Asos Share Discussion Threads

[peteret] 26/4/2020 11:59

Boo hoo didn't release 15 million more shares at £15.60 each to all their big investors who are now selling for a huge profit and bringing the price down.Read the placing rns

[umitw] 24/4/2020 11:42

Retail sales slumped 5.1% in March from February, versus expectations for a 4% fall. On the year, retail sales were down 5.8% against expectations of a 4.7% drop.Clothing sales were hit particularly badly, sliding 34.8% on the month, while food stores saw the strongest rate of growth on record last month, up 10.4% as people stockpiled ahead of the lockdown.The government lockdown forcing non-essential stores to close was implemented from 23 March.Rhian Murphy, head of retail sales at the ONS, said: "Retail sales saw their biggest monthly fall since records began over 30 years ago with large declines in clothing and fuel, only partially offset by strong food sales."Online-only retailers saw strong growth though, with many high street stores also unsurprisingly seeing a boost to web sales."

[farrugia] 23/4/2020 21:39

how come boohoo are performing so much better? are their margins better?

[hosede] 23/4/2020 20:57

Porsche
"Got to wonder whether the whole online fashion thing worldwide had its moment in the sun some time ago"
yes - Heading back to the 1930's or worse. Just something to cover yourself

[sagar424] 23/4/2020 14:40

Summer collection won't sell much as people can't go out. When the situation gets better, every store will have large stocks of summer collection which is going to decrease margins and force heavy discounting in order to compete. I suspect profits wont be great, stock value should go down in the short/ medium term but rise back to £40-£50 in the long term

[peteret] 23/4/2020 13:55

Read my 16128 post.That's the only reason this is going down.

[hosede] 23/4/2020 13:47

At the moment, but estimates are that the govt. will have to borrow ca. £500billion - that works out at about £30k for every family of four - and it's going to take a lot of paying back. Also the young people who like to buy these clothes are likely to bear the brunt of the coming unemployment. If they do have a job and live at home they will have to contribute to the family finances far more than in the past.

[rogthepodge] 23/4/2020 13:09

I have heard that people are bored at home and buying stuff! They can't go out to the shops, so it's Amazon, ebay etc.

[hosede] 23/4/2020 12:49

I'm afraid that once this is "all over" very few people will have money to spend on anything other than food, utilities and rent - you can't easily do without those.
You CAN manage without new clothes - back to darning socks and patching elbows.
Still nothing like as overvalued as BOOHOO

[computercoders] 23/4/2020 12:20

Yes looks like it

[peteret] 23/4/2020 12:14

Looks like this will go down to 15.60 before they stop selling.

[s34icknote] 22/4/2020 09:42

The rns was to create a ceiling on the price institutions paid and dodgy directors !!!Corruption springs to mind . They paid the closing price on the day !Remember zoo price doubling in one day and finishing unchanged because directors wanted to pay half the amount !!!Too much of this goes on and nothing is done about it .Sicknote

[umitw] 22/4/2020 09:29

Oasis is in administration.

[rogthepodge] 21/4/2020 22:11

They're out with substantial losses. Then they went long oil?

[kaisersuzae] 21/4/2020 21:03

Shortstracker now below 1%

[peteret] 21/4/2020 15:33

15 million shares at a price of 15.60 were recently sold to the big investors with not a chance for us pi's.They are now selling them for easy profit.As well as the management selling for massive gains.On the day of the placing the shares rose continuously throughout the day until suddenly there was a rnsIf that's not insider trading I don't know what is.It should be looked in to.

[ny boy] 21/4/2020 14:02

As I bought my first purchase at 1210p, that doesn’t bother me, I will just add more, my time frame is 2-5 years, I see ASC doing very well once the economies are open for business again, COVID, is a temporary disruption only.

[sagar424] 21/4/2020 12:20

Likely to dip to 1500, due to uncertainly. £21m sold at 2100 on 14/04/2020 but no executive director.

[ny boy] 21/4/2020 11:00

Primark sales have gone from £650M a month to ZERO

Got to be good news for online ASOS + all the other high street multiples going belly up, music to ASOS’s ears.

ASOS recently and successfully had a £247 Million placing, so very well placed to survive and thrive and gobble up any minor competition, if necessary

Good long term play imo add on decent pull backs but dyor as usual

[umitw] 21/4/2020 08:31

No company has any news in these unpredictable times!

[jamesto2] 21/4/2020 07:43

without news expect a this to trade in the 1500p - 1900p range.

[jackson83] 20/4/2020 22:47

this will head to 2000p or lower quite soon IMHO