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Any reasonable sized buys are being reported late and the spread is now around 25%.....
Absolute nonsense that a big holder is about to dump. This is going north. Stop the fear mongering
Absolute nonsense.
Up
Any idea where the sp is headed?
Mike Ashley can you buy more again please
Well,well. This board lite up like firework. For past year dead as parrot. Now with this Ashley guy coming in its all manning pumps. Wasn't Mysl thinking of leaving Aims going to the Australian stock market by buying back shares? I hope they do better then Asos!
https://www.business-live.co.uk/retail-consumer/mike-ashleys-frasers-group-buys-24361282.amp
What’s the best scenario for us as share holders? If more TR1s pop up and there is a take over where does this send the share price.
I suspect we will rise a bit more on Monday, let's see if there are more TR1s in the pipeline! The potential takeover dynamics make this one extremely interesting.
Let’s hope she keeps going Monday and through the week, if it’s good enough for Mike Ashley to buy a large amount of the shares then it’s a hold for me
It all depends what he pays for the last few shares to take him over 30% - and if there is a response from Green. Ashley may want to sit just below 30% for a while - but Green may want to get to 30% himself now. Interesting to watch this play out and see if all goes hostile. Hopefully another rise on Monday, although probably nowhere near Friday's blockbuster. Zak Mir reckons we are heading for 6p - although that is usually the kiss of death!
The terms weren't disclosed but I doubt he got such a large amount of shares for only 2p each, I think it would be much higher.
As long as he doesn't appoint a joint management team of Alan Pardew, Dennis Wise and Joe Kinnear and MySale don't need a decent transfer budget....there is definitely short term opportunity here.
This is an interesting development. Surely there's a bit of head room in this now that Mike Ashley is involved.
Been in and out of auction all day. Lets see where it emerges this time
I think this will move quickly now Ashley has declared his hand.
Nearly FOMO time ?
@hereshopin sorry after reading up on it just now it appears you are correct. My apologies, I heard rampers spouting it so much over the COVID crash i'd wrongly presumed it was the case. But you are right, it's the highest paid by the offerer
Would that be the highest price paid by Frasers in the preceeding 12 months?
Frasers paid 2pps on 29 June
Good Advise that! I never thought about that! I have just sold out for a good profit! As we all know what Mike Ashley is about and he does like buying businesses out of administration for cheap! Hes made Billions doing it
You could be right. Mysl has been struggling for a while with high cash burn and a lot of overhang in stock. Already Ashley is doing well on small investors. Took my sell at 3.40 didn't think small investors would push it this high. Market makers still value this stock as high risk.
For me, Mike Ashley has bought a big stake in MYSale so when MySale goes into Administration he can buy it out of Administration. Mike Ashley has done this before. So be careful is my advice. I may be totally wrong.