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I find it interesting how every single 'negative' comment is being criticized / attacked. If national debt and public spending aren't considered macroeconomic issues, then what are?
LWHL , what has national debt and Public spending got to do with the macro situation?
I'd be careful on those sidelines ;)
2.3% v expected 2.1% headline rate....who cares. Would they rather go back to 10% plus level again?
Should 2% be the long term target anymore? Interest rates way too low over past 15 years. Not an economist.....just putting across an alternative view
All going in the right direction, slowly but surely 😎
UK inflation dropped less sharply than expected to 2.3 per cent in April, despite falling energy prices, denting expectations that the Bank of England will lower interest rates this summer.
The rise in the consumer price index was higher than the 2.1 per cent predicted by the BoE and economists polled by Reuters.
Sterling strengthens as UK inflation rate falls by less than expected
The pound edged higher against the dollar on Wednesday after UK inflation figures came in higher than forecast.
Sterling rose 0.3 per cent to $1.2741 after official figures showed consumer prices rose 2.3 per cent in the year to April. The Bank of England and economists polled by Reuters had expected the headline rate to drop to 2.1 per cent.
Hopefully good for the markets today and for discretionary spend stocks like ASOS.
Still on the sidelines, but rooting for you current holders. Hopefully you can break above the 200 DMA and hold it this time. If you can, then I agree the short interest is likely to reduce considerably in the weeks ahead.
The macro picture remains poor, the national debt pile and public spending costs are frankly awful, thanks to the useless Hunts in Parliament.
But that is macro stuff. GLA.
GBP moving up against USD & EUR so supporting expected growth in summer travel away from 🇬🇧 ☔️ = lots of clothing purchases
Inflation has fallen from 3.2% to 2.3%.
Unbelievable stark contrast between the indexes in the US and U.K. night and day!
U.K. has to bounce hard at some point.
I think we may see shorts down below 4% by the end of June 🤞
Inflation likely down
Interest rates will follow
Summer season for travel looking strong
US records on markets yesterday
US companies looking to buy UK companies on the cheap
All indicators strong here
Inflation print tomorrow - 7am.
Could move the needle a little - either way.
GLA
That is good news.
Share price creeps up, shorts creep down :)
Wrong board
It's been downhill so far 😞
Robo, stop getting worked up and enjoy the ride.
Always with the panicking and worrying.
Chill 😎
Now.
I don't know.... you brought it up. How did you come up with a "replacement cost" of £800m+ ?
Perhaps you can answer the questions? Would be refreshing for a lot of people here.....So you think a pure online player operates on air? Let us see in the future who is on the right side of the trade. GL.
Still waiting 💀
Pls calm down. I only corrected you on a statement you made which was false (the equity value).
I don't know what replacement costs have to do with an online pure-play retailer and how you decided that they're worth more than the current value of the company (which is c.£800m).
Replacement costs (not Enterprise value) means what it would costs a competitor to build the whole infrastructure themselves. Try building a 3 B business with 23 M customers, some great brands, warehouses, IT, business skills, etc. Will not be possible for that amount. Furthermore the EPV is static(reality is not) it does not include growth and the 3000 M is below current revenues. Debt is an issue but you need to believe the turnaround and macro sentiment improvement, why otherwise invest in a turnaround? But even better, why being at a board constantly telling what sucks at a business. What is the ROI there? Are you short? What do you learn this way? How does this compound your character?
Investing is partly numbers and partly narrative. If I am wrong so be it, but with my buy price it is heads up I win big, heads down i lose little. Asos will be up once the winds start blowing the right angle. Watch and learn.