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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

Yep, this happened previously too. Something positive happens. IMMEDIATELY followed the next morning with a broker downgrade.

So subtle! Not manipulated at all!

Just a few months ago in the article below there were hints at why William Barker was getting on board.

“Barker is yet to show his hand, but his appointment to the Asos board only last week must rule him out of any hostile action, unless he’s about to pull off the most spectacular of coups.”

https://www.telegraph.co.uk/business/2023/09/27/billionaires-circling-asos-britains-fallen-fashion-star/

This could all be about to get VERY interesting….

Another Frasers RNS over at ASOS…

“Said this before - the Kamanis will have shares via other avenues.... Family... Friends.... Etc.... Etc..”

Completely agree.

The son has recently bought 3 per cent of the company.

I agree, Mahmud will be extremely frustrated - a huge knock to his ego and his net worth.

He had already told sources he is mulling over ‘taking it private’

His son has just bought 3 per cent.

I honestly think he’s planning a very big surprise, probably working with Ashley and private equity.

That’s why he’s got the new guy in place who handled zoopla going private.

I agree. A dangerous game being short on this right now. Imagine a superdry scenario - the price doubling in a day.

GSA Capital went up to 0.78 per cent short on Superdry before Christmas.

Ouch!

I think Frasers and Kamani will work together.

Don’t forget he’s been mulling it over for a while (and his son recently bought 3 per cent)…

https://www.thisismoney.co.uk/money/share-investing/article-10555387/STOCKS-WATCH-Share-plunge-sparks-talk-Boohoo-private.html

Last paragraph

Meanwhile, Shein and Frasers Group, Boohoo’s largest shareholder, are said to be watching and waiting. Shein rumblings has it interested in its British rival as a possible acquisition. The Mike Ashley-controlled Frasers’ ongoing share purchases of Boohoo and Asos has spurred speculation that he could be looking to merge the two and then sell to Shein, or takeover Boohoo and then ink a collaboration of some kind with the China behemoth.

I still think the Kamani family will take it private, akin to what Dunkerton is planning with Superdry

I disagree. Like Zoopla I think the price rises from here on the rumour of ‘obvious going’s on’ then if it reaches 45-50p I think the offer will be around 80-100p.

And that bags Ashley and the son who just bought 3 per cent a LOT of profit.

I think they’ve got American private equity lined up.

Something happening

The son very recently buying 3 per cent just before today’s announcement, the other family business buying up property in New York, even a store there I think…

US operations already in place…

Morana was involved doing the US private equity deal for zoopla… and boasts about it in his biog.

Stephen Morana was the guy who went to Zoopla to smoothly see it taken private.

Many shareholders cheered as the price rise nearly 50 per cent on the news. (It had already risen on the rumour)

And don’t forget Kamani had already told “insiders” he’s fed up with the battered SP and is thinking of “taking it private”

https://www.thisismoney.co.uk/money/share-investing/article-10555387/STOCKS-WATCH-Share-plunge-sparks-talk-Boohoo-private.html

https://km-capital.co.uk/our-team/stephen-morana/

I’m 100 per cent convinced that’s what’s happening here. It’s a US deal.

Usually happens in next half an hour.. …

Interesting shoot up there