Member Info for JonHarris

If you look at the share data over the period it appears that JP Morgan has not dumped the shares into the market.
Also look at the time frame they bought the holdings, they would have made a loss, not something that they traditionally do with ftse shares.

It appears that they have moved the shares internally and segmented into different divisions to sell back into the market or to major clients.

Asos have cash in the bank to last them a while.
Plus they have a rolling credit facility.
And they are currently getting some great deal from their suppliers that are trying to load in more products as asos had put a reduction in purchasing in place due to front loading a lot of merchandise.

This is a great example to investors, that the market prices are made up and have little bearing on reality, as Asos should be nearer an MCAP of £2b taking all assets into account.

Big pay day for all that buy now and can hold a couple of months.

Simon, I appreciate that Mike tends to do that, and would expect him to make an offer in the £1.4b region within the next month before the price starts to climb again.

"Shoe Zone is pleased to announce that since the publication of its trading update on 26 July 2022, trading has continued to exceed expectations due to continued strong demand for summer and back to school products throughout August. The Company also continues to benefit from the margin improvements as outlined in recent trading updates."

Shoe Zone RNS: they have seen an increase in sales revenue and profit.

Plus the news from Nordstrom that they have seen revenue and profits increase.

All starting to point to potentially Asos as having a great time of year

MCAP £2.3b by Xmas!

Always darkest before dawn!

Buy while those are filled with fear and weak hands have sold.

Asos solid company with Autumn Winter and Xmas sales on the way!

Increase in energy to cost physical location retail, Asos can capitalise with low costs and drive revenue!!!!

It's good that JP Morgan and T Rowe sold some shares back into the market. Having a free float helps the share to circulate and allow the price to rise.

Consolidation of shares, top 25 holders own 81.6% of the company.

Any further major buys will fast push the share price up!!!

Everyone is chasing those golden opportunities, when a share price of a solid business drops and gives the chance to make lots of profit.

Well, here we are and here it is.

Asos are strong, their market ever green.

There's been a few good buys that are not autos, usually a sign that the tide is turning.
Hopefully you see a takeover big of £1.4b be placed this week.

The march to Xmas with Autumn and winter retail starts now.

Looking forward to the payday on this share

Basically while this share is under £1b MCAP it's worth just consistently buying shares with spare cash and build a good position, and make lots of profit on the ride back upwards once all the doom and gloom is less news headlines grabbing.

Talking realistically, no pumping or being rampy.
But what are the chances of a takeover forward 14?

Cutting all the crap, and just being objective about this share, it does seem reasonable for a fund to buy up Asos for 1.4b, and then just ride the market for 3 years and have an MCAP worth 3 times. Despite what some nay sayers and doomsters are chattering, Asos are well established, have a dominant position, in a market with less rivals as its more consolidated, and a growing user base.

Even if a temporary hold on mass clothing purchase, this is cyclical and eventually the trade in fashion will return to previous highs and profit yields.

Judging by the general change of the fashion retail channel, and operates aiming to increase profit margins (minimum order etc..), with Asos saying they are in the process of refinement, the eventuality is that the share can return to previous levels, as such a very big opportunity from here. With faith in the company, and market cadences this is a fantastic investment share. Plant and wait.

Potentially an overbuy of what they wanted in the first place.
Or sold back into market some to cover transaction costs on initial purchase, as such to make the shares net amount more profitable.

Dogger69, the data does not really support than much of a down turn in consumer spending as much as the news papers are saying. The whole energy issue is being caused by energy companies ramping prices to make profits, and as soon as a new Tory leader is elected they will come out as saviour and get the energy capped more.

The truth is that the employee menarket is healthy, and there still is a massive population of people buying clothing. Young people literally need new clothing regularly as they physically grow.

Fair value for ASOS MCAP £2.3b

Dogger69, in the Nordstrom report it literally said their EBIT profit had increased to 33%

Also it takes a bit of time for the new Asos policy of minimum orders and reducing returns to fully kick it. The true is there will be less tire kickers buying clothing, as such the rate of returns will decrease therefore an increase in profitability.

Do you understand that there are only a few major fashion retailers operating now, with a more consolidated market place.

Dogger69, why are you being delusional about the fact that JP Morgan just bought 6% of the available shares, just after Mike Ashley bought 2.9%. so 9% of the free float cleaned up.

Alongside that the Nordstrom report in my eyes is good news, as revenue and profits increase. I get them being cautious to cover backsides, however we have just entered the period of most clothing purchase e.g. Autumn winter and Xmas.

And looking at the market there are a lot of takeovers happening, so for ASOS to potentially be a target is reasonable, as a big fund could take them over and sit of for a couple of years to double their money.

The whole stock market broadly had had the heck kicked out of it, apart from energy sector, and that party will be over soon as most have paid dividends so now can lower prices again and follow government regulations of fuel caps.

Fashion retail sales in the US alone for 2021 was $180billion

With the fashion industry as a whole worth $1.55 Trillion

So alot of market available!!!!

It would be crazy if no one tries to takeover Asos at the moment while the price is so low.
Seems like easy money for a fund to buy up Asos for 15 and sit on for a couple of years to double their money