Asos Share Discussion Threads

[liquidkid] 30/6/2016 14:11

Capital Markets love in for analysts and (institutional) investors yesterday.

So retail punters are excluded yet again. like a scatty teenager GeldHeim couldn't even wait and had to upgrade the stock the day BEFORE their visit.

Why no trading statement? Every other company has put out a TS for their capital markets day but no not ASS.

And why delay the trading statement for a four month period till two weeks after the event!

This is what the analysts were asking when they were there;
Is it A.S.O.S (As Seen on Screen)? Is it ACE-SOSS? Or is it ASS-OS?

If they want to be grammaticly correct adverbs are not included so it should really be: ASS

[donaferentes] 30/6/2016 12:40

Are you sure they are net importers of goods.

If they buy all of their stock from abroad at wholesale prices and sell at a margin around 50%, around 50 % of their sales abroad.

So they buy £50 worth from abroad which they sell half at £50 abroad and half at £50 in UK - nil net foreign transactions.

I actually think they receive more in revenue than they spend in costs abroad, so low pound is good for the P&L.

Sorry, no time to research the actual arithmetic, but it is between around the breakeven mark and good news in structural terms, I think.

[donaferentes] 21/6/2016 18:10

What's set this one on fire?

[liquidkid] 14/6/2016 14:50

More Victorian sweatshop working practices uncovered...

ASOS warehouse workers face constant CCTV monitoring and threat of random
searches
One ASOS worker was suspended for refusing a search during her lunch break
a litany of complaints from other workers at the warehouse.

Indy Business @TheIndyBusiness

[liquidkid] 13/6/2016 13:58

How are the currency hedges going with the pound getting hammered like the BREMAIN polls?
The first half cost £40 million which they are never going to get back as it is tied in and booked against sales. So what is in store for the second half? This could get ugly.

[easwarareddy] 27/5/2016 11:41

Back to 4 pounds

[harebridge] 25/5/2016 17:48

Will Koovs plc and Boohoo.com plc ever match ASOS plc?ASOS (LON: ASC) has been of the AIM's best performers of all time. The stock has risen over 1,300% since early 2009 even after the 50% fall since February 2014. Koovs (LSE: KOOV) and Boohoo.com (LSE: BOO) are two smaller companies that have huge potential and could go on to challenge ASOS in the online fashion marketplace. Online retail sales are growing throughout the world and even in a 'mature' market such as the UK, online retail sales are up 10% year on year. Here are three pureplay online retailers that could be great growth companies to invest part of your portfolio in. Fashion giant The online fashion giant ASOS has been a fantastic success story for AIM in London. Like many other growth stocks, the company still trades on a high P/E of over 80 due to the good forward prospects of the company. Last month ASOS released interim results for the period to the end of February 2016. These results were very encouraging with profit before tax up 18% and group revenues up 21%. These results were followed by multiple broker recommendations with price targets of up to 4,800p. ASOS is focusing on its core markets such as the UK and it seems to be paying off as this year looks set to be good for ASOS too. Net profit is forecast to grow by £10m (27%) and if this target is hit, then expect shares to sharply rerate. Indian minnowKoovs is a very interesting play on the growing Indian fashion and e-commerce markets. The Executive Chairman and CEO were both on the ASOS board and the Chief Creative Officer was an ASOS Product Director. The business aim is to create the ASOS of India, selling western clothes to the youth population. In the most recent trading statement, the company said sales growth was 189% year-on-year and there are now over 1m registered users on the website. The company also recently completed a placing and raised £21.9m to fund business development and acquire the rest of the shares in Koovs India. Growing online playBoohoo is another online retailer set to impress. It sells own brand clothing in over 100 countries to customers between the ages of 16-24. Boohoo has performed well over the last few years and shares have doubled in just under a year. This shouldn't put investors off, the forward P/E is 'only' 34, which is acceptable for a growth stock such as Boohoo. Importantly Boohoo has launched apps in the UK, Australia and US, a good strategy as increasingly consumers want to use apps for shopping. Online retailers offer fantastic growth opportunities that may create huge returns for shareholders. ASOS is focusing on mature markets in an attempt to continue to grow profits, but for me, Koovs and Boohoo are the most interesting companies. Koovs has massive potential and if it can crack the Indian market then it could become a very big company. Boohoo is performing well and the share price should continue to rise over the next year. Growth stocks such as Koovs and Boohoo offer huge returns but always carry an increased level of risk and must be chosen carefully to avoid losses. https://uk.finance.yahoo.com/news/koovs-plc-boohoo-com-plc-095015740.html?utm_source=twitterfeed&utm_medium=twitter

[telbap] 17/5/2016 15:12

Opps.....about 12% down. So far, I will be certainly interested at sub £20 if the current drop goes that far

[harebridge] 12/5/2016 13:30

Double topped on previous heavy resistance.

[liquidkid] 10/5/2016 14:30

Goldman manipulating a Reiteration so it gaps up 3% Move along nothing to see here.

[hosede] 21/4/2016 16:40

Extraordinary Pavlov's dog reaction to the interims.
From 2013 - 2016 T/O has gone 769m, 975, 1,150, 1,395(est) while EPs have remained static between 44 and 50p. Worrying (IMO) - And still no dividend Why?
Good Company of course, but an elephant now not a minnow so too big to gallop.
Fair price say 20 x EPS 900-1000p

[liquidkid] 20/4/2016 08:26

Compare the JD Williams, Simply Be Operator, Brown (N.) Group's headline financial reporting to ASOS's.

- Underlying profit before tax is defined as excluding exceptionals, unrealised FX movement and the impact of the IAS39 restatement (debtor impairment)

- Adjusted eps is defined as excluding exceptionals and unrealised FX movement

= Statutory profit before tax

ASOS is just 'profit before tax' They buried the exceptional FX derivative loss and the 'price investment' pretty deep down in the accounts.

What would have happened if ASOS had reported the same format as BWNG?

[telbap] 19/4/2016 14:08

Yep, I reckon they just gave up some of their profit from the initial drop. Harva, always good to see shorts closing, gives us a short Squeeze up on sp, and some stronger confidence for medium term trend.

[liquidkid] 19/4/2016 09:57

In a month Steadfast Capital Management have had to halve their short.
1% of the shares are 800,000 which is similar to the 1 month daily average volume of 770,000

Steadfast Capital Management LP 3.06% 2016-03-08
Steadfast Capital Management LP 1.75% 2016-04-14

[liquidkid] 18/4/2016 09:24

This gets better its beyond british
'Asos delivers double-digit sales and profit growth' Flatulancial Times
'Asos profits climb despite failure in China' Toffegraph
'ASOS develops swagger after great results' insolentidioticinvestor

And from the horses mouth, the CFO-:
"On the currency, on the hedging, we start to see the benefit come through into the second half of FY '17"

[But Why are you only maintaining circa 20% growth target for the full year?]

"recognize an upward pressure (in sales) it feels too early to be able to say what that would look like."

So they think that the binary FX CFD or whatever it is will become fashionable end of NEXT YEAR, but can't forecast sales a few months ahead.

[harebridge] 18/4/2016 08:17

Today analysts at RBC Capital Markets retained ASOS Plc's (LON:ASC) shares as 'Outperform' in a report released to investors.£45 target

[telbap] 15/4/2016 17:00

Liquid......all assuming your opinion is right and this is a toxic derivative trade of some sort. Might be a bad hedge or lack or hedge?

[liquidkid] 15/4/2016 09:32

Looks like every broker worth their sea salt has now put out a note on ASOS.
Does any of the research mention the massive £40m FX derivative hedging losses?
3rd eye would you care to corroborate? TIA

[harebridge] 15/4/2016 07:08

A summary of the state of the retail sector by Peel Hunt, from Paul ScottI read a fascinating research note from Peel Hunt yesterday, on retailing. Their analysis on that sector in particular is utterly brilliant. Their argument is that there is no such thing as a retailing sector. There are actually diverse businesses at different stages of life. The established businesses are telling us that consumer confidence is weak, demand is low, etc. Yet the economic data says the opposite - consumers are enjoying good increases in disposable income in fact.So why the disconnect? It's all down to competition - relatively new entrants are eating the lunch of the established players, if they don't keep up with a strong online offering, and constant innovation with products & services.So you hardly ever see any retailer comment that their products weren't good enough, and that the competition are doing a better job than themselves! Instead they moan about demand being weak, Brexit causing uncertainty (please! How ridiculous), and of course that good old catch all - the weather hasn't been right.- See more at:

[stumbleupon] 14/4/2016 13:34

Good to see this going up ...