Member Info for RobertoLarcos

KIND REMINDER:

Still 75% down since Calamonte, 40% down year to date

To put things into perspective, the SP is 40% down year to date... -75% since Calamonte took over

I am always right

And Factset....

So 48% is on the low end but it's not exactly 'tiny' as many on here think

Why is everyone saying that the free float is small? Isn't it 48%?

1/3 gone in a matter of months! ASOS is in BIG trouble

From HSBC report:

Semrush data implies H1 in-line with expectations: Looking at Semrush data, ASOS total traffic fell by c33% over H2 last year, versus revenues of down 18%. For H1, traffic has fallen by 30%, i.e in-line with continuing revenue trends over H1.

There are other data points that could cause the share price to move.

Celtic!! long time no see!

I would be happy if there was a cross section of the human race, unfortunately, there isn't.

Just browse for 1 minute through the website and you'll see what I mean

I admire your courage..! The fall is now accelerating

Ahahah Matt... its tragic isn't it?

and the flag bearers of the turnaround story are now long gone (e.g. Knowbodyyouknow)

So you mean buy/sell orders. And it's than not then

Btw samb I'm not sure I understand (or in fact you understand) what you're saying..

For every buyer, there's a seller. if 80k shares were bought, 80k shares were sold (I mean, I shouldn't have to explain this)

ASOS is heading into unchartered territory ... I don't know what's going to happen therefore I'm not touching it

But I foresee another painful restructuring taking place in the next 6-12 months

-Another dilutive rights issue at the current valuation to pay down debt

-Opportunistic buyout offer, perhaps at £2.50-£3.00 and paying down debt

-I see sacking/resignation of Calamonte / CFO very likely in the next 6 months

-Worst case nothing of the above happens in time, and ASOS goes into a pre-pack administration to get rid of the debt, completely wiping out shareholders

In general, I see limited upside and not worth the risk

I *knew* where this was going, past tense.

We're already here, the turnaround has failed

Sj74 so you are saying you have no clue where this is going but you are still long on the stock... why? And what's the difference between that and going to the casino?

I also don't agree that nobody knows. For 2 years I've been saying that this was overvalued given the limited upside and huge downside ....when it was north of £3.50... and I was right, and I know where it was going - and here we are now

I even posted a couple of times when this reached the dizzy £4.50s that it was an excellent opportunity to sell

Classic... everyone else is wrong, the market is wrong, the short sellers are wrong, and sj74 / jamess / KBYK are right 😉😉

Another one!

LOL