Asos Share Discussion Threads

[fuji99] 26/10/2018 15:40

Amazon negative effect.

[umitw] 26/10/2018 10:47

Some fall here. You would think it's a Tech company!

[jamesto2] 26/10/2018 08:03

MMX OPENS LONDON STOCK EXCHANGE TO MARK LAUNCH OF .LUXE


Minds + Machines Group Limited (AIM: MMX), the top-level domain registry company, is today honoured to be joined by its commercial partners Alibaba Cloud and Ethereum to open trading on London Stock Exchange and celebrate the official launch of .luxe.


.luxe is the first top-level domain designed to resolve naming conventions both on the World Wide Web and the Ethereum blockchain.


The Company also announces that it is now a member of London Stock Exchange's Issuer Services Marketplace enabling the Company to generate deeper awareness amongst London Stock Exchange Group listed companies for .luxe and its wider portfolio of new domain name extensions.

[jamesto2] 26/10/2018 07:30

Big blockchain news from MMX folks

[jamesto2] 26/10/2018 07:29

Regulatory News

MMX opens LSE to mark launch of .luxe
Fri, 26th Oct 2018 07:00

RNS Number : 2482F
Minds + Machines Group Limited
26 October 2018
For release: 07.00 am, 26 October 2018


Minds + Machines Group Limited

("MMX" or the "Company")


MMX OPENS LONDON STOCK EXCHANGE TO MARK LAUNCH OF .LUXE


Minds + Machines Group Limited (AIM: MMX), the top-level domain registry company, is today honoured to be joined by its commercial partners Alibaba Cloud and Ethereum to open trading on London Stock Exchange and celebrate the official launch of .luxe.


.luxe is the first top-level domain designed to resolve naming conventions both on the World Wide Web and the Ethereum blockchain.


The Company also announces that it is now a member of London Stock Exchange's Issuer Services Marketplace enabling the Company to generate deeper awareness amongst London Stock Exchange Group listed companies for .luxe and its wider portfolio of new domain name extensions.


Toby Hall, CEO of MMX, commented:


"Our goal is simple - to create a trusted naming convention that can work across multiple blockchains as well as the World Wide Web. To achieve this, we are working with the world's fastest growing blockchain, Ethereum, as a cornerstone partner in this initiative. We look forward to welcoming others into .luxe in the coming months as well as creating broader awareness for human readable digital identifiers that can work in multiple online universes. We are likewise delighted to be joined today by our retail partner, Alibaba Cloud."


Currently there is no interoperable naming convention across the World Wide Web and separate blockchains. Each blockchain typically uses a randomly generated hexadecimal string as the public identifier for each item. For example, on Ethereum, the hexadecimal string is 42 characters long. Through .luxe, it will be possible to use a relevant, memorable name of the user's choice instead of the cumbersome string as the public identifier. The same .luxe name can then also be used on the World Wide Web helping to generate further trust and transparency between parties.


Dr Robert Barnes, Global Head of Primary Markets and CEO Turquoise, London Stock Exchange Group, said:


"We are delighted to welcome Minds + Machines, one of our listed companies, to open the London market. London is a world-leading fintech hub and we are committed to supporting the growth of fintech businesses."


Yeming Wang, general manager of Alibaba Cloud EMEA, said:


"As one of the top three global Infrastructure-as-a-Service providers and a technology innovator, we have helped many companies across the globe with their digital transformation initiatives. Our mission is to provide a scalable, secure and robust platform so customers can focus on delivering business results. With a similar belief in mind, we are proud to be partnering with MMX to help bring a simple, consistent and user-friendly solution to a digitally-born technology, so users can concentrate on building the products to better serve the Blockchain communities."


Nick Johnson, Lead Developer Ethereum Name Service, said:


"We are delighted to welcome .luxe into the Ethereum Name Service. We see the approach being taken by MMX as fulfilling an essential role in generating broader mainstream understanding and adoption of blockchain solutions with ease-of-use and usability being central to their thinking."


Sales of .luxe names to the general public will begin on 6 November 2018. However, there is an Early Access Programme running from 1600 UTC on 30 October 2018, where names can be purchased ahead of general availability subject to an additional one-time fee. For further information on .luxe and its launch time-table, please visit www.join.luxe


- ends -

[olliebee] 23/10/2018 18:25

All markets are down today, so that's why there was no rise on the upgrade.

I bought into ASOS last week at 5000, I don't think ASOS will grow much in the next six months. So I'm taking out half of my profits to put into KOOVs. The former chairman of ASOS is leading KOOVs expansion into India, following some growing pains where they tried to copy and paste the purely digital ASOS business model into India's market which wasn't ready for it, they have now built a strong aspirational brand and secured funding and a key retail partnership to roll-out a hybrid business model to India's growing middle class in over 2000 shopping malls.

It's one to look at or add to your watch list as it moves towards profitability. It definitely has a lot more upside than ASOS in the short-term, particularly with the recent market uncertainty and longer-term Brexit. It's a cheap way to get exposure to India.

A compelling read: hxxps://www.evernote.com/client/snv?noteGuid=5d312024-b1c0-4c7d-bb1d-1b3177f00d7d&noteKey=5bd02d1242706eea&sn=hxxps%3A%2F%2Fwww.evernote.com%2Fshard%2Fs30%2Fsh%2F5d312024-b1c0-4c7d-bb1d-1b3177f00d7d%2F5bd02d1242706eea&exp=ENB3907&title=Koovs%2BPlc

(Not my research, you need to click the top part of the link. I'm still long ASOS while they are expanding into the US.)

[umitw] 23/10/2018 09:25

Didn't market like the news?

[umitw] 19/10/2018 15:44

* Asos Plc : Credit Suisse raises price target to 6,000p from 5,300p

[vauch] 18/10/2018 15:50

When are they going to pay dividends

[umitw] 18/10/2018 14:43

Looks like £65 on the way!

[umitw] 18/10/2018 10:55

Nevertheless , share price motors upwards, mind the gap though!

[walbrock82] 18/10/2018 09:28

Although ASOS saw impressive sales and profit growth. It feels ASOS is stuck in a trap where they have to expand to grow their profits, otherwise, the market can’t justify P/E ratio of 50+
Read why ASOS has lost some of its competitive advantages.
And it got nothing to do with sales.

[dcarn] 18/10/2018 07:49

"why list on AIM"

Some very beneficial IHT reasons to be listed on AIM.

[qantas] 18/10/2018 06:54

Asos may have had it's day why list on AIM just because it is cheaper than the FTSE just does not add up with such a high share price.

Please do your own research.

[umitw] 17/10/2018 23:07

Dean I agree with you. I process everything online, it's for much younger generation as oldies do not know how to operate computer!Also it's cheaper as well, booking service of your car MOT ETC.

[dcarn] 17/10/2018 20:38

Never.

Been in the diamond for 15 years now,highs and lows and back to highs.

Doom mongers come and go, ASOS goes from strength to strength.

The future is online.

[madbadtrader] 17/10/2018 19:54

Entirely predictable! The Loonies come out in force when they THINK they have heard good news. Ask Mr Buffett if he would value a company at 4.9bn when they had made little over £100m, in a market where anyone can copy the business model and there is no barriers to entry!

Give it time, it will come down again. You can guarantee the biggest stock market losers in a stock market crash are the ones that are overvalued - this could be an opportunity to get out at a reasonable price.

[careful] 17/10/2018 16:02

The dot com boom is happening all over again.
Remember when everything that ended in .com had its value tripled?
I suppose it must be the next generation, those not born or under 10 years old do not remember the .com boom of about 18 years ago.
They go nuts on Bitcoin as well.
Can you imagine Buffett buying in to ASOS?

ASOS is now valued higher than MKS. (£4.85bn vs £4.62bn)
MKS turnover is £10.7bn, ASOS £2.42bn)
MKS dividend 6.57%, ASOS 0.
Mks Assets £2.95bn ASOS O.44bn.

Every new generation is entitled to have its go at being insane.
That is how we all learn.
Warren Buffett can forget Ben Graham's value principals, all of that stuff is out of fashion.

[sponges] 17/10/2018 11:43

Careful - It will pass this current fad - like rock'n'roll did ha ha
The world has changed I believe (and I'm 60) and it isn't going back - online will just keeping growing year on year - although agree valuations appear high asos has surely proven their model now over a long time period with obvious ups and downs along the way

[careful] 17/10/2018 11:13

15% of uk shopping is now online.
the way the believers talk you would think it was 75%.

you have to be in your house to take delivery.
when it arrives it looks cheap and does not fit.
you have to re pack it and return it,( after wearing it for a night out)

what a shambles, it will pass, this current fad.
online will be stuck at 20% maximum.
...and everyone including MKS are online.

ASOS is growing from almost nothing to a little bit more than nothing.
A PE of 58 seems dear.
But compare to Netflix at 120 and Amazon at infinity, I suppose it is relatively cheap.
(a cheap tulip, as in tulip mania)

[sponges] 17/10/2018 10:43

There is a whole generation now that have grown up using the internet to shop and who wouldn't dream of ever physically getting in the car and going all the way to their local town centre to visit MKS or any other bricks and mortar operation for that matter - whether any of us like that or not - that is the facts and why a company like asc is doing well - so I wouldn't say the lunatics have taken over the asylum - more that another generation are doing it their way (IMHO)

[careful] 17/10/2018 10:28

ASOS now valued the same as MKS.
crazy.
the lunatics have taken over the asylum.

[umitw] 17/10/2018 08:37

Can ASOS hit 60 GBP today..?

[dcarn] 17/10/2018 08:35

Good old ASOS, excels again.

[ny boy] 17/10/2018 08:13

Not in but well done those that either bought or are still holding, certainly v strong results