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Asos Plc Share Discussion Threads
Showing 14476 to 14499 of 14500 messages
Yes - an extraordinary anomaly. Profits have not really increased significantly for years and there's no dividend. But someone once paid about £1million for a single tulip bulb: seems quite similar to me.|
|Break through the 52 week high - onwards and upwards|
|Potential reaction on ASOS plc (ASC) to analysts' perspective in its shares
|Heard a rumour that ASOS is providing the GB kit for the Paralympics. Should be a nice PR boost|
|Asos is such a weird anomaly, no way to second guess it. Should Have held my 19£ shares, ho hum, such is life.|
|The market doesn't seem to care or were expecting much worse.|
|Is it 24 p per share reduction in value?|
|That's £20 million down the toilet then. Bet that doesn't include court costs & legal fees, taking it to over £50 million.|
|See Note 19 to the accounts for a detailed analysis of currency risks, hedging and effect of 10% +/- value of Sterling - exc. China - now discontinued - seems broadly neutral against $, € and Aus$.|
|sadly analysts simply tell people what they want to hear|
|Why? I wouldn't just take the Daily Mail thinks so as a good source! Overseas $ earnings will be higher when converted to £, € slightly higher, UK earnings will be lower due to higher input costs. Would've thought broadly neutral impact with 39% turnover in UK. UK is lower growth but still the largest market so will reduce in importance over time but this is over the very long term.|
|Amazing that really Brexit was the best possible put come for asos. They will repair the usd/Eur benefit for months of not longer.|
|Midas recommendation in Mail on Sunday yesterday|
|Look's like a possible break out - where do we think the next consolidation point is going to be?|
|I know someone who paid £1.80 for those. not sure when he sold, but think he got 100K sterling. If he sold at £70, that's 3.8 million. Now that's gotta be the best trade ever. If we can find one like that it would be great.|
|Tipped in The Mail today!|
|Pound weakness probably neutral or slightly negative I reckon. You have to look at the geographic spread of sales.
29% of the sales are in US or ROW and profits from these will be increased when translated into sterling.
26% of the sales are EU which will receive a smaller positive translation effect but euro weakness will have squeezed margins somewhat.
45% of sales are UK so higher costs for UK stock will squeeze margins here but they may be able to offset by increasing prices. Pretty much all UK retailers will be increasing prices so they may be able to mitigate this somewhat.
US & EU are growing faster than UK so the negative impact, while on a the biggest sales region, is reduced over time as will be the impact of the UK recession.|
|The weaker pound must be beneficial, unless they spend more on stock than they sell it for.
Assume all stock is imported, then resold abroad at double the price - always in foreign currency - a low pound will increase the value of the gross profit.
Assume all is imported and none sold abroad - all stock will be cheaper than it was.
Assume none is imported and some sold abroad - that sold abroad will earn more £'s.
Whichever way you look at it the low pound is worth more to our sterling based profits.
However, no one ever dreamed May would appoint BoJo as foreign minister - what a calamity. I also should have sold at 4500, but yet again didn't. Ah well, there's always next year.|
|Heading for the £50-£60 trading range with a bit of the usual ebb n flow on the way.|
|Beaufort put out a note this morning: Https://www.research-tree.com/company/GB0030927254
"ASOS delivered good performance in the four months to 30th June 2016. The company recorded robust growth across the UK and international markets. The European Union gained from continued price investments and proposition expansions, registering 32% sales growth. ASOS announced that it would shut down its operations in China and would cater to customers through ASOS.com instead of the local website. ASOS expects to book a one-off £10m cost arising from discontinuation, along with an operating loss of £4m, for the financial year to 31st August 2016. Moreover, ASOS continues to face stiff price competition from other online retailers. The outlook for the retail market and consumer confidence in the UK has taken a hit after the Brexit."|
|Agree with you Value King - difficult to know what the effect of the weaker pound will be. it's retraced almost excactly 50% of the fall from the high, Could be significant|
Fairly solid update.. the only downside on gross margins..