RE: Mike Ashley17 Oct 2023 06:12
Back for another shift then….
I think the majority of us know what MA is up to, if you seriously think MA doesn’t have to give approval on buying stakes into other companies you’re deluded.
MA is the one pulling the strings here, you don’t build a multi billion fortune from scratch and then give up over night. MA is a beast and a power monger, he will be counter signing everything off when it hits a certain value.
Frasers are in the perfect position at the moment, they have happily sailed the last few turbulent years and are cash rich.
Hence any retail business the group spots value in they are loading up on. TBH I don’t think Frasers can lose on their recent stakes overall.
I think Boo is in a precarious position at the moment, poor performance over the last 2 years has caused a catastrophic decrease in SP. The recovery has supposedly started but as you say timelines are 2025, but the shorts and MA keep increasing!? Something is going on behind the scenes here and it’s a dilemma for all invested in Boo…..
I think the next 3 months will be interesting, it’s been a bit depressing lately. No sign of 18-22p yet and it looks like a visit back to the mid thirties is more possible.
If I had a crystal ball I would let you know where the SP is heading but as we all know this is not possible! This includes you PP.
Whatever you position GLA