Asos Share Discussion Threads

[havinthelasttoast] 26/3/2024 08:04

The price is 365 ya daft mugs hehe.

[aishah] 26/3/2024 08:03

Adding here today. Frasers must be very pleased with that cash generation

[havinthelasttoast] 26/3/2024 08:02

No conference call for a reason.

Cash outflow continues.

Any rise will be sold into in next days.

Q1 has started terrible and shows no signs yet of getting better.

Let’s see 2025 if things improve. Until then watch the false pump and fall.

[rivingtonstreet] 26/3/2024 08:02

I think you wasted your breath and your unbelievable efforts of logging in and out of what seem hear is plus 20 alias profiles. Dear oh dear. Must have a sore head now.

[vanduke] 26/3/2024 07:58

Free cash flow improved by c.£240m compared to H1 FY23 due to improvements in underlying profitability and the clearance of aged stock. Despite the sales decline, H1 free cash outflow2 of c.£20m represents a strong outcome in a period typically characterised by significantly negative working capital (see chart below) and represents our strongest H1 cash performance since FY17.· As a result of this performance, we closed the half with a robust cash balance3 of more than £330m, an improvement of more than £20m from H1 FY23.· Full-year guidance is unchanged, including: 5-15% sales decline, positive adjusted EBITDA, inventory back to pre-COVID levels, and positive cash generation, reducing net debt.

[sellhighandbuylow] 26/3/2024 07:57

​There’s still no sign of a turnaround at ASOS, with the share price drifting back to the lows of summer 2023.

​It’s hard not to exaggerate the decline and demise of ASOS. For a while, it looked like ASOS could be a clothing titan and an international success story.

Unfortunately, the problems began long before the pandemic, with the shares slumping from their 2018 high of more than £78 per share to a low of £10 when Covid-19 hit. Lockdowns provided a brief respite, and lifted the ASOS share price, but this proved to be a very short-lived phenomenon.

​Since early 2021 the shares have been on a relentless downtrend, and after a brief revival in the summer of 2023 have now slipped back to below 400p.

​Pre-tax losses have ballooned, while the company has become the target of short-sellers, who have unsurprisingly seized on the 89% decline over the past five years. Many shareholders are now just pinning their hopes on a take over.

Source: IG.COM

[mirabeau] 26/3/2024 07:55

The trick is always spotting the turnaround in any company's fortunes. Is this that turnaround moment? That's where the real money is made

[sellhighandbuylow] 26/3/2024 07:53

There is absolutely nothing in this ASOS trading update screaming BUY, BUY, BUY

it's more a case of saying GOODBYE to your money !!

[wolfofhounslow] 26/3/2024 07:46

Free cash flow improved by c.£240m compared to H1 FY23 due to improvements in underlying profitability and the clearance of aged stock. Despite the sales decline, H1 free cash outflow2 of c.£20m represents a strong outcome in a period typically characterised by significantly negative working capital (see chart below) and represents our strongest H1 cash performance since FY17.· As a result of this performance, we closed the half with a robust cash balance3 of more than £330m, an improvement of more than £20m from H1 FY23.· Full-year guidance is unchanged, including: 5-15% sales decline, positive adjusted EBITDA, inventory back to pre-COVID levels, and positive cash generation, reducing net debt.

[rivingtonstreet] 26/3/2024 07:46

Post 33409This is what YOU said earlier about ASOS Maybe you need a dose of reality !!Turnover means absolutely nothing, it's pre-tax profits that count.

[wolfofhounslow] 26/3/2024 07:45

Hahahaha What a balloon!!

[havinthelasttoast] 26/3/2024 07:44

Why you think no conference call.

No break down of numbers. FCF means stock reductions. Smoke and mirrors. Sales down 18 percent in Q4. Of course they say focus on profits, what else can they say.

What happened the big long winded break down in the RNS like before of exactly what happened. Very few details now and from what I see no conference call.

The death spiral continues.

[seagreen] 26/3/2024 07:44

The worm is turning ignore the noise

If the sales are less during dificult economic times but the cash is improving it means the turnaround is occuring with real change


and represents our strongest H1 cash performance since FY17.

That is all you need to know

[throgmortonstreet] 26/3/2024 07:40

ASOS sees its market share eroded again with sales falling by a staggering 18%



So that's another stunning win for rival clothing retailer, SHEIN



www.shein.co.uk

[wolfofhounslow] 26/3/2024 07:38

Facts and figures not focusing on profits ?Ouch

[alex1621] 26/3/2024 07:36

Looks like Facts and Figures has got his facts and figures wrong? The full year target is indeed a decline of 5-15%. However H1 decline was forecast to be high double digits. That implies above 15% decline. FY24 target of 5-15% remains intact. So H1 sales decline in line.

[wolfofhounslow] 26/3/2024 07:31

Free cash flow improved by c.£240m compared to H1 FY23 due to improvements in underlying profitability and the clearance of aged stock. Despite the sales decline, H1 free cash outflow2 of c.£20m represents a strong outcome in a period typically characterised by significantly negative working capital (see chart below) and represents our strongest H1 cash performance since FY17.· As a result of this performance, we closed the half with a robust cash balance3 of more than £330m, an improvement of more than £20m from H1 FY23.· Full-year guidance is unchanged, including: 5-15% sales decline, positive adjusted EBITDA, inventory back to pre-COVID levels, and positive cash generation, reducing net debt.

[vanduke] 26/3/2024 07:30

Free cash flow improved by c.£240m compared to H1 FY23 due to improvements in underlying profitability and the clearance of aged stock. Despite the sales decline, H1 free cash outflow2 of c.£20m represents a strong outcome in a period typically characterised by significantly negative working capital (see chart below) and represents our strongest H1 cash performance since FY17.· As a result of this performance, we closed the half with a robust cash balance3 of more than £330m, an improvement of more than £20m from H1 FY23.· Full-year guidance is unchanged, including: 5-15% sales decline, positive adjusted EBITDA, inventory back to pre-COVID levels, and positive cash generation, reducing net debt.

[factsandfigures] 26/3/2024 07:27

Sales declined by around 18%, which is slightly worse than previously forecast by ASOS.

Declining sales are expected to continue throughout the first half of Full Year 2024 as the cost of living crisis continues.

Expectations for the Full Year include annual sales to DECLINE by between 5% and 15%.

[throgmortonstreet] 26/3/2024 07:25

ASOS sees its market share eroded again with sales falling by a staggering 18%



So that's another stunning win for rival clothing retailer, SHEIN



www.shein.co.uk

.

[sick of it] 26/3/2024 07:25

I think honestly your short is f:ked
Open at £4....

[mirabeau] 26/3/2024 07:24

Whoever signed off on that convertible debt needs taking outside naked and put in a fridge for a week

[blackhorse23] 26/3/2024 07:23

18% revenue declines , is very high after prices increase

[throgmortonstreet] 26/3/2024 07:21

The one thing that is absolutely guaranteed, is ASOS's falling sales and financial troubles will be replicated over at Boohoo PLC.