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The Marshall Wace reduction of 0.42% is important they’re very good at what they do !!
Shorts reduced significantly yesterday
https://www.shorttracker.co.uk/company/GB0030927254/
Bank of America are know for lending their shares to shorts them being out is not a bad thing at all !!
Mike Ashley bought £10 million pounds worth of stock on Monday to add to the in excess £25 million he had previously bought. I know who's lead I'm going to take Simon's off a BB Board or the most successful British retailer.
Why would he up his stake if he’s looking to buy outright ? It was at 13 year lows of course if he’s looking to takeover he’s going to buy as many shares as he can for as cheap as he can. If he made an approach there would have to be an RNS at that point the share would double just on the news !!
Follow the money he bought £10 million of shares on Monday and wouldn't be surprised if he did similar yesterday.
I think I posted yesterday in relation to Mike Ashley being down 30% on his initial investment . If people don't think he won't have access to information your standard PI doesn't your in cloud cuckoo land with him owning in excess of 5% already. Lets see if he increases his holding !!
The CEO was always going to kitchen sink the results why wouldn't you ! May as well clear the deck now get all the negatives out of the way and then become the saviour further down the line. If Topshop was bought for £330 million how much is Asos worth a global brand with £3.5-£4 billion of sales. As it stands Mike Ashley is around 25-30% down on his initial purchase and when it comes to retail he's no mug !!
They have downgraded to 550 which is still 35% above todays price !!
I’m buying in here first thing I think Boohoo results are ok. With the brands Asos have alongside revenue this can turn back to profit and significant profit just look at previous years off 2 billion revenue . After the comms from IR yesterday I’m going balls deep !!
The CEO said 4 days ago they won’t be raising cash. I know who I would listen to not some numpty on here shorting the share. I’ve not bought in yet was always waiting for Boohoo results but the market cap is ludicrous they paid 300 million for Topshop alone. With online sales predicted to grow 25% in the next 3 years this is an opportunity to make serious money !!
The CEO told Reuters 4 days ago there would be no rights issue.
The amount of drivel on this board is bizarre the best one I've seen in ages is this should have the same market cap as Superdry !!
It's only letting you buy in 1k tranches on HL ???
This could see a 20% move once shorts start to break cover there will be real shortage of stock.
Mike funnily enough I was aware of the differences between a luxury car maker and a holiday company ! However when you trade you look at patterns and as I mentioned a while back shorts would jump all over TUI due to the RI. TUI shorts are now at record levels do you see where I’m going with this. I’ve seen numerous comments on here saying it wouldn’t get anywhere the RI price and guess what it’s almost there so with it being a forum I was interested in another posters opinion.
C264 how low do you think it could go I was reading your posts with interest over on the AML board when the RI was taking place there and you was correct when you said it would go below the RI price.
Just bought my first tranche maybe slightly premature but once one of the shorts breaks cover it could be quite spectacular fingers crossed !!
Jeff I agree from the trading perspective and if I'm honest I enjoy reading your posts. If I'm honest you and Rookie have called it so far !!
It's amazing a 1.5-2% drop in oil can cause the market cap to drop over £100 million of the companies already distressed market cap !! Based on the share buybacks this is now around 11p old PMO money unbelievable JEFF !!
ADHB RR dropped to the low 30s on the 05/10/2020. As others have said this is a TUI board but it’s all there for everyone to see !