Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yep, though I'm not really looking for or expecting a buy out. When this starts generating profit which it has done consistently for years barring the last few then we will rerate. What P/E we will come to is open to debate. Zalando is 80 something! We won't just open up at £10+ one day this will start to rerate when the market starts expecting us to be back to positive EPS.
I agree in terms of Shein, it's huge and it has appeal from a certain section of market but ASOS has a huge number of customers and higher quality. They are slimming down, becoming agile to respond to consumers needs and becoming highly profitable again. I know which share id rather buy if shein valued at £70 billion and ASOS at 140x less than that... If my maths is right. 😅
Interesting to see how LSE values Shein post IPO, if it happens. Revenue £30 billionish. Profits of approx £1.6billion. IPO at estimated £70 billion. Seems crazy.
Kind of makes the likes of ASOS look crazy undervalued at c£400million with revenue of £3 billion.. hopefully making profits of c£100million+ from FY25 onwards.
It may give fast fashion a buzz again... Interesting.
Haha I reckon the days when ASOS are in the papers for the right reasons, i.e. the narrative changes will happen again soon.. FY25 the narrative will change. It's been said but you can start to see the consumer discretionary stocks starting to release half decent results/updates leading to increasing cash generation etc. This will transition eventually into a full blown bull market. Imo of course, though it doesn't take a genius to know they go in cycles lol.