3 FTSE Shares Soaring Higher Today

Published in Investing on 12 July 2012

SuperGroup (LSE: SGP), Aegis (LSE: AGS) and 888 Holdings (LSE: 888) all climb more than 10%.

The FTSE 100 (UKX) can't make up its mind this week, and is really just going sideways. At the time of writing it's down 35 points (0.6%) at 5,629, and is essentially flat on the week. It's all down to uncertainties, really -- but then, what is ever certain in this business?

Individual companies have their own stories to tell, of course, and here are three constituents of the FTSE indices that have soared this morning...

SuperGroup

SuperGroup (LSE: SGP) shares climbed 60p (18%) this morning after releasing preliminary results. Sales at the owner of the Superdry fashion brand rose by 32% to £313.8m, but a series of management catastrophes over the year, including a profit warning after an accounting error and stock management problems, led to a fall in underlying pre-tax profit of 15%, to £42.8m.

But there were 26 new stores opened, like-for-like sales grew by 2%, and internet sales now account for 10% of revenues. The market appears to believe in the underlying story.

Aegis

Advertising and media group Aegis (LSE: AGS) shares shot up 74p (45.5%) to 236p after announcing an agreed takeover by Japanese ad agency Dentsu. Dentsu has offered 240p per share, which is a 48% hike on yesterday's closing price of 162p.

Aegis had a great 2011, and for this year has a 45% rise in earnings pencilled in by analysts, which seems to justify the takeover premium. The deal will create one of the world's largest advertising groups.

888 Holdings

Online gambling firm 888 Holdings (LSE: 888) shares soared by 9p (14%) to 74p after releasing updated guidance for the year. The company had a strong second half in 2011, driven largely by its Casino and Poker offerings and by strong growth in Spain, and it appears that has continued in the first half of 2012. Earnings for the full year are now predicted to be "materially ahead of current expectations".

If you'd bought some 888 shares a year ago, you'd be feeling happy today -- they've doubled in the past 12 months.

If we could find a few like these three every day, we'd soon be on our way to making millions. But even without hitting daily rises of 10% or more, it is possible to turn modest savings into great riches -- the free Motley Fool report "10 Steps To Making A Million In The Market" shows you how to do it.

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> Alan does not own any shares mentioned in this article.

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theRealGrinch 12 Jul 2012 , 10:00pm

888 is toppy

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