Could Boohoo shares be star buys of the summer?

first_imgCould Boohoo shares be star buys of the summer? Enter Your Email Address Simply click below to discover how you can take advantage of this. 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. Our 6 ‘Best Buys Now’ Shares 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. Jonathansmith1 has no position in any shares mentioned. 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. 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.center_img Jonathan Smith | Friday, 18th June, 2021 | More on: BOO The Boohoo (LSE:BOO) share price has been choppy over the past year. The fast fashion retailer has seen equally fast swings in sentiment from investors. The share price is down 16% over a one-year period, although up 4% over the past six months. With first-quarter results released earlier this week, could the direction for Boohoo shares be higher?Recent resultsIn the three months to the end of May, Boohoo saw a 32% increase in revenue when compared to the same period last year. This growth was driven by the UK and USA, with other markets showing a decrease.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…It spent money on some big investments with an outlay of £143.5 million. This was mainly around new offices and distribution centres. Although this decreased the cash balance, I’m not too concerned. Investing in infrastructure like this is a long-term benefit for the company, and for Boohoo shares in general.The other interesting element in its results was the report by Sir Brian Leveson on its supply chain initiative, Agenda for Change. This is specifically geared around the issues thrown up last year about low pay and unsafe working conditions in Leicester. It included some positive developments, but it’s too early to assess the results as this is a multi-year project. Yet it’s clear that Boohoo is using this as another way of gauging performance, aside from finances.Reasons to be positiveI think Boohoo shares could accelerate higher this summer and beyond as organic consumer demand rises. The easing of lockdown restrictions will likely see many looking to refresh their wardrobes as socialising and events become more frequent. The segment of the fashion industry that Boohoo operates in should allow it to capture this demand. After all, it’s mostly geared to a younger consumer who’s keen to socialise.Further, the integration of brands such as Dorothy Perkins and Burton from the failed Arcadia empire is already helping revenue. Looking forward, Boohoo shares should benefit from this increased diversification.Caution with Boohoo sharesThere are some risks that I see for Boohoo shares. The business has stated that it’s committed to changing and improving standards within the company and with suppliers. But this isn’t something that can be fixed overnight. There could be more damaging practices that will come to light as the spotlight is shone on it. Ultimately, this could hamper the reputation of Boohoo and see a fall in the share price.Another risk is that Boohoo might actually lose out on some custom as customers decide to trade up to other brands. Over the past year, the amount saved by people in the UK has shot up. Now that people are feeling more confident about the state of the economy, it should encourage spending. Even for myself, my lack of purchases over the past year mean that now I’m happier to buy something a little bit more expensive now.Overall, I do think the benefits outweigh the risks for Boohoo shares, and I think they will rise this summer and beyond. However, I don’t see the firm as a star buy for my portfolio, and I think there are better opportunities elsewhere. Image source: Getty Images FREE REPORT: Why this £5 stock could be set to surge Get the full details on this £5 stock now – while your report is free. See all posts by Jonathan Smithlast_img read more

Action call after “black day” for media freedom

first_img RSF’s 2020 Round-up: 50 journalists killed, two-thirds in countries “at peace” IraqMiddle East – North Africa News Organisation RSF_en Receive email alerts Police sealed off Baghdad’s Tahrir Square, where the city’s demonstration took place, and helicopters were used to help block access.- Cameramen from Al-Baghdadiya and d’Al-Sharqiya were arrested while filming security forces firing assault weapons and using tear gas to disperse protesters. – A cameraman from the satellite TV station Faiha injured his hand when he was attacked by security forces.- Journalist Seif Al-Khayat was run over by a police car. – Police raided and searched the premises of the TV station Al-Diyar, which was covering the demonstrations from the roof of its building. Reporter Ali Al-’Ainbaki and nine technicians were arrested and the station went off the air. – Two journalists from the satellite TV station Al-Sumariya, Idris Jawad and Sanan Adnan, along with cameramen Satar Muhammed Abdul and Safa Hatem, were arrested after reporting on the protest. They were accused of participating in and helping to organise it and were held for several hours at the Al-Rusafa operations centre (eastern Baghdad).- Thaier Al-Sudani, a Reuters photographer, and Ahmad Al-Rubaie, of Agence France-Presse, were also arrested.- Cameraman Imed Hamed, of satellite TV station Al-Hurra, and his assistant Mustafa Kazem were arrested by riot police in Baghdad and their cameras and recordings seized. – After the demonstration, agents of the 11th intelligence police division burst into the Al-Taraf restaurant in central Baghdad and arrested four journalists – Hussam Serail (a reporter with Al-Sabah), Ali Abdul Sada (Al-Mada), Hadi Al-Mahdi (a presenter with Radio Demozy) and Ali Sumerian (of Al-Sabah). They were insulted and punched and then taken to division headquarters at the former defence ministry building. They were handcuffed, blindfolded, beaten and threatened for several hours before being released.In Karbala, Reuters correspondent Mushtaq Muhammad was hospitalised with serious head injuries after a policeman clubbed him while he filmed the protests. His camera was destroyed. The provincial chief minister apologised to him and the news agency after investigating the incident. The journalist called for an example to be made of the policeman to ensure such an incident did not happen again. Riot police in Karbala also beat and insulted crews from TV stations Afaq TV and Al-Salam TV and seized their recordings. Iraq : Wave of arrests of journalists covering protests in Iraqi Kurdistan March 1, 2011 – Updated on January 20, 2016 Action call after “black day” for media freedom February 15, 2021 Find out more Three jailed reporters charged with “undermining national security” IraqMiddle East – North Africa center_img to go further Reporter Ahmed Hiyali, of Radio Sawa, was badly beaten by a special police unit in Mosul and prevented from covering the protests there. A colleague, Adel Sayegh, of the TV station Al-Salah A-Din, said Hiyali was repeatedly hit before being taken to the provincial assembly building.Soldiers confiscated cameras and recordings from several journalists covering the protests in Basra. Radio Dijla reporter Mohammed Al-Jabri was insulted and also beaten with a rifle butt. The journalist Muntazer Al-Zaidi, famous for throwing a shoe at US President George Bush in 2008, was arrested on 24 February while trying to hold a press conference in front of the Abu Hanifa mosque in Baghdad’s Adhamiyah neighbourhood. He was subsequently released.A total of 23 journalists jointly announced on 27 February they would boycott the offices of prime minister Nuri-Al-Maliki and the Baghdad military commander in protest against the violence against journalists by the security forces and their arbitrary attempts to prevent coverage of the demonstrations. In an open letter, they demanded official apologies and an immediate halt to attacks on the media. Gen. Qassem Atta, spokesman for the Baghdad military chief, duly apologised and said the attacks on freedom of expression were “unintentional.” In response to a question from a cameraman with the satellite TV station Turkmen Illy during a news conference yesterday, Prime Minister Maliki apologized to journalists for the violence used by the security forces and promised both sanctions and reforms.Mohammed Al-Hamdani, a correspondent for the satellite TV station Al-Itijah, was meanwhile killed in a suicide bombing in Ramadi, the capital of Al-Anbar province (110 km west of Baghdad) on 24 February. Ahmed Abdul Salam, a journalist working for the satellite TV station Al-Aan, was wounded by the same explosion. The bombing was at the House of Culture in the neighbourhood known as 17 Tammuz, where a religious festivity was being held. The overall toll was 14 dead and 23 wounded, including the journalists covering the event. Follow the news on Iraq December 28, 2020 Find out more News December 16, 2020 Find out more News News Help by sharing this information Reporters Without Borders urged the Iraqi government today to allow journalists to do their job freely and to make every effort to ensure their physical safety after what it called “one of the blackest days for media freedom” in the country since US combat troops left last August.Journalists were “attacked and illegally and summarily arrested” by police and soldiers who were “supposed to protect them” during demonstrations to mark the 25 February “day of rage” in many cities, including Baghdad, Karbala, Mosul and Basra, the organisation’s secretary-general, Jean-François Julliard, said. He urged the government to investigate all the abuses and punish those responsible as a matter of course. The army had two days earlier banned the live televising of the Baghdad protest. (http://en.rsf.org/iraq-authorities-prohibit-live-24-02-2011,39626.html)last_img read more