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.
RE: Darktrace Signs Multi-Million-Dollar Deal with Global Leader in Automotive Technology and Electronic29 Nov 2021 10:14
At the moment they are trying to justify their £3.2b MCAP. However until ML issue resolved then the danger of holders that are in profit selling is present. I'm holding, but have decided to right off this share and will look again later next year to see if improved.
Makes no sense what is happening to Add, their web traffic and app users are up. They are selling so much they had to notify some customers of a days delays because they are moving so much volume. Asos are in a fantastic position, and very cheap entry point currently.
Hey_arnold, compared to BooHoo, ASOS are a golden share, the issues they faced were the same as everyone, however it appears the high street didn't bounce back by digital fashion retail is still going strong. Asos web traffic numbers are up in last year, and they are in a fantastic position. Anyone older than 12 in this country wants clothing for Xmas now days, with ASOS benefiting massively from this.
Hilarious to see the price down, but gave a great chance to buy more. We are going through the biggest sales period of the year from now to January, and ASOS are one of the largest fashion retail companies in the UK which a large volume of the 20 to 30 market now use as the high street is dead.
Would it be crazy if this went to 370?28 Nov 2021 13:37
Just playing devils advocate, looking at things as they are with revenue, the ML issues, market factors, could this suddenly drop is some other big holders decide to exit with profit if they have a more near term opportunity somewhere else?
RE: US growth, Nordstorm crash and ASOS Nordstorm partnership26 Nov 2021 15:54
just being p pulled down by the market, from what i understand their sales now and the run up to xmas are doing very well. the high street is dead and people are sticking with Asos. come next week this will be in the mid 26 again
the issue this shares faces now is all the people in profit and deciding to exit. the share churn has been even, as such can see this drift further down in the short term until the legacy holders stop selling