Member Info for lsestocks23

I did say that if/when this hit 500s I would buy but i'm not overly impressed at what has gone on here, was only a few weeks ago that guidance was going to be reduced and city boys got the inside scoop and what now that has actually transpired as a 30+M loss and 100M written off in stock, a lot of this has happened on Jose's watch so I'm not confident in this CEO at all at present. You have to look beyond macro economics they should have still been turning a profit so internally this is a total disaster. There are rougher times ahead so I think a cash call is on the cards come spring I think that is unavoidable, I think the days of this SP 5-10x bagging are well and truly over, my opinion of course but I honestly think those days are long gone.

Well sais Simon! I said a few months back that this would be marched down to £5 but there has been lots of info that has been leaked since then, credit facility issues, recruitment freeze/redundancies... so I now don't believe the bottom is £5 unfortunately, there has been so much focus on the macros here and external factors that people have failed/ignored tio look at what's happening with within the business, it's simply a shambles internally at ASOS rn

More pain here on BOO results and then results at end of Oct, heading to 500s is a certainty.

There 90+ tech jobs on the asos job board last week, there are now 8, let me tell you they didn't fil 80 roles in two weeks! Belts being tightened now, strap yourselves in this could get ugly

Boohoo aquiring ASOS? BOO are in depper water than ASOS right now so that's a def no no

A source inside ASOS told me last week that the messaging internally is that the market is "competitive" which is interesting wording and you'd expect them to say challenging maybe?

No bonuses for staff and pay rises defered to post Dec22 when normally paid 1st Oct.... looks like a lot is riding on black friday given that a huge chuck of yearly revenue is made during this time....

This ain't the bottom folks!

Wheres that tumbleweed emoji....... Is Jon finally running out of puff

There's no evidence of this, no evidence of any due dilligence or audits or anything of the such. I think your agenda is clear here along with Claire Smith, wouldn't be surprised if you're the same person to be honest.

A takeover here just isn't going to happen so please stop spouting the same rampy rubbish

Think it's clear this guy is a ramper and a pretty shameful one at that, not listening to a single contructive comment.

You are out of your mind if you think Best Seller are letting go of 30% at £16 a share, OUT OF YOUR MIND lol

Not sure if I am missing something here but essentially June/July okay but August has been so bad that growth drops from 7% to 2% for the year? With debt increasing to 25M above the top end expectations?

For me a lot still dosen't add up can the macros really drop profitability that much? 4BN turnover and barely 20M profit would have me concerned, it's on a knife edge, macros, tailwinds alone arent going to convert that into 200M in profit

Do you research! The 500K buy from CEO was part of the terms of his deal which you clearly didn't look at! He has to buy X amount of shares out of his own pocket nothing to do with directors having inside track

Sales have slowed down slightly but it's the drop in profitability that everyone should be focusing on

That would be me.... I'm keen to know where Jon Harris thinks this SP will be, 3BN in turnover and they will be scratching around to make 20M profit, all the macros have done is compound the woes for ASOS there is no quick recovery here, BooHoo results will be first and that will very much set the market tone.

I think ASOS will turn this around medium to long term I just don't think we are at the bottom, and the likes of Jon Harris who is clearly some man in his late 50s that knows nothing about the target market. I think it's clear he's a ramper sat on some big losees, it will be years before this share sees highs again of £50+

You're starting to sound like a broken record Jon, like I said you're foolish if you think it's just the Macros bringing this share down, it's going to be 1-2 years before the issues behind the scenes get resolved with new hires yet to come in, it's going to be a super challenging new FY year ahead

I have to disagree with this, like I said as someone that knows this company inside out, the fact they are in constant flash sales suggest they are struggling to hit revised guidance, I don't think there is much upside here until next year it's simply a case of estimating "wheres the bottom" for max value... Not long until we see whos right and who is very very wrong

It's not just the macro economic factors at play here there were some big big mistakes made at ASOS, does anyone really believe that Beighton left before he couldn't commit to 5 more years? It's nonsense, behind the scenes there has been money wasted handed over foot, mainly in tech, it needed change from the top down, this company was meant to be turning over 7BN by now and it has stalled significantly in the last couple of years, don't let the macros fool you!

Yes they have the balance sheets to ride this out but they cant afford to bleed cash like they have the last few years, IMO this will go lower I can't see many positives coming out of the EOY trading statement the fact they are slashing prices and running flash sales tells you they are struggling to hit revised guidance

It's going to be a rough couple of years for ASOS but there is a long term value to be had for anyone that can get in at sub 500p IMO

I'm not sure what people on this board are smoking but feels like you are both wrong, ASOS are not going bust look at the fundamentals here people and a takeover bid isn't coming, not even at 500p. ASOS have been running lots of flash sales and timed sales again one last night with 20% off across the board so that tells you everything you need to know I think they are looking to hit the revised guidance at a minimum, so yes this could go to 500p but it feels like around 700p is the floor with results baked in, that;'s my 2p worth.

Historically Q1 at ASOS is always a strong quarter where a lot of the companies revenue is generated in that period so I would expect bigger rises here around the turn of the new year

The real question is this bottom and will the expected bad EOY results be baked into this price, the last quarter results are not expected to be good, it has been very tough trading conditions as we all know. Historically ASOS always have a good Q1 as black friday contributes to such a large amount of the years revenue so I will hold off buying until after results, as they are likely to be profit warning.

As for the post around them having lots of vacancies they are tracking at 3-5% staff turnover which is higher than normal these are all mostly backfil vacancies, staff beginning to catch wind of no bonus this year so they will see higher staff attrition. My gut says this will go to £5 and that will be the floor at that point this will have my interest

You’re more stupid than I thought if you think anyone on this board could move the SP! What on earth! haha, what a ridiculous statement.

I’m not in this share currently but have been in the past, it’s up to all to do your own research but my word there are some sensitive souls on here

New to this forum rather, and no I don’t short any stocks I’m just giving my opinion given that I am in retail and know this market better than others, that’s all I’ll say

I think the shorts know what they are doing here, I am new to this share and looking for an entry point but think this has potentially a little further to drop, we shall see, shorts must have had the early warning signs last week on news on the retail sector and the slowdown of a further 1% compared to June, so I can't see it being different from the sentiment when the ne CEO was announced.

I think around £7 would be a good entry point for me personally so we will see what happens.

GLA/DYOR