Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Deutsche buy 500 Target
I suspect the BOD would want to defend against it, if one materialised … unless they’re made an offer that simply can’t be refused…
It’s not my investment case here but this must be absolutely primed for a bid right now. Reasons are well documented and understood here, so won’t rehash them. Haven’t listened to the conference call but to those that have, was a potential bid mentioned?
Absolutely :)
100notout…. If shorters want to buy back at £10…. That will do me too. As holders… we have genuine reason to be happy for y25!
I am so torn here right now. The chart looks primed for another crack at the 200 DMA (IMO), but no inside buying yet since the update. Short interest is still high (although coming down at the time of print).
Wider markets and macro stuff still makes me feel like extra caution is wise right now. And that it would be better to wait for a confirmed break to the update (at least over the 50 anyway).
Any purely technical traders here? Feel free to disagree, my chart reading skills remain limited at best :)
It’s also moved through a bunch of technicals, like a knife through butter. They have to reduce now but it also needs to close above 362, for a decent move up towards the 200mda.
GLA
It could move the share price as hedge funds may think to themselves that the turnaround is happening and there is also a potential of a sale of TS or a complete buyout. The hedge funds collectively have a lot of shares to buyback. I wouldn't want to be shorting this if I were them, would you? There are much better prospects out there for shorting, the risk reward is moving away from the hedge funds with regards to asos. I'm sure they would prefer the prospect of buying back below 500 opposed to buying back over 1000 plus.
Decent steady day today.. :)
This is just speculation as per...Will not move the SP in anyway until we get an RNS confirmation.
Typo should be wouldn’t lift the assets.
Got to be positive tho
I wonder what value of the £300m is in the books at.
They’ve got £700m of intangibles still there so it must be pretty high.
So if they got back what they paid for it (maybe some has been amortised) it would reduce intangible assets and no doubt pay down debt but unless it’s a mega offer would life the net assets.
However net assets are a good bit higher than market cap so maybe the market would prefer cash / lower debt to an intangible given the liquid nature of cash !
We will see
It's no secret that MA wanted to buy the TS brands. With the share price where it is I wouldn't be at all surprised to see a full takeover of ASOS.
The problem though if they sold TS separately and commenced a share buy back it would possibly put MA and Poulsen over 30% which would cause a dilemma.
With the turnaround plan working and renewed interest in TS the share price should be way higher. Interesting times here.
I think it could very easily turn into a full blown buy out however; I can't really get my hopes up after last time.
If the price is right (£300m +) - clear some debt / share buy back, and a distribution deal …otherwise don’t you dare, Jose 🙏🏽
Don’t see them selling TS, personally am but whoever knows.
Https://www.thetimes.co.uk/article/asos-keeps-faith-in-turnaround-plan-as-sales-fall-76sn9xhl5
Https://www.drapersonline.com/news/asos-ceo-mistakes-have-been-made
I don't think it will make it move unless there is something formally made and the company passes it on. It's the same as last November when the initial Topshop rumours came about.
I can certainly believe the non stop interest part. It's clearly performing very well and Jose is very happy with it. Price needs to be right if ASOS are to act otherwise no point in entertaining it if we don't have to imo.
Do we not think it will make the SP move northly?Regardless.
Kind of makes you wonder why that article was released on results day, not that I'm cynical.
Things are heating up people..
Asos is said to have received *non-stop
interest" from a range of high-profile retailers,
including the China-founded fashion giant.
Authentic Brands Group (ABG), the owner of
collapsed Ted Baker and Forever 21, is also
thought to have shown fresh interest.
Https://www.retailgazette.co.uk/blog/2024/04/asos-boss-topshop/
What is current market cap of Asos? Looks like huge interest in just the top shop bit.
If the CEO now comes out and says we have had an offer of hundreds of millions of pounds for JUST topshop, does that not make a mockery of the current SP for Asos?
Like a bit between it's teeth they won't let it go.
The times reporting Shein are expressing interest in Topshop again. Would be good to know what the TS performance was for the period covering the latest update.