George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I think this is good news too - get a professional in to look at the business, structure etc - as Netzero says, Major Plc’s do this and for a long time I’ve thought we pack heavyweights on the board, heavyweights with great commercial and corporate experience. If ASOS do this, let’s be ready for the outcome too as that could be merger / acquisition / sale etc but I’m hopeful this is the start of a sensible turnaround plan…. Just always disappointing that we hear this from media and not from ASOS themselves yet again……
I don’t think the closure of the DC is anything but good news. New CFO focused on costs (payment terms recently changed too) and makes sense to consolidate into more efficient DC’s as part of the operation moves to US early next year
Adel - they are not selling anything significant - single digit %ages. If there was something going on don’t you think they and others would sell more ?? I think you know the answer. Cybersecurity is massive and will continue to be - just a matter of time here imo - and if you have time then nothing to worry about if buying at these prices - again imo
Surely if the Directors who have sold single digit %ages recently, knew bad news was coming then they would have sold a lot more and continued to sell - look at previous ASOS CEO - sold the lot at c £50 - when directors sell a large % then that is the time to worry - not now imo.
Does this sh@t continuously follow Boo….. No smoke and all that as too many coincidences now surely - gutted tho as I bought a load last week at 44 to try to reduce my average which is significantly higher. This surely has to turn some good luck at some point….