Member Info for clairesmith

some good profit to be made here, buy the dips and make some easy cash

Fraser Group has bought a large holding of Asos.
Fraser Group has explicitly said they want to improve its online presence.
Fraser has a new CEO with some very high targets.
Fraser Group is cash rich and as such in a position to spend now while the market is low to consolidate its position and continue its growth in the EU and USA (which Asos supports with the relationships and presence in EU and USA).
Buy Asos final gives Fraser access to all Top Shop brands.
Fraser buys up one of their main rivals and as such can combine operations to reduce costs and maximize profits across both estates.

Frasers could easy take a much larger (circa 29%) interest in the company
also now the shorts are loosing their last real chance to close position to realize maximum profits.
as such, a race between both parties to get shares while they can, and with a small free flat that they will have to be aggressively buying over the next week or so to ensure they can reach their objectives

i think that's why Fraser took a position, they can see Asos be an easy takeover, hence why they want to either be in a position to counter or make some money out of the situation
past the worst with this company, and the general market landscape has reached the bottom, as such now is the time for takeovers while still "cheap" and building over the next couple of years while the macros naturally move back to a time of higher economic flows

been a few chunky consolidated buys today, and with Fraser Group taking a large position, plus with a short of 7.9% still to be covered, it looks like someone is position building and consolidating the available shares

buy now, and the share price only has to go back to 770 and you make 40% profit.
insane opportunity here to make a lot of cash over the next couple of months.

Kanye has the wealth to take over Asos, using his connections to generate enough capital for a decent takeover bid.
They Ye can use Asos as part of the new road to empowering people through ethical and harmonised fashion collections.
Asos can also leverage Kayne's Adidas relationship as a springboard to UK growth in athleisure wear.
Now is the dawning of a new age, with our new prince Rishi at the helm of HMS UK.

any smart people have any ideas how much free float there is with this shares.
we must be at a point with very little shares available on the open market.
the short increase in recent times would balance out the fraser purchase, however, surely we are at a point where there is no left to sell?

hopefully we should see a takeover bid, be happy for £2b offer

I suspect 1 of 2 things:
A) MA has got wind of a takeover, so buying up to make a quick profit
B) MA has sights on Asos, as he knows they are one of the few companies that can undermine and stop Fraser

I personal would prefer course of action A, as this will mean a better payout to current holders, and as a consumer having competition in the market place is better

Mike Ashley has made alot of money due to be savvy.
He will see what if he takes over ASOS now then he takes major control of the UK market, and this also gives him reach into the USA / EU, allowing for Fraser Group to final gain ground aborad.
Mike also knows that if a large fund takeover Asos, then he will be in for a fight as the new owners will be far more aggressive in the market.

even though MA will make money from a takeover, the truth is the amount of money he stands to make will be small if Asos beats Fraser Group over the next few years.

And the shorts have increased their positions, however as we all know this is just guaranteeing shares to be bought again causing a price rise.
i would expect a takeover bid within the next couple of weeks before the Xmas shopping spree starts and the price starts to move north. also

Asos are primed for a takeover bidding war.
Mike Ashley knows that, and is putting himself in a position to either benefit or block.

The RNS is open and admitting issues in order to resolve them, and there are a lot of very things to be happy about as an investor in Asos:

Topshop growth shows the potential of ASOS' own brands
Topshop brands posted strong sales growth of 105% year-on-year in FY22, with growth of more than 200% in the US supported by the wholesale partnership with Nordstrom. Topshop and Topman are now available online and in store in more than 100 locations in the US and Canada, also as a result of the Nordstrom partnership.

EU
ASOS growth of 2% in Europe to £1,170.0m as the region

UK
Despite this, the UK delivered good revenue growth for the year of 7% to £1,762.8m

Active customers grew by 0.4m year-on-year to 25.7m excluding Russian active customers (flat at 26.4m including Russian active customers)

Asos is growing in customers and has constant usage as a retailer.

still 2 key questions.
A) is there any potential for another drop in this share price, or will the shorts be forced to close?
B) is this still a takeover potential?

reading the RNS, it is the same as other end-of-year statements, and to be expected.
however, it does seem like the new CEO is taking strong and definitive actions to resolve and improve the business.

what if things are fine in Asos relatively speaking taking into account the market?
most companies will be speaking to lenders over the next few months to lock in better loan agreements in the face of the interest rates moving up and being high for the next couple of years, so Asos doing the same considering their rolling facility is due in July 2024 makes sense.

The company is massively shorted, and we keep getting leaks to the press that vaguely say things could be bad, but never directly say they are bad which means they are trying to infer.
With this inference, the share price drops, and the biggest winners of a share price drop are the shorts.

Mike Ashley bought a 2.9% position in the company when it was in the 8's, and Mike knows the industry and reasonable what the internals of Asos might be like, and he would not have taken such a large position if he expected a loss.

Asos just said themselves they have a strong liquid position.
All banks and insurance are cutting liabilities across all sectors so nothing to do with Asos.
If anything, if asos has a strong liquid position that means they are actually in the power position to negotiate their lending facilities.

Seems like we will finally know the status of the business this week, and can gauge from that in the next few months.

A takeover would be foreseeable as the current price even taking into account the market conditions is a fantastic opportunity for investors.

could see a fund buying them up now, once the market macros improve Asos will be in a great position.

bids of £14 to £18 would be a good takeover target.

the pension funds are being naughty, they are selling shares to balance their books.
We already had the government bail them out with a guild buy, however, appears this might not happen again.
as such, there will come a point where the pension funds start buying stocks again to make a profit on the return of the market, and this will combine with the shorts closing position that will cause the whole FTSE250 to rocket upwards again.

however, I hope that a third party buys up asos for £2b now and be done with all this waiting.

good day, looks like we have a floor price with the results due on Wednesday 12th Oct.

time to buy more and hold in build up to xmas and new price.
reports are saying they expect a big jump in retail sales as everyone has been putting things off so will add to the usual high of this year.

simon1367, the whole retail industry is underwater currently.
What is happening to the share price of the majority of the market is that they are affected by macro market forces.
just need Asos to continue operations, reduce debt, increase profit margins, and improve operations.
And the market returns to normal trade levels this Asos share will easily be 5x where it is now.
buy and hold. keep buying as an investment and make lots of profit.
However, happy to take a takeover offer now of £2.5b