Member Info for SteveFennel

You were bang on. Currently looking at c.-37.50% over 1 month, c.-25% this morning. Quite the plummet when many shares are considerably up over the past month.

It’s just general market movements, nothing specific to ASOS.

Been a testing late morning though after such a good afternoon yesterday and early morning today.

Seems to just be following general market trend today

Seems to be struggling to stay above £4.10 at the moment

Love this part of holding a volatile share, great drama. I suspect we will read some wild speculations over the next day unless some news comes out

Down 11% since Thursday with no news, strange, especially considering the swift rise.

Risen by 0.7% in June, compared to 0.10% in May

The comparison to Shein is like comparing B&M with Waitrose, RyanAir with British Airways etc.

Shein is more a rival for primark i.e. lower quality, cheap low margin volume selling. Asos is more in competition with Next, selling mid-range and some luxury, with some budget own-brand stuff.

Squarepoint reduced by 0.10%.

Might be jumping to conclusions, but drastic weather changes = good for clothing retailers?

Next pointed to the heat for this, now with rain coming, coat/cooler weather clothes sales increase?

Any reason that anyone knows of? Or maybe just profit taking after the sharp rise?

£4 reached again 🥳🎉

I’ve seen you post that a couple of times before the SP crashed 😂

Hello again Travesties

What makes me laugh is how people think they can start an account, make a weak pitch for selling a share on this board and think it’s going to trigger mass selling.

There’s about 14 different people post on here 😂 what do you think is going to happen? MA is going to see this on his lunch break, spit his corned beef sandwich out and tell his PA to order a sell all instruction?

How do you know? I’m assuming you have data on the sample sale website and the main website to back that up?

Or are you just shorting shares and posting the same type of message on 3 different shares?

They upped it before the CPI release which is important to consider.

I would not be surprised to see a lot of profit taking at these levels. I imagine there’s a lot of short term trading with Asos and it’s jumped up and down quite a lot lately.

Personally, I’m just sitting and waiting on it. The last trading update and today’s data has reassured me.

Looking at fuel prices, they peaked in June 2022, if I remember right anecdotally food prices etc started to rise as a result.

I imagine that would mean that the YOY data starts to compare more favourably now we’re seeing all of the spike in prices and not before.

I could be wrong, just my opinion/thoughts.

I personally feel like shares held okay given the shock of the last data released and rate increase. Hopefully today’s data prevents a further hike and the markets can push on.

7.9% YOY, 8.2% forecast. Hopefully this gives UK shares a push