3 Shares Set To Beat The FTSE Today

Published in Investing on 11 December 2012

ASOS (LSE: ASC) and Whitbread (LSE: WTB) power on up.

After a late surge saw the FTSE 100 (UKX) close slightly ahead yesterday, the cautious rise continues today with the index of top UK stocks reaching 5,929 points, seven ahead. That's not a big rise on the day, but it does bring the index just 60 short of its 52-week high of 5,989.

We have some impressive risers among individual shares today too. Here are three that are flying high:


Online fashion seller ASOS (LSE: ASC) is at it again, releasing yet another great trading update. Investors pushed the shares up 92p (3.7%) to £25.56, a new high for the year, after hearing that total retail sales in the quarter to 30 November rose by 30% to £165 million. Perhaps of most importance is that sales in the UK, which many have been thinking might level off soon, beat expectations by growing 24%.

The price has now beaten the peak it hit in mid-2011 before falling back, so is the drive sustainable this time? Well, current forecasts for the year to August 2013 put the shares on a price-to-earnings (P/E) ratio of nearly 50, which is pretty optimistic even for a growth share. Will that optimism prove justified? That's for you to decide.


Whitbread (LSE: WTB) shares gained 87p (3.6%) to £25.15, approaching a new high again, and are now up nearly 60% over the past 12 months. Today the trigger was the release of an interim statement that told of "double digit growth".

Total sales for the third quarter to 29 November were up 14.4%, with nine-months sales up a corresponding 14.3%. Like-for-like sales were up 3.3% on the quarter, and 3.9% over nine months. Although the hotels, restaurants and coffee shop operator told us that economic conditions are still challenging, full year results are still in line with expectations.


Oil and gas explorer Bowleven (LSE: BLVN) perked up 1.5% to 69p, after the firm released an update on its long-term incentive plan (LTIP) for its bosses. Performance against targets set for the 2009 LTIP tranche would have resulted in directors receiving just 20% of their possible maximum. But due to the poor share price, even that has been deferred and has now been made subject to additional conditions.

New LTIP awards have been set for the next three-year period, of shares amounting to 100% of salary, with the exception of chief executive Kevin Hart who has a potential bonus of 141%.

Finally, useful daily gains from shares can all play their part in making you your first million. But the real secret to becoming rich from shares is simple long-term investing in fundamentally sound companies, and letting steady growth and dividends power your wealth upwards.

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

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