Asos Share Discussion Threads

[losses] 06/11/2022 17:11

I hear you but we are already down from 60 quid... there's not much downside for the shorters TBF

[sparky333] 06/11/2022 15:55

Good thoughtful post mortal1ty.

[smart solution] 06/11/2022 12:15

Agree... this is at the bottom..

10 quid by Xmas

[mortal1ty] 05/11/2022 15:05

This recession is worse in some ways, better in others. The job market is tighter, wage growth is higher, companies are more profitable, and most importantly, the banks are better capitalized. Doubt there will be a liquidity crunch this time.

You are right interest rates are going up now, but they are expected to peak pretty soon. The market is forward looking, and stocks typically bottom 6 months before the economy does.

It feels like the market has capitulated already in some of these beaten up growth / tech stocks. Down 70-80% is pretty severe on most peoples charts. To put that into context, in the credit crisis (when it felt the world was ending), and house prices were collapsing, the housebuilders share prices typically fell c. 60-80%.

P/E of 7x, with 0 growth forecast, and only half recovered margins shows how cheap it is. Your right, it is a long way off, but the market only needs to see things improving, and it will price the recovery in... then back to £15 I would say.

[wolfofhounslow] 05/11/2022 12:47

alliance News) - Frasers Group PLC has increased its interest in German fashion designer Hugo Boss AG by 1.5 percentage points, according to a company statement on Friday.The FTSE-100 Derbyshire-based department store operator has a 30% interest via put options that it has sold, up from 28.5% as of October 24, while still owning 4.3% of the shares of Hugo Boss. This gives a 34.3% interest, up from 32.8% previously.The company said after taking into account the premium it will receive for the put options, its maximum aggregate exposure its interest in Hugo Boss is around EUR1.0 billion.On October 24, the SportsDirect owner said its maximum exposure for the interest in Hugo Boss was EUR960 million, up from EUR900 million in June. Back then, it held a 4.9% stake via shares and a further 26% via options.Earlier in October, Frasers also bought a 5.1% stake in FTSE 250-listed online retailer Asos PLC. That would make Frasers the sixth largest shareholder in Asos, according to data from Morningstar.Shares were up 2.5% at 662.00 pence on Friday afternoon in London.

[sparky333] 05/11/2022 09:52

Recessions are predictable and cyclical, every 10 years or so and each one hits capitulation point, we are nowhere near that and this recession is so so different. The BOE doesn't have the ability to combat it by reducing interest rates and actually the polar opposite is happening by increasing rates. This is shock not many of us have seen before and the markets have yet to realise the full impact.But we will get through this and emerge stronger as companies innovate and get more efficiency from staff to reduce overheads. When the market capitulates then is the time to sweep up

[sparky333] 05/11/2022 09:47

I do not disagree Losses, I owned ASC back in 2000 but sold for a pittance. One of my greatest mistakes investing.The question is how much damage will be done over the next 2 years, people have no money now never mind, inflation, energy, mortgage, and now talk of council tax soaring.Do you really think people will be buying ASOS clothes like the last few years. Hell no turnover will be hit hard and probably loss making for a couple of years so assumptions of PE of 7 are fantasy. Do not get me wrong they will back bigger and better but the question is how low will ASc go ?

[smart solution] 04/11/2022 19:50

Ashley buying more ASOS

[wolfofhounslow] 04/11/2022 18:43

£4bn sales. 3% EBIT margin -> £120m EBIT. c. £10m interest. -> £85m earnings. Market-cap = £591m. 6.9x P/E. Not bad for an online retailer. Its basically valued like a structurally challenged physical retailer.

[losses] 04/11/2022 17:53

You know well in the coming years these will be 30 quid plus.

[sparky333] 04/11/2022 17:22

Wolf is a complete moron. What ever he does do the opposite YU group is up 60% since he predicted a crash to 100pFor a company with no debt, 15m in cash, profitable and growing faster than a tech stock who are forecasting turnover of £500m next year and the MC is £48m The guy is the biggest tool on ADVFN Came on the board today pushing a sell agenda guess what up we went, must be lonely in his council bed sit in Blackpool

[buy2sell1] 04/11/2022 16:10

Even if the ASOS share price somehow miraculously hit £40 ............Crying Wolfie a.k.a LOSSES would still NOT have reached his breakeven point !!!

[losses] 04/11/2022 15:07

Can we get to 10 quid on the Santa rally

[wolfofhounslow] 04/11/2022 11:59

Cheapest Ftse 250 share

[upwego] 04/11/2022 08:39

Get through 6.50 and this will rocket :)

[smart solution] 04/11/2022 08:10

Short run to £8 next.

[wolfofhounslow] 04/11/2022 08:09

Another blue day

[melegramforttongo] 03/11/2022 18:25

Wolf .

Wolf wolf wolf .
Wolfie buddy …

How many times must I tell you that it’s pointless trying to be some kind of pundit .
No one :-

Listens to you .
Cares what you say.
Does anything based on anything you say.
Is influenced in any way whatsoever by you.
Wants to read tips from you.
Wants to read commentary from you.

Everyone :-

Mocks you .
Laughs at you .
Thinks you are a CLOWN 🤡

[wolfofhounslow] 03/11/2022 18:04

Recent cost cutting exercise should improve margins going forward. Supply chain cost going down + cotton cost falling!!It will take 3-6 months however going forward margins should improve drastically

[mortal1ty] 03/11/2022 17:47

£4bn sales. 3% EBIT margin -> £120m EBIT. c. £10m interest. -> £85m earnings. Market-cap = £591m. 6.9x P/E. Not bad for an online retailer. Its basically valued like a structurally challenged physical retailer.

First sign of recovery / management turn-around and this goes back to £12. That is before pricing in any structural growth.

Last bought this at £30... sold at £60. It was a business in problems back then too. The market quickly forgets.

[losses] 03/11/2022 17:21

Maybe you're missing the fact that these were 60 quid before the recession.. more than priced in for a massive recovery

[wolfofhounslow] 03/11/2022 16:37

Another blue close.Easy buy and hold

[melegramforttongo] 03/11/2022 15:49

What is ??

The dunce cap on your head ??

What an absolute maggot you are mate .

[wolfofhounslow] 03/11/2022 15:10

Looking good