Member Info for sj74

So he's increased his shares but his % has gone down a touch due to increase in ASOS shares.

No he's increased.. ggg is right. The share count has gone up as of 1st may. When he breached 29% in April he had:-

33753112

Now he has. 33775687

Let's not forget the ass covering by them to allow them to do a sharp.u-turn-

The bank outlined several upside risks to its current stance, including a stronger-than-expected consumer environment, improving online penetration, and a sharper-than-forecast recovery in gross margins as inventory normalises.

Goldman said the scaling of the Test & React model and the successful roll-out of Partner Fulfils could also boost performance.

However, for the bank to adopt a more positive outlook on Asos shares, it would need to see a “return to profitable market share gains, stemming from the successful scaling of the Test & React model for the ASOS own brands, and roll-out of Partner Fulfils for the partner brands.”

“To the extent that this drives stronger earnings and free cashflow growth, it could drive a higher ASOS target valuation, and a more positive view on the shares,” stated Goldman.

Good shout Yorek, would be interesting if that's a possibility..

Yeah exactly.. not many excuses left so you would expect nutritions margin to be heading back to double figures, shouldn't even be a real issue. They had some good excuses during the rebrand which I get but they should now start to be rebuilt.. that will make this profitable again.

Personally I'm much happier buying into this post ingenuity demerger. Come half year/FY results the margin in nutrition needs to be so much better than the 6% it has been achieving. They will be out of excuses, as the rebrand is complete so they can't blame on clearing old stock and they can't blame the Whey price as APN, Glanbia etc have maintained double digits Margins. If we are still stuck around 6% then it's very poor and something is amiss.. then I'd be looking to get out.

I don't get the fixation on MA stopping at 11%..

It is not any different to what was done with ASOS, AO, Debs, Currys etc where it took time to build sizeable stakes.. sometimes went a few months or so between holdings RNS. Took over 2 years to get over 20% stake in ASOS.

Undervalued assets being bought low with a long time horizon to reap the benefits..

Brave?! He will of sold by 9am tomorrow 🤣

Well put mover 👍

Forget the FY results, it's all about the Q1 trading. Nutrition is doing well... Everyone here was waiting to slate it.

Beauty is the one underperforming this time.. but they reiterated guidance for this year and mid digit revenue growth.. so, meh fairly neutral on it..

Nevermind eh, sun is shining 😉.. no point fretting.

Good morning, have a nice week :)

£10 by Xmas... Or a takeover led by Polvsen at £6.. no other alternative 😆.

Nahh, I have my exit and I'll stick with it. Atb

Thanks Matt, appreciate your thoughts. Have a lovely evening :)

Profitability isn't taking longer than expected though as that's working, nothing has changed there regardless of revenue growth. Revenue growth does need to come. However they have effectively stated this will be profitable come FY26 regardless of revenue growth.

And -9% is better than the last 2 years so it's stabilising.

They can't put a date on when revenue will grow again as they have no idea, they are just pressing ahead with making everything better with the company. It could happen in the next few months or next few months. At least they admit they don't know rather than guessing.

Nothing about a profit warning or anything from ASOS about orange man bad.. time to hold your hands up?

Correction meaningful FCF for 26

No he didn't, that has only come from you on this board.