FoggyIsle.XYZ | Market's view on Frasers Group

Concerns are raised about the falling stake of MUL, with the term ‘dropping like a stone’ used to describe the situation.
It is noted that Apax Partners’ acquisition from Frasers was not particularly large, suggesting that Frasers still has significant cash flow.
A mismatch in corporate strategies has led to speculation about other companies potentially facing similar outcomes.
Discussion about a new stake acquisition by Mike in Hornby, questioning if it reflects a nostalgic investment rather than a strategic one.
Speculation on potential increases in bidding due to the value seen by others.
Mention of Ashley possibly joining a bidding process, with a reference to his average purchase price being close to the current stock price.
Expectations of a ‘nice payback’ from Frasers’ 7% stake in Curry’s, which has seen a 30% increase.
Frasers’ stock buyback has restarted, suggesting a strategic move to bolster stock value.
Various trading updates and financial results from companies are discussed, highlighting issues such as poor trading news and the impact of no share buybacks.
Frasers’ tight cost controls and partial automation at the Shirebrook warehouse are praised for reducing labour reliance, with potential further automation planned for a new Coventry distribution centre.
The impact of a minimum wage increase to £11.44 per hour on low-paying employers like Frasers Group is discussed.
Observations on Frasers’ response to competitors and strategy to drive growth by focusing on beating JD Sports.
An unusual transaction by Ashley involving a bet on share price stability raises questions about insider trading practices.
Frasers’ acquisition strategy is described, focusing on purchasing distressed sellers and managing stock for profit.
Frasers Group’s expansion into the former John Lewis location in Peterborough is detailed, highlighting the approval for fitting out the store and expected benefits from an October opening.
Financial performance details are shared, reporting a record year with significant increases in revenue, profit before tax, and cash inflow, mainly driven by the core Sports Direct business and property dealings.