Asos Share Discussion Threads

[ajseabright] 07/4/2024 22:29

Just not sure why you guys can't be honestI'll startI have no position here or have ever tradedASOSBoo however I have traded it long from 30to32p about 4 times to 38to42p and currently long from 34.6 with a target of 40to42p however if we break above this I'll hold.See that was easy and transparent

[ajseabright] 07/4/2024 22:24

Your still a hero to me Seed.

[ajseabright] 07/4/2024 22:23

Sooooooooo long or short or no position

[seedoftongo] 07/4/2024 21:26

Ahh cracks appear in the silly facade ….

Lowest caste .
That’s you .

😉

[ajseabright] 07/4/2024 21:24

I'm the boss Seed you know thatAnd everyone knows your positionBut I just want you to be honest with yourself bruvWe got you seedBig love

[seedoftongo] 07/4/2024 19:46

AJ
I told you , no more questions.
You are the lowest caste , a harijan.

Slither Grovel

[ajseabright] 07/4/2024 18:23

Yep they do Throg.You long or short hereDon't be shy

[throgmortonstreet] 07/4/2024 10:28

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

[ajseabright] 06/4/2024 19:46

Oh dear SeedYou long or short brother..... cat got your tongue

[wolfofhounslow] 06/4/2024 14:29

Good progress on implementing the Back to Fashion strategy, including action to clear aged stock and transition to the new operating model by FY25. Ahead on plan to improve stock efficiency and reduce inventory to c.£600m by year end. Test & React is now tracking at c.5% of own-brand sales, bringing high-fashion product from design to site in 2 to 3 weeks increasing our agility in responding to rapidly evolving customer demand.· 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.

[ajseabright] 05/4/2024 18:34

Yeah this company is going bust

[havinthelasttoast] 05/4/2024 17:56

Poor wolf.

The rampers on Superdry are just like here, wolfie, switch the lights off in asos on the way out will ya.

[ajseabright] 05/4/2024 17:01

Great work Chat. There is a reason Frasers want this

[chatchat] 05/4/2024 15:43

Below is extract of what the guidance stated

"Sales1 declined by c.18%, broadly in-line with guidance that P4 FY23 trends were expected to continue through H1 FY24 "


"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."

Not another 5-15%, but iverall for year.

If sales were declining at 18% in H1 but between 5 to 15% for year as whole then H2 must have lower rate of decline and depending upon where ASOS hits in the 5 to 15% YOY H2 may even have revenue growth.

[ajseabright] 05/4/2024 15:42

Yep they are going bust FACTS.You long or short here buddy

[factsandfigures] 05/4/2024 14:36

ASOS finally admitted sales declined by around 18%, which is worse than previously forecast.

Sales are expected to continue FALLING throughout the first half of Full Year 2024 as the cost of living crisis continues and consumers remain unwilling to buy new clothes.

Worse still, ASOS has also predicted that for the Full Year 2024, it expects annual sales to DECLINE by another 5% to 15%.

[ajseabright] 05/4/2024 14:14

Some info their Wolf

[qantas] 05/4/2024 13:59

Fun fact

G-Y Bears Shares are hammering up with unlimited losses for you?

Hello Kitty say Hodl Yoda

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

[wolfofhounslow] 05/4/2024 11:08

Good progress on implementing the Back to Fashion strategy, including action to clear aged stock and transition to the new operating model by FY25. Ahead on plan to improve stock efficiency and reduce inventory to c.£600m by year end. Test & React is now tracking at c.5% of own-brand sales, bringing high-fashion product from design to site in 2 to 3 weeks increasing our agility in responding to rapidly evolving customer demand.· 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.

[throgmortonstreet] 05/4/2024 09:20

On the subject of inadequate working capital, it is worth noting that ASOS (ASC) currently has a £500 Million convertible bond in issue, which is due to be redeemed in April 2026.

It is highly unlikely that ASOS will be able to repay and redeem it, and the conversion option is deeply out of the money.

With a market capitalisation of only about £440 Million, ASOS has very limited options to deal with the debt.

Worse still, the bond currently only trades at about 59p on every £1



Realistically it is only a matter of time before the bondholders will own ASOS and ASOS's ordinary shareholders will get wiped out.

[ajseabright] 04/4/2024 16:38

You long or short brother

[thanatos abysss] 04/4/2024 15:40

Qantas biggest crash ever. Funny crash

[ajseabright] 04/4/2024 15:30

HUGE thanks FactsGreat info brotherCome on share with the group your agendaLongShortPaid ramper Or just your local hero.