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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Boohoo group plc    BOO   JE00BG6L7297

BOOHOO GROUP PLC

(BOO)
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Delayed Quote. Delayed London Stock Exchange - 01/17 11:35:18 am
328 GBp   +1.08%
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boohoo : Co-founders of fashion group Boohoo sell shares worth 142 million pounds

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12/05/2019 | 03:22am EST
A shopper walks pass advertising billboards for Boohoo and for 'Pretty Little Things', a Boohoo brand, at Canary Wharf DLR station in central London

The co-founders of fast growing British online fashion retailer Boohoo, Mahmud Kamani and Carol Kane, have sold shares in the group worth 142.5 million pounds, according to a regulatory filing on Thursday.

Kamani and Kane, who founded the group in Manchester, northern England, in 2006, between them sold 4.3% of Boohoo's equity through a placing to institutional investors, reducing their combined holding to 15.8%.

Kamani, the company's executive chairman, sold 35 million shares at 285 pence each, reducing his stake to 13.1%, while Kane, an executive director, sold 15 million shares at the same price, cutting her holding to 2.7%.

The placing was managed by Zeus Capital and Jefferies.

Boohoo has expanded quickly, listing its shares in 2014 and buying the PrettyLittleThing and Nasty Gal brands in 2017. The retailer is tapping into a generation of younger consumers who shop on their mobile phones and share fashion tips through social media.

Boohoo said on Tuesday it had a record performance across the Black Friday period.

Shares in Boohoo, up 84% so far this year, closed on Wednesday at 297.1 pence, giving a market capitalisation of 3.42 billion pounds.

Online retailers like Boohoo are growing at the expense of traditional shopping groups such as the 135-year old Marks & Spencer, whose equity value has slipped to 3.7 billion pounds.

Shares in Boohoo were down 2.5% at 0809 GMT.

(Reporting by James Davey; Editing by Edmund Blair and Jane Merriman)

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Financials (GBP)
Sales 2020 1 207 M
EBIT 2020 97,3 M
Net income 2020 55,3 M
Finance 2020 226 M
Yield 2020 -
P/E ratio 2020 69,6x
P/E ratio 2021 55,6x
EV / Sales2020 2,98x
EV / Sales2021 2,29x
Capitalization 3 823 M
Chart BOOHOO GROUP PLC
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Technical analysis trends BOOHOO GROUP PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 338,32  GBp
Last Close Price 328,00  GBp
Spread / Highest target 36,3%
Spread / Average Target 3,15%
Spread / Lowest Target -45,1%
EPS Revisions
Managers
NameTitle
John Lyttle Chief Executive Officer & Director
Mahmud Abdullah Kamani Executive Chairman
Neil James Catto Chief Financial Officer & Executive Director
Jo Graham Chief Information Officer
Carol Mary Kane Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
BOOHOO GROUP PLC10.10%4 980
INDUSTRIA DE DISEÑO TEXTIL, S.A.0.95%109 691
KERING4.27%84 621
FAST RETAILING CO., LTD.2.26%60 433
ROSS STORES1.40%42 233
HENNES & MAURITZ-2.95%32 168