Who would want to buy ASOS at this stage of the company's development? And, I'm sure Nick Robertson (NR) would resolutely fight any proposed hostile take-over.
There is also the major shareholder Fidelity to think of and I would be surprised if they should welcome such a proposal.
If the company, as NR predicts, is touting a 400p share price by 2010 due to an annual turnover of £100m, perhaps then, it may be tempting for him. With further share options etc.. he will be holding 10 million+ shares. So, being offered £40m for 8 years work is quite a return.
NR may also be one of those entrepreneurs who's pleasure comes from creating new companies from scratch but then becomes bored when they are set up and running smoothly.
Therefore, my crystal ball suggests not until around 2010 may the M&A vultures successfully swoop.
Adstar stock quotes
Adstar stock charts
Follow this thread
