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Yep the high inflation is having an adverse affect on the customers incomes. If pay was keeping up... would not be so much of a problem. The amount spent on clothes will fall in the UK I reckon as a whole for some months.
Also will be some strain on supply costs too for ASOS and question is how much of that can they pass on.
I note they have unsold stock which would have been sourced a bit cheaper. I note 807 million of inventory as at August 21 so that could be a good thing if its decent stuff. They could flog some of that.
Some will be putting off clothes purchases for a while. That said though, ASOS is a cheap clothes retailers and so the customers who would normally choose to buy more expensive could flock to ASOS.
So ... a challenge yes but I ASOS will be ok.
Could be silly... but I have just placed my SIPP top up into ASOS. Its at a new year to date low... very hard to figure out bottom... but hoping much of the world negativity is already priced in.
I still think long term when things normalise this will back up there and will come good.
GLA I really hope things go back on the up real soon
Will this go back up nearing close as investors return from making a bit of money over at 88E?
Wow. Bought in this morning and asked if i was stupid or brave... Got lucky somehow at 1.2p purchase.
Bet the people that were saying this would go down to. 0. 5p feel rather silly today. Either that or scratching their heads in disbelief.
Crazy world of AIM
Derampers... Some also do it if they have burnt by the stock in the past... Or have sold it too cheap. Causes a vitious energy that makes them want to burn those who have benefitted more. And there are trolls.. Those with no wealth as such so like harm thoses with wealth.
But most as you say just wanna buy in cheap. There some do gooders who are convinced of doom and warn others. Just a myriad of reasoning and the frustrating thing is... You dont know their motive
I have also bought in so we are both either brave or stupid.
I do not think there is any hidden motive here. My conclusion is the project was short on time and unfortunate about the equiptment breaking. Its a risky business and these things happen.
We have a highet oil price now then in the summer and we have alot potential in the drilling area. May or may not be a duster. To early to conclude.
Regardless of how it is structured. The outlook is good for this company :-)
The analysts on this board can't reconcile the 49% stake in the company apparently.
I am royally confused I am not gonna lie.
Need to do some research of my own this weekend.
Isn't it profitable again though? I thought that is why it went up. The high interest has been known about a long time right - nothing new
So many of us are holding at a loss right now and it is very frustrating.
I am a concerned investor - when you type in mask on Amazon - it does not come up on sponsored list or best selling list - it might as well be invisible.
This has a MASSIVE unique selling point and to me marketing is non existent. This should be outselling other masks big time.
I hope that sells are occurring and certainly do want an update. I continue to hold as hedge against Covid getting globally worse as this is a product in that situation that may do well regardless.
They have taken way too much time to get this running off the ground.
I agree with your rant billyboy.
If this sky rockets the SP the press are gonna wage a war of words against Amigo.
Martin Lewis is well vexed up about the decision as is the Guardian newspaper especially. I am hoping this board will deliver on the PR side and restore the brand when this blows over.
There are alot of parties out to get Amigo.
I bought in on friday, anyone know why the hell I have lost third of my investment on paper.
makes no sense to me - It has dropped on no news.
I sold out monday due to director dealings. Crystalised my loss. Definately regret that now.
Congrats if held on to see todays rise.
Gla
Brilliant!!!!
This comes as a massive relief to those including myself that bought at well over 4p. I have massive faith in Gareth and with production starting soon... And no massive sellers this time to disrupt the Sp. I am quite excited about ehat could happen here in the days to come