ASOS director reduces stake

25th Jun 2012 13:18

Robert Bready, the Product Director of ASOS, the online clothes retailer, has slimmed down his stake in the firm with the sale of 44,299 shares. The transaction, which was carried out on Monday, earned Bready £724,289 and reduced his holding to 143,125 ordinary shares, equal to 0.18% of the total issued share capital. Just over a month ago, the company posted a leap in earnings following a strong year of expansion of its International business, which more than doubled sales. Total retail sales grew 49% to £481.6m (2011: £324.1m), with international operations now accounting for 59% of these (2011: 43%). International retail sales surged by 103% to £283.7m during the year, while UK sales grew 7% to £197.9m. Total group revenues were up 46% to £495m (2011: £339.7m). Profit before tax and exceptional items was up 43% on the prior year at £40.9m (2011: £28.6m), above consensus estimates of £40.1m. Profit before tax, which includes one-off costs relating to the warehouse transition, increased £14.6m to £30.3m (2011: £15.7m). On Monday the share price fell 1.31% to 1,641p by 13:36.Top Director BuysLiontrust Asset Managament (LIO) Director name: Mr Jonathan Hughes-MorganAmount purchased: 250,000 @ 90.00p Value: £225,000Polo Resources Ltd. (DI) (POL) Director name: Mr Neil Lindsey HerbertAmount purchased: 2,000,000 @ 2.58p Value: £51,600North Atlantic Smaller Companies Inv Trust (NAS) Director name: Mr Christopher H B MillsAmount purchased: 5,000 @ 1,030.00p Value: £51,500Ultimate Finance Group (UFG) Director name: Mr Roger McDowellAmount purchased: 185,900 @ 12.00p Value: £22,308Intertek Group (ITRK) Director name: Mr Alan J BrownAmount purchased: 847 @ 2,563.00p Value: £21,709Vatukoula Gold Mines (VGM) Director name: Mr David Karl PaxtonAmount purchased: 50,000 @ 27.00p Value: £13,500Ultimate Finance Group (UFG) Director name: Mr Jeremy CoombesAmount purchased: 85,275 @ 12.00p Value: £10,233Top Director SellsASOS (ASC) Director name: Mr Robert BreadyAmount sold: 44,299 @ 1,635.00p Value: £724,289Hikma Pharmaceuticals (HIK) Director name: Mr Mazen DarwazahAmount sold: 60,000 @ 669.00p Value: £401,400