Member Info for giantsquid

so if you believe a man with a ***** can't put on a skirt and call himself a woman, you're not welcome in their stores? why is a diy chain even getting involved in this ridiculous argument? if the ceo has strong personal opinions on this topic, he should keep them to himself. and while we're on the topic, it's a biological fact that a man with a ***** who dresses as a woman - isn't a woman! i would say the ceo needs to go and soon. the company also needs to urgently issue a statement apologising for his remarks and reaffirming everyone is welcome in their stores. otherwise i can see a lot of people boycotting this company and going to b&q or homebase instead. none of which is going to be good for the share price.

Classic Friday afternoon profit taking after yesterday's big rise. Come Monday morning this will most likely be on the move back up again.

I wonder if any of the long term suckers who defended Mooky through thick and thin & attacked anyone who criticised him - still believe he's Mr.Wonderful who always selflessly puts the interests of his shareholders first? I hate to say it but the "trolls" were right about Mooky all along.

Cineworld chief executive Mooky Greidinger and his management team have bagged a combined payout approaching $35mn from the struggling cinema operator’s lenders to sweeten their departure from the company after it emerges from Chapter 11 proceedings next month.

https://www.ft.com/content/26dfe7e1-a0f9-43b9-9fad-9a839fcca2c

Why are people still buying when the company is on the brink of filing for administration? What part of shareholder wipeout don't they understand?

"I feel many investors on this site seem to invest on their sentiments than actual stat analysis and fundamentals. Anywho, I'm out. This stock is for the individuals with stronger stomachs, far too volatile"

So basically you're one of those people you talk about? Talk about contradict yourself, lol

The stock has been significantly de-risked after today's update, the company clearly making good progress, has the right strategy in place and is moving in the right direction. Shares in issue remains miniscule - so any positivity can move the share price by a lot in a very short space of time. I would imagine a lot of bargain hunters are likely to pile into this now. Can see £4+ coming imminently.

Perhaps shein will put in an offer? Removing the competition and acquiring ASOS customers would seem a shrewd move? Especially at a time when ASOS shares are so low.

”What a dog share this really is"

It's only a dog of you timed your entry wrong

Unless you're happy for your money to be tied up in this for years to come, with every possibility the share price could go lower still, possibly significantly so, it's best to stay out and watch from the sidelines. The dividends are attractive but there's no guarantee they won't be cut given the company's ongoing struggles. At some point this might be a wonderful buying opportunity. That time is probably a long way off in my opinion.

Shein is a major reason why the shares have gone down so much. The playing field has all changed. Boo and ASOS will probably have to get used to trading in a much lower range than what they've been used to. It probably does mean that previous highs are unlikely to be tested again - unless shein goes tits up but that seems unlikely.

I hope you get your £2

I'm not short, don't do shorting, never have & have no interest.

I'm 100% in cash on the sidelines right now, there are plenty of stocks on the floor atm but I'm not tempted primarily because of the Ukraine situation which I think could get a lot worse possibly direct conflict with nato. Scary prospect that would destroy the markets. I'm staying out.

"give your deramping a rest"

Err, i haven't posted here for months..

And regards my "deramping" i strongly suspect this will bottom out significantly below £1, probably around 50p. That's my view and I'm entitled to post it. And i do believe debt is a major problem and i do believe it's the primary reason why the share price is in terminal decline. Those are my views and I'm entitled to post them. Filter if you're underwater so much that you can't handle even the smallest of criticisms.

The company has huge debt. That's why it's sinking. Sub £1 incoming.

There are lots of cheap shares atm, Vodafone being one of them. My biggest concern with investing atm is the Ukraine situation - if Russia was to declare the invasion over and begin to pull out, global stocks would rally. The Ukraine situation is having a massive effect on the markets. Unfortunately I can't see it being over for a long time, indeed it may yet get a hell of a lot worse with the risk of direct military conflict between Russia and NATO a distinct possibility, even the risk of nuclear conflict can't be ruled out. We can blame inflation, covid, the economy, debt etc for the miserable share price action here and elsewhere - all of which may indeed have some bearing on the share price, but until the Ukraine crisis has blown over, I think global markets will continue to be jittery and shares depressed. Some might argue it's a good time to buy, and maybe it is, but the world is probably more dangerous right now than even at the height of the cuban missile crisis - we're in unpredictable and dangerous times and the markets don't like uncertainty. I do think a lot of Investors are simply opting to stay out of stocks due to all the risks and uncertainties. Even with prices seemingly on the floor, investors aren't tempted. If the war ever does come to a peaceful end, that'll be the time to go big on stocks. Right now, that just seems a million miles away though.

This latest short suggests further downside may be to come, potentially sub £1 could be seen soon imo.

February 2021, at the height of covid, the share price bounced to £57 - a return to those highs would represent a 14 bagger from today's price

..and a return to the 2018 all-time high of around £75 would represent a staggering 19 bagger from today's price

Who knows if those highs will be seen again, but it does put into perspective just how cheap the share price is right now.

100m shares in issue

£3.9bn revenue

£2.99bn total assets

£1bn NAV

£3.31 NPS

https://www.lse.co.uk/share-fundamentals.html?shareprice=ASC&share=ASOS

"Mr. Market is kind of a drunken psycho. Some days he gets very enthused, some days he gets very depressed. And when he get really enthused you sell to him, and if he gets depressed, you buy from him. There’s no moral taint attached to that" - Warren Buffet

"Mr.Market can be an old fool (or maybe a young fool) who, from time to time, becomes hysterical. Sometimes, in his madness, he sees ghosts. At others, he imagines the good fairy touching him with her long golden fingers." - Barton Biggs

"The intelligent investor shouldn’t ignore Mr.Market entirely. Instead, you should do business with him - but only to the extent that it serves your interests." - Benjamin Graham

"If you look to 'Mr.Market' for advice, or if you imbue him with wisdom, you are destined to fail." - Seth Klarman

"To unquestioningly accept mercurial Mr.Market’s judgement as the final arbiter of the fairness of the price-to-value relationship is to mistake a stooge for a sage.” - Frank Martin

"Mr.Market’s job is to provide you with prices; your job is to decide whether it is to your advantage to act on them. You do not have to trade with him just because he constantly begs you to.” - Benjamin Graham

"Don’t take advice from Mr.Market, who again and again is a wonderful creator of opportunities but whose advice should never, ever be followed.” - Seth Klarman

"Let it be emphasised that Mr.Market is an unprincipled man of genius. He is seeking to buy your interest at the lowest price and sell you shares at the highest possible price.” - Christopher Begg

"While Mr.Market becomes more mistake-prone when he’s nervous, he still tends to get it right much more than he gets it wrong, and he retains a highly developed capacity for punishing complacency and stubborn thinking.” - John Harris

"Mr.Market is there to serve you, not to guide you. It is his pocketbook, not his wisdom, that you will find useful.” -Warren Buffett

"Mr Market will make you work for it. But eventually, I believe, when investor emotions change or deeply buried facts emerge, the price pendulum swings back to more normal positioning." - Bruce Berkowitz

Why would anyone continue to hold? Why would anyone average down? The ship is sinking and some seem determined to go down with it!

The company went from a penny stock start-up to a £5bn market cap giant (at it's peak) - and shares in issue is still only 100m. Not many companies have ever achieved growth like that without having to issue millions/billions more shares along the way. So I would question why now would they suddenly start diluting shareholders to raise funds - a company that has a long and proud history of never doing that.