Member Info for JonHarris

They are clearly trying to trigger the auto sellers at the moment.
However it feel so fast and so much it smash through anyone with volume, so now just scraps.

Plenty of upside from here, company is solid with a firm fan bases. Looks like another golden opportunity going out of the market blood baths.

If people go out less to save money, they will in turn move to hone drinking, which is where Naked Wines lives.
This tree shake is wild, 42% down in a day is taking the micky, the shorts are gonna be looks to clear position.

Hopefully a takeover bid lands at £2b to scare the majors into loading and shorts to close.
This company is so way undervalued at this market price it's ridiculous!!!!

3rd April 2020 to the 9th April 2020 the price jumped up 99%.

History is repeating, time to load and make £££££

Ha, look at the losers still selling and the price is on the way back.
Burn the shorts!!!!

Only way to make big bucks to cheap low, and babe this lower than Jamaica Slim at a limbo competition

It's a relief because the drop on price is linked in date to a major sell. So potentially if the sell hadn't happened then the price might not have sunk so far.

Also as much as it sucks to lose a major holder, it means for the other holders or those eyeing up a take over, that there is less competition or potential blocker.

Thirdly, we are broadly waiting for the shorts to close position, and with that kind of free-float now available that makes it both easier and more feasible. Also of after another week no more major holders jump then the shorts will less chance of dragging the share price down, which in turn will set a fire under them to close.

If anything now knowing that the Capital sell off was the main reason for the share drop is a big relief.

Still makes me laugh that the company could be bought for less than a £1b currently.

Be hungry when those are fearful.
Only way to make lots of money is to buy up shares when they have been trashed.

In historic high inflation periods the little fish get eaten by the big ones and consolidated market.
Asos are the big fish in the pond, and having a business that has become lean from training over COVID and every other negative situation we never thought would happen the past couple of years, they are in a great position.

Business is booming for in the B2B world, anyone with cash spending like crazy to capture market while the smaller businesses wet themselves.

In terms of fashion and brand Asos hold the keys to the kingdom, and they will be leveraging this current market to tighten relationships with vendors and suppliers.

On a macro level, the worst of the global market will affect developing regions (Africa, LATAM etc..), however EU/UK/US have done the work to ensure their populations don't feel the full brunt of the situation.

We saw a lot of money in the UK go onto property over 2020/2021 with large migrations. However looking at the data this is drying up, partly due to those with cash having already moved to properties and now will settle for a few years, thus freeing up cash to send on clothing, travel etc.... Thats the reason why the estate agents and banks were trying to keep pumping up prices and make people think that property is where to put their money, however the data is showing that the market has run out of buyers and the house prices are now so far outside of any remaining purchasers that a drop is coming. This is why the bank of England removed the lending caps as they already see the writing on the wall and are trying to force continued house price rises.

Secondly to that due to Brexit the UK is shedding high value working people as they return back to the EU. This is why the UK government have been trying to flood the market with immigrants from outside the EU as a desperate attempt to prop the housing market up, however this is failing as the majority of immigrants are either partners or child (a cash negative to the household), or low skilled and not earning enough to get a mortgage.

Yeah, just read that, appears the Capital Group sell of was the catalyst for the drop on the 16th June, dumping 9% of stock into the market.

Just spend some time like at prices online by different fashion retailers and getting a vibe of the market, interestingly Asos was one of the best lowest prices.

If they can keep prices down while others companies are too high then it will drive more traffic, and this could lead to rivals going against the wall, and further Asos total domination.

Amazing stats there: Asos the most viewed fashion website in the UK!!!!!

Most Visited Websites by Traffic in United Kingdom for Fashion, May 2022

Position: 1
asos.com
Visits: 13,620,613

I've sent an email to he Qatar Investment Authority to look into acquiring Asos for £2b.
They have been scouting out investments opportunities while the market is low, so hopefully this prompts them to start an aggressive takeover.

I could see a placing at 12, but not here. The CEO would need to show some strength first before going balls to the wall to raise funds.

I would prefer if they sold off some under performing parts of the business first.

The company have a share placing now would be political suicide for the new CEO

Hi Investroid, I fully support the idea that past price does not dictate future, if it was that easy we would all be millionaires with a few years.

However, looking at the data, the potential downside is now limited, but the potential upside is massive.

If Asos can't survive the market constraints then I find it hard to believe that any other company will be able to.
As such, given that people will still need clothing, and looking at the market, Asos are on a prime position to come out of the current climate in a more dominant position.

Part of the Top Shop acquisition was for £65m worth or merch, which is a lot of clobber to have on hand.

Secondly, as US gas price increase, then US clients will shop online to reduce their own travel expenses.

Thirdly, for less than a billion there are literally dozens of Chinese, US, and UAE funds that could buy up Asos to sit on for a couple of years and emerge as the number one company.

Asos acquired Top shop and miss Selfridge for £330m, so to buy the whole of Asos for less than £1b is a bargain.
Last time the share was here it went up 400%

Dimi123, the price is being suppressed at the moment as the shorts are trying to get out. Everything time there is an decent buys the price rockets up.
Classic market manipulation, and yes its a thing, how to think firms guarantee themselves profit, by hoping the market moves in their favour like we have too.

I pray a big US fund buys a nice 10% chunk soon and sets fire to the shorts. Long term holders have been kicked for too long, now is the time for retribution!!!

Running out of major sellers, and the buyers are still turning up.
Looking at shopping data, the vast majority of 12 to 40 year olds are now exclusively shopping online with Asos being one of the major retailers.
Looks like Asos are set to gear up hard in the US too!