Member Info for sj74

Stop with the porkies now cuppy.. they mention 'meaningful FCF' isn't reliant on revenue generation for FY25 as they rebuild margins back towards 50%.. revenue growth could take 6 months, 12 months or some have taken 10 years but we don't anticipate that... That is what was said.

😂🤣😂🤣😂

It's only 4 weeks old and relevant still nor is it outdated based on information provided by ASOS, it was posted by Goldman after the last update for the facts based on today's release. You can try all you want Roberto.. where is that profit warning again?

Also from Goldman:-

Notably, Asos' own-brand full-price sales returned to growth, aided by the company’s Test & React model, which now accounts for more than 15% of own-brand sales.

Goldman Sachs currently has a 12-month price target of 390p on Asos shares. After a recent rally, Asos currently trades around the 304p a share mark.

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.

They would suck if we were at a much higher SP but at c£3 they ain't bad 😂

Not surprising either.

Where does it say that? I see confidence in 'meaningful FCF generation in FY26'

And broadly neutral this year.

Must be, they are scraping at the barrel here.. Id get it if there was misses on profitability/guidance etc but there isn't.

On track for lower end of concensus so -9% ok.. profitability on track or exceeding. So maybe more a mixed bag rather than poor.

Why? What is different to what was forecast?

Why?? What's been said is what has transpired. No surprises. Better EBITDA compared to concensus. On track.

What would someone else do different.. it's not like they are sat on their hands, they are active in turning the business around.

Yeah which is 9% I believe.. that'd be ok and would show signs it's stabilising. Good job they are becoming much more profitable 😅. The upper end remember is revenue growth and hitting that when saying H1 is-13% would be a miracle.

And the £42.5 million EBITDA is a lot higher than analysts forecast of £34 million.. not bad for a profit warning

Could be red could be blue won't be surprised with either lol

Yeah same, middle of the road for me.. as expected. Better EBITDA than expected for H1 but everything reiterated for FY and a mention of confidence of meaningful FCF in FY26. :) happy enough turnaround is progressing.

GL all, see you at 7 bells 😅👍

I don't believe Ashley has stopped, he has taken over 2 years to take his stake in ASOS to over 25%.. at times many months between buys.. he has bought 11% quite quickly here really and will probably add more at certain times. Once this is flying they won't buy anymore.

It's no different to any of his other buys in Boo, ASOS, Currys, AO etc

I think we could do with 6-12 months of newsflow from the standalone 'cash generative' companies before Thai can be properly valued.. likewise any serious bids that reflect the figures posted by the company.. anything prior is opportunistic bids trying to prise aways parts of the company on the cheap.

The offline side of Nutrition is really starting to grow now, I'm noticing more and more in the likes of Sainsbury's, Morrisons, H&B, boots etc..

You've kind of said it yourself there Stanley.

THG will make 'possible 'profit whereas APN are highly profitable and demonstrating this in their results.

THG has demonstrated nothing yet until it starts posting these figures the market isn't having any of it.

It's the Q1 update I'm interested in not the results..