Member Info for Nick1234

Is there a date set for the move yet?

Results Friday no?

Completely agree. NAV up but shareprice down?! Seems illogical and the discount to the NAV has now widened.

Still at least the RNS hinted at an increase to the divi at some point in the not too distant future.

This is moving in to oversold territory now. The PE is around 21 which is low for a company growing so fast. I expect it will start to level off now and then push back up. Good news on inflation or a positive trading update could be a catalyst.

I thought the results were v.good, slightly better than expected and bodes well for 2022.

I guess its just down to profit taking after a really good couple months. Personally, I'm holding. I got in at 313p so the divi yield isn't too shabby for me and can see 600p being hit before the end of the year.

Don't why we had to wait a couple of hours for the post RNS rise. Bit of a delayed reaction.

Hopefully, this will move back up towards £40.00 pretty quickly now.

The share Price is now quite close to the NAV, the big discount offered over the last 18 months has been eroded by recent increases.

There should be a new NAV announced by the end of next week which could provide a boost to to the share price if it provides a decent uplift.

Exactly Noddi, I don't think he's sold up because he doesn't have faith in the company or because this is as high as the SP will get. He's sold up because he's 68 and wants £20m in the bank. You can't begrudge him that, he's worked bloody hard over the years. He's still got another £20m invested, but that's a tiny fraction of the value of the company.

Bizarrely, Liberium Capital have a target of 2,300p.

"Liberum Capital stuck with its ‘hold’ rating, though it reduced its price target from £35.60 to £23.

‘The company has maintained guidance but after a slow start to the year, there still remains a lot of work to be done to achieve this’, cautioned the broker.

‘While ASOS has made significant technological and infrastructure progress over the last few years, significant cash has been burnt to achieve this and execution has been a source of disappointment historically.’

I think this is a great move and is actually more important than the trading part of the update.

Being on the FTSE makes it harder for the shorters to manipulate and they know that. No way would that 60% fall over the last year happened on the main market. More stability and less volatility going forward.

Absolutely superb trading update. A £65m increase to expected profits for the year. Glad I'm invested here.

Any companies that have exposure to an increase in inflation and interest rates, particularly in the US are getting hammered. The Nasdaq is down approx 8% in a week.

Haha, can I wait until after Thursday's trading update to answer that one? Seriously though, I would say within a year. Although there are a lot of variables; high inflation, an economic recovery and covid being the main ones. The 4 most recent Broker Ratings (which usually have a year long timesacle) have an average target price of 4450p, which would give a 100% increase from today's share price. All my own opinion of course.

@ubik_fresh It's very hard to call the absolute bottom, but I'm confident we are at or near to the bottom now. The P/e for a company growing as fast as ASC is very low.

Discipline is needed as an investor, too often I have identified a good opportunity and sold out too early and missed out. I could have doubled my money on AIG and ITV in the last couple of years if I'd hung on a bit longer. IMO, I can easily see 50% upside on ASC once the tide turns.

I think the results will be fine. They have to be roughly in line with expectations otherwise we would have seen an RNS like with Boohoo a couple of weeks ago.

My worry is the forward looking guidance, the update will no doubt reference inflation, shipping costs, rising interest rates, weak consumer spending etc in 2022. The Next update today laid these out very clearly and led to a drop on what was otherwise a great trading update. I think today's fall reflects this so fingers crossed the update will be well received.

I'm back in too. Saw it at just above 2,200 and couldn't resist.

The Citi target price seems bizarre.

UBS have just increased their target price to 775p and say it's a 'buy' implying a 25% upside.

There was a big notice on my HL account on the morning of the 24th saying that share prices would likely be showing incorrectly after the close. Did other people not have this?

I agree Taverham. I've made a small purchase today and will look to add to it in 2022.

Agreed. I would go back in at £25.