Member Info for Jacob.Golberg

I really don't know what everyone was expecting.

making a profit is the most important fundamental of any business. They can start charging customers for returns as their competitors have already begin that .

Asos remember is being compared with the lockdown figures that were unrealistic to continue going forward for any online company etsy baba amazon all got a hit with their sp's .

As long as Asos remains profitable they will eventually start to grow organically again . Ecommce is set to grow over 50% in the next 10 years alone as long as Asos remains competitive price wise there is no reason why Asos cannot at least take some of that market share.

Bricks and mortar and generally the high St is finished and will only be a burden to businesses in the future. rates security utility bills and theft . Give this a few years it is in a unique position but ignore the macros like inflation cost of living , they are only temporary.

Humpty . How long was the account inactive?

I believe after a year they close your account.

Most companies have this system in place that when you try to open a new account with your old email it doesn't allow you .

I believe it's marketing tactic . The software is high maintenance and the more accounts that use it infrequently don't generate enough revenue to justify your account.

I bet if you (punt not intended) had put a substantial amount of money through your account regardless of time inactive it would still be active.

The more accounts that just bet on a few quid each year costs more to maintain than they actually generate in earnings on the system.

Marvelous on here . How some can randomly call out price targets and claim to know the next quarterly results even before the company has even that relevant information themselves.

If Ashley and that Turkish group are keen on Asos that's all the confirmation I need .

I'll stick around a couple of years at least to find if they can hit double figures before we all finally realise that Asos can't turn this around .

What the ceo has said so far is more than encouraging.

A small spread exists when a market is being actively traded and has high volume—a significant number of contracts being traded.

A large spread exists when a market is not being actively traded and has low volume, meaning that the number of contracts being traded is fewer than usual.

Asos SP as we all know , Is simply reflected on the previous management's performance. Look at Next plc for instance revenues of 5.03 billion but with a M.C of 8.2b . Yes they show a profit of 700 million . That to me reflects and highlights the complete incompetent management Asos had . Imagine what Asos could achieve profit wise with a good CEO and management team ! Next also has to maintain and service over 700 stores that in itself is a huge cost burden that Asos isn't exposed too. If this new CEO is remotely half decent there is no reason why Asos can't get back to ATH in the future.

See no reason this will not hit 10 around September/October time when some positive outlook is presented early September. All the headwinds behind Asos just a very big opportunity at these levels to make some serious money . I'm expecting £12-15 a share eoy Xmas guidance etc etc

The support line looks like 322-24 . It wouldn't

surprise me if it fell under that level than it will fall under 3 pretty sharpess . That would be a huge opportunity to buy alot more maybe worth to get ready to free some money up .

But who knows 🤔 this gains traction and losses momentum so easily at these levels as we've seen testing that 4.20 level .

Just doubled my position here now with 12k averaging £3.51 . I'm quite happy to keep accumulating periodically. It can stay down for as long as it wants and I believe that's how the market works in relation to getting retailers to sell . I believe it will easily be around £8-10 by September and October with such a small float this can pop anytime on good news . The price is a fire sale only because management messed up but can rectify problems very easily. Ashley buying is simply an endorsement that eventually it will head north into double figures no problem.

Even stated in a report that Asos is the biggest target for a takeover in Europe. Explains the depressed SP and manipulation and lack of PR . Good luck all

Great opportunity to fill your boots !!

Just added another 2k shares . Would of added more but hard to know the bottom.

Will keep adding at these levels my price target the same as the one that was offered last year £10 . See no reason why that won't hit that within a year or 18 months . At these levels bigger chance of a aggressive takeover

I'm doing my bit as well ordered of ASOS Trevor Bolongaro shoes that were reduced from £215 to 25 quid ordered on Sunday arrived Tuesday. Very happy ,I don't know why anybody is comparing ASOS to shein or Temu they sell junk literally that is similar to Wish just absolute tat . I suppose if you were looking for dildos Or knocked of t-shirts you could argue that shein or temu are your preferred choice !!

I don't know why so much hysteria on here ;) but last December they rebuked a billion pound offer (about a tenner a share)the board must be confident and obviously felt insulted enough not even to mention it at the time to shareholders.

Management's past failings especially on over ordering can be easily redeemed and a huge opportunity here . It's a green light to buy as much as you possibly can at these levels . Ashley is certainly filling his boots it's pretty much nailed on a tenner share !! The question is how long is it going to take them to put out some PR and confirmation of the turnaround. Could only take one good earnings quarter and sentiment returns.

My average was .53 but I can't see any better buy than this . Adding another 22k shares today @ p96.10

The sells look like it's on a time frame if you make some comparisons with the other sells.

otherwise why wouldn't he have sold when the sp was at £57 .Asos have already given guidance and future optimism so don't think any bad news is to surface. Also he could have been asked to reduce his holding as he holds a substantial amount for a non executive before an imminent takeover !!

Problem housebuilders are faced with materials have literally doubled since pre covid compelled with labour charges that many skilled tradesman want around 30% more than just a year ago. Most to do with risen costs in living and many Eastern Europeans also that have returned home have created a skill shortage.

House prices now set to fall the margins in relation to cost and profit have and will be incredibly tight, that any fluctuating prices could see losses .

Prime example is corsair although civil engineers and undertake huge billion projects the margins became losses very quickly h2 and the main link road into Wales cost them 80m just on slight costs in materials and not pricing in a verge .

Persim will have real headwinds to actually produce houses that are comparable with prices that surround their new builds .

House building reduced by 30% in the last year for that reason of spiralling labour and materials that basically would just produce highly expensive properties that would be deemed unrealistic price targets .

For years the government have massage the interest rates . Historically inflation runs at around 4% PA . Around 2020 when interest rates were at there lowest inflation was still around 4% . The government in they're wisdom thought they were helping and encouraging people to get on the property ladder but all it has done was allow people to borrow more money and inflate house prices and allow people to take on more debt that seemed manageable at the time.

like every cycle of boom and bust they knew they would have to rein in inflation by putting up interest rates eventually.

I have no postion in persm but I'm hoping to take advantage of the turmoil and buy in around 800 if indeed it falls that low.

UK needs more housing and like every crisis like mortgage rates it will simply correct itself and house prices will be determined by what people can afford to borrow.

888 sold the Latvian business the other week in a deal that fetched 24m euros . The reason to work on the core of the business and the potential synergies with the acquisition of William Hill that was acquired for 300m less than the original offer. Earnings will be over 2 billion p.a with a market cap of just 480m at present!!

Flutter is trading at 3.5 times it's revenue and has over 3 times more debt than 888 .

If you read the prospectus of William Hill they actually timed it perfectly before interest rates shot up . It clearly states that they borrowed with a fixed rate that can be extended or paid back earlier.

"The sale of the Latvian business marks another positive step in the execution of our integration programme. This sale generates cash proceeds from a non-core market to support our deleveraging plans, as well as enabling reinvestment into our core and growth markets."

The best way to deal with returns allow just 1-2 items each year from each account to be sent back with a free complimentary return .After that customers will have to pay to return. This way you will weed out the customers that in some cases, buy the item with the intention of just wearing it once before returning it or the ones that haven't got an idea of sizes ,but will have too put more thought into the sizes they choice because of the new policy.

Someone on here suggested to return to a point or shop for a return. But that defeats the whole point of home shopping and will probably have a detrimental effect on retaining customer base .

I believe Fraser group will put in a offer for Asos in the coming months.

Ashley's history of acquiring companies is playing similar pattern here . Trendyol and Povlsen may well want to challenge that or work with the Fraser group , but Ashley now has voting rights that has put in a strong position.

Trendyol bid revealed and rejected could only be good news for shareholders as Ashley will know he will have to improve on that.

I believe he will keep adding for a period of time and will start to negotiate a price .At these levels he knows it will cost alot more a share to buyout so effectively he's just accumulating at the bottom .

https://www.washingtonpost.com/business/2023/06/16/billionaire-mike-ashley-sees-online-upside-in-asos/2c6c7c88-0bfd-11ee-8132-a84600f3bb9b_story.html

How 888 even got to .50 pence or a market cap of

around 200m will one day be one of life's internal mysteries

So you sold on a good earnings report and positive guidance ? Hard to believe you've done 20 years and not realised that everything said today is the time to buy. !!

I waited almost 2 years to buy this on guidance and bought today on exactly the opposite of your train of thought. The call showed clarity in direction and guidance it had everything that you'd wanted to hear for an investor at bottom dollar prices.

You'll always have day trader's and speculative people but to sell because it's volatile and at the bottom SP .