Asos Share Discussion Threads

[jgandolfi1] 06/9/2022 13:24

In case PM freezing all bills do you think this change?

[ukneonboy] 06/9/2022 12:45

IT'S YET MORE BAD NEWS FOR ASOS PLC
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CONSUMER SPENDING SLOWS DOWN IN AUGUST AS INFLATION BITES
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UK households cut their spending last month amid the looming spike in household energy bills, according to the latest figures from the British Retail Consortium.

Data from the British Retail Consortium working in conjunction with accountants KPMG revealed that sales slowed SIGNIFICANTLY last month, and it was only soaring price rises that kept sales growth in positive territory amid tumbling trading volumes.

The BRC-KPMG retail sales monitor for August revealed that total sales only grew by 1% over the month, compared with 3% over the same month last year.

[melegramforttongo] 06/9/2022 10:29

Hahahahaha

You gotta love the entertainment .

Rockets 🚀 gives them hope and then it fizzles out .

Every time the same guys fall for it ..

“ it’s a new dawn “ they always think ..

It’s the hope that kills them.
The market just toys with them as if they were a herd of cattle 🐄.
They always get slaughtered in the end .


👏👏👏👏
Market makers today .

Thanks for the entertainment.

[amaretto1] 06/9/2022 10:14

Shorts waded in heavy over 7 !! Be very careful here

[dealy] 06/9/2022 08:07

621p was the low yesterday. Shorts pushed it too far

[srs8] 06/9/2022 07:42

amaretto is a nonce

[ny boy] 05/9/2022 20:03

amaretto… you clueless, delusional idiot, seek help for your obvious coke addiction.

[dealy] 05/9/2022 16:05

This could close blue in a massive F U to the shorter gang

[shaf200] 05/9/2022 14:12

Buyer at 300p....

[dealy] 05/9/2022 13:47

Private Equity firms are sitting in trillions. They are looking for acquisitions and they don't do quarterly capitalism. They will be looking at opportunities like Asos and don't care about the next few months when making their assessment.Very dangerous to assume these stocks will fall every day

[melegramforttongo] 05/9/2022 13:16

Dev the div !!

Welcome back me old mate.
You still don’t know what you are talking about but don’t be afraid to say your thing buddy.

How’s that mate of yours you got into boohoo ?
Remember ?

😂😂😂😂8514;😂

Remember when you said he was so happy that you got him into boohoo ??

CAN YOU REMEMBER THAT ?
I can 😂😂😂😂8514;😂ԅ14;.

Has he tried to knock you out yet for dud advice ?
Dev the div and his family sweatshop business.
The family he gives an extra holiday day to because he is “ that kinda guy “ …

DEV THE DIV

[factsandfigures] 05/9/2022 13:02

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 BOTH A PROFIT WARNING & A "STRONG SELL" RECOMMENDATION

[fuji99] 05/9/2022 12:56

Dealy: "is that with low or high unemployment?" - When workers start to feel the effect of inflation they will start asking for pay rises. If not satisfied they will strike. If they strike, the only solution left to employers is to increase their salaries but at the expense of job cuts. So the longer inflation bites, the higher will be job cuts thus higher unemployment. This is basically one of the effect of a recession.

[dealy] 05/9/2022 12:44

Institutions will start to look at what the economy will look like in the new year and value companies based on that. The next few months will just be written off

[buy2sell1] 05/9/2022 12:43

A brief glance back in time through your own ADVFN postings confirm that you paid SILLY MONEY for shares in The Hut Group and ASOS and Boohoo.

[dealy] 05/9/2022 12:40

in at very low levels

[buy2sell1] 05/9/2022 12:36

Lacking in common sense and ignoring economic reality DEALY has obviously gone in heavy on UK retailer shares and is now burnt to a crisp.

ASOS + Boohoo + The Hut Group to name just a few.



RECESSION NOW BITING !!!

[dev80] 05/9/2022 12:35

Truss in. Markets will pick up. 5 mins

[dealy] 05/9/2022 12:27

I'm buying a stock at a fraction of its fair value

[melegramforttongo] 05/9/2022 12:26

Dealy stop blarting on .
You have got this spectacularly WRONG .

WAIT FOR A GENUINE UPTREND TO ESTABLISH.

Stop trying to play the big shot by calling the bottom every 5 pence and every 5 minutes ffs .

Just admit you made a mistake

[dealy] 05/9/2022 12:06

is that with low or high unemployment?

[fuji99] 05/9/2022 12:01

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 11:21

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 11:00

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