Member Info for RobertoLarcos

The fact is the SP is still 55% DOWN since Calamonte took over in 2022.... 😂😂😂😂😂😂😂😂😂

The eternal bulls always with a positive spin.... 😂😂

Btw you forgot to mention SHEIN in your "everything happens in cycles analysis"

Very it interesting analysis "it will go up because everything happens in cycles"

Well done

James.... with all due respect... who taught you these things and why are you considered an "expert" on here?

I don't see any change since 6 September?

Stuck at under £4.40 it seems?

I'm starting to realise that many people on this BB have invested in ASOS in 2022 or earlier, where the stock was trading at £15-£20+

Yet, 2yrs later after the stock tanked, are still stuck in stage 1 of the 5 stages of grief

DENIAL

Good morning to you too, COPY-kat

Given your prediction track record, I’m not holding my breath

On the flipside I believe given the high interest cost, it must have come with very light covenants which will give management breathing space to focus on the business

I'm not sure what the question is. If you discount the cash flows (i.e. interest payments each year and bullet payment of £303.6m in 2028), at 15% discount rate you will get to the £253m net present value of the 2028 bond.

The "Accreted Redemption Amount" is set in such a manner that, with accrued interest, it guarantees at the date of effective repayment to an initial subscriber of the Bonds (at the Settlement Date of the Bonds) an annual yield to maturity that is identical to that which it would have obtained from redemption upon maturity, namely an annual yield of 14.84%.

The bond matures at 120% of the principal implying 15% effective interest

I agree that there are a lot of positives. I don't agree that credit investors are comfortable with credit risk and that's reflected in the cost of borrowing.

The re-fi was done with a 15% yield to maturity bond, that's junk level

James do you know addition? Ammu123 might need some help

Ammu123 has 10k posts and doesn't know that interest is calculated on gross debt and not on net debt

Embarrassing

Why? This is not even an opinion this is public information published by ASOS

Hello, I feel like I'm talking to children but I will explain..

£253 million convertible debt @ 15% effective interest = c.£38 million

£187 million Term loan at a margin + Sonia which is now 4.95% so say 7% = £13m

£20 million Nordstorm loan @ 6.5% = £1.3m

Now do the easy part and add those up

Sounds like you do that for leisure purposes