Member Info for hey_arnold

This was interesting for me:

"He is currently CEO of Delonex Energy, an Africa-focused oil and gas company that he founded in 2013. Under his leadership, Delonex has delivered low-cost drilling and seismic operations along with leading social and environmental performance in sub-Saharan Africa. "

And

"Rahul started his career as a Petroleum Engineer, before moving into investment banking where he led teams at Morgan Stanley and Merrill Lynch, advising major oil & gas companies on merger and acquisition and capital market related issues. "

Brent FM still falling.

You do realise they have to release an RNS with a day or so of making a decision.....

I sold this afternoon. Not sure if it was the right thing to do or not. Boohoo report on 22nd, this could move the price a bit (not sure which direction).

I think the rises are being driven by the shorters closing. I think we have now priced in, the improved margins. Now for the next level of re-rating we needs to sales increase again as corona virus shutdowns are slowly removed.

Any guesses where this will open today given oil opening down?

Don't they have to RNS this straight away? They aren't allowed to wait.

Fund % short change Date changed
CapeView Capital LLP 0.57% -0.12% 14 Apr 2020
Gladstone Capital Management LLP 1.18% -0.29% 15 Apr 2020
Total 1.75%

Gladstone Capital Management a perma bear on ASOS has dramatically reduced its short since results. They constantly drew attention the ASOS's low margin business, which is no longer the case. To me this is a really positive sign that they are closing.

Set at 15p.

My bro guessed it was michael franklin?

Another upgrade this morning:

ASOS PLC ASOS.L: JP MORGAN RAISES TO OVERWEIGHT FROM NEUTRAL; CUTS TARGET PRICE TO 3,500P FROM 3,800P

Bernithebiker do you still trade now? My bro is a jet fuel broker at PVM.

More importantly another big shop has started coverage with a Buy rating. (Goldman)

They are just time wasters TSOH, I wouldn't waste time replying.

Goldman Sachs Group restated their buy rating on shares ofASOS (LON:ASC)in a research report sent to investors on Monday morning, Borsen Zeitung reports. The brokerage currently has a GBX 2,800 ($36.83) target price on the stock.

Several other research firms also recently issued reports on ASC. Berenberg Bank upped their price objective on ASOS from GBX 2,500 ($32.89) to GBX 3,200 ($42.09) and gave the company a buy rating in a research note on Thursday, April 9th.

Citigroup reissued a buy rating on shares of ASOS in a research report on Thursday, April 9th. JPMorgan Chase & Co. reissued a neutral rating and set a GBX 3,800 ($49.99) target price on shares of ASOS in a research report on Thursday, January 23rd. Peel Hunt reissued an add rating and set a GBX 4,000 ($52.62) target price on shares of ASOS in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada set a GBX 2,500 ($32.89) target price on shares of ASOS and gave the company a buy rating in a research report on Tuesday, April 7th. Three analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company's stock. The stock currently has an average rating of Hold and an average target price of GBX 3,122.50 ($41.07).

I would be surprised if there weren't some upgrades coming now that they have secured funding and improved margins. But I agree you have to laugh that it will be retrospectively once the share price has doubled.

Next catalyst is OPEC+ meeting then after that new CEO?

If someone had told me that I could buy ASOS under 2000p with the same margins as 2018 (this has always been the overhang on the stock), I would bite your arm off. Despite the potential for lower retail spending as a result of the recession, I believe ASOS is now well placed to weather the storm. Corona virus will likely further consolidate the retail sector, leaving ASOS top of the pile to capitalise on it. I still believe this could be a multi-bagger from these levels.

Cheers :)