Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Not bothered about quality then no?
Go away if you don't like the investment case.
Indeed it did Jamesss. But how has it innovated? It’s the same company it was in 2010, still selling clothes online. But guess what? Now everyone’s doing it. How can asos stand out in this market? It’s impossible. They aren’t cheap compared to SHEIN, temu, and vinted. You’ve got a saturated market. I ordered last week online, found it cheaper in the hut group so went there.
Roberto is right you should listen to him if you won’t listen to me :)
stocks fall out of fashion, MM will keep this down forever. You say you’re in for the long term, why not just jump back in when there’s green shoots and the stock price starts noticeably rising? solid consistent results then it might be worth it. Last 2 updates not even seen 400p
Haha your funny! More chance of an Asteroid
Wiped out by another equity raise at lower value because of the debt maturing
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.