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The market is clearly pricing in the drop in future profitability.
Profit before tax expected to be between £100-£140m.
Once the market fully prices that in it it’s systems go.
Well Done, Claire...that last post and notification was less than 18 minutes from the bottom :)
Was it Level 2 or Technicals that helped? Your feedback is much appreciated...
Please can you post similar notifications each day next week so I can claim back my losses. Thank you.
If I get back my losses, an investment club would be a good idea!
GLA.
Scrapping the barrel now, getting to the end of the sell and consolidation ready for the climb back up.
Bought in these today at 2342, first time I have been in this share but I have watched it for a long time and it always seems to bounce back.
The Capital Market Day on November 10th will sort things out
- will no doubt be traders making it volatile until that detail is known
I'm no expert, but I think we'll see a gradual upwards movement over a few months. I don't expect instant fireworks. Got in around £24 and am just going to hold now.
fixed spelling etc..:
Hi Danf, just look at the share price history, and the narrative of the current decline.
The company booked more revenue and profit, and we are now moving into a time where due to both the natural rise in online shop and the pandemic, Asos are now a very recognised/stable/dominate part of the UK clothes shopping experience.
Consider next Spring to Autumn, potentially being the biggest holiday / travel period for the past couple of years, and this naturally will facilitate an increased in clothing sales.
The current drop is 2 fold:
Firstly: bottleneck of supply caused by a general market condition which is affecting everyone, however this is more a compounded affect by the media and general public panic buying. As such, in real terms this is a blip and speed bump.
Secondly the stepping down of the CEO. This will be resolved within 3 months, the board would have know about this for a while and potentially over the year being scouting for talent. Also even with the CEO being replaced, that does not stop the company which is still operating and making profit.
Taking all of these factors into consideration and looking forward, the reasonable price based on market value and product sector could be a lot higher.
hi Danf, just look at the share price history, and the narrative of the current decline.
The company booked more revenue and profit, and we are now moving into a time where due to both the nature rise in online shop and the pandemic that they are a recognised/stable/dominate part of the UK clothes shopping experience.
Consider next Spring to Autumn potentially being their biggest holiday / travel period for the past couple of years, and combined increase naturally is combined with an increased in clothing sales.
The current drop is 2 fold:
Bottleneck of supply caused is in a general market condition which is affecting everyone, however this is more a compounded affect by the media and rampage nature of the general public panic buying. As such, in real terms this is a blip and speed bump.
And secondly the stepping down of their CEO. This will be resolved within 3 months, the board would have know about this for a while and potentially over the year being scouting for talent. Also even with the CEO being replaced, that does not stop the company which is still operating and making profit.
Taking all of these factors into consideration and looking forward, the reasonable price based on market value and product sector could be a lot higher.
*opinions
Claire, are you a paid ramper? Lol all your posts about this share are mental.
Balanced options welcome.
the price will rise, be glad we have these moments to buy more cheap shares, this has mid 30's by xmas written all over it
Was hoping to build on yesterday’s finish… oh well