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A shorting figure increasing to 6.21% is undeniably of concern as it indicates weakness and a return to a potential downward trend and, frustratingly, more of the same. Without an intervention by way of an offer, the SP is destined to, at best, stagnate. The latest RNS is irrelevant. MA, in theory, 'lost' his recent put bet and was obliged to take up some physical shares which I'm sure he didn't mind, knowing he would stay under 30%. I'm still counting on Shein as the main interupter if it lists in London. If it is allowed to list (LSE are desperate to reverse the present trend of companies leaving), it will be aggressive in it's expansion. Asos and Boohoo are vulnerable. I'd rather MA put in an offer and sort this company out but 'takeover bids' are not generally his style.
Haha yeah.. :/
I think if it's going to happen it'll be this year, otherwise it's likely the turnaround (if it goes to plan) will be well and truly beyond green shoots. Never say never I just think the time would be this year if it'll happen. Otherwise we will back making profit, growing revenues and sat at £15 a share 😉💪
Exactly sj74.
It is unlikely however; it depends how much Shein ( let's face it they would be the obvious candidates) wants a part of the USA/UK markets.
We know they want in.
If the US and UK continue to make things difficult for Shein to float then for me, this will increase the likelihood of some sort of offer.
Aside from this, there is also topshop.We know they're desperate to get their hands on.
It's a shame there's an Asteroid on the way :(
I mean if the BOD were that confident of FY25 guidance and beyond in terms of the margins back to pre COVID, profitable and revenue growing business there would be absolutely no reason to sell this unless an offer was realistic not opportunistic. Share prices are in the gutter for a reason, they won't remain there..
It's not beyond the realms of possibility though it would have to be very good I feel for the bod to even consider and then disclose it as then it would mean they are serious. I don't see it myself but it's always lurking whilst the turnaround is ongoing..
How burnt the shorting folk would get if a sensible offer was made for the company :)
Lol, up and down them on a daily basis.. definitely shows it's algo/technical driven. Very short term, and doesn't reflect what this company could be in 12 months time imo.
Shorts up
Agree. If Jose had taken a big chunk of shares, IMO that would likely have had a much more positive impact on sentiment here.
The chart has turned bearish again and from a TA perspective, could do with finishing above the 50 DMA today, IMO.
Short interest remains stubbornly high, too.
Against that, those substantial Barker purchases and the most recent Frasers RNS with yet another increase in stake.
This one continues to captivate my attention, although still on the sidelines for now. GLA.
The market hasn't shown much conviction in their assertions.... nor the short sellers as it appears!
Let's see some of the board purchase their company stock, thus showing conviction for their assertions during the update.
Yeah, bit like being with the kids all day.. and yes I agree, just needs time for the market to sit up and take note, as results gradually start to improve.
Tiring isn’t it? A little like the SP movements. I do think a full year of steady progress will cause the market to take notice.
If an offer doesn’t appear before then..
Yeah fair enough KBYK, I'm bored of the trolls now. No more.
And it's not gibberish, I'm talking facts and figures
Why so much hate
Responses here*
Don’t respond and it will soon move onto plague another BB.
Not a complicated program to produce - 9-5 each day - sow confusion, fear through gibberish. It’s fed however by the responses where. I too am guilty of that of course. But not of late.
Exactly CCWX, pathetic little boy.
Such a sad existence being here just repeating the same BS Roberto. If you don’t think this is going anywhere ever then why would you be here. I don’t waste my time trolling boards I’m not invested in.
That’s just pretty pathetic.
It depends on how much MA wants the TS brands. He knows there are other interested parties so a bid could come sooner than many think. I find the hedge positions interesting considering this. I can see a few reducing in the coming months especially with news on interest rate cuts.
With a return to revenue growth.. ooh go on then.
Yup I'd say.
All positive to me.
Augusts and Septembers should be interesting at 5 million and nearly 3 million. That would be a large increase to physical holding if triggered.
Point seems to be to notify the market that Frasers has been forced to take up more physical shares, as April put options expire.