Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Asos have reduced their Brand offer, own buy quatity's are big!
Asos have much worse margins though outside of their own brand stuff.
Shamsheer -Agree with most of your sentiment but Asos is still the dominant player in this sector, BH have over 1 Billion to go in t/o to catch them up. One of the biggest dangers with BH is that they are a bit one dimensional, Asos's own buy is very strong across both Women's and Men's, BH still very Womenswear Centric and has someway to go on Men's. The quantities that Asos can move on some of there basic Men's lines are in excess of 100k pcs a season, that's just on one line, BH Mens are still draggging along the bottom at 200pcs on most of their line buys, Women's of course is bit higher and granted the width is massive but this is not actually a good thing. Asos also have a very broad appeal to both Townie Lad/Ladette market plus the more Indie customer, they offer so many other Brands inc BH (or did!) So BH are bringing in future own buy Brands but again very targeted to similar customer, Warehouse/Oasis perhaps exception but they haven't done much with them yet. So i'd say great job by BH so far, tomorrow will be really interesting and fingers crossed these shares rocket (i'm in for alot!) but this sector is notoriously fickle so long long term they really have to keep their eye on the ball and it speaks volumes that all their Brands are own buy, so far no cross fertilization coming back on wholesale the other way which is very bold but i can't help thinking they may have missed a trick to broadening out their appeal.
Looks like the ALGOS are doing most of the work to get us through 385-386
Just need to blast through 385 sharpish and we have a quick run to 390.
Some, accumulation phase music for you guys.
https://www.youtube.com/watch?v=8yA82CFvisw
Today and yesterday was indices exchanging. Did anyone notice big fund segmenting 20k deposits every 1 minute... This is good for resistance level .. Bye bye shorters :)
I am not here to preach right or wrong and i respect everyones opinion. In my view the controversial news of asking MK to step down was highlighted in a few articles and listed as complete hogwash..MK is the icon for the company and his right hand woman, carole kane the 'think tank' for the products online. The export logistics are simply bought and any attempt to oust this (media/government) could result in import logistics being implemented which would mean a high-level literal sell off or migration of facilities off-shore. (Affect jobs in the UK)
The Scandal accusation is now history, unfortunately for the MMs and competitors (which are still unable to compete with BOOHOO merchandise price model or submerge the market cap).
MK has never taken money from the shareholders and any money used for tangible assets have been swiftly returned consistently with exceeding revenue and net income for the shareholders.
As the export instrumentaion and logistics is set to "mature globally" in 2021 the revenue can only increase.
Further to the Exec bonuses (150m payout) saga, this is an incentive to increase the market to 6.2bn minimum which is an average share price of £5. Remember when companies have market caps of £5bn + they become sought after by equity companies and investment banks which will usually add enough capital injection to sporadically grow the business like a trojan. At 40% market cap left to go over 2 years with a forecast for £6 in 3 years, the CEOs are being affectively offered £150 million which is marginal to the % the share price will increase by. If the execs fail to deliver this, my guess is that MK may induce other resources to do the job for that amount of money! I know most of you would :)
As businesses are moving online now due to the digital transformation/Covid, clothes which look good and are cheap have become more popular and the requirement for expensive clothes which someone cannot wear to go out less desirable..sorry Asos.
Well, the MMs have been shook by the near recovery last working week and didnt have time to conjure some stupid news as highlighted by Paul and KittyKitty on this forum.
As far as I am concerned the shorters can take a hike now, as the SP stabilises and the share price moves North
For Mid term holders I can see Christmas and New Year as promising and 14 Jan 2021 holding the "key" to what the price will be in April 2021 Preliminary Results (Brexit as well). This will be the price-to-point rationale to whether you are mid-term or long-term on this company.
Above all we have leaders we can trust in this company to grow the business as they have for the past years and keep returns coming in.
The ruling statement is if you believe this SP will cover £5 next year (3-7 months from now) then sit back and chill .... EPS for year on year could even be increased more...
Best wishes to all denominations of shareholders for this week, what ever may happen