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I read it overall as a good result - like for like growth with production reduced to upgrade pelletiser. Once complete by Q3 c.30% more capacity opened up. Whilst ore at an ATH. As for a forward looking view, great news. I’m in the same boat as to the Russia query and will likely see some positive raise here, I disagree on divi, I’d expect another positive divi although not a special
They didn’t until they sorted quality and reliability. In fast fashion for a teen who’s planning horizon is tomorrow a two wk delivery might as well be two years. I don’t dispute they are an issue. However In terms of loyalty I don’t see the pull
Stellar profit performance. Decent growth. Good integration of new brand- would have liked to have heard more about very recent trading.
Watch outs as trying to work out impact on SP and read across as we will follow
GP hit by 200 bps is shocking ‘covid logistics’.
Overall ebitda up way ahead - will need to drill into that to see if any category/ operating benefit for BOO
Not sure what analyst consensus on results would be . I think the results are good but lacks any real forward looking update which would be my other concern for ASOS SP.
this usually means it and the sector will fly this am !
Alas having seen the quality of the product and the length of time it takes to arrive, I just don’t see it until they improve both aspects. The gap as I see it for boo is the 12-15 yr old new customer acquisition. They don’t know boo they know shein. Do we even have a range for that age group.
We have cash in the bank if img go down the dispose route...
it's the hope that kills you....... can't see it linking to New Tax year.
Though i do think that a number of deals across a stack of companies will be stuck in the Easter 'hopper' its the same as Christmas, mad dash for the line and then everyone switches off, hence why April has historically been the best month of the year for shares.
there will be the inevitable sell off of shares from PI's to move funds to tax free status.
Are you having a laugh. Risk vs reward. All the drop happened. It will suspend on 6th if no rto at which point it will be suspended until they raise funds Which is the plan. If they can’t raise the funds you get Market cap back- close to cash
no, basically you can buy 12 more shares at 1.84 for every 25 you own is how i read it.
they will list at the Current SP but likely price will drop on admission read the prospectus.
in short its a good deal if you think the share is a positive and will grow as these Rights issues are discounted.
DYOR.
definitely interesting...............
only a few more days to formal suspension on the 6th April but Good F and Easter Mon mean its going to be interesting between now and Thursday.
Filter button brings calm. Anyone investing based on a BB solely deserves to use advfn board. Now that’s a home for the unhinged.
For balance.
Pros
1. ESG Progress, big tick. This will take time to address and gain trust- 2 to 3 years before investment trusts put this firmly back on the radar . Where we are now mitigates risks that were inherent.
2. Lots of acquisitions that should be adding value now at good margin. No view of trading performance.
3. Cash in bank to expand. Nil debt.
4. Growth markets in play and a clear focus abs strategic intent
5. ‘Platform’ model in development to enable additional bolt on brands/ categories.
Cons (not In order)
1. Chairman - for his strong entrepreneurial skills, challenge is he the right man to steer this tanker. Always a risk that the negative press try and dampen the success story.
2. Huge growth expectations underpin valuation. Gets tougher every year to manage that
3. Competitors online and reestablished physical such as primark will take share. ( pro here is the reopening of the economies will grow the overall
Market)
4. Genuine desire by press to find a problem with this brand. there will be bumps to the SP.
5. SP rise has been cyclical. It has become overly obvious which means people buy and hold to results and sell before irrespective of stellar update. I can’t see this changing (3 results I’ve held with the, this will be good and the next leg up)
6. On the AIm so a day traders dream with no stamp duty. Gets traded hard.
I’ve a 4.15 target. Hoped we be there so I can cut and move funds. With a fair wind and a good pre results trading update I think we will breach £4. About 30 days to results. Ave of 10p a week....
Relatively new here, underwater as sentiment dropped after recent divestments.
i'm still here as the reason for joining- leap, Juv and a number of fledgling investments are still live.
NAV update at yr end will rerate and see some growth
the big question is what do FFWD do with the recent cash spoils, put simply the share price drop for me is a bigger worry as it suggests a lack of confidence that these monies will be well invested.
The rest of the whining is pathetic. CEO having confused loyalties? Measure him on results or divest.
I fully expect the BOD are lining up investments post New Tax year. If not, then i'm not sure what they are doing as this is an investment business!