Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hold on to your hats this could get ugly.... shorts increased to 6.04%, sales still declining, macros still tough, expect them to play the "turnaround still working but slower than expected card".... There's more chance of seeing £2.50 than £4 in my view view GLA
You will all be begging for £5 a share come half year results, the rumblings i'm hearing are not good, I don't think it will go the way of Matches but it's not a million miles away. Everyone clinging to the sentiment that this "used to be £70 a share" needs to wake up, this company is very very close to being in serious trouble. As always DYOR, form your own opinions but I would expect to see shorts rise back to 7/8% in the next 8 weeks
Does anyone know when the next set of results are due to be an announced?
You will get a few friends on here on Thursday :)
I don't think this share hits £20 ever again IMO
Positive? Have you seen the JD news? I would expect ASOS sales to be much more in line with JD given the "20 somethings" target audience over Next, next set of results for ASOS could be a blood bath
Any thoughts or reasining for todays drop?
Share buy back looks to have finished maybe this is the upwards trend from here?
Shorts have increased to 7.05% and expect this to increase as we head to the 26th
** Sorry million a week noty month I stand corrected
"ASOS sales fall 15%, bucking broader UK retail trend"
I mentioned this a few weeks ago and got shot down when i talked about customer sentiment and proposition, ASOS is losing customers to elsewhere, I also wasn't talking *&*& when I said they were missing internal forecast by a million a month, anyone believes that this will meet the lower end of bottom guidance needs there heads tested.
DYOR as always, but until the CEO is gone this will continue to be a sinking ship
Spot on
In fact yesterday was 6.8% and now it's 7.47% so there you go
Think it's more likely that they will increase I don't think that there's much confidence that full year will be at the lower end, I think that's probably optimistic I think they will end up being below guidance, confidence in the CEO and board has to be seriously questioned, I'm more convinced than ever that he isn't the man for the job
Indeed shorts are up to 6.59% feels like they are taking a position heading towards full year results.
Anymore insight into the share buy back? Should this boost the SP in future?
You're welcome....
In my personal opinion I think the internal re-structure and cost savings will have paid off and probably offset, the longer term worry I have for ASOS is the competition and product proposition, it's all over the shop, at the moment I just think Boohoo is a better buy, let's see how plays out, but everyone is entitled to an opinion.
DYOR as always
This will be walked down to around £3.25 and then shorts will have a field day come 26th Sept, like I said they have been missing forecast by a mill a week so unless the internal cost cutting has been miraculous it wont be the same story as Primark. £2.50 after results is my bet and MA will be rubbing his hands together
I'm seeing shorts increasing so maybe you're talking out of your bum bum
Similar rise on BOO and other retail so this rise isn't specific to ASOS