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*Very nice indeed :) a few more off the table lol.*
Free float is only about 25%, I think - and given that so many are underwater, I suspect it's mostly in sticky hands.
Almost 65% of the company in the hands of 3 holders.
Don't think the rise was due to the impending RNS. There's been no market reaction since its print. As has already been said, it's simply amazing that almost £3.5m of director buys - within such a short space of time, hasn't moved the SP dial at all. I assume it's because he's already a large holder.
Very nice indeed :) a few more off the table lol.
LETS GOOOOOOOOOOO ASOS'ERS !!!!!!!!!!!!! SHORTERS BURN BABY BURN !!!
I called that one right then lol GLA.
Indeed, so that's £1.2m, across 2 purchases so far.
So, what? £3.5m within the last month?
Perhaps he wants 20%, bringing him inline with Frasers.
Again.
181,500
US futures are red hot now, so might have a decent afternoon.
US payroll on downside and unemployment up causing markets to pop up..
Looks like it was simply responding to US data, like most of the market.
I suspect that late trade of 180,500 was Barker's - so, we'll get notification of that at some point (maybe).
Or could it be another director buy RNS about to drop ???
Maybe some positive media over the bank holiday on the way...
Wee bounce there laddie ...
Entire volume increased around 50%, in just a couple of mins.
We really need some passive funds to pick us up. Either via a change in broker outlook and/or a rise that leads us back into the FTSE250.
Once we are in vogue I.e. media on side, shorts reduce then that will soon change.
Volume is pitiful - just 45,000 shares traded so far.
If we can break 3.58 today then its on for 3.80 next resistance !!! GLA.
If it was not for the fact that this has been kept at these low levels for so long now, I would wonder if it was due to a fear that they may take it private and stiff small holders, like a few outfits have done recently?
At least three names come to mind, and only one in a similar space to ASOS.
The one you will all be aware of never even had short interest as high as this, nor for that matter, anything like the level of inside buying, involving more than just one party, as we have seen here. Not to mention, a clearly failed business model, which IMO, ASOS simply does not have.
As I keep saying, it is a real mind-f*** (put the censorship in myself, to save the algo here, lol).
@orgazoid you are indeed correct, and that would be the next resistance level after the more recent wedge I mentioned has been breached.
https://ibb.co/9WKvsyg
It's extraordinary but is it surprising with so many 'big boys' involved clamouring for their positions? Before the turnaround fully takes hold. Not suggesting these markets are bent of course lol.
Meanwhile Barker has bought 709,500 shares in the past couple months roughly 2 and half million pounds worth give or take. No small top up. That's good enough for me. He knows the ins and outs of the business. He isn't buying for tomorrow but what is to come.. it also takes another nice chunk off the market.. free float can't be big here.
Lots of trades showing outside of the spread on IG. I know that spreads aren't always identical on all platforms - I've seen this myself with HSBC and IG offering different spreads at the same time, but they tend to at least be within a fraction of each other. These are quite a few points out of the range.
Perhaps someone with more knowledge than me, might shed some light on this.
Investment guru I am not...
Yes it is extraordinary.
Perhaps Barker's motives are questioned and thus do little to mitigate the perception of risk.
It does tell us that no take out discussions are taking place, otherwise barker, as an insider, wouldn't be able to buy. Also, tells us Barker remains convinced there's a bargain to be had here - even if the market refuses to recognise the value.
DYOR/GLA
IMO, absolutely yes it would. Although I remain somewhat baffled that the continued large purchases of other insiders has kept this one in the low trading range it is in.
It is quite frankly extraordinary.
I am remaining disciplined (for now!) and holding fire, based on the chart technicals, but I would rather be long than short at this price, given all the 'known knowns', I really would.
Certainly do not see a good risk/reward ratio for fresh shorts in the sub 4 quid level, but I am no stock market guru, and time will tell. Anyway, GLA in the meantime.
Large director buy doesn't move the price at all.
I wonder if Jose bought whether the market would react differently - even though Barker will be looking at exactly the same figures etc...
To me looks like that wedge can be traced back to 21st December. Not quite as steep as in your screenshot. Very good chance I'm wrong but from a chart perspective it looks like we might have a bit longer before something happens (for better or worse)
I wonder what our Brazilian soccer players view is on this?