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Told you my head was muddled 🤣
heres the article i was referring to about keeping his holding at a certain size too
https://www.theindustry.fashion/bestseller-reduces-its-stake-in-asos/
My heads muddled after a 12hr shift. I was looking at camelots holding not polvsen, my mistake, couldnt actually find any increases for him recently though?
and it was Aktieselskabet who said they wanted to maintain 25% holding too not polvsen.
dear god and this is without alcohol 😂 my mistake.
He added less than 1%….and theres an old article explaining why, he wants to keep his holding at a certain level, which had dipped below. only positive there is that he isnt selling, but i wouldnt read across that hes bought under insider info
Oh no, if motleyfool says its a buy we should all probably sell up before the sp collapses, i swear they seem to be the touch of death on share prices 🤣.
re: the original article - i just cant see MA wanting a Fras/Asos/Boo super company. Asos used to sell BooHoo and pulled them off when they were accused of slave labour and malpractices surrounding thier workers. While they did clear or at least attempt to clear thier names, mud sticks, if they started selling Boo again when the slave labour name is still in every news article talking about the shares, how would that look to Asos’s customers? It wouldnt sit right with me anyways. I was a long supporter of them but Boo certainly have some shady behind the scenes going on, its never black and white with them imo. Asos definately has a clearer picture, both in terms of where the company is heading and exactly what they are doing to achieve it (i’ll excuse the fund raise, for now).
I can’t make my mind up what game MA is playing here, I dont feel he wants to make a bid for it though. Id welcome an offer though, at least to get the sp moving 😉 gla
Im usually wrong 9/10 times to be fair, usually costs me a lot of money buying/selling at the wrong time. im still very much invested here though so i hope im wrong to sell even if i do take a small loss selling some early.
Interesting to see what happens when US opens, typically been higher when it does.
ive sold a little bit of my holding, the cynic in me fully expects this to be back at 400p by next week. hope im wrong though. exciting either way. gla
Bumbum we’ve had constant rumours for about 2 months, the sp has done nothing. we even had confirmation of a £10 approach and we are still valued less than half of that.
Thats because this board is full of individual private investors, we have limited funds and arent privvy to a lot of information. when it drops, our savings drop, our retirement drops, our kids inheritance drops.
when it goes up however, the massive institutions that are the shorters, can simply rebalance, put a few phone calls in to thier mates, and come out squeaky clean. its not even thier money half the time lol. difference of perspective, but i wouldnt gauge how a shorter feels today based on how this board feels on a down day lol
Yeah, i dont think the shorts will be worried at all. its nice to see a sharp shot up but its not that unusual. 5-10% days up or down arent that uncommon. Asos has been a volatile share for a while. wouldnt surprise me if we close around even for the day
Ok but touching it for 2 days in 2 months, with an ever increasing short position and a pivotal update looming, i’d class as “no chance” matter of opinion I guess but it wasnt looking likely
There was no chance, been saying for weeks, we would have needed to be at 430p+ to even be in the running, was never gonna happen on this reshuffle. maybe next year, depending on outlook and financials
I reckon we hit 410p then finish flat for today
Yeah but 5 of them are at or just slightly over the reporting threshold, discounting them and it basically halves the short position. im not concerned about that number being high, its basically a punt on bad results imo
Based on http://www.stockchallenge.co.uk/ftse.php
if JUP is the benchmark, we’d only need to hit 433p but i think the deadlines passed. as i said earlier, i think asos will get promoted again just not for a while, maybe mid-late next year
Nah, there was like 30 other companies ahead of asos, there was a rough estimate table posted a few days ago on here. I do think it will get back in but not for a while yet
Asos currently top riser in retail stocks this morning, odd since its also the most shorted on the entire exchange….little bit of good news and the shares get bought, either the shorts know something we dont or theyre playing an incredibly stupid position. imagine the rise on the back of a good trading update
All eyes on results then, I do have faith the new ceo is making positive changes but theres nothing more depressing than seeing a company you believe will do well sink like a stone on even positive results. would be a shame if the shorters brought it down, and then we got good results and ended back at 430p - which wouldnt feel like a win at all since we were there recently. good results then a sniff of a bid might change the direction of this
Ugh, shorts increased again, declared at 5%, top most shorted company again 🙄 sign of bad news?
Theres definately been some correlation with the us markets opening lately, always seem to uptick when they open. been a good one if youre a trader today, 6% down then 7% up currently, someones making money somewhere
Clung, hey everyones entitled to an opinion, im just wondering why you think this, where youve seen it before etc. if its just a guess thats cool, just like to hear both sides but with context, not just a pie in the sky guess. if you have explanations id like to hear them, if its just a guess thats cool too, only asking 😉