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Inflation eased to 10.5pc in December but remains at a 40-year high and far above the Bank of England's target of 2pc.
A decline in petrol prices at the pump and the falling cost of clothing were the main reasons behind the slowdown in price rises.
Inflation eased to 10.5pc in December but remains at a 40-year high and far above the Bank of England's target of 2pc.
A decline in petrol prices at the pump and the falling cost of clothing were the main reasons behind the slowdown in price rises.
From todays Daily Mail:
Asos continues its turnaround.
Asos continues its turnaround. The fashion retailer is back in the city’s good books after last week’s trading update buoyed investors.
And now news that mini skirt sales have risen by more than a third in the past few months have also set pulses racing.
And Asos swings back up too!
Here we go!
Here we go - looking like it’s going for that order!
Makes a change for big players to raise targets on asos!
That upbeat update really helped
First J P Morgan states £10 on this on the morning of the update
Then Shore put a higher figure I think
Now today Jeffries RAISES its target
Yep on the press call reporters asking the board about the notion of a takeover bid seemingly on its way and all they could do was say they were braced for a bid. It’s coming, I’m sure of it
Looks like the 47p order could be filled today.
Then it’s 50p and beyond
Proactive quoting Shore Capital saying they believe Boohoo’s update on Thursday will be far better than most feared.
I guess they weren’t as exposed to the Royal Mail saga as asos… plus boohoo more of a discount fashion seller than asos and shore say it’s the discount end of retail doing far better than other predicted.
“The broker believes Black Friday was particularly strong for the AIM-quoted retailer, which rewarded loyal customers with further discounts before the last Friday of November and maximised profits with the casual customer thereafter.”
No wonder shorts are closing
Boo will be an even better than Asos I’m sure if it
I see Proactive quoting Shore Capital saying they believe Boohoo’s update on Thursday will be far better than most feared.
Boo weren’t as exposed to the Royal Mail saga as asos… plus boohoo more of a discount fashion seller than asos and shore say it’s the discount end of retail doing far better than other predicted.
“The broker believes Black Friday was particularly strong for the AIM-quoted retailer, which rewarded loyal customers with further discounts before the last Friday of November and maximised profits with the casual customer thereafter.”
No wonder shorts are closing…
That GAM international short position opened a couple of months ago was crazy. What were they thinking?!
Yep. Asos really storming it now.
Just checked my trading history and for months and months we’ve been between 480 and about 6 quid.
In the last week asos has taken off, quite rightly.
The board clearly know what they are doing coupled with the view it’s a prime takeover target, and with that upbeat update this will go to at least a tenner very quickly.
JP Morgan put a £10 target on it the morning of the update which has helped but I think Shore put an even higher figure?
Isn’t it funny how once the shorters retreat and things turn positive in the press for boohoo, this board becomes a completely different place and all the odd bods disappear
I agree boohoo will rise. In fact I think it’ll take off on thurs.
I see Proactive quoting Shore Capital saying they believe Boohoo’s update on Thursday will be far better than most feared.
I guess they weren’t as exposed to the Royal Mail saga as asos… plus boohoo more of a discount fashion seller than asos and shore say it’s the discount end of retail doing far better than other predicted.
“The broker believes Black Friday was particularly strong for the AIM-quoted retailer, which rewarded loyal customers with further discounts before the last Friday of November and maximised profits with the casual customer thereafter.”
No wonder shorts are closing.
If asos boomed 20 per cent on their update, imagine boohoo!!
I see Proactive quoting Shore Capital saying they believe Boohoo’s update on Thursday will be far better than most feared.
I guess they weren’t as exposed to the Royal Mail saga as asos… plus boohoo more of a discount fashion seller than asos and shore say it’s the discount end of retail doing far better than other predicted.
“The broker believes Black Friday was particularly strong for the AIM-quoted retailer, which rewarded loyal customers with further discounts before the last Friday of November and maximised profits with the casual customer thereafter.”
No wonder shorts are closing.
If asos boomed 20 per cent on their update, imagine boohoo!!
Whoaaah! What just happened ?!! Short closing? RevB leak?
On the back of yesterdays very positive update, JP Morgan immediately issued a target of £10 for ASOS
Now, this morning -
SocGen RAISES Asos price target to 1,180 pence - and places a 'buy' rating on the stock.
This is still exceedingly cheap and I think many now realise a takeover bid could come quickly at this price.
At the 0830 press call, many business reporters asking about the possibility of a takeover bid and all the board could say was they would be ‘braced’ for any bid!
Asos marks biggest gain since April 2020
ASOS surged 20.9% today after the online fashion retailer said it was making good progress with plans to improve profitability.
JP Morgan states a target of £10 for the stock.
Rival boohoo also rises more than 10 per cent on an upbeat update from ASOS.
I think a few thought there would be a fall back during the afternoon but there we are, despite what I imagine would be a fair amount of new investors profit taking, it still rocketed up.
A very very good sign.
A lot of talk on the press call from reporters about a potential bid coming in, and all the company chiefs could say were they were braced for it!
Even at 7 quid some big player could bag asos for a bargain. And now that we know all is on track for a very strong recovery here with an exceedingly confident update then I think the bid could come very quickly.
So the J P Morgan target of £10 could in fact be blown out of the water completely. Perhaps those investing at £20+ a year ago may even get their money back!