Asos Share Discussion Threads

[buy2sell1] 20/7/2022 11:12

Data from the Office for National Statistics showed that consumer price inflation hit a fresh 40-year high of 9.4% in June as the cost-of-living crisis intensified.

This was up from 9.1% in May and above consensus expectations of 9.3%

Food and fuel prices drove the increase. The ONS said that food and non-alcoholic drinks rose by 9.8% in the year to June, up from 8.7% in May and the highest since March 2009, while petrol and diesel prices surged 42.3%, the highest rate since before the start of the historical series in January 1989. Transport costs overall were 15.2% higher.

Laura Suter from Stockbrokers AJ Bell warned:

"Another larger-than-expected increase in inflation is turning up the heat on the UK’s economy - and on the spending power of the nation. It could also be the signal for the Bank of England to hike rates by 0.5% next month, less than 24 hours after the Governor, Andrew Bailey, said he was prepared to take stronger action.

"It’s the same story as previous months: petrol, home energy bills, food prices and mortgage costs are all pushing up the inflation rate as they keep on heading upwards. This highlights the Bank’s conundrum, as one of the biggest contributors to inflation at the moment is mortgage costs, which are a direct result of the rate setters increasing Base Rate significantly since December."

[ukneonboy] 20/7/2022 10:55

ITS MORE BAD NEWS FOR ASOS PLC - CONSUMERS ARE SPENDING LESS ON FAST FASHION
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Pay increases for most people aren't keeping up with rising prices and it's going to get worse going forward.

According to the Office for National Statistics average wages in the UK, not including bonuses, rose by only 4.3% between March and May.

But when you take inflation into account, UK wages actually fell by 2.8% compared to 12 months ago.

[wolfofhounslow] 18/7/2022 11:01

What a price to get in at...

[buy2sell1] 18/7/2022 09:00

Neither the Bank of England or City economists think inflation has peaked yet.

UK interest rates will undoubtedly have to rise before Xmas

[bigbigdave] 15/7/2022 16:26

Facts and Figures, all in the price, inflation has peaked.

[wolfofhounslow] 15/7/2022 09:06

It will be a lot higher by year end

[ny boy] 15/7/2022 08:40

Took another chunk yesterdays in that mini sell off, bottoming out process underway, expecting 1200/1300 by year end dyor one to stay patient with,add on dips imo

[wolfofhounslow] 15/7/2022 08:30

A lot priced in at current share price Idiot

[factsandfigures] 15/7/2022 07:30

It's not exactly rocket science and you certainly don't need an M.B.A in Business from Harvard to realise ASOS plc is in deep, deep trouble.

Rising Inflation + Household Incomes getting squeezed = Consumers Spending Less

[wolfofhounslow] 13/7/2022 07:47

BREAKING | UK economy rebounds by 0.5% despite cost-of-living crisis.

[dissentingvoices] 12/7/2022 13:25

MORE BAD NEWS FOR FAST FASHION RETAILERS
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The latest data released by the British Retail Consortium (BRC) showed that retail sales FELL again during June 2022, as surging inflation and the cost-of-living crisis caused shoppers to cut spending.

Total sales fell 1.0% last month, compared to an increase of 10.4% in June 2021.

In the three months to June 2022, food sales increased 2.2% on a total basis

But non-food-sales slid 3.3% on a total basis.

Total retail sales have now DECLINED for three months in a row for the first time since the start of the CoVid pandemic in 2020.

[simon666] 12/7/2022 11:05

Very high short positions will keep this share price subdued.
Asos need to contain costs this year. I don't like Boohoo but I concur with their recent policy of charging £1.99 on returns. Asos and Boohoo have a huge amount of returns turnover. By introducing a small returns charge may encourage some to hold on to the goods.

[fuji99] 12/7/2022 08:51

Some bad news around. Inflation damages starting to appear - - -

[factsandfigures] 11/7/2022 07:27

MORE BAD NEWS FOR FAST FASHION RETAILERS !!
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The Civil Aviation Authority has now confirmed that more than 50,000 Summer holiday flights have been cancelled involving TUI, British Airways, Easyjet, Jet2 and Wizz Air resulting in serious disappointment for many British travellers.



The knock on effect of all those cancelled holidays poses very serious cashflow problems for clothing retailers, like Boohoo PLC and ASOS PLC, who are already being inundated with Customer returns and requests for refunds for unwanted Summer clothing, Beachwear and Sandals.

[wolfofhounslow] 07/7/2022 16:52

Gap to fill at 1200

[newstead40] 07/7/2022 15:58

Is it bottoming out

[wolfofhounslow] 07/7/2022 13:19

Another decent day

[wolfofhounslow] 07/7/2022 08:36

Looking a lot better

[wolfofhounslow] 05/7/2022 22:22

Because the share price of a company often rises when it becomes the target of a takeover it can be tempting to seek out the next big target to make some quick money. Many UK businesses have been touted as potential targets, including Deliveroo, Ted Baker, Asos, Fever-Tree, Marks & Spencer and Pearson.

[wolfofhounslow] 05/7/2022 20:31

Oil dropping....should help with the cost and margins.....Easy buy and hold

[ny boy] 05/7/2022 15:58

Took some at 900, certainly seems to be bucking the trend today in a sea of red, encouraging signs of this one perhaps bottoming out here around 850/900p area. Early days but only for the brave dyor as usual

[wolfofhounslow] 05/7/2022 08:03

Desperate shorters lol

[factsandfigures] 05/7/2022 07:47

ASOS SHARES REMAIN A "STRONG SELL" !!!
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