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my view is whilst asos is in trouble financially their market offering and appeal is vastly different to that of many of the competition. shein/boo don't offer the brands, i go to asos to buy a pair of fashionable trainers or jeans not to buy some crap that'll i wear for a week.
whilst they do some some ****e i was at my girlfriends last week and her and her friends all bought their holiday clothing from asos, being in our early 30s they wanted something good not crap.
i did ask about why they bought far more than they needed, in different colors etc it was because they could send it back for free. that was my greatest concern as i think most of their clothing just got returned.
even so how many people buy clothes thinking they can send it back if they don't want it and actually never bother?
i think this will go up, imo, the brand itself if a household name, i think this share is cheap and and easy entry into a huge market for an investment/competitor.
dyor vla bla
Surprised is ASOS don't buy some, the brass have
Now the shorters seem to be leaving this should push up? Thoughts?
I expect an increase today, I've gone in but prepared to add if needed. Oversold and ASOS is still a top online brand for people wanting quality clothing for holidays.
OMG I JUST CAME OFF THE PHONE ALSO AND I EXPECT ITS GOING UP!
Shut up idiot
It was lower in March off a high and went back up. Recheck your maths as 20% is fictional
My guess is 440/450... With a bit of luck!
There's always one person moaning about complete rubbish.
We're just off a massive high and dropped slightly (as things happen)
The change in SP has happened before and it will happen again, call it whatever there are too many factors involved to understand the route cause. It's a drop and will continue tomorrow and maybe next week until some people think it's low enough to buy it back and get an extra chunk under some panic.
Bought back in this morning, hoping I timed that well. Looking for some good growth after this was oversold IMO
Apols I'm late to this party but are you referencing this; https://www.ceres.tech/news/weichai-bosch-and-ceres-plan-strategic-collaboration-for-the-chinese-market/
Ty
Potentially the worst possible timing.
I'm yet to buy in so I'll see how this all plays out
The shorts have increased this week, this is far from over IMO
BOO is still THE MOST SHORTED STOCK ON LSE!
Do you really want to buy into that?
BOO is the second most shorted stock on LSE...
Do you really think the price will increase consistently until they end?
(The answer is no BTW)
But the question is when and at what price...
I'm interested in BOO and whilst not understanding the full position there are still massive shorts (the most on the LSE?).
We will see 50s again IMO until they are withdrawn...
It's recovered marginally, given the climate surely their services are needed. Good opportunity to upsell
Tomorrow will be interesting...
Good luck tomorrow all... Hope everyone else bought cheap also... Wild day but DT was never easy.
Still going to plan
How can we expect more UK companies to be added to the FTSE when this is how we treat the best UK unicorns?!
This is the reason the UK is lagging behind and the most innovative business list in other markets.
It's been said over and over we need more FANG like businesses yet when we do their investors get called a 'greedy cult'.
GLA, congrats to those who were not shaken out of the tree by the real greed that plagues the LSE