Frasers Share Discussion Threads

[qantas] 21/11/2024 08:35

Frasers Group urged shareholders to remove Boohoo's executive chairman Mahmud Kamani on Thursday, to appoint Mike Ashley and James Lennon to the Boohoo board. In response, Boohoo announced the appointment of Tim Morris as independent chair, with Kamani transitioning to executive vice chair and committing to governance measures including limiting his influence over board decisions and operations. Frasers, which owns just over 28% of Boohoo, requisitioned a meeting for the appointment of Ashley and Lennon for 20 December, and urged shareholders to remove Kamani at a separate shareholder meeting.

[chester9] 13/11/2024 16:54

I think City like to see the results with Frasers. Mike Ashley owns about 70% so he is in total control. He promoted the staff would get ten pound a share by Oct 25 so time is running out. Needs good news soon.December will tell what kind of year it's been.

[jamie261] 13/11/2024 00:27

I'm surprised the price hasn't started ticking up yet, usually get a good run to results early December.

[robmarlborough117] 12/11/2024 21:50

Well that was a rough day today

[chester9] 12/11/2024 10:14

Results for Sports Direct should be good with Euros and Olympics. They have been a disaster with House of Fraser. The best store Glasgow used to be amazing, not now.Flannels look good but are the kids still into £400 trainers, Stone Island and CP clothing. ASOS and BOOHOO can Mike actually take over a business and make it successful. He tried with Debenhams but has a history of selling the assets, hammering the landlords and taking a brands values down to price only. The employers NI will be dragged back by further automation. He's a great business/property man but not sure about the luxury end of retail.

[robmarlborough117] 11/11/2024 21:44

what we thinking on current frasers share price? have we hit a bottom?

[millennialinvestor] 24/9/2024 08:30

Big Mike has has a price target increase of 10% i'll have some of that!

[qantas] 05/9/2024 07:14

Mike has made a fortune on ASC today .

[martinmc123] 18/7/2024 12:54

Frasers Group plc posted its FY24 results this morning and they confirmed continued strategic progress against key priorities. The business delivered further profitable growth with adjusted PBT up 13.1% to £544.8m with adjusted EPS up 33.6% to 95.8p. The outlook remains positive, guidance was for more of the same with FY25 adjusted PBT expected to be £575m-£625m. The Group's strategy is underpinned by a strong balance sheet with net assets increasing to £1,873.0m even after a £126.4m share buyback programme. Valuation is also still reasonably attractive with forward PE ratio at 8.6x following a couple of years of sideways range trading. The range holds for now so there is no immediate rush to buy here, but the business continues to grow solidly, is profitable and still at a reasonable price, so is well worth keeping an eye on until the start of the next leg higher. Monitor for now...

...from WealthOracle

wealthoracle.co.uk/detailed-result-full/FRAS/841

[millennialinvestor] 18/7/2024 08:59

Throg lost more money does she have any pennies left?

[s34icknote] 18/7/2024 08:24

Eps 95p ten times earnings. 950Should be at least twelve ?

[chester9] 11/7/2024 09:00

Great news for Sports Direct at the last Euros they printed loads of TShirts with a celebration predicting the England win. The next day they started to flog off at big discount, but it was a bit of fun I suppose. .I bet England shirts selling very well and at a mad price considering the quality. .Good start to sales this year either way.. Might not be good with labour winning, they might give full pension rights to zero hour contracts starting at whatever they earn. With tech these days it is relatively easy which would hurt Sports Direct and others.

[throgmortonstreet] 28/6/2024 13:15

Nike missed its forecasts and its sales are down, so that doesn't augur well for Sports Direct.

[chester9] 18/6/2024 10:21

Next year FY. Should start with a bang. Sports Direct always big with Euros or World Cup. 2 uk teams plus they will have teams in Belgium/Austria where SD is has presence..The staff share award is triggered at Sp of £10 with that being held at for 30 days. . Wages will be higher but they have done a lot of automisation so mitigated.. How are the sales is the big unanswered. Results in 4 weeks, they are underpinning the share price and improving the EPS. All TBC

[trader465] 18/6/2024 06:17

Mike Ashley betting on a higher share price ahead of results, follow the money

The Company announces that it has entered into a non-discretionary arrangement with Barclays Bank PLC, acting through its investment bank ("Barclays") in respect of a new share buyback programme during the closed period of the Company from today's date for the period ending on the day the Company reports final results for the year ended 28 April 2024 (the "Programme").

[millennialinvestor] 30/5/2024 11:20

Big mike making shrewd moves and wants boohoo plc's distribution network and online presence.

[matlad] 30/5/2024 11:09

What's Occuring?

[ajseabright] 09/5/2024 20:54

Fraser increase holding in Boo as per todays RNS

[millennialinvestor] 09/5/2024 10:06

Nothing stops big mike, supping up all shares.

[chester9] 30/4/2024 22:47

I think you need to look more into the history

[millennialinvestor] 30/4/2024 10:06

Acquisition! Matches Fasion nice grab by big mike.