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As nice as it would be, it wont happen. nothings changed, except shorts increasing. maybe when we get final results and guidance, until then….wouldnt expect much movement tbh
@thequietguy
the tr1 was a lucky guess. shorts are up, not down like you said. your sources arent credible
So, where you getting this info from then? cause it isnt public
You also said 6.45% shorts and then didnt answer anybody where you got the info from. so tbh TR1 just lucks like a lucky guess until we see shorts tonight. 2 lucky guesses wouldnt be lucky guesses
Didnt make an ounce of difference when they protested outside of boohoo tbh, in fact iirc the sp actually rose that day
Haha sorry west, dont mean to be the pessimist the day before results. if it helps, i havent sold any today (im in for lth anyways) ive just felt hopeful before with boo and been disappointed. not sure my position last time asos done an update but its bigger now anyways. at least my prediction wasnt all bad, i still reckon we will be over £4, maybe at £5 within a week or 2 🤞🏻
I was more thinking daily lows of 250p whatever % that would be 😅 but closing 10% would be my guess
It’ll tank, i guarantee it’ll tank tomorrow - the update imo is irrelevant. the shorts want money, theres an update, itll look like the market doesnt like the update, price will drop, traders will panic and sell, itll drop some more probably finish 10% down.
this time next week we will be back above 400p and shorts will be around 4% again….
may be the cynic in me idk, theres no facts or basis for it other than my gut. fashion and online still out of fashion (pardon the pun)
love to be proved wrong and they smash it out of the park though. gla for tomorrow
Stop. please stop.
a buy here or there isnt going to move this, and it certainly isnt going to hit £4.85 like you said it would today (ironically its lost almost 10p like i joked it might). sit tight and wait to see what tuesday brings. wouldnt suprise me if it was a decent update and we still fell, only to rise on wednesday and thursday. The market is still undecided about the boe rates decision. cost of living crisis hasnt gone away either. you can have all the faith in the world of a quick turnaround here but the macro and sentiment is not our friend right now - it will be, but not just yet. be patient, pie in the sky sp predictions for the day arent going to happen just because you think the will. give it time
Lol id be a pretty bad paid poster 😂 check my history, I was only in BOO until a few months ago then Ive swapped to ASC because it looks a better turnaround, as ive stated. But claiming this is gonna pop 100p today on no basis other than “i said so” is crazy and you shouldnt post it if you cant back it up, it COULD pop 100p ofc, it could also lose 10p and if people get suckered in by your wild claims its gonna cost people money. If you have a reason for £4.85 close then ill gladly listen, otherwise it just sounds like bs. doesnt make me a shorter simply because I dont agree with you hitting £4.85 at close
While 100% in a week is impressive youre forgetting that was covid times, just about every stock i watched back then made 40-100% that week, no idea why, probably some news on a vaccine or something. not impossible but the week youve suggested wasnt asos specific and unlikely to happen again any time soon
Absolutely no chance
Thats not how i read the article 🤷🏻♂️
You dont sell part of your business to a rival, then try and compete with it imo. doesnt make sense to do so.
does worry me a bit that hes willing to sell to them, if he got some good deals with them I dont think asos or boo would stand a chance if shein got access to the UK via frasers. interested to see what the hell he’s playing at here. I just hope hes not going to screw the UK fashion market for his own gains and sell it all to the chinese.
It hasnt dropped almost a £1 since then at all, dont make things up. its barely been 50p.
and MA doesnt have to buy everytime the sp shaves a few pence. hes bought plenty. he may be writing up a bid, he may have some
insider knowledge so unable to buy, he may even just be sitting waiting to see the results (like the rest of us).
Shorts up again, now at 6.05% - probably going to keep going up until we get some results, good or bad
Thats fine - asos are expecting a loss of sales, in fact its part of thier turnaround plan anyway. reduced sales but improved profit per basket. if they show that this is working in thier favour then its smiles all round for investors imo.
id also agree on the young people side too, nobody wants to get a mortgage in the current climate, hell most young people couldnt afford it even if they wanted to, so they go to work and make money - theyre gonna want to spend it somehow. sure, some may be determined to save it until mortgage prices come down but id bet the majority will think “im working and not enjoying it” so retail therapy will come into play. barely any shops left on the highstreet so itll be online.
for me this is the investment of the decade long term, a takeover bid would just accelerate those gains
Lol GGG management havent screwed the sp by moving the date at all. unless moving the date on asos screwed the whole of the retail sector too 😂. please dont read too much into the dealings of one stock. the market in general hasnt been doing great, remember correlation does not equal causation - if there was any deviation from what we have already heard, we would have had a trading update by now. on par or better than expected. keep calm
How can you tell that exactly? the updated shorts list is from cop yesterday - correct me if im wrong but there is no way of knowing what, if anything, the shorts have done today until monday
Thats exactly my view on the whole online/retail market. Most online companies were bound to show a profit drop after covid, because they had accelerated sales during lockdown, it was inevitable that sales and profit would “drop” afterwards. Its all how you look at it, because of the drop it makes every company look like they are doing worse than the year before when in reality they probably arent - however the macro doesnt help with interest rates, russia etc because they probably now ARE doing worse than they would have if covid hadnt happened but it just magnifies the % dofference between financial years.
the silver lining in my view though is that the following years sales will make most companies look like growth companies because they will be better than FY22/23 - when the reality is that they are just exactly where they would have been anyways 😂
so while its doom and gloom now, the chart clearly shows that nothing has materially changed with online and we are exactly where we should have been (minus inflation and russia) - but it wont filter through to the paperwork until next year, when miraculously the majority of retail will now be booming again on paper 😂😂
hold tight folks,