The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Thought the boe decision was tomorrow lol I was wishing the week away thought it was 21st today.
A lot of articles for reasons not to, bond market, recession, mortgages becoming unaffordable etc. With the Americans holding firm I think boe will follow them.
Not followed all his buys but can say ASOS had a little rise while he was buying, to be expected but then proceeded to hit the lowest in 12 months. Currys looks like it's closer to it's bottom and ao seems to be doing ok. I think him buying only gives reassurance to some because he's probably just blown 20m odd buying 5%, hardly back of the sofa money.
Just a waiting game and we're all impatient! we can see where we are headed though. See what BOE do tomorrow, could have a small impact here if they hold the rate and tell us inflation looks to be easing quicker than expected.
Why compare? Because they both have a lot of similarities and you can speculate with a bit more accuracy by seeing what one or the other is doing. As for ASOS going to zero I think you need to look at their latest Trading update, they won't go to zero and even if they capitulated downwards they'd get brought out.
Also looking how their web traffic is split they get around 23-24% of it from the USA which bodes well for the DC goes online there. Cost saving, better delivery times would mean better conversation of traffic to buyers. Plus they can attract more traffic by pushing harder with a better offering in terms of service. Looks like positive green shoots to me as some would say on here. Profitably Will grow but rev should grow too.