Member Info for TomBeef

Wow! They’ve hired VaynerMedia, owned by Gary V, social media and business legend.

I’m impressed.

£7 close, for sure… at some point this year.

Matalan cuts prices of hundreds of items as costs come down

THEINDUSTRY.FASHION

08 JANUARY 2024

Oh thanks West! Just reading up on the takeover code for the UK now, that’s great… was curious ;)

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.

I quote my earlier comment… that was QUICK!

Get ready for the big and quick spite to 400p!

It’ll happen in a blink of an eye (at some point this week) then you’ll all be saying you wish you bought in at 373p

I’ve just bought another batch, currently holding 5,750 shares, mad to think this was once worth £333,500!

Have you noticed something today?

EVERY single airline stock is in the red. Yes I’ve checked 28 airline stocks and they’re all in the red today.

I’ve used this dip to top up!

Holding 32,950 shares.

Knowbodyyouknow, that’s a fair point,

Hmm wonder what’s next on the cards.

Well… tomorrow will be interesting

Next PLC release their Trading Statement, I believe it’s going to be good, and will hopefully push us higher.

I visited multiple Next stores over Christmas and they were all rammed, including the in-store Costas!

Fingers crossed the same can be said about people ordering from ASOS!

I’m in at 483p

Sooo Authentic Brands Group LLC are in talks with ASOS to buy TopShop…. Let’s say they paid between £200m and £400m for TopShop… If you’re paying that much why wouldn’t you to the extra mile and put a counter offer in for the whole company…

Does anyone know what retail assets ASOS own? Do they own any of their buildings / warehouses?

I see Asos employees 3,352 members of staff .. cut 350 of them… at £30,000 salary average a year that’s a saving of £10,500,000 (£10.5m) on payroll alone.

So may ways to cut costs in this business, offload, back to basics, go again!

I wonder if we’ll hear news on the TopShop sale soon….

2 months ago, MorningStar Senior Analyst believes the fair value of ASOS is £13.30 a share, Hmmm! Saucy.

Not a single buy or sell all day? Zero movement?

I’m going in again with another buy, 4,000 shares purchased.

Christ, hope I’m right on this one….

Promised me’ loverrrr a Cruise this year, might end up going camping at this rate.

Just bought another 250 shares, holding 3,750 in total now. Hopefully we’ll be back at 440p ish later today ;)

In November we’ve beaten Shein and Boo Hoo by a MILE on website visits, Top 3 of the UK for fashion.

1

marksandspencer.com

1

20,477,475 4.25 41.98%

2

next.co.uk

1

20,060,893 6.62 34.86%

3

asos.com

1

13,953,270 5.06 43.38%

4

shein.co.uk

1

13,459,498 3.85 57.44%

5

tkmaxx.com

–

10,952,632 4.59 40.59%

6

very.co.uk

2

10,858,965 4.42 45.56%

7

mandmdirect.com

1

9,660,582 6.45 43.13%

8

jdsports.co.uk

1

9,172,003 4.42 45.62%

9

debenhams.com

5

8,583,219 2.15 60.89%

10

shop.app

1

7,904,141 1.21 86.24%

11

hm.com

4

6,946,598 4.56 46.03%

12

matalan.co.uk

–

5,787,940 5.03 41.73%

13

zara.com

–

5,194,906 2.99 51.74%

14

houseoffraser.co.uk

4

4,890,453 4.44 40.48%

15

newlook.com

1

4,673,416 4.64 46.82%

16

roman.co.uk

4

4,321,382 3.18 52.07%

17

primark.com

2

4,227,582 1.57 73.33%

18

warhammer.com

–

3,964,300 2.23 57.76%

19

uniqlo.com

1

3,886,095 5.19 31.35%

20

boohoo.com

3

3,775,736 8.11 39.86%