The dots need joining up! Why have Frasers (or ano) bought another 28M of Boo today probably at 20% now and Frasers upped their stake to 23.6% in Asos!
Exactly! They are a retail business not a property investor. Investors take a dim view of companies acquiring property assets, they used pure cash to buy this property and now are paying a big % on interest. Doesn’t make sense
Sale and lease back on soho nets over £100m, buy £50m of stock, clean the shorts out whilst the SP rises dramatically. Pay off some of the RCF and bank the rest.