Asos Share Discussion Threads

[sellhighandbuylow] 19/4/2024 08:16

The City downgrades and SELL recommendations for ASOS have started rolling in:



Liberum Capital has reiterated its 'SELL' recommendation for ASOS PLC (LSE:ASC), with a long term target price of just 360p, expressing deep concerns about the online retailer's recovery and financial health.

[ajseabright] 19/4/2024 08:07

What's your take on the new directors Throg.

[ajseabright] 19/4/2024 08:06

Who am I? You know who I am buddy.I am....... AJ Not So Bright lolYes mate they are all laughing at meFair play Seed nice try but your never break me NEVER.

[throgmortonstreet] 19/4/2024 07:52

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

[seedoftongo] 19/4/2024 07:43

Who is we AJ ?

Would that be the multiple voices in one’s head you have that are agreeing with each other ?

The guys on BOO are mocking you again btw .
Bye for now fella .

[ajseabright] 19/4/2024 07:11

So we agree Frasers are looking to take this over.And of course they want it at cut price but I don't see how they will. Time will tell

[robertbarns1] 19/4/2024 02:32

looks like we will see 330p or lower again soon ..


GET READY TO top up folks

[thanatos abysss] 18/4/2024 22:53

Frasers will want the rest of it cut price. Expect more downside losers

[ajseabright] 18/4/2024 22:28

Why are Frasers buying ASOS FACTS?

[ajseabright] 18/4/2024 22:27

What you think of the new directors Sell.Bet you proper love them

[sellhighandbuylow] 18/4/2024 21:16

This is not the first time journalists have touted ASOS as being a desperate seller of some of its brands.

This same nonsense got trawled out back in October last year by The Telegraph



and yet NOTHING happened.

[factsandfigures] 18/4/2024 21:09

You really are desperate Wolfie !!


Most City people have already seen through this "Brand For Sale nonsense" and realise it is nothing more than a desperate attempt by ASOS's failing Management to spark some interest in ASOS.

Julian Dunkerton tried to do the same thing over at Superdry (SDRY) and that didn't end well either.

[wolfofhounslow] 18/4/2024 20:56

Shein is believed to be amongst the retailers still looking to buy Topshop from Asos.Asos is said to have garnered "non-stop interest" from a number of high-profile retail companies, according to The Times, including fresh interest from Authentic Brands Group (ABG), the owner of Ted Baker, which plunged into administration last month.Asos bought Topshop, alongside its sister brands Miss Selfridge and Topman, from Arcadia Group in 2021 for £330m.The retailer was last year said to have been mulling a sale of Topshop in attempts to reduce its growing losses and debts.

[ajseabright] 18/4/2024 19:08

I wish I was in at 50. That's allot of dosh to make.Nope have never owned a share in ASos but I am in BooHoo.What's your thoughts on the new directors.Great news right? More good news to follow

[ajseabright] 18/4/2024 19:06

Sorry mate shorts are down in case you missed my earlier message.What do you take on the new directors?More good news after yesterday.Thanks for the compliment x

[ajseabright] 18/4/2024 19:05

Ah nice one Seed.We all know your position mate we just want you to admit it to yourself.Love hi reading my postsBig love and respect

[seedoftongo] 18/4/2024 17:51

That’s right .
Has Qanny influenced anyone … at all … ever? when it comes to matters financial .

Qanny Wolfie Aj and the gang who have been in this since over £50 ….

All financially dead 💀.

[throgmortonstreet] 18/4/2024 17:03

shorts up ?

shorts down ?

Nobody makes investment decisions based on anything you post CLOWN BOY

[qantas] 18/4/2024 16:51

Shorts going higher and doomed to failure at 6.41%



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

[seedoftongo] 18/4/2024 16:29

AJ , I was mocking Wolfie .
It’s funny to do that on here .
Wolfie is one of the whipping boys of ADVFN ASC.
I wasn’t talking about any position I may or may not have .

Try not to ask questions in such an inquisitive nosey parker manner and you may get the response you desire .

[wolfofhounslow] 18/4/2024 16:22

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.

[qantas] 18/4/2024 15:34

Bright no point asking them as they will never tell you.

Just trust your gut feeling.

Shorts doomed to failure.

Hello Kitty say Hodl Yoda.

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

[ajseabright] 18/4/2024 15:09

Nice one seed.Why are you here mate?Long?Short?Paid pumper?