Asos Share Discussion Threads

[maloneyt] 24/3/2016 10:50

If they were not or are not buying from Next, then clearly they were or are buying from ASOS.......simple

[hosede] 18/3/2016 13:33

Maloney - No I think he's right! £4 would probably be about right - 10 x Earnings

[maloneyt] 17/3/2016 09:45

Tree shake taking place before the Interim results. Don't give them your shares at this price

[saturn5] 13/3/2016 08:26

well at lest we have not lost £79 M

[maloneyt] 11/3/2016 15:00

Don't you mean over £40 nc. I wonder when the shorts will be closing

[netcurtains] 11/3/2016 06:46

Lets hope another up day today. We need to get over £4 - this share is miles too cheap for a company that could dominate global fashion.

[williemanjaro] 09/3/2016 18:07

Workaholics ....the Supergroup Chief and ASOS Ex Chief---hopeless with their private life's.

Asos chief told to give ex-wife £70m in divorce cash fight
Founder of online fashion retailer had argued his former wife should get about £30m of assets - she wanted nearly £110 million

[saturn5] 09/3/2016 12:53

look 22 brokers back asos

16 say buy and 5 say hold


Next price is £40 and then £45 so it could be worth banking
your money here

However Panr is a fantastic investment.
The placing at 115 was oversubscribed twice.

It could be worth buying NOW

Malcys blog sums this up

[maloneyt] 09/3/2016 09:45

Here Here netcurtains

[netcurtains] 09/3/2016 09:22

harebridge: Pull & Bear parent has a market cap of €92bn - miles and miles higher than ASOS. ASOS has hardly started! You're knocking a greate british company even before its got off the running tracks to take on the world. Come on ASOS lets smash the doubteres

[maloneyt] 26/2/2016 13:43

Come on asos. This looks like its heading back to £40 by the time of the next results announcement, if not before. watch out shorters !!!!!!!

[saturn5] 25/2/2016 09:30

I think we should get good news soon
Is it AGM on 12/3/16

Meanwhile look at PANR for recovery

[netcurtains] 23/2/2016 18:33

MT: Another possibility is that it could be connected to currency fluctuations, Perhaps they are in ASOS's favour at present. I'm hoping for a perfect storm of FTSE recovery, ASOS stonking results, and great "news" concerning ASOS (eg some other grand venture of some sort)

[maloneyt] 23/2/2016 15:38

SP up on a market down day? whats up, who is buying then I wonder. clearly some good news is coming, lets hope so

[netcurtains] 23/2/2016 12:44

so far so good!

[netcurtains] 22/2/2016 12:17

there appears to be a bit of a rally. Perhaps the market thinks we're at the bottom and the only way left, generally speaking, is up, unless any bad news , of course.

[maloneyt] 19/2/2016 12:52

Shoppers seem to be doing more of their buying online with the value of online sales increasing by 10.4% in January 2016 compared with January 2015 and increasing by 2.7% on December 2015.

How about that then.should be good results for ASOS

[netcurtains] 18/2/2016 07:17

Topshop group have a turnover of about £3 billion, so ASOS has loads of growing room to reach that figure and surpass it.

Currently it has a turnover of about £1.5 billion and a market cap of about £2.7.
In 2012 Topshop group was valued at about £2Billion - assuming its moved on somewhat in 4 years its probably worth in access of £3 billion. I can easily see a day when ASOS becomes significantly bigger than Topshop (this does not mean it will, just that its easy to envisage).

[moorsie2] 17/2/2016 20:24

no chance of a dividend!

They will only make 50m this year and the company is valued over 3Bn!!

[saturn5] 17/2/2016 15:24

Pay me a divi and I will fly as well even if only EASYJET

[maloneyt] 17/2/2016 15:13

You never know, with all this money they are making they may pay a dividend, in which case the share price will fly

[moorsie2] 17/2/2016 11:37

Looking at 1st quarter reported results - sales growth was inline i.e. 22% growth. But gross retail margins were down at40 basis points 0.4% - this would equate to 5M profit less if carried through all year.

So lets assume that the operational efficiencies do happen as planned in the above numbers, the sales growth happens as in the 1st quarter and in the above projections and the 0.4% margin erosion happens all year then profit would be 53.5M - i.e. an increase in 6M profit on 241M increase in sales.

I.e. a 2.5% return on the additional sales (and this is assuming manufacturing efficiencies and no bad news!)

Anyone else feeling a little bit sick???

[moorsie2] 17/2/2016 11:14

Here's the numbers


31-Aug-14 Sales 975.47M Pre tax profit 46.90 EPS 44.60p P/E 63.5
31-Aug-15 Sales 1,150.79M Pre tax profit 47.53 EPS 44.40p P/E 67.4

Forecast


31-Aug-16 Sales 1,391.65M Pre Tax Profit 58.58 EPS 54.50p P/E 60.5


So at 2700 it is on a P/E of 67 and even if it makes the sales the projected sales and profit growth forecasted to the end of Aug 2016 it will still be on a P/E of 60 at today's price

Pricy!!! Not for widows or orphans this share!

[moorsie2] 17/2/2016 10:56

My valuations are based on profit and then P/e multiples. This is the old fashioned way to value a company. The long term (100 years plus) average of companies valued on the global stock markets is a P/e of 18. Meaning that it will take 18 years of profit to payback the price you have to pay for the share today


Now , granted - dot.com shares challenged this valuation - i.e. amazon never made a profit for a very long time etc. It was valued on growth, market dominance and potential future earnings due to healthy profit margins foreseen.

Back to ASOS - it cannot be valued like Amazon as it has not changed any market - simply its selling clothes on line, nothing more. Moreover its margins are wafer thin (4%?) and has been diluting as the company tries to fuel more sales growth. Moreover this market is notoriously cut throat and no foresees margins in this business model improving. Therefore the only way P/e can be justified over 18 times is if the sales growth is so huge and multiplying over the coming years and it is unlikely to slow down never mind go flat or backwards that's a premium could be justified on the P/e.

I am not with my numbers at the moment but I believe even at 2700 p/s is still 50+ times - so way too pricy and risky for me in normal markets. In this present market is a exposed to shorters..