Asos Share Discussion Threads

[wolfofhounslow] 24/10/2022 08:09

No buy quy

[dissentingvoices] 24/10/2022 08:08

Looking at the trades going through early doors, traders are SELLING into the bounce.

[upwego] 24/10/2022 08:07

I smell toast!! Big rally on the cards :)

[boonboon] 24/10/2022 07:51

No rns but the media can report it. That's pretty poor imo.

[wolfofhounslow] 24/10/2022 07:48

https://www.telegraph.co.uk/business/2022/10/22/mike-ashley-snaps-stake-struggling-asos/

[melegramforttongo] 24/10/2022 07:36

Mike Ashley said of his gambling loss: "It is what it is. Unfortunately every morning I get up, I don't always back the winner."

Mike Ashley 👆🏿👆🏿8070;🏿
Wolf 👇🏿👇🏿8071;🏿

Wolf the maggot in wolf clothing said of his gambling loss: "It is what it is. Unfortunately every morning I get up, I never ever back the winner."

[factsandfigures] 24/10/2022 07:29

It's worth remembering that Mike Ashley previously lost £300 Million SPREAD BETTING on HBOS bank.

He gambled that HBOS shares would go UP and put down £50 Million - a 10% deposit of the total HALF A BILLION pounds that he was gambling.

Betting on the performance of shares - financial spread betting - is a way of playing the financial markets while avoiding capital gains tax.

The £50 Million financial hit took Ashley's loss on his HBOS gamble to the mind-boggling total of £380 million.

Mike Ashley said of his gambling loss: "It is what it is. Unfortunately every morning I get up, I don't always back the winner."

Ashley has admitted he loves gambling, spending many nights in the exclusive Fifty casino on St James Street, Central London.

"Many of the most successful people I know are gamblers," he said. "When you get up on Monday morning you are in the risk business. But there is a fine line between an entrepreneurial investor and a gambler.

[dafad] 24/10/2022 07:21

Ashley soending money as if it's going out of fashion

[ny boy] 23/10/2022 22:16

The papadam plot has been successful, is all of Hounslow celebrating?

[wolfofhounslow] 23/10/2022 22:01

Big bounce on the FTSE futures weekend market since the news that Boris had pulled out of the race and it looks like Rishi will get the job. Trading around 7060 - GBP also had a bounce back up to circa 1.14 against the USD

[wolfofhounslow] 23/10/2022 21:26

Futures up Gbp up Shorters ouch

[ny boy] 23/10/2022 21:17

Boris has decided not to enter the race,so UK equities will get a confidence boost tomorrow, expecting a 10%+ rise here

[ny boy] 23/10/2022 20:14

Who doesn’t love an early morning riser 😅

[wolfofhounslow] 23/10/2022 18:04

Shorters getting nervous now lol

[dissentingvoices] 23/10/2022 16:25

It's time for yet another reality check



Purely for clarification purposes, Mike Ashley (former owner of Newcastle United FC) has definitely NOT announced or launched a formal takeover bid for ASOS plc.

Under UK takeover rules, Mike Ashley is under no obligation to launch a takeover bid for ASOS plc unless he acquired more than 29.99% of all ASOS's shares.

Mr Ashley is in fact, a prolific wheeler dealer in shares having previously bought and sold large quantities of shares in Halifax PLC and Lloyds Bank PLC

[wolfofhounslow] 23/10/2022 16:17

https://www.telegraph.co.uk/business/2022/10/22/mike-ashley-snaps-stake-struggling-asos/

[buy2sell1] 23/10/2022 16:12

The City's market-makers read exactly the same newspapers as you, so any early "Monday Morning Mark-Up" in ASOS at 08.00am tomorrow will simply drag in more less knowledgeable mugs and suckers dreaming of a fast buck

Fools and their money are soon parted

[danb45] 23/10/2022 15:59

Big bounce here tomorrow and FRAS will probably drop IMO

[buy2sell1] 23/10/2022 15:41

With all the innovative medicines in the world,

and there is still no cure for DEALY's stupidity

[dealy] 23/10/2022 15:36

no short squeeze SO FAR. there will however be one from now on

[dissentingvoices] 23/10/2022 15:35

It's time for another REALITY CHECK !!!



Purely for clarification purposes, Mike Ashley (former owner of Newcastle United FC) has definitely NOT announced or launched a formal takeover bid for ASOS plc.

Under UK takeover rules, Mike Ashley is under no obligation to launch a takeover bid for ASOS plc unless he acquired more than 29.99% of all ASOS's shares.

Mr Ashley is in fact, a prolific wheeler dealer in shares having previously bought and sold large quantities of shares in Halifax PLC and Lloyds Bank PLC

[wolfofhounslow] 23/10/2022 15:29

Market sources said that Frasers Group, the billionaire's listed holding company, notified Asos late on Friday that it had become a significant shareholder. The move came days after Asos announced an emergency cost-cutting plan alongside a pre-tax loss of £32m. Frasers has acquired its stake for roughly a tenth of what it would have cost just 18 months ago, when Asos was riding high on the pandemic online shopping boom. Its valuation has collapsed from more than £5bn in March last year to little over £500m on Friday, making a 5pc stake worth roughly £25m. It makes Frasers the fourth-biggest shareholder in Asos, ahead of Schroders but far behind its top investor, the Danish billionaire Anders Holch Povlsen on 26pc. Kent Women Win Multiple Jackpots And Casinos Can't Stop Them. Ad BuzzDaily Winners Kent Women Win Multiple Jackpots And Casinos Can't Stop Them. It remains one of the most shorted stocks on the London market, with hedge funds including Marshall Wace placing substantial bets that it has further to fall. The investment by Frasers is part of gradual empire building online by the owner of Sports Direct and House of Fraser, which was once viewed as a digital laggard. Mr Ashley, 58, who founded the company with a single store in Maidenhead in 1982, has described himself as "a bricks man, not a clicks man". However, he has handed day-to-day management of the company to his son-in-law Michael Murray, 33, who as chief executive is overseeing online expansion. Earlier this year it acquired the Asos rival Missguided for £20m, which Mr Murray said would bring a "digital-first approach" and "additional expertise to the wider Frasers Group". Weeks later Frasers added ISawItFirst, a fast-fashion challenger founded by the brother of Boohoo chairman Mahmud Kamani, to its stable. Now it is seeking full ownership of Mysale, an Australian online retailer which Mr Ashley originally invested in alongside Sir Philip Green. Earlier this month Frasers also revealed a stake in N Brown, the online retailer behind brands including Jacamo and JD Williams. Market sources speculated that Frasers could seek to use its stake in Asos to build a partnership which could involve selling each others' brands or sharing distribution. Frasers is using similar tactics with the German fashion label Hugo Boss, where it has taken a stake to help secure supplies of luxury clothing for its upmarket stores. However, Mr Ashley has also previously traded in and out of shares as a financial bet. Regardless, a stake in Asos further intensifies Frasers' rivalry with Boohoo, which has also been suffering badly in the post-pandemic slump for online retail. From a stronger financial position early last year, Mr Kamani beat Frasers to acquire the Debenhams brand out of administration, putting him in more direct competition with House of Fraser. Mr Ashley had also pursued Debenhams prior to its collapse and saw his £180m stake wiped out.