NEW ARTICLE: City split on resurgent ASOS "After a string of profits warnings last year, there's little doubt that LSE:ASC:ASOS had a decent second quarter. Retail sales grew by 19% and by 30% in the UK, much better than expected. But analysts have kept forecasts largely unchanged, in ..."[link]
NEW ARTICLE: ASOS plc Rockets Higher On 22% Sales Gain "ASOS (LSE:ASC) rocketed 17% higher during the first hour of trading this morning, after the online fashion retailer said that sales growth accelerated to 22% during the second quarter, making it the firm's best quarter for nine months.UK sales ..."[link]
NEW ARTICLE: 3 Reasons To Avoid ASOS plc Now "Online fashion retailer ASOS (LSE:ASC) looks tempting.The shares touched 7000p at the beginning of 2014, but trade around 3300p today. A 14% decline in operating profits on the back of operational problems caused last year's share-price ..."[link]
press comment & brokers upgrades - reason for rise. Could easy make 60.00
no stopping this baby
Re: Sell Recommendation - CEO offloads Looks like he has taken over 100 million off the table in his last few trades.Big numbers and yes I think its far too high.tiger
Sell Recommendation - CEO offloads Shares in online retailer Asos declined on Thursday after chief executive Nick Robertson sold £20.2m worth of shares.Robertson sold 744,600 shares for a price of 2,716.5p each. The sale left him with a 8.36% take in the group, equal to 7m shares.His move comes after a sharp plunge in the shares over the past year, having slumped by nearly 60% in 2014 alone.Asos reported this month a 15% rise in retail sales over Christmas, driven by a 27% jump in sales in the UK.Broker Shore Capital said at the time that the growth in its domestic market would encourage investors following a tough 2014.Meanwhile, Liberum analysts said: "What was previously a low risk pull model where customers worldwide ordered stock from the Barnsley warehouse has become a more traditional model where Asos must send out stock to warehouses across the world and second guess weather and customer demand, implying much higher markdown risk."Asos now has all the stock risk of a traditional retailer but without the bulk buying and long lead times that offset markdown risk."The broker gave a 'sell' recommendation and a 1400p target price.Shares were down 2.55% to 2,558p on Thursday at 11:13
Director sale 28-Jan-15 ASOS ASC Robertson, Nicholas 744,600 @ 2,716.49p £20,226,950 Big chunk £20M in one hit.Games
NEW ARTICLE: ASOS begins year in style "Like many in the industry, LSE:ASC:ASOS suffered from a slow start to its winter season, hardly encouraging for a firm still reeling from a series of profit warnings in 2014. But the online retailer did manage to turn it around in time for ..."[link]
FALL IN SHARE PRICE Does anyone know why the price in dropping brought in Dec am 20% down.
Re: NEW ARTICLE: ASOS punished for sales sli... ...and the shares ended the day up...and are up another 5% today.Best to at least wait until the end of the day before acting smug that you have called it right
NEW ARTICLE: ASOS punished for sales slip "We said in October that online fashion retailer LSE:ASC:ASOS trades on such high valuation multiples "any slip-up here willâ¦be severely punished". Well, despite record trading over the recent cyber weekend, overseas sales fell during the ..."[link]