Directors dealings: Asos founding partner cashes in some shares
ASOS
343.40p
16:34 25/04/24
Asos co-founder Nicholas Robertson cashed-in on some of the shares of the company he helped found in 2000.
FTSE AIM 100
3,628.91
16:49 25/04/24
FTSE AIM 50
3,950.61
16:49 25/04/24
FTSE AIM All-Share
753.12
16:50 25/04/24
General Retailers
3,915.52
17:09 25/04/24
On 26 October, the non-executive director of the digital fashion retailer sold 150,000 shares at an individual price of 5,662p, for a total transaction amount of £8,492,999.84.
Just over a week before, Asos reported a 145% surge in pre-tax profits to reach £80m, on the back of a 33% jump in sales to £1.9bn.
Management lifted its outlook for full-year sales.
Three days later, analysts at HSBC upgraded their recommendation on the stock to 'buy', lifting their target price on the shares in the same go, from 6,250p to 6,650p.
Robertson's sale came just as stock in Asos dipped below its 200-day moving average, albeit only slightly.
"The recent pull-back in the shares reflects the increase in FY18e capex despite the long-term growth and margin expansion it infers. Our new APV-derived TP is driven by a modest increase in FY18-19e PBT (+1-3%) and rolling our valuation model over to next year."
Top Director Buys
Impax Environmental Markets (IEM)
Director name: Scott,John
Amount purchased: 38,925 @ 254.00p
Value: £98,869.50
Intercontinental Hotels Group (IHG)
Director name: Harlow,Jo
Amount purchased: 1,000 @ $53.85
Value: $41,670.78
Landore Resources Ltd. (LND)
Director name: Humphries,William
Amount purchased: 1,750,000 @ 2.00p
Value: £35,000.00
Landore Resources Ltd. (LND)
Director name: Prickett,Richard
Amount purchased: 1,250,000 @ 2.00p
Value: £25,000.00
Parity Group (PTY)
Director name: Rommel,Alan David
Amount purchased: 200,000 @ 8.50p
Value: £17,000.00
Pcf Group (PCF)
Director name: Brown,Mark
Amount purchased: 55,000 @ 28.00p
Value: £15,400.00
Landore Resources Ltd. (LND)
Director name: Green,Helen F
Amount purchased: 500,000 @ 2.00p
Value: £10,000.00
Primorus Investments (PRIM)
Director name: Strang,Donald Ian George Layman
Amount purchased: 1,163,235 @ 0.22p
Value: £2,559.12
Centrica (CNA)
Director name: Pusey,Stephen
Amount purchased: 1,361 @ 172.00p
Value: £2,340.92
Totally (TLY)
Director name: Barter-Ng ,Lisa
Amount purchased: 5,000 @ 41.49p
Value: £2,074.50
Centrica (CNA)
Director name: Valle,Margherita D.
Amount purchased: 1,152 @ 172.00p
Value: £1,981.44
Witan Inv Trust (WTAN)
Director name: Rogoff,Ben
Amount purchased: 74 @ 1,056.95p
Value: £782.14
Top Director Sells
Asos (ASC)
Director name: Robertson,Nicholas
Amount sold: 150,000 @ 5,662.00p
Value: £8,492,999.84
St James's Place (STJ)
Director name: Lamb,David
Amount sold: 38,325 @ 1,172.00p
Value: £449,169.01
St James's Place (STJ)
Director name: Croft,Andrew
Amount sold: 33,987 @ 1,172.00p
Value: £398,327.65
St James's Place (STJ)
Director name: Gascoigne,Ian
Amount sold: 33,987 @ 1,172.00p
Value: £398,327.65
St James's Place (STJ)
Director name: Lamb,David
Amount sold: 33,987 @ 1,172.00p
Value: £398,327.65
St James's Place (STJ)
Director name: Cornish,Iain
Amount sold: 19,210 @ 1,172.00p
Value: £225,141.21
St James's Place (STJ)
Director name: Croft,Andrew
Amount sold: 19,210 @ 1,172.00p
Value: £225,141.21
Judges Scientific (JDG)
Director name: Hambro,Alexander
Amount sold: 7,500 @ 1,890.00p
Value: £141,750.00
St James's Place (STJ)
Director name: Croft,Andrew
Amount sold: 3,054 @ 1,181.00p
Value: £36,067.74
St James's Place (STJ)
Director name: Lamb,David
Amount sold: 3,054 @ 1,181.00p
Value: £36,067.74
St James's Place (STJ)
Director name: Gascoigne,Ian
Amount sold: 2,632 @ 1,181.00p
Value: £31,083.92
Crh (CRH)
Director name: Colgan,Neil
Amount sold: 516 @ € 31.66
Value: € 14,950.64
Crh (CRH)
Director name: Colgan,Neil
Amount sold: 516 @ € 31.66
Value: € 14,950.64
Kingfisher (KGF)
Director name: Laury,Veronique
Amount sold: 2,294 @ 302.90p
Value: £6,948.53