Member Info for SuccesstotheBrave

Just keep holding and good times will come. I'm still expecting positive news tomorrow.

The drop today would have taken some stop losses out.

Good luck

See ya tomorrow

Just to be clear. There will be a trading update on Tuesday AM. These are not the Results. They will follow later.

I am rather grumpy today so I just wanted to make that clear. I really feel the price is being held down until an update so it's all in Asos's hands now.

The weekend press may carry some interesting commentary. We shall see in due course.

Logically, if you have bad news then you would release this on a "busy" day. That's exactly what the Government do. However, if the News is good then you would want everyone to sit up and pay attention. We will know in a few days.

Does anyone actually get to see these research notes?

Absolute rubbish. Company losing money and intend to spend a fortune on Ingenuity when they are the biggest customer. No takeover coming here. I see another bad day tomorrow and the weekend press will hammer MM. I sold at 62p after having had a very large paper profit at 117p. Kicked myself as it went back to 104p however the only reason to buy here is "hope" and that doesn't pay the bills.

You make your own minds up. There may be money to be made here by trading but not by holding. Take a look at the Graph

That's very interesting to be able to see all that Data. I haven't cross referenced it so trust the Data is accurate.

It shows that the Company can consistently make profits and it was just last year when there was a loss. However, there was a goodcreason for that as thisxwas after covid. So,all things being equal if we can get back to £50 Mill profit then I would agree £15 is super achievable. Don't forget that the SP is low but the macro economic climate is also poor hence low share prices across the board. As the economy improves then the SP will rise also.

Ive got 4 years to retirement and am holding these until a minimum of a tenner. £20 would be lovely

My view is that they are trying to eke out as much good news as possible (amongst the bad) hence the delay. If they are relying on a weeks extra trading to try and show they have achieved profit then I think we are in more trouble than we expected. If the trading was in line or higher than previously expected then I would not have expected to see a delay in an update. Rather concerning but I will hold regardless. Why an update anyway when the results are so close.

We have bounced off 362p twice so that would appear to a support level. Time will tell and I know no more than anyone else.

I have been in and out of Capita over the last couple of years. Last bought around 23p and got out at 29. something. Missed the ride to 44p and was annoyed at the time however, in hindsight, this was a good move. No position presently and my thoughts are that there are a heck of a lot of PI's who have bought because the SP is cheap however that is for a reason. I agree with a previous post that the income CEO will dump all the bad news as he will want to disassociate himself with what went before him.

I thought TerryM1's posts were very informative and put some context behind the SP fall. I have spent a week looking at CPI in detail and I cannot see anything that says "buy" apart from the SP being historically cheap. For me, I will sit and wait. I am sure there will be some kind of bounce however there will be lots of PI's selling into any rise so until the Corporates get involved I will be staying away.

I wish good luck to all holders and I hope you make money. Time will tell, of course. Just giving my opinion and by writing it down it kind of supports my own reasoning.

In my view, this is the fall before the rise. GS have had plenty of time to reassess their view. There has been no factual updates on trading which would influence the GS view so in my view its Horse **** and I will continue to hold.

Look at the graph over the last few years along with the expected guidance. This tells me that as long as ASOS show a profit within guidance, or above, then the SP will rise.

Holding for £10 however long it takes.

I wish someone would just take them out at £15 as I could then retire. A long way to go before we get to that price however I remain hopeful. Certainly looks like the trend has changed to positive.

But MA only hold 19.3% of voting rights and not all stock as 8.73% of that is derivatives. I don't see MA bidding. He just wants influence with board. Didn't mean Povlsen won't but them out of course. The SP will rise when Asos show they are making money and have cut stock. Dyor etc.....

I understand your thoughts and comments. For me, the target market for ASOS is predominately younger people who will not have Mortgages and be living with Parents therefore they will have disposable income. I agree the returns process is rubbish however that seems to be a consequence of online shopping. I myself have often gone into a store, tried clothes on and then decided not to buy. With online, you would expect customers to buy excess clothes as they would be expected to return some. The issue comes with wearing on a Sat night and then returning. As I have previously mention, stick a large, obtrusive label on the clothes which, if removed, means the item cannot be returned.

All of this is historical of course (even interest rates if you go back a few years) The SP has historically been considerably higher. MA and others see this and are buying. So, now its down to the Company to show they can make money, cut the debts and stock and provide positive confirmation for the future.

ASOS have a lot of potential despite Shein and Temu competition. I know no more than anyone on here however the market as a whole is way down. ASC is a high beta stock so I really do expect to see £8 plus once we hear positive news.

Still frustrating to see it back below £4 when it appeared to have been recovering however having been an investor (gambler) for many a year I will just let the SP do whatever it does.

My views entirely (but based on facts). DYOR

Https://burlingtonslegal.com/insight/when-do-you-need-to-make-a-mandatory-offer-under-the-takeover-code/

It's no secret MA and Povlsen do not like each other so if Povlsen wants to head off MA then perhaps he needs to get above 30% first.

Interesting indeed.

If I could buy more then I would but I really am all in here. Happy to sit and wait to double and maybe treble. Avge 448p. Historically, that is very low so, although the SP may bounce around a bit, the upside (IMO) is nailed on (if only there were such a thing of course).

GLA

Https://www.manchestereveningnews.co.uk/news/fashion-news/tried-asos-discount-website-current-27540294

I reckon these are now in play as the results day gets nearer. I must however take issue with comments regarding a "small float" as I have been unable to confirm that, It looks to me that around 40% of shares remain with PI's. Happy to be proved wrong if you can evidence it.

It's down 4p pal. Relax

but i found this snippet which inspire some confidence for the future.

https://***enwasanni.com/news/top-international-e-commerce-platforms-dominating-the-fashion-accessories-market/51680/

I would agree, the report is rather basic. IMO, the selling has now stopped hence the rise in the SP from 322p to the present 425P. The volume is low so I think we need to hear some positive trading news before the next rise up (or more MA buying, but I don't feel he will go above 20% as his aim appears to be one of being able to have influence rather than a t/o).

I agree the SP is high risk/high reward but I think we all know that already. I agree the SP momentum upwards is building. Having been invested for 11 weeks I am still underwater however I really feel that £10+ is comfortably obtainable once some positive trading news comes through.

Answered my own question. Looks like Mid September

FTSE Russell, the global index provider, confirms today that IMI will be joining the FTSE 100 Index as a result of the June 2023 annual review. In the rebalance, British Land Co will leave the FTSE 100 Index and enter the FTSE 250 Index.

The rules-driven, impartial quarterly reviews ensure the indices continue to portray an accurate reflection of the market they represent and form an essential component to the management of the indices.

The FTSE 100 and FTSE 250 Index will see the following changes (in alphabetical order):

FTSE 100 Additions

FTSE 100 Deletions

IMI

British Land Co

FTSE 250 Additions

FTSE 250 Deletions

British Land Co

Capita

Empiric Student Property

Me Group International

North Atlantic SmallerCos InvTst

Tyman

ASOS

Capricorn Energy

Hunting

IMI

Tullow Oil

Videndum

All changes from this review will be implemented at the close of business on Friday, 16 June 2023 and take effect from the start of trading on Monday, 19 June 2023.