Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
What a load of B*ll*cks people talk on here!
Retailers are heaving at the moment, wouldn't listen to the nonsense being churned out by the press, as they only every chat doom! Most people are better off than they have ever been.
Energy Crisis, another load of old B*ll*cks, the government have just bailed everyone out for another 2 years! They just need to freeze the interest rates and things are back to normal.
No need for all the Tax cuts, except for those that attract larger businesses to relocate to the UK.
Its gonna be a mega Xmas..... Looking forward to buying more BOO...
ASOS in Mega expansion mode... This company has all the credentials to be one of the worlds largest fashion and beauty retailers! As I have said before, it needed to shed it previous structure, like a snake shedding its old skin. I understand that when a company is expanding, sometimes you need a change of management structure to take it to the next level.
94.8M pages visits, and ranked no.2 category in the UK and ranked 271, most visited site in the World. To put this in perspective, Nike is ranked 218.
Coming from a E commerce background myself, I understand how difficult it is to achieve exposure of this magnitude, most companies will only ever dream about this type of exposure.. Suppliers will be stumbling over themselves to get their goods sold on ASOS.
ASOS could sell absolutely anything they wanted, or advertise anything, as this type of global reach is phenominal
I understand the cost of entering E commerce, its not cheap, its a massive learning curve and logistical undertaking.
How this company has not been bought up at this price, is quite simply incredible. If I could afford it, I would of have bought the lot, as all you need is a bit of vision.
I might have to start thinking about getting a job at this company, as there's nothing not to love about this company! I will be buying plenty more if it drops again.
Retail week :)
Asos poaches Nike exec to lead sportswear and outdoor divisionBy Rosie Shepard6 September 2022Tim Phipps
Asos has hired former Nike executive Tim Phipps as its new sportswear and outdoor director.
Phipps spent nine years at Nike, including leading Nike sportswear sales for EMEA.
Top Rising Industry Sectors
Automotive +1.41%
Retailers +1.26%
Banking +0.90%
Personal Goods +0.79%
Health Care and Related Services +0.74%
Top Falling Industry Sectors
Precious Metals -5.67%
Electricity Generation and Distribution -4.97%
Industrial Metals -3.50%
Medicine and Biotech -2.42%
Gas and Water
The reality is ASOS are well positioned for long term expansion as the cost of living crisis will directly affect those who have retail premises where costs will rise significantly. If any retail establishment will fail, it will be those on the hight street first.
The reality is what ever happens, most youngsters will spend their hard earn't cash on clothing, like we all did at that age. Many are living at home nowadays, so they won't be affected.
ASOS along with TOP SHOP is a strong brand, they have predicted the market well, by forward ordering, cushioning themselves from the impact of significant increased costs, as well as taking a financing option at a very low rate for growth by acquisition when others will fail.
Some people are underestimating the capabilities of this company and thats a good thing as it makes the price cheap for those that have a deeper understanding. I feel the company has made some very smart, prudent moves. It invests in people, has a global reach and is growing at the right pace along with a loyal following in a technology that is the future of retail.
The dormers only focus on the negatives and they are unable to see anything further than what the press spouts out to put everyone into a panic. When will people realise the press only prints the negative side of everything and thats always sensationalised beyond any reason!
Fortune favours the BOLD... Brilliant solid company, world leader in fashion... rock bottom price!
Happy to keep buying at these prices and protect my cash from inflation.
Things will turn around and this share will rip!
ASOS is a global Fashion brand with global reach, has excellent customer service, and holds a number of major brands. The share is hugely oversold, and on every drop the share is being mopped up by investors who are patient. What an opportunity! Hopefully the shorter's will be clobbered to an extent they have never known before.
The company has outgrown its current management structure and is ready to level up, but many will see that as a negative along with the current inflation scenario. It's like outgrowing shoes that don't fit anymore.
Inflation will eventually come under control, however this will take a little more time before a major reversal, governments printed far too much money and this has created unprecedented consumer demand that just cannot be sustained. There was always going to be a pullback. If we have anyone to blame for this, it's the governments, and now we are all going to get punished for the incompetent decision making and irrational spending that t
Holding cash that is devaluing is a major mistake, unless you are riding on the hope prices going lower. We are already seeing prices lower than at the worst point of the pandemic when we thought half the world would drop dead. This is a PANIC sell... catapulted by the war in Ukraine and the energy crisis! you just cannot make this stuff up!
Oil companies are having it good at he moment, however all good things come to an end. Heavy gains will equal just as heavy drops in the future, it holds far more risk as alternative energy products will now become far more desirable and the decline in fossil fuels will begin. People will find ways to use less energy and pollute less, this can only be a good thing for our planet as it will be too expensive to waste like it has in the past. Unfortunately it needed to get to this point. Society needs to become less wasteful.
Asos is in a very strong position as they are a predominant fashion brand, and their aren't many of those left at the moment. They have a great following and strong customer base with credentials most companies would only dream to own. This is where you need to be for a modern day company. Hopefully our government will begin to tax heavily imports from China in order to stimulate manufacturing in this country again. We need to become more self reliant and less dependant.
Everyone needs a roof, food and clothing! Clothing makes people feel good and in a recession, there will be little impact on these sales.
ASOS have gone through hard times before and they will do again, they are a very attractive acquisition for any company that wishes to expand their portfolio. It passed it childhood and adolescence, its about to mature into its next chapter as a world leader in affordable and mid range fashion.
Hold tight, its going to be a bumpy ride, just like crypto! but it will be worth it in the end!
Was about to invest int his company, but after doing some research, I am myself finding irregularities like the story below reported by the guardian. Also prior to floatation most of the property it owned was sold to Matt Molding and then leased back to THG. The can also be found online.
And now talk of a demerger a few months after flotation. Big investors pulled out for a reason. And to be honest, something does not sound right. Also when pressed about the deal with SoftBank, things were not so upfront. mmmm...
The Guardian Sept 2020
The Hut Group, the Manchester-based e-commerce company preparing a £4.5bn stock exchange listing, cancelled a previous flotation following the discovery of a multimillion-pound fraud at the firm.
Details of the fraud and the subsequent collapse of the share offering – which dates back to 2011 – are contained within a 2014 judgment in a high court case that included THG being ordered to pay £10.8m to settle a claim from the owner of a business it had acquired.
The judge’s ruling explored how THG’s aggressive business culture during that time contributed to the fraud and stated how attitudes within its finance department had “allowed the fraud to flourish”.
The news of the historical accounting problems comes just a day after THG confirmed its intention to float, in a move that could value the company at £4.5bn and raise it around £920m of new funds.
Just added another load - Just cannot believe what I am seeing!
I ran a very successful beauty website for a number of years, and it grew exponentially over the years. It is not unheard of for CEO's to step down and for another to take over as being at the top can be energy draining. Also when a company grows likes ASOS, someone more experienced for the next growth phase can be very beneficial.
I am looking forward to seeing the next chapter of ASOS. Other retailers will have to pay the price for what ASOS has learnt over the past 10yrs. ASOS is a long way ahead of the game in digital enterprise, it customer service is unparalleled and the brands it owns are some of the most well known brands of our time.
The price drop seen for this company is way beyond that which is justified, there are hardly any other companies that have been hammered this hard who has this much success. This is pure panic by inexperienced investors cutting their losses.
My advice is to hold on, there are a lot of sharks out there wanting to shake you out of your holdings. This will come good in time, its a given as there are few companies that can deliver like ASOS.
Good opportunity to get into the share now... just bought in some more and will buy more on the way down if it goes further. Im fully confident in this as well as I was in crypto. I was £20k down on crypto when it crashed recently and now sitting on £20k profit ready for the bull run as crypto starts moving towards mass adoption.
Will be the same story with this share. This is where the future lies. people panicking about freight costs, well that will be significantly worse for high street shops as they need to cost in inflationary rent costs as well as all the HGV's to get their goods to store! ASOS does not require that and wins hands down on most fronts!
We only need one more pandemic and its bye bye high street! I know where I would rather be invested!
The thing I'm upset about is I was not up early enough to buy them at £23. Hopefully more will panic when they see the news and will get my chance then! Gotta get up earlier in future... it costing me lol.
Hight Street is nearing its death. Shopping malls much quieter than they used to be as people have are now in the habit of buying online and found it to be so much easier. The out of town big outlet centres will continue to trade.
Covid 19 accelerated this change and the landscape has changed dramatically. My friend has a high street shop and has been served his notice as they are now turning them into residential developments. This is happening more often now as residential property is becoming more valuable than retail space.
The age of digital has arrived.... and crypto is about to fly... hold tight! Fill your boots!
Financial times reporting UK house prices post biggest monthly rise since 2007!
https://www.ft.com/content/e8fb2d24-d1cb-4033-b855-6f248bd64885
Demand is still outstripping supply... I have no idea where Porsche gets his information from! It think it must be his crystal ball. These are facts... Inflation is rampant due to demand outstripping supply on all fronts. This is because everything is getting back to normal and it will take some time for normal supply levels to normalise. You really don't have to be a genius to work this one out. The press are jumping on every shortage and making a big deal out of everything. Even the fuel situation was only down to a few stations, the press blew this out of all proportion, like they always do! and guess what... everyone panicked... toilet roll saga no.2! the problem with this country is too many listen to the sensationalist BS the press spout out!
When will people learn, they are only interested in peddling misery and 98% never actually happens!
I think Porsche is Mr doom and gloom... about everything he says will be a disaster... If I was him I would pack my bags and leave the country..... I think the UK has done remarkably well, under very tough conditions.... nobody is perfect and mistakes are made! thats life! However the UK was one of the first countries out of the pandemic and has pretty much led the way.
Even though I would of preferred to stay in Europe myself, I really have no issue in being out of it either. I agree with Boris Johnson, we are a strong innovative nation and we are leaders in this world on so many front, far too vast to mention. I have full confidence in the UK and we will go from strength to strength.
Our press talk this country down so much, they are the biggest evil in this country, all they publish is contrived utter nonsense just to sell newspapers of their dying industry and the sadness is people believe this junk!
Employment is at an all time high, demand is high.... I have more work than I can handle, and am having trouble getting people to get work done if anything, so I do not see any of the rubbish Porsche is taking about, only conjecture!
All this scaremongering.... OMG! gas is going up.... well at the price it was, who is really surprised? REALLY! .... Just big headlines that get a reaction and all the sheep go running....
For me I carry on and continue to invest and will be happy with my large collection in a few years time as its better than having my cash sitting in the bank on low interest rates.
This just proves the amount of negative BS that has been speculated over the past few months is completely unfounded.. pretty much like the rest of the rubbish spouted about inflation. Cost are high because of low supply which will rectify!
The wave of job cuts many expected at the end of the furlough scheme has not happened, early data suggests.
The number of redundancies proposed by employers in September was close to record lows.
Many businesses with large numbers of furloughed workers say they have taken everyone back, and unions had not heard of major redundancy processes.
https://www.bbc.co.uk/news/business-58815665
UK gas prices fall from record high after Russia steps in
Export news
https://www.export.org.uk/news/579213/China-and-Germany-exports-and-production-rally-in-August-in-good-sign-for-global-trade.htm
China and Germany exports and production rally in August in good sign for global trade. New data from China has revealed there was a huge boost in trade with the rest of the world during the month of August.
Also ASOS page visits and Boohoos are receiving huge numbers... no change... ASOS sales in the USA and Russia is showing great strength... only the rest of the world to go... still plenty of market for ASOS and Boo... These 2 have only just started in global terms and are free to open high street shops if they ever felt the need too, which I very much doubt, but the opportunity is there with some of the best high street brands. This is not to mention what else they can bring to market to their huge social media following. People will always buy clothes, no matter how little they have as it makes them feel good.
In regards to property, well with prices of materials at sky high prices. and very low housing stock, I cannot see any drop in property prices, only rises. As again, this is down to the amount of money printing. I would rather have my cash in shares and property than sitting int he bank as that money is devaluing every day! And gold is old hat now, BTC has taken over as the new store of value... there are big changes happening now, but many are going back to traditional methods of investing when the whole landscape has changed!
Well that may be the absolute worse case scenario... however fuel costs have risen because of bigger demand in the far east and less availability from Russia. It was also inevitable that gas was going to rise, to come more in line with cleaner electricity costs obtained from carbon neutral sources, it's only a matter of time. Gas has been ridiculously low in comparison to electric for far too long, and considering its environmental impact, it's about time it's levelling up. Perhaps people will learn to respect it more when its a lot more expensive and stop wasting it and polluting the planet!
The UK has made trade agreements and will continue to do so. Inflation is inevitable with the huge global money printing that has gone on for the past 2yrs to help keep businesses afloat. Yes there is going to be fallout, the UK has left a long trading relationship and in the near term that will bite, but moving forwards we will be free to make our own deals globally. Every country is going to suffer for a while until the global economy recovers. Covid has bought many changes to how we travel, how we spend our free time ect.... We have seen how resilient ASOS and Boohoo were in the toughest of times, and I have no doubt that these 2 are well oversold based on a load of factors that will resolve themselves as the economy opens up . I have continued to buy chunks on the way down and will continue to do so as I am confident in what I am investing in. I suggest people only invest in what they are confident in.
I've noticed lately every little bit of FUD and people over react.... people get rich from these opportunities! UK Stock is CHEAP, Period! So many moaning over Brexit! that history, let's move forward! I chose to stay in the EU, but I have no issue with accepting what is! This would always be the more difficult path to begin with, everyone must realise that. Its like going through a difficult Break UP!
The UK have been given a rough ride lately.... as the EU gloat at every little bit of bad news, these are just teething problems, we have just transitioned out of a major trading relationship... its going to take time to stabilise! Things will turnaround, and when they do! BOOM! the UK like it has always done in the past will rebound strongly.