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Asos ShareCast News (ASC)
ShareCast News for Asos (ASC)
| Share Price: 3,811.00 | Bid: 3,811.00 | Ask: 3,826.00 | Change: -79.00 (-2.03%) |  | ||||||
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Severn Trent Chief Exec ditch shares to cover liabilities
Fri, 8th Jun 2012 16:28
Tony Wray, the Chief Executive Officer of Severn Trent, the FTSE 100 utility provider which serves eight million customers, has ditched 4,570 shares in the firm to cover his tax liabilities following the award of shares under a long-term incentive plan.
Wray traded the shares at 1,747p a pop, pocketing a tidy profit of £79,838 and leaving him with a total of 17,731 shares.
Only a week ago the director was forced to defend the company's decision to pay a special dividend of £150m, equal to 63p per share, despite a decline in annual profit and soaring consumer water bills.
In a statement made on May 30th, Wray said the company had "delivered outperformance" and its shareholders "provide the capital investment for us to keep investing in our networks".
Profit before tax fell 38% to £156.7m in the year to the end of March, something the firm blamed on operational, infrastructure and employment costs.
Top Director Buys
Bank of Georgia Holdings (BGEO)
Director name: Mr Neil Janin
Amount purchased: 10,000 @ 1,070.00p
Value: £107,000
Mithras Inv Trust (MTH)
Director name: Mr John Mackie
Amount purchased: 25,000 @ 106.00p
Value: £26,500
Yule Catto & Co (YULC)
Director name: Mr Just Jansz
Amount purchased: 10,000 @ 190.00p
Value: £19,000
Hays (HAS)
Director name: Mr Alan M Thomson
Amount purchased: 25,000 @ 73.05p
Value: £18,262
Mecom Group (MEC)
Director name: Mr Zillah Byng-Maddick
Amount purchased: 15,039 @ 74.19p
Value: £11,157
Top Director Sells
ASOS (ASC)
Director name: Mr Peter Williams
Amount sold: 50,000 @ 1,723.70p
Value: £861,850
Euromoney Institutional Investor (ERM)
Director name: Mr Diane Alfano
Amount sold: 10,000 @ 775.00p
Value: £77,500
Wray traded the shares at 1,747p a pop, pocketing a tidy profit of £79,838 and leaving him with a total of 17,731 shares.
Only a week ago the director was forced to defend the company's decision to pay a special dividend of £150m, equal to 63p per share, despite a decline in annual profit and soaring consumer water bills.
In a statement made on May 30th, Wray said the company had "delivered outperformance" and its shareholders "provide the capital investment for us to keep investing in our networks".
Profit before tax fell 38% to £156.7m in the year to the end of March, something the firm blamed on operational, infrastructure and employment costs.
Top Director Buys
Bank of Georgia Holdings (BGEO)
Director name: Mr Neil Janin
Amount purchased: 10,000 @ 1,070.00p
Value: £107,000
Mithras Inv Trust (MTH)
Director name: Mr John Mackie
Amount purchased: 25,000 @ 106.00p
Value: £26,500
Yule Catto & Co (YULC)
Director name: Mr Just Jansz
Amount purchased: 10,000 @ 190.00p
Value: £19,000
Hays (HAS)
Director name: Mr Alan M Thomson
Amount purchased: 25,000 @ 73.05p
Value: £18,262
Mecom Group (MEC)
Director name: Mr Zillah Byng-Maddick
Amount purchased: 15,039 @ 74.19p
Value: £11,157
Top Director Sells
ASOS (ASC)
Director name: Mr Peter Williams
Amount sold: 50,000 @ 1,723.70p
Value: £861,850
Euromoney Institutional Investor (ERM)
Director name: Mr Diane Alfano
Amount sold: 10,000 @ 775.00p
Value: £77,500
Broker tips: Ocado, ASOS, BT Group
Following today“s AGM statement from on-line grocer Ocado analysts at Panmure Gordon believe there is an increased chance that it will reach a deal with peer Morrison.[10 May '13]
Broker snap: ASOS is in a 'sweet' spot, UBS says
'Better impossible' may be the most apt title for UBS“s research note on Friday morning for retailer ASOS, except for the fact that it could conceivably get even better.[10 May '13]
Tuesday broker round-up UPDATE
Aberdeeen Asset Management: Morgan Stanley raises target price from 478p to 548p retaining an overweight rating. Bank of America ups target price from 455p to 475p and leaves its neutral rating unchanged. JP Morgan increases target price from 532p to 573p and maintains an overweight rating. Citigroup ups target price from 455p to 470p, while its neutral rating remains unchanged. UBS moves target price from 500p to 520p and retains a buy recommendation. Jefferies revises targe[30 Apr '13]
ASOS confident for remainder of year
Online fashion retailer ASOS delivered an increase in first half profit and retail sales and said it is on track to meet full year targets.[30 Apr '13]
Sunday share tips: ASOS, AB Foods, Archipelago Resources
Internet fashion retailer ASOS is in fashion and will continue to be so for some time to come. Yes, the company“s latest trading statement - due out on Tuesday - is likely to show that gross margins suffered this past fall and winter as the outfit "invested" in more customer traffic via price reductions. Yet that is likely to turn out to have been "a pause to refresh," and it worked. Sales have shot up by a third over the last half-year. Thus, some analysts see the shares ris[28 Apr '13]
ASOS announces retirement of International Director
Online fashion retailer ASOS said its International Director Jon Kamaluddin is stepping down from the board after nine years with the company.[24 Apr '13]
Monday broker round-up UPDATE
Aberdeen Asset Management: Jefferies takes target price from 400p to 420p maintaining a hold recommendation.[8 Apr '13]
Tuesday broker round-up UPDATE
Afren: Liberum Capital shifts target price from 123p to 130p maintaining a hold recommendation.[2 Apr '13]
