Member Info for Reardon95

We have most of the revolving cash facility left as per the last update and also £91m or so of uncumbered assets to call upon.

Good business if we could pick it up somewhere in the region of £50m

Ted would be a great fit for DEBS. If we have the cash for it!

Could transform a brand like that just like we successfully have done with Karen Millen.

Big Mike gobbling up more of ASOS will he be tempted for another tranche here?

Meanwhile Mike continues to add. Up to 20% now and over 6% in options. Interesting times!

But Fran most of Next’s performance has come from online sales. I think only online is certainly a risk, I do think the likes of ASOS/BOO should have a look at omnichannel sales I think that gives businesses the best chance.

All these events over the globe and not one deal to announce.

Poor….

Takes ASOS close to the amount they paid alone for TOPSHOP.

Did we over pay or are we massively undervalued?

https://amp.theguardian.com/business/2021/feb/01/asos-buys-topshop-topman-miss-selfridge-arcadia

Stuck in the doldrums until at least next Tuesday…

Still bemused how this was not even communicated to shareholders.

There must be some interested parties out there. Favourable results will be sure to help!

https://www.retail-insight-network.com/news/asos-trendyol-bid-turkey/?cf-view

All this is yearning for is another bid. £1 billion + it will lift the sector and anyone who bought in the last 6 months will be laughing…let’s just hope the board announce the next one!

D) Wanting Camelot to make a move themselves

I'm bullish on ASOS especially at these levels there is a big opportunity here.

Particularly like this statement in the last results.

· Significant operational progress: 84% of the c.£1.1bn stock carried forward cleared through in the year, stock operating under the new commercial model in H2 delivered stronger sell-through, Test & React pilot for high-fashion product produced c.500 options with lead times of c.two weeks, Partner Fulfils scaled to 33 brands across six markets, and technology now in place to accelerate the rollout and provide ASOS Fulfilment Services on Direct to Consumer product.

The big problem here was the complete carelessness buying too much stock and a lot of it from unproven unprofitable brands.

Now that issue is all but rectified and inflationary headwings that impacted this sector have subsided and turned into tailwinds profitability should increase to at least pre-covid times.

Guidance was revenue decline of 5% to 15% I would be delighted if it was edging towards the bottom end of guidance but for me the outlook, profitability and old stock clearance are higher up the agenda here.

Best of luck all, role on the 26th.

What makes you say that Jeremy?

USA

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ASOS, Boohoo facing downside as online-only retail under pressure - analysts

Published: 11:26 15 Mar 2024 EDT

Written by: Josh Lamb

Edited By: William Farrington

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ASOS PLC

LSE:ASC

ASOS bag

ASOS PLC (LSE:ASC) and Boohoo Group PLC (AIM:BOO) are both facing downside on the back of ever-increasing competition in the UK’s online fashion sector, analysts have said.

Coupled with a resurgence in high street shopping and ongoing cost of living pressures, each face tough outlooks, Shore Capital analysts said in a note on Friday.

“Like the rest of the UK online fashion market, ASOS is likely suffering tough competition from players such as Shein, a robust M&S and Next family assortment as well as second-hand disruptors like Vinted,” analysts wrote.

Alongside this, “the sector has been disrupted by the return of the high street post-pandemic,” analysts continued, with soaring inflation hitting younger people’s pockets in particular.

Attitudes toward fast fashion have also changed as consumers increasingly favour ethically sourced and environmentally friendly goods, Shore Cap said, adding further pressure.

Shore Cap cut forecasts for both as a result, with Boohoo expected to face a 15% decline in sales and ASOS suffering a 9.4% decline in revenue this year.

Both metrics should return to growth from 2025, analysts acknowledged, adding work needed to be done by the retailers, which each suffer from being solely online, before then.

“Frankly, ASOS and Boohoo have to demonstrate that they are in control of their own destinies [and] that they can achieve sequential improvement in financial performance,” the bank said.

A ‘sell’ rating was reiterated for ASOS, while Shore Cap kept a ‘hold' rating for Boohoo, adding it saw shares in each falling 15% and 4% respectively over the year.

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We will need a bit of luck that's for sure. Nothing is going shareholders way at the minute.

Over 3% up to finishing in the red....

Https://www.standard.co.uk/business/london-stock-exchange-shares-ftse-100-crisis-equities-fund-outflows-b1145526.html - Not helping us here for sure.

Come on big mike fire another round here

PDS best of luck mate, thanks for your contribution over the years.

Could do with a Good Friday today BOO. Any lower and bottoms will start to twitch…