Member Info for therealelogo

Share price will drop, 100%

Retail sector is down >1% today, asos not being positive despite MA…wouldnt read too much into it

Youve been saying £2.50 for over 2 months now and its up c25% in that time. i’d suggest that £2.50

is not coming any time soon, as the new ceo has taken steps to turn this ship around and if what we have heard is true so far, we are in a good position for this year and set to return to growth in the not so distant future. ASC is literally a steal at these prices

After reading a bit further on and seeing the email from royal mail, im going to assume the evri one was sarcasm lol

Asos use royal mail for deliveries dont they? maybe evri for next day delivery not sure.

doesnt seem a legit email imo. does your friend work for evri?

Doesnt really mean 450 will be tested this week though does it? nearly every stock on my watchlist is up today, doesnt mean it will continue for the week. dont get me wrong, id be happy to see 450 smashed, but just looks like an up day in general nothing sentimental to asos, imo

What makes you think that exactly?

The excess stock they wrote off ended up on the samplesite, there were estimations at the time, and im sure someone could likely work it out, but the order numbers were sequential. last order number i saw was less than 50k, even if we double that to 100k - the items were only worth £5 each - assume every order was 1 item £500k assume every order was 10 items, £5m - its profit as you say, since they were items that were written off but I wouldnt hold out for recovering much of that 800m stock

Sold at 480 🤣🤣

Jesus, its took us a month to potentially close above 400, i dont think we should be expecting 500 by the weekend lol. baby steps but looking positive

Yeah but only +0.09% and that was yesterday anyways, wouldnt explain the pull back today. may just be some profit taking or even mm games, who knows really

How do you know its a buy when it says “unknown” could just as easy be a sell

“aside from the uk”….. our economy still looks bad compared with other countries, and looking bad doesnt attract investment in uk based companies. boo may be in other markets but its predominantly in the uk. it sounds good, just wouldnt get my hopes up for a turn around this year imo

Where are you seeing big buys from ii’s after close at? alls i see are unknown trades - i.e could be buy OR sell, and an uncrossed trade.

Buying stock to give away for free in the hopes of the sp increasing? nah think youre very much in the minority there tbh

didnt somebody work out the samplesite would only fetch a few million anyways, like low single digit millions? even if it sold out its not going to male much difference in the grand scheme of things

Is there any technicalities to what youre saying claire or are you just guessing? id very much welcome a fast rerate but today doesnt prove much to be honest, most of the market was up on inflation data also but we cant assume the whole market is going to rerate. im honestly not trying to pick a fight I just want to know is there analysis behind what youre saying? theres been chatter of a fast rerate for weeks now

Gap up to the 8’s? you mean the £3.8’s 🤣 cant even mange £4 yet dont be getting too excited

@netzero

speculation or have you seen some articles, and could you link them for the rest of us to see if you dont mind

I dont think the market had anything to do with over ordering. pretty sure they said so themselves, they over ordered during covid when thier sales were rapidly growing, nobody knew when shops would reopen, so it did kinda make sense to have more stock than normal because you were selling more… sales just went back to normal afterwards but youre still left with more than normal stock. it was an error with hindsight but they are correcting it now. unless theres another pandemic like covid I cant see the company doing that again.

Excuse the ignorance but whats the significance of 10 weeks? or are you referring to end of their year?

tbh ive recently bought in here from BOO, asos management seem to have their heads screwed on, the changes their making while slow, do seem to be working. Its not going to happen overnight but they are on the right tracks to getting this back to profit, and once the macro’s ease and they do start showing decent profit and paying off some debt the sp will recover without question. it has a lot going for it, I wouldnt worry too much off the day to day movements.