Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Just my observation looking at watches Shame Asos hasn't got a great selection of men's watches. Just compare Asos and Debenhams as a example. The areas that Asos hasn't really developed like electrical gadgets you feel they are missing a trick . Almost like crying out for Ashley to aquire especially now he has a huge stake in Bolton's electrical group AO
https://news.sky.com/story/bigger-than-expected-drop-in-retail-sales-after-julys-wet-weather-12942081
My local town like so many towns have so many empty shops now .
That incident last week in Oxford St, where supposedly a organised type of gathering through social media tik tok planning to riot and attempting robberies on shops .
Even the mayor publicly asked the public to avoid the area ,Just highlights that in the near distance future retailers will find it difficult to survive in the high St , if society continues to slide further into the abyss.
https://www.hitc.com/en-gb/2023/08/09/tiktok-riots-and-robberies-planned-on-oxford-street-shunned-by-police/
Temu under scrutiny
https://bylinetimes.com/2023/08/11/back-to-school-knives-the-dark-underbelly-of-influencers-favourite-new-shopping-app/
Don't know why anyone can compare temu or shein to Asos .
They are simply the chinese versions of wish both seem to be playing out the same pattern as Wish.
if you look at Wish they ipo'd burnt huge amounts of cash in Advertising that drove up revenues to 2.5 billion. They did that simply to justify when they ipo'd of having a market cap of 14 billion . Now they have a market cap of 140m or a decrease of 99% of the market cap. now they have stopped advertising to reduce the cash burn. revenues have decreased 90% since they ipo'd and they are still burning what remains of the cash in hand .
They cannot sustain that business plan of just hemorrhaging money and selling tat .
They sell absolute garbage that like Wish after they stop basically given things out for nothing customers Don't return.
These are scam stocks and I'm still going short on Wish
Sp, has crossed above pivot at 4.26, which is bullish . The pivotal point now has ascended from previous weeks .The chart indicators macd(), and RSI(relative strength indicator), discipline positive divergence. BAT, price formation resembles a reverse head and shoulders, which is bullish.
This is the first time that I've seen this really bullish since I've been charting this seen early June.
Will they continue with the sample site ?
I like what the CEO is doing seems a higher percentage of clothes now are advertised as discounted bargains . Problem is half the stuff selling on Asos is on discount that surely starts to become more of a site for bargain bucket clothes than the chic latest fashion craze that was targeted for trend setters . But just my opinion but do others here see that ? I don't really know as I'm as about as trendy as a Russian motor car .
Your monies gone . Shame you can't even get puts to see this to the death 😕
The last published accounts was a detailed report about the ER and guidance for the latter part of the year which was published on the 15th June.
Here is the link below.
.https://www.asosplc.com/investor-relations/results-centre/
The good thing is that stock that they over ordered (800m)they have been trying to sell it . This will be pure profit as on the accounts it's been filled as a loss if I'm not mistaken.
"ASOS is uniquely exposed to changes in consumer tastes. If fashion preferences change, ASOS could see its sales decline. This is a risk that all fashion retailers face, but it is particularly acute for ASOS, which targets a very narrow demographic"
Just the above what was written was enough for me . clearly has been asked to write a negative article. I thought all fashion businesses run the risk of a new line of products not being embraced by the public?