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Daily Mail, behind a paywall but I’ve pasted the section on ASOS below.

https://www.dailymail.co.uk/money/mailplus/article-13390791/cash-stock-market-feeding-frenzy-ten-companies-ripe-takeover-bid-investing-yield-returns.html

It is 2nd in their list of top ten likely to be facing bids.

ASOS. Current value £426m

Popular among Gen Z and millenials, ASOS has fallen on tough times. With shares down 95 per cent off their peak, Garry White, chief investment advisor at Charles Stanley states “ASOS is now vulnerable to a bid’

Lots of positivity from brokers

Jeffries reiterating a BUY and target price of 70p

And now comes Peel Hunt, who issued a buy and target price of 75p together with a note this lunchtime:

“Trading conditions remain challenging, but there is improved momentum in the core brands, and the Debenhams platform is gathering pace,” said Peel Hunt. “Guidance points to revenue and profit growth, with a return to cash generation.”

The broker made no changes to its sales growth expectations, but did reduce the full-year 2026 EBITDA margin by 100bps to 5.8%.

Peel Hunt expects Boohoo to be free cash flow positive at the end of the latest financial year.

“With the drivers for improved spending power and better trading momentum into autumn taking shape, we look for boohoo to deliver steady progress in margin recovery and cash generation.

“However, we believe the share price will likely require evidence of positive sales growth to lift investor confidence.”

The stock is a buy with a target price of 75p against a 35p publication price.

Jefferies cuts boohoo price target to 70 (75) pence - 'buy'

Boohoo on track to deliver annualised cost savings of 125 million pounds in 2024/25 and it also forecast positive free cash flow in the year.

It’s turned a corner. Path to recovery.

CEO John Lyttle said he had "strong confidence in our medium-term outlook".

Last month, ASOS reported a first-half loss but said it expected to report positive core earnings for its full 2023/24 year. On Tuesday Zalando said it had returned to growth in its first quarter.

Things are on the up.

I agree. Re boohoo, it’s on track to deliver annualised cost savings of 125 million pounds in 2024/25 and it also forecast positive free cash flow in the year.

CEO John Lyttle said he had "strong confidence in our medium-term outlook".

Last month, ASOS reported a first-half loss but said it expected to report positive core earnings for its full 2023/24 year. On Tuesday online fashion Zalando said it had returned to growth in its first quarter.

Things are looking up.

Hence no crash in SP today.

This will gradually rise now week to week.

In line with guidance (Reuters)…

Turned a corner, etc

https://www.thearmchairtrader.com/three-quick-facts/boohoo-osb-wetherspoon/

Are you surprised there has been a leak? I’m not.

These results tomorrow were always going to be good. The Kamani son wouldn’t have bought THREE PER CENT of the whole company recently if they were going to be bad.

No brainer.

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?