Member Info for sj74

Can anyone see where it says the next trading update will be announced? For the last few years it's mentioned following H1 but nothing I can see.. maybe a return to more regular updates due to outlook improving? Probably to early to tell but you never know.

Decent results.. as I read it it net debt c£290 million at 1st September but with the £130 million off TS. Net debt now stands at £160 million :)

Margin massively improving and EBITDA up over the year. The one thing they are omitting or trying to steer us away from is revenue growth but it looks justified to me with the profit improvements and build revenue over time.

Overall looks good, I continued to hold.

If you choose to be miserable that's down to you, I'm quite excited personally for the next few years :) have a nice day.

All that has happened is it has gone up and down in the same trading range for nearly 18 months now.. you have not been right, it has traded sideways.

Unless this breaks under £3.20 or above £4.50 then mehhh who cares.

Good to see the shorts are staying low. 2 more trading days until results :)

Hi Suzy, yes decent little update.

Slight delay but ultimately no delays with the end goal. Importantly we are progressing.

Hopefully a Kal update soon :)

I hold more than what's been sold here today and the market gap drops £10-15 million lol. It's just market volatility, nothing more.

Yeah must be all those sells.... Oh wait there is no volume 😂. Roll on Tuesday :)

“the biggest retailer-rental collaboration the UK market has seen to date”

https://fashionunited.uk/news/business/asos-and-hirestreet-partner-on-subscription-rental-service/2024102978279

Https://www.moreaboutadvertising.com/2024/10/asos-puts-its-faith-in-mothers-the-or-for-a-turnaround/

ASOS is making moves to recover fashion credibility and customers (particularly ones who don’t return everything they purchase) by signing some more upmarket high street brands like Arket and Veja, and expanding its partnership with Mango. These third party brands account for 60% of sales.

Advertising alone can’t turn around ASOS’ fortunes, but this should at least inject the brand with a bit more meaning.

I like where ASOS is going, feels like they are starting to gain direction again.. let's see not long to wait for the guidance and financial guidance etc. :)

At a time when ASOS Is preparing for a return to growth :)

Yeah like it... Bit of streets for background music too.

I think MA would want that but I just don't see it happening.. why would they have to if they manage the turnaround and return to growth FY25. Povsen and will barker (Camelot) wouldn't go for it imo and ASOS won't be desperate. They've bought themselves time.

Good of you to self reflect 👍

I think it's going to be very interesting on the 5th November when they update the strategy and Financial guidance. They'll have a good idea how the new model is working by then and what the company will be working towards for FY25. Whether they guide for FY26 aswell.. as they did in FY23 for both FY24 and FY25.

No chance at ASOS imo. Anders top shareholder and William barker with camelot with a large chunk and turnaround progressing there to plan.. unless something changes radically no chance in the short term.

Completely agree.

'I feel Asos shareholder base majority is aligned at the moment and behind the current ceo.'

Interesting indeed.

Thankfully, I reckon ASOS is being run better than boohoo.. soon see on the 5th November but calamonte has made massive changes here more so than the board of boohoo have done over there.

Interestingly GLG dropped 0.01% again to go under the threshold. Must of been to make it look like a large increase in shorts but now back below notifiable.

I can't see shorts increasing too much before results, they really seem to of reined themselves in as the turnaround slowly but surely takes hold. (Guidance on the 5th will hopefully confirm)

I think they were telling us if I'm not mistaken... 'word on the street is Fraser's has been selling' howl 🤣