Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
When new share price and what it will be plz ?
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Conduit Pharmaceuticals Inc.
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$6.82
0.75 (+12.36%)
4:00 PM 12/13/23
NASDAQ | $USD | Pre-Market: $7.42 +0.60 (+8.80%)
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Conduit Pharmaceuticals Inc.
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$7.10
1.03 (+16.97%)
3:55 PM 12/13/23
NASDAQ | $USD | Realtime
Summary
Ratings
Key Data
Financials
Earnings
Dividends
Valuation
Growth
Profitability
Momentum
Peers
Options
Charting
Prev Close
$6.07
Day High
$7.83
Open
$5.87
Day Low
$5.85
Volume
340.30K
52W High
$12.89
Avg Vol
500.57K
52W Low
$0.95
EV
435.77M
Market Cap
443.44M
Trail PE
-23.72
Key numbers as at 30 September 2023*
· The value of Vela's total assets (including cash) increased during the quarter by £942,000 (16.0%) to £6,819,000 (quarter to 30 June 2023 - decrease of £387,000 to £5,877,000 (6.2%)).
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Conduit Pharmaceuticals Inc.
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$5.75
0.24 (+4.26%)
9:42 AM 12/04/23
NASDAQ | $USD | Realtime
Https://www.asos.com/topshop/topshop-knitted-bodice-midi-dress-in-blue/prd/204051301
Investment Thesis
ASOS Plc (OTCPK:ASOMY) has had a tumultuous ride in the last few years just like other pandemic darlings (Boohoo (OTCPK:BHOOY) of the UK and Zalando (OTCPK:ZLNDY) of Germany) as the onset of the pandemic fueled a frenzy leading to shoppers staying home to purchase online. However, with physical shops reopening, the pandemic reset along with tougher macro backdrop and inflationary headwinds led to a rout in the stock prices.
Chart
Data by YCharts
Post the meteoric rise and the bust including the 65% decline in stock value in the last 1 year, we see a favorable risk reward given the fund raising in the rear view mirror, execution on track as demonstrated by Q3 results and visible signs of a turnaround through its Driving Change agenda with improved cash generation ability.
Execution on Track
ASOS reported a steep £291 mn in loss in H1 2023 which led to the shares nosediving by more than a fifth of their value. This was quickly followed by a much awaited fundraising announcement as it raised £350 mn in cash and stock mix with £275 mn raised as debt, albeit at higher interest rate of 11%, from hedge fund Elliott Advisors backed Bantry Bay and £75 mn in equity raises from two of its largest investors along with a potential £5 mn from other public shareholders. The fundraising provides the company a significant headroom to weather the current storm, strengthen liquidity and help reinvest within the company to improve shopper experience and gain market share.
It reported Q3 results largely in line with market expectations, further strengthening the visibility to commit to its 2H23 guidance. Key factors demonstrating the return to execution are:
1) Return to Profitability
ASOS' focus on profitability vs growth has managed to help them to return to profitability with EBIT of £20 mn, expanding 250 bps YoY despite a 14% decline in revenue. Profit per order improved 30% for the year as gross margins expanded 350 bps YoY, with a decline in lower rung customers with low order value and higher returns.
2) Consistent Improvement in Inventory Levels
Inventory levels doubled in 2022 as the company took some strategic missteps and the pandemic fueled shopping spree which led ASOS to double inventory fizzled, leaving them with a burgeoning older inventory which is a huge liability, especially in the world of fast fashion. However, the company's proactive measures have led them to consistently reduce inventory over the past few quarters, though it still remains elevated.
Chart
Data by YCharts
About 86% of the inventory is less than 12 months old which still marks a significant improvement from the position they were a year ago.
3) No Debt Maturities in Near Term
ASOS has been able to successfully refinance its existing £350 mn RCF facility with its maturity extended up to 2026 (from 2024) providing a huge breather to the cash strapped online retailer. Also, the convertible bonds worth £500 mn also have
ASOS: Improving Outlook, Initiate At Buy
Aug. 02, 2023 6:07 PM ETASOS Plc (ASOMF), ASOMY
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Bhagyesh Shah, CFA profile picture
Bhagyesh Shah, CFA
192 Followers
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Summary
ASOS has faced challenges in the past year, but there are signs of a turnaround with improved cash generation and execution on track.
The company has returned to profitability, with EBIT of £20 million and improved profit per order in Q3 2023.
ASOS has successfully refinanced its debt and has no significant debt obligations until 2026, providing financial stability and strengthening its liquidity position.
At 0.4x forward EV/ Sales, ASOS appears cheap compared to its peers and provides a significant margin of safety. Initiate at Buy.
Hi
Bought 5% in delivroo.
Great confidence building up
S
FROCK STAR Fashion fans are rushing to ASOS to snap up Frankie Bridge’s ‘must-have’ denim midi dress & it’s a total bargain
Massive holdings again boosting confidence
Purchase of company warehouses and securitization to be able to finance it, using specific vehicles, traditional banks but also the blockchain. It is the innovative business of inventory monetization, which is realized for the company in the sale of stocks, effectively anticipating future turnover and generating cash flows without debt: "It is not a loan, there is no charge for the company of debt, but on the contrary an increase in equity thanks to the collection of the sale of the warehouse, the risk of which ends up in companies, segregated from the Supply @ Me balance sheet ", explains Alessandro Zamboni, ceo and founder of Supply @ Me, start up fintech which closed its first operation of this kind, which also integrates the world of digital assets.
The company involved is a medium-sized Italian company, with a turnover of around 50 million euros, which has sold a part of its warehouse for a value of 1.6 million euros. It is active in the design and construction of industrial and special vehicles, electronic systems, electrical wiring and components for various sectors, with activities in Africa and the United States, as well as Italy. The operation, with a rather complex structure, hinges on the involvement of a trading company ("stock company") belonging to the alternative investment fund promoted by Supply @ Me, which loads the warehouse on the platform and then tokenizes it through the minting of an Nft, a non-fungible token signed by VeChain Fondation, which manages it on its own proprietary blockchain. VeChain itself is landing in Italy with its platform focusing on the issues of traceability and s
History might repeat itself month of August
0.85p increase in 3 days
Buys are showing reds
Remember that young companies die because they run out of cash, not of ideas. If the cash position is now solid, I am happy and ideas are the last thing that can go missing in an innovative business as Syme
Something good about to happen.history might repeat itself and it shoot up to 0.90 pence .
Large buys continues but share price is not moving what is happening?
4. Full Year 2021 Results
In 2021, Deliveroo achieved full year pro forma gross transaction value (GTV) growth of 70% year-on-year in constant currency; this is at the top end of previously-upgraded guidance for 60-70% growth. Management maintains guidance for 2021 gross profit margin (as % of GTV) at the previous guidance range of 7.5-7.75%. Deliveroo will report FY 2021 results on 17 March 2022.
We will never see such price again .time to buy and roo is about to fly
this is going to be huge in 2022 all is happening just from tomorrow, long and strong holders will benefit from it.no false promises are being made this time company is very true in its statements