Asos has announced better than expected H1 20 results, however, the group saw sales dropped 20-25% in most recent weeks due to the anti-pandemic measures imposed. To prepare for this unpredictable COVID-19-led business contraction better, the group has placed 15.8 million new shares at £15.60/share. Such a placing is the first in the European fashion retail sector since the COVID-19 outbreak but we believe that will not be the last one.
09 Apr 2020
The day is coming
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The day is coming
ASOS plc (ASC:LON) | 342 -14.4 (-1.2%) | Mkt Cap: 408.0m
- Published:
09 Apr 2020 -
Author:
Jie Zhang -
Pages:
3
Asos has announced better than expected H1 20 results, however, the group saw sales dropped 20-25% in most recent weeks due to the anti-pandemic measures imposed. To prepare for this unpredictable COVID-19-led business contraction better, the group has placed 15.8 million new shares at £15.60/share. Such a placing is the first in the European fashion retail sector since the COVID-19 outbreak but we believe that will not be the last one.