Asos Share Discussion Threads

[dissentingvoices] 28/4/2022 07:33

It's not rocket science and you certainly don't need a University Degree in Economics to realise ASOS PLC is in deep trouble.

Rising Inflation + Household Incomes getting squeezed = Consumers Spending Less

[factsandfigures] 28/4/2022 07:08

POOR RETAIL SALES DATA SIGNALS MORE TROUBLE FOR ASOS PLC.
=========================================================

Data from the latest CBI Distributive Trades survey showed UK retail sales struggling in April, as the cost of living crisis saw consumers cut back and rein in their spending.

According to the latest data, sales volumes tumbled by CONSIDERABLY more than expected, to MINUS 35 in the year to April.

Economists had been expecting a balance of around MINUS 5.

Retail sales were seen as particularly poor for the time of year, with a balance of MINUS 24 in April compared to MINUS 23 in March, while orders placed with suppliers was also down, at MINUS 7 compared to PLUS 3 in March.

INTERNET SALES VOLUMES CONTINUED TO FALL IN THE YEAR TO APRIL, AT MINUS 36, THOUGH AT A SLIGHTLY SLOWER PACE THAN THE MINUS 46 RECORDED IN MARCH.

Economist Martin Sartorius from the C.B.I commented:
“Retail sales were well below seasonal norms in April, and rising UK inflation means that the cost of the living crisis is NOT ending anytime soon.”

[jackson83] 27/4/2022 23:01

was 3p in 2003 so even at 300p its a 100 x bagger now

[jackson83] 27/4/2022 19:39

wait fr 400p ... opportunity to SELL & SHORT now

[ny boy] 27/4/2022 16:12

Still not tempted, every time I look it’s got cheaper, could be heading to test the pandemic low around 1000p? Still a safer bet than BOO with its very poor management imo

[knigel] 26/4/2022 21:39

Why not go the whole hog and say 0p ffs (is it £10 or £5 make your mind up)

[jackson83] 26/4/2022 21:34

get ready to top up at 500p soon

[jackson83] 26/4/2022 19:14

opportunity to SHORT to 1000p soon

[technowiz] 26/4/2022 08:16

short squeeze today!

[jackson83] 25/4/2022 20:40

CARRY ON LOL .... SHORTING STILL / MORE BAD NEWS re recession on its way / ASOS overvalued now

[wolfofhounslow] 23/4/2022 12:51

https://www.thetimes.co.uk/article/citadel-reinforces-its-position-in-asos-with-light-on-the-horizon-mqwmzsg3q

[wolfofhounslow] 23/4/2022 12:28

Citadel reinforces its position in Asos with light on the horizon

[kmann] 22/4/2022 16:37

citadel flipped to net long? looks significant @5%

until companies start laying off people and jobless figures start to rise I'd say the issues faced here are just systematic and will work themselves through.

[lse2020] 22/4/2022 15:14

https://en.m.wikipedia.org/wiki/Citadel_LLCCitadel LLC (formerly known as Citadel Investment Group, LLC) is an American multinational hedge fund and financial services company. Founded in 1990 by Kenneth C. Griffin, the company operates two primary businesses: Citadel, one of the largest hedge funds with more than US$38 billion in assets under management (as of August 31, 2021);[3] and Citadel Securities, the largest market maker in stocks, options, and interest rate swaps for retail and institutional clients, handling 40% of the stock trades in the United States.[4][5]

[wolfofhounslow] 22/4/2022 15:11

NameCitadel GP LLCCity of registered office (if applicable)Country of registered office (if applicable)US Name City of registered Country of registered office office Kenneth C. Griffin =================== ====================== Citadel Securities GP Chicago United States LLC =================== ======================

[factsandfigures] 22/4/2022 15:09

COST OF LIVING INCREASES HITS UK RETAILERS
==========================================

The Office for National Statistics has today revealed that sales fell sharply as people cut down on non-essential spending.

Sales of Petrol & Diesel also dropped as people cut down on travel amid record fuel prices.

Retail sales fell by an unexpected 1.4% in the month, and February's sales figures were also revised downwards.

Darren Morgan, ONS director of economic statistics, said "Online sales were hit particularly hard due to lower levels of discretionary spending".



THAT THE "SELL" SIGNAL FOLKS

[jackson83] 22/4/2022 13:31

KEEP SHORTING / SELLING been shorting from 7000p



will we see 1200p or 900p soon

[wolfofhounslow] 22/4/2022 11:47

5% stakeBoom

[wolfofhounslow] 22/4/2022 11:47

NameCitadel GP LLCCity of registered office (if applicable)Country of registered office (if applicable)US Name City of registered Country of registered office office Kenneth C. Griffin =================== ====================== Citadel Securities GP Chicago United States LLC =================== ======================

[factsandfigures] 22/4/2022 11:03

Most ASOS customers do NOT have spare money to waste on new clothes.

[fuji99] 22/4/2022 10:52

The effects are starting to bite: - - - hTps://www.bbc.co.uk/news/business-61157856

[fuji99] 22/4/2022 10:16

We have a situation of catch 22 all over the world. In one hand higher inflation so higher prices caused by shortages of goods in the market due to supply chain bottle necks (Covid related) and now Russia/Ukraine war effects - and in the other hand the only remedy left to central banks is raising interest rates. If interest rates rise mortgages payments will rise, investors will pay more to borrow money - so they will not borrow thus not invest = less jobs created, more redundancies etc. Inflation will drop because people are not spending but there won't be any job creation - economy will stagnate. So no matter what is done, there are too many uncertainties on the whole economy - jobs, food shortages etc. Is this a precursor for a hard and long recession fueled by the Russia/Ukraine conflict which does not look having a solution at all as long as Putin is in charge ? My own conclusion is that people will automatically look to buying cheaper, cut their expenditure, their driving, their holidays, clothes, outings/restaurants/hobbies etc.
Retailers will have to reduce prices to attract buyers meaning margin/profit erosion etc. All this will have a negative effect on share prices for particularly retailers - The share price has to adjust accordingly - unfortunately in the negative direction. IMO it is almost impossible to predict a bottom for the likes of Asos under current geopolitical situation.

[fuji99] 22/4/2022 09:44

Maxi - Any idea on a decent support level as the chart stands ?

[maximus57] 22/4/2022 09:36

Not a very pleasant looking chart over the last year. Only a guess as to when and where it stops going down. Everything looks stacked against it with current economic conditions. But could it tempt suitors at this price? Who knows. Definitely interesting days ahead. I think I'll monitor from the sidelines at the mo

[jackson83] 21/4/2022 20:09

STILL SHORTING from 5000p ... buy back in at 1000p or lower

Recession looms