Member Info for lsestocks23

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

Not sales figures, interna sentiment say. either way everyones entitled to an opinion, I was just trying to add perspective to Ashely increasing his stake and what that might mean for PIs in the long run

Just the expected response from this board, DYOR as always just sharing insights from what I hear

It's hard to give opinions on this board without getting jumped on and I have been in and out of this share like a yoyo over the last 23 months riding the highs and lows to good profit, but with Ashleys increase to 17% there is no doubt that he smells blood. I'm out of this for the time being, i still believe that this will go to circa £2 in the next 12 months and that MA will continue to mop up shares until a point that he can take over the company. What I do know from people inside this company is that the last quarter they have been losing nearly a million a week (missing forecast), they havent had the same tailwinds others havce had a by all accounts the sample site has been nothing short of a flop. I will be berated for this but I guess you'll all see for yourself on results day, looking forward to seeing what spin the board and the CEO try to put on this time

It's being moved up and down, there's a much chance of this hitting 2.50 as there is 4.50 when results hit, very much expected to be the same tone, ongoing recovery, slower sales in line with macros and the usual bla bla bla from the man from del monte. Even without the macro economics you have to look at the ASOS proposition, it's not what it used to be, i'm fearful for anyone that thinks this multi bags, i think those days are long gone

This thing is going to go sub 2.50 I am afraid to say and sorry for those that got sucked into the hype on these boards