Asos Share Discussion Threads

[jackson83] 03/4/2020 16:16

lets hope £5 holds after the trading news ... more shorts now open

[darrin1471] 03/4/2020 15:41

"Asos has reportedly informed almost all of its employees on fixed-term contracts that it will be ending their agreements early, due to the coronavirus pandemic.
According to Drapers, all its staff affected – including head office and other business functions – have been given notice."

hxxps://www.retailgazette.co.uk/blog/2020/04/coronavirus-asos-ends-fixed-term-contracts-early/

26/03/2020
"Asos has reportedly halted all incoming deliveries from suppliers and third-party brands to make time for adjustments and manage stock amid the coronavirus pandemic.

According to Drapers, the online retailer is consequently refusing shipments for spring 20 orders from several third-party brands and suppliers.

However, Asos said it was continuing to serve its customer deliveries as usual, and in a bid to appeal to a larger audience, the retailer is offering a 20 per cent discount through its app.

hxxps://www.retailgazette.co.uk/blog/2020/03/coronavirus-asos-halts-supplier-deliveries-to-manage-stock-levels/

[greco600] 03/4/2020 14:50

And other one is in Germany, I think all 3 will be ok.Just alot of fear taking share price down currently. Sit back and wait I'd say :)

[rogthepodge] 03/4/2020 14:48

possibly the European distribution centre will be closed? in which case goods can be shipped from the others

[rogthepodge] 03/4/2020 14:47

we are still allowing planes to land with no checks

[rogthepodge] 03/4/2020 14:46

they have 3 distribution centres
which one do you mean bbmsi?
and U.K. and U.S. governments seem to want us to acquire herd immunity!

[bbmsionlypostafter] 03/4/2020 14:38

684 new C19 deaths announced. Question of when, not if, ASC, Amazon & all mail order will be closed down.

[bbmsionlypostafter] 03/4/2020 14:32

The day they close the warehouse this will be down 300p.

[rogthepodge] 03/4/2020 14:28

formed a nice bottom

[rogthepodge] 03/4/2020 14:06

looks like someone still holds a short position!

[joe king1] 03/4/2020 13:43

Sub 1000p soon, worth a punt maybe 500p, or less if they shut the stores.

[bbmsionlypostafter] 03/4/2020 13:38

LOLS!!! Good to see you are still an idiot.

How much have you lost on Quindell, Slater & Gordon, Purplebricks, Redde & ASC? The greatest contra indicator bar none on ADVFN.

rogthepodge
3 Apr '20 - 12:59 - 15851 of 15853
0 0 1
have a look at the chart. This is a clear long, not a short!

[rogthepodge] 03/4/2020 12:59

have a look at the chart. This is a clear long, not a short!

[ltcm1] 03/4/2020 12:55

I know the Unions were very unhappy about it, they might even seek a court injunction.

[bbmsionlypostafter] 03/4/2020 11:44

Why is the warehouse still open? Surely that's going to change.

[ltcm1] 03/4/2020 11:26

The thing that concerns me about ASOS is they never seem to make any money. Over the years it has always been excuse after excuse with them.

Now the workers at Barnsley are saying the warehouse isn't safe and even a manager said they had little CV awareness.

ASOS is a serial missstepper.

[greco600] 02/4/2020 20:18

You reckon??Are you shorting this company currently?I'm long and vert much doubt it will b red on Tuesday.

[jackson83] 02/4/2020 19:41

should be able to top up then below £10 again.

[greco600] 02/4/2020 18:23

Tuesday 7th

[greco600] 02/4/2020 18:22

It's Tuesday 7th

[hosede] 02/4/2020 17:20

Rog
Forewarned is forearmed.
Always remember (a bit like bad weather) there's no such thing as a Bear Market - merely inappropriate clothes/investments.
Porsche
Sorry the virus is just a trigger. The same would have happened anyway but maybe not quite yet
ASC is a corpse now - very little left for shorters to get their teeth into - whereas in the US there are still whole hoardes of shares that could (and almost certainly will) fall 95 % and still be overvalued. Masses of money to be made
staying alive more of a problem :-)

[olivert] 02/4/2020 16:48

MMs took the share price up over £12 at 1pm and took it back down in the last 3.5 hours.

On Results Day next Wednesday (8th April) let's see the MMs try to keep the share price below £11.60. The final share price today :):)