Asos Share Discussion Threads

[cottlet] 23/6/2022 12:23

I dont think the freshmen going to uni in September/october are going to save ASC.....

[wolfofhounslow] 23/6/2022 08:25

Sell the business for 1.5b...you must be having a laugh....Revenues at 4b and should grow as weak players disappear

[cirlbunting1] 23/6/2022 08:20

Perhaps it may provide a relief in oil, but i dont know. War is background noise for me atm & i think it will cont. to be regardless of when it ends. Inflation is key. If we start to see inflation decrease - the market will assume lower input costs & we might potentially see a turnaround. If not - I could potentially see a takeover at £1.5bn+. Synergies/customer reach would be something crossing most peoples minds.

[wolfofhounslow] 23/6/2022 08:08

Any news re desclation on the war and this would jump back to 2000p....

[cirlbunting1] 22/6/2022 22:45

Think theres been an overreaction to this stock. The story is no longer being bought/people are fed up. I get it. Although people forget - ASC has been around for 2 crashes (GFC & dotcom) & survived arguably much worse economic climates. I think ASC will cont. to be around. I still believe profits are secondary. I think the #1 priority here has to be to make asos designs the #1 brand. After that - everything else will fall into place. You would hope.

[wolfofhounslow] 22/6/2022 16:39

Decent close on a day when markets were red.....

[jackson83] 22/6/2022 13:57

this was 3p in 2003 so maybe we see 100p again or lower

[jackson83] 22/6/2022 13:55

maybe wait to top up at 500p soon

[fuji99] 22/6/2022 13:45

I will hold for the long term only (minimum 5 years) - but not buying anymore. I agree that inflation may persist and nobody can predict what the FED will trigger for the US economy if interest rates are raised aggressively. In any case if things stay as they are (high inflation) and the dragging Ukraine/Russia conflict is not resolved, nobody can predict if it will escalate further. When we couple all these war uncertainties with inflation/purchasing powers, we could get stuck in a bear market for a few years (2 years). So for the long termers it will come good as soon as things get better. For the short term investors they could be in for a bumpy cycle. Of course this is my own opinion and DYOR.

[buy2sell1] 22/6/2022 08:18

NOBODY can accurately "factor in" how bad the recession will be, even the Bank of England can only guess at how bad it's going to get by Xmas.

Rising interest rates WILL hit consumer spending.

Households will inevitably focus on Eating, Heating and the keeping the roof above their heads.

Buying "new" clothes and other Boohoo tat will NOT be high priority for most households.

In the case of Boohoo PLC and ASOS PLC - BEWARE OF THE DEAD CAT BOUNCE !!!

[factsandfigures] 22/6/2022 07:41

UK inflation, the rate at which prices rise, edged up to 9.1% in the 12 months to May, up from 9% in April, the Office for National Statistics (ONS) said.

Prices are continuing to rise at their fastest rate for 40 years as petrol, energy and food costs continue to climb.

Inflation is now at the highest level since March 1982, when it stood at at the same level and it will get much worse as the Bank of England has warned inflation will reach 11% later this year.

Expect more rises in interest rates and expect consumer spending to fall, as households cut back on non-essential spending like new clothes !!!

[dissentingvoices] 21/6/2022 21:28

ANOTHER DAY & ANOTHER DOWNGRADE FOR ASOS PLC SHARES
====================================================



In a research note issued today, retail analysts at U.S. investment bank, JP Morgan Chase have downgraded shares in fashion retailers ASOS PLC and Boohoo PLC to a “weak hold” citing falling consumer spending and management deficiencies within the businesses.

[millennialinvestor] 21/6/2022 09:22

keep buying booboo and asos to protect the jobs of all the minimum wage workers in asia!

[buy2sell1] 20/6/2022 21:47

SAD SAM, the angry and skint Borough Market Fruit n Veg man having another rant.



Makes a change from him claiming to be the real City......pmsl..... bought yourself an A-Z of London yet, LOSER BOY ???

[milliecusto] 20/6/2022 20:31

But a true one

[sparsam] 20/6/2022 18:50

Absolute nob

[fuji99] 20/6/2022 14:33

Of course margins will improve as inflation is coming down. The FED and the BoE are raising interest rates to actually reduce inflation. They have to.

[milliecusto] 20/6/2022 14:26

Why should margins Automatically improve, yes a time to buy, but not now, just starting a recession, sub 300p worth a gamble in my view

[wolfofhounslow] 20/6/2022 13:40

Yes I never said it was profits.....margins should improve as inflation comes down from peak!!

[milliecusto] 20/6/2022 13:04

Revenue is not profit, profit guidance of between £20 and £60m, margins are wafer think, any drop in revenue and it turns loss making, not sure some peeps should be trading, I see it's struggling today, wonder why on such a high pe.

[wolfofhounslow] 20/6/2022 11:29

Current mcap less than 1b with a company with revenues of 4bn...mental

[fuji99] 20/6/2022 11:17

milliecusto: Same story at the start of Covid. The end of the world is near.

[milliecusto] 20/6/2022 10:40

Good luck with that, you will need it with a pe of 28 in a Global financial meltdown

[fuji99] 20/6/2022 08:34

Working from home - which was rare before - is now becoming a routine. Meaning the likes of Asos - one of the biggest - will prosper regardless. I am still a believer of "buy and hold".