Member Info for NGC001

Hi Jeremy,

Are these definitely buys? The price doesn't seem to be reflecting these but guess that's nothing new....

Agree, BOO does seem to be holding up/recovering quite well so far which is certainly encouraging today.

According to the British Retail Consortium data on Tuesday, annual shop price inflation dropped to 5.2% from 6.2% in September, being the lowest since August 2022. The UK shop inflation has eased to its lowest rate which indicates that the country's high inflation rate will resume its fall.

https://brc.org.uk/news/corporate-affairs/chancellor-must-act-to-ease-inflation/

He’s definitely pulling some strings for sure Abledon.

I was sure up to this point he was going to try to buy BOO, but the Shein thing had me thinking.

Some good points brought forward have put me back on track.

That does make some possible sense of it Reardon, if he’s after Debs then he needs leverage. Keep Shein onside as knows they will eventually dominate in the fast fashion space.

Interesting theory Jeremy!

Certainly plausible.

It’s the further collaboration that’s got me scratching my head.

Can’t figure out why build a stake in BOO and yet collaborate at the same time with their major competitor who is a threat?

Answers on a postcard please!?

I tend to agree.

Deals don’t happen overnight, so they does seem to appear there was already a plan in place when MA started buying. I have to admit I’m not sure now where this is going…

I have just bought in and think the tide may be finally turning for GCP.

Huge buys going through today, glad I’ve got in at this ground level and happy to start taking some nice dividends 🙂

Thanks for sharing.

Can’t believe this is still going down!

The signs are clearly there, this was from Michael Murray;

“All I can do is talk about how it looks very obvious afterwards. Flannels was an acquisition, and now it seems normal that Flannels is a part of Frasers Group. And Game, you think: why would you buy 30% of Game? Afterwards, it’s all very obvious.”

I'm thinking it makes complete sense for Frasers, even if they get it back in value to just £1 that triples their investment. If they reach 30% at these price levels, they could stand to make £250M if they get it back on track in the long term.

Requirement for a mandatory offer: Where a bidder is interested in shares carrying 30% or more of the target's voting share rights, the bidder must make a mandatory offer in cash at no less than the highest price paid during the preceding 12 months

Mid; being the part in the middle or midst; occupying a middle position

https://www.merriam-webster.com/dictionary/mid

A lot of things affect share pricing as we all know.

It's highly likely that a takeover is on the cards here. Willing buyers and sellers at low pricing doesn't quite explain the price movements we are seeing for me, unless manipulated somehow (which can happen legally via Darkpools).

Investments in Boohoo are "Mid Flight" according to Micheal Murray. Taken literally "Mid" would suggest halfway there.

We know if 30% is reached it triggers a mandatory takeover bid. This is what happened with Game;

"Mike Ashley added Game to his retail empire in June 2019 in a £52m deal.

Frasers Group, which was Sports Direct at the time, had built a sizeable share in the gaming retailer, which it upped to 30% in 2019, sparking a mandatory takeover bid.

Since the acquisition, Game has strengthened its position. The retailer, which had been in a perilous position as gamers were increasingly bypassing traditional retailers, has been creating gaming spaces both in stores and online."

I suspect this is the plan for BOO and ASOS, buy cheap and affect turnaround which will come eventually, but why this isn't having a material affect on the pricing is strange to me.

All my opinion of course, we will see how it washes out..

MA has increased his stake yet again and the short position has reduced accordingly to ShortTracker, but the price still goes down?

It genuinely doesn't seem right?

It's very strange indeed as sentiment does also not appear to be weighing in as a factor in SP movement....

It's incredible that a large stake can be built like this and the share price trades sideways...

Yes, a plan indeed JeremyP.

Frasers has stated when they started acquiring shares that they see “potential synergies” between Boohoo and two of its brands, I Saw It First and Missguided, and hopes to forge collaborations between them.

I don't see that anything has changed since this statement was given, and the fact the stake is being steadily and significantly increased suggests they think it could be more than just "potential synergies".

Things do seem to be moving at a relatively brisk pace, so hopefully we won't have to wait too long....

My thoughts are Mike Ashley is the 49th richest person in the UK and worth £3.84 billion.

He doesn’t need to make a quick buck anymore…

I see this more about his retail empire and legacy.

Guess this goes someway to shedding some light...

https://www.euronews.com/2023/10/10/green-stocks-in-the-red-renewable-sector-tumbles-as-investors-pull-out-billions