Asos Share Discussion Threads

[wall street trader] 18/3/2020 15:48

buy when there is blood on the streets - turning in to a nice day for Asos

[hosede] 18/3/2020 14:55

Sparky
"Once this sh it is done and dusted you will get a massive sales boom basic human nature after times of crisis." True but that could take 30 years or more

[wall street trader] 18/3/2020 14:41

think the Dow has just turned - but who knows

[christh] 18/3/2020 13:19

Sparky33 are you related to mark Hughes?
When he was playing for Chelsea was my favourite player.He was called sparky eyes by the commentators.
Sadly was sacked by the last team that he was coaching.

Asos is king.

Gla

[sparky333] 18/3/2020 12:47

Doomsayers everywhere.The end of days !!!!!

[darrin1471] 18/3/2020 12:30

Staff are reporting partners, children and friends are being laid off work or having their hours reduced. Younger ASOS customers are cheaper to make redundant an more likely to be employed in industries most affected.
Unlikely to be a sales boom as they will still be out of work or paying off their debts.

[sparky333] 18/3/2020 11:55

Once this sh it is done and dusted you will get a massive sales boom basic human nature after times of crisis.

[cluelessbugger] 18/3/2020 11:55

"fuji99
17 Mar '20 - 16:17 - 15632 of 15656
0   0  0
What is surprising is to see NXT, a mainly high street retailer going down to -280p then recovering up to almost +100p."

Sorry, a bit of a late response but the pedant in me had to comment...

Despite what a lot of people think I'm pretty sure that Next crossed the threshold to being a mainly online retailer over a year ago.

Obviously they've still got a significant high street presence.

It will be interesting to hear about Next's current trading at tomorrows results.

[sparky333] 18/3/2020 11:54

What are you trying to say ? Of course trade will be impacted that's why ASOS has fallen from £30 to £10.

[darrin1471] 18/3/2020 11:36

I own/run a few small internet shops mainly selling clothes and footwear. I sell on eBay, Amazon and directly.
Sales of clothing and footwear are significantly down this week. Amazon sales are up but these are non-clothing items.
eBay provides me with basic sales information in categories compared to other eBay sellers.
Men's and ladies clothing sales for other eBay sellers selling in similar categories looks down by about 20% compared to sales 12 months ago. The information provided by eBay does not say if this is a daily, weekly or monthly comparison and does jump around quite a bit depending upon the weather and with the timing of holidays like Easter.
Staff will have inside information if the same is happening at ASOS

[christh] 18/3/2020 09:19

FINANCIAL CALENDAR
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Date................Event
07/04/2020 Interim Results


SEE LAST RESULTS Final Results for the year to 31 August 2019

[wall street trader] 18/3/2020 08:42

Everyone seems to think it will bounce because it always does - I remember that from the .dotcom crash in 2000 - everyone was loading up on the way down and most shares lost 90% in that sector and a lot went bust - we are not in that scenario I don't think here but it's best to display some caution - small positions only for me

[itsnotmeitsy0u] 18/3/2020 08:22

agreed - was very tempted yesterday but thankfully held off

[wall street trader] 18/3/2020 08:18

Am being ultra cautious - saving my powder for that big turnaround day and agree not sure we are here yet but do want to have some small exposure at these prices

[itsnotmeitsy0u] 18/3/2020 08:12

hate to say it but can see at least another 30% drop here...

[wall street trader] 18/3/2020 08:03

slow getting started looking at the futures in the Dow we need 20,0000 to hold today - batten down the hatches everyone

[junior21] 17/3/2020 23:08

Thanks christh

[telbap] 17/3/2020 22:18

LOL!! Christh same on every BB..

[croasdalelfc] 17/3/2020 21:32

84m is total shares in issue

[fozzyb] 17/3/2020 21:28

People seem to forget despite sharp falls markets in US are higher than when trump came to office 3 years ago. Markets will jump up and down but I would say Dow still has a lump to come off it. Has market really priced in global recession of this magnitude? So wait for bottom and then buy. Do we know for certainty that ASOS deliveries can take place in 1-6m time? See Italy news and postmen now passing away

[christh] 17/3/2020 21:01

Junior
The institution sold 84 million shares and triggered automated sells which we saw the fall.
The institution (Allianze) needed money to reinvest in Germany so it reduced its holding .
See the Rns today.

The company is doing well and has not commented
as the institution had the right to sell.
All back to normal tomorrow

Gla

[junior21] 17/3/2020 20:37

Why is this falling so much? Genuine question. The debt is relatively small but I note is only a revolving credit facility which appears to have a one month notice period. They were looking to draw upon more of this over the coming year. Could there be issues with that?

I'm getting tempted at this price but want to rule out something more sinister than their customer base being disrupted for a few months.

[wall street trader] 17/3/2020 20:06

Spot on we are thinking the same way

[alex1621] 17/3/2020 19:54

The problem is that markets are driven by newsflow ... the US is testing now, and the numbers will rise exponentially ... the UK will increase greatly over the next few weeks ... I can't help thinking that these events will overshadow the stimulus packages ... as will the various updates from companies in the months to come. This will come to an end I believe when we get past the peak, and start to see new cases fall.

[stockhunters] 17/3/2020 18:37

huge move after hours on us markets, bounce tomorrow