Member Info for hey_arnold

HSBC increases its price target on the stock, predicting better top-line growth when the online fashion retailer provides an update on July 23.
Peers Boohoo and Zalando both reported better-than-expected trading updates and HSBC sees Asos benefiting from a similar improvement in demand, analyst Paul Rossington (buy) writes in a note
PT raised to 4,350p from 3,150p
HSBC notes that the extent of Asos’s improvement will be limited by capacity constraints at its core Barnsley distribution center, as well as the retailer’s product category exposure

18-24month hold

I think until the next results this will struggle to stay past 3500 unless the index moves up.

Still very keen on ASOS on a 12-24month view.

I read recently that some funds are investing in sectors that they think COVID has materially changed. I think retail is defo one of these, as the high street gives up market share to online shopping.

I think its actually down to fundmanagers in UK/Europe being more bearish on the stock than their US counterparts. Also I think the FTSE has performed worse than S&P & Dow so that probably also plays into it.

Do we think this will go sub 30?

I guess it depends whether there is further policy response from the US and how long they take to get things under control.

But it does seem more keen to go down then up :)

ASOS

Did you want someone to say well done for calling it right? Well done :)

I think you might be right about the stock market tanking again, shame I didn't think that -20% ago.

Do you think governments will lock down to the same extent, given the damage it will do to the economy?

https://vac-lshtm.shinyapps.io/ncov_vaccine_landscape/

Not sure the vaccine will take that long, use the folling website to track development.

Its already out of date, they raised money in the debt market yesterday.

Agreed. It all depends on how quick a vaccine is created.

Wondering if this could be bullish for the equity if they raise the 1.5bn.

Cruise line operator Carnival Corp. is back in the credit market, raising loans worth $1.5 billion in both euros and dollars.
The offering, which includes a minimum 500 million euro ($560 million) tranche, comes after the company held investor calls last week to gauge interest, and more than two months after it sold a larger-than-expected $4 billion bond.

Caitlin is right they are seeking another $1.5 billion in the credit market today, hence the price tanking.

Have increased BlackRock Investment Management (UK) Limited now showing on shorttracker: 0.59%.

Assume it was them that dumped the price today when it went positive.

https://www.thestar.com.my/metro/metro-news/2020/06/22/cruise-lines-enhance-preventive-steps

well I made the wrong decision...

I stayed long.... Wish me luck :)

Bit of a wobbly start but I'm going leave it and see what happens.