Wednesday newspaper share tips: Asos, Michael Page
13th Apr 2016 14:11
(ShareCast News) - It remains exceedingly difficult to value Asos's share price in any rational manner, The Times's Tempus said. After rising by 300p they're back to the roughly 56 times this year's earnings they were trading on about a year ago, which means they are discounting an "awful lot of gro
Read moreAsos beats forecasts thanks to US surge and price investment
12th Apr 2016 07:22
(ShareCast News) - Half-year sales and profits from Asos were comfortably stronger than forecast as the online fashion retailer said its pricing investments and high flow of new clothes styles has improved the proportion of full price sales and reduced its reliance on promotions. For the six months
Read moreAsos closes lossmaking China operations, boosting analyst forecasts
7th Apr 2016 09:48
(ShareCast News) - Asos has pulled its local China operation, a decision that is likely to cost the online fashion retailer roughly £10m, but will continue to supply customers in the People's Republic from its UK base. The AIM-listed company, which has a market capitalisation of more than £2.5bn, sa
Read moreFriday broker round-up
5th Feb 2016 15:07
(ShareCast News) - Enterprise Inns: Barclays downgrades to underweight with a target of 80p. Thomas Cook: HSBC reiterates hold with a target price of 100p and JP Morgan keeps at overweight with a 170p target. Victrex: Deutsche Bank keeps at hold, 2000p target, UBS maintains neutral with a target
Read moreBroker tips: Schroders, Asos, BHP Billiton
21st Jan 2016 16:21
(ShareCast News) - Schroders current share price offers an attractive entry point for investors, having dropped said RBC Capital Markets as it upgraded the asset manager to 'outperform'. Setting a price target of 3,100p that offers more than 25% upside, RBC said Schroders had the strongest balance s
Read moreAsos has the force as Exane warns of European on-line 'clothing wars'
21st Jan 2016 08:24
(ShareCast News) - Exane painted a doom-laden picture for traditional European clothing retailers in the next few years, as Amazon stands on the cusp of becoming a top-10 clothing retailer in the US with Europe next in its sights. With a nod to George Lucas' interstellar series, Exane entitled its n
Read moreAsos tumbles despite strong start to year
14th Jan 2016 09:18
(ShareCast News) - Sales accelerated in the first four months of Asos's new financial year, in line with forecasts, with the online fashion retailer's UK and international arms contributing well and profit margins only slightly squeezed. Group sales of £446.9m in the four months to 31 December were
Read morePeel Hunt upgrades ASOS, expects strong sales momentum
17th Dec 2015 15:31
(ShareCast News) - Peel Hunt upgraded ASOS to 'buy' from 'hold' and raised the price target to 4,000p from 3,750p. "ASOS is clearly back on the front foot. Not only do we expect strong momentum in sales, but the prior-year focus on full price sales has continued into Q1, with lower discount activity
Read moreBroker tips: ASOS, Domino's Pizza, top picks in oil and gas
17th Dec 2015 15:26
(ShareCast News) - Peel Hunt upgraded ASOS to 'buy' from 'hold' and raised the price target to 4,000p from 3,750p. "ASOS is clearly back on the front foot. Not only do we expect strong momentum in sales , but the prior-year focus on full price sales has continued into Q1, with lower discount activit
Read moreLondon midday: Shares fall as BoE's McCafferty calls for rate hike
20th Oct 2015 11:18
(ShareCast News) - London stocks snapped an earlier climb on Tuesday after the Bank of England's well-known hawk Ian McCafferty again called for an interest rate hike. McCafferty, who was the only member of the Monetary Policy Committed to vote for higher interest rates in the past three meetings, s
Read moreASOS posts small jump in annual profit
20th Oct 2015 07:40
(ShareCast News) - Online fashion retailer ASOS posted a 1% rise in pre-tax profit for the year to 31 August as revenue grew, with UK sales particularly strong. Pre-tax profit came in at £47.5m from £46.9m, on revenue of £1.2bn, up 18% from last year. UK retail sales rose 27% to £474m, while interna
Read moreTuesday preview: Asos to report 'positive momentum' in full-year
19th Oct 2015 14:20
(ShareCast News) - Online fashion retailer Asos is expected to report "a continuation of positive momentum" in full-year sales on Tuesday, according to HSBC analysts. The popular website is forecast to report a 19% jump in revenue to £1.16bn as busy shoppers increasingly turn online for their clothi
Read moreBroker tips: Tate&Lyle, Asos, Premier Farnell
24th Sep 2015 17:14
(ShareCast News) - Tate & Lyle was the standout gainer on the FTSE 250 after Liberum upgraded the stock to 'buy' from 'sell' and lifted its price target to 670p from 505p. "While history is disappointing - four profit warnings and a collapse of around 40% in pre-tax profits since full-year 2014 - we
Read moreLiberum ups ASOS to 'buy' following recent share price fall
24th Sep 2015 12:34
(ShareCast News) - Liberum upgraded ASOS to 'buy' from 'hold', saying three things have changed its view of the stock. Firstly, it believes that the investment in infrastructure coming on stream should drive operating leverage over the next few years. Secondly, it pointed to the recent sharp fall i
Read moreASOS CEO Nick Robertson steps down
2nd Sep 2015 07:45
(ShareCast News) - Online clothing retailer ASOS announced that after 15 years in the role, Nick Robertson, the company's founder, will stand down as chief executive officer, although he will stay on as a non-executive director. Nick Beighton will succeed Robertson as CEO and the changes will take e
Read more