I think we are in for a revenue surprise here30 Oct 2020 08:34
Over the last 2 weeks the amount of positive press, PR & advertising has been flooding my inbox from ASOS!
New product launches & competitions covered on Capital Radio, OK magazine, Hello magazine, Heat, The Sun, The Mirror, Sky News & BBC - to name a few!
I can see as we go into lockdown 2 there will be an even bigger growth spurt here as their brand awareness is huge & folks will want to dress up for their private get togethers. I’m sure the ASOS Hauls will also increase on YouTube & TikTok will thrive.
As the forecast has been downplayed I think we will be in for a very nice surprise, especially as returns have been made so easy with the Royal Mail.
The share price is at an excellent entry point to push back to 5500 high & beyond, as per broker forecasts of 5700-6500.