Member Info for JonHarris

Using revenue and profit reports from the following point to Asos doing good:

Shoe zone: revenue growth and profit
Nordstrom: revenue growth and profit
NEXT: revenue growth and profit

Just bought more, looking forward to a nice payday on this share

https://reporter.am/2022/09/01/asos-plc-otcmktsasomy-receives-2246-88-consensus-pt-from-analysts.html

ASOS Plc (OTCMKTS:ASOMY) Receives $2,246.88 Consensus PT from Analysts

profit after tax in millions:

2012 46.6
2013 54.5
2014 52.2
2015 46.1
2016 63
2017 79.6
2018 101.9
2019 35.1
2020 151.1
2021 190.1

Meant March 2020

I think a lot of people hoped for another time like March 2022, when they would have the opportunity to buy shares on the cheap to make lots of money.

Well here it is, gift wrapped and ready for Xmas.
Easy double, potential for triple.

Asos having cash in the bank means they are in a far stronger position than alot if their rivals

Given how much the whole market has been trashed this year, there comes a point where it will naturally bounce back.
However with the new PM starting on Monday, policies will be put in place to save the country and help the Tory win election. All the worry that the Tory media has been pumping will diminish.
The markets will go into bull mode and praising the new gov in a Thatcher style praise of the markets.

Clothing is essential.

All other clothing retailers are reporting that sales numbers are up.

Asos has cash in bank, plenty of product, and in international growth mode.

Shorts need to buy back 6m shares.

3rd April to 9th April 2020, saw a 99% increase in price.

Are we about to see the same again with new Tory leader starting 5th Sept, and Bank of England about to bail out energy firms to save UK public?

Be nice to see a £100m plus but soon, anything of that magnitude lands and this will jump to MCAP £1b fast

If I have my tinfoil hat on, I would say that the current price drop and the aggressive actions today are by the funds trying to buy up the market cheap before A) new PM, B) Bank of England injects cash for energy, C) before pension funds et al make their purchases of FTSE shares as market trackers for September.

The blood bath of the market does not represent the fact that employee engagement is still high, and lots of disposal income still being spent.

The media have pumped the worry to record levels.

I've just bought more just now, and every big dip i buy more, and will continue to buy while this is at discount.
Utterly ridiculous, and when you have other retailers publishing increase in revenue and profits thats a buy signal to me.

Next UK PM will stop the energy crisis as a central policy.

Shorts still need to buy 6million shares back to realise profits.

And we could see Mike Ashley finally make a bid to takeover Asos and add to Fraser Group.

Intrigued to known who is still selling.
Surely anyone selling now is at a major lose.

For ASOS to go from £4b to £600m MCAP is wild.

Last time at this price was May 2010.

Since then, Asos has become one of the leading online brands, their rivals have either been acquired by ASOS and there has been a general consolidation of the fashion retail market.

In those 10 years the vast majority of new clothing consumers will have only known the world of online shopping.

Price is lower than 2020 crash, and Asos are in a better position.

New PM elected on 5th September and energy crisis wil be averted. If UK Gov does not sort energy then there will be nationwide rebellion, with the MP and Energy CEO heads on the literal chopping block. October Revolution on the way!

Now at historic lows.
The company is fine, it's just market conditions which will resolve soon.
As such I hope a fund puts in a takeover bid of £1.2b

No ramp, I literally can't get on the HL app.

I'm trying to buy more, this pricing is ridiculous

Hargreaves app is down. Might be having an effect by stopping people buy this morning while at discount

The short attack on this and other shares has been relentless the past few weeks.
5th September new Tory leader and the roll out of country saving policies to save their own back sides for the next election.

Would be wild to see an investment firm rock up and just buy all Asos for £1.4b. for that kind of purchase would only need to wait a couple of years to triple investment with return to normal market.

You can download the share trade history from yahoo finance, if you look at the dates of JP Morgan actions the 5m shares do not appear to have gone back into the market.
So one can speculate that they bought the shares and have sold them to a major client for a nice profit.

Lol, was thinking the same.
If you get 350k uni students to each buy £2k worth of shares then they could take over the whole company, then solely buy their clothing from Asos and triple their money in a year. For reference there are 2.2 million uni students in the UK, so plenty.

It's hilarious, Asos share price is down with everyone else, so its not them specifically.
Also yes, using indicators from other fashion retail and they are all reporting increase revenue and profit, so expect this generally to apply to Asos also.