Asos Share Discussion Threads

[jgandolfi1] 17/8/2022 15:03

asos control 35% of the market in the UK and only 3% of the US, 65% of revenue came from UK and 17 from the US ( only has 3% of the market and gets 17% of revenue ) US is bigger, ASOS is a baby in the US and can grow up very fast

[kemche] 17/8/2022 14:10

I is buys 600k. So if she is goes ups then I is riches.

[jgandolfi1] 17/8/2022 14:05

I bought 50K now for 881, now just be patient if she goes back to 2000 in 5 years I will have earned 20% per year.

[factsandfigures] 17/8/2022 13:47

UK INFLATION PUSHES UP PRICES TO A 40 YEAR HIGH AS CONSUMER SPENDING FALLS
==========================================================================



Soaring living costs are biting into household budgets, with prices rising faster than wages.

In the 12 months to July 2022, UK inflation hit 10.1% up from 9.4% in June 2022, the Office for National Statistics (ONS) said.

The Bank of England has warned that UK inflation will peak at more than 13% later this year.

Rising household energy bills, rising food prices and higher petrol prices have all contributed to inflation.

Fact: ASOS CUSTOMERS DON'T HAVE ANY SPARE MONEY TO SPEND ON NEW CLOTHES !!

[kemche] 17/8/2022 13:46

Grow in us dollar bicos no carr is inflation or no. Piples is stil buys clotheses. How is travels nows if no clotheses????? Bicos is buys asos clotheses now is why! But buy and cry and bye is whys.

[ny boy] 17/8/2022 13:30

Holding these 850-900 area, two chunks but must admit the price action has disappointed so far, dead cat bounce to 1200p, not looking good over the short term n it not planning to add unless we see 500p later this year, recession looming, property prices dropping, unemployment rising later this year, inflation could top 12% later, Sentance is way behind the curve, rates will need to rise to well over 4%, more like 6% imo

[jgandolfi1] 17/8/2022 13:29

People are travel more. How travel is the same level was before pandemic? People cry a lot but keeping buy. Try say to your spouse or children not buy clothes because of inflation. People do no carr they will buy and cry and buy. Asos are grow in US and dollar is more strong now this can be good for asos

[fuji99] 17/8/2022 12:06

The logical question one should ask is this: How people can afford to buy clothes if they are struggling to feed themselves, pay their rent and their electricity and gas bills - While inflation is still going up and at all time high ? - - -

[niklol] 17/8/2022 10:20

Thanks.
Interesting.
Anyone hold Frasers shares? Have been thinking of buying but not done so yet. Any opinions please?

[inv4890] 16/8/2022 14:18

Mike Ashley Increases stake in ASOS - Mike Ashley, owner of Frasers / Sports direct has increased his stake in ASOS over the past month from 1% to 2.91%, taking it just below the threshold for announcing holdings.

The shares are held through MASH Holdings his investment vehicle.

Note - he does not hold shares in Boohoo

[wolfofhounslow] 12/8/2022 11:33

Buy and come back in 12 months Easy double if not more

[millennialinvestor] 12/8/2022 11:14

buy signals.

[factsandfigures] 12/8/2022 10:57

MORE BAD NEWS FOR CLOTHING RETAILERS
======================================

Data from the Office for National Statistics show that the UK economy shrank between April and June.

This is confirmation that a full blown, prolonged recession is not far away as the economy contracted by 0.1% in the second quarter of the year.

That contrasts badly to the first three months of this year when Gross Domestic Product (GDP) grew.

The Bank of England has already forecast that the UK will fall into recession towards the end of this year and the downturn will last for the entirety of 2023.

[wall street trader] 09/8/2022 15:49

that's a buy then

[factsandfigures] 09/8/2022 13:27

More BAD NEWS for ASOS PLC and for consumer spending !!!
=========================================================




ENERGY BILLS FORECAST TO HIT £4,200 A YEAR IN JANUARY
------------------------------------------------------

Energy bills for a typical household could hit £4,266 next year, consultancy Cornwall Insight has warned.

The higher estimate means the average household would be paying £355 a month, instead of £164 a month currently.

Cornwall cited regulator Ofgem's decision to change the price cap very three months instead of six and higher wholesale prices for its high forecast.

But Ofgem said no forecast for next year could be "robust" at this stage and had "limited value".

The latest price cap - the maximum amount suppliers can charge customers for average energy usage in England, Scotland and Wales for October - is due to be announced at the end of this month.


FACT: ASOS CUSTOMER BASE WON'T HAVE ANY MONEY TO SPEND ON NEW CLOTHES

[dillydally2] 09/8/2022 12:12

Nt to sell

[sbb1x] 09/8/2022 12:05

Up she goes

[sbb1x] 09/8/2022 12:01

Tine for this to bounce

[sbb1x] 09/8/2022 12:00

In the buy zone

[factsandfigures] 05/8/2022 08:06

MORE BAD NEWS FOR FAST FASHION RETAILERS
========================================



The Bank of England has warned the UK will fall into recession as it raised interest rates by the most in 27 years.

The economy is forecast to shrink in the last three months of this year and keep shrinking until the end of 2023.

Interest rates rose to 1.75% as the Bank battles to stem soaring prices, with inflation now set to hit over 13%.

Governor Andrew Bailey said he knew the cost of living squeeze was difficult but if it didn't raise interest rates it would get "even worse".

The main reason for high inflation and low growth is soaring energy bills, driven by Russia's invasion of Ukraine.

A typical household will be paying almost £300 a month for their energy by October, the Bank warned.

The expected recession would be the longest downturn since 2008, when the UK banking system faced collapse, bringing lending to a halt.

[fuji99] 04/8/2022 14:48

My only problem is that all indicators are negative everywhere. From high inflation and interest rates to recession in the UK starting this year(according to the BoE todays announcement). IMO it is a bit risky to commit more funds this year in any sector. I will not add anything into my portfolio until things start clarifying next year. With Russia/Ukraine and now China/Taiwan, it is almost impossible for the markets to remain where they are today. Staying out means we could pick up all good stocks cheaper with sometimes 50% lower than what they are this year. So I am very light at present and will remain so for all this year. We can easily find ourselves in a severe bear market for a few years if China/Taiwan - where most of the manufacturing/microchips etc. is located - add to the equation. it's a matter of time before a bear market sets in. The trigger could be China/Taiwan worsening relationship. Another war on the US/West shoulders ...