Member Info for RobertoLarcos

Lovely

Lol, that's how you justify you investment decisions? Jimmy?

Revenue is lower than pre-pandemic levels, when adjusted for the significant inflation experienced in 2022 and 2023. This company is no longer enjoying the benefits of a first-mover advantage or strong growth.

Instead, it is struggling to stay relevant in an exceptionally competitive market, compounded by a failing U.S. expansion strategy, intense competition in it's home market, piling debt and poor leadership.

Painful to watch

He should be gone already, clown

Are they buying puts and selling calls?

...even though the SP movement is proving me right time and time again...

It's a shame that anyone with a different opinion is getting attacked on here

I don't understand your point, KBYK. Has there ever been a stock where the short positions exceeded the long positions? By that logic you should be long on everything!

Sj74... if you really meant what you said about SP movements just being a cycle... then clearly you shouldn't be 'investing' your money on the stock market

20% of stock on loan and that's no worrying you?

Are you claiming that it doesn't matter that ASOS is one of the most shorted stocks on LSE because the majority are long? 😂😂😂😂😂

If that's so obvious then why aren't investors pilling up on this stock? Are you the only 'smart' ones? It's been 2 years since Calamonte took over and has been talking about a successful 'turnaround'... nobody seems to believe it except some ASOS fanatics on this forum.

Do you think you are smarter than all sophisticated investors and hedge funds that have been shorting the stock ever since?

Anyone else with more constructive thoughts?

With the current price stability at close to all time low for a few months now, I believe a buyout at c.£4 per share is quite possible (i.e. 10%+ premium to where the share currently trades at).

Thoughts?

October. And until then... more pain

Hope that the ending is not the same as the book/movie...

Makes sense.. £85m of the £130m I believe already spent in H1 (from CF) - so I guess £45m in H2.

Well a £100m WC swing would certainly be a relief, albeit one-off

Assuming H2 revenue of say £1.7bn and EBIT margin of (say) 3% that's about £50m - and that's optimistic. Then you have c.£45m Capex and £20m interest. You'd need a big working capital swing to get a positive cash flow of that magnitude, I think.

What am I missing?

How much do you expect the H2 FCF to be? The only guidance we have is positive EBITDA in H2 but nothing on cash flow I believe?

Net debt is c.£350m and refinance is in 2026. So basically as I mentioned before no margin of error

Shorts up, SP in free fall, Calamonte in the hideout