Asos Share Discussion Threads

[melegramforttongo] 28/6/2022 16:25

Millstone - you know that the VOR guys have called this right all the way.

You know that you have lost .

[millennialinvestor] 28/6/2022 16:08

Flashing warning signs and Plus1 Posts = buy even more

[dissentingvoices] 28/6/2022 07:57

LATEST "SHORT SELLING" DISCLOSURES FOR ASOS PLC
===============================================

AHL Partners LLP 0.60% 4 May 2022

BlackRock 0.71% 22 Jun 2022

GLG Partners LP 0.57% 13 May 2022

Hudson River Trading Ltd 0.50% 22 Jun 2022

Marble Bar Asset Man LLP 0.90% 21 Jun 2022

Marshall Wace LLP 2.70% 21 Jun 2022

Systematica Investments Ltd 0.60% 13 Jun 2022

WorldQuant LLC 0.71% 23 Jun 2022

Total 7.29%

[jackson83] 28/6/2022 01:48

sorry I mean £4

[jackson83] 28/6/2022 01:30

wait for £5 lads

[millennialinvestor] 27/6/2022 12:04

derampers in full swing = buy more

[factsandfigures] 27/6/2022 11:02

In economic news, official figures released earlier showed UK retail sales falling in May, as households cut spending on food amid the cost-of-living crisis.

Retail sales were DOWN 0.5% in May following a 0.4% increase in April, which was revised down from 1.4% growth.

The fall is partly attributable to a 1.6% decline in food store sales, and left sales volumes a paltry 2.6% above their pre-Covid level.

Heather Bovill from the Office for National Statistics (O.N.S) warned:

“Retail sales FELL sharply in May driven by a sizeable fall in consumer spending.”

“Feedback from supermarkets CONFIRMED every household is spending less on their food shop, because of the rising cost of living.”

The latest survey conducted by GfK showed that UK consumer confidence fell to a historic low in June as soaring inflation and the weakening economic outlook hurt all retailers.

[dissentingvoices] 27/6/2022 08:47

More flight cancellations means more holiday cancellations

resulting in more returns for ASOS plc

[wolfofhounslow] 24/6/2022 16:49

And share price still blue.....Go back to boohoo

[dissentingvoices] 24/6/2022 16:46

Zalando profit warning sends shivers through online fashion retailers
==================================================================================

Shares in Zalando plunged by almost a fifth today after Europe’s largest online fashion retailer slashed its outlook for the year as consumers retrench amid deepening recession fears.

The Berlin-based company warned that revenues may not increase at all this year following a much weaker than expected second quarter, an abrupt reversal from just four months ago when Zalando forecast growth of 12 to 19 per cent.

In a bleak warning issued after markets closed on Thursday, Zalando said that “management now expects macroeconomic challenges to be longer lasting and more intense than previously anticipated.” Its hopes of a “rebound in consumer confidence in the short-term,” had been dashed, the group added.

The acknowledgment from Zalando, which was among the beneficiaries as the pandemic forced more shoppers online over the past two years, is one of the starkest signs yet of the toll higher inflation is taking on consumers.

While Zalando still expects to be profitable, its predicament is a sharp contrast to the benign backdrop it has enjoyed since going public in Frankfurt in 2014.

Since its listing in Frankfurt, Zalando had trumpeted its annual revenue growth of 25 per cent. Last year, buoyed by the pandemic, its revenues surged 30 per cent.

However, even before Thursday’s warning, Zalando’s shares been under pressure, making it the worst performing member of Germany’s Dax 40 blue-chip index, as investors anticipated that shopping habits adopted during the pandemic may not last.

Today's share price fall takes Zalando below its 2014 IPO price of €21.50.

[wolfofhounslow] 24/6/2022 15:24

That would be amazing if true...

[justiceforthemany] 24/6/2022 15:16

Ukraine pulling troops out of Donetsk.
Jim Cramer on CNBC says there are strong and credible reports of Zelensky ready to concede part of Eastern Ukraine in exchange for a ceasefire. Commodities have been falling hard, perhaps for this reason with more to come. In which case inflation has peaked.
Game changer for markets.

[cirlbunting1] 23/6/2022 13:36

Thankfully thats not their target market (20 somethings are).

Wolf thats my minimum & thats a 70% premium. We have to be a bit realistic

[cottlet] 23/6/2022 12:23

I dont think the freshmen going to uni in September/october are going to save ASC.....

[wolfofhounslow] 23/6/2022 08:25

Sell the business for 1.5b...you must be having a laugh....Revenues at 4b and should grow as weak players disappear

[cirlbunting1] 23/6/2022 08:20

Perhaps it may provide a relief in oil, but i dont know. War is background noise for me atm & i think it will cont. to be regardless of when it ends. Inflation is key. If we start to see inflation decrease - the market will assume lower input costs & we might potentially see a turnaround. If not - I could potentially see a takeover at £1.5bn+. Synergies/customer reach would be something crossing most peoples minds.

[wolfofhounslow] 23/6/2022 08:08

Any news re desclation on the war and this would jump back to 2000p....

[cirlbunting1] 22/6/2022 22:45

Think theres been an overreaction to this stock. The story is no longer being bought/people are fed up. I get it. Although people forget - ASC has been around for 2 crashes (GFC & dotcom) & survived arguably much worse economic climates. I think ASC will cont. to be around. I still believe profits are secondary. I think the #1 priority here has to be to make asos designs the #1 brand. After that - everything else will fall into place. You would hope.

[wolfofhounslow] 22/6/2022 16:39

Decent close on a day when markets were red.....

[jackson83] 22/6/2022 13:57

this was 3p in 2003 so maybe we see 100p again or lower

[jackson83] 22/6/2022 13:55

maybe wait to top up at 500p soon

[fuji99] 22/6/2022 13:45

I will hold for the long term only (minimum 5 years) - but not buying anymore. I agree that inflation may persist and nobody can predict what the FED will trigger for the US economy if interest rates are raised aggressively. In any case if things stay as they are (high inflation) and the dragging Ukraine/Russia conflict is not resolved, nobody can predict if it will escalate further. When we couple all these war uncertainties with inflation/purchasing powers, we could get stuck in a bear market for a few years (2 years). So for the long termers it will come good as soon as things get better. For the short term investors they could be in for a bumpy cycle. Of course this is my own opinion and DYOR.

[buy2sell1] 22/6/2022 08:18

NOBODY can accurately "factor in" how bad the recession will be, even the Bank of England can only guess at how bad it's going to get by Xmas.

Rising interest rates WILL hit consumer spending.

Households will inevitably focus on Eating, Heating and the keeping the roof above their heads.

Buying "new" clothes and other Boohoo tat will NOT be high priority for most households.

In the case of Boohoo PLC and ASOS PLC - BEWARE OF THE DEAD CAT BOUNCE !!!

[factsandfigures] 22/6/2022 07:41

UK inflation, the rate at which prices rise, edged up to 9.1% in the 12 months to May, up from 9% in April, the Office for National Statistics (ONS) said.

Prices are continuing to rise at their fastest rate for 40 years as petrol, energy and food costs continue to climb.

Inflation is now at the highest level since March 1982, when it stood at at the same level and it will get much worse as the Bank of England has warned inflation will reach 11% later this year.

Expect more rises in interest rates and expect consumer spending to fall, as households cut back on non-essential spending like new clothes !!!