Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Nothing wrong with big Mike wanting to buy more at the lowest price possible. Movement over a short time period of a week or two is irrelevant unless you are a trader. You bought for a fun punt, others to invest over a longer term. Both clearly in the belief that they are good value at this level.
I know, I thought the same 🤔. Hey ho, it doesn’t matter one jot I suppose. The fact that major investors are only increasing and not offloading is good enough for me. We are in good company if we are backing the same horse as II’s with such deep pockets. #holdingfor£15!
“ASOS Plc (the "Company") announces that it has been notified by William Barker, Non-executive Director, that Camelot Capital Partners LLC, a PCA to William Barker, purchased 474,000 ordinary shares of 3.5 pence each in the capital of the Company ("Shares") on 26 February 2024”.
Clears that up!
No truer example of capitulation than here SJ. The update is crucial. Something has to give one way or another, but if they can retain strong customer volumes, returning to sustained profitability will happen. With billions of turnover and margins improving even modestly, the company has good scope to carve a profit. Cost savings alone will drive improvements and with the cost of living abating eventually, we’ll be in a leaner position ready to grow when the climate improves. It’s taking much longer than we all expected and the tenner for Christmas was premature, but I’m hoping you can guarantee it in time for 2024 :)
A pretty low bar has been set in terms of expectations. Was a smart move Imo as I believe the targets are very achievable. Outlook will be crucial. All eyes on margins, basket values, customer numbers and returns etc.
Dean ultimately you have to review the reasons for your investment. Are they still the same? Is your view of the company and its progress in line with your expectations? If the answer is yes then remain invested imo. If you have a more negative outlook then it could be time to exit. Personally I’m not influenced by how long the share has been stagnant or how long it may take to recover. I’m led by the business performance and the next update will give us a good idea of how we are moving forward. That may be a good time for you to make a decision one way or another.
Absolutely James. ASOS can thrive if it continues to differentiate itself from shein, boohoo etc. My hope is that it can by driving growth through less discounted items. Its new model is well placed to achieve this and it’s the right thing to do as it can’t compete with faster fashion. As SJ said recently, if they can show further stock reduction and improved profitability per customer and a return to growth in H2, then we’ll start to see an improved sp. Just a shame there are these shenanigans in the mean time.
8% down on what? Many will argue it’s part of a healthy market. Options, shorts etc but I strongly disagree with this. This sort of movement is created by the above, to make vast sums for the wealthy, while regular pi’s are left on the wrong side of the trade. Today is a clear example of how easily a share can be manipulated to benefit a select few.
Good share knowbody.
Also a really comprehensive review of asos here for anyone interested:
https://seekingalpha.com/article/4669493-asos-an-autopsy-lessons-learned-and-the-expectations-going-forward
He doesn’t want 30% imo. He would have achieved that by now if that was the plan. At this stage he’s looking for synergies and to make a shed load of cash from his positions imo. Not to say he won’t have a change of heart in the future, but I think for now it’s clear from the rns’ that he could have easily achieved 30% through slow position building if he’d have wished.
Lots of talk about the importance of a trading statement, but the truth is they’ve given such low ball expectations that I believe it would be near impossible to fall outside of these. Worst case scenario, the lower end of projections is achieved IMO. Personally I think it puts a line in the sand and is why we will be range bound until a significant shift is seen in key metrics: debt, stock levels, cash flow and profitability. H2 here will read very differently imo.
Https://uk.finance.yahoo.com/news/frasers-group-mike-ashley-retail-102744583.html
Best I’ve read in a while. Offers a sensible opinion on MA’s strategy and shares the same view that I and many others have on here: the company is far from being in danger.