Member Info for RobertoLarcos

This was a positive and necessary move by ASOS, restructuring the balance sheet and reducing net debt to sustainable levels.

I'm curious to see the level of haircut the bond holders accepted and the level of interest on the Term loan.

Interest payments would be north of £50m annually so the pressure is still on ASOS to deliver positive FCF

She doesn't know who I am, and neither do you

Katie Cousins covers ASOS at Shore Capital. Unlike her predecessor (Eleonora Dani) I'm not impressed by her credentials nor experience.

Is £10 the price you need to get your money back?

The segment of the business they sold generates £10-20m EBITDA. This is mentioned in the announcement.

If we take the mid-point £15m, it was sold about 9x which makes sense to me.

The implied value of the EQUITY is £300m. Not the value of the company.

The value of the company includes net debt as well, so c.£650m

I mean that's pretty basic stuff

JPM

Maybe they know something you don't

That's only a 12% upside from where we are now

Yep... continue blaming everyone else

If you think the market is corrupt then why do you invest? I love it how you blame everyone else about the SP dismal performance

The one thing I agree with you is that most of these analysts are clueless. That's why they are equity research analysts, and not on the buy side.

Well done james. Cancel anyone with a different opinion than yours

KBYK, you don't have a view because you haven't analysed the numbers

You are biased because you don't want to face the reality that you lost a lot of money

Although I also believe the losses will be recovered by close

KBYK if you look at my calculations you'll get to a similar or slightly higher value than Barclays

But instead you prefer to keep your head buried in the sand

Well that went well.... heading back to the 300?

The bot (Larcos) is the only account on here who has provided a comprehensive analysis for the stock

An excellent chance to cut your losses, before it's too late

Is it time?