Asos Share Discussion Threads

[pal44] 08/4/2019 14:03

Reading this Once its new Atlanta warehouse went ‘fully online’, demand ‘far exceeded’ the company’s expectations, resulting in a ‘significant short-term dispatch back log’ that affected its stateside performance. is encouraging . GLA

[connorcampbell] 08/4/2019 13:16

Will AIM emperor ASOS be dressed in new clothes following Wednesday’s half year results?

It actually wasn’t very long ago that the company updated investors. On March 19th it posted its figures for the 3 months to the end of February, a release that added a new issue to sit alongside the aggressive discounting headache ASOS had encountered before Christmas.

Reported retail sales growth in the US shrank from 13% to 4% between Q3 and Q4, a sharp shift due, in part, to the firm apparently being too damn popular. Once its new Atlanta warehouse went ‘fully online’, demand ‘far exceeded’ the company’s expectations, resulting in a ‘significant short-term dispatch back log’ that affected its stateside performance.

As for 10th April’s interim results, investors are going to want to hear of a big improvement in the US now that its warehouse problems have been sorted. Additionally some positive tweaking to its full year forecasts – especially since it is expecting ‘stronger growth’ in the second half – could be the thing that helps the stock pick up the pace.

Read what Spreadex analysts have to say, or watch a 60 second earnings preview video, here: hxxps://spreadex.com/?tid=389411

[christh] 08/4/2019 07:28

From the Trading statement in January
Nick Beighton, CEO, commented:

"Group sales over the period increased by 13% and retail gross margin improved by 40bps. We continued to outperform in the UK with sales growth of 14%. Sales in Europe were up 12%, although France and Germany, our two largest markets, continue to be challenging.

Our US performance was behind our plans during the period. As our Atlanta warehouse went fully online, demand far exceeded our expectations. Whilst very encouraging for the longer term, this caused a significant short-term despatch back log which we have now cleared. These delayed shipments will be recognised in P3 and US trading is now regaining momentum. Our ROW segment returned to good growth of 20% after a disappointing Q1.

Our retail gross margin guidance for the year remains. We will be increasing investment in price and marketing in the second half, particularly in France and Germany. Given the actions we are taking together with an improving US performance, we believe the Group will deliver stronger growth in the second half. Consequently we remain confident that we will meet guidance for the full year."

ASOS will announce interim results on 10 April 2019.

[newtothisgame3] 06/4/2019 20:59

ASOS plc (LON:#ASC) found out this week after unveiling a change in its returns policy to crack down on customers that frequently order and then return its clothes.

[jarega85] 04/4/2019 17:47

https://www.bbc.co.uk/news/business-47820387Highlights that they have recognised an impact to their business as there is clearly a cost to them for regularly returned products

[jarega85] 04/4/2019 16:19

Christh, for clarity, I am hopeful of positive results on the 10th however I have never said I expect '40 to be achieved at this point, although it would be extremely welcomed!However I will continue to hold until that gap is closed to '40!!!

[christh] 04/4/2019 15:50

....and Boohoo 26 April

[christh] 04/4/2019 15:49

Results next week, 10 April, Jarega says £40....

[umitw] 04/4/2019 15:30

It hit 3400 a few weeks ago!

[fuji99] 04/4/2019 14:58

Can anyone believe shore capital or any analyst playing with figures ? Never nowadays. I always go the opposite way: Buy when they issue a Sell on a stock and vice versa.

[jarega85] 04/4/2019 13:32

Can't seem to break that resistance at 3360 at the moment

[umitw] 04/4/2019 12:40

Such low volume down 4%...!

[jarega85] 01/4/2019 22:08

Shorts continue to close AQR further reduced last week

[christh] 01/4/2019 11:38

Jarega,
Results are on 10 April,
You will get your £40 and maybe more.




Good luck to you.
It will drive the sector up and Boohoo too.

[vesna09] 29/3/2019 19:37

ASOS UPDATED OUR RETURNS POLICY

We know easy returns are one of the (many) reasons you shop with us, so we’ve increased the time you can return stuff from 28 days to 45 days. If you return anything within 28 days, we’ll refund you as normal… and after that (up to 45 days), you’ll now get an ASOS gift voucher for the amount you spent.

[jarega85] 29/3/2019 17:33

Interims are due on the 10th April so with shorts closing before that date can only be positive for the share price With the interims covering up to 28th Feb and we managed to achieve c.15% growth in sales in addition to 15% increase in orders which covered December which we know was a difficult period means to me we have performed much better over other months.Zalando has shown the sectors doing well as they have turned their results round and Mike Ashley destroying the high street for us is only another positive sign.Looking forward to filling that big gap up to 6000p!!

[jamesto2] 29/3/2019 16:11

2600/2900 before June

[jamesto2] 29/3/2019 16:06

I first bought into ASOS back in 2003 paid just over 5p .... Got 60,000 shares & wished I had sold when it was £76 lol ... Maybe this will return to £26 before results

[jarega85] 29/3/2019 13:13

Shorts have been reducing which is a positive sign

[micha14] 26/3/2019 17:50

I bought this share for my 1 yr old daughter for her 30th birthday. Long run way for growth in sales/earnings/geography. The current PE tells nothing as price to sales is 1 and price to gross margin is 2. Very cheap for a growing company. In addition, 30pc owned between a billionaire and a founder. Return on equity and return on capital over 20pc and here is the kicker- No long term debt on the balance sheet. The twin turbo engine of growth in earnings and growth in PE (more like 8-10 at the moment) makes this stock a 100 bagger fr when my daughter turns 30. Glorious opportunity.

[albert3591] 22/3/2019 16:21

More like hoping for 4000.

[jarega85] 22/3/2019 15:17

What a day! Big swings but holding tight for 4000!!

[jarega85] 21/3/2019 18:36

Lower lows to higher highs. Good sign in my opinion and could quickly climb to £40 and we've got an update in April which is not far away! Hope to see shorts close in the near future, we could move very quickly from here!All aboard

[gswredland] 21/3/2019 17:08

Wonder what made these jump so much today?