Odey Asset Management Reports Stakes in LSE-listed Companies Boohoo.com (BOO) and Circassia Pharmaceuticals (CIR)

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.

Crispin Odey

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.

Disclosure:none

Recommended Reading:

Altai Capital Trims Stake in Emulex Corporation (ELX)

Billionaire George Soros Believes Penn Virginia Corporation (PVA) is Undervalued; Buys More of the Stock

Kenneth Squire’s 13D Management Is Betting on These Stocks

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!