ASOS have dropped quite significantly in the past week for no particular reason and I view this as the perfect opportunity to invest as I can see them bouncing right back up to the 5.50p mark in the next 2-3 weeks. STRONG BUY!!

price now ticked up 4.25p .
oo er , im turning into suehelen .:)

was asos tipped in ic today?

phew!!! 4,5p rise today. there is either good news around the corner , or it was tipped in ic , or this is the start of a ride ride upwards to the prlimenary results on june 30. anybody got ideas??

Tipped in FT today as a buy

Hi everyone - new to Money AM but a keen user of ADVFN.

Predictions on ADVFN seem to be around 50p for the results.

Any comments ????

Cheers.

would love 50p , but i dont think so . maybe 42/43p. bit of a pull back going on today after recent rises. nothing to worry about. prelim results due end june . can see another burst before then as people realise everyone is shopping for summer wear now , for hols, lots of spending going on right now, just ask my credit card.( took my gf shopping for hols). and shes now using asos. havnt seen asos advertising anywhere. has anybody seen asos advertising?

Down today about 5%. I think the recent rise was on the back of a buy rec from Seymore Pierce following the new management appointments made. Hard to know when the price is getting toppy. Might be sensible to take some profits before the results, since expectations are getting so high.

gallick , up again today . i really think this will be one of those pain in the ass , makes no sense shares that rise to result time , results come , they are good , in line with market expectations, and then the share price promptly falls like a stone , eg. , nsb , rtd , etc. i am holding for now . if i see 44/ 45p i will think again.

>> bosley

You may be right. Best not be too greedy and take some chips off the table IMHO. Difficult call since the fundamentals still look good.

looking at the share price today it seems there will be a steady rise in the share price running up to the results which are due on the 30th of this month.i hope others will have a view on this as well,results are anticipated better than expected but you never know these days.as always dyor.

The results will be better than anticipated.... but since that news, they have soared....so how good do they have to be? If they rise considerably before the results I will take more money off the table before the results.

cheers
gk

Speculate as much as like about the short/medium term price movements; the real issue is that ASOS has a very sexy business model which should and no doubt will justify a much higher than average PE (Profitable Aim companies trade on average rolling PE of just over 18 and 25 for following years estimates).

Another positive factor is current exposure to institutional holding or rather lack of it - the share register as at April 8 this year confirms less than 0.5% holding. Analysis of share trades since then suggest several nibbles but nothing like the scale one might expect after forthcoming results have been digested.

House broker SP will, I expect, put out another broker note (previous can be found on ASOS.com, click Investor Relations at botton of home page) and this again might appear on their website - additionally and more powerfully another broker may well start to cover the stock.

The saying "run your profits" has added resonance in ASOS's case as the business model is appreciably easier to fathom due to it's simplicity, no obvious competition and unlikely to be any, it's a turnaround situation and more importantly the stock is now in play and receiving disproportionate coverage in the financial press, it's a real business generating fast growing positive cashflows and profits - it's merely a question of, if over the next eighteen months geopolital issues aside, whether this is a three bagger or a ten bagger despite its metoric rise so far this year. My guess is probably somewhere between the two.

CNBC are scheduled to interview and simultaneously broadcast a company call with Nick Robertson their CEO at 0950 on Wednesday 30th June.

cant understand why only 1 post today have you all gone to sleep or waiting for kick off.justinhd thanks for post did not know there was a investor link on home page pity others dont follow suit,as it is hard to get hold of broker notes.how do you know there is interview on cnbc?thanks for info most hopeful.cheers woodie

been watching all day woodie . no need to post , just smile at cracking 40p yet again . hope it holds tomorrow , and then heads north.

Another good day, no complaints. So tempting to take profit!

up again so far today . i agree jj50 . its really , really tempting. but i will hold for now .

loofs like 50p next target.

then 100 by xmas.

any suggestions as to hold after the results or to sell?ANY VIEWS.

wait until results.

THANKS.WOODIE.