20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
- Farfetch Ltd (NYSE:FTCH) and business tycoon Mohamed Alabbar's Symphony Global have acquired 47.5% and 3.2% stakes, respectively, in online luxury and fashion retailer YOOX NET-A-PORTER (YNAP). The transaction results in YNAP as a neutral platform with no controlling shareholder.
- YNAP and its parent, Richemont, will adopt Farfetch's platform solutions to help digitalize the luxury industry.
- The company's platform solutions will advance the delivery of the omnichannel strategy of Richemont's Maisons.
- Upon selling 47.5% of YNAP's share capital to Farfetch, Richemont will receive 53.0-58.5 million of Farfetch's Class A ordinary shares, representing 10%-11% of fully diluted and 12-13% of the issued share capital.
- Richemont and Farfetch will have put and call options, respectively, for Farfetch to acquire the remainder of YNAP, subject to certain conditions.
- Richemont will also receive $250 million on the fifth anniversary of completing the initial stage of the transaction.
- Farfetch held $937.9 million in cash and equivalents as of March 31, 2022.
- Price Action: FTCH shares are trading higher by 13.90% at $8.93 in premarket on the last check Wednesday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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