Member Info for Markshares

NSTAbz, if you are still around, I am more than aware of "how a PE ratio works, I'd say more than you are on the face of things.

Everything about ASOS is fantastic in my eyes, a fashionable business, the face of AIM, leading the way in online shopping and investing a lot in future groundbreaking ways of shopping. Everything that is, except for its share price. PE ratio doesn't really matter in a growth stock, it matters a hell of a lot in a non growth stock. Everyone has to make their own decision as to which one ASOS is. I would say it's still a growth stock but far below the levels needed to justify the ratio when it sat at 7500 and more recently at 4000.

People need to understand that ASOS only serious weakness has come to fruition and this fall is justified.

Haha I wasn't having a go at you (unless you have insider info)

A valid punt, will be a frenzy into close.

As a holder I'm a bit upset it appears to have leaked as we've endured a lot of pain while people in the know are getting in cheap now with no risk along the way

Given the slow fall and the sudden rise this looks incredibly leaky. I guess we can rely that whatever shinanigans have gone on behind the scenes today and over the last month's the perpetrators will get away with it Scot free

Yes of course most are holding. I would say the *majority* bought in here based on the potential to produce mainland oil in significant volumes, and everything so far has suggested that will be the case.

Do remember there are an awful lot of investors out there who don't even know these boards exist, and many who just don't check them.

So much scaremongering and bickering on here, I think it has definitely affected the SP in the medium term, but never does in the long-term as truth will out. The really depressing thing is how many people are pushed into selling either by comments on a BB or because of a fall in SP that isn't caused by news - neither of which should ever be a reason for selling in my books.

Down 11% on a single buy today as MM just fish for some sort of trading. Sadly it will just fall and fall until buying starts, however small. MM need their pound of flesh from every share and they haven't been getting it here.

I like the idea behind the share, and I like the demeanour of Aidan, but as I've said before this should never have been listed on the main market, it's an absolute minnow and was always going to get ignored there, I wonder if they listed there out of pure arrogance just to say that they are.

I hope they sell off the Asian arm of it, and obviously for a decent amount and start ramping up the speed of their operations. London is where the real market will be down the line and this should be getting hit hard by a large team of people calling or visiting restaurants to sign them up.

A £1 fee for each diner sounds like such a good deal for the restaurant and you multiply that by multiple diners in each of 1000s of restaurants and it's clear to see where the potential lies, they just need to do it faster.

I guess they have to hold back on advertising and promotion until they have sufficient restaurants listed as most people only download an app once. If it looks empty they won't come back later so it's important to get the data right before throwing it out to the masses.

Bazy, I mostly agree. On the face of it there has been nothing but good news all these months, ignoring the SP, every holder would have been over the moon a few months back if you'd told them we'd be where we are now. If Sanderson is legit, if k4 is ok, and no placing is coming then we have nothing to worry about at all. I guess the concern is only with the track record.

We will either look back with relief on this who debacle, or with absolute disgust. I do wonder how much of the last year has been perfectly orchestrated. I don't think any other oil company in history would be falling like this right before big news is expected. It makes me think the people behind the scenes know what's going to happen, either a shit result for k4 or another big placing, perhaps to "buy up" more acreage to disguise it.

The real concern that keeps playing on my mind is that £2m "opportunistic" placement that was not explained well at all, combined with rumours it was to bail out shorts. If true it means UKOG were complicit and in cahoots and so will continue to be. It seems one plausible way to explain a continual drop even on the numerous days when buys outweigh sells.

Did anyone here have a less concerning reason for that placing?

Yep, strange one.

Stupid to say there is something wrong with today's RNS. It has been specifically put out to say "don't tarnish us with the ASOS brush" and is ridiculous to effectively accuse them of lying, they have historically always UNDERestimated their targets.

I have been buying bits and pieces whenever the price drops to 29, but same as you - its always crappy amounts.

Im surprised a lot of people completely failing to understand the significance! Asos was at a PE Ratio of over 60 in August! For a well estabilished company it has always been alarmingly high, but always came with the justification and belief that future growth would be huge. If that one thing is under threat, then the SP bursts like a bubble. I can easily see this fall to around 2000, 1/3rd of where it was in August and a realistic PE of around 20.

I think Boohoo is the much better buy, and has been for a long time, as people move to cheaper clothes. Boohoo also constantly hits or beats expectations.

For the record I currently hold neither.

Boohoo is like the Aldi or Lidl of the fashion world. People will always need clothes, but they are moving towards cheaper and cheaper clothing which is why Boohoo and Primark are thriving where the rest are failing.

Brainer, the reality is that sadly this RNS justifies probably even more than a 40% drop. ASOS ridiculous PE ratio was built on the idea of huge future growth, when you get an RNS saying that is under threat, the whole thing falls like a deck of cards.

Haha, based on the RNS that just came out

Haha you have to laugh at Boohoo's unsubtle RNS

That article was one of the worst I've ever seen, from a generally poor website. It discredits not only UKOG but motley Fool themselves. How can so called professionals base an entire company value on current proven assets and openly ignore potential future earnings?

With this reasoning, some smaller companies ramping up to sign their first contracts are currently worth 0.00. I'm sure I could find 1000 motley articles that contradict Thier opinion on this.

It's so poor in fact that I certainly DO consider it an attempt to try and manipulate the market, one just wonders what their motive is. Every day buys are outweighing sells yet the price keeps falling; is it shorting or naked shorting?

Every day where sells and buys are roughly equal is good news, moving some of the shares to stickier hands

Thanks wizard for answering that, that's actually makes a lot of sense. I guess if he plans to hold for a long time and it isn't paying a dividend it makes no sense to cash options at this point. I do therefore wonder why derampers keep talking about him not cashing in options

Thanks wizard for answering that, that's actually makes a lot of sense. I guess if he plans to hold for a long time and it isn't paying a dividend it makes no sense to cash options at this point. I do therefore wonder why derampers keep talking about him not cashing in options