Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Flash in a pan, once you've bought the awful tat they sell on there you will soon shift your buying to a more reliable and trustworth clothing retailer.
I can see a lot of cheap chavs buying from there, but anybody with a bit more sense and style wouldn't but that cr*p.
Has anybody actually been on the website, it's awful, and the products are tacky as hell.
Grinds my gears everybody going on and on about it, it's a pile of shat. And will have no bearing on ASOS success or failure.
I can't see there being the stock available for the shorts to close out without it going substantial north of £4.
Will be incredibly risky for them to hold when it's a sitting duck for a takover
Growth will come from own brands, I actually like asos own brands, I pretty much only wear thir over sized collusion t shirts.
As pennies are being counted people will be less fussed about big brands.
I am 41 though...
I really can't see this going much lower, it's already too low given the assets the company has. It may be a Jam tomorrow update but what did people really expect? Would they rather more over promise and under deliver, kitchen sink it.
I wouldn't be surprised to see shorters take this as an opportunty to exit and seek better returns elsewhere, going sideways for a year doesn't benefit them. They want want to see heavy declines in the SP, and how much more stock is even available on borrow?
I don't think there's vast amounts of sellers at this level other than shorters, which has been proven for months with the flatlined SP. The results are not great, but they're also not terrible either. Time will tell, but I really wouldn't be surprised to see this back to £4 in short time.
For the educated responses, nice to get them as opposed to be told what my strategy should be. Problem with these forums sometimes is a lack of respect for other peoples strategies. Totally agree on a lot of the points, risk not going in now as placing could be higher, and I see no real reason for a large discount on sp when/if there is, though my feeling is there will be as it's always best to raise funds while the SP is strong as always a risk things can happen to reduce it. Keeps the dilution low.
As for opti I was lucky enough to get in aty the bottom but messed up by flipping half after 100-200%. And my pants are nice and fresh today, always change every Monday night.
On the topic of biotics/good bacteria, has anybody tried fermenting veg/chillis in brine to create them as opposed to pickling? I highly recommend.
This was a forum for discussion?
Why does everybody have to get their pants dirty because somebody mentionS something that is against the ramp rhetoric.
Looking at the the results last year I don't think it's a stupid question, I would say it's more stupid not to be asking it. Not every investor is long term, some mid, some short. But regardless of what you are, entry points are still crucial.
I can see it's just ramp only rampy posts welcome here so will bid you good day.
This is all great and everything look position, but the fact neither of you seem to be willing to entertain a simple question with a no or yes, and the reasons behind that, suggests to me you feel it's likely. Or you wouldn't avoid the question.
Will likely take a position here and if it's higher when I do c'est la vie, but it seems the general consensus from the ignoring of my question is funds are needed pre results. So will wait a bit.
Why don't you answer the question instead of getting your knickers in a twist, it's a perfectly valid query.
Placings do bother me, as I am cautious around entry points. Anybody that doesn't care about entry points isn't a very sensible investor.
Not invested here 'yet' but am in opti and interested.
In the danger of sounding like a deramper, what are peoples views on the next cash raise?
Last year they did a large placing the same day as final results, and looking at the news the cash position end of year was £1.3m, and last year was £1.8m at that same time. So with a trial to fund and general costs, does it not seem likely a raise is going to be needed fairly soon.
Looking at the SP movement last year it was high and then dropped down to pretty much the placing price when it went through, which I would be lying if it didn't smell a little like forward selling by instis.
Sorry to bring some negativity here, but I am geniunely interested in the share, the SP just seems a bit high with all this considered. Geniunely interested for others views on this, as it's not a share I have followed for a long time.
Short tracker on this site is awful, use the one on the short tracker website
Yep and the shorters are allowing them, I can't see there's much if any true volume of selling belo £4 now, the vast majority is shorts
Ashley must be in the money for his option that expires Monday, if not surely he would be buying shares.
Actually forgive me as they've purchased the option to sell him the shares, I guess unless the price to buy is much higher than the SP they'll just choose not to sell them. Either way I guess there could be some RNS' around this, unless they extend the expiration date for further cash? Not 100% sure on the dynamics/viable options.
Interestingly the large 7million put option expires on Monday, shame we don't know what the strike price is and whether Ashley is happy for it to be settled in cash as opposed to shares. Probably the former.
If it is then there will be an RNS I suspect that states his voting rights have decreased massively, and I totally expect them to try and drop the price on that RNS.
Be interesting to see who's closed out and who has raised later.
seems to be there's some fishing for sellers, but I think it should move back up to the blue after lunch when it's clear there is non unless shorters still want to offload more.
I see the article last week with the nagtive headline 'Can ASOS address decline in customers' funny how the agenda in the press focuses on somkething they have no interest in solving with current strategy.
I fully expect a further decline in customers BUT hope for:
Reduced Inventory
Reduced Net Debt
Increased Cash
You mean reduced to 7.05%, use short tracker for a more accurate view
It's funny now to see as it's clear some of th shorts are selling to keep a lid on this, whilst I suspect some of the others are closing out. The sheer volume of random low value trades every day, can't be representative of PIs.
I suspect tonight we will see some shorts closed out a bit yesterday, but if not tonight tomorrow we will see that others have increased positions once again as more shares have come available to lend.
It's an interesting prospect but whilst I hate it, I do feel it's necessary.
I think no short selling could leave many shares open to being ramped to high heaven, and as much chance people get stung on fabricated spikes than, hit by a short attack on an investment. Which may be merited.
Its' the opposite of buying, and on an activist level the opposite of ramping, without one the other could become something more sinister.
They only took theshort fairly recentgly, so either closed out flar or for a small profit/loss, they must have decided to cut losses.