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£782,000 show of support by three Asos directors helped the online fashion retailer to recover somewhat a day after a huge profit alert erased about a third of its stock market value.
Asos revealed yesterday that Ian Dyson, its departing chairman, Jorgen Lindemann, Dyson’s successor, and Patrick Kennedy had been in the market buying up stock on Thursday, when the shares plummeted by 32.5 per cent. Lindemann, 55, who was announced as the replacement for Dyson, 60, on Thursday, bought shares worth more than £490,270 and Kennedy, 53, the board’s senior independent director, spent £242,895 on stock. Dyson, who steps down at the end of July, bought shares valued at £49,655.
https://www.thetimes.co.uk/article/asos-in-the-pink-once-again-as-directors-put-hands-in-pockets-6pmd9pmw7
fair value 15-16p .....65% now owned by Rishi......slowly Gov taking over North Sea profits to pay for covid!!
Nothing left for S/H unless you are trading this....
Btw Brent has seen the top and will go sub 100 soon;)
totally agree with Barclays as we both our analysis shows ENQ overvalued....
Analysts at Barclays downgraded their recommendation for shares of Enquest on the back of the government's recently announced plan for a levy on energy companies' profits.
The recommendation went from 'neutral' to 'underweight' with the analysts estimating the tax would reduce the outfit's free cash flow across 2023-26 by $450m.
That equated to a 36% cut to the company's discounted cash flow valuation and put Enquest's debt refinancing plans back in focus "just as higher oil prices and improved operating performance had eased concerns."
In turn, the analysts lowered their target price for the shares from 40.0p to 23.0p.
I think BARC is a tad optimistic as my calcs hows 18p