Member Info for Itmustbeluck

I agree, hence I think you can forget £70. It’s like the Tesla question, if they decide this is a car manufacturer the shares will tank!!!

But with retail there’s no going back to the old world. I think ASOS has lots of scope to use technology and imitate the likes of Zara who have an extraordinary ability to get from drawing to clothes in store in 6 weeks.

Brand development, understanding your customer like NEXT have nailed.

I just think if you have 25 million customers have got your process half right you’re in a great position.

Someone else mentioned on here that NEXT are great but from an investment perspective the upside is limited.

I think ASOS has work to do but there’s a fantastic core to build from and I think MA agrees.

That’s my take.

The transaction or one almost identical has been on 2,3 RNS, it looks like they are opening and closing a position rather than buying anything.

Look back through the last 10-20 and you’ll see.

I’m not sure it’s that significant

Go look at the historical share price, go look at their accounts over the last say 5-10 years. Regular £100 million profits before ebitda

I don’t expect £70 quid any time soon but £20-40 is more than possible if they correct the mistakes made and don’t make others.

They’ve made huge investments in tech, approx £280 million on brands.

Improving economics and management is why I’m long on ASOS.

In the unlikely event of a bid now I’d be out at £10 but if it’s just recovery over the next 24/48 months I’ll be holding for double that.

It has the potential to be much more valuable than 1.5 billion

Same here for the local sports direct. All I would say is it’s an aircraft hanger building, not really a fashion destination would be my thought.

I agree Frasers most likely interest is partnering rather than a acquiring as is more realistic

Maybe MA agrees with you.

Look on the bright side, the sp isn’t falling.

I’ve got a limit at a stupid price, if it glitch’s to £50+ I’m moving the funds out and heading to Barbados.

Laughable! Final numbers next week and here is the shake down.

No news no volume

Down 3% on 6,000 shares traded! You couldn’t make it up.

Can someone empty their piggy bank and go behind the sofa and let’s if we can move it north because that’s all it should take unless god forbid the market makers are crooks!

Apparently there’s a bid coming in tomorrow so I’m getting my cigar ready and have the bubbly chilled

Close of play

The practice of shorting is regularly up for discussion by the financial world questioning its value. It’s often destructive and plenty commentators believe markets would work perfectly well with out it.

By being the most heavily shorted stock there is by multiple parties it dissuades investors.

It’s a self fulfilling proposition unless you have the ability to discount them which many PI’s find difficult to do.

Obviously markets are moved by buyers or sellers and if we had plenty of the latter we would be happy.

With so few shares in circulation the scope for manipulation increases and as I’ve said my own opinion is shorting asos at these levels doesn’t make a lot of sense.

DYOR of course

I’m still trying to understand why you’d be shorting a company that’s 60% owned or controlled by just 3 players.

They’ve consistently bought up stock anything sub £4 quid.

It’s pretty much a floor in practical terms.

If there’s any significant surprise’s to the upside they’ll get burned so that leads me to think the shorts are there to contain the price and nothing to to do with a big profit from a disaster.

MA is one of the main beneficiaries as are other existing holders/buyers.

ASOS management have been plagued by shorts. They need to be under promising and over deliver to f@@k up the shorts once and for all.

One big surprise to the upside and they’ll been in trouble.

As long as Mike is buying I’m holding.

It's hard to argue that the performance has been any thing other than poor, but the question is, There are 3 share holders who control over 50% of the shares.

If they thought that a changer of leadership was required I cant imagine it would be that difficult other than maybe agreeing who it should be.

Yes but it looks almost inverse to the previous RNS

I did not see any significant buys.

If you look at the RNS from the 10th it looks like they reduced their actual share holding by 90% but increased their total voting rights by 18%.

Am I interpreting this correctly?