Member Info for sj74

2 weeks for P3 trading update. Sounds good, see how they are progressing :)

And it won't tank based on no bid lol. It's never been built up based on a bid...

It won't go up massively unless ASOS announce they are 'currently' being approached.

However it is undervalued so it could just go up anyway lol.

I personally can't see a big rise or a THG style rise tomorrow as the bid/approach was 6 months ago and it even says there are no current talks. The thing that will change it is if ASOS produce an RNS announcing a current approach and talks otherwise it's a case of sitting right and waiting for the turnaround.

Yeah that happened to THG once THG put out an RNS confirming it was in talks and confirmed they had been approached etc. If ASOS release an RNS to similar effect it will fly.

That's interesting West, thanks. Means that only around 30 million are not in large investor hands. Such a small free float means prone to huge volatility but also massive upside when the market turns/and ASOS start seeing results from the turnaround plan :)

That is poor.

Yeah exactly Eric.

Interesting commentary. Bit underhand? And shares have nearly halved over the week.

https://www.placera.se/placera/telegram/2023/06/02/grangex-affarsvarlden-ger-saljrad-for-grangex.html

Aye good to see the large investors taking part :)

Muppet

Online fashion retailer ASOS (ASC) is now number one on the list, and is one of four companies with 5% of shares being shorted. The market didn’t like the company's first-half results, with disappointing revenue and profits and a forecast for free cash flow at the lower end. Morningstar analyst Jelena Sokolova expects to lower the fair value estimate (currently £33.60) but still views shares as cheap at current levels, £3.56. In fact, ASOS is one of the most undervalued European stocks under Morningstar coverage.

Just trying to bring my average down that's all Terry...

Might not though.

I made a long trade back in October, waiting for £20+ 😉

Luckily there is clearly still millions of people that think otherwise hence the revenue.

They are confident of becoming cash generating H2. Let's see on the next trading updates.

Pretty sure the CEO only came onboard last year, and since then he has instilled a turnaround plan and is confident of turning the company profitable again in H2. Sounds good to me. This is what he will be measured on. They haven't failed as of yet.

Still reckon we will see a tenner this year again 😅😅

I'll buy more if it does. This will turn around massively IF company achieves what it sets out to do. Not many opportunities over the years to acquire ASOS stock at these levels, and when markets turn and this is sustainably profit making unlikely to see it again IMO for another longtime.