Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Do you believe what you write? ASC paid a lot of money for a key fashion brand and now they writing it off based on name? Also this is still probably getting sold and doesn't happen overnight there is a process/due diligence to follow before announcing it I am sure.
My thinking that Top Shop is currently an asset and will settle a resorbable part of the debt putting this company even quicker to trade into a profit, I just cant believe that people write about something that cost millions and now you would think they would write off...clueless!!
🤯
Also the current CEO presides over the results in March (take the glory) so nice swan song for him.
I like the bottom paragraph of todays RNS-
In line with its announcement released on 16 January 2024, CAB Payments continues to expect total income for 2023 to be approximately 25% above the prior year. The Company will provide additional detail on performance in 2023 at its next scheduled update on 26 March 2024
Are you for real mark99999
Forgot to add the offer if there is one is lowest £9-10 best case £12-£14 if in next 3- 6 months. There are many challenges ahead for competitors and the landscape of bricks and mortar is massively changing with more retail sites going to housing-reluctance of retailers to commit to new sites and more importantly Shein is going to run into bother is my view with its tax implications and potential structure of its business.
I think we may see an offer across the table between now an end of December as there is vulnerability but strong green shoots for the right buyers. I didn't think an offer would come so quickly but leaning towards this outcome now.
This is an £80m+ profit making the business and come winter this year the high street could be hit with the next strain putting clothing en mass back online. The big new names like Shein and other have potentially got bigger problems long term (compliance/slavery and US corporate governance) ASOS has the benefit of an established business and credible name which will count on this retail space long term. My take is yes there are above normal on the shorts front but I think the knife has cut a serious amount of cost out of this business going forward so if your into holding this long term my opinion is massive upside.
I'm sure if you look around the high street/shopping malls too many units/lack of investment to take these units and so many bricks and mortar retailers struggling in the space, even M&S are chopping up their stores lending more to the food area. Super dry taking loans from Hilco ans suspension of shares...there's more to come in this sector and NEXT and Mike Ashley know it, ASOS has the attractiveness of its already set up distribution/website so now time will tell wether someone stumps up a decent offer or the current holders get it back to a winning profitable concern.
That reads terrible about ASOS competitor article:
Shein is under investigation by United States lawmakers over its labor practices along with Temu, Nike and Adidas. The Securities and Exchange Commission has also been asked to halt a potential IPO from Shein until it proves it does not use forced labor in its supply chain
Nice little bit of advertising on BBC Breakfast today on HireStreet rental clothing(tied in with ASOS) market predicted over next 2-3 years of around £2.3B. they are filming on the news from Motherwell is that one of ASOS? not sure.
Happy did you say those clothes you questioned all sold out? I rest my case even at a low price but hey not worth arguing over.
if every buyer was to buy a best seller every time the world would be perfect so taking into to account the amount of SKUs they sell there wasn't loads to clear, roll on September update.
I should imagine the investors here aren't their target audience for shopping with them so don't overreact to what the clothes look like.
The general vibe with retailers in general bodes well for us so as long as there are no weird ones all should be safely on course.
Don't forget all the stock they wrote off and showed up in last set of numbers that gets sold on the pop up site gets declared as pure profit!! Additionally every new customer account created gets counted on top and more importantly every sale distracts from other competitors.
PR stunt or not they are creating retail theatre.
Bodes well for us and with our giveaway sale on (remember written off stock at previous RNS goes back on as 100% profit) and the UK flipping their wardrobe this could set us up nicely for the next update:) The UK is in holiday mode and current interest rates whilst denting spending they will find that slow down moving/large projects so will need a feel good boost as in clothes and leisure.