Asos Share Discussion Threads

[jthomas10] 12/7/2018 17:29

Trt

One only has to look at your posting history to understand your motives. I suggest you listen to the audio call today that ASOS held with brokers to discuss their trading performance. Any retailer will bite your hand off at a 20% growth in the client climate. They have surpassed their gross margin expectations and are still set to achieve their annual forecast figures albeit at the lower end of the range they issued.

They have spent the last 4 months optimising their business and if you know about their strategy you will appreciate they have had to do that in the P3 period due to their recent investments.

All the dozen brokers are currently tipping this as a buy and that is bullish enough for anyone with a sound mind. In most stocks that is as volatile and talked about as ASOS you will have differing broker views but having a dozen with similar consensus and targets ranging from £70 - £95 only shows the potential from current prices.

Aside from the high P/E which is synonymous with this stock and not the only consideration in investing (I actually prefer investing in high P/E stocks provided other metrics are in place as they tend to make higher highs and and higher lows), give me one good reason for your continuous one line drivel of this going down?

I detest posters who post without merit and one only has to look at your history to understand your intentions. We should be helping each other make money and not lose money. If you have a valid argument, come out with it.

ASOS is well placed to achieve good returns for shareholders especially at current prices. The yield from the technology and infrastructure investment this year should further enhance it's growth ambitions.

[kamitora] 12/7/2018 17:18

Asos: friction fiction (Lex)
The online fast fashion emporium is set to continue gathering pace



On today's fall: "It is unlikely to stay down for long. The share of fashion bought online is expected to double in the next decade. Governments may want to mitigate the impact on the high street but that will not stop consumers upping their spending. The fast fashion online emporium will continue to travel at an impressive pace."

[jthomas10] 12/7/2018 16:42

Nyboy

I ain't no Jimmy Thomas bud - famous in my own little way though! ;)

[ny boy] 12/7/2018 16:26

5500 is support 😁

[trt] 12/7/2018 16:15

Press coverage tomorrow will be negative and bring out more sellers - could see below £55 tomorrow

[trt] 12/7/2018 16:05

Growth has effectively stalled - taking more profits now before others get a chance I have got to protect large profits

[ny boy] 12/7/2018 15:48

Not the famous Jimmy Thomas that is driven around London in JT1 😉

[jthomas10] 12/7/2018 14:29

*audio transcript

[jthomas10] 12/7/2018 13:50

Audit transcript of the investor call with the brokers today. Extremely encouraging and excellent performance - showing the drop has been way overdone.

[donaferentes] 12/7/2018 12:32

I too hold from 53p days, more out of sentiment than good judgment. Regret not selling at £70 last year in truth. But, yes, I think it will bounce back up to mid range soon enough. The only justification to hold is to imagine st least 5, if not 10, years time. But that is a long time for most people here, me included. Good luck all buying on the dip!

[jthomas10] 12/7/2018 11:06

Well done, I got a few at 6040 and then again at 5950. Happy with that as I can see this doing a reversal in the next few days.

Brokers have today reiterated their buy targets ranging from 7000 to 9500. Deffo a good upside from current levels!

[ny boy] 12/7/2018 10:08

Sold a few before the results 6565, bought a few more 5760, 25% off the highs, seems like a reasonable level, should recover over the coming months. These shares always fall on their results and later recover.

[jthomas10] 12/7/2018 09:55

Apologies, growth forecast guidance was 25-30% and the 4 months performance was at 22%. So they did fall short of the annual forecast but given this was peak summer, it is expected to be on the lower end of the year. Still think the drop is massively overdone and this is backed by the brokers reiterating their buy targets today and keeping their target prices intact.

[jthomas10] 12/7/2018 09:29

Also a few other points. It’s days like these the stop losses are triggered hence the rapid fall. The brokers have reiterated the buy targets today. And the growth of 20% in the 4 months are above the yearly forecast of 15 - 18% and they’re just being prudent by saying they might end up on the lower scale of the forecast - which means they will still meet targets but may not be the higher end, albeit they overachieved in the 4 months to date.

All in all the drop has been overdone imo.

[jthomas10] 12/7/2018 09:21

Just panic investors and traders who are in it for the short term taking this down. Gobsmacked it’s in £57 now. But there’s an easy few quid to make if you held for a few days if not he bounce back up to £60 today.

[malcontent] 12/7/2018 09:02

the £60 mark appears to be a key technical zone obviously

will be watching to see if it holds or breaks down below

still holding a few from the 40pence days - best share-ride of my life so will be sad to let the last quarter go

[izztre] 12/7/2018 08:46

I agree. It quickly bounced after the us sales tax news. I have bought a few more also

[izztre] 12/7/2018 08:45

Thanks appreciate the insight

[jthomas10] 12/7/2018 08:33

Unjustified drop - will see this bounce by midday! Taken a few this morning.

[trt] 12/7/2018 08:22

Growth is slowing taking profits

[izztre] 12/7/2018 08:10

Cannot understand the market reaction. All looked good to me

[ny boy] 09/7/2018 18:16

All good here, happy holding, expecting some fantastic numbers at the next update.

[h2owater] 04/7/2018 19:45

Koovs rallies as India's largest retail group subscribes for a stakeWed, 4th Jul 2018 14:23(Sharecast News) - Shares in Koovs rallied on Wednesday after the Indian fast fashion retailer said that Future Lifestyle Fashions - which is part of India's biggest retail group, Future - has agreed to subscribe for a stake of up to 29.9% in the company.Future Group owns more than 60 brands, operates close to 2,000 retail stores and attracts footfall of more than 500m annually. It also has one of India's most unique digital payment platforms, Future Pay, which has an active user base of over 6.5m.Future Lifestyle Fashions owns and markets 30 fashion brands through exclusive brand outlets, department stores and multi brand outlets, as well as company-operated chains such as Central and Brand Factory.Koovs chairman Lord Alli said: "This marks a giant step forward in the Koovs' journey to win the e-fashion market in India. FLFL with its leadership position as an integrated branded fashion player and the Koovs brand and technology platform are an unbeatable combination. This investment will bring enormous benefits to our customers and partners as well as significant value for all shareholders."Koovs will issue FLFL with just under 58m new ordinary shares at 10p each, representing 24.8% of the enlarged issued share capital and raising £5.8m in cash.The company also announced the formal opening of a bookbuild to raise as much as £10m of equity at 15p per share.Hardman & Co said: "With the capital and the partners, Koovs now has the substantial platform on which to build India's leading fashion e-tailer and has financially de-risked the whole venture."At 1430 BST, the shares were up 23% to 22.50p.

[h2owater] 04/7/2018 19:07

For you rich folks:The next ASC is KOOV in India► The deal: Koovs will issue 57.9m shares to FLFL at 10p per share, raising £5.8m. It will also look to raise a further £10m from selected investors at 15p per share. The capital raised fulfils the conditions of the HT Media deal. If the full £10m is raised, FLFL will subscribe for further equity, taking its stake up to 29.9%. ► The benefits: FLFL is a huge, nationwide bricks-and-mortar fashion retailer. It is also a vertically integrated business manufacturing its own brands, as well as selling well-known international labels. With Koovs leveraging FLFL’s scale and distribution, this should improve its revenue and margins much faster. ► Valuation: Once the deal completes, the equity case moves from being an option to a soundly-based proposition. We previously estimated that the current EV of a future successful Koovs could be ca.£357m, including the funds to be raised. This deal completely transforms Koovs’ prospects, in our opinion. ► Risks: Once refinanced, we see the two key risks being slower uptake of ecommerce in India than we forecast and damaging discounting by Koovs’ indirect competitors. Koovs also needs to manage the relationship with FLFL successfully to optimise its benefits. ► Investment summary: Once the deal is completed and the money raised, Koovs becomes an exciting way to play the last big world retail market to move online. The prize, if it gets it right, is a billion-pound company and more. It is likely to be a bumpy, exciting ride, but investors have the reassurance of a highly experienced management team in charge, and the backing of two major Indian corporations straddling both retail and media.