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Asos ShareCast News (ASC)
ShareCast News for Asos (ASC)
| Share Price: 4,081.00 | Bid: 4,080.00 | Ask: 4,087.00 | Change: 0.00 (0.00%) |  | ||||||
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ASOS Product Director sells stake in firm
Mon, 16th Jul 2012 15:52
Robert Bready, the Product Director of online fashion store ASOS, has sold all his ordinary shares in the firm, less than a week after the company unveiled a strong first quarter.
Bready, who begun his career at the High Street fashion River Island, pocketed himself £2.6m after trading in 143,125 shares for 1,818p each.
Last week the firm posted a 31% rise in first-quarter retail sales after a strong performance from the US, Australia and resilient trading in the UK.
The group said it continues to trade in line with expectations and remains positive about its outlook. Retail sales rose to £137m in the three months to June 30th.
UK retail sales for the three months increased 8.0% and International sales jumped 49%.
Although he no longer holds any ordinary shares, Bready was earlier this year granted 788,604 ordinary shares of 3.5p each, of which half will vest in September this year and half 12 months later.
Shares in ASOS are down more than 22% over the past year, equivalent to 529p. However, since late April things have picked up and in the last month alone shares are up 12.5%, or 207p.
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Director name: Mr Eugene Shvidler
Amount purchased: 2,037,794 @ 110.00p
Value: £2,241,573
Obtala Resources Ltd (OBT)
Director name: Mr Simon Rollason
Amount purchased: 175,000 @ 19.84p
Value: £34,720
VP (VP.)
Director name: Mr Allison Bainbridge
Amount purchased: 8,000 @ 298.00p
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Equatorial Palm Oil (PAL)
Director name: Mr Michael Frayne
Amount purchased: 100,000 @ 12.70p
Value: £12,700
Software Radio Technology (SRT)
Director name: Mr Andrew Christopher Lapping
Amount purchased: 50,000 @ 20.90p
Value: £10,450
Top Director Sells
ASOS (ASC)
Director name: Mr Robert Bready
Amount sold: 143,125 @ 1,818.00p
Value: £2,602,012
Pacific Alliance Asia Opportunity Fund Ltd (PAX)
Director name: Mr Christopher M Gradel
Amount sold: 353,151 @ $1.42
Value: $501,474
Pacific Alliance Asia Opportunity Fund Ltd (PAX)
Director name: Mr Anthony M Miller
Amount sold: 72,577 @ $1.42
Value: $103,059
Wetherspoon (J.D.) (JDW)
Director name: Mr John Hutson
Amount sold: 3,500 @ 441.70p
Value: £15,460
NR
Bready, who begun his career at the High Street fashion River Island, pocketed himself £2.6m after trading in 143,125 shares for 1,818p each.
Last week the firm posted a 31% rise in first-quarter retail sales after a strong performance from the US, Australia and resilient trading in the UK.
The group said it continues to trade in line with expectations and remains positive about its outlook. Retail sales rose to £137m in the three months to June 30th.
UK retail sales for the three months increased 8.0% and International sales jumped 49%.
Although he no longer holds any ordinary shares, Bready was earlier this year granted 788,604 ordinary shares of 3.5p each, of which half will vest in September this year and half 12 months later.
Shares in ASOS are down more than 22% over the past year, equivalent to 529p. However, since late April things have picked up and in the last month alone shares are up 12.5%, or 207p.
Top Director Buys
Highland Gold Mining Ltd. (HGM)
Director name: Mr Eugene Shvidler
Amount purchased: 2,037,794 @ 110.00p
Value: £2,241,573
Obtala Resources Ltd (OBT)
Director name: Mr Simon Rollason
Amount purchased: 175,000 @ 19.84p
Value: £34,720
VP (VP.)
Director name: Mr Allison Bainbridge
Amount purchased: 8,000 @ 298.00p
Value: £23,840
Equatorial Palm Oil (PAL)
Director name: Mr Michael Frayne
Amount purchased: 100,000 @ 12.70p
Value: £12,700
Software Radio Technology (SRT)
Director name: Mr Andrew Christopher Lapping
Amount purchased: 50,000 @ 20.90p
Value: £10,450
Top Director Sells
ASOS (ASC)
Director name: Mr Robert Bready
Amount sold: 143,125 @ 1,818.00p
Value: £2,602,012
Pacific Alliance Asia Opportunity Fund Ltd (PAX)
Director name: Mr Christopher M Gradel
Amount sold: 353,151 @ $1.42
Value: $501,474
Pacific Alliance Asia Opportunity Fund Ltd (PAX)
Director name: Mr Anthony M Miller
Amount sold: 72,577 @ $1.42
Value: $103,059
Wetherspoon (J.D.) (JDW)
Director name: Mr John Hutson
Amount sold: 3,500 @ 441.70p
Value: £15,460
NR
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]
