Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
Question for LTH or those with knowledge. Have they stated a dividend policy? Let’s say they get to £400m profit in 2 years which is quite possible, what would a dividend look like?
Am considering a big chunk in my SIPP to leave and then approx 4 years or so hoping on todays money there is a dividend of aboit 50p a share…. Some calculations I did says this is realistic, perhaps even likely. Interested in views and facts
I don’t want it to happen but can see an opportunistic offer before the trading update. Still feel Alibaba makes huge sense as it would give them massive reach to distribute their products into ASOS customer base. I hope the management would reject any offer for next 3 years.
Cat is still in the bag, but not for much longer. I am reasonably sure there will be an earlier than expected update on trading and even if not am 100% sure it will beat previous guidance that was conservative. Dyor
I see it similar. Overall the people that are negative have all of the correct things to be negative about from 6 months ago, but I believe they are all in the share price at double weighting, ie price should not be here based on what we know and what to expect. Shares get valued on the future and the near term future there is a suggestion of a real uplift to expectations in the market. It’s definitely better than every casino in the world because with research and a good understanding of a business you have the odds well and truly stacked in your favour. I see this as an 8 to 1 bet, only a black swan takes this much lower but what we already know (or suggested) values it lots higher… ok I’m off to golf, good luck!
I still see a major breakout potentially this week. There are too many pointers to the fact that the next update could be eye watering in a good way, certainly in comparison to the market cap attached to it.
Think about the numbers YOU expect to be announced, then pretend the share price is at 396p with a market cap of 472m…and then decide what you would do. The only part of the story that needs filling in is the next trading update and you have a gap of time to position ahead of it. I believe some big funds are going to have the same perception as me and position ahead of it. Time, as always, will tell!
Zalando comparison of free cash flow, growth, revenue, balance sheet generally comparing market cap to ASOS is a good option for anyone who understands such numbers. Strikes me that UK companies are bing way too harshly hit over past 12 months. While inflation has been huge drag, it is remarkable the different valuation the market gives these 2… bodes well for next 12 months as the market only gets valuation wrong for a certain length of time!
Similarweb has ASOS at number 2 in category in April and May, Next is 1 and M&S 3. In March ASOS was number 3 so this is looking very good for results, large increase in the visits during that period. There hasn’t been a large clothing retailer reporting bad numbers recently, all saying stronger than expected spending and pricing has been able to be increased. I liked Primark say they don’t need to increase any more due to falls in shipping and cotton costs!! Interesting days ahead, I will avoid the “fun” share price predictions, that was just to stimulate a little debate..
Close above 410p today and big rise tomorrow coming! Imvho
I wonder if Mike Ashley is looking to create some sort of super retail App, having shares on the sports, electronic, branded and cheaper branded goods he would have leverage to do something interesting. Nearly like an Amazon on a smaller scale with discount across the group and cross selling… not sure but his continued stakebuilding across online retail is very clearly positive!
Good stuff Cigem and thanks for sharing. I believe the next update is likely to be o the upside for what was said at last trading. This based on everything said about peers and the weather and your comments resonate with what I am doing in terms of spending before going away..
Business over next 18 months are going to be judged very critically over free cash flow, cost management, growth and net debt. Those that show they are really making money in fast growing markets without much debt will do very well, and those that can’t reduce debt and or grow cash will do very badly. Clearly you can tell which camp I believe ASOS is in and all evidence over the last 6 weeks points this way.
From CEO cash flow expectations to focus on profitable growth. Peers like Primark and Next telling about seasonal trading, shipping costs, margin improvement and lower capital outlay as most of the big infrastructure and distribution costs and upgrades already done… exciting times!!
If genuine order and email that is good news. Too many clues that summer weather trading and pricing power are good and costs for shipping and materials are falling for me to not add further here.
I’m happy to hear negative and positive articles, it helps.
My issue with the article is that it appears written by an idiot that doesn’t understand business at all. We all know the shares have fallen and likely as they got a hit ahead of themselves along woth cost problems, supply chain problems and some bad management decisions. Does that mean they are not going to continue growing, fix the problems to groe profitable and become even more ruthlessly efficient with returns, margins, marketing to the 24 million customers? Answer no. Are these customers going to switch on mass to less efficient random new companies with poor service, bad infrastructure to handle millions of orders and returns and have no scale to market or stock with the best fashions tjr right size in stock to fulfil their orders to high standards each time? The investment in world class robotic distribution, world class marketing and the customer base loyal (overall) - see repeat customer data company releases.
That article is just drivel, with a little fact that the shares have fallen a lot. What a shame for Mike Ashley he hadn’t read it so he could have saved the tens of millions just invested in the highly efficient online retailers that he has just bought big stakes in. And I’m sure hundreds of millions of free cash flow expected in the next year will now just not happen because the millions of customers will all go to Poundland in their Ferraris, pick up the latest fashions after paying for the petrol and parking and find the colour and sizes of all of their favourite brands available to buy at decent prices….
That article is one of the worst one sided views of great businesses that I have ever read, but if you believe him then do sell your shares to me or Mike Ashley or somebody else with a little more rounded view of big business.
Link to US crackdown on Shein etc is on BOOHOO chat site this morning
And US is cracking down on Shein and Temu.
But remember the news here is still the last trading statement. Undervalued full stop!
Chill, somebody happy to spend £2m at 408p, it’s only good news whatever it represents. Yes there is a seller, but likely market maker has mopped them up to sell on rather than somebody selling the batch..
Tomorrow is looking interesting, I’m glad rates put up 0.5 as that shows more control of economy and inflation and lower inflation is going to make retail shares fly
Very close to FOMO setting in for traders here! Woosh.
Forget the meeting, rubbish! Look at the bid!! Game on I think
Soon see what US investors make of it, more with connections to Amazon at corporate level which should tell around now on the price action
I’ve been considering buying Ocado anyway recently so this is a perfect situation. I believe it is real as it makes perfect sense for Amazon who can roll out the tech worldwide far faster than Ocado would be able to. If it starts to pop again towards and over £6 I think it will be big tell as there are a lot of people likely to know about this and tongues wag, hunan nature!