YouTube star and professional stock trader Samuel Leach snaps Boohoo stock
A YouTube star and professional stock trader has invested in online fast fashion giant Boohoo.
Samuel Leach is Managing Director of Samuel & Co Trading, which offers online courses to give people the opportunity to learn more about stock and currency trading.
It also features regular videos on YouTube and has over 130,000 subscribers.
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In a Tweet published on Friday morning, Mr Leach revealed he had invested Â£ 100,000 in the Manchester-based company.
He added that it was a “good deal” and that PrettyLittleThing co-founder Umar Kamani and the whole team “are at the top of their game.”
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Mr Leach also said that “the stock is literally reduced by 71%”.
The move comes after Boohoo shares fell earlier this week after issuing a sales and profit warning due to supply chain disruption, soaring costs and customers returning more clothes. .
Mr. Leach has been a director of Samuel & Co Trading since 2012 and helped establish YLDFX towards the end of 2020.