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Hi KBYK,
What platform are you using to trade? I’m on HL and I see their fees are too high to make short trades.
Thanks
Shorts now showing @ 4.84% for ASOS on short tracker website .
Apologies, my bad.
Looks like a further increase by Frasers.
UK inflation falls to 3.9% in November
UK inflation slowed to 3.9% in the year to November, according to the Office for National Statistics - the lowest rate for two years.
It has fallen from 4.6% in October.
UK inflation falls to 3.9% in November
UK inflation slowed to 3.9% in the year to November, according to the Office for National Statistics - the lowest rate for two years.
It has fallen from 4.6% in October.
Let’s hope they weren’t 2 of the 3 wise men lol
Shorts are showing at 5.55% as of yesterday.
https://www.shorttracker.co.uk/company/GB0030927254/
Shorts were showing at 5.50% on https://shorttracker.co.uk/company/JE00BG6L7297/
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.