Member Info for Romek

Tui putting in solid results and positive future bookings will definitely help those clothing sales, looks like a lot of cost housekeeping in ASOS going on as well..looking good.

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.

Let also not forget the UK is getting a bit noisy on a new potential outbreak (illness) and covid tests being short with people getting infected again so this will drive customers online not high streets.

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.

Ashley must be trying to force the other two big holders hands to bid??

I sure if he wanted out in volume at that price there's three people who'd have taken the lot...either yearly expenses for him or making a statement.

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.

I'm with you KBK and Savvy I'd rather not sell and go 12-18months for the bigger prize (hopefully turnaround) but if £17-£20 lands on the table now possibly yes thanks very much :)

Agree with KBK the 20-30 age group will still spend and holidays is the number one on the list for all ages and the spend on clothing is still here and happening. (they are in the process and changing their time of the year wardrobe)

Whilst out yesterday I visited a large shopping complex and it was packed but the offering by most stores wasn't great and sizes limited, yes there were sales on but my wife looked at certain items then commented I will but it online when we get home??? Add to that so many empty-closed stores and predominately the age group on average shopping were 40+ so highlights the younger generation love online. One more point to add and I know the returns is an issue but watching yesterday 70% plus customers I watched used the changing rooms and on average don't buy all the items they try on...we have to get a bit real on this one.

Agree with the comment earlier that the events after close today will spark a lot of press over this weekend but I still stick with my take on this that unless the offer is £15-£20 not a chance as they want the long term share price value out of this. I do think a certain shareholder here will create negative press to get his way on the price so kind of expect a bit of noise here for a bit.

Time to sit back over the next few months and watch your share price grow.

If Thursday was going to be bad the CEO would be toast as part of the cash raise as part of the clearing up and previous negative RNS.

After Thursday ASOS go quiet in the press on the back of an ok/flat update.

Also said “credit insurers withdrew last week” which didn’t happen last week, I think MA has made the article about his him and it’s all about piling pressure on getting this company. The negative press centres all around one individual and it stinks.

If and a big if that when that offer of £12 was made had they been in distress and not worked out a sensible plan they would have been at the table talking so lets get real here.

does it have short term issues yes but long term this can be sorted and if there are companies that want this cheap they aren't coming here to lose money are they so they can see the opportunity so I don't blame them taking £12.

Good article HH Nick Sleep is part of the new set up that could help sort this business out and maybe bring back an old face at the top seat? additionally they could strengthen the board with more muscle and skill set.

TT pretty sure cant see a MA/Camelot synergy but can see Polv/Camelot and Nick Sleep synergy not sure MA is part of the plan??

Clothing in the high street apart from a few like Zara H&M the rest is dire and expensive for what it is, the UK love value/quick and kick it back if it is not for them, look in your street where you live its littered by online deliveries hourly in some cases so the UK love of online is here to stay and bricks and mortar whilst will still be here will shrink in its footprint just like the grocery sector. I would be more concerned with an over SQ footed retailer at this moment in time and a labour government on its way to depress it further (it will) mind you not sure the Tories have a good look at the moment :)

TT the amount of companies that are currently trading now and the last 2 years with limited supplier insurance is bigger than we think, also you have exaggerated that it is all their insurance (which it isn't) also they have so much stock they aren't in a rush for more(which isn't a bad thing as stops them overstocking and being lean and pushing what they have) their website done properly (which is what the company was built on) will steer their customer on to the stock they have and further incentivise them with discounts to clear the wrote off product as well boosting the margin. These are not mug retailers they just took the wrong turn and paid a high price and now need to get back to reality that customers have again realigned since pandemic and the high street reopening.

Remember.. they picked up new customers during pandemic (still shopping with them probably and a new audience) also the high street has poor stock levels and lack of inspirational stores such as House of Fraser a proper mess of a once fine department store or a Sports direct on steroids /unattractive proposition in so many empty units and the UK who is more into leisure than shopping these days and working from home for a majority of 2 or more days a week (need casual wear not business dress) so many dept. stores are on their backside (John Lewis prime example and just lost £400m just like that and looking to take on private equity) the high street is in a mess FACT.

ASOS is realigning itself to the current marketplace and with a £4b cash revenue no large rents/high staff levels this business can be tweaked so fast and the debt in my opinion will get settled quicker than we think so no fire sale to take place here at £5-£7 sit back for the £15-£20. MA in my opinion is not built for online on scale as NEXT and he would be dire in this space as he is a market trader of retailing(just my thoughts)