Asos Share Discussion Threads

[millennialinvestor] 05/9/2024 10:19

Looks like rentboy has been destroyed here.

[upwego] 05/9/2024 09:57

wait till US opens this will fly.

[losses] 05/9/2024 09:24

Love the smell of shorts burning

[upwego] 05/9/2024 09:16

£10 a share coming back.

Good old days are back.

[thunders] 05/9/2024 09:08

This is on fire now! Using AI cutting age technology!

[upwego] 05/9/2024 09:06

shorts closing and institutions buying with retail, shorters being toasted :)

[qantas] 05/9/2024 09:05

Hammering up 16.10%

Capitulation no stock available in required quantities

[upwego] 05/9/2024 09:01

institutions mopping up!

Nice!

[qantas] 05/9/2024 08:25

Shorts with unlimited losses due no shares available to buy back in the required quantities.

[wolfofhounslow] 05/9/2024 08:17

FY24 Trading Update ASOS has made good progress on its Back to Fashion strategy, focused on bringing the best fashion and most inspirational experience to its twenty-something fashion-loving customers and delivering sustainable, profitable growth. For FY24, ASOS expects adjusted EBITDA at the top end of consensus estimates, sales slightly below guidance, and all other guidance as set at FY23 year end remains unchanged, subject to the impact of the Transaction. ASOS intends to update on its strategy and financial guidance at its full year results in the coming months. H2 saw continued progress on Back to Fashion strategic priorities to make ASOS faster, more agile and more profitable:· Improving our speed to market: Test & React, which brings product from design to site in less than 3 weeks, has reached its target for c.10% own-brand sales by end of FY24.· Flexible models continue to scale: Partner Fulfils now accounts for >4% GMV across c100 brands, bringing customers even greater breadth and depth of products.· Reducing the cost to serve: Using AI technology, personalisation and improved imagery, ASOS has improved the customer experience and reduced total and underlying returns rate year-on-year. These actions enable ASOS to continue to make free returns available to all customers in all our core markets, including:o Improvements to sizing and how clothing and accessories are displayed on product pages, including greater use of videos and 360 imagery;o Introducing AI to better understand and address reasons for return, creating a feedback loop for improvement; ando Introducing a net order threshold for free returns for customers with excessive returns in France, Germany, and the US earlier in the year. A similar approach is currently being rolled out in the UK.

[wolfofhounslow] 05/9/2024 08:17

Yeah you did weirdo

[robertbarns1] 05/9/2024 08:16

i sold out at 425p

[blackhorse23] 05/9/2024 08:08

Not a such thing core profit lol

[blackhorse23] 05/9/2024 08:08

Pumping for dumping ??

[qantas] 05/9/2024 07:37

Hammering up 423.80 amazing capitulation and such a small amount has been re purchased.

Hello Kitty says Hodl Yoda to infinity and beyond.

[wolfofhounslow] 05/9/2024 07:25

FY24 Trading Update ASOS has made good progress on its Back to Fashion strategy, focused on bringing the best fashion and most inspirational experience to its twenty-something fashion-loving customers and delivering sustainable, profitable growth. For FY24, ASOS expects adjusted EBITDA at the top end of consensus estimates, sales slightly below guidance, and all other guidance as set at FY23 year end remains unchanged, subject to the impact of the Transaction. ASOS intends to update on its strategy and financial guidance at its full year results in the coming months. H2 saw continued progress on Back to Fashion strategic priorities to make ASOS faster, more agile and more profitable:· Improving our speed to market: Test & React, which brings product from design to site in less than 3 weeks, has reached its target for c.10% own-brand sales by end of FY24.· Flexible models continue to scale: Partner Fulfils now accounts for >4% GMV across c100 brands, bringing customers even greater breadth and depth of products.· Reducing the cost to serve: Using AI technology, personalisation and improved imagery, ASOS has improved the customer experience and reduced total and underlying returns rate year-on-year. These actions enable ASOS to continue to make free returns available to all customers in all our core markets, including:o Improvements to sizing and how clothing and accessories are displayed on product pages, including greater use of videos and 360 imagery;o Introducing AI to better understand and address reasons for return, creating a feedback loop for improvement; ando Introducing a net order threshold for free returns for customers with excessive returns in France, Germany, and the US earlier in the year. A similar approach is currently being rolled out in the UK.

[wigwammer] 05/9/2024 07:24

"Selling loss making brands for a tiny fraction of the price originally paid by ASOS does NOT represent good value for shareholders."... I'm afraid that entirely depends on what is built into the asos valuation at the time of sale, and evidently that was not much. Hence the reaction.

[qantas] 05/9/2024 07:24

Trading at 424.80 up 14.4% deep fried shorts