06 March 2015 01:45 AM
MySale’s share price rout hasn’t put off blue-chip investors. The Australian flash sales site has plunged since listing at 226p last June, most recently putting out a profit warning last week. Early backers, the Topshop tycoon Sir Philip Green and Sports Direct owner Mike Ashley, have lost tens of millions. But yesterday the esteemed investment house Schroders snapped up a 5.2 per cent stake. Perhaps it is betting that MySale, up 2.25p at 52.5p, has hit rock bottom.