Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Online 'fast fashion' retailer ASOS plc (ASC) has updated that full year guidance “remains unchanged” following trading in the six weeks to 9th January “in line with expectations”. After a number of profit warnings, is this enough to bolster confidence in the valuation – a 2500p share price meaning a market cap in excess of £2 billion currently – here?
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