Very painful... Just to do what they said they were going to do from the last fundraise.. i.e. complete kal PFS and submit environment application. Everything pushed forward and more money is needed doubling shares in issue.. it's very poor really.
Ouch.. wtf. I can only presume our assets aren't as good as we think.. otherwise the discount wouldn't be so huge surely..from 20p to 11p. I'm sure we dilute more than other minnow AIM companies.
The group, led by Chief Executive Officer Michael Murray, said the latest trades form part of a longer-term strategic investment. "The company remains a long-term investor in Hugo Boss and the board of directors of Frasers Group believes that the HB strategic investment will create value for the company's shareholders, as its strategic investments in Hugo Boss have done in the past." Frasers said.
I mean he could be right but I'm trying to think logically.. however I know these things aren't logical.. whatever it is seems fully baked into the SP though.
That can't be right surely? The UK (ASOS) will pay the tariffs to import the product from wherever it comes from so they pick up that cost then they pay the separate tariff from the UK to USA otherwise you'd be charged twice from the same original country...
Especially now the US Atlanta warehouse is closing, they are importing from the UK in smaller batches, quicker turnover of stock.. may be more of a blessing closing that US site..
ASOS imports to the UK from these places then exports from the UK not imports to the USA so the only real hit is exporting to the USA which won't be massive.. US isn't exactly a big market for ASOS.