Asos Share Discussion Threads

[christh] 11/12/2019 22:10

Moorsie2
Is that why Boohoo's sales are rocketed and likely to hit £1.5 billion this year.
Asos has sorted out its warehouse in Europe and sales are doing extremely well based on spending on credit cards.
Wait for the trading update in 3 weeks time .
For HSBC to upgrade the price from £35 to
£36.15p means they do expect and probably know the sales figures

[christh] 11/12/2019 17:30

Sad traders appear when share prices fall but never around when is climbing.
The trading update on 14 January will shift this to £39.
The trading on black Friday was a big success.
The Xmas period is a major online retailers peak selling time.
Order book is full of orders.

[porsche1945] 11/12/2019 12:36

@ christh
are you getting help with those disorders?? Asos alot more likely to hit 16 quid a share than 35, margins shrinking, having to spend more to make less. Retailing in general is fxxked.

[moorsie2] 11/12/2019 10:21

Research Announcement: Moody's - European retail outlook is negative due to shifting demand, continued slow economic growth
11 December 2019
London, December 11, 2019 --

Online competition slowing overall sector sales growth, narrowing margins
Moody's forecasts that 40% of rated retailers will record lower profit in 2020 than 2018 or 2019 or both
The outlook for retail companies in Europe for 2020 is negative, Moody's Investors Service said today in its annual outlook report on the sector.

The key drivers of the negative outlook are a combination of shrinking in-store sales and margins as shopping habits evolve, declining profit and cash flow as companies adjust store portfolios, and continued weak economic growth prospects into 2020.

"Overall sales growth will remain anaemic as slowing but still strong online sales growth continues to cannibalise store-based sales in 2020," said David Beadle, a Moody's Vice President – Senior Credit Officer.

Moody's now forecasts that 40% of rated retailers will record lower profit in 2020 than 2018 or 2019 or both. This compares with 20% when the rating agency published its industry outlook a year ago.

[christh] 11/12/2019 08:19

HSBC upgraded ASOS to £36.15

ASC ASOS Plc HSBC Buy 3,615

From shares magazine
10 December

[christh] 11/12/2019 08:09

Trading update 23 January

[huntie2] 05/12/2019 16:16

hmmm!A little on the optimistic side, christh?

[hosede] 05/12/2019 09:55

Under 30 now
Long long way down to go

[christh] 04/12/2019 11:03

Finance
3 reasons why the FTSE 100 could enjoy a Santa Rally!
4 December 2019


Fed rate cuts

[christh] 04/12/2019 11:00

Finance
U.S. and China move closer to phase-one trade deal - Bloomberg
4 December 2019

[christh] 04/12/2019 09:15

23/01/2020 Trading Statement for the four months to 31st December 2019


it will hit £33 this week.
Tested £32.33p this morning as momentum builds up and online retailers are having their best time ever.

Buy now a great opportunity for the update in January will hit £36

[christh] 03/12/2019 08:21

Asos will hit £33 this week, online retailers are hitting big time.
Black Friday a big success.
Maybe £35 by Xmas as the order book is exceeded the orders.

Next year will hit £39 in March-April.

[algorithmicx] 03/12/2019 08:19

Shore Capital analysts Greg Lawless and Clive Black said: "In our view, the Boohoo group has momentum and continues to leverage its multi-brand platform."With seven brands in the portfolio the company is starting to resemble Inditex (owner of Zara) with a stable of eight high street brands. We are happy to reiterate our buy rating. Boohoo group remains a key disruptor in UK clothing and this is another good trading update which will reassure investors that the momentum continues."

[christh] 29/11/2019 13:15

Black Friday is a big success now on BBC news.

[christh] 29/11/2019 13:14

Asos now a bargain.
Still believe that is going to £39.

[christh] 29/11/2019 12:51

Black Friday people, retailers big bonanza.
Don't miss out your bargains

[algorithmicx] 28/11/2019 10:57

Boohoo on an upswing in the race for downloads

Black Friday, the start of the biggest shopping weekend of the year, is tomorrow, but you’re unlikely to see dozens of millennials fighting over a 50in television in your local shopping centre any more. Many won’t even be hunting for deals on websites. Instead, they’ll be scrolling through apps on their smartphones — an increasingly important platform for retailers.

Asos, for example, estimates that about 82 per cent of its fast-fashion sales now come from mobile phones, an eye-catching figure that appears to have caught the attention of Bank of America Merrill Lynch. Given the growing importance of apps, the bank is tracking download numbers for Asos and Boohoo, its rival, to give an idea of how the two companies are faring. The figures look worrying if you’re an Asos investor.

The bank found that in Britain Boohoo’s app was being downloaded each month more than that of Asos, while in America, Asos downloads have fallen in each of the past three months. while Boohoo’s have accelerated, with twice as many people downloading it compared with last year.

David Holmes, an analyst with Bank of America Merrill Lynch, noted that Asos was “materially lagging peers such as Boohoo in the UK and US market” in growth in app downloads. “This data arguably underlines the recent challenges Asos has faced in the US market, and slowing revenue growth,” he said.

Still, Black Friday would appear to be no time to walk away from either Asos or Boohoo; the former’s shares rose 73p, or 2.3 per cent, to £32.16, while those of Boohoo climbed 3¾p, or 1.2 per cent, to 312p.

[christh] 27/11/2019 09:59

Definitely sales are doing well.
Asos Mentioned last night on Martin Lewis
money program

[christh] 27/11/2019 09:57

Any news out of the agm, yet.
Let's hope it hits £33 today

[christh] 25/11/2019 11:12

this Wednesday 27 November Asos agm

[christh] 22/11/2019 16:04

Ha ha
Keep shorting....£39 on the way

[jenniferzz] 22/11/2019 11:11

Q 'Wasn't it yesterday or day before you said is going below £30?????'

A NO

Q 'I am not speaking to little people like you, ignorant of investing.'

A But you are apparently ! (speaking) 'Little and ignorant' an assumption a bit like your share price predictions but that's a dangerous assumption.

Keep infesting if you wish but don't ramp it up and try to garner support for your loved up, invested to the hilt, punt on this stock.

[christh] 22/11/2019 10:43

Jenniferzz
Go back to your hole that you come out from.
I am not speaking to little people like you, ignorant of investing.
Wasn't it yesterday or day before you said is going below £30?????
Just go away, shorting psychology is not new.
Look at the sector
Boohoo is risen from 260p to now 300p and heading to 360p
So Asos is moving up as the retail sector is booming.