Asos Share Discussion Threads

[fuji99] 13/9/2022 15:08

Inflation is spreading like plague all over the world. I cannot believe there are investors who still believe "there will be a recovery" of some sort.
The last nail on the coffin of the market in general will be seen next Christmas where retail sale will be the most horrible ever.

[fuji99] 13/9/2022 10:08

There will always be some bounces along the way but the trend is definitely down. This is reflected in consumer spending at all levels - As is shown in Ocado profit warning. Consumers are the key to the strength of any economy. If nobody is buying, nothing will be sold = output has to drop and unemployment has to increase if less output is needed. All this means everything has to re-adjust, including the stock market. - - -

[buy2sell1] 12/9/2022 18:45

The Bank of England recently warned that with most UK households already struggling to pay their bills and to buy food, the current Recession is likely to be long and hard, with unemployment set to rise and consumer spending continuing to fall.

[dealy] 12/9/2022 15:20

I remember the last time the shares were weak back in April 2020 the shares basically tripled in a few weeks

[losses] 12/9/2022 14:37

Any links for the bud rumours?

[losses] 12/9/2022 13:25

8-10 next target..Takeover with be around £15-20 I reckon if true

[jim rockford] 12/9/2022 12:30

Takeover being rumoured...

[losses] 12/9/2022 12:15

Breakout coming soon... get loaded up.

[dealy] 12/9/2022 09:28

as soon as investors realise that conditions will be normal by spring they will start to buy stocks which can deliver growth over the next 10 years. that realisation could come at any time (and timing it is impossible)

[dissentingvoices] 11/9/2022 10:40

According to the Financial Reporting Council, ASOS plc is facing serious accusations of attempting to manufacture a "soft landing" in the City ahead of announcing disappointing results.

ASOS plc has allegedly breached F.R.C reporting guidelines by briefing a few City analysts about a slump in profits rather than notifying all investors simultaneously.

[factsandfigures] 09/9/2022 14:57

Interesting comments from Russ Mould from AJ Bell (Stockbrokers):
==================================================================

“Plenty of companies around the world have bemoaned inflationary pressures thanks to the rising cost of labour, raw materials and energy. The latter now taking an even bigger bite out of company profits and causing further pain.

“Primark owner Associated British Foods is the latest to warn on profits because of higher energy bills, as well as unfavourable foreign exchange rates.

"Pressure on energy costs means profit margins will be squeezed, which is not a good situation for a low-ticket seller".

"The fact Primark buys most of its clothing stock in dollars adds to its problems, given that GB Sterling is under considerable pressure.”

“Making matters worse is declining disposable income for consumers. Primark might benefit from people trading down from more expensive retailers, but a large chunk of its core customer base sits in the lower-income bracket and these individuals are really feeling the financial pinch".



IF YOU REMOVE THE WORD PRIMARK, AND INSERT THE WORD ASOS OR BOOHOO, THIS PAINTS A VERY GRIM PICTURE, GOING FORWARD.

[melegramforttongo] 09/9/2022 14:34

Anyone who has been buying the dips will need 5000 to break even I’d say .
Terrible strategy on this .

[losses] 09/9/2022 14:04

Like I said buy the dips... a few years max time double or triple your money.

[melegramforttongo] 09/9/2022 13:33

That would , according to your logic ,be almost everyday then wolfie lad.
😂😂😂😂8514;😂

You just cry and whinge every day as you now have a fraction of what you used to have on this and boohoo.
You have been well and truly bummed by the retail sector .
Trying to ramp it ALL THE WAY DOWN rather than listen to the facts and read the figures.

DUNCE CAP 🧢 FOR WOLFIE

AWOOOOOO AWOOOOOO

[wolfofhounslow] 09/9/2022 10:40

Mele waits for share price to go down and then starts barking as usual....

[melegramforttongo] 09/9/2022 10:20

Cash to debt …

YOU DONT SAY …

😂😂😂😂

By the way , Boohoo are the number one shorted stock .. I wonder why ….

One or two of these companies is going down the plug hole im afraid …

Everything they had is in a negative spiral swirling vortex of doom … going into a black hole 🕳 to which there is no escape .

[dissentingvoices] 09/9/2022 08:35

SELL INTO THE SUCKERS RALLY FOLKS, ITS LOOKING LIKE A DEAD CAT BOUNCE

[dealy] 09/9/2022 08:29

Today's statement was actually reassuring. Of course the environment is very difficult with current peak-pessimism but the KPIs are still strong and the company can sail through to calmer seas

[hamhamham1] 09/9/2022 08:22

Figures are in range previously given to markets. So no surprises.
Still profitable and has net debt of roughly 20% of market cap, that's pretty low.
They basically hunkering down to get through to the other side, then this is a 3x from here IMO.
Plus the money been spent on warehousing set up etc in the USA, that has potential to cope with 7bn a year throughput in future I believe.

[deanmatlazin] 09/9/2022 08:19

From cash to debt. Bloody hell. Not much room to manouvre. Can go kaput by next year!

[dodge meister] 09/9/2022 08:14

Every bit of news through August was about cost of living and end of days predictions. Not surprising that the consumer is nervous. Increase foreign holidays will have impacted people buying during the summer. When people realise the world is not ending, things start going again.

[hamhamham1] 09/9/2022 08:09

700p buy price

[dealy] 09/9/2022 08:08

stupid idiots thinking this will crash further

[factsandfigures] 09/9/2022 08:07

It's a serious PROFIT WARNING and it's bad news for Boohoo PLC also !!!