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Why hasn’t anyone consider a possible offer JD Sports… they could offer a £1bn+ takeover bid for ASOS (which is only one years profit for JD) and merge them both. Their branding is quite similar, and their customer base too, perfect hand in marriage.
Probably seems the most likely to me, I’d quite happily take £10 for ASOS right now, many would… although the top dogs at the top clearly think it’s worth more…
Well… we’ve got 3,350 staff..
100 are being cut, 700 jobs should be cut at the lichfield when that closes, and these aren’t directly employed by asos either, so good for us! then we’ve got an empty warehouse that we own.
This will shave a minimum of £20,000,000 off our running costs, If the lichfield warehouse was to be sold… how much do we assume that’s worth?
Switzerland to host Ukraine peace summit at Zelenskiy's request
By John Revill
January 15, 202411:26 PM GMTUpdated 11 days ago
https://www.reuters.com/world/europe/ukraines-zelenskiy-wants-china-join-global-peace-summit-2024-01-15/
Saying that… I know when Menzies were on the stock market, I was buying at £1 share for well over a year or two. no directors were buying at all… until it hit a good £3+ and then that’s when the buy out offer came at £6.
Free float can’t be much… if 75/80% of the company is already owned by Fraser, Directors, and large groups and none of them are really selling.
I’m unsure, but I’ll continue to hold until we get at least 450p
Sooo Shein is valued anywhere between $50 & £90bn on the IPO whenever that happens….
Yet we’re worth £450m…. How hasn’t anyone seen the HUGE potential here to offer a buy out…. Honestly a £1.5bn takeover offer for all 17 brands we hold would get people talking and would be a steal for someone. I’m sure the BOD would say even that offer undervalues the business.
Aer Lingus will suspend its Dublin - London Gatwick route. The final flight is scheduled for 30 March 2024.
Source: Sean M
https://twitter.com/SeanM1997?t=9gBAG647zYE_XBqAqGXb7A&s=09
JD Sports Fashion Plc ('JD' or the 'Group') is pleased to announce it has completed the acquisition of the 40% minority stake in Marketing Investment Group S.A. ('MIG' or 'Company') and is now the 100% sole owner.
This acquisition has been completed following receipt of a decision from the European Commission declaring the transaction compatible with the internal market.
As a result of taking full control of MIG, JD has both simplified further its European operations and created the opportunity to accelerate the rollout of the JD brand in Central and Eastern Europe.
In the financial year to January 2024, MIG generated revenues of approximately £270m. As at 30 December 2023, MIG operated a total of 403 stores across 13 countries, including 23 JD stores.