Crispin Odey’s Odey Asset Management disclosed its stake in two London Stock Exchange-listed companies: Boohoo.com Plc (AIM:BOO) and Circassia Pharmaceuticals plc (LON:CIR). It reported holding 79.2 million shares, amassing 7.07% of the total voting rights in Boohoo.com Plc (AIM:BOO). In Circassia Pharmaceuticals plc (LON:CIR), Odey trimmed its stake to 22.47 million shares from 22.50 million shares held previously. Current stake represents 11.7% of the voting rights of the pharmaceutical company.
Boohoo.com Plc (AIM:BOO) is one of the UK’s largest pure-play online own brand fashion retailers, targeted at 16-24 year old consumers in the UK and globally. Founded in 2006, the group designs, sources, markets and sells own brand clothing, shoes and accessories through its website www.boohoo.com. The company has more than 2.3 million active customers. Earlier in March, the retailer conducted its IPO, issuing 600 million shares at a placing price of approximately $0.83 per ordinary share. The company plans to use the proceeds to increase the company’s expansion path and the working capital base. Moreover, a significant amount will go for the repayment of the company’s debt to existing shareholders, according to a filing.
Circassia Pharmaceuticals plc (LON:CIR) went public on March 13. Its IPO comprised 64.52 million ordinary shares at an offer price of around $5.15 apiece issued by the company, and 2.90 million sold by the current shareholders, according to a press release. Total gross proceeds raised by the company and by the shareholders are expected to amount to approximately $332 million and $14.9 million, respectively.
Established in 2006, Circassia is focused on developing and commercializing a range of immunotherapies for the treatment of allergy. It is headquartered in Oxford, England.
London based Odey Asset Management was founded in 1991. One of Odey’s original backers was George Soros. The fund’s equity portfolio totaled $4.8 billion at the end of last year.
Last week, Odey Asset Management reduced its position in STV Group Plc. (LON:STVG). According to two recent filings, the fund revealed a position of 4.26 million shares, which represent 10.91% of the voting rights of the company, down from the previous amount of 4.79 million shares. Earlier this month, Odey Asset Management increased its holding in The Ryland Group, Inc. (NYSE:RYL) to 4.73 million shares, which represent approximately 10.17% of the company’s common stock.
According to Odey’s latest 13F, some of the largest stakes of Odey Asset are Delta Air Lines Inc (NYSE:DAL), with 13.6 million shares worth $372.8 million, followed by Signet Jewelers Ltd (NYSE:SIG), with 4.0 million shares worth $317.8 million. Another significant holding of the fund is D R Horton (NYSE:DHI), with an ownership of 13.4 million shares, which is equivalent to $298.5 million.