Brown (n) Share Discussion Threads

[niggle] 16/4/2024 09:55

More Fraser buying, with footholds now in ASOS, BOO, and this. The game’s afoot.

[gripfit] 09/4/2024 14:08

The alliances must be crying in their Beer

[robertbarns1] 08/4/2024 22:50

buying in the 14p's today .. how low will this
go ? 10p soon

[gripfit] 26/3/2024 16:34

Come on Alliances .. do a deal with FRASERS ffs

[triskelion] 08/3/2024 14:06

"Mike Ashley’s Frasers Group is putting Matches Fashion into administration less than three months after buying it in a cut-price deal worth £52m.
...
Frasers, which is known for buying troubled retail brands, said it remains “committed to the luxury market and its brand partners”."

No grounds for hopium on BWNG purely disclosed here then. Frasers' stake in BWNG still somewhat mysterious in purpose...?

[redbaron10] 01/3/2024 15:53

Wish i'd had a crystal ball to see apparel companies fortunes on our markets over the last five years or so.Next,Burberry,JD sports and M&S to an extent have survived the carnage but when you look at Boohoo,ASOS,Superdry,Ted Baker and this share, some huge losses have amounted.I have an interest in M&S and this share but my gains in M&S haven't come close to erasing my losses here.I live in hope of some sort of turn around here but my patience is wearing thin now.The 57p rights issue helped deal with the Allianz legal challenge but nothing else positive has resulted.

[outsizeclothes.com] 20/2/2024 15:20

I actually think Shein are a much bigger threat than Klarna.
But I also believe the UK (and EU) are currently looking at their "tariff-free import" rules because they realise that China will bend every rule, in any morally unfair way it can, to the detriment of UK / EU retailers, to establish monopolistic positions if they get away with it.
And only right that the Govt. should clamp down.
Why should the UK (or EU) subsidise China, only to increase the UKs own unemployment rate?

[cyberbub] 20/2/2024 09:18

Will the loan book business not be affected by the rise of companies like Klarna?

[gripfit] 19/2/2024 09:20

It’s still an attractive business … somebody will want it for it’s loan book EEZYMUNNY ..well said..

[cyberbub] 18/2/2024 22:00

Thanks Eezy. I'm just looking in based on the chart, I'd been aware of the company a few years ago but not paid much attention since. I probably need to do some more research!It certainly looks very much like a 'bottom' (or thereabouts) but I'm trying to work out the upside...

[eezymunny] 18/2/2024 12:21

cyberbub, you miss the fact that this is a buy now pay later company. At 2/9/23 bank loans were £307m vs a customer receivables balance of £477m They charge far higher interest to customers than they pay on the bank debt.

Until you understand that I feel it's not worth commentating on anything much else.

[masurenguy] 17/2/2024 17:49

The Alliance family have a total direct and indirect beneficial interest in 56.65% of the shares in the company. The second largest shareholder is the Fraser Group who currently hold 19.93%.

[cyberbub] 17/2/2024 15:29

Does anyone know what the Alliances average is? And why Ashley would pay significantly above that for a fairly mediocre online business? Is it the motley collection of brands he's after?

[gripfit] 17/2/2024 13:00

I’m banking on the alliances letting go …

[cyberbub] 17/2/2024 12:35

Just looking in. What's the investment case here? It seems to have a market cap of £90m but high debt and small profits, with no particular moat. Ashley has built up a big stake, is it basically a punt on a buyout, and if so, what is the target price? Something above the Alliances last buying price of 35p? Remember that big investors and business owners can get it wrong too... If the takeover doesn't materialise or is rebuffed, what's the fallback scenario? Trade its way back to profitability, and hope that the debt reduction is steadily reflected in the market cap?

[gripfit] 12/2/2024 16:24

That may prompt Alliances to sell the rest … which I’m
Sure FRASERS will buy??

[no dice] 12/2/2024 14:03

Frasers Group + Monecor now own just over 25% of BWNG. Monecor have acted for FG in the past - assuming this is the case here then FG can now block any special resolutions. Stalemate?

[gripfit] 12/2/2024 09:29

Alliances will sell .. probs for 75p ??

[gripfit] 12/2/2024 09:28

The alliances we’re buying 12 months ago for 35 p and more ..

[gripfit] 12/2/2024 09:27

The alliances we’re buying 12 months ago for 35 p and more ..

[masurenguy] 12/2/2024 08:58

Maybe, but the Alliances can always decide to sell !

[currencytrader1] 12/2/2024 08:53

Frasers now over 20%
They can never control it as family own 51%

[eezymunny] 12/2/2024 08:49

Indeed gripfit. One wonders what Frasers see as the endgame here. Unless BWNG start losing money hand over fist, and no sign of that currently (though possible with a combination of awful trading and severe deterioration of the debtor book), the market cap here is plainly absurd.