George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
Yes, 15 a share would net me a healthy profit.
If the major holders and BoD can't get this share back up to the 20's, then I'm fine with the company being sold off for a song to an investment firm.
If a take over offer of £1.5b comes in, would the company have to be sold?
Seems like a massive bargain to be snapped up here. For low cost get a whole build, market integrated, well established brand.
2 reason. One general PI market will get paid from jobs. As such a nature injection of cash into the market from PI that can see the current price drops as an opportunity.
Secondly, looks like we will see a flood of cash from institutions that will be debt leveraging to increase positions using the drop in market prices as an opportunity.
Buy low sell high. And nothing to fear but fear itself.
2 week of May can see this be being in the 17 by the looks of things, Asos still make lots of sales during the spring and summer season, and they will have a better profit margin as they bought most product to sell in Nov-Feb period.
I'm impressed by how much tree shaking has happened across the whole market.
But next week people get paid, so expect a flood of PI money to pour into the market.
Really seems like a bunch of nerds forgot one key thing, doesn't matter how dire the economic situation, people still want to front and clout chase. This is even more of an market force now days in the era of social media.
And guess what all the under 40's are putting more money into clothing than any other consumable goods.
The big funds must be living this, all the weak hands selling so they can buy cheap.
Barring the European situation this should be flying high.
The whole gas thing and cost of living won't really affected Asos rate of sales. People will stop buying food but will continue to buy clothes.
Nothing tastes better than being slim.
Not sure why people are concerned with Asos business operations, are they aware of how expensive warehousing and logistics is, the fact that asos have gotten good at this to have reduced costs makes them more powerful in a market place with rising delivery costs.
If anything the current issues in the market work to asos benefits.
Their size and direct connection to clients via the web and apps means their don't have such physical location costs and essentially their doors are open 24/7.
The current attack is on limited share trading. The shorts need to close soon, and the sales figures for Spring and summer will be good compared to the trading period of Nov 2021 to Feb 2022 where they spent more money on products ready.
Seems to be the season of acquisition and mergers.
As such, maybe we could see Asos be acquired while the price is low, and explains the long time frame for new CEO to take the reins.
As such, what could we see Asos be bought for, £2.2B?
Was just looking at shorttracke, and can see the following have closed their short positions last week:
GLG Partners
Citadel Advisors.
There currently is a total short position of 4.19%
Of that, 2.60% is Marshall Wace, (which mean, Marshall Wace holds is 62% if short positions), so if that one party decides to sell it clears a lot of that position. I imagine they will be getting tempted to do so soon as this share could very easily bounce into the 1600 in a couple of weeks, so better for them to close at this low price.
Considering the sells today and generally very negative market sentiment today, it is fair to say the bottom is solid considering the consolidation around 1400, and with small pushes this easily carries up in price.