oldjoe1
20 Oct 2015
ASC, BULLISH ARTICLES....... Asos shows signs of recovery as sales rise 18%[link] confident on outlook as profit edges higher[link] expects about 20% sales growth for new year[link]
oldjoe1
20 Oct 2015
ASC, Broker UPGRADE....... ASC BROKER UPGRADE....and from one of the better Brokers..20 Oct 2015 ASOS Plc ASC Numis Buy 3,164.50 2,928.00 4,250.00 4,250.00 Upgrades
oldjoe1
20 Oct 2015
ASC, FULL BROKER NOTE...... ASC As Seen On ScreenResults this morning (below) well received by the market, the stock looks to have plenty of upside as long as discretionary spending does not get hit by economic matters in the future.[link] Cantor: HOLD<b><i>Final results were broadly in line with our and market expectations. Pre-tax profits in the year to end of August rose by 1% to £47.5m vs. CFE Research £48.0m (Company consensus: £47.2m). Gross margins were reported to be up by 20bps to 49.9% (CFE Research -8bps) recovering strongly in the second half as a result of a strong full price sales mix in this period. Gross margins, however, declined by 230bps in Europe to counter adverse currency exchange movements. Costs were up by 21% impacted by higher payroll and warehousing charges offset by lower marketing. Net cash was much stronger than our forecast at £119.2m benefiting from working capital gains. The current year has started well and the company are guiding toward sales being up by 20%, gross margins being down by 50bps and operating margins being in line with the previous year at broadly 4.1%, which implies earnings growth of c.20%.Following this update, we are retaining our FY2016 pre-tax profit forecast of £58.0m (EPS: 53.7p). The stock, which has declined from a high of £42, has started to recover from September’s low of £25. The company is now of a meaningful size with sales forecast at over £1.3bn in FY2016, has relatively strong cashflow and a ‘state of the art’ logistics infrastructure. Earnings, however, have declined over the last two years and although they are set to improve in the current year, the improvement in momentum, we believe, is priced into the stock. The departure of Nick Robertson as Chief Executive, who was the ‘guiding light’ of the business, is an added concern. The stock remains highly valued at 54.5x our FY2016 fully diluted earnings forecasts. We are reinstating our recommendation as HOLD from Under Review and our TP at 3000p from Under Review.</b></i>
Tenobas
12 Oct 2015
This is getting tedious Every day the price shoots up at the open by about 60p only to fall back throughout the day.We do not have to speculate too hard to think of why that might be happening.The early bird catches the worm?
Tenobas
10 Sep 2015
UBS sells 3.61% [link]
II Editor
02 Sep 2015
NEW ARTICLE: ASOS founder gives up top job "LSE:ASC:ASOS founder Nick Robertson is stepping down as boss of the online fashion house after 15 years at the helm, making way for his protégé Nick Beighton. The pair have worked closely together navigating recent difficulties, with the new boss ..."[link]
Tenobas
05 Aug 2015
Does this work? [link]
Tenobas
05 Aug 2015
Re: Traffic Stats They do not look very good.[link]
EoinHouly
15 Jul 2015
Traffic Stats Hi.Is anyone on here looking closely at Asos traffic stats, conversion rates etc? I am looking at some other online retail stocks and think we can make some good predictions if we can consolidate data across the industry.Let me know if you're interested.Best.Eoin
II Editor
03 Jul 2015
NEW ARTICLE: Week ahead: ASOS, M&S, Sainsbury's, Trakm8, UK Budget "Monday 6 JulyTelematics and data provider LSE:TRAK:Trakm8 will reveal its final numbers at the start of the week.House broker finnCap anticipates full-year earnings before interest, tax, depreciation, and amortisation (EBITDA) doubling to £2.4 ..."[link]
Tenobas
26 Jun 2015
Re: Sell Recommendation - CEO offloads FWIW I'm with you on this one.
Tenobas
19 Jun 2015
Bean feast Thank you Radio 4.
II Editor
02 Apr 2015
NEW ARTICLE: Stock of the week: ASOS recovery underpinned "After trading at sky-high prices this time last year, a series of profit warnings pulled LSE:ASC:ASOS down from its dizzy heights. The online retailer has been trying to stage a recovery since and its first half results have finally impressed. ..."[link]
city watcher
02 Apr 2015
Little Retail Darling ! I reckon investors here should know that looking at the general retailers today 'JQW ' seemsto be moving up this winners today chart. Chinese companies are doing well and their results relating to their e-commerce will be worth reading and smiling about on 30th April.[link] Release16 February 2015 JQW plc ("JQW", the "Group" or the "Company"
Pre-Close Trading UpdateNotice of Preliminary Results JQW plc, a domestic Chinese B2B e-commerce operator, provides the following trading update as the Group enters its close period. The Board confirms that revenues for the period were ahead of market expectations, with unaudited management accounts showing revenues reaching approximately RMB 784 million (2013: RMB 490 million). Profits for the period were in line with expectations and profit before tax for the period has increased to around RMB 212 million (2013: RMB 170 million) (exchange rate: RMB 9.6 : £1). Consistent with recent trends, our distribution mix has seen a further rise in the sales agencies channel, as opposed to our own sales force channel, from 78% of revenues in 2013 to 88% in 2014. This has translated into higher cost of sales as a result of commissions paid to agents. Similarly, our client base has continued to trade up to more expensive packages, which provide them with advertorial services through other media channels. The cost for JQW to purchase advertising rights on different media channels to support the advertorial services rose from RMB 10 million in 2013 to around RMB 58 million in 2014. This has also translated into a decline in gross margin. As at 31 December 2014, the Group had 241,000 active fee paying members which compares to 221,000 at the end of June 2014 and 197,000 at the end of December 2013. JQW remains highly cash generative and the Group maintains its strong balance sheet with cash as at 31 December 2014 amounting to RMB 395 million (2013: RMB 344 million). This robust cash position, which is after the Group paid an interim and special dividend to shareholders totalling RMB 101.6 million in October 2014, is equal to 21.3 pence per share or 195% of the Group's market capitalisation as at 13 February 2015. Yongde Cai, Chairman of JQW, said: "The Board is extremely pleased with the solid progress that the Group has made throughout 2014. Trading in the new financial year has started positively and we are close to finalising the development of our platforms for smartphone users which will further broaden our offering and take advantage of the rapidly growing Chinese B2B e-commerce market. "As expected in such a fast growth marketplace, we are beginning to witness some increased pricing competition from other B2B platforms in China. JQW's management team anticipated this market evolution and have already initiated a focused marketing strategy as well as a review of the packages that we offer our customers in order to maintain our competitive advantage. "JQW remains committed to its AIM listing and the Board believes that JQW continues to be well positioned for future growth." The Group will be announcing its 2014 Final Results on Thursday, 30 April 2015. An analyst briefing given by Peter Chen (Chief Executive Officer) and Wei Boon Kooi (Chief Financial Officer), will be held at 9.30 a.m. at the offices of Abchurch Communications, 125 Old Broad Street, London, EC2N 1AR. - Ends -
II Editor
01 Apr 2015
NEW ARTICLE: ASOS revival continues apace "A series of profit warnings made 2014 a year to forget for LSE:ASC:ASOS. The online fashion retailer made less money in the first half of the current financial year, too, but price cuts are driving sales higher, and bosses reckon full-year profit ..."[link]
