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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!
ASOS down by the same amount today.
The rumour is that City Boohoo's chairman is eyeing a deal to take the firm private by building the family stake to a high high level THEN going to private equity to complete the move. I think that easily doable
Yes I’m starting to think Mahmud really did tell ‘sources’ he’s sick of shortens wrecking his company value and was mulling over last year “taking it private” - see below.
So maybe the whole family is buying….
https://www.thisismoney.co.uk/money/share-investing/article-10555387/STOCKS-WATCH-Share-plunge-sparks-talk-Boohoo-private.html
Shrinking by the week and I bet Umar is buying more. Without doubt.
Boom! Short squeeze coming…
https://twitter.com/umarkamani/status/1688600241530925068?s=46&t=LZYHtt9O9lO7RV6oJu-Vkg
Mike buying more boohoo again.
Wonder if he’s been topping up here too..
Whoaahhh something happening at ASOS… looks like a THG style movement prior to their huge take off in SP recently.