Make your money go further for just 25p per day

ASOS (AIM:ASOS) – positive update has the short sellers scampering for cover 

12/03/2015 · ASOS (ASC)  · Boohoo Group (BOO) 

The highly valued online retailer has issued a reassuring update. For the 3 months to 28 February 2015 retail sales grew by +19% (+22% on a constant currency basis), with strong growth continuing in the UK at +30%. They have also seen encouraging momentum in international markets during the quarter at +12% (+16% on a constant currency basis) following the successful roll out of ‘zonal pricing capability’ and planned price investments. However, the margin decline is clearly a concern.

The Group’s investments in warehouse and IT platforms are on track with profit before tax for the full year is anticipated to be in line with market expectations. Consensus estimates are for pre-tax profit of £45.05m and eps of 41.38p putting the shares on a crazy rating of 92x forecast current year earnings.

Online rival boohoo.com, who we have also commented on, looks significantly better value given…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on ASOS

ASOS to join the dinosaurs on the main market

13/01/2022 · Company Insights

AIM’s star performer, and a business that made millions for early investors, has chosen to move…


ASOS prepares to take back its golden crown on AIM

11/11/2021 · Company Insights

Nick Beighton’s departure from ASOS (AIM:ASC) has the feel of the sacking of a football manager…


More on Boohoo Group

Mike makes a move | Bloomsbury blooms | Grape expectations

25/10/2024 · Company Insights

Sports Direct founder Mike Ashley has decided to return to the hot seat, suggesting he is…


Episode 17 of the Investor’s Champion Podcast

10/05/2024 · Podcasts

In this episode of the Investor’s Champion Podcast Chris and Lee discuss the resurgent UK stock…


More Company Insights

Elderly challenges | Demotion | Australian boost

21/11/2024 · Churchill China · CVS Group · Renold · Tracsis

Bonkers Bargains: poised to recover with a new CEO

20/11/2024 · James Cropper

Improving returns | Questionable business models

Sign-up to our free email updates

SIGN UP