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We know once this share gets going it gets going. It can go from £1.40 to £2.40 in a matter of weeks, we’ve seen that time and time again in the past.
I’m holding, happy to hold for at least 5+ years.
I’ll consider taking some profit around £2+
I’m afraid I won’t be selling until at very minimum £2.40
On another note, huge amount of trades today, MMs scooping up the volumes.
Vol. Sold 5,865,872
Sold Value £8.51m
Vol. Bought 15,653,001
Bought Value £22.65m
Success for ASOS in 2024 is likely to be measured by its performance on stock clearance, cash generation and the speed of the autumn and winter supply chain. However, Peel Hunt also points out that a sale of Topshop would be transformational to the balance sheet.
It has a “Hold” recommendation on ASOS, whereas it sees the potential for Boohoo shares to double to 75p as strategic milestones are ticked off such as a new US warehouse and improvement in gross margin. It also flags the importance of the Debenhams platform, which has been building momentum over the past 18 months.
Success for ASOS in 2024 is likely to be measured by its performance on stock clearance, cash generation and the speed of the autumn and winter supply chain. However, Peel Hunt also points out that a sale of Topshop would be transformational to the balance sheet.
It has a “Hold” recommendation on ASOS, whereas it sees the potential for Boohoo shares to double to 75p as strategic milestones are ticked off such as a new US warehouse and improvement in gross margin. It also flags the importance of the Debenhams platform, which has been building momentum over the past 18 months.
Open Short Positions in ASOS
Fund % Short Change Date Changed
Qube Research & Technologies Limited 1.20% 0.10% 11 Jan 2024
Squarepoint Ops Llc 0.92% 0.12% 11 Jan 2024
Glg Partners Lp 0.91% 0.18% 8 Jan 2024
Arrowstreet Capital, Limited Partnership 1.09% -0.10% 27 Dec 2023
Total 4.12%
The 3% creep rule…. Is this why Fraser hasn’t taken up more shares?…. Because of this rule…. The takeover provisions allow a shareholder with at least a 19 per cent stake in a company to acquire an additional three per cent in each six-month period, commonly known as a 'creeping' acquisition.
Just found this online and thought it was quite interesting…. Published November 2023
Seven investors own 77% of ASOS (LSE:ASC) shares. Of these, all but one has bought more stock in 2023.
The most active has been Frasers Group, which now owns 19.5% of the company. But the biggest shareholder remains Aktieselskabet, a Danish company led by fashion retail billionaire Anders Holch Povlsen.
Povlsen owns Bestseller which, a bit like Frasers, comprises a collection of fashion brands, the most famous of which is probably Jack & Jones.
Shareholder
No. of shares
Ownership %
Date of last trade
Aktieselskabet
32,309,749
27.1
29.8.23
Frasers Group
23,280,668
19.5
1.11.23
Camelot Capital Partners
16,722,381
14.0
24.8.23
T Rowe Price International
5,984,631
5.0
20.1.23
Citadel GP
5,397,926
4.5
31.5.23
Schroders
4,211,570
3.5
None since 28.10.22
Goldman Sachs
4,140,135
3.5
3.11.23
Others
27,189,790
22.9
–
A bit of a mystery
I don’t know the intentions of these investors.
There’s been plenty of speculation that Frasers wants to buy the group. The market cap of ASOS is currently around £450m. If Mike Ashley’s company was to buy the remaining 80.5%, it’s going to cost at least £360m plus a healthy additional premium on top.