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Which part of Thailand?
Sir ..that is a bold claim!
Ever hopeful, but I don't quite share your optimism on this one.
Up she goes. Nice afternoon ahead (maybe).
It's not mine either ha
I think I'm out slightly with my 20% is 25% more than 15%. It's actually 33% more, if I'm not mistaken. The point, however, remains true, in my opinion.
*In the past year, the maximum return one could have is c.15% if they managed to buy the bottom*
In the past year there have been a myriad of opportunities to make a bunch more than 15%, but even if you bought at the 52 week low (320) and held until today's high (389) that's about 20% (25% more than 15%). However, I suspect there are many here who have cleared a lot more than 15% over the year with their trades on ASC, I know I have.
I think you missed the general point I made: happiness here and elsewhere is very subjective. Also, your math is out by quite a bit.
The company certainly is not without its problems - few would deny that. But if it's not for you, pass on by and wish the rest of us luck.
GL / KBYK
Thanks for replying.
Yes it's currently sat just above the 50dma.
I personally think there is a gap to close between the 10 and 50dmas, and we'll see if it gets pushed down to close it. Alternatively, the 50 might provide support.
Enjoy your holidays. I'm about to head off for the first of my annual trips to God's Playground. Definitely won't be sorry to see the weather here in the rear view mirror, either.
GLA/DYOR
*ASOS among the worst performing stocks in the past 3 years on LSE. A staggering decline of 90%. But everyone on here appears to be happy.*
I don't think everyone is happy. A lot will depend on entry prices. Most on this BB seem to be here for the recovery play, and as such we haven't seen a 90% fall in the value of our investment over the 3-years you mention. Those that got in the other day at 329p would (currently) have good reason to be happy. Someone like me with an average in the low 600s would be less so. Others are doing well trading it (I've had some success there myself) and will be happy about that.
I feel a little better following the update, but there's a way to go before I feel happy about my entire investment, but on the whole yes there is a lot for people to be happy about here.
GL
What are you thoughts on the chart?
Good luck, Newboy41 - decent profit for the time frame.
Good luck elsewhere.
You asked why JeremyP was spamming drivel on the BB.
I was basically saying that which you asked is an eternal (never answered) question, in a place where the spamming of drivel is a constant.
The 64 million dollar question, on the LSE BB!
"Funny how the update was so short. If there was plenty to shout about we would have a lot more to write about"
I don't think this applies, given that H1 results are released in April. At which point, yes, the cash position, the debt and how they plan to reduce it (I think net debt is actually around £300m) and other important matters will no doubt be laid out in detail. ASC has a history of detailed RNS.
And finally, every dog has its day...
ASOS has had plenty of dog-days and seems to be setting itself up nicely for another run around the park.
To be fair, if they get taken out this year for £3, I’d be very pleased. But I definitely think £5 is achievable, long-term. I felt this way before the PH note. We’re only down here because a bunch of numpties don’t know how to value the company and another numpty doesn’t seem to want to show them how. The latter isn’t really a numpty - he just behaves like one sometimes.
5 years. £5 target.
Auction into close is my bet.
Quite the day it's been.
We've waited a while.
Looks very strong yes.
Might rally for a few day - possibly into results.
And that's not because I profess to know more than they do, it's just I don't think they know very much more than the rest of us.
I'd pay about as much attention to so called market analysts as I would short sellers. Just different sides of the same coin.
That's the simple moving day average, but 380p seems to be putting a halt to proceedings at the moment. Might take a couple of runs at it.