Member Info for utterlyclueless

@alex1621

or as the late Charlie Munger said.

“Investing is where you find a few great companies and then sit on your ass.”

I think at these levels, you will start getting the bid talk again. LVMH could hoover up Burberry and not even notice it.

What would you recommend Spidey?

To be honest, when I go out, the bars and restaurants are pretty packed, complete contrast to late 2008 when everywhere was like a ghost town. I guess the question is whether there will be delayed reaction from central bank tightening.

Not sure if that applies to the shares or just the clothes.

Https://www.hellomagazine.com/shopping/508041/asos-best-sales-deals-discounts/

Not much volume generally since U.S. closed today for thanksgiving and half day tomorrow for black Friday. Yeah, I agree, probably not much will happen for Boo the rest of the month. Would imagine things will pick up in December and January. Still see it rising over 40p by end of Jan. Not a 100% certainty tho!

The way we've seen a move to risk-on since end of October, following very negative investor sentiment + Israel/Hamas war looks contained, oil prices down, yields down, looks like santa rally, so quite possible BOO will be greater than 40p in next couple of months.

Another point is the reason monetary tightening works is that it destroys demand. Falling inflation and rate expectations and yields could also be signalling rising unemployment and a recession, which would not be good for consumer discretionary stocks either! What you need is falling inflation, falling yields, stable employment and rising real incomes. That's a big ask!

Good point.

I bought in at around £1.40. I am not selling, but have already spent enough on DOCS shares. But if I hadn't, I would buy at these levels, though could make sense to wait for the trading update first.

One thing that would be interesting is how superdry sales are doing relative to other lines in concession stores like Next and Sports Direct.

Thanks rupans. I dont have much to go from. A few months ago, I looked at the Bromley store and it looked very empty. But more recently, the Gatwick store looked sort of busy, and I noticed a couple of superdry rain coats being worn. Before that, I was seeing a lot more Canadian Goose and North Face rain coats than Superdry. This is all purely anecdotal, so really want to get a better understanding. Your comments + link are helpful.

I guess if it can stay in business, now is a good time, but the big question is. Is there any brand value in superdry? And what about the leases on the stores. The stores always look empty when I walk past them. Would be interested to know trends in footfall etc, and if there are any products that are gaining sales momentum.

I would imagine the sell orders could be driven by "UBS cutting Asos to 'neutral' (buy) - price target 410 (550) pence." Clients probably saw the recommendation and/or were advised to sell.

I agree, any upside surprise would be very helpful.

You could potentially get a risk-on year-end, early 2024 rally, which would benefit all the high beta small-caps. December thru Feb tends to be when small-caps outperform the most. Also if you look at Next, Primark, M&S, the consumer looks to be holding up much better than expected, so potential for that enthusiasm to spread to Boohoo. Just a thought! Although not sure about 59.5!

Yeah, I'm surprised, no comments until yours and only one a month ago before that. I think the better the stock the less comments there are! I will be looking for discussion boards with not discussions as a way to pick stocks in future!

Interesting that ABF is up 7% on stellar results from Primark and up 40% YTD, but there is just one comment in the chat. The first for a month. Not sure if there is an inverse correlation there!

Yes, looks like nothing that hadn't been discounted already.