The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Make PMO positive pedestrian.
Can't believe this is 10p. Maybe market will finally start believing?
All IMHO DYOR
Happy
Https://www.londonstockexchange.com/news-article/RKH/sea-lion-and-corporate-update/16297497
I think they're going to merge and it will be 1:1. One share in the new entity for each Boo or ASOS share. I commented in the past that market caps were almost identical. The merged entity would easily be able to absorb ASOS's debt.
Personally, it would be a disappointing outcome because I think Boohoo is the better and more commercial operation. But long-term, I think shareholders of Boo and Asos may have much to gain. The synergies would be enormous and the combined entity with sales of over £5bn would have a huge opportunity in the UK market and the US. I guess large shareholders may have decided scale matters in the battle again the Chinese players.
All complete speculation on my part, but I can see why it might happen. That neither company now plans to update the market on the key Christmas trading period definitely adds to the intrigue.
If the speculation is actually on to something, the management teams will have to make a statement.
All IMHO DYOR
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BP is much cheaper than peers and that's why, in spite of this poor choice for CEO, I will continue to hold. I think Murray will materially increase the fixed dividend next time to take the sting out of the inevitable backlash to his appointment. Many institutional investors will not be enthused by this decision.
But the problem isn't just the CEO, it's the entire board. They all need to go.
I think this leaves BP more vulnerable to an opportunistic bid because there will be unhappy institutions especially in the US.
Why did it take 5 months and a team of headhunters to reach this conclusion?
All IMHO DYOR
Happy
Before Christmas, IR told me they would be updating the the market in the "New Year", by which one reasonably assumes a January trading update was planned. Have they now changed their mind? Whatever the state of trading, they need to update the market. Radio silence is not a goer.
Only reason to delay might be because they are at an advanced stage in takeover talks and want to keep a tight lid on things. But there has been no indication of such a situation.
All IMHO DYOR
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Think the TU will surprise to the upside despite our recent pummelling.
Not long to wait...
All IMHO DYOR
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I think it largely hinges on the next set of trading updates. I think we are much better placed than ASOS but time will tell.
All IMHO DYOR
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Boohoo and ASOS market caps almost identical again.
Is this the moment large shareholders (many such as MA invested in both) arrange a shotgun marriage of equals?
The back office synergies would be very substantial. Not saying I favour it tbh but I can see that it may happen.
All IMHO DYOR
Happy
Where's the SP gone? Was I right when I warned this was worthless?
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Looks good to me. Am pleased large investors are flexing their muscles behind the scenes. This is too important to leave to the useless and incompetent board.
All IMHO DYOR
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I think Boohoo's quality compares well to Next but they cater to different demographic. Next's execution from factory floor to shop floor has long been best-in-class. But Boo's gross margins are outstanding for an online retailer and I think they've got product and price right.
Looking forward to our TU. Rest is all conjecture.
All IMHO DYOR
Happy
Next beats citing greater proportion of full price sales:
https://www.londonstockexchange.com/news-article/NXT/trading-statement/16274794
JD misses citing mild weather:
https://www.londonstockexchange.com/news-article/JD./trading-update/16274827
I remain optimistic on Boo and fully invested. I think our excellent gross margins will stand us in great stead throughout 2024 as sales growth resumes in the face of easing macro and lower rates. I think the Christmas trading update will beat low market expectations and set a base for a sustained recovery. We shall see.
All IMHO DYOR
Happy
Happy New Year, Spights. And to all the other excellent posters here.
Looking forward to 2024 with BP. We are the cheapest supermajor out there and, when we get our house in order, there's plenty of upside from here.
All IMHO DYOR
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OK less than I had hoped but far more than is priced in.
Big catalyst is Award annulment decision in April. If no annulment then we get further €65m. Then we should see another material SP uplift.
Positive vibes on SL too.
All round good news.
All IMHO DYOR
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10-bagger babies will be gorging on the shorters very soon.
This is only getting started....
All IMHO DYOR
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The longer the shorters leave it, the worse the short squeeze will be. At some point, they will be tripping over themselves to find the exit.
All IMHO DYOR
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All IMHO DYOR
Happy
We keepin' it real.
My 10-bagger Boohoo babies, or boobies for short, be getting started.
Come on my 10-bagger boobies.
All right nurse, I can take my meds now....
All IMHO DYOR
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January
I'm a Boohoo shareholder.
I don't like it when my shares rise too much.
Hehehe
Happy
Well summarised SCB.
Isn't this great?
I'm lovin' it
All IMHO DYOR
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