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Asos ShareCast News (ASC)
ShareCast News for Asos (ASC)
| Share Price: 4,158.00 | Bid: 4,158.00 | Ask: 4,167.00 | Change: 77.00 (+1.89%) |  | ||||||
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ASOS director reduces stake
Mon, 25th Jun 2012 13:18
Robert Bready, the Product Director of ASOS, the online clothes retailer, has slimmed down his stake in the firm with the sale of 44,299 shares.
The transaction, which was carried out on Monday, earned Bready £724,289 and reduced his holding to 143,125 ordinary shares, equal to 0.18% of the total issued share capital.
Just over a month ago, the company posted a leap in earnings following a strong year of expansion of its International business, which more than doubled sales.
Total retail sales grew 49% to £481.6m (2011: £324.1m), with international operations now accounting for 59% of these (2011: 43%). International retail sales surged by 103% to £283.7m during the year, while UK sales grew 7% to £197.9m. Total group revenues were up 46% to £495m (2011: £339.7m).
Profit before tax and exceptional items was up 43% on the prior year at £40.9m (2011: £28.6m), above consensus estimates of £40.1m. Profit before tax, which includes one-off costs relating to the warehouse transition, increased £14.6m to £30.3m (2011: £15.7m).
On Monday the share price fell 1.31% to 1,641p by 13:36.
Top Director Buys
Liontrust Asset Managament (LIO)
Director name: Mr Jonathan Hughes-Morgan
Amount purchased: 250,000 @ 90.00p
Value: £225,000
Polo Resources Ltd. (DI) (POL)
Director name: Mr Neil Lindsey Herbert
Amount purchased: 2,000,000 @ 2.58p
Value: £51,600
North Atlantic Smaller Companies Inv Trust (NAS)
Director name: Mr Christopher H B Mills
Amount purchased: 5,000 @ 1,030.00p
Value: £51,500
Ultimate Finance Group (UFG)
Director name: Mr Roger McDowell
Amount purchased: 185,900 @ 12.00p
Value: £22,308
Intertek Group (ITRK)
Director name: Mr Alan J Brown
Amount purchased: 847 @ 2,563.00p
Value: £21,709
Vatukoula Gold Mines (VGM)
Director name: Mr David Karl Paxton
Amount purchased: 50,000 @ 27.00p
Value: £13,500
Ultimate Finance Group (UFG)
Director name: Mr Jeremy Coombes
Amount purchased: 85,275 @ 12.00p
Value: £10,233
Top Director Sells
ASOS (ASC)
Director name: Mr Robert Bready
Amount sold: 44,299 @ 1,635.00p
Value: £724,289
Hikma Pharmaceuticals (HIK)
Director name: Mr Mazen Darwazah
Amount sold: 60,000 @ 669.00p
Value: £401,400
The transaction, which was carried out on Monday, earned Bready £724,289 and reduced his holding to 143,125 ordinary shares, equal to 0.18% of the total issued share capital.
Just over a month ago, the company posted a leap in earnings following a strong year of expansion of its International business, which more than doubled sales.
Total retail sales grew 49% to £481.6m (2011: £324.1m), with international operations now accounting for 59% of these (2011: 43%). International retail sales surged by 103% to £283.7m during the year, while UK sales grew 7% to £197.9m. Total group revenues were up 46% to £495m (2011: £339.7m).
Profit before tax and exceptional items was up 43% on the prior year at £40.9m (2011: £28.6m), above consensus estimates of £40.1m. Profit before tax, which includes one-off costs relating to the warehouse transition, increased £14.6m to £30.3m (2011: £15.7m).
On Monday the share price fell 1.31% to 1,641p by 13:36.
Top Director Buys
Liontrust Asset Managament (LIO)
Director name: Mr Jonathan Hughes-Morgan
Amount purchased: 250,000 @ 90.00p
Value: £225,000
Polo Resources Ltd. (DI) (POL)
Director name: Mr Neil Lindsey Herbert
Amount purchased: 2,000,000 @ 2.58p
Value: £51,600
North Atlantic Smaller Companies Inv Trust (NAS)
Director name: Mr Christopher H B Mills
Amount purchased: 5,000 @ 1,030.00p
Value: £51,500
Ultimate Finance Group (UFG)
Director name: Mr Roger McDowell
Amount purchased: 185,900 @ 12.00p
Value: £22,308
Intertek Group (ITRK)
Director name: Mr Alan J Brown
Amount purchased: 847 @ 2,563.00p
Value: £21,709
Vatukoula Gold Mines (VGM)
Director name: Mr David Karl Paxton
Amount purchased: 50,000 @ 27.00p
Value: £13,500
Ultimate Finance Group (UFG)
Director name: Mr Jeremy Coombes
Amount purchased: 85,275 @ 12.00p
Value: £10,233
Top Director Sells
ASOS (ASC)
Director name: Mr Robert Bready
Amount sold: 44,299 @ 1,635.00p
Value: £724,289
Hikma Pharmaceuticals (HIK)
Director name: Mr Mazen Darwazah
Amount sold: 60,000 @ 669.00p
Value: £401,400
Thursday broker round-up UPDATE
African Barrick Gold: Citi moves target price from 175p to 124p and maintains a sell recommendation.[Thu 07:01]
Wednesday broker round-up UPDATE
Aberdeen Asset Management: Canaccord Genuity cuts target price from 460p to 440p, while leaving its buy recommendation unchanged.[12 Jun '13]
ASOS quarterly sales soar
Online fashion retailer ASOS revealed an impressive 45 per cent increase in total year-on-year quarterly retail sales and expects full year results to be in line company expectations.[12 Jun '13]
Monday broker round-up UPDATE
ASOS: HSBC Holdings increases target price from 3660p to 4380p and keeps an overweight rating.[10 Jun '13]
Wednesday broker round-up UPDATE
Aberdeen Asset Mangement: UBS cuts target price from 520p to 505p, while maintaining its buy recommendation.[5 Jun '13]
Primark makes first foray online through Asos
Primark has launched its first online venture with the sale of a range of 20 garments through internet fashion retailer Asos.[4 Jun '13]
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]
