George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
About as useful as a chocolate teapot...
In a research note published by Matthew Abraham, Berenberg advises its customers to buy the stock. The target price is revised downwards from GBX 600 to GBX 510.
https://www.marketscreener.com/quote/stock/ASOS-PLC-4003595/news/ASOS-Berenberg-reaffirms-its-Buy-rating-46286206/
I also think recent trading updates from various beaten down retailers across various sectors suggest that the tide is turning and whatever each has done to meet the current micro and macro challenges is now starting to pay off.
In ASOS case, the CEO has been quite clear; FY2024 is transformational - FY2025 is when the pay-ff begins.
DYOR/GLA
Steady on fella.. ha
Needs to get picked up by some tracker funds and once it does you'll notice the narrative change in the press / broker notes. Ideal scenario would be confirmation of 'good' progress/number in April and a move upward and back into the FTSE250 - after than, yes, I can see a fairly swift move upward as it would be picked up by loads of trackers.
Meanwhile, 388p is in view.
Above the simple 100mda (381p) - should attack the 200mda (387p). Looking very bullish all of a sudden I have to say. Blue sky in view...
DYOR/GLA
Preferably for the Euros
Expected at least to touch 400p off that update even if we couldn't hold it.
Back to tiny volumes until April most likely.
Just robots, buddy - riding the technical signals.
More like every morning, the robot account are activated and churn out the usual gibberish and the sane among us ignore / filter them. Looks like they're arguing with each other this morning.
“One of the standout conclusions of the report was that company was undervalued and probably worth four times its current market cap.”
Oh yes, Baby!
@ShareKhan007 - no, the gap is below the 50mda as far as I can tell. we held above it today. A solid close in the high 380s or above would be very bullish in my opinion. Jamesss' chart illustrates why. Quite possible tomorrow, looking at it. I expect volatility whilst the short positions reduce further (but not entirely). Potentially, a good trading opportunity for those with balls of steel.
I assume we're in another closed period until results now? Let's hope the BOD buy after results.
DYOR/GLA
Nice. I'll be heading back out to Thailand later in the year.
Bali for the month of April first though. Last year the Apollo offer came whilst I was beach side in Seminyak, enjoying a couple of Bintangs. You never know...
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