focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Crescendo!
And Volume still only 88,870,068
Trades today: 86,882,820
Big problem for short sellers?
Last hours of trading could be very exciting!
Also hold on for the whopping dividend? ex on 03/08/2024 ?
140p - £14
They are begging you to sell up:
Kintbury Capital Llp, Canada Pension Plan Investment Board, Ako Capital Llp, Blackrock Investment Management (Uk) Limited.
"M&S chairman Archie Norman told shareholders that he was “not happy” with Ocado Retail performance last week and said there was “work to do” with the joint venture it runs with the online grocer.
Ocado Retail posted a £501 million loss earlier this year, up from £177 million the year before.
According to The Times, the online grocer is set to receive 40% less than it had hoped in performance payments from M&S because of the decline."
https://www.retailgazette.co.uk/blog/2023/07/m-and-s-unhappy-ocado/
*** Spins the casino wheel: 495p or 650p ***
I've resisted the psychological trap of averaging down, though 70p looks tempting. To buy or to hold?
Mainly sticking around for the dividend (great for a pensioner), but the capital is being eroded.
Anyone struggling with this on DEGIRO?
Topped up yesterday at 477p. Medium term investment potential looking good. Let's hope the recession is not a crash landing!
Thanks for the psycho-mansplaining, notready1. What a travesty! Now let's get back to gambling and investment.
Enjoying all the bitter mansplaining today? Still looking for evidence that this is an investment rather than just a small punt. I guess people were calling ASOS an investment at 5500p not so long ago.
"If you look after the pennies, the pounds will look after themselves" as my mother used to say.
How long before ASOS is a penny share? (Just joking, calm the rage, Hereshopin! ).
We're still debating sub 350 when we should be considering sub 330p, which is where we are now in reality.
I'm still not convinced we're at the bottom. Hope I'm wrong as I know lots of you are sitting on very deep losses. I'm not in the unfortunate position of clutching at straws as the doom deepens. I just don't want to waste my time looking at the screen as the shares crumble sub 300p and trying to talk them up again.
You hurl abuse yet again. We've seen that before. Road rage in the hypermarket. Stop being a bully! You mansplain my tactics?! I recall you spluttering with misogynistic rage when I questioned whether the ASOS shares were worth 420p and supposedly on the rise. Sorry if you're sitting on a huge loss, my dear. I understand your anger and forgive you.
I wouldn't want this share at more than 0.1% of my portfolio. It's pure gamble and high risk. It might come as a surprise but discussion Boards are not just for idle rampers with thousands of posts. Investment needs a bit more than "here's hoping".
I'm adding at 65p+. Might not be rock bottom but I think we're almost there.
I'm reluctant to buy more than 300 shares at the moment: the general outlook is grim and without any hard news there's not much to support ASOS from drifting lower. When rampers float takeover rumours you know the end is nigh.
Sell up today, even if that means making a paper loss. You'll soon be able to buy back in at much lower levels.
It's still looking very precarious and it *might* get worse on results day.