Asos Share Discussion Threads

[dealy] 17/10/2022 10:45

low volume. fundamentally the company is a strong player in a weak market. the company has a lot of cost cutting options. the shares likely to recover from here

[john09] 17/10/2022 10:17

Fucjing hell is that bull guy still going on. Filtered

[buy2sell1] 17/10/2022 10:16

Delayed Final Result !!

Crisis talks with its Lenders !!

Trade insurers walking away !!

[bulltradept] 17/10/2022 10:14

"Why should you care that i care about thinking that he cares that im interested in his trade…."

Well you do care, otherwise you wouldn't have posted about it, you moronic baboon!

[deanmatlazin] 17/10/2022 10:02

1) Company-compiled consensus as of 15 July 2022 for 12 months ended 31 August 2022

Total Sales Growth in the range of 0.3% to 6.3% [Consensus: 3.2%]
Adjusted PBT in the range of GBP9m to GBP43m [Consensus: GBP28m]
Net Cash / (Net Debt) in the range of (GBP235m) to GBP101m [Consensus: (GBP77m)]


Forecast of net debt 77m BUT it was treble to $235m.

Can see this company will go bankrupt in the midst of recession by next year.

[buy2sell1] 17/10/2022 09:48

There are plenty of good reasons why the professional Hedge Funds & Wealth Managers have been short-selling ASOS and Boohoo shares.

[factsandfigures] 17/10/2022 09:46

ASOS IN CASHFLOW CRISIS AFTER INSURER CUTS COVER
================================================

Ongoing problems within its supply chain have pushed up costs and caused delays in deliveries, resulting in falling sales as shoppers gravitated back to high street stores.

Following on from the unexpected delay to the publication of ASOS's Full Year results, there are now fears of a cash crunch at ASOS after a leading credit insurer cut cover for its suppliers.

In recent weeks, Allianz Trade, formerly Euler Hermes, has reduced its insurance cover for ASOS's suppliers by more than half.

Credit insurance is a vital part of the retail supply chain, protecting suppliers against the risk of retailers going bust, between the point of accepting an order and payment being made.

Typically when cover isn’t available, suppliers tend to demand payment up-front, causing catastrophic damage to a retailer’s cashflow.

The cuts to insurance cover add to the problems piling up for new ASOS Chief Executive José Antonio Ramos Calamonte.

[tomboyb] 17/10/2022 09:45

Punted to 550 -

[john09] 17/10/2022 09:44

Why should you care that i care about thinking that he cares that im interested in his trade….

Bore off

[bulltradept] 17/10/2022 09:43

Well, (unfortunately), as this is a 'free' board he can post what he likes.

Why should you care?

Now, personally I'd rather this wasn't a free board and everyone paid to post, but that's just me.

[losses] 17/10/2022 09:43

Spot on... like I said keep buying the dips and come back in a few years time

[john09] 17/10/2022 09:36

Bull

Why would he post the trade this morning ? I cant be interested in something I’m not told about

[buy2sell1] 17/10/2022 09:36

and your point is what exactly ??

[sbb1x] 17/10/2022 09:31

Mkt cap 470m

[buy2sell1] 17/10/2022 09:31

Delayed Final Result !!

Crisis talks with its Lenders !!

Trade insurers walking away !!

[bulltradept] 17/10/2022 09:28

Why are you so interested in other's investment decisions? Strange.

[john09] 17/10/2022 09:25

The bid is 471p

The day low is 470p

So you are clutching at straws

[sbb1x] 17/10/2022 09:23

Bid up again :)

[john09] 17/10/2022 09:23

No chance weeks away from buying this . No reason to buy equities at the moment, period

[sbb1x] 17/10/2022 09:20

You not bought yet.. you might miss the bottom

[john09] 17/10/2022 09:19

Mate you havent been near the black since you bought an hour ago

Falling knife

[millennialinvestor] 17/10/2022 09:19

these go in the bottom draw for a year or so.

[sbb1x] 17/10/2022 09:19

Bid abd ask both up :)

[sbb1x] 17/10/2022 09:18

Ask moved back up to 480