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Mortality while you clearly post with no actual knowledge of such, it isn’t something that would be a big surprise. Private equity love this sort of turnaround, company with low debt, great customer base, assets (they love warehouse space and distribution). One way or the other this will hit £10-£15 quicker than most expect.
Trading patterns here the last week or so in relation to the market and peers suggest there is something going on. Trading update or merger / buyout. Today in particular is intriguing to me after retails sales, the market slow start and the expected trading update in a little over 10 days. Something good is happening, I’m buying more, dyor! And good luck
Fund manager who I play golf with…
If 467p resistance level broken today I expect it will surge towards £5. Let’s see, got a big chunk of these with a sell order at £11 so starting to look interesting into the “shopping quarter”. Am sure all you investors out there know how much of retail gets done between October and January ( Black Friday, Christmas and Jan sales…) bring it on!!!!
Mike Ashley would have known about a bid well before the time and could explain why he bought the sector as he could never be accused of anything by buying a sector he has such interest in. Even if he didn’t know, he clearly knows the value. Best advise I can give is always follow the money, up or down!!
Shorting a company like ASOS with market cap and free cash flow as they are is a fools game at the top of the interest rate cycle. Sit, hold your shares and count your money in 6 months time
I have made more mistakes selling rising shares than any other type of mistake, sometimes losing out on 100% plus in days. This one is starting to become very interesting, maintains double the rise of Zalando and BOO suggests it is ASOS news to me
The ETF sec decision and a good friend of mine in the industry believes next wave about to begin… I’m buying Argo and Riot.
See what happened to the shorts from Ocado a month back, coming to them here at ASOS. Shorts are wrong a lot of the time, it’s a game, we are all in it. This one they will lose
Incidentally off topic, I’m getting quite excited about Bitcoin at the moment and looking to buy into the crypto minors…
If it were interest rates imho you would see the house builders up a lot. Believe it is more to do with retail and more specifically something ASOS related as it is up much more than others and hence dragging them up rather than all going up similar %
If it flies to £5 then my guess is there is aome kind of bid or a trading statement better than expected. Not bothered as not selling…
Shorts will have to start to worry now as day traders see this and then it goes double bad for shorts and so on… second guess all you want, starting to look like something significant here!!
The trading update and delay of license revenue is not material for how much this company will be worth. The joint venture IS. This is the best update on that for a long time and now very much imminent. Look at how many SOFC cells Weichei is likely to produce for China and Ceres have no IP risk as they are part of it. The numbers are likely going to be eye watering, like all things in China they don’t do small. China will want to become the leaders in this space and Weichei has all the government backing required to achieve this.
Make your own view up!
RFC + Ceres could prove that 2+2 is far greater than 4 as it will provide complete solution. I am very positive about it. Many of these things are slow for revenue but there is no fast tracking catching up. All the testing, certification, patents, partners about to launch full scale manufacturing all take many years and that is after you invent and IP protect stuff. Ceres is a diamond in the rough, and the grass is about to be cut so more people will see the shine… (best I could come up with before beer). So anyone with some patience will do extremely well I believe.
The corner stone of Ceres is 25 years of amazing innovation and patents that is award winning and why Bosch and Weichei think it worth betting some of their future on. If you read and understand why they win this award you will see just how significant it is, not today but over time. Partners and customers reviewing Ceres Tech will see it as another reason to shorten due diligence into choosing Ceres. (there are lots like EU certification, China rubber stamping ceremony and German government recently). Good luck deciding what to do, I’m expecting some contracts to be signed in next 2 months, clearly overdue as widely known.
Well if nothing else I will admit when I get things wrong. I still like Ocado but I really don’t like the markets after the FED positioning and reports saying UK rates will go anywhere from 5.75 to 7.00 as the likely range. Stocks with debt, unfortunately Ocado bring one of them will not like it. I am going to lower my position and sit on the sidelines with a short position in UK, German and US markets.
I feel the problem for the market is worse than the last few wobbles over last years as there is one thing very different. Holding cash now is no longer a problem, mg cash is now sitting in a 6% account, not losing money at close to zero. In some ways I hope I’m wrong here, and would prefer to buy stocks, but I am going to stay here for quite a while through the summer and into autumn and see what happens. The appeal of sitting it out and earning 6% will win over more than a few large investors, but good luck all!
You do speak a load of cods LSE. This is likely a low volume tree shake with the rest of the week assuming the uptrend. Who knows!
Truly expect a bid in next few weeks, the trading is way too strong given the weak market for there to be nothing here. Insiders or associates that you would drop little hints to are what cause this to happen. Seen it too many times. If it went below £5 after last two weeks of fuss I would have thought the total opposite for the same reasons. This is in play!! Good luck folks
Boyo. I just have been looking at 12 months, apologies. However I see this a minimum of £15 if taken out based on tech valuation that the interested parties would apply. Can’t see any major shareholders accepting less given what we saw with dotcom leaders and now you have leader in IT for retail and AI / automation, kit skmething that goes on the cheap. I’m confortable waiting for more of a revenue proof point and more large contracts signed, so let’s see 🙂