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By how much?
That’s better 👏
Asteroid? He has an hour left to post before he clocks off so should get a response.. ;)
Wiped out by what exactly?
Hopefully we won't be wiped out by then
Thanks for that. Be sure to update us again in 6 months.
6 months ago - £4.00
12 months ago - £7.50
But don't worry.... turnaround is right around the corner
Funny, SP has been around +10% since the update and the most stable it has been in a while at 3.60 ish. Yet now these 'experts' are coming on saying how bad things are as if we are talking about a penny stock on the brink of bankruptcy.
Ignore the noise, it will go away in time. 6 months till YE results
Hope Mike, Hope is a dangerous thing.
It's a good job the company has topped to highs of 7800 in the past.That tells a little story in itself.Granted, things have changed but the company has proven itself before and will again.
I'm not going to write out my investment case just for you.
You're looking too near term.
You lookafter yourself doing the rounds on theses boards.
Relax Roberto, I don't think anyone here is that bothered. There is no need for the desperate attempts to do whatever it is you are doing lol. What will be will be :)
Roberto Carlos, what a name, lol, you should apply for job for one of the major hedge funds given you know so much, but do change the name on the cv when you apply, pmsl.
May I remind you that the offer was made in Dec-22 when the SP was trading at c.£5.50
The offer of a £1b was based on the position of the company at that moment in time, based on the update some risk has been mitigated so an offer above that would need to be made but there’s no guarantee it would be accepted.
Blabla good to see you have had the sense to get out.
James, you merely have hope, not answers. This is not enough to raise the stock price. Keep dreaming mate.
I’m going now but I’ll keep popping by now and again to see how you guys are doing.
Best thing you can hope for is a take over. Again, hope.
Bye
Even if they did come back with a £1bn offer, that doesn't offer too much upside as things stand now.
Market cap - £430m
Net debt - £350m
Enterprise value = £780m
So an offer of £1bn will give investors buying the share price today (close to all time low), a 28% return
Is that enough upside potential for such a risky, debt-laden company with falling market share and increasing competition??
Thoughts welcome.
I’d be very happy to accept Trendyols previous offer of £1bn + for ASOS. Will they come back for another bite of the cherry 🍒
Not wasting my time on you pal.
If you're not invested...laters.
James you never answered my question either. Declining revenues and a huge debt pile isn’t good for the stock price. So how are they going to make a dent while increasing profits? There’s so many head winds here. You guys are crazy
Because his tone of voice is out of order. Anyway, I am out here. Have seen more than enough, the good stuff here is not worth it compared to the bad stuff. Nothing against bears, always welcome but the way how and what in terms of business knowhow is too low. Very daily traders focused. Ciao.
Why so angry?
You are acting like a child making assumptions not being back by anything. How much do I have in Asos? When did I enter? How much % of my net wealth is that. You do not know. You do not know. I know one thing, timing the market is for losers. I am happy with my average and it only needs a bit of tweaking for me to make some ROI. BUt yes, risky.
Just a reminder :)
In FY25 we expect to deliver revenue growth and return EBITDA margin to around pre-Covid levels (c.6%). In the medium-term we have confidence in our ability to return to double-digit growth; steadily improve gross margin back towards c.50%; maintain EBITDA sustainably ahead of capex, interest, tax, and leases; reduce capex to 3-4% of sales; and deliver inventory of c.100 days.
· FY24 is about taking the necessary action to get us to that path. Our priorities of accelerating towards our new commercial model and strengthening our relationship with consumers require investment in the near term into marketing and the discounting of aged stock to exit the year with a clean stock position, including using offsite clearance channels where necessary.
· As such, our expectations for FY24 are unchanged:
- Sales decline of 5 to 15%, with P4 FY23 trends continuing through the first half of FY24 and a return to growth in the final quarter of FY24.
- Adjusted EBITDA positive.
- Stock back to pre-Covid levels (c.£600m as previously communicated).
- Capex of c.£130m6.
- Positive cash generation, reducing our net debt position.
When you read EBITDA replace it with BS....this was created by consultants and investment bankers in the 80 to justify higher valuations in the US. I look at FCF and the possible % that this reverts to the former/bit adjusted mean. Look it up for yourself. This whole thesis is about are they going to be able to stabilise and later on grow sales with higher operating % margins combined with better investment efficiencies in the company. Try building a business with 22 M customers with all the tanglibles and intangibles for this book value. Leadership knows they need to deliver very very soon...and regarding timing the market to get in. Good luck, that is a more risky strategy then my turnaround gamble here.
Sorry I meant £430m...
Says the guy balls deep in an awful stock. How’s that 10 year chart looking mate? You keeping going down!