Asos Share Discussion Threads

[millennialinvestor] 28/3/2024 08:20

Next stop 850p.

[qantas] 28/3/2024 08:11

Poor Old Throg deep fried again what a muppet.

Hello Kitty says Hodl Yoda.

Please do your own research as always and follow FCA guidelines.

[wolfofhounslow] 28/3/2024 08:03

https://shorttracker.co.uk/company/GB0030927254/

[throgmortonstreet] 28/3/2024 07:00

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

[meleforgothisbongo] 27/3/2024 21:29

Mele, you do realise everyone thinks your a complete n0b! Good no woman has ever seen your seeds. The outcome would be a mutant. U washed up hack Tom

[seedoftongo] 27/3/2024 21:06

Wolfie , you do realise that no one reads anything you post ??

[wolfofhounslow] 27/3/2024 20:48

I'm excited by the performance of our new collections, while we have also made great progress in monetising inventory that built up over the pandemic and in improving the core profitability of our operations. We have reconfirmed our guidance for FY24 as we lay the foundations for a more profitable, cash generative business from FY25 and beyond."

[wolfofhounslow] 27/3/2024 20:43

https://shorttracker.co.uk/company/GB0030927254/

[blackhorse23] 27/3/2024 20:30

I will wait till 200

[wolfofhounslow] 27/3/2024 17:56

Shorts closing 5.56% now Ouch

[seedoftongo] 27/3/2024 16:34

The only question here is who will go pop first …

ASC OR BOO …

Place yer bets like …

[robertbarns1] 27/3/2024 16:19

wait for 330p buy back in lads

[cinoib] 27/3/2024 14:37

Market in a sad state again but the dow 250 up. I remember once upon a time, (and not in the west.) when we use to follow the dow, but those days seem to be a distant memory.

[blackhorse23] 27/3/2024 14:15

What I said you Monday , will start dropping ? Results were no good

[havinthelasttoast] 27/3/2024 10:35

Believe me thicko if profit had have been a lot they would have shouted it from the rooftops and had a conference call.

Are you boys so blind you can’t see the obvious here.

They may turn it around, but the idea that they have or are on the way to is for the fairies.

[millennialinvestor] 27/3/2024 10:25

pumping up to 400p.

[ukneonboy] 27/3/2024 09:26

The grim reality is that ASOS PLC has done very little to buck the online fashion trend of falling sales and big losses with yesterday's trading update.

Sales for the six months to 3 March were down 18% though this was hardly unexpected, given the resurgence in high-street shopping and ongoing cost of living pressures.

ASOS is desperately trying to clear piles and piles of old unwanted stock and reduce it's inventory before it tries to move to a new operating model in 2025.

Clearing the excess stock has only marginally improved ASOS's net cash position, but there is still plenty of unsold stock to be moved on. Return goods are still a big problem for ASOS

Worryingly, ASOS has kept its full-year guidance unchanged, predicting further sales declines of between 5% and 15% for this financial year.



Even now ASOS shares are still DOWN by 13% in 2024 and they are unlikely to be bolstered by this update.

[wolfofhounslow] 27/3/2024 09:25

"Is very little""They didn't tell us how much"lol contradicting statements lol How thick can one be ?

[havinthelasttoast] 27/3/2024 09:14

Is very little

They didn’t tell us how much. They masked it with stock reduction to come up with a combined free cash flow number.

Only an amateur wouldn’t spot that move. Then no T/u at Xmas and no conference call. Wonder why that is hahahahaha

Business on a death spiral, can’t cut costs quicker than revenue decline.

[wolfofhounslow] 27/3/2024 09:01

Why not talk about profits ??Lol

[throgmortonstreet] 27/3/2024 08:57

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

[thanatos abysss] 26/3/2024 21:38

Burning tonight

[wolfofhounslow] 26/3/2024 17:38

Agreed shorters in trouble

[ste2000] 26/3/2024 17:16

rug pulled tomorrow