The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Here is the process:
https://www.evraz.com/en/investors/shareholder-contacts/
You need to agree on a price with a seller
Https://twitter.com/abc202324/status/1672527643881684994?s=46&t=p-fBnvpF9tMFyB57eUoEZQ
Trackers sold
Shorters closed position
Many new medium / longterm holders retail arrived
MA bought via open market and reduced freefloat
Upcoming upsides:
- ASOS NOW TOP M&A TARGET IN EUROPE
- H2-23 FORECAST UPDATE / INCREASE OF PROFIT & FREE CASHFLOW
- SHORTERS FURTHER REDUCE
- MORE BUYERS THAN SELLERS
This is the biggest pump an dump i have seen this year…
The company has no obligation to answer or direct answer on rumours out of the press!
Spoke to a friend / works here … he has zero clue what this here is about
Interesting as parallel ASOS was yesterday evening nominated as ‘TOP EUROPEAN M&A TARGET’ - also there speculations ongoing of imminently buyout 5-7 times of todays Shareprice … maybe all connected ?
Here is the article:
https://www.bloomberg.com/news/articles/2023-06-21/retailer-asos-software-firms-top-european-m-a-targets-in-poll
Acquisitions are mostly valued by the future potential … ASOS has started to show it will produce a lot of money ….
In the last 15 years it did / except for 1
If we see a bid … £25 SP in my view! GLA
ASOS NOW TOP EUROPEAN M&A TARGET21 Jun 2023 18:30
Https://www.bloomberg.com/news/articles/2023-06-21/retailer-asos-software-firms-top-european-m-a-targets-in-poll
This article is key to me. Lets not forget the facts :
1. 900M NET ASSET
2 Profitable since last quarter
3. CEO announced in analyst call (Q3-23 update) that ebidta margin will grow from 9% (good year before) to 20-25%
4. Forecast H2-23, we make £20-60M ebidta
5. Likely we see a profit warning with fundamental upgrade of ebidta and cashflow generation
Any acceptable bid will have following components to include:
NET ASSET (£900M) + Ebidta multiple for H2-23 + Premium
My view on this :
£900M + £1200M (20x£60M) + 35-50% premium = £2.8B - £3.2B or SP of £22 - £26.5
GLA