Member Info for therealelogo

Based on http://www.stockchallenge.co.uk/ftse.php

if JUP is the benchmark, we’d only need to hit 433p but i think the deadlines passed. as i said earlier, i think asos will get promoted again just not for a while, maybe mid-late next year

Nah, there was like 30 other companies ahead of asos, there was a rough estimate table posted a few days ago on here. I do think it will get back in but not for a while yet

Asos currently top riser in retail stocks this morning, odd since its also the most shorted on the entire exchange….little bit of good news and the shares get bought, either the shorts know something we dont or theyre playing an incredibly stupid position. imagine the rise on the back of a good trading update

All eyes on results then, I do have faith the new ceo is making positive changes but theres nothing more depressing than seeing a company you believe will do well sink like a stone on even positive results. would be a shame if the shorters brought it down, and then we got good results and ended back at 430p - which wouldnt feel like a win at all since we were there recently. good results then a sniff of a bid might change the direction of this

Ugh, shorts increased again, declared at 5%, top most shorted company again 🙄 sign of bad news?

Theres definately been some correlation with the us markets opening lately, always seem to uptick when they open. been a good one if youre a trader today, 6% down then 7% up currently, someones making money somewhere

Clung, hey everyones entitled to an opinion, im just wondering why you think this, where youve seen it before etc. if its just a guess thats cool, just like to hear both sides but with context, not just a pie in the sky guess. if you have explanations id like to hear them, if its just a guess thats cool too, only asking 😉

Id take £10 too, im fortunate to have a low average which i know theres a lot that havent. but seems like theres been a lot of takeover “news” from a lot of new accounts, makes you wonder if its shorters trying to stir some kind of buying to bump the sp only to knock it back again for a quick few quid. or maybe thats just my paranoia from all the consipracy posters lol

Im not convinced tbh, MA has been buying into lots of companies recently, doesnt mean hes going to make a bid, you could say the same for boohoo or AO - and it seems he just saw synergies with AO rather than a buyout. what makes you sure its going to happen here (from MA or otherwise)? whats happened here that youve seen before exactly?

Camelot only increased by 0.28%, lets temper expectations here, in reality its probably more about balancing thier own portfolio rather than anything to do with a takeover. it means next to nothing imo, my only takeaway is that at least they didnt sell, so still believe in the company

Lol look at the search terms, all good until you get to temu 😂

“is temu dodgy” “is temu a legit site” “can i trust temu” and ofc “temu advert girl” which probably has nothing to do with wanting to buy from temu imo 🫢. good to see asos doing well against them though. hopefully translates into £££, and a massive rerate or bid

Anyone pay for the times that can enlighten us a bit more as to the context?

Hmm i dont think it nessesarily means thier board is “weaker” - they simply over ordered stock during covid when business was booming online. easy with hindsight to say it was an obvious mistake. and like i said, they at least recouped some money from the discounted sales. asos and boo both have good and bad points, i dont think its fair to say 1 is better. we choose which we think has the best recovery and invest

To be fair asos sell thier own brand too. and the written off stock has since been sold so its actually going to look slightly better in thier books since itll be pure profit from those items

Saw a guy on tiktok yesterday with his purchase of air pods from temu, they were the same size as his arm 🤣

Its interesting you mentioned Nike as carving a niche and doing well….first 3 results on asos for “nike” were trainers all for £100+ and were labelled as “selling fast” with more results the same further down. So you believe Nike are doing well but asos arent…despite the fact that asos sell Nike AND other brands for the cash strapped?

As others have said, its only 1% drop, just funds, traders etc moving it, plus sentiment can drop it or make it rise. honestly its anyones guess on the day to day movements. as long as the trend is generally up and you havent seen any news you dont like, dont worry about it. This could quite easily finish blue by the end of the day, which has been the trend past few weeks usually around the time the US markets open

Quite a bit to do tbh, iirc it needs to be placed 325 or higher to be promoted back

Threshold was crossed on the 2nd so no, not what i mean

3% of the company has been bought and its only added between 1.5 - 3.5 pence onto the sp. its going to be one heck of a slog getting back to a quid. imo