The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
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
Ridiculously volatile
ASOS trading update is 11 Jan.
Shorts down yet again - ennismore yesterday
Shorts also reducing over at asos.
And shorts reducing over at boohoo too
Shorts continue to close. The turn of Qube yesterday.
Featured in tomorrow’s paper…
https://www.thisismoney.co.uk/money/markets/article-12824559/Mike-Ashleys-Frasers-Group-buys-tranche-business-Boohoo.html