Asos (ASC) 👕 🛍 - Share Chat

its all gone pete tong

I made a small investment into ASOS yesterday as I believe they are a strong company and will ride this blip out well. Not advice just my thoughts and actions…

Yeah I’m with you on that …the company is massive and has great potential for more growth in the future!

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Just when I thought we had reached the bottom of the curve, down another 3% today.

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Markets in general are being hammered today, I’m still positive for this one

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Down again - bought a little more, hopefully not just adding to my losses.

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That little green arrow is pointing in a vertical direction this morning, something not seen for some time.

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I added to my investment in ASOS yesterday buying in the dip, my view of the company has not changed, I still think it is strong so pleased to have added to my holding at a discount. Not advice - just my thoughts.

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5% up so far today!

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as things are getting back to “normal” I think they will benefit from people getting out to the shops and spending

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Both stocks clearly don’t like the sound of higher inflation. They rely on small margins x high volume. If those margins get even tighter then they’re not making much money at all.

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This would be of major concern to me, he joined with sales around £20m and now they’re almost £4bn - he has helmed a huge growth.

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It’s not a good look for Asos. I wonder how long before foreign investors make a move on Asos, or Boohoo. The physical retailers will be hurt more presuming that the online companies can maintain lower prices relative to physical retailers.

Mike Ashley is flush with cash …

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When the current circumstances in the UK, in terms of transition from where we were before the effects of Covid and Brexit to where we are after, are closer to the end than the beginning, fast-fashion will be a hot, hot sector to look at. And I think conventional wisdom is already priced in for the shorter term.

The challenge here is that in only two of the last 28 years has inflation strayed above 3% (it was routinely higher before that), and by the end of 2021 it will have been 13 years since interest rates strayed above 2%. We’re talking about an ultra-low margin sector faced with unavoidably higher costs, a customer base which literally has zero recollection of comparable economic times and whose behavior is therefore unpredictable, and an unclear outlook for the supply chain. And I think this uncertainty presents more question marks for individual companies in the medium term. That’s true in any consumer-facing sector to an extent but more true of this one than most.

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I’m sure many would like to think that ASOS will recover in time, possibly under new investment.

It will be interesting to see how far the price drops. Going to keep close to this one.