RE: CARD16 Dec 2024 20:36
MA can't really lose now imo
He has a shed load of stock with an average around 30p.
If he offered say 50-60p range, even if initial offer rejected, the SP would gap up to just below the offer price and on paper the stock he had accumulated will have made him a nice gain
Never seen such a sustained FUD attack as I've witnessed on that stock over the past 3-4 years.
Quite alot of it has been justified
It was either going to go bust or snap back at some stage
Chart had basically flatlined for the past 2 years
Either a break to the upside or a break to the downside was going to happen.
Once they re-capitalised the business, combined with MA chucking in large alongside MK in the recent placing (at a premium).
I felt it looked prime to start to rise.
Looks like they have got the debt under control and the sale of their London premises should massively reduce this further
Still some declared short positions, so imv if it breaks above 40p, the squeeze could be on
If it rejects at 40p, everyone will be watching for MA'S next move.
P.s.
The unknown is whether Trump will impose huge import tariffs on Chinese goods.
If does levy these super sized trade tariffs then the market leader shein would come under severe pressure
All of a sudden, if.BOO's major competition in the youth brands space took a kicking, they should benefit
Alongside the 'youth brands'
The other side of the business (debenhams) is performing well and a lot of the chat on the BB is around the narrative that Ashley only wants BOO so he can get hold of Debenhams brand and once he has control, he wil break up BOO and split out all it's component brands such as:
Debenhams
BURTONS
WAREYOUSE
COAST
PRETTY LITTLE THING
NASTY GAL
DOROTHY PERKINS
OASIS
KAREN MILLEN
WALLIS
Maybe he will.
Won't bother me either way if he gets the SP up abit further, as I'm only in for a potential 'takeover trade'