Reports today that Kamani has been ordered to give evidence in U.S. fraud case.
https://www.bloomberg.com/news...
and Sky News article:
How workers in Leicester's textile industry are still being exploited
https://news.sky.com/story/how...
Seems to have caused the market to have another melt down. Perhaps not unreasonably and it is becoming hard to separate out the reality from the noise.
Boohoo (LON:BOO) was my largest holding but as dropped to my fourth largest and is 10.3% of my portfolio. My average price is 276.43.
It is hard to keep the faith when there seems to be a non-stop flow of bad news. It is over 12 months since the board implemented the review and ~11 months since it was published and yet the market is pricing the company as ex growth, even a basket case.
I still believe that my medium price expectation of £6+ is not unreasonable but living through this is not easy.
Regards
Michael
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