Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
Short positions are a whisper over 6%, Tom.
£7 close.
Completely agree regarding the distinctions between Next and ASOS, but this is also reflected in the shares prices of both. One, an established thriving market leader, is £89 a share; the other, assumed to fail, is £3.40p.
*Online sales rose 5.0% to GBP3.16 billion from GBP3.01 billion, retail sales were flat at GBP1.87 billion*
Online business is thriving, I see.
*When you consider the many vanguard funds increase by 10-20 percent or more YoY I do wonder why people bother with shares like asos apart from a short term trade view?*
Yet here you are.
Agree. It's a very short-term view, and I would argue, one clouded by the current share price trajectory and movements.
The FY2025 projections (6% EBITDA on £3bn revenues (bottom of guidance)), if achieved (and granted there's some work to do) will see 450p a distant memory - if the company hasn't been bought out or taken private before then... with those kind of numbers a concerted move upward would be irresistible.
A further point to make is, once this pushes back into the FT250, with say a £550m mcap, the fight for the ever decreasing free float will be joined by a bunch of tracker funds. Not many shares to go around...
GLA
Maybe; maybe not.
UK Retail sales data is out on Friday and we’ll also hear from the horse’s mouth on Tuesday.
Not long now :)
Dow will probably hit 40 this year.
Overarching FED message: higher for longer.
Bailey is about as much use a chocolate teapot, so no point looking in that direction. Besides no one cares what the now much diminished UK does - it's all on the US/FED.
Increase until the oversold signal are stronger.
What matters though is the update.
Good luck to us all.
...this BB has gone completely off the chart!
Thanks, but MF is bipolar. No doubt around the same time there was a piece saying, don't touch ASOS with a barge pole.
And there is no jumping on a bandwagon - only 43,000 shares traded in 4 hours.
Not sure whether this is ASOS specific or whether volumes on the LSE are historically low.
The bar is low, they just have to say that they are within guidance, liquidity is fine and the outlook (including the driving change agenda) remains the same (or better) and we might attract buyers once again. The news has to be ASOS specific to move the dial I think. Inflation data, unless worse than expected, just can't do that job.
GLA
Core inflation also came in slightly lower than expected.
I doubt the slightly lower print will help us much here, but anything short of expectations would no doubt have harmed us.
Let's hope the hedge funds fed a higher than expected print to their stock picker algorithm...
Here's to hoping, anyway.
The correlation between short positions and technical signals is so obvious, it’s almost laughable.
About as laughable as the conspiratorial notion that they ‘know something’ we don’t.
I’d take much more notice of Barker as an NED than algorithms picking stocks based on horrible technicals. This isn’t shadowfall and some dossier of disaster.
Anyway, each to their own and I respect and welcome everyone’s interventions here.
GLA
Short increase could be for any number of reasons. They certainly won't know anymore than Barker - a director who has just stuck his hand in his pocket for a cool £2m.
However, my money is on the horrible technical signals. And for this reason I don't feel at all surprised by the short increase.
*Aggressive shorting just before update suggests results will be quite bad!*
Aggressive topping up by directors and major shareholders, just before update, suggests results will be quite good!
Take your pick..
You've obviously sold out, Temuchin.
Leave the hysteria to those still invested.
Personally, I got out at 35p, a couple of weeks back at a £75 loss. Still believe there's a good chance this comes off. TED makes no difference and was to do with some kind of licencing deal falling through.
I'm tempted again at these prices.
No it's not.
What are you talking about>?