Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Fairly big reduction in shorts yesterday, most notably Marshall Wace still reducing. This is a big recovery play but also still a big chance of a takeover....
I agree, without doubt a takeover target.
BREAKING NEWS
ASOS and Capital One UK to offer new and exclusive credit card to customers
LONDON, Feb. 28, 2023 /PRNewswire/ - ASOS, the global online fashion destination, and Capital One UK have today (Tuesday 28th February) announced a new and exclusive credit card partnership.
The partnership will result in the launch of a new ASOS credit card for eligible shoppers, available later this year. It will provide a range of features and benefits that only come with using a credit card, when they shop at ASOS and elsewhere, such as Section 75 protection on purchases over £100.
Capital One UK is a top credit card provider, with more than 20 years of lending experience, as well as industry-leading underwriting, technology, and digital capability.
John Birkbeck, Senior Director of Marketing and Partnerships at Capital One UK, said: "Capital One UK is excited to have agreed this partnership with ASOS to offer customers the opportunity to benefit from the convenience of using a credit card, while empowering them to be in control and to use credit responsibly.
Capital One UK's approach to credit is to give 100% certainty to customers before they apply on the key details that matter: whether they will be accepted or not and to guarantee up front the APR they will be offered is the APR they will get. This is in addition to the protections a credit card can provide in making purchases, and that responsible credit card use may positively contribute to building their credit rating."
Elle Kim, Director of Group Payments at ASOS, said: "We are pleased to partner with Capital One UK to offer eligible customers a new way of shopping with us. We look forward to sharing more details about our exciting partnership and this new product in the coming months."
The new ASOS card will be launching for customers later this year, and more information on the partnership will be shared as it becomes available.
Very quiet on this board on decent up days I notice.
All the inane chatter stops.
Goldman Sachs raises Asos price target to 1,050 (850) pence - 'neutral'
Not quite Bank of America’s recent £16.50 upgrade but still happy with that!
Nice to see Boohoo get the “Biggest Riser of the Week” mention, with the top spot - a 15.89 rise, with strong reaction to the growth plan cited as the reason
Some huge buys going through right now
Reuters wires
I work for a news agency
Yet another broker upgrade
This morning Exane BNP Paribas raises to outperform from neutral.
Exactly. They can’t be buying shares if they know something is on the table.
This is without doubt being taken private by Kamani
Sources told the mail he was hinting at it a while ago
Yet another broker rating, today Citigroup raises to a buy, target 960p from 600p
Follows on from RBC with a new buy rating at £10 target,
Bank of America buying in with £16.50 target, AND…
SocGen RAISES Asos price target to 1,180 pence - and places a 'buy' rating on the stock.
Similar piece in today’s Mail on Sunday by Hamish McRae. “The UK’s fightback begins here”
“At last, global investors are appreciating that there is a true value in UK companies with a global footprint and the relentless negative publicity has created a buying opportunity”
https://www.fool.co.uk/2023/02/03/is-the-asos-share-price-set-for-explosive-growth/
https://www.thisismoney.co.uk/money/markets/article-11697739/MARKET-REPORT-Asos-crowned-Januarys-best-stock-soars-72.html
And this was 2 days ago. It’s continued to rocket since!
Fabulous.
Could be another explanation- Ashley could be really upping his stake
Now in good profit with both boo and asos. But I’m still holding. Amazing when sentiment changes.
Short squeeze? Starting to feel like it could go GameStop style. What will GAM do with their short? That was a massive fail on their part
Those poor bods at GAM!
Look, when this stock falls it falls badly - was 34 quid in Jan 2020, a month later it was 18 quid, then doubled again then rocketed down.
We are now in a rocketing up phase.
Enjoy!
Yet asos rose yet another 9 per cent!
Sentiment reallly strong for asos at the mo