Asos Share Discussion Threads

[losses] 20/10/2022 10:17

Keep buying dips

[buy2sell1] 20/10/2022 09:38

The one thing both ASOS and Boohoo definitely do have in common is,

ASOS and Boohoo have made the professional Hedge Funds and Wealth Managers that "short-sold" them very rich indeed

[wolfofhounslow] 20/10/2022 09:20

Asos got 4bn revenues compare to boo 2.2

[millennialinvestor] 20/10/2022 09:17

Cirlbunting1

Comparison can't be used using percentages, boo had a huge record breaking year last year which has skewed it's growth. average out the lines and youll see that the trend is still very much upwards. Compared to share price boo has much more upside than asc.

[factsandfigures] 20/10/2022 09:16

HOLDING SHARES IN RETAILERS DURING A RECESSION IS A MUGS GAME
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Just watch what happens to consumer spending when the next US and UK interest rate rises kicks in.



ASOS is expecting trouble ahead, because it said so, yesterday:

"ASOS expects a decline in the apparel market over the next 12 months"

[wolfofhounslow] 20/10/2022 09:07

Looking good here

[wolfofhounslow] 20/10/2022 08:49

Shorts will start closing now

[factsandfigures] 20/10/2022 08:21

In economic news, British shoppers are set to cut their festive spending by more than £4 Billion this Christmas as the cost of living crisis squeezes household budgets.

According to a report from consultancy Retail Economics and Metapack, 70% of all British shoppers were planning on cutting back on non-food spending "to some extent" in the last three months of this year.

Overall, British consumers are expected to spend £4.4 Billion less on luxuries and non-essentials, down 22% on the same period a year ago.

Usually the last three months of the year are crucial for all retailers, as consumers splash out on food, presents and homewares.

Richard Lim, the Chief Executive of Retail Economics warned:
“Inflation is set to peak at exactly the wrong time for retailers.”

“Consumers are concerned, household budgets are under pressure, and are cutting back this year as they struggle to make ends meet.”

“Against this weakening consumer backdrop, retailers are also facing a pincer movement of rising operating costs which is testing many business models to breaking point.”

[losses] 20/10/2022 07:57

DIRECTOR DEALINGS: Vistry CEO invests GBP2.8 million; Asos chair buys

[bluebear1] 20/10/2022 07:04

Asos director buys £2.8 mill shs @ £5.49.Expecting £35+ in 24months

[cirlbunting1] 20/10/2022 06:55

@millennial > according to BOO, recent results unfortunately tell another picture (interims).

- UK sales down 4%
- ROE down 2%
- USA down 29%
- ROW up 14%

comparing yoy

[wolfofhounslow] 19/10/2022 15:44

Shorters desperate

[factsandfigures] 19/10/2022 15:36

Just watch what happens to consumer spending when the next US and UK interest rate rises kicks in.

ASOS is expecting trouble ahead, because this is what it stated:

"ASOS expects a decline in the apparel market over the next 12 months"



Holding shares in Retailers during a recession is a mugs game. !!!

[losses] 19/10/2022 15:31

No heading back o wards and upwards for the next 2 months

[factsandfigures] 19/10/2022 14:57

The only thing growing exponentially at Boohoo is it's FINANCIAL LOSSES.

[millennialinvestor] 19/10/2022 14:21

boohoo is growing exponentially too

[cirlbunting1] 19/10/2022 14:13

Need to double check - but seems as if asc is the one of the only value fashion chains to increase sales yoy esp in the UK.

[buy2sell1] 19/10/2022 12:57

CASHFLOW ISSUES RESURFACE AFTER ANALYSTS QUERY TRADE INSURANCE WOES
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ASOS also didn't mention or address its problems with credit insurance and in particular with Allianz Trade, formerly Euler Hermes, which has reduced its insurance cover for ASOS's suppliers.

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

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.

[dealy] 19/10/2022 12:48

it mentions "agreed" in the opening bullet points

[debsdowner] 19/10/2022 12:27

ASOS will find it hard to gain market share this year and is clearly overvalued.

[technowiz] 19/10/2022 12:23

heading to £5 guys. wondering if to buy some back.

[dissentingvoices] 19/10/2022 11:53

I'm actually wondering why ASOS declined to comment on or mention the £350 Million Revolving Credit Loan facility, because the weekend leaked newspaper reports about ASOS's bankers having serious concerns and wanting to increase their collateral requirements does not appear to have been addressed.

Banking covenants - don't you just love them......... lol

[ukneonboy] 19/10/2022 11:43

Sending out massive congratulations to all of our City friends and our allies that have been short-selling ASOS shares for the last 2 years including.

ExodusPoint Capital Management

GLG Partners

Marshall Wace LLP

Marble Bar Asset Management LLP

AHL Partners LLP