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Likely 425p could be tested late afternoon after BoE rate rise announcement, market expectation 0.25% increase.

Thereafter, I expect 450p to be within touching distance.....

"Frasers post comment on their positions in Ao, boo and curry’s but not on asos??"

Could this mean MA is circling and about to launch a bid........?

Quite possibly, at the price we are seeing today - it won't remain at this level for long.

Just a matter of time before we see £20-30 again, ASOS can manage now on its own. Not sure Next would be an appropriate partner or have ever considered such a proposal.

What we are now likely to see in the coming, weeks, months and even years for ASOS....

A more dynamic and focus driven company? We are seeing the green shoots of this already.

There is no reason why the SP could not return to the dizzy highs of previous years either. One has to remember online shopping is growing exponentially this is good both for the consumer (choice/value/convenience) and those businesses who serve their customers online (through savings on rental costs/staff costs).

Trackers look to be all but done now, most FM's have now cleared their desk for today and enjoying the afternoon sun in the bars and coffee shops in the City.

Good spot! typing too fast......"a busy day"

Another bust day ahead of us today before the weekend! We are likely to see further positive re-rating by analysts in the coming weeks. Look out for ASOS referenced articles in the weekend financial press.

Drinks in the garden from 4.30 p.m.

A turn around is the better option for all shareholders, ASOS in 1 years time could be well on it's way back to the stock market darling it once was...thereafter we will see the double digit SP and if the BOD gets this right then we could see £20-30+ SP

We only need another 13% rise to bring us back to the placing price of 418p, I don't think (if there is a bid) the range would be 425-450p more likely 550p from a standing start price at the outset of any bid interest and that's if we had one in the next month or so. Can see the price accelerating significantly from mid July, so anything after then the SP will probably be well out of the prices I mention here.

25-28p is probably fair value in the short term with Boohoo, currently being played by those holding short positions and MM's. I will look to top-up around 25p.

Clear and concise update which outlines ASOS has formulated a recovery plan which is starting to bear fruit. Markets are very happy with this update. As I mentioned yesterday, it will be back in the FTSE 250 Index again by year end. Probably one of the best recovery plays on the market with 3 key backers.

Everythingmoney - the second one mentioned below - which I know Luke Lango in the US is an advocate of sounds easy but is extremely difficult to do, you only need one bad investment (or a disastrous market update) and you could be back to square one or worse! Also to follow such a strategy you need exceptionally good market insight/information, this often comes at a price and does not always pay off.

By the end of 2023 we could be looking at one of the biggest SP recovery stories of the year, the bad news is now out of the way and ASOS has a plan in place to turn things around.

SDRT (Stamp Duty Reserve Tax) will be 0.5% of the value of the trade, in this illustration £5000

Totally agree Knowbodyyouknow

It would not surprise me if 400p is achieved in this time period, the mass selling has now subsided, i.e. realignment of FTSE 250 tracker funds has taken place. Consider this a temporary position though as it will re-enter the index again with the likelihood being September. The expectation for Thursday is a fair/positive trading outlook.

Remember, 3 Billionaires have ASOS as a 'high conviction' stock as part of their overall investment portfolio's.

I can see further stake-building this week by Ashley via. Frasers Group.

ASOS has 3 key shareholders (all billionaires) who have a combined equity position of 44.9%, we may see a further slight dip in the SP but we will see a recovery. They are not invested to loose money or take this under.

Exactly where are the diamonds?