Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Interesting reading in the Mail yesterday that so many British firms now ‘sitting ducks’ in the firing line as predators search for takeover bargains
ASOS is mentioned in the comments
LMR up and down like a yo-yo
Very dangerous shorting this now. With ‘non stop interest’ in TopShop I honestly feel we could wake up any morning to big big news.
Https://www.retailgazette.co.uk/blog/2024/04/asos-boss-topshop/
What is current market cap of Asos? Looks like huge interest in just the top shop bit.
If the CEO now comes out and says we have had an offer of hundreds of millions of pounds for JUST topshop, does that not make a mockery of the current SP for Asos?
Big buys piling on now.
Barker? Ashley?
Today will be remembered as the key turning point…
Tweaks ASOS target to 490 pence - ‘buy’
We have lift off guys!
About time.
Https://www.cityam.com/asos-ahead-of-schedule-turning-stock-into-cash-as-revenue-drops-18-per-cent/
Impressed and relieved with this update.
Also think the naming of former Sainsbury’s and Amazon exec Dave Murray as new chief financial officer is fantastic.
Happy.
Excellent update over at Asos this morning. Well ahead on stock reduction, strongest cash performance since 2017, expanding margins, very good indeed. Wonder if any uplift there will transfer here
Yet the SP still drops…
Big increase in shorts yesterday and probably today too…
But boohoo shorters closing it seems
Price on application
A fortune then.
Good news
A quick Google search and I cannot find out who the agent was for this sale. Would be very interesting to find out the guide price and what it sold for.
I think they will have got a lot for that London office that closed too, the flash head office just off Regent Street, unless that was leased?
It’ll be interesting to see if Barker now carries on buying…
Shorts actually dropped from nearly 7 per cent yesterday back down to 6 per cent
Retail Week:
Former Asos chief executive Nick Beighton called Nordstrom “the right partner” when the collaboration was first announced in July 2021. So would now be the right time for the US department store chain to take this partnership to another level – or are Frasers still first in line?
Shore Capital research analyst Eleonora Dani says a potential Asos bidder needs to be tuned into the online fashion retail space in order to make it a success.
“Nordstrom would make sense because Asos needs a business that knows how to engage with shoppers online and that itself has a strong online presence,” she says.
GlobalData retail managing director Neil Saunders says “I think it makes sense from Asos’ point of view to be acquired; I think it would solve a lot of their issues and take a lot of heat off of them.”
A senior fashion retailer told Retail Week that a Nordstrom takeover is certainly a potential option, but questioned whether Mike Ashley’s retail empire might win the battle if it attempts to bring Boohoo and Asos together.
With the SP and current valuation SO low now I think shorting this into the results is far riskier than holding/buying.
There’s already been a recent takeover bid of £10.
And Barker’s buying is most interesting.
Afternoon buys coming now as many predicted.. it’ll either be Ashley or Barker
Those trading on low valuations are “sitting ducks”
“Logistics firm Wincanton has seen its share value double since it agreed a takeover by France’s CMA CGM last month, only for a rival US bidder GXO to submit a much higher £762million offer yesterday.
Currys rose more than 40 per cent amid two rejected bids from American hedge fund Elliott and an expression of interest from Chinese online retail giant JD.com.”
https://www.thisismoney.co.uk/money/markets/article-13142677/Britain-Sale-countrys-biggest-firms-picked-one-one-foreign-predators-pounce.html
Those trading on low valuations are “sitting ducks”
“Logistics firm Wincanton has seen its share value double since it agreed a takeover by France’s CMA CGM last month, only for a rival US bidder GXO to submit a much higher £762million offer yesterday.
Currys rose more than 40 per cent amid two rejected bids from American hedge fund Elliott and an expression of interest from Chinese online retail giant JD.com.”
https://www.thisismoney.co.uk/money/markets/article-13142677/Britain-Sale-countrys-biggest-firms-picked-one-one-foreign-predators-pounce.html