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Mark my words, if all these people/companies are interested in taking TS off Asos hands they’ll bite and offer to take the whole of Asos, all 14 brands and their warehouses over.
I’m pretty confident we’ll see £14+ at some point this year, 2024/25 is the year of growth for Britain.
All IMO ofc, I’m bullish here.
Shore capital have also been wrong about asos’s competitor boohoo for the same period, having a buy or hold stance, any investor paying attention to them there would be down c65-70% - youre obviously a troll or a short thats panicking, but for anyone else who might take advice from this thread - dont, brokers are wrong just as much as they are right. if given 2 very similar companies and you recommend 1 to be long and 1 to be short - when they both face very very similar issues, youre going to be correct 50% of the time 🙄
I'm seriously considering it
I take it he is too. Can smell a burning short from miles away..
Take it you’re shorting this Roberto.
Filtered..
Bot or not unfortunately you're all gonna lose money on this one. Capitulate before its too late (another equity raise that will wipe out existing equity).
I take it as a good sign.. it won't be here when this is (hopefully) flying..
LOL good point.
Nothing underpinning anything this account says. Obviously a bot. Ignore.
(I realise I also responded once - never again)
GL to the humans among us.
Why do you respond to robots?
Asos got in a mess by spending huge amounts on stock which it couldn't shift once covid ended and people shopping in shops again. They've had to discount this stock to get rid and this has obviously eroded margins. Hopefully going forward this stock will have mostly gone and margins improved and company becomes profitable again. Hopefully all goes to plan!
If everything was going to plan the value would be X5 at least what it is now.. it's not been so you either buy for the potential turnaround or don't. Quite simple really.
That's why it's called a turnaround play.
I wish you all make money on this but I'm afraid it doesn't look like it unfortunately.
The 'turnaround' plan can go sideways in so many ways - geopolitical, SHEIN & other competition, supply chain disruption, continuing drop in sales, brand erosion/appeal following cost cuts, slow/failed US expansion etc. etc. etc. and ASOS can easily find itself unable to refinance in less than 2 years time. That's when the vultures come in (e.g. MA) and take over the company for peanuts. The company now has an EV of £800m trading at all time low - I just don't see the upside for that level of uncertainty.
GLA
Ahh well nevermind. Thanks for your concerns.
Following largely 'positive' H1 results, it clearly hasn't moved the dial. The market does not have confidence in Calaramonte nor the turnaround plan. Not to mention SHEIN.
Move Along ……I’ll second that
It clearly isn't dead. You might be pessimistic about its prospects and you might prove to be right - that's the risk shareholders like myself are prepared to take - but it is still fighting for its future, has a lot of customers and has attracted interest from pretty savvy retailers like Mike Ashley.
@RobertoLittleDi
If you think this is such a dead duck then why don't you just move along? Your repetitive BS is so very dull...
Shore capital have been spot on about ASOS in the past 2 years
In the past 2 days 1 broker said sell and 2 said buy. law of average says its a buy 🤣. not that brokers are always right, but if youre going to bring recommendations into it at least give the full picture
Share price close to all time low, shorts close to all time high - The market has spoken - ASOS is dead
https://www.marketbeat.com/instant-alerts/lon-asc-reiterated-rating-2024-04-17/
Deutsche buy 500 Target
I suspect the BOD would want to defend against it, if one materialised … unless they’re made an offer that simply can’t be refused…