The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
I've compared ASC to BOO and BOO seems to have suffered a steady erosion of sp whereas ASC has more volatility and hence is more tradeable if one took a short term view. Another interesting note is that the last time ASC was at these levels was April 2020 (just after the big dip) and then prior to that July 2019 after which ASC sp grew. So if we were to assume resumption of that trend today to mid-3000s that is a pretty decent profit. I agree with Jonnie and Treacle that there are some headwinds but people will always want new clothes and since clothes were already cheap I don't see a slow down in demand even if there is a slight increase in price. I don't follow broker predictions but 4 of them are tipping this at mid-5000s which at least gives a feel for the professional sentiment on direction. Good Luck Everyone.
Stolly and Bolly sweetie...
Can anyone else see a double bottom forming on the 2h chart? First crossover of lower Bolinger Band is there, I expect second crossover before rapid rise. Light blue touch paper and stand well back...
Yes, but not restricted to these options. For info, I'm doubling my ASC holding on today's drop which will give me substantial profit when the rise comes.
Sadly, high street clothes shopping is dead. I can't remember the last time I tried an item of clothing on in a physical shop. Extortionate parking, surly shop staff, crusties and undesireables hanging out in the streets and the car parks all put me and my family off. I can sit at home, browse hundreds of options from my armchair and not sit in city centre traffic thus leaving me time for more important things. The only way is up for ASC, BOO, NXT online, etc. IMO.
You mean fat catzzz will lap up the cream then crap in everyone elses borders.
Yes @moniman, you know it. "Do not be hasty, hold onto your pastry."
"If the share price doth swell then my holding I sell.
If the share price falls to the floor then I will buy more."
Either way I'm happy to react to what happens tomorrow. This is a well established company with a bright future. A new CE, resolution of cupply chain issues and the relaxation of travel restrictions will trickle down to ASC. Be patient if you are a holder you will be rewarded. Good Luck. Any views expressed are my opinion only.
The smurfs nearly touched 4200p today.
Seriously though. There was a peak of around 2400p in July 2019 followed by a double top in Jan 2020 at a similar level. Then Covid happened and a bit of turbulence/uncertainty existed in the market. Through this GRG trading was one of the first to emerge. I think that there is a lot more retail money in the market at the moment and GRG is seen as a relatively safe haven. Maybe it was slightly undervalued pre-Covid. I expect a period of merger/acquisition within all markets (cost slashing) and GRG is a very neat addition to the portfolio of much bigger companies. Perhaps...but then I could be on the bakky...Remember my rule "Buy high. Sell low".
I blame investors smoking too much weed during the pandemic.
"Look to the skies, if you see pies then GRG you must buy...."
Boris has just announced that pre-departure testing is being scrapped and also the requirement to quarantine on arrival. He has outlined a load of other simpifications. IMO this can only do good for travel stocks. Good Luck Everyone.
AVOID! YOU HAVE BEEN WARNED!
This has now crossed the point where I am 10% down. See what happens tommorrow but I am prepared to double my holding and average to 5% down. I see the future very golden for ASC given travel and tourism market opening up this year and no foreseeable closure in hospitality. ASC need to keep innovating and provide USPs to counter other online vendors in this space. This share looks like a bargain given where it has been.
Creeping towards 4200p...
Did you sell up Tra1 or waiting to enter? I'm expecting this to run for a while so holding. Already 10% up. Lot's of good news coming in the travel sector will take this higher. Good Luck whichever way you decide to go.
"A high value company whose share price never moves is like a man who has buys a gold fishing rod when he lives in the desert?"
Yes
"The share pie doth rise on the back of mince pies."
"Make the rise not too quick lest the drop make you sick."
"A bun if you quoff it, you'll soon be in profit."
"But if rise it is hasty you'll curse the puff pastry"
Looking for next dip to top up.