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- FCA Consults on Fund Product Information and Cost Disclosure CP24/30 – ShareSoc Responds
- FRC Consults on UK Stewardship Code – ShareSoc Responds
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- UK ISA: ShareSoc submits consultation response
- FCA Consultation on Enforcement Practice & Transparency
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- UKSA and ShareSoc Submission to Labour Party Review of Financial Services
- FCA Consultation GC23/2 Financial Promotions on Social Media
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ASOS PLC (ASC)
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Debenhams PrePack, Dunelm Trading, ASOS and Privacy
Post Date: April 12, 2019
Department store operator Debenhams (DEB) has been put through a pre-pack administration. It’s been bought by a new company formed by its secured lenders. Mike Ashley of Sports Direct is furious. His company invested £150 million in the shares of the company in the hope of taking it over, which will now be worthless. He had some choice words to say on the subject which included that it was an “underhand plan to steal from shareholders”, “as normal politicians and regulators ...
It’s Not Just Blood on the High Street – ASOS et al
Post Date: December 17, 2018
The trading statement this morning (17/12/2018) from ASOS (ASC) has caused the share price to fall by 40% at the time of writing. Other internet retailers such as Boohoo (BOO) fell in sympathy.
ASOS reported that revenue was up by 14% over the previous year, but warned that they “experienced a significant deterioration in the important trading month of November and conditions remain challenging. As a result, we have reduced our expectations for the current financial year”.
In effect the previous forecast sales ...
ASOS fire halts operations
Post Date: June 22, 2014
A major fire at ASOS's Barnsley distribution centre late on Friday night (20/6/2014) has caused it to suspend operations. At the time of writing (the Sunday morning following) their retail web site was still not available to shoppers with a message saying the company had "pressed pause on the ASOS web site". It also suggested they expected to be back in operation in the next day or so. It is believed that the fire might have been the result of arson. ...
ASOS – when everyone wants out
Post Date: June 5, 2014
This morning (5/6/2014) ASOS issued a trading statement before the market opened. It wasn't all bad in that total retail sales at constant currencies rose by 33% in the last quarter - and there are not many businesses that are growing at that rate. However, EBIT margin guidance was reduced from circa 6.5% to 4.5% for the current financial year due to increased promotional activity and the relatively higher proportion of European sales. US and ROW sales growth was perhaps seen ...
Dotcom bubbles – Mark 2 – ASOS
Post Date: September 26, 2013
It’s noticeable that the price of on-line retailer ASOS has fallen back slightly of late. It seemed a good idea to look at what the current share price is assuming in terms of forward projections on growth in earnings. Now you can debate whether the near-term growth is 20% per annum or 30%. Analysts’ projections seem to assume about 30% for future growth, whereas the interim results only showed growth of 22% (although sales were up 34%).
The following tables show the ...
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