Asos’ shares have risen 26000% since it listed (but they dropped today)
Investors are a fickle bunch and they certainly don’t like surprises. However, Asos’ share price fall this morning looks a bit overdramatic at first glance.The online fashion retailer plunged as much as 22% after it announced sales growth had slowed and it was increasing investment. Shares were still down almost 14% in mid-morning trading.Asos said sales grew 26% year-on-year to £137m in the two months to February, not exactly tepid growth but well below the jump of 38% in the previous four Read more [...]