Member Info for BumBum

Hi ProInvestor,

Is there any timeline on when this will be finally settled and any payment made to shareholders? I’ve all but written off everything, but still come back to check every 3 months to see if theres been any developments.

Thanks in advance.

Knowbodyyouknow, price moved up? It’s moved up 2.75% from my exit price! I wish you all the best of luck honestly, I personally just had enough of holding onto ASOS and losing money and more importantly hope. Nothing moves the SP, its range bound by the 10-12% short interest. The outlook whatever you believe is bleak, if you honestly think there’s only upwards movements from here and no further downward pressures then you are deluded. This could drop 10-15% just a quickly as it could move to 415-420 range. I wasn’t prepared to hold this in my portfolio any longer. As I said, I moved into US mega cap tech based stock, with zero debt, huge cash generating cash cows, that have no short interest and the world and his uncle are investing, no chance of a complete wipe out. And yes, just look at what the likes of Apple, Alphabet, Microsoft, Amazon, Meta, Intel & Nvidia have gained in the last 10 trading days. I’m not prepared to keep fighting the big players and market movers, now I’m far more relaxed and happy to be out of ASOS. This is just me personally, we all have an opinion and mine is just as warranted as yours.

I wish you the best of luck and hope that ASOS one day finally comes good and all LTH get their pay day. Have a great weekend a beer and be happy.

So many warning signs on ASOS now, highest shorted stock in the UK, multiple broker downgrades, forced sale of TS which given market conditions will be at a loss to what they paid, considering they over bid to get TS, all potential bidders now ASOS is in trouble and a distressed seller. At current SP ASOS is still a going concern, just watch this fall like a knife through butter as soon as ASOS downgrades its guidance or doesn’t meet its own targets. To much competition now in a crowded market. DYOR but please please don’t listen to the bull posted on this board, retail investors ALWAYS lose. Manage your own risk and holdings in any one stock. GLA

Rising, because my shares which were all sold at 370 have gone through, that many shares with low volume it took 3 hours to sell and now there’s little resistance. Anyway, don’t need to prove anything to you.

I’m fully out now, managed to sell my 88’000 shares, it’s taken a few hours but quite honestly it’s a relief. So many other shares to invest into especially in the US, the LSE especially 250 and aim are completely useless.

Anyway GLA I hope at some point there’s a turnaround, you definitely deserve it after the recent performance. I just think the risk/reward is completely unacceptable in the next 12 months.

The companies in real difficulties, TS has to be sold regardless of the price received and all bidders know this, it will be a fire sale in the end. I’ve decided enough is enough and trying to offload my holdings today, problem is there’s zero volume and no one is buying. All stocks are turning a corner due to improving global macros, ASOS is a dead duck for the next 12 months.

Nothing is incorrect we are ALL guessing and we all got it wrong before the results yesterday. Everything looks potentially promising until it isn’t… I’m just playing devils advocate! The ASOS picture is disturbing and for us to be saying 24 is a right off and to come back in 25, means we should all sell and invest in something else for 12 months that has the opportunity to make positive returns with the downside risks.

Will all have an opinion but when it influences othered decisions I think we all need to be careful.

I don’t think there’s any offer and why would anyone offer 600 when ASOS is in trouble. Do your research and you’ll know MA only takes companies out of administration for pennies.

Quite seriously, what do ASOS have apart from a young database of customers which is falling by the day? The whole business could implode in a matter of quarters, if they’ve got their math wrong or the market conditions worsen, ASOS could be worth nothing. The HAVE to sell TS just to shore up the balance sheet and even then it’s only in survival mode.

This is a coin flip at best, we won’t see 600 anytime in the next 12 months. The placing price maybe 410-420 but then we all need to take a good look and decide if we are better cutting losses with something instead of nothing. Of course there will be a few dead cat bounces along the way, but I personally feel Asos is in trouble, yesterday was probably the sugar coated version, just imagine…

DYOR

As expected poor results and even worse forward guidance, market is going to crucify this today, shorts increasing and could easily drop to 320-330 range. I wish I sold my holding yesterday, but always the eternal optimist! No news on TS, this share will underperform for 12 months + only hope is a bidding war for TS and or a take over, neither which I’m confident of, could quite easily have to sell TS in a fire sale to keep the company operational. High double digit revenue declines… ouch

Good luck all LTH, it’s been a dreadful 12 months, let’s hope we can break the trend and move onwards and upwards!

Shorters would have calculated and spent many man hits going through predictive numbers and possible outcomes given the company, sector and macros. They’ve decided to make this the number one shorted stock in the UK for a reason.

The delay and subsequent TS rumours are linked. Hope I’m wrong but if we are all honest this is what we all feel.

Clown really? Let’s see… please tell what ASOS are going to say tomorrow for the SP to jump 20%?

100% us LTH will be disappointed as we always are… nothing knew will be announced and if anything there probably will be a statement on worsening macros and economic outlook for 2024. Lowering guidance for revenue but bla bla cost cutting is working and slight increase in profitability. I wouldn’t be surprised to hear that they need/being forced to sell TS to shore up the balance sheet and remain a going concern for the banks.

Predictions?!? Drop of 15%

Lol you have to laugh at this piece of s££t stock… whole market is up 2-3% Boohoo up 2.6% and ASOS is in the red… what a complete joke! Nothing absolutely nothing will move this SP and to think a few months back we were at £10, let alone £50. The company is priced to pop and I’m starting to believe the company is in real trouble financially and the 7-10% short interest know this.

Let’s see what the actions like at opening, if there’s an auction and shorters trying to exit quietly without disturbing the SP!

It does make you think about the mcap and potential value of Top Shop, why buy Top Shop for 200-250m (if a bidding war starts) when you could buy the whole company for ??? An offer of was placed in December/January for £10, which wasn’t disclosed but funnily enough the SP hit £10 in January… if ASOS can sell Top Shop for £200-250m then the SP should double, but you must think that this kind of play by ASOS will entice or force certain big players hand in something positive for the SP. Although not the ideal economic backdrop with the BOE likely to highlight UK recession (Bloomberg today) let’s see if we go in and out of auction tomorrow morning. You have to think that the shorters must be somewhat concerned about how this plays out.

British bulls went negative with a sell rating on ASOS Thursday and yesterday told investors to remain in cash and not to be invested in ASOS and to wait on the sidelines… what do they know? Is this the smartest move or have they got it completely wrong? All the signs with the huge short interest and professionals saying to be in cash is very concerning.

I’ve seen this before with other companies, being forced to sell the Crown Jewels, to sure up the balance sheets and pay off expensive debt. The markets and bidders know this and will have ASOS’ pants down when offers are made. Given current markets conditions I’d be surprised if they get more than 150m for Topshop and if they don’t accept that the market knows ASOS is in trouble. I think this all ties in with the delayed results and the SP will be under further pressure and short interest increased. I think everyone is being far to optimistic looking at this through rose tinted.

I’m a LTH of ASOS with a sizeable holding, nursing heavy losses.

Why is this the largest shorted stock in the exchange and why is ASOS mcap so ridiculously low if it’s not priced to fail? I like to believe in the turnaround which agreed is happening but you can’t fight 7-9% short. If there’s any bad or unforeseen news on the horizon both company/sector specific or recession etc this could go lower. The days of 700-1000 seem a long time ago and I’m realistic that 1st Nov isn’t going to do anything budge the 380-420 range.

Would be happy to proved wrong.

Incredible that only 13’000 shares traded today, which equates to £50k… know one is buying or selling, shorts aren’t closing, everyone is in a holding pattern. Next week’s results and guidance won’t shift the SP either, nothing new for the market, this seems to be range bound 380-420 and I don’t see anything shifting this in the short term. Maybe at some point next year global macros might start improving and we get a leg up then, but we are a long way off reaching the levels (700) we saw just 6 months ago. The market and the shorter have this priced to continue making losses for the coming years and even to be an issue as a going concern… Do they know something that us retail don’t? Is the extension by PWC because ASOS might be in more trouble than they’re letting on.