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Deutsche Bank starts Asos with 'buy' - price target 500 pence

Retail sales hit lowest levels since Covid lockdown

Retail sales have hit their lowest level since the February 2021 Covid lockdown, according to the Office for National Statistics (ONS).

The ONS said retail sales fell by 0.3% in October, following a fall of 1.1% in September (revised from a fall of 0.9%), confounding expectations for a rise of 0.3%.

Panmure Gordon's Simon French said it was a "tough set" of data with a challenging start to the fourth quarter with evidence of delayed seasonal spending, unseasonally warm weather & continued volume/value divergence.

For the three months to October, sales declined 1.1%, the ONS said..

Fuel sales fell by 2.0% in October which the ONS said may reflect increasing fuel prices while food sales fell by 0.3% in October from being unchanged in September.

Non-food stores sales volumes fell by 0.2% in October, following a 2.1% fall in September; retailers suggested that cost of living, reduced footfall and the wet weather in the second half of the month contributed to the fall, the ONS said.

Non-store retailing (predominantly online retailers) sales volumes rose by 0.8% in October following a fall of 2.4% in September.

Could the delay in results be ASOS working out how much TS made and provide a meaningful valuation?

In any case the more interested parties we have the better, however, the recent bidding war for Man U didn’t go too well.

Just need to keep an open mind, AIMO

Does anyone know the the technicals on the charts which need to be broken for this to move up?

With the low volumes traded it’s easily done. I’ve been following this over the last couple of weeks and it seems each time there’s a slight indication of it moving upwards it gets hammered back down.

Interesting article on the potential impact weight loss drugs will have. This will be a positive for retailers, bring it on. The sooner the better..lol.

https://www.proactiveinvestors.co.uk/companies/news/1028251/weight-loss-drugs-such-as-wegovy-to-fuel-huge-lifestyle-changes-predicts-jefferies-1028251.html

What the flip

Neil, let’s hope the cost of living doesn’t impact these hedge fund owners otherwise they will all sell when it reaches £5 lol.

I asked a simple question as to where these figures are being plucked out from. There’s nothing wrong in saying that “I would like the bid to be £15/£20”.

But to imply or state that they would accept £15 is ludicrous.

Where did you get £15 Pitro? Do you look after their portfolio?

It’s unbelievable some of the stuff you read on here.

It’s a shame this info wasn’t released earlier in the year. Is it a coincidence that shorters reduce heavily in one week and the story comes out?

If I’m not mistaken Looks like Camelot have increased their holdings.

at this rate boohoo might put in an offer, complete **** show here.

Interesting article

https://www.business-live.co.uk/retail-consumer/worst-over-boohoo-investors-encouraged-26946322.amp

If I’m not mistaken, looks like Citadel have increased to over 5%.

Should this not have been released as an RNS? As it’s claiming to impact revenue

I just hope Goldman Sachs didn’t make the decisions by reading the comments on here lol.

The irony is that those with money are hovering up the shares and then you get keyboard warriors on here arguing if it’s going to up or down

What a week: 10% up
What a year to date: 72%

Good luck everyone

Sorry I meant a TR-1 which is a Standard form for notification of major holdings.

My thinking is that someone is hovering up these shares, MM’S filling an order for someone.

Just my thoughts

Won’t be surprised if we see a TRN1 landing in the coming week.