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It’s certainly going to be an intriguing update. William barker buying £2 million worth of shares prior to the close period. Will there be much cash generation/reduction of debt? How much old stock do we have left to get rid of? Where are we in the guidance of -5-15% revenue reduction this year. Are we on track to return to growth from June onwards? Big questions that will start to determine our SP moving forwards. Positive RNS after positive from now would be great :)
Oh yeah absolutely, all these shares being manipulated until the turn occurs. The big boys aren’t bothered by the drops as they can look further down the line than the majority of PIs. All this works for MA at the moment I’m guessing.
Very interesting though the lower this goes may force someone to come out of the shadows. Trading update soon.. come on 💪
Completely agree west. Good posts. I think the beginning of the turnaround for ASOS is imminent (this year) and if you can hang until 2025-26 then we should see some decent gains. :) I'm bullish on ASOS so this gradual grind lower doesn't bother me too much, just aslong as this next update shows good progress.
Their MCAP 6 billion. C12x or so more than us. Granted they have much better figures than us at present and their revenue is 2.5-3x more than us but once our figures start turning and the profit starts to come through with reduction in debt there is no way our valuations will remain that far apart. That is with them historically undervalued aswell. We will be soaring over £10 IF the company does what it says it is doing.. and is successful in the turnaround. just a matter of time. Imo.
This is why it's up 16% today I guess. https://corporate.zalando.com/en/financials/zalando-full-year-23-results
Good to see though.
I suppose the good thing is we will be as good as 7 months into FY24, so the company ‘should’ have made decent progress on its turnaround goals and have a good idea of how we are faring heading towards fy25. We know the first 6months have been very challenging but it’s what lies ahead which is what will propel this. Could be a nice surprise.
When you say poor, you mean not attuned to the guidance as that will be quite poor tbf. However the turnaround has to be on track otherwise yes things will look a whole lot worse here.