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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…
It’s not my investment case here but this must be absolutely primed for a bid right now. Reasons are well documented and understood here, so won’t rehash them. Haven’t listened to the conference call but to those that have, was a potential bid mentioned?
Absolutely :)
100notout…. If shorters want to buy back at £10…. That will do me too. As holders… we have genuine reason to be happy for y25!
I am so torn here right now. The chart looks primed for another crack at the 200 DMA (IMO), but no inside buying yet since the update. Short interest is still high (although coming down at the time of print).
Wider markets and macro stuff still makes me feel like extra caution is wise right now. And that it would be better to wait for a confirmed break to the update (at least over the 50 anyway).
Any purely technical traders here? Feel free to disagree, my chart reading skills remain limited at best :)
It’s also moved through a bunch of technicals, like a knife through butter. They have to reduce now but it also needs to close above 362, for a decent move up towards the 200mda.
GLA