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The problem is just not about enticing new companies to list, it's keeping existing companies to stay listed or being taken over because of the culture which is rife with hedge funds shorting and using the press to assist them in their dastardly practice. The hedge funds have killed the UK market, this is what they should be addressing.
Not sure whether this has been posted here or not, but it links to a previous discussion about the problems of the UK stock market (in our case valuations):
https://news.sky.com/story/hunt-calls-dorneywood-summit-to-boost-flagging-uk-stock-market-13123808
Thanks sj
They are still owned by ASOS and sold through their site.
From 2021. - Retail Gazette
Asos has acquired Topshop and other three Arcadia Group brands for £330 million, in a deal that does not include the brands’ stores and places 2500 jobs at risk.
The online fashion retailer has agreed to buy Topshop, Topman, Miss Selfridge and athleisure brand HIIT for £265 million.
Administrators for Sir Philip Green’s retail empire also said Asos paid an additional £65 million for current and pre-ordered stock, bringing the grand total of the deal to £330 million.
What happened to the other brands they brought? Still owned by Asos or sold on?
Interesting reading in the Mail yesterday that so many British firms now ‘sitting ducks’ in the firing line as predators search for takeover bargains
ASOS is mentioned in the comments
I have to say if ASOS receive a £300 millon bid for Topshop they should be snapping their hands off. This would drastically reduce net debt and i would suspect it would make a very positive effect on the share price. The precarious debt position is one of the main reasons this is being held back.
Nice and balanced but not much new.
Thanks for posting.
Https://www.ajbell.co.uk/articles/investmentarticles/275032/asos-looks-better-times-ahead
A very well written & balanced article for a change. Lots of challenges but equally plenty of potential light at the end of the tunnel :)
LMR up and down like a yo-yo
Very dangerous shorting this now. With ‘non stop interest’ in TopShop I honestly feel we could wake up any morning to big big news.
Thanks for heads up Ron.
Before we make a bottom.
The business needs cash
Latest statement said that adjusted EBITDA will be considerably better in 2025 than now. Significantly, nothing was said about profit. Last 6 months was EBITDA was negative 16m but the actual loss was 120m. On that basis, I'm assuming that the actual figures for 2025 will involve yet another substantial loss. Furthermore, the cashflow remains negative at a time when old stock is being cleared. Will it ever be actually positive? I've lost a lot on this stock and still hold but wonder whether there are actually good reasons why the CEO has never put his hand in his pocket to buy shares here. I increasingly think that any upside dep[ends on a bid coming before potential dilution to deal with the bond refi down the line. Maybe I'm being too gloomy but looking at the hard facts, I can't see the where the real profit is coming from. EBITDA is pretty meaningless for a company with this level of debt.
Fantasized hopes
We may indeed be stuck in a range for a period of time but a bid could easily come in at 4x the current price at any time so I am happy to sit tight and wait. Asos represents a good risk reward purchase at this price imho.
Actually agree with Simon in this one - unless the hedge funds reduce I think we’re stuck in a range for a period. Very disappointing because the company is clearly in a materially better place than it was at double this price last year.
Patience therefore is key (and perhaps trade a bit if you can).
GLA
Definitely. I lasted a fair few months but looked like it wasn't doing anything. Fast forward several months more and it's following exactly the same pattern.
Hahah nice one!!!
It's homeward bound for ASOS. It's a safe enough bridge over troubled water for Mrs Robinson and Cecilia to cross. The shorters will be slip sliding away soon to Scarborough fair like old friends seeking shelter in a hazy shade of winter.
As Asos slips into the abyss ....
I think there’s a further dimension to shein listing - security and their relationship to the CCP. Sure that will be the subject of some Garrick club meetings. Not quite the same as tic tok but you can see the way the wind is blowing re the harvesting and use of data.
This stock has the biggest ' cross hair sight ' on it for a take over , its just sitting there on the stock exchange screaming for one !!! I'm surprised the yanks have'nt arrived yet with the the strength of the pound as it is !!!!!! unbelievable really !....
My thoughts too.
Mike Ashley will not offer.I don't think he has the funds for an offer last time I looked into that one.
He's small fry compared to Shein.
The only thing I can see stopping Shein entering either exchange is their negative environmental aspects and reported poor working conditions.All issues asos and Boo have been scorn for previously.Shein however, are again in a different league, as their level of environmental effects and poor working conditions will be much greater given their huge scale and cheap prices for their poor quality garments.
Things are heating up here.
Inflation will be in the 2% range soon with interest rates being cut, this big old beast will come good once again.
Although I think MA will not make any offers, guess who wins and BIG if a decent offer does come in?
Yep MA.
He's not soft ill give him that.