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Unfortunately the company is paying high for some very high profile stores which just don’t generate the kind of sales that justify such high costs .
I fear this company will follow the likes of joules !
Typical looks like the news is out !!!
The rumours are that Pexa paid £20 million for. Optima legal so looking at turnover and cash we should be looking at an offer of around £1 plus .
Fingers Cross !
Unfortunately with shares like this when negativity takes hold the only way is down . I’m sitting on a large loss but I think I will sit it out before trying to average down , the old catching a knife scenario.
Wait for 40p !
Sales are vanity profit is sanity !
There is a lot of talk about falling sales and the demise of Asos causing further falls in the share price.
One must remember that Asos has a billion pound turnover and whether or not sales drop 10% or more their turnover is still considerable.While sales will continue to fall due to the present economic climate cost cutting can soon have a significant impact on profit.
Boo and Asos would make an incredible combined unit , I wonder if that’s been considered by the two companies.
Potential to cut huge costs and it could be incredibly profitable!!
Just a thought.
Anyone know when the next update is ?
I think he will have been made aware of potential takeover interest from someone, who ! Could be anyone, and he is just making sure he has an opportunity to be part of the action.
When this goes it’s going to be quick .
If there is no chance of a takeover why is MA increasing his stake in order to block one !
Of all people in the fashion business I am sure he knows more than most .
Whatever happens as Drapers points out this company will probably be sold before the end of the Summer and it will just come out of the blue , no rumours, no bids , just an announcement that terms have been agreed and the company has been sold .
My money is on authentic brands putting in a bid or being part of a consortium, they tried to buy the Arcadia brands but were outbid by Asos .
Yes exactly Discus 1 he has become a billionaire by knowing when to invest in companies that are very cheap with enormous potential. Asos is a fantastic brand with a huge following and at some point he will either take it over or make a huge profit on his shares.
I would imagine it’s his son in law little Mike who wants to get his hands on Asos so he can market flannel’s £500 trainers to their 5 million customers !,,,,
Who knows it could be the next takeover target ??
Positive day today .!!!!!!
I think you will find he is buying shares to boost the stock price as it’s so ridiculously cheap .
The great thing about this share is if the price doesn’t improve and reflect the true value of the company he will just take it private.
With all the excitement tomorrow with ASOS I would imagine it will be a good day for all of the fashion related stocks that have been hammered.
Understandably there are a lot of negative comments about the Superdry brand but walking pass one of their shops yesterday I couldn’t help noticing the amount of Chinese tourists that we in shopping and coming out with bags full .
I have only held these shares for a month and I am already showing a gain of 4% so will definitely be picking some more up as we should get an update on the business soon
Well this is fabulous news , everyone is obsessed with sales in the uk market but with 1.3 billion people we have the potential to sell hoodies, sweatshirts and t shirts to a huge Indian market
The price should be north of a £1 looking at the potential of the company.
Remortgaging is booming at the moment with millions of deals coming to an end and the housing market is starting to pick up .
So while there is no guarantee they are seriously interested in buying the company and they certainly have the cash !!!!
This is taking a considerable amount of time to come to an agreement so I presume it must be a considerable amount that they are discussing .The contract was was for over 10 years so while it is purely a guess it could be in excess of £10 million .
These new high profile investors are probably able to access such payments and realise there is a generous payment coming .