The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
I also have a question for you:
A business aspiring to do 6% EBITDA margin in 2025 (aspiring being the key word) so c.£180m but let's say £200m.
The business also spends about £200m on Capex per year.
What are you left with (before interest and taxes)?
Your questions reveals your are a novice investor. Good luck.
I’ll put it in more simple terms
Would you choose to swim with the current or against it?
Morning sj have a good day fella :)
OMG, getting so tired of these replies I made 9 bucks last week. I made 5 cents last hours up because of this or that. Will not tell you what I made last Q1 on my gold positions. Did i plan that for Q1, no way just a long term strategy since 2015. Some (like me) are in ASOS for the turnaround and possible rerate, if you do not believe in that thesis fine but using pro shorters as evidence that LTH are dead wrong is nonsense. Shorting Asos is a mostly algo driven thing and shorting is extremely difficult business. Your point regarding the FCF improvement of selling old stock is a valid and good one, but nothing new here under the sun. This is a high risk high reward bet at 3,6 pounds. You accept that and digest the noise or move on and take a loss. Have you ever turned around a business or are you a youngster with limited milage trying to be a smart ass here, I have and it always takes more time and pain as business is a complex adaptive system with a lot of uncertainties. Asos is not different so allocate your % that you can afford to lose.
Lol, good morning both :)
Always funny watching the experts on this board trying to justify the stock price and why it’s going to rocket in the next 6 months.
Should have listened to me fellas, JD posted a great opportunity to buy last week down at 116. Now at 125 with a news update this morning. Such a safe bet and easy to swing trade it.
2 questions I have here-
1. Why do you think you know more than profession investors who are shorting this heavily?
2. Why will cash flow improve when a huge chunk of the last update was because of huge sell off of the old over bought stock. It was a one off, which did help the numbers but won’t be repeated again. I don’t know how the board are planning to re pay off the huge amount of debt going forward?
Only thing you can hope for is interest rates reduced soon which may help slightly. But honestly you think 0.25pc reduction is going to make everyone spend money like crazy? Will free up small amounts of cash for people but nothing major. Short term it may see a bounce when they do drop until the results are posted.
Said it before and I’ll say it again, JD easiest 40-50!percent you’ll ever make. Told you all that you should have sold this at 380ish.
Good luck all, you should actually do some research instead of telling everyone else too
If we all focus our minds and channel our thoughts toward positivity and optimism, it might help push the share price go UP.
Alllornothing ....Thank you for clarifying that about Sean Glitheroe. I had forgotten he was only appointed on an 'interim' basis; so I was unfair in my comment. Mind you, look what happened to the previous company he was CFO at... Lol.
I only replied because I enjoyed the comedy value but otherwise nahh lol
We're 30p above all time low and you guys are celebrating
Very true Sj, I will refrain from wasting my time in future :)
It's not really worth arguing with Jamess. They only want to try to make the board toxic. They know the answers already, and if not they shouldn't be investing.
Ha ha so you don't think inflation being at 11 % will have a prolonged fall-out?
Are you actually for real?
No more reasoning with someone who can't grasp the basics.
Inflation - Was higher in Dec-23 than it is now
Interest rates - Unchanged since Dec-23
Wars - Started before Dec-23
Company stock - Was high way before Dec-23...
So to conclude, you haven't answered my question
Shorts are rampant, inflations high and therefore interest rates are too, two almost three wars, vital import/export route compromised.
Other reasons are that the company bought way too much stock in the pandemic, people bought more clothes than they needed during lock down, company board got lazy when the sales were through the roof and thought it would continue.Although Shein are not directly comparable they have taken a market share away.
Sales are down due to the above reasons.
many of these factors are improving, not to mention a leaner business model is coming to fruition.
Can you explain to me why the SP is down c.15% from the end of last year?
What I understood from the annual report Jose has 326295 shares in outstanding shareoptions, and about 24 K bought. His salary is not that great (after tax) for running a 3 B business. So if he wants to become financial independent he needs to deliver. If he fails he not only loses the bonus but equally his reputation for being part of the team that created the mess and not being able to fix it as the ceo. So for me there is no doubt he is eager. That does not mean he is the most talented.
Where Roberto ha ha?
You got the right ticker mate?
We been through this rigmarole last week and we destroyed you with charts.
It's a good chat board to be fair.. happy for bear and bull just none of the toxic non sense like some other boards. Luckily people seem quite relaxed here. :)
And the market replied - share price close to all time low!
I think Simon makes some good bear points actually, although I agree with you that the CFO point was probably a bit of a reach.
I like the fact that this chat board allows both bull and bear points of view, unlike some of the other ones, which often seem to denigrate into playground silliness.
Anyway, I am still watching from the sidelines myself. Disappointed with the lack of buying from Jose at the very least, but from a technical chart perspective, it is a fair old battle right now!
If it can stay above the 50 DMA this time, which I have been waiting for, I am going to jump in for another trade, because I can see another go at the 200 in short order, if it does.
Not sure it will break and hold above the 200 without some material news, but will cross that bridge if we come to it. GLA.
Hi Simon, I'm not going to go into your full message as I think as a typical bear you have a knack for always exagerating the negatives and massively downplaying the positives but on the CFO subject you make it sound worse than it is with regards to Sean Glithero. What I mean by that is that he was always appointed as 'Interim' CFO since the beggining and in fact was only meant to be at Asos for 6 months. The fact that he stayed double that, for almost a year, highlights to me that he needed to stay untill the company had started to show proof of the turnaround (HY results in this case) . Lets not forget he was bought in after both Matt Dunn and Nick Beighton abandoned ship at its peak just before everything was about to go downhill.
So I think him leaving and a new permanent one being appointed is actually very positive,regardless of the new ones backround. As others have said there are two ways to view that.
My take is that some shorters on this bb are screwing because they missed on shorting from the 50/40/30/20/10/5sssss.
You can hear their desperation and frustration and wishing for the sp to make them a few pennies atleast.
If I was them…. I wouldn’t take the risk and better to move on as this company has updated the market with solid progress.
Hahaha..
I said "someone with a sense of reality", based on your previous comment about £15 - that rules you out