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I mean it is a bad investment, I think we all know that, just hoping for a recovery play. Thing is you put share raise in an RNS and the price is only going one way, never understand why companies do this, was the same with HE1
Iron have fully drawn down all loans and have £25k in the bank, so no one died but the firm is close to it! Will need to be a capital raise and dilution. Already down 80% on my investment, and will get worse before it gets better.
Perhaps Asos wanted a change a she is saving face
Interesting to see the rise, only 93.5% down now. Tempted to double up but that seems illogical and essentially just a gamble….
*forecast to come down
Hopefully their profit is down because they are having to pay away so much revenue to asos for new clothing that’s flying out :)
Although I did ride it up from £11 after pandemic so got to take the rough with the smooth
£22 for me and this with serious averaging down
There is a lot of head wind with inflation, fuel costs etc but I think the holiday / summer market, and mainly US growth will save us. Nordstrom selling asos and the physical stores could see huge growth to close the year. Fingers crossed anyway, I have bought all the way down. Tempted by one more chunk at this price.
Just another 400% and I’ll be back to even, going to have to be some cracking news!
That may even get me back to break even! Just!
I averaged down with ADV and ended up losing almost double! Not going to see a return there!
Didn’t learn anything though, averaged down on ASOS this morning and have been since £50.
Thankfull I was able to ride ASOS up from £11 in 2020! Still deep in red though!
Hopefully the squeeze on income works for us, push people away from the bigger expensive brands onto ASOS own brand!
Sentiment lost for sure but today’s drop is probably more linked to Ukraine Russia
Bought with the intention of selling before results….got greedy as usual! Need to learn to take some profit. Have done a small top in case of a miracle!