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