Why did ASOS shares fall despite great results?
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ASOS(LSE:ASC) is a big-name UK retailer. As well as selling branded clothing on its website, it also sells own lines, mainly targeting young adults. Given the powerful online presence and distribution network it has, the pandemic has been good for business. But after the announcement of stellar half-year results yesterday, ASOS shares actually fell. What’s going on here?
Positive results
ASOS shares closed Wednesday just below 5,800p, but closed yesterday just above 5,600p. As I write, the shares are down another 4% today. Usually I would note such a move in line with a disappointing set of results. But the results were quite the opposite.
US$12.3 TRILLION out of thin air…
And if you click here we’ll show you something that could be key to unlocking 5G’s full potential.
It’s essential to take into account the stock’s historical performance when analysing its recent gains. Indeed, when viewed from a long-term perspective, this week’s performance isn’t that impressive.
Following recent gains, the stock is currently changing hands at 0.42p. That’s a decline of 95% from the stock’s five-year high of 8.4p. And if we go back to 2005, the all-time high for UKOG shares stands at 124p. Shareholders who’ve owned the stock since have lost 99.7% of their capital.
2 unloved FTSE 100 stocks I’d buy before it’s too late
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As the UK moves out of lockdown and the economy’s wheels begin to turn a little quicker, the FTSE 100 has gained a boost and has tracked upwards quickly from the start of April. Good news for the broader economy, however, does not always equate to good news for individual companies.
I’ve pulled out two Footsie companies that have had a difficult time of late but, as a result, may represent an opportunity for me to buy. I will personally be following their progress closely to make the most of their lower cost before a potential rise.
US$12.3 TRILLION out of thin air…
And if you click here we’ll show you something that could be key to unlocking 5G’s full potential.
The PageGroup share price is up 44% over a year, although it still trades around 7% lower than three years ago. However, the top FTSE 250 stock is up a thumping 9.99% this morning, after CEO Steve Ingham reported
“increased confidence in our outlook for the year” and predicted full-year operating profit of between £90m and £100m.
The PageGroup share price tempts me
PageGroup has demonstrated the importance of geographical diversification, as gross profits in the Asia-Pacific region raced ahead of Europe and the US, growing 15.3% and by a thumping 45% in China. By contrast, US profits fell 9% and UK profits 11%.
Could the Tesco share price perform like Amazon?
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US-based retail behemoth
Amazon has been an incredible performer. Its shares more than quadrupled in the past five years alone. Over that time, shares in
Tesco (LSE: TSCO) are up just 3%. Yet Tesco is also an accomplished online retailer. Could the Tesco share price show growth like Amazon’s in years to come?
Here I look at some of Tesco’s digital opportunities and what it could mean for the Tesco share price.
US$12.3 TRILLION out of thin air…
And if you click here we’ll show you something that could be key to unlocking 5G’s full potential.