Make your money go further for just 25p per day

ASOS (LON:ASC) - business might be booming but the valuation looks crazy!

05/05/2009 · ASOS (ASC) 

The pre close trading update from online fashion retailer ASOS for the year ended 31 March 2009 has received a large amount of press coverage. The numbers continue to impress it’s just the valuation that surely beggars belief.

The numbers were indeed excellent with sales for the 12 months to 31st March 2009 up 104% to £165m and profit before tax expected to be ahead, but only slightly, of market expectations.

As at 31st March 2009 the business had £13.6m of cash so presents a very different picture to those indebted retail peers.

At the operating level the business continues to perform admirably in the face of an extremely tough retail climate, begging…

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 Company Insights

Budget Eve brings strange share price reactions

29/10/2024 · RWS Holdings · YouGov

Bonkers Bargains: poised to recover with a new CEO

29/10/2024 · James Cropper

Another AIM offer | Results underwhelm | Tough to value

Sign-up to our free email updates

SIGN UP