Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
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..
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....
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
Thanks for the response #theoldmansdoneit.
I need to do some more digging I think...
I'm looking to invest here and just can't understand why the price has been in constant decline.
Anyone able to offer a bit of insight as can't see what I'm missing here?
Seems someone is positive on retail at least..
https://www.business-live.co.uk/retail-consumer/stake-revolution-beauty-increased-former-27708062
William Currie Investments is led by Bill Currie who was previously a retail analyst for Barclays (BZW), Hoare Govett and Charterhouse Securities, where he was joint managing director. Previous investments have included ASOS, Boohoo, THG and Caffé Nero.
Not 100% sure, but looking at short positions on LSE, seems Qube Research and Technologies Limited have totally covered their 0.5% short position?
https://www.lse.co.uk/ShareShortPositions.html?shareprice=BOO&share=Boohoo