Asos Share Discussion Threads

[qantas] 17/4/2024 18:06

Surprise surprise shorts closing now at 5.60%



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

[wolfofhounslow] 17/4/2024 17:32

In H1 FY24 we delivered our strongest H1 cash generation since H1 FY17 because of our stock discipline and cost management. Our guidance for FY24 and FY25 remain unchanged and we are committed to accelerating towards an 8% EBITDA margin in the mid-term, enabling ASOS to be sustainably cash generative on an ongoing basis. As set out in our FY23 results announcement: · Our mid-term priorities are leveraging our strengths: to offer the best & most relevant product; be a destination for style; build a customer journey created around fashion and excitement; and offer competitive convenience. These things will drive our economic model, delivering stronger order economics and better customer lifetime value.· In FY25 we expect to deliver revenue growth and return EBITDA margin to around pre-Covid levels (c.6%). In the medium-term we have confidence in our ability to return to double-digit growth; steadily improve gross margin back towards c.50%; maintain EBITDA sustainably ahead of capex, interest, tax, and leases; reduce capex to 3-4% of sales; and deliver inventory of c.100 days.· FY24 is about taking the necessary action to get us to that path. Our priorities of accelerating towards our new commercial model and strengthening our relationship with consumers require investment in the near term into marketing and the discounting of aged stock to exit the year with a clean stock position, including using offsite clearance channels where necessary.· As such, our expectations for FY24 are unchanged:- Sales decline of 5 to 15%, with P4 FY23 trends continuing through the first half of FY24 and a return to growth in the final quarter of FY24.- Adjusted EBITDA positive.- Stock back to pre-Covid levels (c.£600m as previously communicated).- Capex of c.£130m6.- Positive cash generation, reducing our net debt position. Our next update will take place following the end of the FY24 reporting period.

[wolfofhounslow] 17/4/2024 17:07

https://shorttracker.co.uk/company/GB0030927254/Back down to 5.6 lol

[wolfofhounslow] 17/4/2024 17:06

AEBITDA for FY25 expected to be significantly higher than FY23 and FY24 driven by: (1) materially higher gross margin following removal of old stock and higher full-price sales mix of flexible stock models; and (2) ongoing transformation of the business following cost action already taken in FY23 and H1 FY24."

[throgmortonstreet] 17/4/2024 16:30

ALL YOU FAILED SHARE RAMPERS CAN'T SAY YOU WERE WARNED !!!

[throgmortonstreet] 17/4/2024 16:19

QANTAS / WOLFOFHOUNSLOW / CHATCHAT

you only have yourself to blame for your financial losses on ASOS.



There have been plenty of warnings posted on ADVFN about ASOS, its falling sales, its cashflow problems, and its huge piles of unsold and unwanted stock.

You've been taught another invaluable financial lesson, and that is NEVER TRY TO CATCH A FALLING KNIFE !!!.

[chatchat] 17/4/2024 16:17

If sales were declining at 18% in H1 but between 5 to 15% for year as whole ( as per guidance) 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.

[throgmortonstreet] 17/4/2024 16:12

Despite Chief Executive, José Antonio Ramos Calamonte claiming that ASOS’s turnaround strategy is working, its latest half-yearly results would suggest otherwise.

The costly £30 Million “brand building” exercise first announced in November 2023 has largely failed to help it to return to growth.

With most shoppers reluctant to part with their cash, ASOS’s sales turnover fell by 18%, with expectations of further falls of between 5% and 15% for Full Year 2024/25.

ASOS shareholders can expect plenty more bumps in the road, including the massive threat to ASOS’s future sales coming from rival clothing retailers, SHEIN and TEMU who are both eating away at ASOS’s market share

TOTAL REVENUE FELL TO JUST £1,505.8 Million

PRE-TAX LOSSES DECLARED OF £270 Million

LOSS PER SHARE DECLARED AT 204.3P EACH

[sellhighandbuylow] 17/4/2024 16:05

so chatchat is another one of WolfofHounslow's many LOSER NAMES

did you forget to log-out and log-in again ??

[wolfofhounslow] 17/4/2024 16:00

AEBITDA for FY25 expected to be significantly higher than FY23 and FY24 driven by: (1) materially higher gross margin following removal of old stock and higher full-price sales mix of flexible stock models; and (2) ongoing transformation of the business following cost action already taken in FY23 and H1 FY24."

[sellhighandbuylow] 17/4/2024 15:57

Just wait for all the City downgrades and the sell notes to start rolling in

[robertbarns1] 17/4/2024 15:51

Plenty of action today



not sure we will see 330p this week

[chatchat] 17/4/2024 15:44

"AEBITDA for FY25 expected to be significantly higher than FY23 and FY24 driven by: (1) materially higher gross margin following removal of old stock and higher full-price sales mix of flexible stock models; and (2) ongoing transformation of the business following cost action already taken in FY23 and H1 FY24."

[ajseabright] 17/4/2024 15:37

You said summer rate cuts would happen.... Why you changing your tune again.Blimey Facts hope your ok BRUV.

[throgmortonstreet] 17/4/2024 15:04

Jeremy Hunt has today suggested an August or September interest rate cut is coming - presumably just ahead of the General Election

[factsandfigures] 17/4/2024 14:52

Any cuts in the UK Base Rate are not imminent !!
================================================

We are still thinking the BoE will not cut borrowing costs until late Summer or early Autumn.

Inflation slowed down less than expected, pushing City economists to cut their forecasts for how much the Bank of England will cut interest rates this year. Traders are now pricing in just one interest rate cut this year, compared to expectations of multiple cuts.

The UK’s annual inflation rate fell in March for a second consecutive month, dropping to 3.2% – the lowest level since September 2021. Core measure, which strips out volatile elements such as energy, food, alcohol and tobacco, dropped from 4.5% in February to 4.2%.

However, both figures are higher than expected, with the market expecting CPI of 3.1% in March and core inflation of 4.2%.

FACT: UK CONSUMER SPENDING IS NOT PICKING UP ANY TIME SOON

[ajseabright] 17/4/2024 14:47

Could of years.What about Frasers buying in?

[dodge meister] 17/4/2024 14:38

Also dropping interest rates this year will spur growth in the UK and EU markets.

[dodge meister] 17/4/2024 14:38

The large drop in debt is very good, soon to be positive EBITDA. Once the stock overhang is cleared out this year, the investment in growth could make this a multi bagger in a couple of years.

[ajseabright] 17/4/2024 14:37

Mate it's going to go turbo shat on.This won't help your long though Seedoo.

[ajseabright] 17/4/2024 14:37

How's it looking?

[seedoftongo] 17/4/2024 14:34

ASC will get shat out of the market .
Boo and others will go the same way .
SHAT right out of the market .

[tomboyb] 17/4/2024 12:56

Will go red -

[throgmortonstreet] 17/4/2024 12:39

Based on today's inflation numbers, don't expect any upturn in consumer spending anytime soon.