Member Info for -axelrod

Agreed really, I think will be a while until an external takeover is realistic - the main reason being the VCP.

https://www.asosplc.com/media/yw4lenma/directors_remuneration_policy_aug_2024.pdf

The VCP means that execs can receive as a bonus 5.5% of value created above £6.70 - it pays out in August 2028 and 2029 and can be calculated on either share price or FCF if the sp is not a fair reflection.

Total Pool for Execs: 5.5% × (current share price − £6.70) × total shares in issue.

If a takeover happens, then these calculations are brought forward, but the remaining timeline of 2+ years seems fair and on track.

I think the board have a long term mindset to right the ship completely before even considering another takeover bid, and i'm sure most LTH holders like us would feel the same. At best we can hope an offer helps accelerate the share price back upwards but I'm happy being patient and using the opportunity to buy more.

Overall I thought the report was good, ASOS have been rewarded for showing discipline towards paying off debt, and whilst there's still 1-2+ years of more progreess required we are heading in the right direction. The next set debt is not due until September 2028, and another in November 2030. Combine this with gross margins back to pre covid levels, the company is in a good position to look into how they can reduce opex. There's a very interesting confluent of scenarios playing out here which is very compelling - high concentration of owners leaving a lower free float, debt being paid off, margins increasing and progress towards being profitable. I've been holder for many years and I'm happy to buy more at these levels.

Hopefully good news surely, Barker is going to know about the Xmas trade. Unfortunately it also probably means we won't hear anything until March/April.

We just need to keep the faith really, KR1 is much more illiquid than ARB.

Seems like good news for Sainsburys but does make me whether JD.com will buy Argos for the brand name / web site only, and become online delivery only through their existing logistics. This would then mean the closure of the Argos concessions in the Sainsburys stores, as well as potential job losses.

Fingers crossed it is soon!

They have not enjoyed being in the public spotlight, the moment they believe the turnaround is working they will be taking it back to private for as low as possible.

Talking to myself..but nonetheless a wobbly few days this week as the market started to doubt whether a September rate cut would happen. Following today's speech by Fed Powell a cut is guaranteed. ETH has gained 12% today on not only its USD pair but also it's BTC pair which is significant, the momentum is clearly with ETH right now. Let's see how the long weekend unfolds for alts and whether volume returns to KR1 next week.

I am really excited for KR1. With ETH at all-time highs, the alts rally will soon follow. Combine that with growing expectations of a rate cut in September things are lining up well for crypto. Once the demand comes in this thing will fly. Today's volume is the highest since February.

Don't miss out, the rocket will be on its way soon...

Thanks, I forgot about the 50EMA. Let's see if it can get over it :)

@jamesss - what do you think of today's actions? On the 1 year chart 337.5 looks to be a previous support from March 2024, and it looks like it is still in it's trading pattern since March 2025. LTH with an average price of £4.50 here.

Given the messaging I expect the share price will open at 175-180 on Monday, it sounds very much like a done deal..

My average is 112, been buying since March 2022.

Yep looks like it wants to re-test the 440-450 level. It's funny, the shorters have suddenly gone quiet here for the last few days, you'd be thinking they'd be screaming at how at this level it's at an even better level to short ;)

Been on the sidelines for a long while waiting for a good valuation, was a bit worried by the rise in expenses and the debt it had. Finally pulled the trigger on an extremely small number of shares in August 2024 just so I can start to monitor closer for a dip. The dip finally comes and its immediately taken private - long term shareholders will feel very disappointed at the TO price.

I'm not so sure I would personally want to have unlisted shares either, that's going to be incredibly illiquid to sell in the future..T212 would have likely force liquidated my position anyways.

Just received a shareholder letter from Boohoo in the post. It just goes over the general meeting for the 20th December and for Boohoo requesting for resolutions to be voted against. It goes to show how under threat Boohoo feel right now. Thought it was interesting too as its been a long while since I last recevied a shareholder letter in the mail from any company, last one was ThinkSmart I think..

7k is not to be sniffed at for 2 days turnaround, you must have put a lot on the line. You have more to show than my buy and hold since 2020. There is positive momentum back in the chart now though so I expect things to continue to move upwards.

BLV - a great company managed by great leaders. They were on my radar from 2021 but as is always the case I never built up a big enough position, with my first shares only being purchased last July below £2. Like everyone else I am sad to see this merger likely to go through, in particular not seeing mention of Dorian & Louise as being part of TPFG longer term.

For that reason above I sold out this morning with a 30% gain. Will it be a mistake? Time will tell, however I do not know anything about TPFG and I don't want the price fluctuations of them to impact BLV. I'll let things settle down, do my research and see if it will be worth re-entering.

Good luck all.

Perhaps there is more behind the scenes about who does and does not want this merger to happen.

Well it definitely seems like the price was suppressed to stop it entering the FTSE 250. Certainly seems to be like we're done being in the 390s. Anyone thinking it wouldn't hit 430 this year must be feeling like a right mug, it's clear this stock is high volatile as the free float gets lower and lower.

Https://www.ftserussell.com/press/ftse-uk-index-series-quarterly-review-september-2023

Just missed out it looks like - got to have been close.

Next review will be end of November then.

As of last Friday, ASOS would not be promoted into the FTSE 250.

https://content.ftserussell.com/sites/default/files/2023.08.22_ftse_uk_index_series_indicative_review_september_2023_final_0.pdf

However given the volatility we are seeing it must be close. We'll know for sure on Wednesday. It does seem MA and Camelot are thinking it's going to happen.