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*If politics were involved who would want to invest in China or the USA. Biden or Trump can hardly be cited as great leaders, they are a couple of old codgers*
Of course politics is relevant as economic policy is developed / led by the political party of the day. If those voted into power are incompetent idiots, this will be reflected in policy or lack thereof. The recent Truss debacle provides salient evidence of this.
Both Biden and Trump (and their respective teams) have done a good job with the US economy.
Xi, not so much with China.
*People need to get off the Brexit bandwagon as its history and the UK is still muddling along.*
Not quite sure what you mean here, but it's not history unfortunately. Brexit wasn't a destination that would suddenly be arrived at, it's a description of a process and renegotiation of an extremely important relationship - neither is complete and what has been done so far has been handled with extreme incompetence that has had meaningful implications for the UK economy.
I'm also not particularly happy with muddling along. I would like good quality leadership able to put forward a decent plan to boost economic growth and successfully implement it.
If politics were involved who would want to invest in China or the USA. Biden or Trump can hardly be cited as great leaders, they are a couple of old codgers Although the UK from a political point of view isn't great, the same could be said of most countries. People need to get off the Brexit bandwagon as its history and the UK is still muddling along. The reason for the UK having a cheap stock market is because the hedge funds have decimated it. If I look back at my portfolio over the years many companies have been taken over by US companies, another DARK has had a recommended offer last week.
These companies are being set up for takeovers, why the politicians can't see this is beyond me. I don't believe the hedge funds are that stupid enough to be shorting the likes of DARK honestly thinking they will fail.
exactly !!! ...................bloody dump !!!!! i always said the uk would end up the **** pot of europe after brexit.... lol gla.
There is a catalog of reasons as to why investors are shying away from the UK and/or picking off undervalued companies.
A seemingly never ending period of economic stagnation/decline/uncertainty, political turmoil and incoherence, poor/incompetent leadership, Brexit fallout, no plan to boost growth meaningfully.
The political situation here is dire, with the middle ground held hostage to what were once fringe/extreme views.
Even if Hunt comes up with a plan, there's nothing to say it will be a good one. Indeed, history suggests the opposite.
Seems it's not just a UK problem:
https://oilprice.com/Latest-Energy-News/World-News/TotalEnergies-Mulls-Primary-New-York-Listing-to-Expand-US-Shareholder-Base.html
Hunt the C*** is that desperate he's gone to CHINA with his begging bowl in hand , trying to get chinese companies to list on the FTSE eg SHEIN !!! LOL you couldnt make the **** it up if you tried LOL , PATHETIC !!!
nobody is interested in the uk stock markets anymore.....the uk economy has been a disaster since covid which has been run by incompetent politicians in a pathetic and corrupt government !!!! the uk is becoming un investable in and a just a hunting ground for cheaply listed companies when the £ is on its **** !!!! goodbye ftse hello usa !!!
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.