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Https://www.hellomagazine.com/shopping/499176/christine-lampard-topshop-asos-blue-midi-dress/
The SP hit 432.3p last Thursday before falling back
Https://www.theindustry.fashion/asos-partners-with-rokt-for-targeted-post-purchase-promotions/
Having read the Telegraph article and the comments I like the idea of having a large tag in a conspicuous place which if removed invalidates any returns.
Never good to see however the volume is low so to me this looks like a tree shake and drop in SP before the expected rise. Once ASOS can show profits then the SP will be back up to much more sensible levels. Frustrating but best to leave it alone for a while. I remain strongly invested and will not sell below £10 a pop and I hope for £15
Just block him. 2 comments from someone who appears to be a child.
Hardly exciting given the drop in the SP overall. A long way to go yet!
HL COMMENT (15 JUNE 2023)
ASOS' third-quarter revenue fell 14% to £858.9m, ignoring the effect of exchange rates, reflecting declines across all geographies.
There was a return to profitability this quarter, with underlying operating profit up £20m on last year, despite the fall in revenue.
Active customers fell by 0.8m to 24.1m in the quarter, reflecting a focus on profitable sales rather than growth. Around £200m of cost savings have been realised year-to-date, with the group saying it's on track to reach its full-year target of around £300m.
As previously announced, ASOS raised around £80m of funds last month by issuing new equity shares, as well as refinanced £275m worth of debt.
Full-year guidance has been maintained, with sales expected to decline by a low double-digit percentage and underlying operating profit anticipated to land in the £40-60m range.
The shares jumped up 15.5% following the announcement.
Our view
ASOS' top line continues to fall as the group prioritises profitability over growth. This decline was largely expected though, and in line with previous full-year guidance.
The group's recently taken major steps to shore up the balance sheet. Around £80m of funds were raised through issuing new equity shares and £275m worth of debt has also been refinanced.
To be clear, equity issues are not usually a good sign for existing shareholders. Cash-strapped companies tend to issue new equity only when they really need to, because it waters down existing shareholders' ownership in the company. But given ASOS' net debt and cash outflows have been rising, it wasn't a complete surprise to see the group resort to this measure.
However, the cash injection provides some wiggle room to execute the ongoing transformation. The plan to improve profitability involves removing unprofitable brands from the platform and re-evaluating the shipping and returns proposition. This has had an immediate impact and we've seen underlying operating margin improve by 3.5 percentage points this quarter.
Costs are also getting stripped back. The majority of the £200m cost savings achieved so far this year were structural, which should provide long-lasting relief to headwinds that have inflated the group's cost base. And the group's on track to deliver another £100m in cost savings by the end of the year too.
And the drive to right-size the disproportionately large level of inventory is making good progress too. There's still plenty of work to be done on this front, but getting this excess stock off the books will provide some tailwinds to margins moving forwards.
Despite the progress on the profitability front, there are still challenges to navigate.
Lower marketing spend and lower levels of discounting are the leading causes of falling revenue this year, and we're cautious about seeing revenues track much higher in the near future. For now, improvements in profitability and cash flow will likely have to come fr
Anyone know? Thanks!
Toli
Get a grip. We all know the LSE do not publish buys and sells. This info is wildly inaccurate so just chill out and let the SP work itself out
I found this particularly interesting given the disparity in the valuations of Asos and shein. From the telegraph.
Chinese fashion giant Shein plans to list in New York
Chinese ultra-fast fashion giant Shein is reportedly seeking to make its stock market debut in New York by the end of the year.
The online retailer has registered with US regulators for an initial public offering on the New York Stock Exchange, Reuters reported.
The Singapore-based company could float by the end of 2023, Reuters reported. A Shein spokesman denied “these rumours”.
Shein has been preparing for a possible New York listing for at least three years, but has delayed plans following market volatility linked to the Covid disruption and Russia’s invasion of Ukraine.
Shein, founded in 2008, was valued at more than $60bn (£48bn) in March.
I have no problem buying 20k's worth
This is a four day bullish reversal pattern. It consists of three consecutive days each gapping lower on the open. After Three Gap Downs the market becomes extremely oversold and ready for the reversal of the current downtrend.
Candlesticker, BULLISH THREE GAP DOWNS PATTERN.
I reckon he just wants a place on the BOD
Normally, you would not expect to get advance news of a T/O. As we all think a T/O is coming then it is highly likely it is not. The SP doesn't suggest a T/O is imminent and the press are just speculating.
I reckon we will have to await some good trading numbers for the SP to rise
I hope I am wrong as I would be very pleased to get anything over 800p in the short term.
GL.
Regarding the ability which gives it the power to block a statutory compulsory share purchase
latest increase to 8.8% from 7.4% cost about £10m and takes Frasers close to owning a 10% stake which gives it the power to block a statutory compulsory share purchase after any takeover offer. It would give Ashley a seat at the table if any bid does emerge.
No class you say. The SP is down 50% so do you think that is class?. MM will never do a PE deal.
So, I am now out and taking a gamble with Asos instead. If the SP goes to low 40's then I may be back.
All in my opinion so if you don't like it then I don't want to hear thank you.
Knowing what you know today. Would you buy now or not?
Agreed.