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Massive hike in shorts on Friday. Wow.

Very risky in my opinion

Russ Mould, investment director at AJ Bell, told City A.M: “Analysts expect ASOS to have closed its financial year at the end of August with net debt of £238m and anything lower than that should be seen as good news, as less debt means less risk and less risk can mean a higher share price.”

Very predictable this share.

The article in the Financial Times is very interesting this weekend.

Hints at an ASOS / Boohoo merger, a ‘tie-up’ before describing it as a ‘defensive merger’

Before concluding re Ashley…. “Opportunistic dealing by one of its shrewdest participants is a good reason to think a second wind is not that far away.”

https://www.ft.com/content/6763ba0a-a9eb-4dfb-aaaf-0d112e350e09

An interesting week ahead!

100 per cent. Retail all down today, really negative press. But ASOS rocketing. Maybe the Turks are back !

They will have been putting accounts together from today, last day of their financial year. Safe to say it seems there’s been a leak. Ashley knows he’s getting a great company on the cheap if he has his way. Same as Boohoo

Opportunities to buy a huge company like ASOS don’t come around much so it’s not just Ashley wanting it… Mark my words there will be quite a battle to get this and it’s only good news for us…

Yep brought my average right down now

A shame it’s bank holiday on Monday

https://www.retailgazette.co.uk/blog/2023/08/frasers-asos-stake/

410 finish predicted here

All sorts in weekend papers then who knows next week….

Bid incoming.

Could Frasers be in cahoots with Camelot? Interesting times, whatever’s going on I’m convinced it’s bid incoming…

They already turned down £10 a share recently from the Turks

Without doubt a bid incoming. 100 per cent convinced. Seen it before.

Classic strategy.

Fashion and lifestyle retailer URBN, which owns brands including Urban Outfitters, Anthropologie and Free People, has posted a surge in sales during its second quarter as well as the first half of the financial year.

URBN posted total net sales of $1.27bn (£1bn) for the three months to July 31, 2023, up 7.5% from the same period last year.

https://www.retail-week.com/fashion/urban-outfitters-owner-posts-surge-in-sales/7044414.article

What date is next month’s update? I think it’s going to be very positive. Boohoo too.

Online clothes retailer Boohoo drops today, presumably like ASOS caught up in the general media story that clothing was one of the hardest hit sales categories due to the wet weather. Yet the online shopping space saw its largest share of overall sales since February 2022, with 27% of sales in the UK taking place online last month. So I think today’s fall is misjudged. Just because ‘clothing’ was hit overall in the wide category of ‘retail sales’ doesn’t mean Boohoo or ASOS has been affected negatively. I’m willing to bet that sales at Boohoo are actually UP as a result of the wet weather. All those trendy kids sat at home because of the rain. Watching Netflix and buying on boohoo.

And that is why I think Umar just bought 3 per cent of the company.

Online clothes retailer Asos falls 3.5%, presumably caught up in the general story that clothing was one of the hardest hit sales categories due to the wet weather. Yet online shopping space saw its largest share of overall sales since February 2022, with 27% of sales in the UK taking place online last month. So I think today’s fall is misjudged. Just because ‘clothing’ was hit overall in the wide category of ‘retail sales’ doesn’t mean ASOS has been affected negatively. I’m willing to bet that sales at ASOS are actually UP as a result of the wet weather.

Well what price did Umar buy his 3 per cent?

If the family are thinking of taking it private now is the time to strike a deal with private equity!

Https://www.ecotextile.com/2023081731070/fashion-retail-news/uk-online-fashion-sales-hit-new-record.html

Https://www.ecotextile.com/2023081731070/fashion-retail-news/uk-online-fashion-sales-hit-new-record.html