Asos Share Discussion Threads

[fuji99] 28/8/2022 08:33

One has also to take into account that for each profit warning in the sector, ASC share price has to additionally suffer.

[tomboyb] 27/8/2022 18:32

Don't think it will go bust -

However, I think there will be a lot of pressure on ASOS as well as other retailers -

With the energy crisis, some smaller businesses have declared bankruptcy before anything has happened. There will be quite a few that will go under in the upcoming months -

As a caveat, look at your own areas and see what businesses are closing -

[lodgeview] 27/8/2022 18:19

I think ASC will go bust. Don't know when but suspect sometime this year.

[jackson83] 26/8/2022 17:16

I took a few today at 698p will add more if we see 500p

[fuji99] 26/8/2022 14:44

There are still people believing that without growth, share price can still go up. Many also never experienced how is a long bear market. This is exactly what's happening a long term ascendant chart with small dead cat bounce blips on the way down. Where on earth one can see a hint of optimism in almost every sector ? IMO the best way is to remain in cash for the time being. Each pence dropped is an indirect profit in any stock. This is another way of making money. Otherwise once trapped there is no way out unless you bite the bullet and get out with a loss. Someone will mention "the long term". IMO with geopolitical uncertainty, there is no long term investment anymore.

[onetomany] 26/8/2022 14:38

Next major support is 500p. Expect within one month

[asusasus] 26/8/2022 11:36

Been monitoring this for a while. It is going down every day! Is it dead?

[one_frankel] 26/8/2022 11:24

No but I'll reiterate again for the 'Common' English sc_um that is Ste2000, some of us dont envisage the road to riches with some utter tripe of a company called THG hehe!

[tomboyb] 26/8/2022 11:22

Its that lack of visibility in the macro environment that will cause serious problems and repercussions for retailers -

There were problems before, so this just makes it worse -

The one caveat that could provide "some" relief is if the government intervenes with an energy package -

[ukneonboy] 26/8/2022 11:17

AS CONSUMER SPENDING DROPS, CITY BRACED FOR MORE PROFIT WARNINGS FROM RETAILERS.
================================================================================

OFGEM, the regulator for Gas & Electricity suppliers within the the United Kingdom has today announced it's latest Energy price cap of £3,549

This represents a staggering 80% increase on the current UK energy price cap and comes into effect on 1st October 2022.

20 Million households in the UK will now have to pay substantially more for their energy usage.

Retail analysts at A J Bell (Stockbrokers) warned that the knock-on effect will see households being forced to cut back on spending and this is likely to trigger more Profit Warnings from retailers.

[jgandolfi1] 26/8/2022 09:21

ASC | ASOS

Aug 23
Consensus forecasts updated
The consensus outlook for 2022 has been updated.

2022 EPS estimate fell from UK£0.09 to UK£0.02 per share.
Revenue forecast steady at UK£4.05b.
Net income forecast to shrink 19% next year vs 4.0% growth forecast for Online Retail industry in the United Kingdom .
Consensus price target broadly unchanged at UK£15.44.
Share price fell 23% to UK£7.37 over the past week.

[dealy] 26/8/2022 08:22

Short bakeries because there will be no money for bread... talk about hysteria

[one_frankel] 26/8/2022 08:18

Some must really enjoy trolling others hey Ste2000 but take little notice of this 'Common' English sc_um folks whose unfortunately from Hull and still seething from his investment into THG, oops!

[factsandfigures] 26/8/2022 07:33

MORE BAD NEWS FOR CLOTHES RETAILERS
===================================

A new Energy price cap of £3,549 has just been announced by OFGEM, the energy regulator, an 80% rise on the current energy price cap.

The latest Energy price cap comes into effect on 1 October 2022 and will determine how much 24 million households will pay for their energy.

With more money having to be spent on Gas and Electricity, spending on new clothing will inevitably fall.

[one_frankel] 25/8/2022 17:55

What many are failing to see here is that with such strength in the dollar makes UK growth SMEs highly inviting for willing US suitors especially the vultures that are PE and yes of course market conditions in the global economy continue to worsen but thats not where the potential resides with investing in such companies presently and whose valuations have been so adversely affected by factors outside of their control...

So its not unwise to build relative positions just for the prospect of T/O here folks!

[tomboyb] 25/8/2022 14:04

Conversely for asos -

[tomboyb] 25/8/2022 12:19

The problem you have is if the energy crisis is prolonged and we have to find a new way of doing things -

We are just in the beginnings of it before winter hits -

If gas / elec bill go up 80% in Oct and a further 20% in Jan that will kill off and bankrupt businesses -

Some small businesses have bills 4x its initial costs before the crisis -

[velocytongo] 25/8/2022 11:14

i was bit surprised by the market reaction to matt dunn leaving. you rarely want a bean counter running a fashion biz. expect more investment in growth and the abandoning of eps targets in the short term as they fix some of the bottlenecks and grow the us biz.

if you can look thru the energy crisis, then this will do well.

we are possibly at peak energy fear. there are no good options for putin in ukraine and clearly he is unable to move to mass conscription, which indicates a lack of popular support for his "special operation" that has resulted in 80k deaths/wounded/desertions.

i doubt it will hit £50 for some time, though.

[melegramforttongo] 25/8/2022 10:07

CINE CONTAGION

[swinsco] 25/8/2022 10:01

This is doomed.

[tomboyb] 25/8/2022 09:38

Problem with retail, online or not is the sentiment and visibility over the course of the next 6-12months -

You have to get buyers to buy the stock -

[lodgeview] 25/8/2022 09:34

ASC are going bust