Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Could be Nick Robertson. My best guess would be one of the of the II’s. Unlikely to be MA, Anders or Camelot but probably one of the smaller institutions. It’s anyone’s guess but let’s hope it’s not the start of larger selling.
Cheers James. I think the truth is - deal or no deal - it’s good to hear the company is reviewing all options and doesn’t appear to be making knee jerk decisions. A sale of top shop was considered and didn’t happen. Good in my book. A deal with reliance retail has been in discussion for some time and we don’t know the conclusion yet. Point is they are carefully considering all available options and aren’t rushing in desperation. The board are carefully thinking about strategy and I for one am certain we will see success. Happy to wait to 2025 or even 2026 if need be, because I think the potential here is significant.
Footielad, I think suggesting a company couldn’t be successful in a new geographical location because another one wasn’t is madness. Many businesses would never be successful if that was the case. Even more importantly we are looking at entirely different prospects here. Reliance retail/ajio.com is india’s top online store for fashion with circa 2.8 billion turnover. Consumer spending for clothing is set to grow significantly and furthermore, the owner (Mukesh Ambani) is the richest man in India and 11th richest man in the world. He is extremely successful in retail (along with many other businesses in different fields) and their reach as a company is huge. If ASOS can tap into their success in even a small way, it could be the start of a very promising relationship for us. ASOS will only sign on the dotted line if the deal is right. They can’t afford to gamble as they have previously with the US etc as the balance sheet and company can’t afford to. If they do come to an agreement, I’d be very confident the deal would bear fruit. They will be reviewing every aspect of the deal in meticulous detail given the state of current finances. No guarantees in life but definitely a positive in my book.
Hasn’t even been agreed yet Nate and they said talks have been ongoing for a while. I’d imagine the talks are nearing conclusion one way or another though e.g. a deal has been reached or hasn’t. Judging by the amount of speculation and number of sources covering this, if I were a betting man I’d say the chances of a positive outcome are high. We don’t have the faintest inkling of what the financial gain from this will be or chances of success. The reach could be huge, given the size of India’s consumers, and if there are physical shops too plus an online deal, it has serious potential. What I would also say is Mukesh Ambani is India’s richest man and the 9th richest person in the world. He has serious influence, business acumen and with his knowledge and understanding of the Indian retail market, this could bag asos a lot of money IF the agreement is mutually beneficial and successful.
I’m pleased you have bon, that way I can be assured of not hearing from you. Hopefully day trade will follow along with spider and Thira. If they block everybody then they won’t be able to spend all day conversing nonsense with anyone but themselves. Off for dinner. Back later for the comedy replies.
If someone in a nightclub is mouthing off,should everyone be removed who see him quite rightly as the problem or the person causing the problem? I’ll leave you with that until later this evening as some of us don’t spend all day and night on here.
Poor analogy. Your tyre is a you problem. Your posts in particular have been raised by numerous members as an issue therefore it’s not a singular problem. Maybe if you changed the way you approach the board that would be more beneficial to everyone.
It’s not my own issue Daytrade. It’s a large proportion of the board. Being pointed out by board members new and old has if not. Almost to the point of being daily now isn’t it. Balanced, sensible posts would be great to read. Cherlish, repetitive posts day in day out aren’t.
Daytrade, Spidey, Thira, do you ever give it a rest? You suffocate the board day in day out and everyone has to sift through post after post just to get to meaningful conversation. I see my comments last night was removed for saying exactly this. Would be so refreshing if you stopped trying to control the board or if you are going to post day and night, at least make a worthwhile contribution. “The sp is a disaster, T4G is still posting, no one loves a boo, even MA doesn’t want anymore”. Change the record for everyone’s sake.
You must have the wrong stock LSE. No one has so much as commented on £70 in a very long time. I think SJ and I have said we’d be happy with £15-£20 and most others below that. There’s no comparison to be had at all with matches. One specialised in luxury fashion, the other catering to all different budgets. The size of the business and logistics/model was completely different too. Would love to hear who your source is aswell?
Pearls he would have to table a bid if he crossed the threshold and £5 would be refused. He has been building for some time and could have easily reached 30% by now if that was his aim. With other major shareholders - one of which is his nemesis Anders, there’s no situation in which a low ball offer like that would be given time of day. Just look at Curry’s.
BFD, presumably this is the article the poster was referencing:
https://www.retailgazette.co.uk/blog/2023/12/in-the-style-profitability/
Brand new update to the asos app called the AI stylist. An exciting new development imo, especially given that I can’t recall seeing it on other online clothing retailers I personally use. I think there’ll be a lot of existing customers who’ll be keen to use the feature. A friend has already used it and said she was able to ask it to find a suitable outfit for a wedding. Seems very intuitive. Could be really positive.
Yup, SPK it would be good if the playing field was levelled out however how long will that take to materialise. Not a fair situation for uk retailers. SHEIN are certainly exploiting loopholes but what if anything is going to be done about it, that is the question. There’s mounting pressure from the UK retail industry among other countries so it’s a start but these things tend to take time. Here’s hoping for a respectable update.
Knowbody, it’s definitely a more robust business however it shows that all online clothing retailers have been impacted by the wider macro. It has a stronger position across Europe and its margins have improved but it shows what we can achieve and expect when we return to growth.