Member Info for hey_arnold

I actually expect broker downgrades on the cautious forward guidance given by ASOS. Think it's probably a bit at 4600

Its a shame really that the rampers don't have any significant money in here. At least we dont have to listen to them for a while.

Normalising margins, reckon the market didnt like that.

down she goes.

Sees "clear opportunity" to continue increasing share in Sportswear category
Solid start to year but retaining caution on outlook for consumer demand whilst economic prospects and lifestyles of 20-somethings remain disrupted
Expecting to deliver continued improvement in underlying profit

They have beat consensus.

FY pretax profit GBP142.1 million vs. GBP33.1 million y/y, estimate GBP139.8 million (range GBP132.0 million to GBP150.0 million)
FY revenue GBP3.26 billion, +19% y/y, estimate GBP3.23 billion (range GBP3.21 billion to GBP3.25 billion)
FY retail sales GBP3.17 billion, +19% y/y, estimate GBP3.13 billion
FY EPS 125.6p vs. 29.4p y/y, estimate 118.0p
FY gross margin 47.4% vs. 48.8% y/y, estimate 48.1%
FY orders 80.2 million, estimate 82.6 million
Group-wide sales growth: UK +18%, EU +22%, US +18%, ROW +18%
Active customer base up 3.1m to 23.4m
Warehousing capacity operating at normal levels; "Well-set" for peak trading

Only new bit was that boohoo has dropped another supplier. Should be baked into the price.

This place is the blind leading the blind! why oh why do I read it every day.

Just because you are losing money doesn't make it corruption...

Nothing, as long as Boohoo were not complicit. I guess you have to price some additional risk in given the headline.

For those that are interested, GS latest note on oil. For those not interested, please ignore.

We do not expect the upcoming US elections to derail our bullish forecasts for oil and gas prices, with a Blue Wave likely to be in fact a positive catalyst. For gas, because most policies currently proposed would increase the cost of shale supply and potentially reduce associated gas production if an Iran deal keeps oil prices below our constructive forecast. For oil, because low deferred prices already embed a full return of Iran in 2021 and sustained weak demand - both too pessimistic in our view - with the shale supply headwinds set to offset a return of Iran production longer term. In particular, recovering oil demand next year can more than offset higher Iranian supply if OPEC+ simply implements its already agreed upon higher 2021 output quota.

Agreed I am a LT holder that recently closed my last Tranche of ASOS. Expecting more of a pull back here as well, but will have wait and see.

What will happen here if the ASOS results have already been priced in by the market? Answers on a postcard please.

I've taken profit on the remaining tranche that I held here.

I forgot about black Friday.

Anyone else think the shorts are waiting for post ASOS results to sell this down as there wont be any catalyst until closer to Christmas?

Why when ASOS release results will this be at 370? When boohoo just released their own results this started falling. ..

Peak euphoria on here is a good time to sell and peak despair, is time to buy. We certainly reached peak euphoria just before results, but I don't think it is the right time to buy yet.

Anyone have a view on oil price if biden wins the election?

I assume the market think its becoming increasingly likely that the breach a covenant?