We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
If everything was going to plan the value would be X5 at least what it is now.. it's not been so you either buy for the potential turnaround or don't. Quite simple really.
That's why it's called a turnaround play.
I wish you all make money on this but I'm afraid it doesn't look like it unfortunately.
The 'turnaround' plan can go sideways in so many ways - geopolitical, SHEIN & other competition, supply chain disruption, continuing drop in sales, brand erosion/appeal following cost cuts, slow/failed US expansion etc. etc. etc. and ASOS can easily find itself unable to refinance in less than 2 years time. That's when the vultures come in (e.g. MA) and take over the company for peanuts. The company now has an EV of £800m trading at all time low - I just don't see the upside for that level of uncertainty.
GLA
Ahh well nevermind. Thanks for your concerns.
Following largely 'positive' H1 results, it clearly hasn't moved the dial. The market does not have confidence in Calaramonte nor the turnaround plan. Not to mention SHEIN.
Move Along ……I’ll second that
It clearly isn't dead. You might be pessimistic about its prospects and you might prove to be right - that's the risk shareholders like myself are prepared to take - but it is still fighting for its future, has a lot of customers and has attracted interest from pretty savvy retailers like Mike Ashley.
@RobertoLittleDi
If you think this is such a dead duck then why don't you just move along? Your repetitive BS is so very dull...
Shore capital have been spot on about ASOS in the past 2 years
In the past 2 days 1 broker said sell and 2 said buy. law of average says its a buy 🤣. not that brokers are always right, but if youre going to bring recommendations into it at least give the full picture
Share price close to all time low, shorts close to all time high - The market has spoken - ASOS is dead
https://www.marketbeat.com/instant-alerts/lon-asc-reiterated-rating-2024-04-17/
Deutsche buy 500 Target
I suspect the BOD would want to defend against it, if one materialised … unless they’re made an offer that simply can’t be refused…
It’s not my investment case here but this must be absolutely primed for a bid right now. Reasons are well documented and understood here, so won’t rehash them. Haven’t listened to the conference call but to those that have, was a potential bid mentioned?
Absolutely :)
100notout…. If shorters want to buy back at £10…. That will do me too. As holders… we have genuine reason to be happy for y25!
I am so torn here right now. The chart looks primed for another crack at the 200 DMA (IMO), but no inside buying yet since the update. Short interest is still high (although coming down at the time of print).
Wider markets and macro stuff still makes me feel like extra caution is wise right now. And that it would be better to wait for a confirmed break to the update (at least over the 50 anyway).
Any purely technical traders here? Feel free to disagree, my chart reading skills remain limited at best :)
It’s also moved through a bunch of technicals, like a knife through butter. They have to reduce now but it also needs to close above 362, for a decent move up towards the 200mda.
GLA
It could move the share price as hedge funds may think to themselves that the turnaround is happening and there is also a potential of a sale of TS or a complete buyout. The hedge funds collectively have a lot of shares to buyback. I wouldn't want to be shorting this if I were them, would you? There are much better prospects out there for shorting, the risk reward is moving away from the hedge funds with regards to asos. I'm sure they would prefer the prospect of buying back below 500 opposed to buying back over 1000 plus.
Decent steady day today.. :)
This is just speculation as per...Will not move the SP in anyway until we get an RNS confirmation.
Typo should be wouldn’t lift the assets.
Got to be positive tho
I wonder what value of the £300m is in the books at.
They’ve got £700m of intangibles still there so it must be pretty high.
So if they got back what they paid for it (maybe some has been amortised) it would reduce intangible assets and no doubt pay down debt but unless it’s a mega offer would life the net assets.
However net assets are a good bit higher than market cap so maybe the market would prefer cash / lower debt to an intangible given the liquid nature of cash !
We will see
It's no secret that MA wanted to buy the TS brands. With the share price where it is I wouldn't be at all surprised to see a full takeover of ASOS.
The problem though if they sold TS separately and commenced a share buy back it would possibly put MA and Poulsen over 30% which would cause a dilemma.
With the turnaround plan working and renewed interest in TS the share price should be way higher. Interesting times here.
I think it could very easily turn into a full blown buy out however; I can't really get my hopes up after last time.