Member Info for JordiMendes

Jamesss, teasing a breakout that won't happen as usual?

When do you reckon the numbers improve jamesss?

"Still no forecast from Roberto or Jordi ?????????????

Come on ASOS, finish above 325 to breakout north."

Not going to move properly until the numbers really change. Inventory coming down, but just taking too long. They'll get there, but I really wouldn't have a clue when.

It's too late for more nonsense jamesss, I'm going to bed.

Jesus Christ jamesss 🤣

Jesus wept. So more than one person calls you out and it has to be the same person. Couldn't be more than 1 person questioning you.

I did actually note a couple of months ago when you bought just before the rise. But, you talk a lot of nonsense, not calling you out any more than anyone else, but you guess. Like everyone on here. You mention "technical analysis" quite often but unfortunately for you, we've all seen enough of your posts. Like I said, no different from anyone else, eveyone is just guessing where this is going. Which to be honest is always going to be the case. Just amuses me when people pretend to read charts.

I'm talking about comments on this Asos board. Don't dispute you've probably had lots of good winners. It's the random guessing where the sp is going to that's ridiculous ie "this is oversold", "when it hits 470 odd pence, this could shoot to 1000p" (or something similar).

I'm not Roberto, just saying there has been a lot of incorrect calls on here including you.

Has been a shocker of a share recently cuppy.

"A*

I did think the Shein not listing in London news, would cause a bigger rise in the ASOS share price if I'm completely honest.

I can't be right all the time I suppose 🤷‍♂️"

Tbf jamesss, can't really say you've called much right. Not saying the likes of Roberto have either, just guesses from either party.

£10 could come but not yet. The ridiculous stock situation has hampered Asos big time. Obviously a lot of competition too but £10 isn't a crazy valuation once everything is sorted out. It's just taking an age to sort things out.

"Thing is, if we get past £4.70 ish, then £10/12 is easily attainable."

Easily attainable?

All just guesswork

Berenberg Bank have a 600p target

"Berenberg Bank reaffirmed their buy rating on shares of ASOS (LON:ASC - Free Report) in a research report report published on Thursday, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 600 ($7.99) price objective on the stock."

Hmmm, not sure this is good news. I haven't got much in here so will just see how this plays out.

"focus on profitable full-price sales meant underlying earnings rose 58.8% to £42.5 million in the 26 weeks to 2 March"

^

Obviously that is good news but this is probably static until the "proof" is shown

Very true lol.

Had a check as thought my average price was 700p but it's a bit better, 625p. Still, not getting near that so when/if we rise to the 450p mark again, I will flog most of them. Don't get me wrong, will look to potentially buy back in, but can't see this moving much.....unless there is an offer.

Completely different business, but this has a feel of Capita about it. Promise after promise about FCF, but unfortunately never manage it and the SP just continues to tank.

For clarity, will be looking to sell these at some point.

Tbf to Roberto, nobody can really call him out. No profit warning but the signs aren't great.

Everything from the analysts is downbeat:

"Julie Palmer, partner at Begbies Traynor, remarked: 'Sadly, ASOS continues to face an uphill battle to regain its footing in the competitive online retail market.

'With revenue growth remaining elusive, the share price sitting far below its pandemic heights, and now the looming threat of tariffs, investors have little to be hopeful about."

Analysts at Panmure Liberum are sceptical about the company, saying in a recent research note: ‘Key questions remain as to whether the model can thrive beyond the UK and whether the focus on Test and React is limiting the company’s customer reach – active customers in the UK were down -11%. A return to growth is necessary to support a return to meaningful free cash flow to pay off its still outstanding circa £500 million of debt.’

Not a great read imo. Not terrible either, pretty much as expected. I will probably sell a few if we get a rise as this will just move sideways for ages without an offer.