Asos Share Discussion Threads

[qantas] 18/4/2024 07:34

Fun Fact ready to hammer up.

G-Y Bears doomed to failure.

Shorts closings ready for capitulation.

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

[ajseabright] 18/4/2024 07:33

Eeeeeeeyyyyyyyuuu Throg how's it going Brother?What is your take on the Times article?Love your opinion

[ajseabright] 18/4/2024 07:32

Thanks FACTs and your correct I don't.What's your interest here then mate?Long or short?Why so scared mate to share

[throgmortonstreet] 18/4/2024 07:32

A statutory loss of £270 Million is still a MASSIVE FINANCIAL LOSS, no matter how much you try to camouflage it.

Latest website traffic data and visitor numbers for ASOS's website up to and including 31st March 2024 show declining visitor numbers, which ultimately means less sales.

Marketing spend is up and sales being down, isn't a recipe for success, that is for sure

ASOS has also seen its market share eroded again with sales falling by a staggering 18%



In comparison, City analysts point to the success of clothing rival SHEIN, which now enjoys UK sales of more than £1 billion per year, partly thanks to it buying the Missguided clothing brand from Mike Ashley's Frasers Group..



www.shein.co.uk

[wolfofhounslow] 18/4/2024 07:32

Times news Shein interested in Topshop

[factsandfigures] 18/4/2024 07:26

Having stated yesterday that you don't hold any shares in ASOS and that you are only here to disrupt discussions, you clearly have issues. Maybe these folks can help you

[wolfofhounslow] 18/4/2024 07:23

asos #asc Asos receives non stop interest for TopshopShein circling again

[ajseabright] 18/4/2024 07:19

Oh I see just a column filler how convenient hey.So it's just Frasers who want this £1.5 billion turnover machine.Let's see what the market thinks

[factsandfigures] 18/4/2024 07:14

ASOS PLC undoubtedly prospered when bricks and mortar retailers were shut during the Covid lockdowns, but it has been hit hard by more challenging trading conditions
post-pandemic with consumers shifting away from buying goods online and returning to the UK's high streets.

Worryingly for shareholders, ASOS now faces intense competition from other online clothing retailers including SHEIN and TEMU and from retailers like H&M and ZARA who have a combination of both physical stores and an online retail presence.

[ajseabright] 18/4/2024 06:59

FACTs morning pal.What do you make of the Times article?I know you have read it as you see everything.Keen for your opinion

[ajseabright] 18/4/2024 06:58

Yeah ok Rob. Your by spouting about being short in a min

[factsandfigures] 18/4/2024 06:25

You are going to be extremely disappointed because The Times newspaper article appears to be nothing more than a "column filler no story" in which a newspaper journalist has picked up on the fact that Frasers Group previously sold the MissGuided clothing brand to SHEIN.

The point you seem to have missed is that SHEIN is already incredibly successful and definitely does not need ASOS or rival Boohoo.

Later this year SHEIN is expected to seek a stockmarket listing in either London or New York, at which point SHEIN is likely to have market cap of about U.S. $80 Billion

Yes, I did say U.S. $80 Billion compared to ASOS's market cap of about £400 Million.

[robertbarns1] 18/4/2024 04:06

patience now needed

plenty of shorts still .... i will wait for 330p top up

[ajseabright] 17/4/2024 22:28

No it's in the Times

[wolfofhounslow] 17/4/2024 22:16

https://www.retailgazette.co.uk/blog/2024/04/asos-boss-topshop/

[ajseabright] 17/4/2024 22:15

You found it?

[wolfofhounslow] 17/4/2024 21:41

#asos #asc Asos receives non stop interest for TopshopShein circling again

[wolfofhounslow] 17/4/2024 21:36

Can you please post the link ?

[ajseabright] 17/4/2024 21:10

Mate you're so angry of late.Sooooooo funny but remember everyone is laughing at me

[ajseabright] 17/4/2024 21:09

VERY INTERESTING ARTICLE IN THR TIMES REF ASOS WITH SHEIN INTERESTED IN A TAKEOVER.Can't wait for seed facts Throg or sell to post it in here

[qantas] 17/4/2024 20:55

Deep fried G-Y shorts Bears smell.

Hello Kitty says Hodl Yoda

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

[ajseabright] 17/4/2024 20:07

You are the copy and paste king.You need to start reading your messages

[sellhighandbuylow] 17/4/2024 20:05

Watch out folks QANTAS a.k.a WOLFOFHOUNSLOW a.k.a. CHATCHAT a.k.a AJSEABRIGHT is leaving the building clutching his ASOS share certificates.



Time to accept that you got it badly WRONG with ASOS shares..........and Boohoo shares and Currys shares and Superdry shares and THG shares

YOU ARE THE FOOL, THE LOSER & THE CLOWN THAT IGNORED ALL THE WARNINGS

[wolfofhounslow] 17/4/2024 19:28

Online retailer Asos said it was ahead of plan with its stock reduction process, as it ploughs ahead with its turnaround plan.The digital pure-play said adjusted revenue declined by 18 per cent in the 26 weeks to 3 March to £1.4bn. However, chief José Antonio Ramos Calamonte, scheme to turn "stock into cash," as part of its turnaround strategy, showed signs of paying off. The brand sold 83 per cent of its autumn collection, an improvement of 17 per cent compared to the same period the year before. On Wednesday, the business also said it was ahead of plan on stock reduction with £593m stock at the first half of the year, close to its full year objective of £600m. Approximately half of the stock reduction came from the clearance of stock over 12 months old.José Antonio Ramos Calamonte, its chief executive, said: "At the beginning of this year we explained that FY24 would be a year of continued transformation for Asos as we take the necessary actions to deliver a more profitable and cash generative business. "Under our Back to Fashion strategy, we set out three priorities for the year – to offer the best and most relevant product, to strengthen our relationship with customers and to reduce our cost to serve.He added: "We have delivered on each of these in the first half of the year, including right-sizing our stock ahead of target to drive our best first half cash performance since 2017 and seeing excellent results in our Test & React model, which is growing at pace.""Asos is becoming a faster and more agile business, and we are reiterating our guidance for the full year as we lay the foundations for sustainably profitable growth in FY25 and beyond."In recent years, Asos has struggled to keep pace with new ultra fast fashion brands such as Shein. Around £40m has been wiped off its market capitalisation in the past five months after the business warned on its profits at the tail end of 2023. Shares are also down by nearly 55 per cent in the past year. Asos held its guidance for the full year, predicting a sales decline of five to 15 per cent. However the firm said it expects adjusted EBITDA for the following year to "significantly higher" as its turnaround plan will show continued signs of paying off.In a separate announcement, Asos also named former Sainsbury's and Amazon executive Dave Murray as its new chief financial officer.He is set to take the reigns at the end of the month, replacing Sean Glithero, who joined last year on an interim basis.Ramos Calamonte, added: "I am delighted to be welcoming Dave to the management team. His wide-ranging experience in the retail sector, notably in senior finance positions in several major retail, fashion and e-commerce businesses, will make him a valuable partner in the next phase of Asos' journey to becoming a faster, more agile and more profitable business."