Asos Share Discussion Threads

[haveapunt1] 07/4/2020 19:09

@grec I don’t disagree but there are shortly going to be 18.8% more shares in issue when you look at the current share price I can’t see it holding £15 with nearly 20% more shares coming to market

That’s a LOT

[greco600] 07/4/2020 19:08

It's actually a maximum of 18.8% but currently unknown amount

[greco600] 07/4/2020 19:07

It's a quicker option. Financial position is robust. Tomorrow we will see but I think this company is worth alot more than current mc

[haveapunt1] 07/4/2020 19:07

“ The company confirms that it is close to finalising a potential equity issuance and extension to its debt facilities," the group stated.”

Yeah 20% DILUTION

[greco600] 07/4/2020 19:05

NewsASOS Works On Equity Issue Amid Strong Interim Performance(Alliance News) - ASOS PLC said Tuesday it has made a strong performance over the first half of ...Alliance News7 April, 2020 | 4:46PM??????(Alliance News) - ASOS PLC said Tuesday it has made a strong performance over the first half of its financial year, as it moves closer to a potential equity issue and extension of its debt facilities.Shares in ASOS rose 32% on Tuesday in London, closing at 1,534.50 penceThe online fashion retailer said its performance for the six months to the end of February was strong, with sales growth in excess of 20% as the strong momentum over the peak period continued into January and February.ASOS said this has led to a strong first half profit and earnings before interest and taxes margin."Whilst the company's financial position remains robust, the duration and impact of the Covid-19 related crisis remains uncertain and ASOS wants to ensure it can weather and exit the current trading environment in a position of strength. The company confirms that it is close to finalising a potential equity issuance and extension to its debt facilities," the group stated.

[greco600] 07/4/2020 18:55

They are getting the cash more as a back up as this whole covid situation is unknown so the money will still be there on balance sheets, I actually think the shares will go up as it's adding extra security an enabling the company to keep cutting costs.

[haveapunt1] 07/4/2020 18:54

Hahah 30 tomrorow so double mcap with 20% dilution too.

What planet are you living on.

Can I have whatever your smoking!

This is going £10-£13. I’m just shocked the market didn’t mark it down even more given the heads up was given on the RNS at 4pm

[hotaimstocks] 07/4/2020 18:52

20% diluton is on its way

[peteret] 07/4/2020 18:51

30.00 tomorrow

[wall street trader] 07/4/2020 18:43

What was the placing price?

[paulof2] 07/4/2020 18:34

Sh1984 I think you’re right that the 20-25% sales decline was likely priced in.

However 20% dilution is big and more debt.. rather you have shares in Asos right now than me! I’d imagine this will be a big wake up call for investors.

[billytkid2] 07/4/2020 18:28

Given the economic picture I’m actually pleased with that update. Let’s not forget stock has halved already to reflect this. Will be interesting to see placement levels. SSP Group placed stock at a level higher than the market price recently.

[haveapunt1] 07/4/2020 18:26

Priced the news? How do you work that out? Sales down, placing with 20% more shares being issued, and we are up 30%+ and you say “it’s priced in today!”

This is heading sub £10 tomorrow

20% dilution

[sh1984] 07/4/2020 18:24

hxxps://www.ig.com/uk/news-and-trade-ideas/berenberg-reiterates-buy-rating-for-asos-ahead-of-half-year-resu-200407

[sh1984] 07/4/2020 18:21

Will rise tomorrow, record results and sales only down for last 3 weeks. The share price has already priced the bad news. Expecting a nice rise tomorrow with shorters rushing for cover.

[ny boy] 07/4/2020 18:21

1000p! please let me have that price, sell me your shares!

[paulof2] 07/4/2020 18:16

Ouch, not good. Sales down, 19% more shares, more debt. Sub 10 looming I’d imagine.

[hotaimstocks] 07/4/2020 18:15

expect £10 after the RNS

[darrin1471] 07/4/2020 18:02

COVID-19 has had a significant impact since the end of H1

-- Demand has been significantly impacted since containment measures introduced; group sales down c.20%-25% in most recent three weeks of trading

[jamesto2] 07/4/2020 17:45

so BOOHOO have £200m and ASOS have zero cash ? bad day tomorrow folks

[jamesto2] 07/4/2020 17:41

I see this going the same way as NEXT as ASOS needs a total lock down & let staff live

[ny boy] 07/4/2020 17:39

What price for the equity raise?

[paulof2] 07/4/2020 17:38

Where have you seen £12?