Asos Share Discussion Threads

[damonbrooks45] 10/4/2019 07:57

But wheres the bottom? If we get to Dec '18 levels this morning I'll buy but could have multi day drop.

[asusasus] 10/4/2019 07:57

What the hell do I do now? I've lost my shirt!?

[costax1654x] 10/4/2019 07:56

Profit before tax looking bad

[global nomad] 10/4/2019 07:54

ready to top up if the share price drops considerably...

[umitw] 10/4/2019 07:51

Well well we are all bust this morning.this has now become a very long investment for me. -:)I think in the long term it will be fine. But now I don't know!

[fishking1] 10/4/2019 07:46

British online fashion retailer ASOS on Wednesday reported an 87 percent drop in pre-tax profit in the first-half, hurt by poor trade in the crucial run-up to Christmas and logistical hiccups as it entered the U.S. market.Pre-tax profit for the six months to end-February came in at 4 million pounds on sales up 14 percent to 1.31 billion pounds."Our performance across H1 has been disappointing and we are capable of achieving more," the company said in a statement. "We are confident of delivering a stronger performance in the second half."

[5chipper] 10/4/2019 07:38

Isn't this 'capex' just going to be an ongoing expense with ASC; in order to keep up to date in such a fast moving and fickle market

[damonbrooks45] 10/4/2019 07:36

Article was nearly spot on.
Pre tax profits down to just 4 million from 29.9 last year.
Not good at all in the short term

[christh] 10/4/2019 07:32

Results summary


-- Total sales grew at +14%
-- UK sales rose by +16%, and international sales by +12%
-- ASOS Design +5%, now annualising c.GBP1 billion; 3(rd) party
brand revenues +18%,
-- Retail gross margin down 60bps
-- PBT GBP4m, after c.GBP24m (H118: c.GBP11m) temporary transition
costs
-- Customer engagement: active customers(4) +16%, average basket
value -2%, order frequency(5) +4%
-- Total orders placed 34.4m, +15% year on year
-- US Hub operations stabilised
-- Net debt position of GBP37.9m, enhanced RCF facility of GBP220m


Guidance


-- No change to FY19 reported sales, EBIT guidance; c.15% and c.2%
EBIT margin respectively
-- No change to FY19 capex c.GBP200m, guiding to c.GBP150m in FY20
-- Year end net debt of c.GBP50m, returning to free cash flow positive
in FY20


Nick Beighton, CEO, commented:

"We grew sales by 14% despite a more competitive market. ASOS is capable of a lot more. We have identified a number of things we can do better and are taking action accordingly. We are confident of an improved performance in the second half and are not changing our guidance for the year.

We are nearing the end of a major capex programme. Whilst this has inevitably involved significant disruption and transition costs, the global capability it now provides us gives us increased confidence in our ability to continue to capture market share whilst restoring profitability and accelerating free cash flow generation.

Global online fashion is a growing, GBP220bn+ market. We now have the tech platform, the infrastructure, a constant conversation with our growing customer base who love our own great product and the constantly evolving edit of brands we present to them. We believe that ultimately there will only be a handful of companies with truly global scale in this market. We are determined that ASOS will be one of them"

[fishking1] 10/4/2019 07:25

ASOS first-half pre-tax profit down 87 percent year-on-year

[christh] 10/4/2019 07:12

Excellent results, will boost the sector and Boohoo too.
It could go back to £60 this year as the US and Europe market share grows, which it will as the platform is set up.

[zoro9791] 09/4/2019 18:08

Wait till the result will go long or short CFD .Swings either way predicated.

[asusasus] 09/4/2019 16:52

Bodes well for ASC the fact that DEB has gone to the wall.

[umitw] 09/4/2019 16:39

Debenhams collapsed!

[pal44] 09/4/2019 16:19

may just see a dip in the morning them may well pick up . GLA .

[bulltradept] 09/4/2019 14:39

Or are short and scaring the retail crowd....

[umitw] 09/4/2019 13:50

They know something we don't! :-)

[jarega85] 09/4/2019 13:42

Interesting, as they have not made any adjustment to their target.... hmmm. Unusual to see just before a trading update.

[umitw] 09/4/2019 12:24

TAKING AIM: ASOS Profit Set To Plunge In First Half - Shore CapitalSource: Alliance NewsOn ADVFN site

[jarega85] 09/4/2019 08:43

Where is that written?

[umitw] 09/4/2019 08:39

Shore capital expects ASOS first quarter profits to plunge.!

[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.