Asos Share Discussion Threads

[dealy] 17/10/2022 12:02

probability of 600p this week vastly higher than 300p

[fuji99] 17/10/2022 11:51

This is my personal opinion: Everybody knows the results on the 19th won't be stellar. Analysts will be looking at the list of damage limitations and their credibility. Then until the final stages of agreeing an amendment to the future financial covenants in its Revolving Credit Facility are sorted out, the shares will be very volatile. So till then, the shorters brigade may even push them down towards £3'sh or even lower. So nobody can guess the bottom for this share.

[g2theary] 17/10/2022 11:38

They didn't though did they army boy! Now let this take it course and go down and take your losses before they get a lot worse you simpleton ... also if it hadn't have been for SNG & NCYT oh not forgetting GDR I wouldn't have the amounts I have today .. you've put me in a good mood reminding me ;)

[dealy] 17/10/2022 11:33

0.12% of the shares have traded this morning. a move like this would normally involve c. 3% of the company shares.

[deanmatlazin] 17/10/2022 11:30

400p?? i think it will go down to 300p after result or even lower.

[g2theary] 17/10/2022 11:27

Well your army isn't doing a good job here... I'll buy some of their shares when they fall to near 400p today ;) keep watching army boy :D

[buy2sell1] 17/10/2022 11:17

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.

[marc antony] 17/10/2022 11:12

480p incoming then rally to 500p in the close

[noreply1] 17/10/2022 11:11

Got to bounce from here

[g2theary] 17/10/2022 11:08

You have more chance of me sucking you off pal :D

[marc antony] 17/10/2022 11:06

We will be looking 500p close here today.

[g2theary] 17/10/2022 11:04

More than likely bigger trades behinds the scenes going through this has to go a lot lower yet :)

[deanmatlazin] 17/10/2022 11:04

i can smell a fundraising is coming soon. if they can raise £50m by issuing 25m shares at £2/share...at least it can gives a breather for the new CEO to steady the ship and make some adjustment.

[buy2sell1] 17/10/2022 11:03

Delayed Final Result !!

Crisis talks with its Lenders !!

Trade insurers walking away !!


It's time to SELL, not time to buy

[g2theary] 17/10/2022 11:02

Big drop is en route :)

[marc antony] 17/10/2022 11:01

Too low volume, so I have taken a punt. when you see it's getting 18, 50 shares, and it moves 1p -2p down you know someone is altering shares.