Asos Share Discussion Threads

[hosede] 05/11/2019 09:25

Short looking pretty good now.
Porche
Yes looks like support at 22 in the short to medium term
Jennifer
Remember you on the BB of that ill- fated Co. Medisys

[jenniferzz] 01/11/2019 18:31

peteret

'Total over reaction'

What the fact is has gone down after rising from low 20's to touching 40 in days !!! on news !!!

Totally over valued.

[greco600] 01/11/2019 14:53

This is more the reason in my opinion.Think it's nothing to worry about, people won't stop online shopping

[greco600] 01/11/2019 14:52

BBC News - Sainsbury's ex-boss urges VAT rise to save High Streethttps://www.bbc.co.uk/news/business-50261277

[hosede] 01/11/2019 13:57

If you don't think we're in for a mega downturn name me any serious country - Norway excepted - that has run a budget surplus since 2001. Govts. worldwide are borrowing themselves into oblivion. every Yank now owes $50,000+: thats 200k for a family of four. I wonder how many could pay - 10 - maybe 15%

[peteret] 01/11/2019 13:38

69348 new shares its hardly dilution Total over reaction

[telbap] 01/11/2019 13:29

Yep right up until the time you go balls deep and they hit up the market for 100m liquidity cash at 20% discount.....the first couple of times it got super hammered down to sub £20 I jumped in for a few but never SB tooooooooo volatile.

[porsche1945] 01/11/2019 13:25

Looking forward to buying back into this at 22, have made a stupid amount of dosh trading this over last three years. Great trading stock.

[hosede] 01/11/2019 13:03

Short looking a lot better now - seems to have peaked

[ghostme] 24/10/2019 16:42

How’s the short? 3670 close. Think someone said their shirt was at 3321. Had that margin call yet? Asos loves Friday test on 3700 early tomorrow

[frazboy] 24/10/2019 13:27

Brave short Hosede - best of luck with it. If I had more nerve I’d be in there with you but I would like the share price to get even further ahead of itself.

I’m casting my mind back a few months to a Morgan Stanley note covered in FT Alphaville:



I need to see if they got the cash burn story right... funded from bank debt at th moment, equity raise to follow, or cash flow positive going forward?

Edit: 5 year £350m RCF was discussed in the results so no short/medium term liquidity issues

[jenniferzz] 23/10/2019 13:50

ADVFN has a portfolio section on this site.

I started with a fantasy 300,000 in January 2019 and traded in and out long and short of various stocks (including ASOS) and got it up to £459,021.

I recently went short in the portfolio staking the balance on ASOS and I am currently 161,000 down on the deal.

All my gains went in that trade and I sit 2k down from where I started. I'm still running the short. For real staking everything in one trade is bad practice and running a loss without cutting it is also bad practice. That's the difference between those smug muppets in investment tip magazines who say if you had done this that and the other you would have made this etc....doing it for real is very different.

I'm expecting this hyped up hopeful stock to come back down to earth.

Glad I stopped trading for real a few years back !!!

[ghostme] 23/10/2019 11:15

How’s that short?

[greco600] 22/10/2019 16:04

I don't think things will get that bad. Hopefully not anyway as it will take alot of company's down way before this one.Is the state of the economy the main reason you short asc?

[greco600] 22/10/2019 16:02

They will go hungry, but look great in there new clothes!

[hosede] 22/10/2019 15:53

What happens when the teenagers have no jobs and no money? And don't forget NTAV is only 215p. Anything above twice TNAV is expensive. Read your Ben Graham! The margin of safety is neglible. And if you haven't got a copy of it, you shouldn't really be managing your own money

[greco600] 22/10/2019 13:48

I'll look at them properly when I have chance, I'm guessing your aren't long on many companies if you believe all that.Remember though it's alot of teenagers that buy from here.New clothes rank pretty high for alot of them

[hosede] 22/10/2019 13:09

Have to admit my timing was imperfect - I thought yesterdays high would hold and there's been a second leg up which now seems to be waning. My average short is 3321.
As for the coming crash - everyone says "they didn't see the mini crash of 2008 coming" - but all the same elements (of bad behaviour by bankers) are there but in greater amounts: e.g $180 trn of derivatives (financial weapons of mass destruction) now over $600 trn.
Have a look at these two pieces - but there's plenty more

[greco600] 22/10/2019 12:21

I strongly believe that's madness if true.Short term it may dip down but long term this is on recovery path/growth path.I'll tell you my average is 23.40What's your average short...?

[eggy6198] 22/10/2019 11:07

Well if you just want economic misery just donate to the tory party or brexit party

[hosede] 22/10/2019 10:54

My shorts are long term - and as it climbs I'll just add to this one. When the inevitable world-wide crash finally happens - it could be a year or more - clothes will be last thing on anyones mind.

[greco600] 22/10/2019 09:59

Well if you shorted yesterday when you suggested it was a good short, going to cost you!

[hosede] 22/10/2019 09:53

The gap still has to be filled and the PE come down to a normalised 12-18.

[greco600] 21/10/2019 22:59

ASOS: RBC Capital Markets reiterates outperform with a target price of 3,900p.