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Mike Ashley has always wanted Top Shop
He knows that Asos are a massive threat to the Fraser Group empire.
So in reality buying up Asos, even if it costs his £15 per shares, is in his interest.
Realistically even a cost of £8 is still low, so expect 100% from here soon
Bought another £4k at 350 to add to my holding.
holding till £15 or a takeover, and expect one of the 2 to happen this year!
On the road back to £15!
Looking at other retailers, and the latest Asos report, everything is pointing towards a massive rise in price now.
Asos are in a very dominate position with their market and being online.
Or..... we could still see a takeover offer still... which I would support for £15 payment now
Company should have a share price of £15 currently based on the £120m yearly profit and 15 year multiplier.
massive potential from this current place, and a very small free float!
Across the board multiple clothing companies are beating expectations.
And with Asos working to increase their profit margins this means great potential.
See you all at £50!
Like I said, they are squeezing the lemon at the moment, however, this is a squeeze against the stable floor.
The only way is up now!
The more this is held down and squeezed, the juicier the lemonade will be!
roll up roll, buy them while you can!
Look at the buys/sells, there is pressure building, and every time this moves up there is a drag down attack, so the smart money are trying to hold this down while they eat up the shares.
Looking good here, and building a solid platform.
expect some great results soon, and back on being a multi billion company!
10-Jul-23 17:24:13 340.90 208,875 Unknown* 340.10 340.50 712.05k O
10-Jul-23 17:24:13 340.90 119,752 Unknown* 340.10 340.50 408.23k O
Completely serious about the £8 a share by end of July, at the tracking and trades.
Any big buy over £1m and this will jump, the shorts will panic and buy, and it will be a fast run back.
Look at the legacy of this share, it drops like stone on bad times, and only anything good happens it double in price instantly. expect this to be in the 8's by the end of July!
Easily can be £15 by Xmas.
Keep in mind the company is on track for £60m H2 profit.
Has done the hard work to address core issues, and began a power house in the online retail space.
You never know, maybe Amazon will buy them up for circa £2b......
Buy low sell high - as the mantra goes.
And lowing at the buys/sells and factors that determine the cost, this is an amazing opportunity.
Low cost clothing that can be worn and thrown.
Lots of styles that for Gen Z is drip and rizz.
Having to buy due to limits means lots of stuff will be bought and held for future occasions.
Considering 90's / 2000's fashion is cool again, i expect the site to always be selling out.
And this is all PROFIT, as the stock has already been written off!!!
Expect Asos to come out with updated guidance, and starting to look towards the £120m profit region.
Road to Xmas and £15 a share is here !
Read the trading tape, the MM are buying up stocks to hold for market re-rate!
Sold Value £456.81k
Bought Value £877.81k
Happy to take a payment of £15.
Everything is pointing to this company making some big profits in H2, and dealt with a large proportion of debt.
Great savings account that from now till Xmas can net a 100% profit.