expansion
17 Jan 17
Final results are broadly in line with our revised forecasts on most headline levels in what proved to be a difficult year for the Group. That said, it has significantly increased room capacity, which is now +40% ahead at the time of the IPO (+14.5% yoy), which improves its competitive position and offering. We are maintaining our headline forecasts, and with the dividend expected to be held for the foreseeable future producing an 8.7% yield with a NAV in excess of 180p, we continue to believe there is strong long term value offered at present.
Small Cap Breakfast
17 Jan 17
Global Energy Development (GED.L) — To be renamed Nautilus Marine Services. Schedule 1 from developer and seller of hydrocarbons and related products. Reverse takeover. Raising $10.5m via a convertible. Expected 9 Feb. Eco (Atlantic) Oil & Gas—TSX-V listed oil and gas exploration has announced its intention to float on AIM. Assets in Guyana and Namibia. Proposed £2m-£3m fundraise. Diversified Gas & Oil—According to LSE website first day of trading on AIM now expected for 30 January.