The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
i remember when i was holding shares with barclays they delayed the earnings a week without any pre conference to announce they hadn't met guidance only for it tank a week upto earnings and fell like a ******* stone on the day.
should be no excuse for postponing. if they are good earnings we are only going to make up for the loss leading upto the call in this shaky market. very disappointing they delayed but hopefully thursday's call with next.pl will be good and give a bit of confidence leading upto next week .
Yahoo have updated Asos valuation measures
the enterprise value which many consider to be the true value of a company with all assets intrinsic value etc at £1.26 billion with revenue per share £37.83
That's some huge differences in the current valuation and where it should be if you compare Asos with some of it's peers .
Even the debt overall standing at 1.09 b with cash on hand £308.6 m doesn't seem over bearing in comparison with other ecommce competitors.
This is going to be a huge haircut for a company that is in solely in one competitive market that it's competitors have fingers in many pies .
Market cap is priced as if this is a growth stock but unfortunately the market forward in thinking seeing this as a company that is shrinking. With the addition of still a large cash burn it's a great play on the short side on the cfd's.
you can't miss a trick in retail got to cater for every perversion style and oddball.
just a shame it's asos brand which means they will be lumbered with the ****.
although looking at some of the management they might find a use for it.
I haven't read the small print admittedly. But it's bizarre that the proposal is you lose 90% of your investment. Normally to raise funds they do a offering at a reduced price of the SP.
The M.C at present is £8.6 million so they are planning on taking 7.74 million of that for funds .
They are basically telegraphing that your security will be slashed 90% and I'm baffled as to why they're isn't a stampede out the door, with potentially saving 90% of your remaining investment?
So if they are going to reduce your investment by 90% effectively on the 28th September. Wouldn't the sensible thing to do is sell now and buy back after the reorganisation.
Seems to me they're should be a stampede out the door to not lose 90% of your investment
@kums that's the best way to approach the LSE look for the historical longevity companies when they are at 52 week lows and they usually have a great dividend but bashed because they might have missed earnings that forecasters set deliberately high. All these companies so undervalued at times as though they are walked down too atl . wash rinse repeat cycle . Most have charts that mirror the himalayas .
USA stocks are incredibly over inflated. Nearly 70% of companies that float on the nasdaq after 2 years lose over 75% of their value due to the incredibly overinflated valuations. The S&P 500 even Buffet last year commented it's 50-60% overpriced.
You also got the worry of the pound devaluing.
I use cfd's just to short certain stocks on the USA markets they have no expiry dates and at present the majority of EV stock apart from tesla is a money making machine.
History is indeed repeating itself in America. In the 1920's they were over 2000 yes over 2000 motor vehicle manufacturers with the mass production of the combustion engine . Only 3 remain today Ford ,chrysler and General motors as Buffet pointed out . the motor car changed the world but as an investment point even the companies that did survive ,it's been disastrous from an investment point of view.
in fact it looks as though they are taking 90% of the security,as the deferred share and making it worthless and just to add insult to injury you lose any voting right.
**** take comes to mind .😭🤣
17 brands Asos has remember and a established beautiful shopping platform with 25 million active MAU'S.
Don't Let big sticky fingers Mike have them for less than £15
ASOS Luxe, As You, Collusion, Reclaimed Vintage, Weekend Collective, Topshop, Topman, Miss Selfridge, HIIT, Dark Future, Unrvlld Spply, Crooked Tongues, Day Social and Actual
They've basically taken 10% of the value of your security and issued a secondary share and they've made them shares valueless.
Subject to of course to the mandatory vote that shareholders agree.
Looks like they want to raise some money and instead of going the normal route of a offering and dilution they just reduce the value of your investment and take 10% of the value of the company to raise capital.
Bizarre but obviously they (management ) must have a huge amount of holding to not want to do a offering.
Risk is they could be a sell off that will really dent the SP .
ashley wanted top shop and asos bought it for £350m . he could quite easily partner someone for a takeover. he's interested in every retailer in the uk . i'm sure if he had the money he probably would buy every decent ukretail company. he must be laughing how this opportunity of such asos depressed sp came about it's a 4b a year operation and the sp is on the bones of it's **** . crying out for someone that has a good ceo with a just a little bit of a grey matter to turn this turd around.
this never fails to disappoint. i'm waiting for under 3 quid to average down to make it worthwhile.
adding here would only **** me off further if it did fall under 3 later on .
many on here that have since disappeared believed asos would never go under 10 from around may 22
with the rise in short interest wouldn't be surprised if it does fall further but i will see that as a opportunity .
Fashion Nova for instance make it difficult for customers to return items . Customers also have to return items to a delivery point that sometimes is far from convenient.
Fashion Nova
This online-only fast fashion retailer may be popular among 20-somethings with an eye for trends, but the return policy is anything but attractive. Except in limited cases, returns can only be refunded for store credit, and the return shipping costs are your responsibility. Returned items need to be in pristine condition with the original tags attached. Bodysuits, swimwear, undergarments, beauty products, cosmetics and accessories aren’t eligible for returns, nor are any items with prices that end in $.00, .96, .97 or .98, as these are considered final sale.
I followed this out of interest ever since IPO .
It's playing out exactly like 97-98% of drug development companies do on the market. Especially the nasdaq where most IPO at huge inflated M.C and make money solely on the flotation than they ever would as a company.
As an investment this is typical of this type of stonk to behave.
Lose 80% or more of the M.C after a couple of years than need to raise money to continue. usually a offering at a huge discount of the present MC ,that usually drops the SP well below the discounted price and of course the dilution with anything between 20-60% more shares .
Obviously the company will need too repeat that process again and again usually with just a slim chance of success of a product.
Not saying Oxford might or might not get a product onto the market . But 99% of the time investors lose heavily and the risk far out weighs the potential returns.
Think only positive here if BATC buys this but it's a slim chance.
The people selling now would only sell when it's slightly up anyway for pennies. So it would remain stagnant better to drop heavy and let some MM's put some money in.
It's incredible at these depressed levels how much short interest there is ,although if you look at AO world that dropped to 38p made a slight recovery but the short interest was insane .
Ashley bought around 10% stake for 45P about a year ago, now it's around double than now .
Low sales on the high Street !! yes . But online sales at it's higest since Feb 2022 !!
https://news.sky.com/story/bigger-than-expected-drop-in-retail-sales-after-julys-wet-weather-12942081