Member Info for sj74

This is from last year's financial results:-

It's interesting as it's a really strong brand, particularly in the US so you can really see the appeal. It would have to be a good deal to offload Topshop otherwise there is no point as it's a strong performer.

Within the ASOS brands portfolio the Topshop brands have contributed to both revenue growth and gross margin expansion across all key territories 18 months on from the acquisition. Topshop brands posted strong sales growth of 105% year-on-year in FY22, with growth of more than 200% in the US supported by the wholesale partnership with Nordstrom. Topshop and Topman are now available online and in store in more than 100 locations in the US and Canada, also as a result of the Nordstrom partnership. At the group level, Topshop jeans are now the leading womenswear jeans brand on site, and the Topshop brands have also exhibited strong growth in the dresses category.

On 29 September 2022, ASOS launched the next chapter for Topshop and Topman. The new product collection marks the first season conceived and created entirely under ASOS ownership. To ensure a future-facing approach, ASOS has introduced the following: (i) a digital-first approach with a dedicated storefront, a first for ASOS; (ii) greater inclusivity through the launch of Topshop Curve, the first time the brand will be available from sizes 16 to 28; and (iii) a global approach through the continuation of the partnership with Nordstrom.

I imagine we will learn more this week as part of the 'strategy update' if they aren't forced to release an RNS before Wednesday's update.

Busy here today for a weekend. It's never this busy on a trading day lol. Good the exploration area has been extended. Probably safeguarding the area for the future once we are in production to then expand. No harm in a couple of holes over the next few years though or a few surveys to keep the various authorities happy.

It only acquired it 2 years ago, prior to that it has been a multi billion pound company. It could be a good thing, price depending. Early days.

Either way, watch the SP Monday if there is any real substance to it.

That's the big question. Bought for £330 million 2 years ago. Current market cap of ASOS £460 million. Not sure why we would need to sell though with us now profitable and that brand providing a large chunk of revenue and a good few million it so customers. The deal would need to be right for it to make any sense?

Yeah decent bit of news to try and raise awareness. So we have one of Europe's largest un exploited graphite deposits and one of Europe's largest unexploited iron ore deposits. On paper what's not to love. Once the investment case is put across and we see some actual meaningful progress towards production then I reckon people will be here in the droves. We've just not had that yet and everything has taken yearsssss.

The importance of next week will be the guidance for the forthcoming year not necessarily the results from the prior year. That guidance should result in ASOS first profit making year in a few years or so. Fingers crossed.

Oh it's exchange wide not bem Specific.

BEM related or exchange wide? Not been that much volume for BEM really over there.

Looks that way FF23. Perhaps we can get some funds from Vardar somehow prior to then to push us that bit further. Not holding my breath in that though. The next update must be Vardar now?

Aye, it does produce hope. The PFS is now initiated and ultimately we are still aiming for 2026 so it hasn't changed the timeline. The communication has been poor. The SP needs to be alot higher quite soon really with the timeline and expense associated with it or we need a partner onboard, which is most likely imo/or sold.

So.... We are carrying on with Kurt budges plan but 6 months later.. lol couldn't make it up.

Thanks. Why not when they are allowed to continually buy at sub 400. Won't last forever though. Like you say it'll be interesting in 12 months or so and see how all this transpires.

Putting the garbage imminent bid rubbish aside, final results next week. We need to be staying within guidance even if it's lower end and keep churning out the profit now to make this SP seem even cheaper. Importantly is the guidance, what they expect for the next year. This will have a determining factor on our SP as the next 12 months play out (with macros improving). This sideways SP movement for the last 4-5 months + is encouraging. Very solid base being built.... Hopefully 😆

Not a bad day for a horrible day... So far. But I suppose there is a huge bid coming any minute..

Can't wait until we see the bid RNS within the next 3 minutes.

Buying pressure continuing and a bid incoming any minute. GL guys.. 🫣

Yes Eric, strange one isn't it. I'm hoping at the conclusion of this review we get a comprehensive update on everything. Not-we will start this and that. It should be started as part of the so called review. Spin off Vardar, sell kallak or JV.. this should be well on its way. Not just Ed and co twiddling their fingers for 6 months then telling us what may or may not happen. That would be appalling.

I'll be honest I thought it was going to be around £10 today after the news of the bid by cop. So confused right now..