ASOS (#ASC) – 4 months to 30th June adj. revenue +21%
- 2021-07-15 07:35:07
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019, 2020 and thus far in 2021 (by net short position %, those in bold not on the list at the start of 2021) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
Back in mid-January, here, concluded that the online fashion company ASOD (ASC) was strikingly worried about how its sales growth couple be impacted by consumers shifting back to buying in stores again post lockdown. And when the rumours started a week or so ago that it ‘confirms that it is in exclusive discussions with the Administrators of Arcadia over the acquisition of the Topshop, Topman, Miss Selfridge and HIIT brands’, I thought it would be buying both product and store angles. Well I was wrong.
I last talked about Asos (ASC) back in October here with the conclusion that £40 a share or below in the fashion and cosmetic retailer was of interest but £50+ a share was too much. The shares moved back above the £50 level in the early days of this year but - as I write - the stock has not romped after the publication of today’s four month numbers...and the reality is actually what it suggested for the second half of the year.
Hello, Share Team. During and after the attack on the Senate, the Dow soared to new heights. Does that tell us that big instances of frightening chaos won’t hit stocks and shares? No, it tells us that optimism is so high among US traders that even this hugely damaging national setback can't dent it. We should be even more optimistic about the progress of our stock market in 2021. And here’s why.