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Yeah LWHL that had crossed my mind, mainly because of the debt issue. However they are ahead with offloading all this old stock and with big players buying perhaps it's not in the offing. They are generating cash now. The figures are important on the 17th to show what kind of dent is being made.
October 22 I think I first started buying. Not long by investment terms but yeah 3 and a half years to go lol.
Debt is the biggie, offloading all this old inventory should help quite a bit as that was one of the biggest reasons for the increase in the first place. We shall see.
Also down to the company to start releasing figures showing the turnaround is working. Narrative will change soon enough. ASOS isn't the only retail company sacrificing revenue growth for cash generation/profit but the media portrays it is.
Https://www.lse.co.uk/news/ASC/asos-paddling-upstream-as-sales-pressures-continue-says-shore-capital-mnsexup6heot8q7.html
AKA protect our shorts imo
Same, the share price is doing the exact opposite of my confidence here lol. These results will hopefully reconfirm my belief they have things under control. Trading update said as much, just a few more figures shown will help. Maybe we still need that final capitulation...
Thanks, straight from the horses mouth then. As a result of the low fundraise they won't be able to complete both PFS. However there are other funding options.. JV in either project. Interesting to see how that works. It'd have to be relatively soon too considering both are progressing.
Markets probably want more evidence (numbers) from the results to show the turnaround is on track.. how much has debt gone down, how much stock is left to clear.. positive cashflow and positive EBITDA is great but what are the expected figures? Once we get back to positive EPS this will start to adjust to be trading in a positive PE. It's a matter of time...if you believe lol
I also think once the trading updates start improving and old stock is offloaded and we are on a sure footing the media narrative will also start to change. The big boys are buying and holding, and the fact is they still have c20million customers.
Yeah I'd go along with that being a rough bottom. It's been sat in this range for since last June or so.
There may not be much movement but a lot of people here aren't looking on the weekly or couple months ahead spectrum, they are looking at a turnaround stock which could take a few years or so from implementing the turnaround to becoming profitable and in favour again.
Discussion boards are great for differing opinions but for people to come on who aren't invested to label the stock s**t because it hasn't gone up in a few months and who change their minds every 2 mins just screams spam.. and very short termism, which is fine if you are a short term trader but don't give people stick for actually having some patience lol.
You either buy into a stock which you believe is undervalued and await it to return to value or ride the sentiment wave which is fast and exciting. The prior is for the long term investor who can hold years if needs be and doesn't sell just because it hasn't moved up in a short time frame. (As long as the fundamentals haven't changed).