Asos Share Discussion Threads

[factsandfigures] 08/9/2024 06:13

Jon Smith, the failed share ramper from London, posting on ADVFN and Motley Fool as WOLF of LOSERVILLE and QANTAS and WOLOLOL and AJ NOT VERY BRIGHT and RIVINGTON STREET and LOSSES is genuinely clueless
.
Apart from losing money, creating more ADVFN usermames and "copying and pasting" Jon Smith's limited financial acumen does not extend to very much..

He clearly doesn't know that EBITDA, or earnings before interest, taxes, depreciation, and amortization, only represents an alternate measure of profitability to net income.

However, the grim reality is that by excluding depreciation and amortization as well as taxes and debt payment costs, EBITDA only represents the cash profit generated by the company's remaining operations.

The one thing that is absolutely guaranteed is that ASOS has now signalled that there is a huge financial loss coming, relating to the disposal of the Topman and Topshop brands

Back in February 2021, ASOS paid out £265 Million to buy the Topman brand and the Topshop brand from the administrators of Philip Green's collapsed Arcadia group and due to ASOS's debt problems, it is now offloading and selling a 75% stake in both brands for about £135 Million.

Dissecting the numbers, ASOS shareholders should be bracing themselves for ASOS to deliver a SIGNIFICANT write-off of at least £65+ Million relating to this disposal.

[wolfofhounslow] 07/9/2024 18:53

Yes agreed good news.For FY24, ASOS expects adjusted EBITDA at the top end of consensus estimates,

[throgmortonstreet] 07/9/2024 18:44

Imposing extra charges for Returns didn't end well for Boohoo and it won't end well for ASOS.



Its easy to see why you LOST all your money on Superdry shares, Boohoo shares, ASOS shares, THG shares and Ocado shares,

[wolfofhounslow] 07/9/2024 18:21

For FY24, ASOS expects adjusted EBITDA at the top end of consensus estimates,Good news from ASOSExplains why shorters busy over the weekend lol

[wolfofhounslow] 07/9/2024 18:20

Excellent news from AsosAll helps with the margins!

[throgmortonstreet] 07/9/2024 18:18

Jon Smith (pictured above) after being told that ASOS are going to start charging customers £3.85 to return clothing.

[throgmortonstreet] 07/9/2024 16:10

LOSS MAKING CLOTHING RETAILER, ASOS, TO START CHARGING CUSTOMERS FOR RETURNS
=============================================================================

Coming into effect from 8th October 2024, ASOS will be imposing a £3.85 charge for returns.

Most customers who order from ASOS, typically fall into the Gen Z or millennials categories and are highly critical of this additional cost, stating they have no choice but to return garments as the brand's sizing is both inconsistent and unreliable.

A huge backlash has erupted across social media platforms.

Angry customers posting on X (formerly Twitter) have all been saying the same thing about ASOS clothes:

"These online stores need to get a grip – people are returning clothes because ASOS sizing is rubbish and we can't try clothes on before we buy."

Another customer posted: "If ASOS don't want returns, they should open physical stores."

In recent years, ASOS has seen its popularity decline and its sales fall due to increased competition from fast fashion rivals SHEIN and TEMU, who offer similar products at much lower prices with FREE returns.

[throgmortonstreet] 07/9/2024 14:49

Jon Smith (pictured above) after being told that ASOS are going to start charging customers £3.85 to return clothing.

[wolfofhounslow] 07/9/2024 14:32

For FY24, ASOS expects adjusted EBITDA at the top end of consensus estimates,

[wolfofhounslow] 07/9/2024 14:32

Disclosed short positions (over 0.5%) in ASOS PLC:GSA Capital Partners LLP 0.59% -0.10% 2 Sep 2024LMR Partners LLP 0.55% -0.67% 5 Sep 2024Qube Research & Technologies Limited 0.82% -0.27% 5 Sep 2024Total 2.85%htTPs://shorttracker.co.uk/company/GB0030927254/

[robertbarns1] 07/9/2024 12:50

this was 3p in 2003

[throgmortonstreet] 07/9/2024 12:33

JON SMITH, our resident failed share ramper and serial LOSER from London (posting as LOSSES and QANTAS and WOLF of LOSERVILLE and WOLOLOL and AJ NOT VERY BRIGHT and RIVINGTON STREET) is clearly DESPERATE to try to bury the ASOS bad news.

GUESS WHAT DIPSTICK, YOU ARE GONNA HAVE TO TRY MUCH HARDER, BECAUSE ASOS IS GETTING ABSOLUTED PANNED ON X (TWITTER)

[wolfofhounslow] 07/9/2024 11:21

For FY24, ASOS expects adjusted EBITDA at the top end of consensus estimates,

[factsandfigures] 07/9/2024 11:17

Cheer up LOSER BOY, this ASOS RETURNS FEE news isn't just on X (formerly Twitter) it's now made it into the tabloid newspapers.

SHEIN and TEMU must be rubbing their hands in delight, and its equally good news for bricks and mortar clothing retailers like PRIMARK and MATALAN and all the supermarkets that sell clothes, including ASDA, TESCO, J SAINSBURYS and W MORRISONS.

[smart solution] 07/9/2024 11:13

Big gap up Monday

[wolfofhounslow] 07/9/2024 11:09

For FY24, ASOS expects adjusted EBITDA at the top end of consensus estimates,

[wolfofhounslow] 07/9/2024 11:09

Disclosed short positions (over 0.5%) in ASOS PLC:GSA Capital Partners LLP 0.59% -0.10% 2 Sep 2024LMR Partners LLP 0.55% -0.67% 5 Sep 2024Qube Research & Technologies Limited 0.82% -0.27% 5 Sep 2024Total 2.85%htTPs://shorttracker.co.uk/company/GB0030927254/

[factsandfigures] 07/9/2024 11:05

As soon as I read this, I knew Jon Smith posting as QANTAS and WOLF of LOSERVILLE and WOLOLOL and AJ NOT VERY BRIGHT and RIVINGTON STREET and LOSSES would go into absolute meltdown........ and I was right again !!



LOSS MAKING CLOTHING RETAILER, ASOS, TO START CHARGING CUSTOMERS FOR RETURNS
=============================================================================

Coming into effect from 8th October 2024, ASOS will be imposing a £3.85 charge for returns.

Most customers who order from ASOS, typically fall into the Gen Z or millennials categories and are highly critical of this additional cost, stating they have no choice but to return garments as the brand's sizing is both inconsistent and unreliable.

A huge backlash has erupted across social media platforms.

Angry customers posting on X (formerly Twitter) have all been saying the same thing about ASOS clothes:

"These online stores need to get a grip – people are returning clothes because ASOS sizing is rubbish and we can't try clothes on before we buy."

Another customer posted: "If ASOS don't want returns, they should open physical stores."

In recent years, ASOS has seen its popularity decline and its sales fall due to increased competition from fast fashion rivals SHEIN and TEMU, who offer similar products at much lower prices with FREE returns.

[wolfofhounslow] 07/9/2024 09:57

WALLER: IMPORTANT TO START RATE CUTS AT NEXT FED MEETING*FED'S WALLER: CURRENT BATCH OF DATA 'REQUIRES ACTION'*WALLER SAYS HE IS OPEN-MINDED ABOUT SIZE AND PACE OF RATE CUTS*WALLER: INFLATION ON PATH TO ATTAIN FED'S 2% TARGET*FED'S WALLER SEES MORE RISK TO EMPLOYMENT THAN INFLATION*WALLER: JOBS MARKET CONTINUES TO SOFTEN BUT NOT DETERIORATE*WALLER: PROSPECTS FOR CONTINUED GROWTH AND JOB CREATION GOOD*WALLER: UNEMPLOYMENT HAS INCREASED MOSTLY DUE TO ADDED SUPPLY

[qantas] 07/9/2024 09:20

Shorts closing now at 2.85&

[wolfofhounslow] 07/9/2024 08:41

Topman ASOS is pleased to announce that, following an initial unsolicited offer and a competitive sale process, it has today entered into a binding agreement with a subsidiary of HEARTLAND A/S ("HEARTLAND") to form a new joint venture (the "Joint Venture") which will purchase the Topshop and Topman ("TSTM") brands (the "Transaction"). HEARTLAND (through its subsidiary, AKTIESELSKABET AF 24.8.2024 (the "HL Shareholder")) will hold a 75% interest in the Joint Venture in consideration for £135m, representing a total valuation of £180m for the TSTM brands. The remaining 25% in the Joint Venture will be held by ASOS Holdings Limited ("AHL"). AHL will have the right, at its sole discretion, to sell a further 5% interest in the Joint Venture to the HL Shareholder for £9m. After transaction fees, and pro-rata payment to Nordstrom International Limited ("Nordstrom") of its share of the consideration, this represents c.£118m net cash consideration for ASOS, which will be used to strengthen ASOS' balance sheet. HEARTLAND is an investment and holding company representing the interests of the Holch Povlsen family, and their family business BESTSELLER. HEARTLAND has invested in a diverse portfolio of companies including ASOS, while BESTSELLER operates an extensive wholesale and retail business with more than £4bn sales across its channels including c.2,800 retail stores in over 30 countries. The Joint Venture will grant ASOS certain design and distribution rights for the TSTM brands in return for a royalty fee to enable it to continue marketing and selling the TSTM brands online. For FY25, the Transaction is expected to have a £10-20m negative impact on EBITDA and to be increasingly EBITDA accretive over time. The Transaction is subject to customary antitrust approvals and completion of the Transaction ("Completion") is expected to occur in Q4 2024. The Board unanimously believes the Transaction is in the best interests of ASOS shareholders as a whole, as well as customers, and ASOSers, for the following reasons: · The Transaction ensures that ASOS customers will continue to benefit from access to Topshop and Topman products, alongside ASOS' £1bn+ revenue own brands business and c.900 partner brands.· The sale of a 75% stake in the Topshop and Topman brands aligns with ASOS' renewed focus on allocating capital more efficiently, thereby accelerating ASOS' core Back to Fashion strategy.· As part of the Transaction, ASOS intends to re-launch Topshop.com within 6 months of completion.· The new Joint Venture has the opportunity to expand Topshop and Topman's customer reach through selected wholesale partners - both online and offline - to bring customers globally the best that the brands have to offer.· The sale proceeds will significantly strengthen the Company's balance sheet, while retaining a stake in the TSTM brands (through the Joint Venture) ensures that ASOS can participate in the future growth potential of Topshop and Topman. It is the Board's intention to use the net proceeds from the Transaction to substantially increase the balance sheet strength and flexibility of the Company. By virtue of HEARTLAND's 28% indirect shareholding in ASOS, HEARTLAND is considered a related party of ASOS under the Listing Rules. The board of ASOS (the "Board"), which has been so advised by J.P. Morgan Cazenove, acting in its capacity as sponsor in relation to the related party transaction, considers that the Transaction is fair and reasonable as far as ASOS shareholders are concerned. The Transaction also constitutes a significant transaction under the Listing Rules. 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. José Antonio Ramos Calamonte, Chief Executive Officer, ASOS, said:"We're pleased to be making this announcement today which is an important step in ASOS' continued transformation. The joint venture and the launch of the refinancing will accelerate our strategy to both offer customers the best and most relevant product and to turn ASOS into a company that delivers sustainable, profitable growth. Topshop and Topman have made good progress since we acquired the brands in 2021. The new JV with HEARTLAND is testament to the brands' potential and the partnership will help bring Topshop and Topman to more customers globally. ASOS will continue to focus on what we do best - designing the best fashion and providing a destination for style. Through the Joint Venture, new opportunities, both online and offline, can be explored and we are excited to continue to be part of the brands' future while also realising the best value structure for ASOS shareholders today."

[wolfofhounslow] 07/9/2024 08:41

Disclosed short positions (over 0.5%) in ASOS PLC:GSA Capital Partners LLP 0.59% -0.10% 2 Sep 2024LMR Partners LLP 0.55% -0.67% 5 Sep 2024Qube Research & Technologies Limited 0.82% -0.27% 5 Sep 2024Total 2.85%htTPs://shorttracker.co.uk/company/GB0030927254/

[incontentinance] 07/9/2024 07:11

SBB1X , the guy that used to be called weetabix makes a post .
Clearly he has these in the bottom drawer after buying well above £15/£20 etc .

Weetabix , the cereal loser .