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One day Rodney…. 😀
Just a lighthearted post really.
I totally agree re institutions - particularly tracker funds. I do believe they will buy in, once the price reflects the turnaround that seems to be taking hold.
Question is KBYK… why would he when he will get a handsome amount if he delivers?
I would rather prefer to see big institutions believing into the story.
Provided the below based on my view.
2 Feb 2024 15:44
RNS Number : 9176B
ASOS PLC
02 February 2024
2 February 2024
ASOS Plc
(the "Company")
Director/PDMR Shareholding
On 31 January 2024, José Antonio Ramos Calamonte, Chief Executive Officer, was granted 481,150 nil-cost conditional awards over ordinary shares of 3.5 pence each in the Company ("Awards") under the ASOS Plc Long-Term Incentive Scheme (the "ALTIS"). The Awards will normally vest on 31 October 2026, subject to the ALTIS schemes rules and the achievement of certain performance conditions. Further information can be found in the Company's Annual Report and Accounts 2023 which is available to download on www.asosplc.com.
This notification is made in accordance with UK Market Abuse Regulations (Regulation (EU) 596/2014, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018).
...showing what *should* happen when those sat around the top table put their hand in their pocket.
Barker, I guess doesn't really count. But it does make you wonder whether the market would appreciate and react meaningfully to a Calamonte buy.
Take note Jose; take note.
Al4x… depends on the individual sp.
I don’t think everyone would be down 90% even if the company sp is.
Patience always wins in the end.
Average is 360 so not a lot
About 80% - not a share I have averaged down on. The remaining 20% is too small to worry about and my expectations are low. Hopefully this will turn round to some extent although I'm not yet seeing any compelling evidence that that is likely to happen.
It's no secret that this stock has been trading sideways now for very nearly 12 months.. that shows a lot of stability, and is only a matter of time before it breaks out of this sideways trading range. (To the upside if we return to growth as the BOD guides, including reducing interest rates) this cyclical and other cyclical e-commerce will be poised to breakout. You only have to look at all the updates, though not great they are setting themselves up for the next growth cycle. The SPs of these aren't going down but rather bouncing about. All good signs imo.
Just curious to see how much is everyone losing on this stock %wise ?
Very expensive for anyone who has crystalised such a loss and frustrating for those who have not.
Some of us managed to get in closer to today's prices, however.
Now that the company seems to have changed its reporting to twice a year, we're all going to have to be even more patient, I suspect.
Patience is a virtue...sometimes.
Less so when a stock has declined yoy since covid by well over 90 percent.
That's some expensive patience
Yes, it is priced to fail and there is zero interest in the shares, other than from hedge funds. With no volume it is easy to these funds to maintain a stranglehold on the price. This morning is a good example.
However, it is also up to the company to continue to demonstrate that the plan is working and producing. So far, so good but great consistency is needed perhaps to convince the broader market. There also needs to be greater transparency around the plan re the debt - in particular, the refinancing of the bond.
A bid will be worth what someone is willing to pay for it. The current mkt cap suggests failure so basing that as a starting point is a waste of time. This could be worth £12 plus next year without a bid if the turnaround continues which I believe it will. Asos is also down to these levels due to the amount of shorts, they will have to close at some point and I'm sure some will be thinking about it soon with falling interest rates and an improving economy etc. Barker is increasing too which is a good sign.
Let’s not forget ….
https://internetretailing.net/asos-takeover-trendyol/#:~:text=Asos%2520has%2520received%2520a%2520%C2%A3,price%2520of%2520just%2520%C2%A33.50.
Famous last words Al4x.
Patience is a virtue.
Agreed. No way a bid at 12 will come. That never happens. You're asking for nearly 4x Mkt cap.
Yeah, I reckon they could well be receiving offers left right and centre around the £5-6 mark, but it's an instant no and the BOD don't need to tell us about those as it's pointless. Might as well wait as KBYK says.. £5-6 will be quite an easy target imo on a few rate reductions and return to growth..
Simon could be right.
And that is why any such offer will be rejected whilst there is a strong prospect of a turnaround.
I don't agree with the Next and Frasers comparisons, however. ASOS is a completely different proposition, for various reasons. Does need to tackle the debt and yes, Frasers is more interested in benefiting from any SP turnaround and/or strategic partnership.
If the share price doesn't move then MA will be forced to take up quite a large number of physical shares soon, which may help the strategy.
Now up to 23% of physical shares in Boohoo.
There’s no logic or rationale for ASOS to accept £5/6 over a £12 bid.
Comedy gold.
In an ever increasing overcrowded market, consolidation is inevitable. Boohoo and Asos continue to be in a precarious position and are vulnerable. I repeat, let's be realistic. If an opportunist bid is forthcoming it is highly unlikely to be more than at a premium of 40-60% (£5 - £6). Rarely does a company go above this. Hotel Chocolate was taken out by Mars at about 100% but that was highly unusual.
Frasers (+ 179% in 5 years) and now awash in cash. Asos -91% in the same period and highly indebted. MA sees Asos as a nice fit to his omnichannel plans. He and Next have got it right and are ahead of the game. The problem is, MA is unlikely to bid himself and probably merely hopes to benefit from an outsider bid, with a view to forming a strategic partnership of sorts.
And why not 😎
£15? I'm going £25 ;)
Would you rather... 'this is going bankrupt' or this will be £1 this time next year?
I've only been here 18 months and I consider that a short term investment so far. Happy to be here for a few more years yet.. it can be fun to speculate over the short term when in actual fact no one has a clue! could be many more years yet before people see huge profits.
So when you say rinse and repeat it has actually only been mentioned over the last 12 months or so which is really short term. But then, the majority now think long term investing is holding for 6 months... imo
See we’re in the “hypothetical takeover bids” phase of the asos share chat cycle. Next up “this time next year it’ll be at £15”.
Rinse and repeat, rinse and repeat
That's the key issue isn't it? What would be accepted, bearing in mind that most shares are tightly held by just 3 players.
As I've said before, I would be amazed if there haven't been several undisclosed offers, in recent times. Long before these sorts of articles began circulating.