Asos Share Discussion Threads

[fuji99] 05/9/2022 11:01

I cannot see what can move a share price up under actual conditions rather than a takeover bid.
The downturn has already started a while ago. The only unknown is the extend of the deterioration especially if the Ukraine/Russia conflict is still on-going and, out of the blue, China puts an embargo on Taiwan (holding 61% of the world semi conductor production - used almost everywhere) - or even invading it ! That will be a second conflict between the 3 most powerful military powers in the world. The recessions we used to have were not linked to geopolitical issues. They were part of an economic cycle and resolve with time as soon as growth is anticipated. Today we are in another dimension and IMO it is a bit difficult to extrapolate any future outcome from what happened before. As a result, I feel next Christmas will be one of the worst we ever had as people will buy less and many retailers will go under the floor. This alone, will hurt the markets further. Then comes 2023 with its new unknowns and possibly severe market corrections. A long bear market is shaping up.

[one_frankel] 05/9/2022 10:21

With everything thats going on in the world economy, it certainly looks like it doesn't it hehe!

...And you ain't seen nothing yet my dear friend, 'Lower Lows' are coming in the months ahead and the only real value that remains for an investor here is for potential US T/0 with such strength in the dollar so you pays your money, you takes your chance!

[dealy] 05/9/2022 10:00

a tough few months ahead for sure but the UK consumer will have the means to spend. Meanwhile companies will get rid of excess costs. Hysteria peak is here now

[factsandfigures] 05/9/2022 09:49

Evidence is mounting that the UK's cost of living crisis is taking a toll on retailers. ASOS plc has been privately warning City analysts that pre-tax profits for the financial year just ended, will be towards the bottom end of the £20 Million to £60 Million range it gave out back in June.

This represents a massive FALL on ASOS's previous profit forecast of between £110 Million and £140 Million.

ASOS also indicated that total annual sales for 2022/23 were likely to fall well below consensus forecasts, leading one City analyst to say he was "slightly uneasy" at the way ASOS was managing expectations.


THAT SOUNDS LIKE A "STRONG SELL" RECOMMENDATION

[one_frankel] 05/9/2022 09:44

I wouldn't call clothes discretionary items would you!...And who said anything about retail going bankrupt but they're in for some incredibly challenging times ahead and your analogies are all but senseless!

[dealy] 05/9/2022 09:35

You are implying that all companies serving the consumer for discretionary goods will go bankrupt. Does that include Premier League football clubs and airlines?

[bulltradept] 05/9/2022 09:24

Further lows to come. Back to pre break out levels, value destruction will be something to be hold.

[one_frankel] 05/9/2022 09:22

Have you seen how indebted the country is post Covid albeit with continuing aggressive fiscal policy to tame inflation and with plans of reduced tax rates hoping to assist in the living crisis which will only stoke the fire that is inflation even further, so how do you expect the UK government to replenish its coffers Dealy?

...You my dear friend are utterly deluded and shouldn't be investing period, if for nothing else your sanity!

[dealy] 05/9/2022 08:38

No news today

[ny boy] 05/9/2022 08:15

Obviously this is the reason for the falls lol


ASOS in hot water after fuming mum slams retailer for sending son 'poo-stained shorts' in post

[jackson83] 05/9/2022 08:07

wait for 500p top up

[melegramforttongo] 05/9/2022 07:42

dealy5 Sep '22 - 08:33 - 17981 of 17982
0 0 0
company should make a statement regarding any rumours that affect its share price


👆🏿👆🏿8070;🏿

Oh ffs do shut up silly boy .
The price goes down and dealy wants an RNS .
Should the company also give an RNS when the price rises upon “ rumours “ .

Crying dealy wants an RNS when he looks silly on the internet because of previous predictions.

Best idea mate :- stop making silly emotional predictions because you have lost heavily .

The market owes you nothing .

[dealy] 05/9/2022 07:39

The government cannot allow such an event to occur because of the risk of job losses. Also businesses will take pre emptive action and fire workers in advance

[fuji99] 05/9/2022 07:36

I cannot believe they can release some key figures before an official update of the market. Regardless, why and how people will buy if things are getting worse ? Any excess money will be just saved in such hard times. So the next Christmas will probably be the worst in the history of British Retail and high street.

[dealy] 05/9/2022 07:33

company should make a statement regarding any rumours that affect its share price

[buy2sell1] 05/9/2022 06:26

Sounds like a PROFIT WARNING, looks like a PROFIT WARNING then it is a PROFIT WARNING
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The smart money and the fast money will be out of ASOS "early doors" just as soon as the market resumes trading !!

[onetomany] 04/9/2022 19:32

I'm looking to by around 400p

[dealy] 04/9/2022 18:34

What, there was no "evidence" before? Red the papers! No surprise. The stock is currently 1/6 of its year high. It has fallen 30% in the last 6 weeks. And you think you're Sherlock Holmes? It's already at Armegeddon rock bottom

[factsandfigures] 04/9/2022 17:52

For anyone that missed this earlier :



Evidence is mounting that the UK's cost of living crisis is taking a toll on retailers. ASOS plc has been privately warning City analysts that pre-tax profits for the financial year just ended, will be towards the bottom end of the £20 Million to £60 Million range it gave out back in June.

This represents a massive FALL on ASOS's previous profit forecast of between £110 Million and £140 Million.

ASOS also indicated that total annual sales for 2022/23 were likely to fall well below consensus forecasts, leading one City analyst to say he was "slightly uneasy" at the way ASOS was managing expectations.


THAT SOUNDS LIKE A "STRONG SELL" RECOMMENDATION

[dealy] 04/9/2022 17:23

Germany dishing out another 65 billion euro to its citizens so they can eat and buy clothes. Same thing will happen in UK next week. Bread and water economy on hold. Big rally in retail stocks likely

[buy2sell1] 04/9/2022 16:15

Unbelievable the DIPSTICK (above) is still trying to argue that BLACK is WHITE !!

and as usual, he's still WRONG.

as for the housing analogy, its clothing not houses that are being offered for sale by ASOS.


It seems you are an expert on failure............ The Hut Group, ASOS, Boohoo, Capita, Deliveroo, Bowleven

[dealy] 04/9/2022 15:50

if you buy a house and the house needs a new roof then the income in that year is probably negative. so what is the value of the house? zero? of course not. it's the sum of all future cash flows discounted at the cost of capital. same thing for a company

[buy2sell1] 04/9/2022 15:29

Sounds like a PROFIT WARNING, looks like a PROFIT WARNING then it is a PROFIT WARNING
=====================================================================================



The smart money and the fast money will be out of ASOS "early doors" tomorrow just as soon as the market resumes trading !!