Frasers Group (FRAS)

Sector:

Retailers

Index:

FTSE 100

761.00p
   
  • Change Today:
    -23.50p
  • 52 Week High: 938.00p
  • 52 Week Low: 753.00p
  • Currency: UK Pounds
  • Shares Issued: 450.32m
  • Volume: 616,656
  • Market Cap: £3,426.91m
  • RiskGrade: 211

Frasers Group becomes fourth-largest shareholder in Asos

By Iain Gilbert

Date: Monday 24 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Mike Ashley's Frasers Group became the fourth-largest shareholder in online fashion retailer Asos over the weekend after building up a 5.1% stake in the company.
Frasers raised its stake in Asos just days after the retailer revealed an emergency cost-cutting plan and a pre-tax loss of £32.0m.

Asos benefitted greatly from the Covid-19 pandemic-fuelled online shopping boom. However, its valuation has collapsed from more than £5.0bn in March 2021 to little more than £500.0m on Friday, meaning Frasers was able to acquire its stake for approximately 10% of what it would have cost just 18 months earlier.

While Frasers has now become one of the biggest shareholders in Asos, ahead of Schroders, it still lags far behind top investor Danish billionaire Anders Holch Povlsen's 26%.

Frasers' purchase of one of the most shorted stocks on the London market, originally reported by the Telegraph, both marks a continuation of the Sports Direct and House of Fraser owner's empire-building efforts and also further intensifies the FTSE 100-listed firm's rivalry with Boohoo.

As of 0805 BST, Frasers shares were up 1.69% at 631.50p and Asos shares were down 0.27% at 508.64p.





Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Frasers Group Market Data

Currency UK Pounds
Share Price 761.00p
Change Today -23.50p
% Change -3.00 %
52 Week High 938.00p
52 Week Low 753.00p
Volume 616,656
Shares Issued 450.32m
Market Cap £3,426.91m
RiskGrade 211

Frasers Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
25.64% below the market average25.64% below the market average25.64% below the market average25.64% below the market average25.64% below the market average
23.81% below the sector average23.81% below the sector average23.81% below the sector average23.81% below the sector average23.81% below the sector average
Price Trend
12.16% below the market average12.16% below the market average12.16% below the market average12.16% below the market average12.16% below the market average
4.76% below the sector average4.76% below the sector average4.76% below the sector average4.76% below the sector average4.76% below the sector average
Income Not Available
Growth
23.75% above the market average23.75% above the market average23.75% above the market average23.75% above the market average23.75% above the market average
38.10% above the sector average38.10% above the sector average38.10% above the sector average38.10% above the sector average38.10% above the sector average

Frasers Group Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
17:24 63,686 @ 766.71p
17:24 42,162 @ 766.71p
17:24 5,727 @ 766.71p
17:24 38,464 @ 766.71p
15:20 25,000 @ 753.45p

Frasers Group Key Personnel

CFO Chris Wootton
CEO Michael Murray

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