Member Info for clairesmith

Asos will be one of the big winners this festive season.
look at the facts:
first winter in 2 years that people will be outdoors in mass, so will need new warm clothing.
Asos have bought up their major rivals (Topshop), so will get their business.
Xmas is a massive sales period, and anyone over 12 wants clothing to look cool on social media, which is a massive market.

This share is way over sold and the major holders are buying up everything, plus the business is making money and in a more dominant position than before 2020.

last of the sell off, wonder if we will see another RNS of a major holder increasing their position at these cheap prices

58% of these shares are held by 7 parties, thats a lot of the free float locked up which is great news:

Bestseller A/S (DK) own 25,964,404 shares = 25.98%
T. Rowe Price Group own 14,107,547 shares = 14.12%
Camelot Capital Partners LLC (US) own 6,002,332 shares = 6.01%
Capital Group Companies, Inc. own 5,865,146 shares = 5.87%
Baillie Gifford & Co Ltd (SC) own 5,336,851 shares = 5.34%
Abrdn Plc own 3,862,188 shares = 3.86%
Robertson N J own 3,336,414 shares = 3.34%

RNS: Camelot Capital Partners have increased their holding in the company from 5.19% to 6.01%

with this and the RNS of T. Rowe Price International Ltd increasing their holding, you can see the big money knows this is a cheap share price currently

the current low is silliness, the company is making money in a better position than before 2020, and it a great position moving forward with their loyal customer base.
buy while you can at discount, at some point a new CEO and market bounce can happen

Let it have it's dip, and flush out all the paper hands and weak soy boys, the Xmas season is upon us, and the clothing sales will be amazing.
This share is returning to it's rightful place in the 30, onwards and upwards.

GLA, DYOR

ASOS market is people in their twenties, and guess what after 2 years locked away they want to socialise, which means lots of clothing.
ASOS will be fine and this share price is way oversold

the interest rates will affect house buying and big purchases, this wont affect clothing buying in any material way.

all the bad news and doom is out in the open, the share price as settled to a natural floor, this should now start to recover.
the Next statement was in line with Asos, that they will make money just being cautious

ive bought and hold stocking now at 580. However what's really important to me is that @Charlesrixon recognises game when he sees it, as ive called the various prices on this share consistently for months.

Anyone want to guess when this will bounce to 650?

Well turns out 580 was correct, hope everyone got a nice top up

Strangely I can see this share all of suddenly move to 30 to lock out any more cheap share buying.
With Xmas on the way and ASOS being in a very powerful market position the share at this relatively cheap

Strangely I can see this share all of suddenly move to 30 to lock out any more cheap share buying.
With Xmas on the way and ASOS being in a very powerful market position the share at this relatively cheap price can't last for long.

@charles, yes apologies i skim read the RNS and got mixed up.

this third placing means: 1) further dilution of shares, 2) that tomorrow will be brutal as players look to bring down the price to buy what they can at the cheapest before the placing price is confirmed.

because i have a sneak suspicion that tomorrow will be carnage and then platform building day.

if i can get in at 580 around 10am tomorrow then all good. if not then best wishes to everyone that has bought, and may they have diamond hands for the journey back to the north

can see this be shaken one last time towards the 25 region and start its return back up to the 27ish region before good news comes out