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ASC Asos Plc

5.20 (1.36%)
01 Dec 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Asos Plc LSE:ASC London Ordinary Share GB0030927254 ORD 3.5P
  Price Change % Change Share Price Shares Traded Last Trade
  5.20 1.36% 387.30 932,042 16:35:18
Bid Price Offer Price High Price Low Price Open Price
385.90 391.70 391.00 371.50 382.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Womens Accesory, Spcl Stores 3.55B -223.1M -1.8723 -2.08 463.88M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:52:52 O 16,439 387.30 GBX

Asos (ASC) Latest News

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Posted at 03/12/2023 08:20 by Asos Daily Update
Asos Plc is listed in the Womens Accesory, Spcl Stores sector of the London Stock Exchange with ticker ASC. The last closing price for Asos was 382.10p.
Asos currently has 119,156,200 shares in issue. The market capitalisation of Asos is £463,875,087.
Asos has a price to earnings ratio (PE ratio) of -2.08.
This morning ASC shares opened at 382.80p
Posted at 02/12/2023 21:00 by greco600
6 months ago, so beginning of june.Look at the chart share price was slightly lower than current price......I think your desperate, hence the constant posting.An aggressive reply will further highlight this.Hilarious, hahaha
Posted at 28/11/2023 16:20 by qantas
Trolls with bits of egg.

Share price hammering up.

Please do your own research as always.
Posted at 08/11/2023 09:07 by qantas
UK boy want to know about shorting. (pure Gambling)

The risk of short selling
The risk with shorting is that while a price has a finite distance to travel to zero, theoretically speaking it has scope to rise infinitely high, creating infinite losses on a short position. When prices begin to rise, short sellers can get stuck in what’s known as a ‘short squeeze’. This happens when sellers try to close out their positions, and the flood of buy orders push prices higher and higher.

You need to be especially careful when shorting individual shares, as share prices can 'gap' suddenly – if you ended up on the wrong side of a short trade, it could amount to a substantial loss.

Please do your own research as always.
Posted at 04/11/2023 14:24 by wolfofhounslow
Sunniva Kolostyak: We had to wait an extra week for ASOS (ASC), our stock of the week, to reveal their earnings report. And yesterday, they showed quite significant losses. So, for this week's stock of the week, I'm joined by Jelena Sokolova, our senior analyst covering ASOS.Jelena, thanks for being here. You've looked at the earnings – revenue is down, the share price fell. What's going on?Jelena Sokolova: Yeah. So, as results and share price reactions suggest, the situation is still quite bleak. So, adjusted revenue is down 11%. And also, outlook was quite disappointing with still 5% to 15% expected revenue declines for the next year. That was quite badly taken by the market and also a disappointment for us.Kolostyak: So, ASOS is one of the most undervalued stocks in Morningstar's coverage. And upon these earnings, you adjusted the fair value estimate to about £13. The stock is trading at about £3, £4 at the moment. What makes you believe that it has room to grow?Sokolova: Yeah. So, currently, the company is going through troubles, obviously, but I think, there is still potential with increased online penetration for European apparel overall. The stock is trading on absolute levels quite cheaply at 0.3 times revenue. So that suggests continued weakness and declines. And something that we don't factor in, but maybe also of consideration for investors that it could become an acquisition target with, for instance, SHEIN being quite active on that front. It's not something that we factor into our forecasts, but that's sort of an additional thing to mention about ASOS.Kolostyak: So, back to the report then. Was it very bleak altogether or were there any bright spots to kind of highlight for investors who are maybe a little bit more worried?Sokolova: Yeah. So, on the good side, they are taking some action to improve the situation. So, currently, the results are not showing yet in their revenue and profits. However, on the inventory side, the inventory has declined by around 30%. An improvement of supply chain is upcoming, and we see some indications of improving results here. Another thing that I would like to mention that they are focusing on their more profitable orders and that kind of hits the revenue growth, but it is good for profitability. And finally, we're also concerned that decreased marketing spending would hurt the online penetration and online growth going forward from all these firms. However, we are encouraged also yesterday that they mentioned that they will increase their marketing budgets going forward to attract new customers to this improved supply chain value proposition. The only thing is that the results are still not there. So, I guess, the market needs to see some evidence of this actually paying off.Kolostyak: Well, Jelena, thank you very much for coming to the studio and giving your summary. For Morningstar, I'm Sunniva Kolostyak.
Posted at 01/11/2023 09:47 by qantas
Wed 1 Nov 2023

(Sharecast News) - London stocks edged up in early trade on Wednesday, helped along by well-received updates from the likes of Next and GSK, as investors awaited the latest policy announcement from the US Federal Reserve.
At 0830 GMT, the FTSE 100 was up 0.3% at 7,340.05.

Susannah Streeter, head of money and markets at Hargreaves Lansdown, said: "All eyes will be on the Fed later, as policymakers decide on interest rate policy, and while the pause button is expected to remain pressed, the possibility of another rate hike is set to remain on the table. Fed Chair Jay Powell's comments will be closely scrutinised for indications of just how long rates are set to stay higher, given the resilience of the US economy.

"Equities have rallied in the last few sessions, but renewed wariness is set to slink in on Wall Street ahead of the rates decision."

Market participants were digesting the latest data out of China, which showed that the manufacturing industry contracted in October for the first time in three months.

The Caixin manufacturing PMI fell to 49.5 last month from 50.6 in September, surprising analysts who had expected a pick-up to 50.8.

Readings above 50 indicate expansion, while readings below signal a contraction in activity. This was the first contraction recorded since July.

Manufacturing production saw a renewed fall, with companies linking cuts in output to muted sales, particularly from abroad, Caixin said. Purchasing activity also fell as firms made greater usage of current stocks to help control costs. Manufacturing employment also continued its recent decline, with the employment sub-index falling to its lowest since May.

Meanwhile, input cost inflation increased to a nine-month high, with firms citing higher prices for raw materials and oil.

"Overall, manufacturers were not in high spirits in October. Supply, employment and external demand all fell, while domestic demand expanded at a slower pace. Costs and output prices both rose, purchases fell, and inventories of finished goods increased. Business optimism continued to wane," said Caixin economist Wang Zhe.

"Many of China's economic data for the third quarter exceeded market expectations. Consumption, especially in the services sector, is resilient. The economy has showed signs of bottoming out, but the foundation of recovery is not solid. Demand is weak, many internal and external uncertainties remain, and expectations are still relatively weak."

On home shores, the latest survey from Nationwide showed that house prices unexpectedly rose in October amid "constrained" supply.

House prices ticked up 0.9% on the month following a 0.1% increase in September, beating expectations for a 0.4% decline.

On the year, house prices were down 3.3% in October following a 5.3% slump in September.

The average price of a home now stands at £259,423.

Nationwide chief economist Robert Gardner said that nevertheless, housing market activity has remained "extremely weak", with just 43,300 mortgages approved for house purchase in September, around 30% below the monthly average prevailing in 2019.

"This is not surprising as affordability remains stretched. Market interest rates, which underpin mortgage pricing, have moderated somewhat but they are still well above the lows prevailing in 2021," he said.

"The uptick in house prices in October most likely reflects the fact that the supply of properties on the market is constrained. There is little sign of forced selling, which would exert downward pressure on prices, as labour market conditions are solid and mortgage arrears are at historically low levels."

In equity markets, Next was the standout gainer on the FTSE 100 after the retailer boosted its full-year guidance as third-quarter trading beat internal expectations. The fashion retailer said full-price sales in the three months to 28 October rose 4% year-on-year, £23m ahead of earlier guidance for 2% growth.

Next increased its full-year guidance for pre-tax profits by £10m to £885m. It also upped its forecast for full-year sales, which are now expected to be 3.1% stronger at £4.74bn on the assumption full-price sales remain 2% higher for the rest of the year. Next previously forecast full-year sales growth of 2.6%.

Marks & Spencer also gained.

Please do your own research as always
Posted at 18/10/2023 12:34 by jackson83
SONANDAR share price crashed over 30% on bad news

asos share prices holding up well lads
Posted at 27/9/2023 11:42 by wolfofhounslow
#ASC rumours: "Interesting take on #ASC last night at dinner with some city folk. Seems the Turkish bid a last year that was rejected was Saudi backed. The sports washing agenda they are undertaking is high stake bet they truly believe in...they see merchandise tie ups as a major factor and with Frasers buying up Asos they see it as a potential distribution arm for Saudi sports merchandise. Interesting if they do go on for a bid based on its current share price "
Posted at 04/9/2023 18:57 by factsandfigures
🤣🤣🤣 You LOSERS are always so predictable.🤣;🤣🤣

Always SILENT and VANISHING when the share price falls

only reappearing when the share price rises.
Posted at 04/9/2023 07:49 by factsandfigures
🤣🤣🤣 You LOSERS are so predictable.🤣;🤣🤣

Always SILENT and VANISHING when the share price falls

only reappearing when the share price rises.
Posted at 28/8/2023 06:00 by ukneonboy
I'm always happy to educate you LOSERS !!!

In simple terms, Put Options and Call options are types of financial derivatives.

If you sell Put options, you are contractually obligated to buy shares at a pre-agreed strike price at some point in the future. This is called the contract date.

Sellers of Put options will automatically lose money if the underlying share price falls, simply because they are contracted to buy the underlying shares at the strike price, but can then only sell those shares at a lower price.

Conversely, Sellers of put options will only make money if the share price rises, because the counterparty to the transaction, (ie the Buyers of those Put options) will not exercise those Put options.

Put simply, buyers of Put options are in effect buying an insurance policy that gives them the right to sell those shares at an agreed price in the future.

The other side of the coin is, that Sellers of Put options are in effect taking on an open-ended or unlimited liability to buy those shares.

What isn't clear from the R.N.S statement is exactly what the strike price is for the Put options that Frasers Group / Mike Ashley have sold, on ASOS.

We know the quantities of shares involved, and we know the expiry dates for these contracts but we don't know the actual strike price.

Asos share price data is direct from the London Stock Exchange

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