I'm surprised to see there are no followers of Mulberry here given its meteoric rise over the last year or so - some people say it has a lot further to go but Midas of the Daily Mail says to tke some profits and sell half if you got in back in June - one to keep an eye on given its propensity to go up in a straight line almost

Sunday Newspaper Tips

Thats what I fear will happen to Asos the day it does not live up to expectations.

Only a matter of time.

The time has come... 1000p now

Preliminary results

FINANCIAL HIGHLIGHTS
· Full year results in line with guidance given on 22 March 2013
· Total revenue of £165.1 million (2012: £168.5 million)
· Retail revenue up 8% to £107.2 million, up 6% like-for-like
· Wholesale revenue down 16% to £57.9 million, reflecting European account rationalisation and destocking by Asian partners
· Profit before tax of £26.0 million (2012: £36.0 million), reflecting an investment in directly operated international stores and a contraction in gross margin
· Basic earnings per share of 32.2p (2012: 43.9p)
· Proposed dividend of 5.0p per share (2012: 5.0p per share)

OPERATING HIGHLIGHTS
· 17 new international stores opened, in line with plan
· Construction of second UK factory completed on 3 June 2013
· Enhanced product range including bags, small leather goods and men's accessories
· Established regional structure and invested in talent across the business

CURRENT TRADING AND OUTLOOK
· Retail revenue up 9% for the 10 weeks to 8 June 2013, like-for-like sales up 6%
· Modest growth in wholesale sales expected for 2013/14
· Three new stores opened since 31 March 2013; targeting 15 to 20 new stores during 2013/14

RNS profit warning sp down 26% @657p