Member Info for Itmustbeluck

To buy asos below £10 would require something like a collapse.

It’s nonsense, a buyer with sufficient funds just needs to recapitalise it properly and it’s profitable now.

If MS makes a bid of £12-15 a share, Povlsen can reject but it would have to go the share holders.

Camelot would have to choose a side and the rest, me and you would probably take the money.

Ashley may be after Topshop, they could sell it for say £150-250 million.

Whilst a loss it would transform ASOS finances, wipe out the expensive debt. The SP would be £5.50 quid + instantly with a much improved position.

ASOS and Frasers could co-operate, interesting potential for both.

NEXT almost went bust in the late 80's over expanded too quickly. ASOS have made some stupid decisions.

£380 million on topshop brands and stock is a standout, fix these mistakes and you have a very well placed business.

How did you work that out?

Next 500 stores in uk 200 more in emea

43,000 staff 65/35 store on line split

Rev 4.4 billion

ASOS no stores

3,300 staff

4 billion revenue all online

Next is an excellent business

ASOS has made some huge mistakes over the last few years but with less than 10% of the staff and no shops they almost match revenues

When they sort out stock, develop their brands and continue to focus on margins than growth for growths sake they will be a force to be reckoned with.

I can’t see any reason shorts would continue to hold asos positions after today.

Even allowing for shocking summer weather they built on the turnaround.

That’s 6 million shares that need to be repurchased to close.

He can’t block a takeover he can ensure it goes to a vote

Everyone is invested here so it’s difficult to be objective.

That said it looks far more positive than negative to me. It’s profitable.

Key for me is why would I sell this morning?

Camelot, Frasers and Povlsen aren’t and if anything will be buyers.

I don’t see anything left for shorts at these levels so they are holds or buyers imho.

None of this means jack s—t of course.

Got wind of is a euphemism for being privy to insider information that’s criminal behaviour. It’s noted several shorts increased their bets on Friday.

If there is a surprise to the downside the management will have some serious questions to answer.

I comfort my self by asking why MA would pay circa £4 a share a month ago when he could by pay3.50 tomorrow?

I don’t see any link with the Nasdaq.

I still expect a decent update tomorrow, problem is even if we get a nice 10% bounce we’re 4.10.

Here we go, predicable slide in to the red on no news and minimal volume.

It’s a joy holding this stock.

Article in the last few days stated Shein paid just 2 million tax on a near billion sales.

This will be reversed in the very near future dramatically effecting their UK strategy.

Will happen in the US as well

Whilst the market is still challenging I think the winds and trend are turning favourable for asos.

I wasn’t expecting an sp miracle but I do find it extraordinary we’re down 3% today at these low levels on just 200,000 traded shares.

Which way?

They could buy to close their positions between now and cob on Monday but that’s circa 6 million shares roughly. the sp would spike big time if that were to happen.

You can live in hope.

You have to admire the b-----s or question the brains of the shorts, at the current sp, even if we have some negative poor weather sales numbers the down side is maybe 3.30-40.

If we get a strong performance I see £5 easily and north from there quickly.

I see the upside 2,3,4x the risk to the down side.

Same story in city am.

Sustainable rise?? We’re down 2% on a nice bit of rates news.

Not sure what tea leaves you’re looking at to give any hope of £4.18 by Monday.

This is dead in the water until the update, decent report and hopefully a stake through the heart of the shorts.

I do question myself why I’m invested in this stock for my sins.

A moderately surprising and welcome hold on rates but little or no change in asos.

On IG the Sp opened up 6 but with a 24 point spread

Heads you lose tails I win.

Every month 250,000 households are moving from a 1.2.5 to a 5,6%+ mortgage.

This is unprecedented and will cause chaos in 2024 an election year!!

My money is on lower rates sooner than you think.