Member Info for JonHarris

Just confusing, I've now had 3 shares in my portfolio jump by 70% in a month (maxeon, wise, darktrace) and make a ton of money.
But the one share that looked like it should jump the most very easily (Asos) is still dragging it's butt along the ground.

Very very confusing what is happening with this share

Just confusing, I've now how 3 shared in my portfolio jump by 70% in a month (maxeon, wise, darktrace) and make a ton of money.
But the one share that looked like it should jump the most very easily (Asos) is still dragging it's butt along the ground.

Very very confusing what is happening with this share

Just find it mind boggling that Asos has an MCAP under £2b.
I'm surprised there isn't a ton of US funds getting ready to place a takeover bid.

At what point is there no major sellers left. Stock has been down to lowest in 10 years for 2 months now.

Surely this is ground floor?

Correction to the thread title.
Citadel now owns 4,792,918 (over 4.7m) shares.
This is about 4.7% ownership of the company.

Bullish signs, summer ending and Autumn/winter sales begin.
Bargain price for this share based on historic and market potential.

They bought 5044986 shares .
If which they sold 252068 shares
Which means they still own 4792918 shares

Looks like Asos are now target for large share purchase and hold.

Golden opportunity!!!!

The shorts have decreased their positions, you can literally see that on shorty tracker
The shorts are trying to get out and have profit while the price is down.
What a BS article, desperately during to trash the share because they know it's on the way back up.

Asos said in a statement that they had purposefully bought lots of merchandise and product, loading their warehouses early before the summer, so they would have plenty to sell. The natural effect of this strategy is that their usual run rate would be bottlenecked or pushed back, this was obviously going to happen when they made that statement.
If you are having dinner and someone eats 2 starters then of course they will opt for a smaller main mean, basic economics.

This is normal in retail that a company will buy lots which means they have to push run rate back a bit. However given the sensation news around the current market it will make for grabbing headlines and clickbate.

Seriously, people need to read up and learn about channel dynamics and retail sales. Everything happening at the moment is perfectly normal, and if anything puts asos into a very strong position compared to their competitors that have less market influence and ability to pivot.

The stock that makes no sense currently is Boohoo, the brand is falling out of favour and the costs of production are eating their margins more than Asos.
Next plus Marks and Spencer cater to the middle aged to older markets, and these demographics will be fitter with spending compared to the youth market that use Asos.

I think fair market value is £2b, however more realistically to buy the company then £3b is more aligned to potential and where Asos could be in just a year.

Doesn't matter if they have too much inventory.
The fact that as an industry it's difficult to get merchandise made due to various channel constrictions means that Asos can slow sell into the market and maximize profits, peaceful in the knowledge that their competitors don't have merchandise to hand to compete.

Everyone selling at the moment are getting roll.

Fair value is still in the £2b for this company. I hope a big fund or investor comes along and whole sale buys up the whole company over the next couple of months.

Fair points. £25 would be a fantastic recovery from here and make anyone buying now a very good profit.

With regards to having stock on hand, that would be a good thing. The issue facing the industry is lack of product, that is why Asos forward bought so much product. What this means is they are in a strong position to service a constricted industry, and also because they have already spent the money which showed has a large net debt it means that the tradings of June July August they should yield more profits.

However to your point about being a big player, I think you really do not understand the new fashion retail market. Asos are THE dominant player in this space.

Boohoo and Gym Shark are the brand side to disappear as irrelevant. However Asos are king queen and country.

What exactly do you mean by real sp recovery?
In the 4000 or 5000, sure gonna take sometime and a massive market upswing.
In the 2000 to 3000 very easily with a few months.
You are all getting rolled to sell so cheap, do you not understand how much of an essential fashion retailer is to the UK, with growth in EU and USA.

Utilities, food, and clothing. Always guaranteed customers not matter how bad the overall market is doing.

1.4% of all Asos stock was traded between 16.30 and 18.40 tonight.
That's a lot of share changing hands.
If you sold for in the past week then you got rolled by the big boys, because this share is gearing up for a bounce back into the 15's, with fair value of 20's.

If you think that Asos are going down, then best short Tesco's and BP, because Asos now have a secure seat at the major infrastructure table with those cemented and solid institutions.

All the people that sold over the past few days have been rolled.
£2b MCAP is fair value, this share is undervalued

Well I've done very well in this share.
The next share to have massive potential is Asos.
All time low, massive dominant market position, and big potential to double in share price of next couple of months.

All the negative stuff is a constant across the whole market and most consumer companies, so naturally this is also having an affect on Asos.
However, once again you need to look at big picture and social infrastructure needs, and Asos play a very import and key part now days.

To value Asos under £2b is insane

Do people actually believe that the negative market situation will truly affect Asos that much....
From a macro economics point of view Asos are in a very strong position. The high streets are dead and everyone buys online.
The one demographic that consistently buys clothing is the 15 to 35 age range because:
A: they are growing and physically need new clothes
B: they are the demographic that put fashion and new clothing as a priority and have less strain on their finances for home bills as they don't have kids themselves.
C: clothing, alongside food and utilities is an essential and something that is still bought in the very worst market conditions.

Do people not see the power position that Asos now has in the market. The fact that their main competitors are now owned by them, the fact that the 2 other highest web traffic fashion sites are for 45+ demo.

Honestly boggles my mind that Asos is currently so cheap. Within 6 months this will be in the 15 region, and should have a true market value of £2b.

The bears are running around causing havoc so they can harvest shares to sell back to the bulls over the next few years. People selling now are being rolled to see cheap.

If Asos stopped business tomorrow there would be no one, repeat no one that could replace them for at least 2 years, that's how important to the consumer market they are now.

You can't put Asos in the lower category that Joule is in.
And £2b to acquire the whole of Asos and instantly have one of the most powerful fashion channels, also at the time when the ramp into markets of EU and USA are starting mature, seems like a bargain.

For a start you alot of MEA region business people that are looking to invest funds from oil back into secondary and service industries, alongside this the USA itself could do with more quality and decorated online fashion retailer to a major position, also the emerged Asian markets that would like to take an established business and brand to deploy in home markets while at the same time getting the rewards of having an established business in foreign markets generating income.

£2b to buy Asos while the markets are down is a bargain. A few years from now with positive markets the worth could be more towards £6b given both past and market revenue potential.

If ya selling now then you are being rolled by the big boys.

They know that while the market is in holiday mode they can force the price down and set off auto sells.

This stock is undervalued by about a £1b. This current market will only be here for another few months and then the bulls will turn up to buy everything at discount.

Lol, their trying to bring the price down but no one left to sell. Just autos and dregs selling very same amounts.
Any large buy and thus will rocket up.
Past the worst news, Asos in strong position, looks like they minimum order policy is working, they still have steady stream of sales but with better profit margins and less returns.

Fair market value £2b