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Ha ha brilliant.
Shorts are down larcos, you missed the part where it doesnt show shorts until the next day, so trading update, price went up, shorts came down….still gonna beat that same drum now? 😂 hope everyone can make money here, except you, i hope your short burns
Agreed @blabla.
The way I see it, the charts are one useful tool in the arsnal of tools available to investors, in order to make a rational investment decision.
Majority of LTH here have used those tools and purchased their little chunk of the business.
Alls we can do now is dip in and out of those tools to see how we are getting on.
Takeovers ofcourse, can only be surmised upon.
Whether they are likely or unlikely given the situation.
In ASOS's case, given the wealth of Shein and their aspirations to float on on the Western markets,it is very likely of a takeover.
Well said. Come on ASOS !!
For me the glass is half full but yep i am a LTH here for the business thesis turnaround. A bid is not included in that one, could happen like also an escalation in a war between israel and iran can happen with a barrel at 130 USD en macro turns to .... again. How you or the market interprets the trading update is the name of the game. A lot of information is lacking, so I need to fall back on inductive reasoning and try to guess the odds. If you wait for a full proof of the recovery working you are left behind, that is why investing has an element of risk in it. For me one thing is clear, looking at charts and trying to predict the future is a much greater risk. Like a famous math guy once said many years ago, the mathematical expectation of the speculator is zero. Perhaps he is right, i do not know but what I do know is that if Jose and his team keep working like this and get a tailwind the upside to 10-12 is there for the taking. GLA and njoy your weekend. Long asos!
On trading update day the price rose to £3.78, since then we had the H1 results and the price has dropped close to all time low and shorts are up.
The question is - Why did that happen given that (you think) the H1 results / outlook were positive?
Calaramonte needs to go
@roberto - the price at close of play on 25th March was 3.46 so therefore it’s higher not lower.
Happy to help. Facts matter.
All of us are factually correct but you my friend are comparing apples with oranges.
According to your warped logic if a share price is at £2 , then rises to £4 after a trading update but then falls back to £2.50 . In your bizarre world this apparently means that the price has fallen 😂
Get your facts straight ppl
The trading update on 26 March. share price closed £3.78
Correct Khelder, as illustrated by my first link in my other post
RobertoLarcos - “ The price is lower than it was after the trading update”
The price is actually higher than it was before the trading update.
The market has spoken, wake up.
I only stated FACTS... but some people on here just can't accept it (or any other opposing views)
YOU started it ;)
James seriously... how old are you? The price is lower than it was after the trading update
The market has spoken, wake up
@Roberto I think you're a little mistaken.
Please see below links for how.
First links shows time of update price v today's price.
Second link shows what I call 'a Roberto pattern' possibly forming.
Good luck kind sir x
https://ibb.co/ngFPNLT
https://ibb.co/DwmVr4j
Good post sj74.
Jamesss - I’ll try and dig out an article or two when I have a moment. It’s not a conspiratorial complaint - there are some real problems with the LSE which need pressing attention.
2 days following the so much anticipated H1 update, share price is down & shorts are up
Wishful thinking Celtic
We are all here because we think it will go to expectation. Return to growth this half. September onwards improving margins and earnings and revenue growth. A lot of the hard work is done, rightsizing stock and improving balance sheet as well as a faster more agile business. If there is going to be a takeover it will be this year.. if not we get the full turnaround and gradually improving updates with the business becoming more and more valuable. The Market Cap won't stay This low, market pressures will eventually take hold. :)
Separate point, 60% of stock is now being sold at full price.. a lot of that could be from March onwards which won't show on the margins/revenue until second half reporting.
Whilst the turnaround is ongoing I'm liking the longer reporting procedures, it gives ASOS a lot more to report on when they do report and show significant progress being made.
I suspect in FY25 going forwards newsflow will start to become more frequent again.
Cheers @kYK
And I agree @notout, if they're refused London floatation then there a very real possibility of silly prices being paid.
If the turnaround plays to expectations then, then longer they leave it, the more expensive ASOS will become.
I don't think they can float in the US so London is a possibility.
I think 4 to 5 times the price is achievable and most holders would go for that but what the 3 big holders want is another story, but perhaps they would like a stake in Shein. All we need is one party to make a move and many more will come crawling out of the woodwork. The risk reward is looking decent here especially with so many hedge funds shorting.
“Why do we think the London Stock Exchange is not offering fair value and how in the world do we fix it?”
Numerous articles documenting the struggles of the exchange to value dynamic tech-based companies - particularly those orientated to growth. I’ve posted a bunch of these before (probably find some links looking at my posting history). Not sure the US is the solution necessary. There’s a review of the London markets taking place at the moment in an effort to modernise. Hopefully may make some difference - here’s to hoping.
Goldman Sachs raises Asos price target to 360 (320) pence - 'sell'
@100notout
This is my thinking and along the lines of something I've suggested myself on here.
Buying ASOS is a drop in the bucket for them, even if they offered x5 the current market cap.
All the brands they would get aswell as a listing on London.
@knowbodyyouknow I've heard this mentioned many times now.
Why do we think the London Stock Exchange is not offering fair value and how in the world do we fix it?
Asos could float over the pond on New York stock exchange maybe?