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Let the clowns have the circus.
More than happy with the update. Time in the market not timing the market.
ASOS will - and is, rising again.
FY 2025 numbers are going to look very very tidy. If you think a business with quarterly revenue of 1.4 billion is a failing company, you need your head checking. Yep, 120 million loss, but we all know the reasons why and this is an ongoing restructuring / gameplan that is clearly working and heading in the right direction.
I have the patience of a sloth and more than happy with my substantial investment :) An average of a little over 5 squid and I will making a 300%+ ROI in time :)
I've just been accumulating these shares at a steady pace for the past 4 years at these prices. Happy to hold long term. Fully believe Tullow will shine once more. Unless we get taken out... either way, happy days.
ASOS is a behemoth in online fashion retail with massive brand equity. For reference, the bizarre Shein / TEMU comparisons (that get made all too often on here) would be considered fairly poor from a brand audit / SWOT analysis perspective.
ASOS being a ridiculous growth and revenue story in roughly 20 years means steadying the ship, having made some operational mistakes (all good companies do) is no easy task.
However, I am extremely happy with the turnaround plan and the progress made already in a little under, what, 10-12 months? For me this is a delightful hold at a very low entry point for a company with a bright, leaner, more profitable and conscious offer henceforth.
I can't wait for the good times to be back. And they're coming back believe :)