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Something not quite right with this tie up Mike Ashley has with shein. Doesn't add up with his buying a lot of boo and asos at the same time as getting into bed with shein.
Shein may of course be wanting to buy up the competition at a massive discount using MA as the vehicle. Very odd stuff. I'm sure the next few months will be revealing. Mid flight was how the buying of boo and asos shares was described. Mid story too it seems. Either way, short term the share price will rise imo, but not sure I want boo to be taken out at a huge discount.
All the back and forth between a handful of posters does make you wonder about carefully celebrated fud. For all we know they may well belong to the same gang.
This board became tedious so a return to normal share chat will be welcomed by most of us ordinary people. Atb and imo etc.
This will force MAs hand I suspect. Bidding war will be excellent.
Just the sale if confirmed will underpin the security of the business and do wonders for the share price. Next few weeks will be good for shareholders. Imo
Shell is due to axe 200 green jobs as part of the company’s drive to boost profits, which includes plans to scale back its hydrogen division.
Details of the redundancies emerged on Wednesday, as chief executive Wael Sawan pursues his goal of cutting up to $3bn (£2.5bn) of costs across the business by the end of 2025.
Most of the 200 jobs will be made in Shell’s hydrogen arm, while up to 130 other positions are also at risk across the broader low-carbon division.
What is he up to? This ain't a punt. Carol isn't a part of the family and everyone has a price. This is getting very intriguing.
I presume shorts will be getting a bit nervous as they will not wish to be at the mercy of uncle M. Imo
Please can this back and forth rubbish stop. Non of us other posters are really interested in this boring battle.
I am invested to the tune of about 15% of my portfolio in BOO. More than i normally like in an AIM share, but have increased on the basis that debt levels are low/manageable and those in the know (MA, Kamani family etc) have increased holding. I am a PI and not a businessman so cannot give any meaningful insights as to where this industry is going but feel reasonable secure based on the fact those in the know are increasing.
Despite an average of less than 40 now, i am underwater by about 25% which is uncomfortable.
I am an ordinary PI investing my hard earned money and my appeal those who are mocking holders is, please give it a rest and have some dignity. Cheers.
I agree MA isn't likely to buy BOO, bit he does have a big percentage of shares. He is not daft and invested for a reason. My average is at 39 after my buys this week pre results. In hindsight I should have bought after, but these are the decisions we live by.
Am I panicking? Not a chance. I will keep adding at these levels as and when I can within my investment strategy. I'm happy to hold for another two years and am pretty confident I'll do just fine from this share.
If its good enough for MA, it is for me.
In the context, it's an OK set of results. Hopefully we've got to the point t where efficiency improvements and capital invested should start to pay dividends. 2024 is when we will see better growth. Atb