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Interestingly that video was taken at its peak price during its last bull run. No one knew after that it would be years of declines. They were Uber bullish still. The same will be for this on the opposite. We won't know when the bottom comes in until alot further down the line and we subsequently rise for a few years or so .. :)
Lol, up 3% and that equated to 200p or so. Brilliant. We need to do a 70% rise for that now haha
Imagine
https://youtube.com/shorts/ZmbhTl4aPSQ?si=A_d23BpndgqcQnpi
Desperate big Roberto. . don't think they are dead...think you panicking on your short....asos will come around....right strategy in place
If we do see £15 by Xmas then I'll probably be out and have a tremendous Xmas lol
I'm not jinxing myself, done it before lol. I'm bullish here compared to what the SP shows.. However, I do agree with you.. maybe not £15 but it will turn around this year. Imo
I am really surprised to see that the shorts have increased here. At least, based on the latest short tracker update. Might be lower tomorrow, of course.
Come on, Jose, put your hand in your pocket and buy a big chunk like Barker did recently!
Nothing speaks louder than such a statement of intent IMO. Not to mention take another slice of shares away from the shorts, who at some point are going to surely want/need to buy them back.... GLA.
I think 15 quid by Xmas here.
Turnaround confirmed and profits on the horizon..
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.