Member Info for InvestorACE

Same old ramp every day. LOL. Just give it a rest and come back next week.

Boo and ASOS looking very good.

Profitability over growth

After Ramos Calamonte’s appointment in June 2022, he implemented a £300m cost-saving plan for the 12 months to August 2023.

Asos attributed half of its sales decline for the period to its ‘Driving Change’ initiatives, which have included renewing its commercial model, clearing excess stock and removing 35 unprofitable brands from its offer – with each step leading to accompanied one-off costs.

The business also reduced its inventory by 20% year on year, which meant it “exited the year with a cleaner inventory position”, resulting in the need for less discounting and working towards a goal of higher full-price sales.

Ramos Calamonte says there is optimism for the fashion retailer’s return to profitability despite the reported decline in sales. He explains: “While some of these changes have impacted short-term sales growth, there are many causes for optimism as we progress through the second half of the year.

“We are improving our gross margin run rate in the face of significant headwinds, are starting to see the benefits of a repositioned stock profile, and are taking action to reduce the proportion of our sales which are not profitable. Initiatives are in place to drive a further £200m of benefit in the second half and I am very confident of our return to sustainable profit and cash generation in the second half of the year and beyond.”

Try buying 100k a pop and you will see all going to NT.

Sellers out now..watch this move up soon.

Profitability over growth

After Ramos Calamonte’s appointment in June 2022, he implemented a £300m cost-saving plan for the 12 months to August 2023.

Asos attributed half of its sales decline for the period to its ‘Driving Change’ initiatives, which have included renewing its commercial model, clearing excess stock and removing 35 unprofitable brands from its offer – with each step leading to accompanied one-off costs.

The business also reduced its inventory by 20% year on year, which meant it “exited the year with a cleaner inventory position”, resulting in the need for less discounting and working towards a goal of higher full-price sales.

Ramos Calamonte says there is optimism for the fashion retailer’s return to profitability despite the reported decline in sales. He explains: “While some of these changes have impacted short-term sales growth, there are many causes for optimism as we progress through the second half of the year.

I can't buy a bean via Barclays.

Time to bounce off to 500p very soon.

Free cash flow2 (£262.7m)

Growth rate: (£6.2m)

2022: (£256.5m)

Alans55 - Are you sure you understood me? I'm feeling very positive about my investment in GST, which I made weeks ago and never deramped. Last Friday's RNS news is the reason why I sold nearly 95% of my holdings. I might consider buying back next week after making more money trading other shares in the meantime. Good luck to all!

I have not sold anything since last Friday, and I do not plan to sell anything today or next week.

Splatted.

I'm not de-ramping here, I'm just stating the facts. I still have 5 million shares for the long-term hold (LTH). My point is that there's no point in hyping up the stock all day, claiming that a big move is coming, and that traders will benefit and make money while newbies suffer from watching the stock price rise and fall on a daily basis.

GST has got 13 working days before the news. Most traders will be trading other shares, so don't expect any big moments until the last couple of days around the 29th or 30th of May.

Now 4.5 million sells and only 1.2 million buys. go and figure that out!

I sold it for a reason, and just like all the pumpers selling silently behind the scenes. LOL.

Over 2 million sells in first 5 minutes of opening and pumpers keep pumping. give it a break!

Placing is most likely to be done this week, according to credible rumors going around. This may be why there was panic after the RNS news last Friday. It's worth bearing in mind that placing can be a useful tool for a listed company for several reasons.

1) Raising capital: By offering shares to institutional investors at a discounted price, a company can raise capital quickly and efficiently without the need for a public offering or other lengthy fundraising processes.

2) Liquidity: Placing can also improve the liquidity of a company's shares by increasing the number of shares available for trading in the market, which can help to increase the overall demand for the company's stock.

It will be interesting to see at what discounted price the placing will take place.

The discounted price for placing will be 1p.

I got 5 more million of shares left to sell now. Have a great weekend all

Office manager lol - I remember when you used to deramp EUA board, so I won't trust you with even one penny.

Smellyben nice one!

I've managed to offload over £100k today. I need to free up some cash and will be back next week.k.

Smellyben - Are you the one responsible for selling all this time and bringing the stock price down? :) Well played.