Member Info for LongerGuy

Probably only about £4-5. He only started buying the last time the price was depressed in October.

I don't think his plan is to block the takeover. It's to give him bargaining power if and when an offer comes in. It could be he uses it to get the closer working relationship with ASOS that he's been after for instance, but under the new ownership.

For clarity I wasn't suggesting this was going to Administration. I meant the move from FTSE 250 to small cap. Surely index funds that track the Ftse 250 will have to sell. I don't know if they have a grace period though, but could explain how Ashley and co are managing to find so many shares when at most 20% are available in the open market

So notably there haven't been an institutional sells or director, but the price keeps dropping despite the buying from Frasers etc. Could the selling not just be those index funds which track the Ftse 250 and therefore need to sell up before this is removed?

Interestingly I note the results are scheduled the day before this is moved to the small cap index, but I doubt they can risk waiting until the last day to reposition themselves.

Knowbody. It sounds like you've really done your due diligence here from your many posts, I can understand why you're concerned having been in your position too many times already. Only you can decide the best root for you, but try to filter the noise if you can.

Looks like they decided to add to their short position during Monday's rally then.

There could be an offer. One article said it's more common to get in early during a turnaround before the share price improves.

You would have thought that given the last update was in May and they said they are on target to deliver profitability in H2 that they would have had a pretty good idea with 2 months of H2 trading behind them when that statement was made.

Wow Cuppy, sorry to hear that. Looks like you've been a long term supporter here and it hasn't treated you well.

You'd almost need to double your holding which is a hell of a financial commitment (must be close to £300k?). I don't know your circumstances though.

I find it incredible that Credit Suisse still feel in a position to judge other businesses given their own financial standing

Also surely the Directors wouldn't have put in their own money if they thought the update was going to tank it further. I know they weren't huge, but they weren't pocket change either.

Looks like two 1m trades. If that was Frasers as you guess, that would have pushed them over the threshold or there abouts

Whether sell, buy or hold - all these price targets are well above where we are now.

ASOS (LON:ASC – Get Rating) had its price target dropped by Berenberg Bank from GBX 1,000 ($12.43) to GBX 940 ($11.69) in a report issued on Monday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 164.04% from the stock’s previous close.

ASC has been the topic of a number of other research reports. Shore Capital reaffirmed a “sell” rating on shares of ASOS in a research note on Friday, May 26th. Barclays reissued an “equal weight” rating and set a GBX 625 ($7.77) price target on shares of ASOS in a research report on Thursday, April 6th. Liberum Capital raised shares of ASOS to a “hold” rating and decreased their target price for the stock from GBX 500 ($6.22) to GBX 470 ($5.84) in a report on Friday, May 26th. The Goldman Sachs Group set a GBX 1,050 ($13.05) target price on shares of ASOS in a report on Tuesday, February 21st. Finally, Citigroup raised shares of ASOS to a “buy” rating and decreased their price objective for the company from GBX 780 ($9.70) to GBX 600 ($7.46) in a report on Friday, May 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 839.58 ($10.44).

I wonder, if there is indeed someone sniffing around, whether Frasers getting closer and closer to 10% is pressuring them to make a move before they reach it

Agreed Knowbody, it doesn't make sense, but I wonder if that's the shorts ensuring they get an orderly exit?

A UK-based debt advisor believes that Asos’s prospective acquisition “would likely come from abroad” and is impending: “It's unlikely that [Asos] will have a long-term independent future.

“I can't particularly see it being a UK entity. I think it's likely to come from the Near or Far East,” he added.

A partner in a financial advisory company with knowledge of Asos’s situation agreed the acquisition will come from abroad, most likely from a business which “either has no UK market access, or no ecommerce platform”: “It makes a lot of sense to somebody who can take it semi-vertical, so if you already own a significant garment business, what you're buying is an online platform that you can push your garments through.

Wow, more than a double the current price then....

Just released today from Berenberg. So even without a bidding war they think this could more than double.

Thank you. I only managed to get on today having posted yesterday that I was jealous, hope I've made the right choice.

Any way to access that on catch up? I'm amazed this didn't rise more today if that's true. PI's are usually the last to know.