Member Info for Peoplepower1

That's your opinion Jamess. If you don't look at final results and interim results with a negative viewpoint then you can lose your hard earned money.

Companies should always be lean machines.

Asos is not growing. It's no longer a growth company. It's losing revenue and this tells you it's not growing. This is a huge red warning light.

I would think Barclays have done their figures and don't see Asos nor Boohoo making any progress before their trading updates.

It's up to Barclays to let their clients know when they think there is a problem with shares and this is what they are doing.

CEO of Frasers stated it would all become obvious why they had bought shares in Asos, Boohoo, Currys, AO World, etc.

The obvious to me is they want them to use the Frasers Plus Payment System. This is where Frasers are looking to make money for the future imho.

Klarna is worth more than $30bn and Frasers want a bit of this imho.

Frasers are charging nothing for Frasers Plus payment system whereas Klarna charge for their payment system.

Frasers are already talking to Asos, Boohoo, AO World, Currys, etc about using the Frasers Plus Payment system.

For me, this is the reason Frasers bought shares in these companies.

Jamess, that's all part of confirmation bias too.

Broker reviews don't know what they're talking about, MMs are up to their tricks and pushing the share price down, shorts are manipulating the share price. It's all their fault and I'm right.

Sadly people buy shares without doing any research. They think Asos was once £50 so they're a bargain now.

They're not a bargain now. They're no longer a growth company. They have loads of debt.

Once a company starts cutting costs then this is a red warning the company is in trouble. When a company has to raise funds or borrow money then this is another red warning light. When revenue starts going down even if it's only in one of the company's regions then this is a red warning light too.

Please read the final results from a negative view point and learn what's wrong for yourself.

Confirmation bias makes you believe you are right when you're wrong.

I've been there too.

Now I'm doing my best to read final results with a negative viewpoint and to stop looking for confirmation bias that I'm right when I'm wrong.

Wishing you every success with shares.

Confirmation bias is making yourself believe Barclays are wrong and you are right.

I've been there too.

Now I'm doing my best to read final results with a negative viewpoint and to stop looking for confirmation bias that I'm right when I'm wrong.

Yes, sadly, I thought Boohoo could become the next Amazon. How wrong was I?

I looked for confirmation bias to support my beliefs for Boohoo when the share price was £4. Now look where the Boohoo share price is, 34.34p.

I've learnt some really hard lessons about confirmation bias.

I'm doing my best now to read final results from a negative viewpoint.

Personal attacks are conformation bias too.

It's your money to lose if that's your choice.

Personal attacks are used for confirmation bias too. I've been there and done this too.

I have lost loads of money on shares with my confirmation bias.

I am doing my best now to learn how not to use confirmation bias and to look at shares from a negative viewpoint.

Confirmation bias damages everyone's wealth.

Reading through final results with a negative viewpoint is the best way of looking after our hard earned money.

It's your choice to lose your hard earned money or to look after it.

You're looking for confirmation bias again.

Confirmation bias is your worst enemy.

Negative Nelly is your best friend.

Asos don't have to pay anything to Frasers for the use of the Frasers Plus payment system whereas Asos do have to pay Klarna for the use of the Klarna payment system.

Https://www.thetimes.com/business-money/companies/article/frasers-takes-on-klarna-in-buy-now-pay-later-battle-gj7cg9zk0

Https://www.retailgazette.co.uk/blog/2024/06/frasers-pitches-credit-offer/

CEO of Frasers stated it would all become obvious why they had bought shares in Asos, Boohoo, Currys, AO World, etc.

The obvious to me is they want them to use the Frasers Plus Payment System. This is where Frasers are looking to make money for the future imho.

Klarna is worth more than $30bn and Frasers want a bit of this imho.

We all need to learn to be negative nellys about the shares we buy and the shares we hold.

Confirmation bias is our enemy.

Negative Nelly is our friend.

Frasers have influence and will be talking already to Boohoo, Asos, Currys, AO World, etc. about using Frasers Plus payment system.

Confirmation bias damages everyone's wealth.

Please look beyond confirmation bias. It is difficult. It's worth doing.

Revenue for Revb went up 2% from fy2023 to fy 2024.

The USA declined 14.6% for fy2024

Revb are expecting revenue to decline for fy2025.

Please read the final results with a negative viewpoint. Look for the negative points and not for confirmation bias.

Focus much wider than the profit before tax for 2024. I think you'll find it was down to cutting costs and cutting the number of products they were selling.

It's so important to read the final results from a negative viewpoint. It is difficult. I know from my own experience.

Confirmation bias is damaging to everyone's wealth.

This is what Boohoo did with Revolution Beauty i.e. request an election for new board members.

Majority shareholders have the benefit of voting and election privileges.

They have a say in the direction the company decides to take.

Majority shareholders are consistently updated about how the company is performing, and if they are unhappy, they can request an election for new board members.