Asos Share Discussion Threads

[sellhighandbuylow] 16/5/2024 16:22

Indian landfill might be the best place for all of ASOS's unsold and unwanted clothing, ha,ha,ha

[sellhighandbuylow] 16/5/2024 16:18

and a significant percentage of the population live on less than $1 per day

[wolfofhounslow] 16/5/2024 16:16

This can potentially give you double the uk and rest of the world sales alone , Reliance is the biggest company in India and they have the infrastructure !!

[wolfofhounslow] 16/5/2024 16:15

https://www.retailgazette.co.uk/blog/2024/05/asos-launch-india/

[wolfofhounslow] 16/5/2024 16:15

They never had any partnership with Reliance!!Asos is set to launch online and in-store in India as it signs a new licensing agreement with local retail company Reliance Retail.The fashion etailer said the long-term partnership will see Reliance Retail be the exclusive partner for the brand across all online and offline channels in the region.This includes the introduction of Asos' portfolio of own-brand fashion labels to the Indian market through a multichannel presence, such as exclusive brand stores, multi-brand store expressions, and digital commerce platforms.Asos said the deal was its first country-wide exclusive retail partnership.

[sellhighandbuylow] 16/5/2024 16:14

It didn't work for Boohoo PLC when they tried it, and it won't work for ASOS

[wolfofhounslow] 16/5/2024 16:10

Asos is set to launch online and in-store in India as it signs a new licensing agreement with local retail company Reliance Retail.The fashion etailer said the long-term partnership will see Reliance Retail be the exclusive partner for the brand across all online and offline channels in the region.This includes the introduction of Asos' portfolio of own-brand fashion labels to the Indian market through a multichannel presence, such as exclusive brand stores, multi-brand store expressions, and digital commerce platforms.Asos said the deal was its first country-wide exclusive retail partnership.

[wolfofhounslow] 16/5/2024 16:09

https://www.retailgazette.co.uk/blog/2024/05/asos-launch-india/

[one_frankel] 16/5/2024 14:27

Riv the Pa_kistani Div' likes to go to Dubai for his annual vacations folks and play with his extended family of 'Dirty Mullahs' on their camels sadly!

...Quite a life you lead buddy hehe!

[factsandfigures] 16/5/2024 13:42

foolishly Rivingtonstreet posted 16 May '24 - 13:30 - 34457 of 34458

"How about when business picks up or it gets bought out".


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Firstly, you need to learn to read and understand a set of Financial Accounts, and don't suggest that you can, because you clearly can't.

Secondly, there is no guarantee that business will pick up for ASOS, you are making a huge assumption that rivals SHEIN and TEMU will simply vanish, and that is not going to happen.

Lastly, pinning all your hopes on some sort of merger or acquisition is dangerous, and as there is nothing in the pipeline, that avenue can also be discounted.

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[qantas] 16/5/2024 13:37

Number 1 rent boy needs a new job.


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

[sellhighandbuylow] 16/5/2024 13:34

It's funny that when you've been PROVED wrong and when everybody else has been PROVED right, you resort to name calling and stating everybody is a narcissist.

It happened on ASOS and again on Boohoo and again on Currys and again on Superdry and again on THG

That's a lot of financial losses you've chalked up LOSER BOY !!

[rivingtonstreet] 16/5/2024 13:30

How about when business picks up or it gets bought out. Swivel on that dimlightBOY

[ukneonboy] 16/5/2024 13:30

ASOS Net debt, refinancing and liquidity
========================================

For the 26 weeks to 3 March 2024
=================================

Convertible bond (fair value of debt component) £471.1 Million

Term loan & RCF, including accrued interest £187.7 Million

Nordstrom loan £20.3 Million

Put option liability £2.0 Million

Borrowings £681.1 Million

Cash & cash equivalents (£332.3 Million)

Net debt (excluding lease liabilities) £348.8 Million


Source: ASOS

[ukneonboy] 16/5/2024 13:19

and what do you think happens when large financial losses are reported !!

[chatchat] 16/5/2024 13:07

page 110 of the annual report - net assets /equity attributable to the owmers of the parent £866.7m

That equity is after allowing for liabilities.

[ukneonboy] 16/5/2024 12:56

The point being made, is that ASOS shareholders should be extremely worried about the £500 Million Convertible Bond issue.

ASOS does not have a strong balance sheet, and given its huge losses over the last 2 years, it has few options available to deal with it.

Bond holders will inevitably want their money back and as for your laughable synopsis of ASOS having Net Assets of £900 Million, you are wrong !!!

Maybe your back of a cigarette packet calculations assume the Bond Holders will accept ASOS's piles of unsold clothing as part payment for getting their money back

[chatchat] 16/5/2024 12:46

Perhaps you had note noted

The bond has a coupon of 0.75% - it would be expected to trade below par given current interest rates. Google can provide lots of useful info on the interaction between bond values and movements in interest rates (if you wanted a weekend read).

2023 Balance sheet shows net assets 900m which is after taking off the liabilities which includes the loan. Granted the 900m includes goodwill but even if you write that off entirely - there are still assets c £1200m to cover the non current liabilities so suspect the options are not as limited as intimated.

[chatchat] 16/5/2024 12:44

UKNEON - are you plagiarising Throg's posts??

He wrote this on 12 Apr '24 - 14:47 - 33731 of 34450

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 current market capitalisation of only about £400 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."

[ukneonboy] 16/5/2024 12:34

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 current market capitalisation of only about £400 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.

[dafad] 16/5/2024 12:30

Interesting tie up with Relience Retail India

[throgmortonstreet] 16/5/2024 12:29

maybe you should have bought a bigger size then ??

[wolfofhounslow] 16/5/2024 11:10

Shorts in trouble