Member Info for gregpeck7

If shorts really are closing now , and looks that way and longs are increasing this could really motor.

From boohoo.

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Boohoo provided a notice of trading update in its FY results announcement on 16 May 2023 and said the following: “The Group’s next update will be its half year results for the six months ended 31 August 2023 in September / October 2023.”

Hopefully this clarifies it for you.

They are already fully priced in ... And more... This has been mercilessly driven down - the valuation is utterly ridiculous. THursday will just reiterate what we heard 2 weeks ago at the equity raise but this hot spell will be driving up sales hard ... All looking good for a strong summer here.

As part of the equity raise. We should get a decent looking statement on thursday. Also the warm weather will really be helping as people refresh their look for the summer

As highlighted in the interim results announcement on 10 May 2023, the Driving Change agenda is progressing as planned with positive adjusted earnings before interest and tax ("EBIT")4 and a free cash inflow expected in the second half of the year despite challenging trading conditions5.

The Company believes that the combination of: (1) the new longer term financing facility; (2) the Equity Raise; and (3) actions taken by the Company under its Driving Change agenda culminating in a return to sustainable profitability and cash generation, create a stable base for ASOS' continued execution of its strategy and future return to growth.

The Board's unanimous view is that the Placing and Retail Offer are in the best interests of shareholders, as well as wider stakeholders in ASOS.

They clearly want one here as well!

Could he take it private with the Bestseller owner joint takeover?

He is currently buying under the placing price - I would literally be buying everything in site down here if I was him.

I think we will see some other big players start to take stakes around these levels now... The game is on.

There is something going on here, someone will break cover soon and an offer will emerge.

Https://amp.theguardian.com/business/2023/jun/06/mike-ashleys-frasers-group-raises-stake-in-asos-to-nearly-9

Https://www.thisismoney.co.uk/money/markets/article-12161941/MARKET-REPORT-Asos-shares-surge-7-1-Turkish-takeover-talks.html

Https://uk.style.yahoo.com/style/buy-asos-shares-reports-1bn-160700639.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvLnVrLw&guce_referrer_sig=AQAAAADsT8MC20-qSAOugSNnOy2CleXIC-vDn8ZHaWCjvKdOQm-ZhoAUvqdcqg40y3raoRy106YwU4YxuUgbVB7R0rb1wqiAobfPnr2r5DSsjWJO9F-yz7dRT69YNMfewFBU2O5Scy2LANndxlCSpmuuxd3dQAH_0tiNHtpkqgcaoR0N

Pull back over, this is going to close strong. Ridiculous SP, they will lose control

Therefore they cannot issue a statement easily about the situation.. this gets more and more interesting. I don’t believe they have not been approached at these levels.

That job is largely done now and the company is being run more like a traditional business. Anyone buying this shortcuts the years and years of planning and capital investment to get to this size and scale. This is an absolute bargain and that’s why people are sniffing all over it at these prices. They will have to be quick though if they want this for 800p. And that would be a bargain imo.

Why would you take up the placing then sell at the placing price?!

That would be totally stupid.

Which is RIDICULOUS

THEY ARE LOSING CONTROL - KEEP BUYING.

Ridiculously cheap. Keep buying! Shorts starting to feel this now. Price will explode soon.

BUY EVERYTHING OUT THERE ON THE MARKET. I WILL GET TOPSHOP!!!!

Thats how far they pushed this down and show just how much this has got to go just to hit a sane valuation.