Asos Share Discussion Threads

[sbb1x] 17/10/2022 09:13

Can be 20p up later

[buy2sell1] 17/10/2022 09:13

Share price is still falling

[john09] 17/10/2022 09:12

465p on the bid

[john09] 17/10/2022 09:12

You’re down 20p in a hour pal

[sbb1x] 17/10/2022 09:11

This will rise, see where it is this afternoon

[john09] 17/10/2022 09:09

do not follow his lead

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Sbb1x17 Oct '22 - 08:12 - 18340 of 18358

Bought a few under 500
Lets go

john0917 Oct '22 - 08:12 - 18341 of 18358

Falling knife

[sparky333] 17/10/2022 09:08

I do not disagree losses, ASC is. Strong brand and will hunker down and ride the storm, but this situation the UK flings Itself in is unique.Why you might ask ? We have a huge attack on personal incomes, debt repayment , inflation out of control and spiralling interest rates as well as insane energy costs.Think about how all of above is going to hit people, it is huge when grouped together and sadly people will lose homes as this generation are in debt upto the hilt on credit cars, PCPs for cars and huge mortgages.Just think about that and how it impacts people buying non essential stuff.It's is going to be a terrible 2023 but come 2024 inflation and energy will be falling dramatically and the green shoots of recovery will bloom.Just be careful in catching falling knives and if you want to invest go into essential sectors like energy and food as the crisis rumbles on

[john09] 17/10/2022 09:08

Sbb1x you’ve caught a falling knife

[sbb1x] 17/10/2022 09:06

Worrying times for shorters to close

[buy2sell1] 17/10/2022 09:02

WORRYING TIMES AHEAD FOR ASOS PLC AS FINANCIAL CRISIS DEEPENS
==============================================================

Online fashion retailer, ASOS is facing another crisis after its biggest lenders hired advisers in a move that could pave the way for a formal financial restructuring.

Sky News has learnt that ASOS recently approached the banks behind its £350 Million revolving credit loan facility to seek amendments to the borrowing agreements.

City sources warned that lenders including Barclays, HSBC and Lloyds Banking Group have lined up AlixPartners and law firm Clifford Chance to advise them on the unfolding situation.

Worryingly for shareholders, one of the major trade credit insurer that provides cover to ASOS's suppliers in the event of its failure to pay them, is said to have decided to reduce its support.

That move will inevitably hit ASOS hard as it will be required to pay for goods up-front, tightening the squeeze on the company's cashflow.

Any alterations and amendments to the Revolving credit loan agreement will almost certainly be followed by an independent business review (IBR) to ensure ASOS can continue trading.

[losses] 17/10/2022 08:58

Added more... but and put away come back in 2 years for Quadruple price.

[wolfofhounslow] 17/10/2022 08:47

Shorters still controlling this Need clarity over the refinance deal before this can move up

[buy2sell1] 17/10/2022 08:44

Delayed Final Result !!

Crisis talks with its Lenders !!

[sbb1x] 17/10/2022 08:43

Buyers all over it down here :)

[sbb1x] 17/10/2022 08:41

Looking better down tickers big love x

[sbb1x] 17/10/2022 08:40

Gap to close @531 first

[sbb1x] 17/10/2022 08:39

550 close anyone...

[buy2sell1] 17/10/2022 08:38

If shoppers have no money to spend, then the future looks pretty bleak for retailers.

[sbb1x] 17/10/2022 08:34

Little bit more

[john09] 17/10/2022 08:19

Into the 470s

[buy2sell1] 17/10/2022 08:15

cashflow issues, delayed results, collapsing share price.......... perfect storm.

[g2theary] 17/10/2022 08:15

I'm waiting for the 320 target before I buy here but looking to buy at some point :) over 10 years ago was last in at that price :)

[john09] 17/10/2022 08:12

Falling knife