Member Info for Paradisewanted

Any thoughts on todays transaction by USA institution?

Great news shorters are jumping the boat. This can only go up. Any offer will burn the shorters:)

Can’t dismiss the fact shorters are decreasing every day. They are bailing out and closing their positions. Now down to 6.06 %. Obviously they are afraid abd feel they have made their profit and now see Asos share price recovering. Inflation is going to come down because of Truss’s rescue package. ??

It appears shorters are running to close their positions. This must be in the light of Truss’s rescue package. This is going to send share price back up North ??

UK weighs huge support package as Europe battles energy crisis - https://uk.investing.com/news/economy/uk-weighs-huge-support-package-as-europe-battles-energy-crisis-2742442

It’s pretty obvious shorters will be forced to close positions this week as price has already started to rise. Truss’s rescue package has already had a positive impact on retail sector.

Jon- As much I don’t agree with Dogger and his concerted effort to bring down Asos so that he could buy dirt cheap (this is only possible if he and other shorters succeeded). Sadly they have succeeded only because Asos has been slowly drip feeding selective people in the city about sales coming in lower than previously publicised - that is criminal and Asos management should be prosecuted for this.

That said I do agree with you that this will go North with the same speed it dropped South as it’s not going to take long for the under lying factors to turn positive.

Ridiculously low and seriously unjustifiable for this to be at this cheap cheap price. I suspect shorters know this and will start to close positions resulting in rapid recovery.

I too have suspected this for sometime. It’s well known normal practice for professional day trader’s and shorters to do this.

Shut up Dogger. Your scaremongering is disgraceful. Have you no shame or conscious. If you don’t want to buy that’s your right. Can’t you see no one is interested in your bull ****

If a takeover bid comes in it would be at least double current share price of say £14. This stock is heavily shorted So ALL the shorters will be rushing to sell and close their positions. This will send the price even higher. Also UK market is closed on Bank holiday Monday. The USA market is most likely to recover and even recuperate days losses. So UK market likely to open and go higher on Tuesday. Those who didn’t buy today at this drop are going to cry on Tuesday and even more by Friday.

Finally Large purchases by someone as prominent as JP Morgan / Mike Ashley with solid financial muscle demonstrates Asos is being targeted for a takeover?

What is a realistic takeover price?

Jon- Agree with you. I know it’s frustrating. Fundamentals have more or less the same for last few months- not much new information. The shorters are criminals.

Essentially these are paper losses. Shorters are going to suffer heavily SOON. This WILL go up soon- just need to be patient.

Dogger - don’t try to instil fear in people to sell and send price lower so that you can buy at even lower price. Have some conscious. People on this board can see through what you are trying to do. You are not the only trader who employs this disgraceful practice.

Four Directors purchased 94892 shares in June. Between them at a cost of £3,197,385.94. This equates to average cost per share £8.42.

These Directors know the business inside out. Why would they buy if this company is going to shut down. Asos is only caught up in market sell out due to inflationary pressures plus other factors which these Directors already knew about. In fact all the factors are not new. This has been going on for some months now.

Current share price is only below about £1.10 from the average price paid by four Directors of £8.42.

Of course it would be nice if at headed North of £8.42 and beyond. The Directors obviously have full confidence that they are going to make a decent profit.

Furthermore Asos only has 100 million shares in circulation so it’s price fluctuates in both directions quickly because there aren’t enough shares to go around. Shorters of course take advantage and drag this down further. A practice that should be regulated and prevented. However this WILL go back up just as quickly as it went down. Shorters WILL rush and WILL be forced to sell as super quickly as they can and of course they WILL send this share price higher and higher.

It’s not worth selling at this ridiculously low price as it’s obvious this is going to fly back up. Right now it’s just a paper loss - hold firm.

Below is an extract of USA retailers making good profits - a good sign for UK retailers including Asos.

“On the earnings front, investors digested mostly positive quarterly results from retailers, with Macy’s in the spotlight.

Macy’s (NYSE:M) jumped more than 3% after reporting better-than-expected second-quarter results, though a slowing economy forced the retailer to trim its full-year guidance.

Dick’s Sporting Goods (NYSE:DKS) lifted its full-year outlook after reporting second-quarter results that beat on both the top and bottom lines.“

That’s great news isn’t it. Shorters have also reduced from 6.31 to 5.79.

Does anyone have any idea which price range the rights issued will be?

Ukraine says ships pass through Danube rivermouth, sparking hopes on grain exports - https://uk.investing.com/news/commodities-news/ukraine-ministry-ships-passing-through-danube-bystre-rivermouth-2685435

You are the fool but I will not follow suite and disgrace myself by going on offensive to your low standards.

I only asked you a straight forward question but look at your behaviour. Bye bye

C26 - have you actually invested in AML?