Member Info for nevergonnaretire

Anyone make any sense of these..? Shorts up or down?

Before i retire would be nice.. :) my head says 2 years minimum, even longer, but I have an inkling something will happen before then..
This is way oversold and is due a bounce at the moment, a move up to next week's results would be welcome, let's say over £6 - £6.50 and then reasonable results will be very welcome.
The shorts are very much of interest and seem to be moving almost daily now, with other companies now coming into focus, with boohoo and asos beginning to leak lower. Inflation will continue to reduce, little by little at the moment, and then larger chunks coming off, interat rates rising in the uk would be a headwind, but i believe we are nearing the top of thr mountain. Logic would say that one way or the other with news next week that shorts will begin to exit their positions, the cycle will begin again, where it will go and how fast will depend greatly on how well asos keeps their finances stock levels, margins etc and what the future looks like in the company. 2023 doesn't look like it's going to be a lot easier, especially first half, and imo profits shouldn't be much higher than this year, if at all, a tough 6 months before this Co. can push on with their advance.
Hold for the long term, green shoots will start to form
Still sticking with my £8.50 end of year prediction, although I'm probably thinking £8-8.50.

£1 Billion newco....:)

Would they not be purchasing shares on the open market first..? And at what percentage would a hostile takeover have to be agreed..? 51%? More..?Too many large shareholders involved to get anywhere near that figure. Imo you would have to get Bestseller to agree to then stand any chance of this going through..
Unless it's one of the largest shareholders involved in a hostile takeover, then imo it would be doomed from the start.
A merger with Nordstrom or Zalando would make more sense.
They can have my near 11k shares for around £20, or ill just sit and wait for the bounce back.

There's no quick exit on the cards..

A bid is one thing, to be accepted is a total different scenario!
£5 - nope
£8 - nope
£10 - erm... nope
What value does the board and majority holders have on this company? Imo it's way way north of here, plus a premium of future profits... come on! £15-20 and they may consider.. but in the current climate I'm not sure that kind of offer will come..

Can you really see that happening..? It would then surely bring Nato into a direct conflict with Russia with all her arms and soldiers to bear.. Russia would lose all ground in Ukraine and end up with the homeland being incinerated. Putin will be ousted and/or killed before this happens imo.

Bad spelling, even though their reasons are positive?

Wasn't this placing on the back of other news as well..? A placing at let's say £5 would have to be for circa 100milliom shares to do anything significant.. ie another retail purchase, or to shore up the finances.. what that would do to the share price is hard to predict..? It would give the shorts a chance to close on the higher volume, and I believe ino they will begin to close whatever the statement says (unless they are in a dire situation heading toward bankruptcy).. but would let's say being diluted in half be a positive aspect even though their reasonable positive?
All speculation.

Not sure how to read that, it still says 7% on the top??

Here's a question, would anyone both hold shares and short at the same time a company..?
Coiled spring is the word, and inflation coming down would let that spring go!
If no confidence then sell out, or halve your holding until after results and buy back in! Oooh, tough one that, to stick or twist..
As for the shorters, imo it's just a gamble at this point, as I believe this current cycle of rinse and repeat could happen at any point in next few weeks, what could ignite this are a multitude of things such as gov statement on economy, interest rates dropping, inflation dropping, putin dying, war ending better than expected Xmas sales and a lot lot more..
The share price is leaking due to a lack of investors willing to invest at this time, hence low volumes, maybe they think price will go lower, maybe they just want to be cash rich when the rocket goes off, who knows, but what I do know is when these so called shorters cash in their profits then to the moon we will go very quickly, make your choice stick or twist, up to you.. enjoy the ride!
I have now convinced myself to buy more, another £10k worth, question is will it be before or after results.. would love to pick up some at £5 each or below..fomo!
Do I believe asos forward statement will be decent..? I'd have to say I'm leaning towards yes, I look at boohoo as a guide then think asos do it better, their brands to me are stronger, and their own label offering with high margins I think will be key going forward.
Keep the faith.

I wish I knew how to look at the after hours trades better... is someone loading up, or is someone selling, all guess work looking at the prices, lowish volumes don't help though. There must be someone on here that could explain a little better..?

Then we look to us next week for guidance.. Asos results first, and other than sentiment and what we already know there is no reason to believe anymore skeletons hidden away, inflationary costs hit on margins which will be ongoing into 2023.. maintain current sales figures and any growth would surely be great, good inventory management with customer numbers on the rise would also be great.
What isn't so great is the lack of empathy from management, meaning that this update will need to be concise and full of detail.. they normally are from what I've read. Things can and will change quickly.

Then let's chill, I'm not down as much as a lot of you, but have other investments.. Tesco for one, which is over 30% down this year, a house builder at over 45% down and have another couple of aim stocks which are 90% plus down.. it's a fire storm out there, and as much as it pains me to say, one that only a Labour government may be able to put out :(
Truss needs to put her big girl pants on and deliver the stimulus statement this country needs ASAP or we may be without any government by year end.. another happy time for the shorters.

When is the next inflation data update due..? I was thinking next week at some point..

Zalando and next have dropped like stones today also (near 5% each..) tesco down after update.. imo this is reactionary, and if this did place then into the 4s would be likely, as surely hundreds of millions of shares would be needed to bulk the balance sheet, the only reason imo to place would be to push on with growth for a capital purchase., which I think highly unlikely. I would be very disappointed if Asos did place just to shore up balance sheet given the current share price.
We just don't know what direction the board will take next week.. all guns blazing for growth or react to current economic conditions by reigning in spend.. their comms need to be much better.
A lot of talk today about overall net debt being ridiculously high, but things are coming online now that should show fruition in coming months.
Cashburn is a concern, probably the main driver over placing rumour, sales figures next week won't be great but the forward looking statement will let us know what direction Asos will go, I just hope it is worth the wait.

..would be nice!
Move up before results.

Takeover.. pffft! What about a merger with Boohoo :)
I'll see myself out ;)

Net debt was wrong, pressed send too early...
Net debt = 1,034.62 pence x 99,940000 - 1,187.80 pence × 99,940000 = £153,088,092.

Quiet today, had a lovely roast dinner, plus apple crumble for pud..
Is it time now for Asos to snap back, with current mcap worth less than 2 months sales let's put some current financials up:
Asos Key Figures
(at previous day's close)
Market Cap. 568.66 m
Shares In Issue 99.94 m
Prev. Close 595.00
PE Ratio 4.41
Dividend Yield -N/A
EPS - basic 128.90 p
Dividend PS - p
Dividend Cover -
Cash Flow PS 215.23 p
Return On Equity (ROE) 12.42 %
Operating Margin 4.53 %
PEG Factor 2.14
EPS Growth Rate 2.06 %
Dividends PS Growth Rate - %
Net Debt 1,187.80 m
Gross Gearing 64.15 %
Quick Assets 729.10 m
Net Working Capital 538.20 m
Intangibles / Fixed Assets 48.37 %
Turnover PS 3,912.84 p
Pre-Tax Profit PS 177.21 p
Retained Profit PS 128.48 p
Cash PS 663.10 p
Net Cash PS -335.50 p
Net Tangible Asset Value PS * 382.03 p
Net Asset Value PS 1,034.62 p
Spread 3.50 (0.62%)
Net debt = £1,034.62 x 99,940000 - £1,187.80 × 99,940000