5 Jul
2021

The Boohoo share price is gaining in June. Here’s why I’d buy

first_imgSimply click below to discover how you can take advantage of this. Get the full details on this £5 stock now – while your report is free. Boohoo Group (LSE: BOO) delivered a trading update this week, and the market reaction was somewhat muted. For the three months to May, the online fast-fashion retailer reported 32% revenue growth compared to the same period last year. But on the day of the announcement, the Boohoo share price barely moved.As a Boohoo shareholder, I immediately liked the results. But why didn’t the market share my bullishness? Well, I quickly reminded myself of the unusual circumstances we find ourselves in.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The first three months of the year still happened in partial lockdown. That means the period doesn’t cover the full lifting of restrictions just yet. And judging by the enormous queues I saw at Primark when that reopened, people do seem keen to get back to the unpleasant crush of real stores.Still, the latest sales figure does represent a 91% rise over two years, which I found very encouraging. UK sales grew 95% over two years, still providing the bulk of Boohoo’s income.But US sales are growing rapidly, up 157% in the same two-year period. The total still came to a shade less than half of UK sales. And considering the potential size of the American market, I can see that possibly becoming the biggest driver of the Boohoo share price in the medium term.Boohoo share price reactionWhile the market might have reacted unenthusiastically, Boohoo shares had been gaining in anticipation. And as I write on Friday, the Boohoo share price is up 2.5% on the month, ahead of both the FTSE 100 and AIM. Still, I do see things holding it back. And one clue came in the form of another update delivered at the same time.On Tuesday, alongside the trading update, Boohoo gave us what it called an ‘Update on Agenda for Change’. And that’s the kind of thing that would usually make me a bit twitchy from an investor’s perspective. I try hard to buy shares in companies that have got things right and don’t need change. Surely only troubled companies need an agenda don’t they?This is nothing new, mind. It’s all about well-publicised issues with the Boohoo supply chain and the ethics thereof. The company now has “Responsible Sourcing and Ethical Trade teams” in place, which all sounds comforting. But I can see a drag on the Boohoo share price persisting until this change thing is all sorted out.Firm developmentsThankfully, there are concrete developments behind it all. Boohoo “published in March its full UK manufacturing list with a commitment to publish its global supplier list in September of this year, and continues to review its entire manufacturing supplier base.” There were still lots of what I saw as “feel good” words too though.The year ended February brought adjusted EPS of 8.67p. On the current Boohoo share price, that’s a P/E of around 38. That’s the lowest from Boohoo for some years. And I reckon there’s still plenty of future growth potential to make me want to buy more.Still, I wouldn’t be surprised to see share price weakness until we’ve had a full post-Covid year. Oh, and until that change stuff concludes. Our 6 ‘Best Buys Now’ Shares The Boohoo share price is gaining in June. Here’s why I’d buy Enter Your Email Address Image source: Getty Images Alan Oscroft | Saturday, 19th June, 2021 | More on: BOO center_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Alan Oscroft owns shares of boohoo group. The Motley Fool UK has recommended boohoo group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. See all posts by Alan Oscroft FREE REPORT: Why this £5 stock could be set to surgelast_img read more

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18 Jan
2021

Is Beyonce in Talks to Join The Wiz Live!?

first_imgCould Queen Bey reign as the Good Witch of the South? According to Us Weekly, pop goddess Beyoncé is in talks to play Glinda in The Wiz Live!. The NBC telecast will air on December 3.If she is in fact on board, she’d join fellow Grammy winners Mary J. Blige, Queen Latifah and Stephanie Mills, who are set to play Evillene, the Wiz and Aunt Em, respectively. The creative team is currently on the search for a newcomer to play Dorothy. We have a few suggestions.The ***flawless performer is certainly no stranger to bringing musical theater to the screen, having played Deena in the film adaptation of Dreamgirls and the title role in Carmen: A Hip Hopera.Kenny Leon will stage both the television production and subsequent Broadway revival of The Wiz in collaboration with Harvey Fierstein, who will contribute new material to the original book by William F. Brown. The show follows the familiar L. Frank Baum story of Dorothy and her adventures in Oz with a rock-filled revamp. Charlie Smalls’ score includes “Ease on Down the Road,” “No Bad News” and “Home.”This wouldn’t be Beyoncé’s first experience with The Wiz. Check out this clip of a seven-year-old Bey performing “Home” in her hometown of Houston! View Commentslast_img read more

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