ASOS: ahead of expectations again
An impressive pre-close trading update from ASOS (LON:ASC) for its financial year ending August 2020 saw the shares climb to year highs.
Sales and profit for the full year are expected to be significantly ahead of market expectations with growth now expected to be between 17% and 19% and pre-tax profit of £130m-£150m, a meaningful improvement on last year’s £33m.
The online retailer for “fashion-loving 20-somethings around the world” had expected…
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
More on 7Digital Group
12/08/2020 · Company Insights
Fashion-loving 20-somethings around the world continue to like ASOS driving the shares to year highs, but…
30/09/2016 · Aimzine
....in the results deluge By Michael Crockett
AIM Rules require that a company reports its Half Year results within…
More on ASOS
26/01/2021 · Company Insights
Two high profile retailers covered here, one of them a Bonkers Bargain selection, have experienced hugely…
13/01/2021 · Company Insights
Trading updates covered here include those of several small AIM companies whose valuations continue to look…
More on Avast PLC
16/11/2020 · Company Insights
Growing cybersecurity concerns could equate to investment opportunities for long-term investors and the subscription-based business models…
12/08/2020 · Company Insights
Fashion-loving 20-somethings around the world continue to like ASOS driving the shares to year highs, but…
More on Craneware PLC
20/01/2021 · Company Insights
Updates covered here include those from several companies where business has bounced back much quicker than…
17/11/2020 · Company Insights
Quality is worth paying a premium for and a company covered here has many of the…
More on Spirax-Sarco Engineering
20/11/2020 · Portfolio
Results and updates this week from our Ultimate Stocks included two accounting software groups and a…
14/10/2020 · Portfolio
Our portfolio has delivered twice the growth of the S&P 500 in the year to date.…
More Company Insights
Does the share price sell-off create a buying opportunity?
Automotive testing specialist pulls off an interesting acquisition
Record revenue from the bitcoin mining specialist lift the shares
More on 7Digital Group
More on ASOS
More on Avast PLC
More on Craneware PLC
More on Spirax-Sarco Engineering
More Company Insights
