Member Info for hey_arnold

The main thing that BWNG has in its favour is that it trades on very low multiples vs its peers (ASOS and Boohoo), but I am still worried about these macro headwinds. I work in energy trading and the structural bull story remains in place for 2022 and beyond, so inflation might not be as transitory as people are saying.

I'm sure I will get shouted at like last time, but I think this is only just beginning to play out.

There is still further downside to this in my opinion. Lots of macro headwinds.

Sure.

macro ones I mean. This is a good company on lower multiples that previously, but I think it goes down before up.

Not convinced this will bounce. Some genuine headwinds ahead.

Jupiter closed their short a few weeks ago, but feels like someone else is shorting it currently as its been sold down from 55-56p.

We have fully gone down the rabbit hole here. I wasn't suggesting you were HereKitty, anyway, this convo is pointless. Good luck with ASOS, I hope you do well on it.

When I say Chris I mean HereKittyKitty. Its hard to keep up with all his usernames.

Expecting good results at BWNG and it is on very low multiples compared to ASOS. I know you were a buyer Chris at 5000+ here so understand you are upset at losing money, but please don't take my comments personally. I'm just not bullish on ASOS currently, but doesn't mean I don't think its a good company.

BWNG still looks cheap on most metrics.

I think HereKittyKitty is upset I didn't share his bullish view on ASOS. Everyone got rather defensive when I put forward a different view. Which was, that high energy prices could hit the pocket of the consumer and therefore spending. So looking for a lower entry point

I still like the turnaround story here and happy to stay invested as expect decent results given online sales traffic indications.

That's on the wholesale market, those of you not on fixed rate tariffs will be in for a bit of a shock.

Gas and electricity prices are about five times higher than last year. So lets wait and see what happens here. this winter.

High energy prices likely to limit consumer spending on clothes this winter, so looking to buy this around 2500p around Q1.

Thanks

someone took the **** there selling it into the close down -6% haha., lucky it bounced.

Online data indicating decent online performance for core brands for past few months, defo too cheap for me not to take a decent position here.

I think they are a troll anyway. ignore them.

thanks for the hindsight trading, appreciate it.