MYSALE - PAUL SCOTT comments17 Aug 2022 16:23
Mysale (LON:MYSL) - breaking news! Mike Ashley's Frasers (LON:FRAS) has announced a 2.0p cash bid for the company (an Australian flash sale eCommerce business). This is a 25% discount to yesterday's closing price. Although as FRAS points out, the price spiked up from 1.25p when FRAS popped up with a new 28.5% stake in MYSL on 1 July 2022, which I covered here. MYSL is a serial disappointer, so I'll be really glad to see the back of it, and not to have to waste time covering its future updates. As an entry into Australian markets, it makes much more sense for MYSL to be consumed within FRAS's vast empire, than try to operate on a standalone basis, which has tried, but failed.