ok back up to bid 58.02. Thats what the market thinks of Liberum.
Of course they may be right!!
What on earth are liberum capital saying about Asos. With almost every other house giving a BUY rating between 5000 and 6000 for the last 2 months, what possible justification can they have for dropping their target price by nearly 50% and consequently wiping millions off the value of the company and shareholde investments. Asos has been trading for a long time with its exceptional and unusual financial ratios with no negative issues. Is there an argument that by crashing a share price the perpetrators will be able to pick up those shares at a reduced price later. Of course I am not suggestion that Liberum capital would do such a thing. But when a valuation of a company flies in the face of all others who have access to thje same financial information by such a substantial margin, the valuation itself contains the inherent question. Anyone have any views on this??
Buzz, TLDH has the next lot of Private Auctions due on the 11th & 12th Dec which should see a re-rating in the share price, with further progression from there as we move towards the .London build up.
I remember buying ASOS when it was pennies , sold when it got to a quid TLDH is the only opportunity ive seen that can compare since then sorry for the O/T but TLDH is pennies now , and i wont be making the mistake of selling it when it gets to £1 cheers buzz
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