Member Info for clairesmith

looking good for the increase in customer traffic to Asos.
And now in xmas and january fashion sales period, with Asos being one of the biggest and well loved brands in the sector.
very excited to be in now at this low price with a bright future ahead

given the changing nature of the high street, the rival landscape, and what consumers want for xmas now, it looks like Asos will be a massive winner of this period.
Long term this company is a dominate force in fashion retail.

they are struggling with demand, they shipped alot of product, and now in full xmas mode.

they have good staff and retention levels with the warehousing and logistics side of things.

looking through their careers section on linkedin you can see they are now pushing to expand across EU and ramping up for a big 2022

based on the current MCAP legacy high points and the actual market landscape at the moment, this share is a great opportunity.
come January sales figure this will rocket on good news.

i'm sure BoJo will mess up whatever plans Mi6 have but saying the code word of something else.
i think its time for britain to regain its back water title the Romans bestowed on it.
things were much nicer on the island when it was such the focus of the world.

website traffic numbers are up and this company is doing very well at the moment.
the price drop and mcap does not represent the dominate position they have currently, and into the future.
the next 5 years will be dominated by Asos, as it will take a long time for any material competitor to enter the picture.

I got

Boohoo and Asos prices are very closely linked, and both getting dragged down unfairly by general market sentiment, however both are in the biggest trading period of the year, and looking at the market maybe biggest year ever for them both as they have affectively bought up all their rivals that would have taken some of the revenue away.

Barclaycard Payments says that between midnight and 9am today, it saw transactions – both online and in-store – running 21.4% higher than on Black Friday 2020, and 5.4% higher than in 2019. The company boasts processing £1 in every £3 spent in the UK on credit and debit cards.

source: https://internetretailing.net/themes/peak-2021-how-are-shoppers-spending-this-black-friday-24090

Barclaycard Payments says that between midnight and 9am today, it saw transactions – both online and in-store – running 21.4% higher than on Black Friday 2020, and 5.4% higher than in 2019. The company boasts processing £1 in every £3 spent in the UK on credit and debit cards.

source: https://internetretailing.net/themes/peak-2021-how-are-shoppers-spending-this-black-friday-24090

look at the trading pattern the past week, like i have said the whole time, this is being slow played, any buys are being matched down with sells, this is dropping the price but no causing such a sudden drop.
if an big (£2-£3M) sells drop in then the price will bottom again.
the short term is from here to 370 and maybe up till 510.
620 based on everything going well and ML getting sorted looking at March 2022.

this is now in the low term run and churn. unless serious world changing news comes out then the steam and hype on this share are done.

this is what i said previously:
"clairesmith
Posted in: ASC
Posts: 1,826
Price: 2,766.00
No Opinion
RE: Asos launching an Ingenuity for clothes10 Nov 2021 13:54
the price looks like it was pumped on the good news, and the sellers have been those that bought in at 24
this should cool back down to the 25 - 26 region over the next few days"

no I haven't, I've only been saying this will do well from when it dropped to 2300.
Are you okay, very aggressive attitude and not looking at the facts.

When the trading statement comes out in January this will rocket, looking at their web traffic ASOS are getting a lot of visitors

new entry point 370

I was given some wise thoughts on ML and the current market price, hence my change of sentiment currently.
Tech great however the ML and BoD potentially being investigated is worrying

dont be so bitter Charles, it is very unbecoming.
until ML issue resolved this share is stuck in limbo.

the volume of buys and sell have slowed to a snails place, and in context of the whole market most things are down or in stall mate.
it appears most of the market is frozen at the moment, so the general flow of money is lower.
are you seriously not looking at things in context, with historic and future looking empirical evidence.

did you ever consider that the CEO has made a load of money and decided he wants to do other things with his life.
maybe 2020 was a wake up call and he wants to take the family to different places in the world and enjoy life.
what's the point of working for only work sake, aren't we all trying to get money to get a better life in some way.
the board probably wanted another 5 to 10 year commitment from them and they decided that was too long a period to stay at the same company.

also you dont need to look at the past with this share, as based on web traffic reports and what the company have said on their own app usage it appears large volume revenue period is happening to Asos.

this is a massive company they will be fine even if it takes a while for the replacement CEO to take up the position.
They have a large robust and very talented managerial team in place, the ceo is just a totem at this point.
the fact GAP has closed all its stores, Top Shop is now owned by Asos, and H&M have reduced locations, means that the physical highstreets has less competition to Asos online way of selling.
Add to this that we have had 2 years of the majority of people buying clothing from online, means they are more familiar with this method of shopping and also know their size... to give confidence in their purchases.
And finally, gone are the days where children want toys for xmas, they now want clothing, and keeping up with the jones is a corner shop to western society, as such the volume of sales they will be getting based on social motivations combined with growth of population and customer base equals some very promising sales.
Asos is of THE fashion retailers in the UK now with a dominate position.