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Just short termism. The company needs to keep doing what they say they will do and soon enough the market will react.. especially when the future guidance starts coming to fruition. ATM it's not reflecting on anything, just what the company expects to happen.
Well that was short lived... Still 5% but they must be seeing something we arnt!
We have lift off guys!
About time.
Frasers don't have a history of M&A, preferring to take over businesses in administration. Ashley appears to have a side line in speculative investing, so he takes punts on what he perceives as undervalued assets. I think his investments are less about takeover, and more about punts.
Yeah which is a worry if you don't think the future guidance and outlook will occur. Otherwise Its a case of sit tight and enjoy the ride.
Today is a day to celebrate, just be warned, we have been here before... we were here a month ago, and we slumped all the way back
Surely if MA/any PE was to make a move the next few months would be the time? Unless they would want to wait until the next update to ensure that the turnaround is working. I am convinced that this would be the perfect fit for Frasers Group as it would give them an additional platform to manage inventory from the other brands in their portfolio
…..
Recovery is on track and lots of shorts to close are good ingredients for a speedy share price reversal.
I couldn’t short st 30 pence.
This was always going to take time but there now looks to be limited downside so will be back in the Market buying again, once the SP settles in a few days.
Nice to see a positive open
You either hold short positions... or didnt buy yesterday... Its our day, we dont get many. Go swivel for 24 hours.
Exactly. I don't personally just expect it to rerate overnight. I think it will be on the turn at some point this year and gradually head up as the news flow improves.
Both cannot get traction and profitability in a very challenging discounted environment.
The days of ASC and BOO being market leaders in the discount value sector has evaporated
Asos will never get the crown back, overtaken by the likes of Next, H&M and a number of European competitors
Another update to reinforce the message. 2025 will see the SP rerate. I'm holding and continue to feel positive. Patience is key here and we need to stop fretting about the SP for 12 months or so. Recovery is underway and going to plan. IMO. ATB
Maybe, but they have stock to that narrative so far and they have been accurate with what they have said so if FY25 is anything close to what they are expecting then it's very much happy days from these levels. Test and react looks pretty good so far too. 58% margin. That needs to be rolled out asap lol.
That is the first positive headline I
Https://www.cityam.com/asos-ahead-of-schedule-turning-stock-into-cash-as-revenue-drops-18-per-cent/
I think the company is turning into ocado - delivery of jam scheduled for tomorrow!
T01
He probably learnt a great deal from his time at Far and Matches which no doubt he will apply at ASC. Failure is part of the learning curve, after all
No exactly, the results/numbers aren't great but we knew that and the fact they are now on the home stretch with future guidance being significantly better should keep this from doing anything daft. We aren't buying it for todays numbers that's for sure.
Agree but also he does have a couple of stinkers on his CV alongside Sainos and Amazon. Farfetch and Matches aren’t great endorsement
A real mix of opinions on the update so far, it seems.
IMO, you can toss a coin as to whether we see a new year low print, or a retest of the 380's level today...basically I have absolutely no idea how the market is going to take this news!
Some positives, as others have cited from the RNS, but this one is not out of the woods by a long shot either, to my mind.
As I have said before, I want to see the CEO buying big here, now he is able to. Nothing better to back up the warm words of a CEO than cold, hard cash from his own pocket.
Ultimately, if we start to see a proper unwinding of short interest here in the days ahead, that will probably be the greatest sign that the bulls are back in control. Fingers crossed to this end.
Impressed and relieved with this update.
Also think the naming of former Sainsbury’s and Amazon exec Dave Murray as new chief financial officer is fantastic.
Happy.