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Should see a nice move north next week, so pleased with the trading update and listening in on the call Jose was very impressive, clearly a man with a plan.
RE: Asos posts quarterly profit as turnaround strategy pays off15 Jun 2023 07:26
Asos posts quarterly profit as turnaround strategy pays offBy George MacDonald15 June 2023Asos
Online fashion giant Asos has hailed a return to profitability in its third quarter as evidence that its recovery plan is delivering.
Asos reported adjusted EBIT ”up more than £20m year-on-year” and said it was “on track” to achieve adjusted guidance of between £40m and £60m in the second half.
WOW... -- Profit per order up over 30%(6) YTD versus last year driven by actions taken to improve profitability of underperforming brands and geographies.
And if the trading update is half decent (I suspect it will be given IR's comments) then this will snap back quickly....seems to ke a institutional distressed seller ...if they are done (huge sell today as well) combined with a decent RNS on Thursda7 and we will ne heasibg to ten quid again..