Member Info for Paulleydee

Ah Simon! We didn’t expect to hear a peep out of you today…

Yes slightly revised to a tenner, but great news that such a top institution believes this has 50 per cent upside dontcha think?

JP Morgan has this morning stated a £10 price target for asos!

As I said earlier, I can see £10 very quickly here

Tesco issue a good update - the share price down.
Halfords down 20 per cent this morning

Asos booming - so I think something bigger at play here. Shorters know they need to get out quick.

Ashley buying more?

Or could the company be implementing that buy back already this morning?

At the press call many reporters all saying about a potential takeover bid and the chief exec just saying we are braced for that.

I think they know it’s coming

Lovely short squeeze happening right now

Get in quick !

Well it’s all extremely positive from asos this morning

Anyone wanting to make a move (Mike Ashley) needs to be quick.

Perhaps something happening even this morning?
Huge buys going through right now.
Already up 7 per cent

Ashley already bought 5 per cent. Could he be trying to get an even bigger holding of 9 or 10 per cent to move his biggest move ever?!

Extremely positive from asos this morning

Anyone wanting to make a move (Mike Ashley) needs to be quick.

Perhaps something happening even this morning?
Huge buys going through right now.
Already up 7 per cent

Ashley already bought 5 per cent. Could he be trying to get an even bigger holding of 9 or 10 per cent to move his biggest move ever?!

Very positive
Boats more than optimistic of a strong return after recent times. I can see this reaching a tenner in no time at all.

This writer seems as certain as me there will be a bid. I think that’s a good thing, will get this stock back up to more realistic price levels and send the Shorters packing!

https://www.fool.co.uk/2023/01/10/should-i-buy-asos-shares-in-2023/

Positive signs for boohoo ahead of trading update…

https://www.trustnet.com/news/13353788/positive-sign-for-uk-companies-as-firms-lower-shorts-positions

Analyst comment..

https://www.trustnet.com/news/13353788/positive-sign-for-uk-companies-as-firms-lower-shorts-positions

Dogger’s post aged well. Ha!

That’s because many feel Asos a prime takeover target.

I agree - absolutely ludicrous priced, which is why reporters asked the chief exec at the last press call if he was braces for a takeover bid(s)…

With stocks like THG and Boo still down today but Asos flying makes me wonder if a certain Mr Ashley is topping up (again).. hmmmm the plot thickens..

Don’t be so tetchy, I said the article was “3 to watch at Christmas” and posted the asos section from it.

Good grief!

HL just sent a note to all subscribers - “3 to watch at Christmas”
Top of the list ASOS

“Their problems aren't going to be solved by a strong Christmas performance, but it would certainly soften the blow.
The group sells products all along the price scale, meaning it's set up well to offer something for everyone. At a time where consumers are becoming increasingly cost conscious, this should be an advantage relative to other fashion retailers, who typically only target one price-point.
There's also the group's Premier programme, which offers free delivery for a year. This service grew its customer base by an impressive 12% last year. Given that the average Premier customer ordered 3.5 times as often as a regular customer, this programme will be a key driver of both customer loyalty and profitability moving forward.
The group's balance sheet is looking in better shape thanks to freshly negotiated terms on credit facilities. That at least offers some breathing room while ASOS tries to get cashflow back into positive territory, something management expect to deliver next year. Though we remain cautious.
One thing's for sure, if ASOS is going to turn its fortunes around then a strong Christmas period would be the perfect present.”

Very good news

They were even asked by reporters on the last press call after market update and the head honcho admitted that they are indeed ready to address any takeover bid.
Trouble is with price so low I’m afraid it could be out of their hands.
I remember owning a load of Thus shares back in 2008. I woke up one morning to find my investment had risen 30k as cable & wireless suddenly announced they had done a deal to acquire 29 percent, and that morning they tabled a price to all shareholders, about 170 I believe (I had bought at a quid), and there we go.
It all happens VERY quickly at these levels!

It’s usually 40 per cent premium to current price

Kamani will now be trying to sort what the Mail sources alludes to because the alternative, a hostile bid, well that involves going directly to shareholders with the bid. Hostile bidders issue a tender offer, giving shareholders the opportunity to sell their stock to the acquirer at a substantial premium

Lots of talk all year about Kamani setting up a deal to take it private. These things take time.
I work in the media and I can tell you the chatter in the last few days is in overdrive.
First cited here -

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