Member Info for Paulleydee

In auction!

Wow!

What a difference a week makes.

While SIH run for the hills

I completely agree 404x, danni hewson is the TOP bod at AJ Bell, way above Russ Mould or whatever his name is.

She upgraded to BUY but also said (in line with your point about polvsen preferring private companies)…

“It seems Povlsen might feel that Asos is better taken off the market and nursed back to health out of the public spotlight. Upgrade to BUY”

I’m not so sure, I think the Friday announcement was both a reaction to the plummeting share price but also a “look we are ahead of expectations, the plan is going well, even better than planned actually, if you are going to make a move put up or shut up and let us get on with it”

Similarity boohoo,

Debenhams storming it, we are doing this and it’s working so if you are going to bid get it out the way, if not let us get on with it

Hope? It’s not blind hope, is it. You have Danni Hewson, head of financial analysis at AJ Bell, saying she suspects an offer is now very much on the cards.

That is more than ‘hope’

You may not think an offer is coming but Danni Hewson, head of financial analysis at AJ Bell, suspects an offer is now very much on the cards.

I happen to agree with Danni.

Absolutely, the market simply got this one wrong.

Following Shore’s upgrade to BUY, Peel Hunt also upgraded its rating for Asos from Hold to Add, with the target price of 375p.

This is all looking rather good now. Total shift in sentiment. About time!

“Regarding Povlsen, Danni Hewson, head of financial analysis at AJ Bell, says that buying an additional chunk of stock is “out of the ordinary” and it has given the share price a lift.

“It puts his shareholding within a whisker of the 30% level that triggers a mandatory takeover offer,” she said.

“The Danish billionaire has already been ceded control of Topshop which has been the subject of a flurry of speculation that it might just make a welcome return to UK high streets.

“There’s something about an old favourite, a brand that has so much clout and shared memory that the mere whiff of a revival sparks headlines.

“Judging by the response to Boohoo’s decision to push Debenhams back into the limelight, there’s a lot to be said for bygone brands.

“The market lost faith in Asos years ago and the share price has remained weak, but a Topshop revival could change all that.

“There’s also the possibility that Povlsen might feel that Asos is better taken off the market and nursed back to health out of the public spotlight.”

SIH Partners had to reduce 0.40 % yesterday.

This is great news, can you post the text of the Times article ?

I think this is the start of something big.

I am convinced a huge announcement is coming next week.

I’ve got 188,000 shares here. Nice to see the Shore note but very strange the SP did nothing.

Well what a difference a day or two makes.

A lot of egg on faces over at Exane. How embarrassing. A 2 quid target! Idiots.

Nice to see Shore Capital telling its clients to buy. Nice upgrade from a solid company and many more will follow I think, pushing the SP up even more. Plus there will be HUGE coverage in the weekend papers and I bet any money the biz journos will be trying to get a scoop on what Polvsen and/or Ashley are really planning. Clearly something on the cards. They know they need to act quickly now as we already rocketed last 2 days.

Was beginning to wonder if we would EVER see a good news story day ever again here…

https://www.sharecast.com/news/news-and-announcements/asos-surges-as-largest-shareholder-anders-holch-povlsen-ups-stake--19180666.html

Absolutely.

All over the papers this morning

https://www.thisismoney.co.uk/money/article-14515935/topshop-truth-comeback-plans-shoppers-frenzy.html

There is no reaction to the purchase yet as it dropped after close.

It takes him to 29 per cent…

Mike might not be but what an RNS for asos at 430 today!!

It certainly makes you wonder why they did it at precisely 4.30

Odd.