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Asos is officially a bit worried if the world goes post coronavirus in its H2

By Chris Bailey of Financial Orbit | Wednesday 13 January 2021

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

I last talked about Asos (ASCback 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. 

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