Asos Share Discussion Threads

[albert zog] 10/4/2019 08:20

not a lot to get excited about in these h1 results ... this is a 'trust me' situation

[fuji99] 10/4/2019 08:09

Today shorters might burn.

[umitw] 10/4/2019 08:09

It is factored in already. Markets were expecting the results to be bad. Hence the drop from 80 pounds.

[asusasus] 10/4/2019 08:08

Wow I am pleasantly surprised. Fantastic but I don't understand how this can go blue with an 87 percent drop in profits!?

[umitw] 10/4/2019 08:06

It's only a small trading activity. Big buyers/ sellers are still absorbing the results IMO.

[global nomad] 10/4/2019 08:04

market seeing the growth and capex investment in the global future

[christh] 10/4/2019 08:03

Results are good.
The drop from £80 to the current level has factored in the profit changes.

£34 closing today...or £33 ....still strong

[global nomad] 10/4/2019 08:02

only a very small 3% drop on open and now positive....

[global nomad] 10/4/2019 08:02

you haven't lost anything until you sell. this is still a good long term investment. Don't look for the perfect bottom...look for a low enough price that you think will be exceeded in the near/medium term.

[umitw] 10/4/2019 08:02

TBH the share price is already down 50% so yes where is the bottom?

[damonbrooks45] 10/4/2019 07:57

But wheres the bottom? If we get to Dec '18 levels this morning I'll buy but could have multi day drop.

[asusasus] 10/4/2019 07:57

What the hell do I do now? I've lost my shirt!?

[costax1654x] 10/4/2019 07:56

Profit before tax looking bad

[global nomad] 10/4/2019 07:54

ready to top up if the share price drops considerably...

[umitw] 10/4/2019 07:51

Well well we are all bust this morning.this has now become a very long investment for me. -:)I think in the long term it will be fine. But now I don't know!

[fishking1] 10/4/2019 07:46

British online fashion retailer ASOS on Wednesday reported an 87 percent drop in pre-tax profit in the first-half, hurt by poor trade in the crucial run-up to Christmas and logistical hiccups as it entered the U.S. market.Pre-tax profit for the six months to end-February came in at 4 million pounds on sales up 14 percent to 1.31 billion pounds."Our performance across H1 has been disappointing and we are capable of achieving more," the company said in a statement. "We are confident of delivering a stronger performance in the second half."

[5chipper] 10/4/2019 07:38

Isn't this 'capex' just going to be an ongoing expense with ASC; in order to keep up to date in such a fast moving and fickle market

[damonbrooks45] 10/4/2019 07:36

Article was nearly spot on.
Pre tax profits down to just 4 million from 29.9 last year.
Not good at all in the short term

[christh] 10/4/2019 07:32

Results summary


-- Total sales grew at +14%
-- UK sales rose by +16%, and international sales by +12%
-- ASOS Design +5%, now annualising c.GBP1 billion; 3(rd) party
brand revenues +18%,
-- Retail gross margin down 60bps
-- PBT GBP4m, after c.GBP24m (H118: c.GBP11m) temporary transition
costs
-- Customer engagement: active customers(4) +16%, average basket
value -2%, order frequency(5) +4%
-- Total orders placed 34.4m, +15% year on year
-- US Hub operations stabilised
-- Net debt position of GBP37.9m, enhanced RCF facility of GBP220m


Guidance


-- No change to FY19 reported sales, EBIT guidance; c.15% and c.2%
EBIT margin respectively
-- No change to FY19 capex c.GBP200m, guiding to c.GBP150m in FY20
-- Year end net debt of c.GBP50m, returning to free cash flow positive
in FY20


Nick Beighton, CEO, commented:

"We grew sales by 14% despite a more competitive market. ASOS is capable of a lot more. We have identified a number of things we can do better and are taking action accordingly. We are confident of an improved performance in the second half and are not changing our guidance for the year.

We are nearing the end of a major capex programme. Whilst this has inevitably involved significant disruption and transition costs, the global capability it now provides us gives us increased confidence in our ability to continue to capture market share whilst restoring profitability and accelerating free cash flow generation.

Global online fashion is a growing, GBP220bn+ market. We now have the tech platform, the infrastructure, a constant conversation with our growing customer base who love our own great product and the constantly evolving edit of brands we present to them. We believe that ultimately there will only be a handful of companies with truly global scale in this market. We are determined that ASOS will be one of them"

[fishking1] 10/4/2019 07:25

ASOS first-half pre-tax profit down 87 percent year-on-year

[christh] 10/4/2019 07:12

Excellent results, will boost the sector and Boohoo too.
It could go back to £60 this year as the US and Europe market share grows, which it will as the platform is set up.

[zoro9791] 09/4/2019 18:08

Wait till the result will go long or short CFD .Swings either way predicated.

[asusasus] 09/4/2019 16:52

Bodes well for ASC the fact that DEB has gone to the wall.

[umitw] 09/4/2019 16:39

Debenhams collapsed!