Member Info for JonHarris

Cheapest this share has been since May 2010.
However this company has become one of the leading fashion retailers, with a dominate market position.
Despite the negative comments in the city, they are still reporting a profit, which at the moment is key when you have other fashion retailers being acquired.
As such, this makes for double opportunity:
Asos continues operations and once revenue/profit are at previous levels this will be naturally alot higher.
Or Asos gets takeover soon, while the price is low it's a golden opportunity to acquire the company and have a massive ready build and running major fashion retailer and brands.

This is the time to invest. Buy and hold.

Dyor gla

From now till Xmas this is the money train!!!!

Buying more on the way up, as well, alot of profit to be made in this share. Asos now into their new year, so great time to get in with energy crisis being dealt with.

Kerching, wish I could dabble in the devil's lettuce, but I will be high soon, high with this Asos share!!!!

Rerate happening. Liz to announce budget on Thursday.
Stock market moving back to bulls.

Institutional investors getting ready to buy everything in sight while prices are depressed.

Floor reach and cement.
Now lots of money to be made squeezing the shorts.

Energy crisis plans announced this week and the bulls are getting ready to buy everything while at discount.

Asos has confirmed they will be in profit.

The company is working through transition, and if they can retain their revenue it's just a matter of better operations to improve the profit margins.

And looks like the UK Gov is going to raid energy companies profits to resolve the energy crisis.

Last chance to get shares of this behemoth before it starts the run north on the approach to autumn and winter clothing and Xmas.

Is it final time we hear about a take over bid?

Why would city analyst being taking with Asos, maybe it was part of a M&A review and they are square the acquisition cost.

Will we see a take over bid now?

Caps coming and there is already the £400 energy rebate starting in October for all UK households.
Energy crisis averted!

UK market to rebound. Golden opportunity for everyone, festival of Britain part 2!!!

The bulls are rocking up.
The funds have made a buck from the energy profits, however strong caps will limit further profits, so energy shares will be sold on mass and the profits invested back into retail and entertainment companies that have had their price dropped due to the energy crisis.

https://youtu.be/my6bfA14vMQ

This share is linked to the macros, and they are just about to flip to bull.
The bears have had their year, and while 9 months of taking things down, but now the bulls are getting ready in their pens for a stampede!!!

Liz said in her speech about the election for 2024, which means the Tories will be in overdrive working to sort the energy crisis for the broad population, and to get the stock market back up for all the retirees with pension linked share portfolios.

Expect Asos to release a trading up soon.

Dogger69
I'm sure people have invested based on their own thoughts as to the share price relative to the market or potential changes. Even the shorts had to make decisions to take the action they did. As such it opens the point investing and speculation, and why the share market exists in the first place. The idea of share capital and ownership is embedded in the principles of insurance and risk, and no one should be investing in anything that they do not understand the basically operational principles of.

UK fashion market is worth £26b a year alone.
The market of major fashion brands and retailers has consolidated, however the market of consumers has remained the same. There expectations of a short term decrease due to broader economic concerns, however as has been seen time and time again, it's just a cycle and will bounce back.
Asos has had a price decline of -81%. As such, with all things being equal with revenue/profit/market expectations, then Asos having a share price of 3490 again is of consideration.

The main thing bringing down the economy is the current energy crisis. Once takes a few good policies and cross party sign off to get in place, and that market weight is lifted.

The fact remains, you have multiple similar fashion retailers report record high revenue and profits.
And yes I do see this company having a big short position as good, because its a nice volume of stock that is being guaranteed as to be bought when this starts to move north again.

Asos has gone through some major changes and challenges, and appears it make them stronger, their last sales report very positive and they are growing.

Well, new PM in place.
In their acceptance speech they gave clear outline that addressing energy crisis was top priority.

Expect market bounce within weeks.

Project fear by the Tories is going well.

Utter market collapse so a few at the top can take more control if the market.

The fuel crisis, and the messing about with electing a new leader, all part of the Tories plan of ultra market fear so they and their mates can buy up everything cheap.

Hilarious to see billions wiped off the FTSE 100/250 by weak hands manipulated by shysters.

Lunch time new PM, and by next week the whole market will have swung up 30% on the back of energy bail out and economic recovery plan.

Maybe this could be the next acquisition for Fraser Group ?

https://www.telegraph.co.uk/business/2022/09/04/matalan-searches-buyer-brutal-high-street-conditions-take-toll/

Asos have an average visit of 98m a month, if only 20% of these purchase something and retain the goods at only £2 profit per transaction that still equals £39m profit a month. So looking at low ball park of £156m a year profit.

It's truly confusing what Asos said in their trade statement, what these so called analyst are saying.

Considering you have Next, Shoe Zone, Nordstrom, Fraser Group and more retailers report higher revenue and profit, the chances of Asos being the only retailer to underperform doesn't add up.

All sounds like a bunch of horse plop, if they don't mention who these analyst are then this is just speculation at best and market manipulation at worst

The fact that all other retailers are reporting increase in revenue and profit can be logically applied to Asos.

Fashion retailers that have reported increase in revenue and profit:

Ted Baker
Next
Shoe zone
Nordstrom

Looking good for ASOS October 2022 Annual Sale report!!!

The shorts are in so much profit that they are taking out more as a last chance to squeeze the final juice from the drop, as they know even with an increase they are still going to be in profit so can take a bit of risk.

Looking at all the sales reports from other retailers it looks like the numbers are going to be far better than they said in their forecast

Open your eyes, there are flash sales happening across all retailers currently.
It's simple market cycle that most August retailers go into sales mode, with the next one being Black Friday and then Xmas.

That's the great thing about having such a big short position against the share currently, it's essentially a guarantee that there will be 6 million shares bought at some point.

And TBH looking at volumes, it looks like the shorts have actually screwed themselves over by taking such big positions as it might be very difficult for the shorts to actually buy many shares without causing the share price to rocket.

Once again, look at the number being reported by other fashion retailers, things are going well. Most house holds facing energy increase will be paid by parents with youths living at home in the 16 to 25 bracket still having disposal income they will spend on clothing.

We live in the age of looking cool online being paramount, with clothing a key aspect. As such consumers are more likely to forgo other luxuries before they stop spending money on clothing.