Member Info for JordiMendes

Simon, £7.34? January 2023? But anyway, I agree it's going to be a tough time for Asos and I regret investing here. I still think people taking a punt now would make money with the sp so distressed but who knows.

I looked on YouTube and people are still doing their "Asos haul" videos but seems to be smaller accounts now. Also, one of them said they bought a load of stuff needing of before holiday but it was late. This is typical of Asos unfortunately, they just haven't sorted this issue out.

I contacted them to see if there would be a tu before full year, but looks like there isn't.

"We haven't confirmed any dates for results yet. Our next scheduled update will be for our FY25 results with the timeline for this being similar to that of FY24.

If you haven't already, you can sign up to receive email alerts for when we do publish anything to do with reporting dates/trading updates/results: https://www.asosplc.com/investor-relations/regulatory-news/rns-signup/"

I mean, the takeover noise has been spouted for a long time. Who knows but more than likely not going to happen.

Nope

Fair points, I suppose people believe the turnaround story. I don't have a huge amount in here, but enough. I really didn't think it would sink to these levels.

I suppose it's all about diversifying, you win some, you lose some.

Can't be any more excuses. Macro environment factors, every company has to deal with. Yes, it will hit some sectors more than others and tariffs, inflation etc has been a sickener for some, but some have managed just fine.

The inventory issue really set this company back, awful stock management. Pairs of jeans literally being sold for £3. They would have made losses on thousands of items which obviously hit profits.

Temu, Shein etc have taken market share away from Asos that they won't get back, Asos just needs to show their turnaround plan is working and start getting back to a reasonable sp. I want it to for obvious reasons, but I'm not fully convinced.

"Free cash flow, negative in three of the past four years, is expected to come in at barely a dribble this year, based on consensus forecasts."

Https://www.ft.com/content/79da4bef-6003-4f88-a72e-dc1265cf2358

"It might get back to £4-£4.50 (at some point) but that's the ceiling...(hence my call to everyone on 31 January to SELL SELL SELL) and unlimited downside (if turnaround doesn't work, company will go bust)

There are much better options out there"

It will eclipse £4.50 at some point but I agree better options out there. Ocado before results but even now, they will probably bounce back higher than Asos will. Difficult share to call tho. I think Glencore could be a reasonable buy at current levels too.

Very true, Shein have taken a lot of market share from Asos. As said before, reminds me of Capita, revenues way off what they used to be with a sp to match. That said, Capita is so low it makes it a buy and I can see value here as well, let me be clear.

The inventory mess really hampered Asos, once that is sorted, this should climb. Not seeing those huge share price numbers again but should be able to make profit getting in at these levels. For people like me though, I'll need to wait a long time I would have thought. My average is about £6.70. I may sell elsewhere to average down here though.

Asos is still a huge name and a strong company, I'm not going to pretend it isn't. But it has to start showing things are in order, there is no excuse now. They are still a fast fashion company but are also tweaking their client base as well with more premium products. I got some nike air max's not long ago at a reasonable price. Likes of Shein pretty much just stock sh*te but management is getting things right. It will click for Asos eventually, it's just taking too long and won't get to ridiculous prices like £70 per share again. Good luck all holders.

100% sj74. Just noise at the moment, market needs to see cold hard facts.

Oh jamesss 🤦🏻

Which is why you can't be taken seriously. Yes trolls are annoying, but when you have been wrong multiple times and then have to resort to things like more than one person on here are from the same account, your own credentials unfortunately take a nose dive.

Tbf, he makes a prediction and gives his reasons why. I just took a look at some his posts and indeed he thought this would have taken off by now.

Asos and Boohoo have lost ground to Shein and Temu but also been mismanaged, especially in Boohoo's case. A lot of people's posts would have had this flying by 2025, but it's just not happend. Be interesting what the companies next excuse is.

Anyway, we've all heard the bull and bear cases countless times. Asos and Boohoo have lost market share, that much is obvious. The amount of stock Asos accumulated was a farce and hopefully they have made further progress, but margins are so thin. Meaningful FCF is still apparently on the horizon, but I'm not convinced. Still, these levels are so low, they have to rise at some point, just think it could be like Capita and be years after it should have happened.

Makes it sound like the whole market is crashing jamesss. Most of my portfolio is doing ok. Next still flying, Ocado jumped beautifully on results but has regressed somewhat. Rolls Royce still going from strength to strength. Asos and Boohoo just completely f*cked.

Nobody expected Asos to be at these levels and tbf, it's fallen way further than I ever thought, but it's time for Asos to show the turnaround is working, not blame the current environment.

Tbf jamesss, your "technical analysis" has hardly been a great success. Tbf to you, you put your cards on the table rather than just troll like others do, but some of the trolls are getting it right. No real substance to their predictions, but ultimately this is down in the dumps and not moving. Past posts from a lot of people thought this would easily be £10 plus now. The shore capital article was good but ultimately doesn't mean much. The credit insurers reinstated their cover a few months back, which was also a good sign, but rhis is just not moving. Unfortunately Shein have taken so much market share, this will never recover to previous highs, but I'm also unsure what the "new normal" will be. Completely different companies, but this reminds me of the Capita story. So many fake promises.

*update?

Dunno, can't see much about it. This is an absolute sh*t show.

I saw the link that was posted about Shore Capital saying"

"With improving profitability, lower capital expenditure as a share of sales, and free cash flow expected to turn positive after this year, the broker sees significant upside potential."

But always is "jam tomorrow". When's the next updat

Macy, indeed you don't have to listen to me and this time, I agree, because of tariffs and what not, wouldn't be suprised to see this fall.

But I had an account under a different name and was posting about CPI when the likes of eatstocks was. Long, long time ago. Aim would post his/her nonsense back then too. They'd buy in as they were sure it would rise (imo chucked in for good measure), sell a week late and of course, the sp was then going to collapse. Constantly getting it wrong. Literally a few days between posts with a completely contradictory post to a few days prior to that.

Is amusing in all honesty, but he/she is an absolute weapon.

Glad you had a look at my posts, I was in lower than 250 and stand by my point that there is better money to be made elsewhere, but at these levels, you can't go too wrong with CPI long term albeit I don't think they will get to where was promised.

Remember Stuart Morgan being mentioned on here? IR chap. The way he went on, divideds would have been in place a couple of years ago with the sp multiples of where we are now. So I don't see this as a multibagger yet, but there's money to be made.

Maybe I'll also post the exact opposite as well so I've covered all bases.

Macy, Aim is a moron who just chats utter sh*te. Buys a share and spouts stuff like "this should now rise", sells a share and it's "this share should fall". All with the traditional "imo" at the end. Often it will be the same share as well with a week or 2 between his/her contradicting statements.

So I reiterate, if you are using the word "logic" with that moron, I'd re-evaluate your investment strategy.