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!!

Market cap still only 6.2million, 1.1million cash in the bank, puts stock on a very low p/e.

Results due Friday 20 Feb.

Price has risen strongly since Christmas trading was up 75% on last year.

Fridays results, in addition to profits, will show increased subscriber numbers and margins retained.

18pence is my 3month price target, although it could get there more quickly depending on reaction to Fridays figures.

Here we go! That's got us started on the run in to results on Friday.

11pence still looks very cheap, I'm looking for fair value around 18pence come Thurs/Fri.

All IMHO.

Volume up, chart very positive short term.

My price targets are based on following profit forecasts:-

2003 - 400,000 - p/e 40 - 24pence
2004 - 1000,000 - p/e 30 - 44pence

Any views out there?

Good private investor buying again today, buys outnumbering sells strongly.

This may be an internet stock to hold for the long term, particularly if the brokers forecasts in my last post are met.

Why do you think this is dropping back when results are due friday ?

Private investor money seems to be spread very thinly over many micro-cap stocks at the moment.

You only have to look at this discussion board to realise that. Thin money is chasing many dream stocks which are priced on potential.

Perhaps the market isn't going to pay fair value for this stock until it proves its worth in black & white.

I see it as a fairly low risk punt myself on valuation grounds. This company has 1.1million in cash and its market cap is only 6.5million. Any profits, profit growth potential, or positive earnings surprises are being thrown in for nothing at this price.

I stick to my fair value for this one at closer to 18pence. Whether it takes 3 months or 12, that's still a whopping return.

just brought 10000 at 10.66 heres hoping results live upto market hopes?

This stock looks like an excellent long term buy, given estimates for next 2 years.

Definitely undervalued at these levels.

just seen results not much excitment in these,see how day pans out hope the mms dont mark stock down to much?

It was either Ben Graham or Warren Buffett said, "Over the short term the market is a voting machine, over the long term it's a weighing machine."

That sums it all up for me.

If I were to say to you that in 3 years time this stock will quadruple your money, or in 3 days time it might be up 10% or down 15% depending on what particular news story is flavour of the day, which would you take?

If you want to trade it, good luck.

But if you want to make real money, look at the numbers, get to know the business, and buy the shares as if you owned the whole company.

Would you be happy to own a company generating increasing amounts of free cash and profits over the next 12-24 months?

I am holding and expect the price to move towards 18pence over the next 2months.

Long term 200 day moving average only turned positive in December.

This stock still has a long way to go on its recovery path.

Audited 15month results to 31March 04 are due in June. Seymour Pierce was looking for 400,000. With 350,000 already reported to 31Dec 03, that looks achievable.

Increased cash generated will be spent on increased advertising to drive sales higher.

which bb is that,foxwell

thanks for comment i buy stocks for a long term view ie 2 years+ the reason the share price was marked down first thing was the company fell short with profits by 50000 pounds.the seymour pierce numbers were for dec 2003 not as you state 20 march 2004.they are looking for full year profits this year of 1 million source has come from shares and growth company investor.which makes it much harder to achive then your numbers,having said that what we need is an update from s pierce.as i said at the begin i still think this as got a great buisness model and should make people good profits over the long term hence i didnt sell out yesterday.cheers woodie.

Good luck woodie!

I have decided to hold this one for 12 months, looking to double my money.

cheers dont think much luck is needed with this one?not sure what price you broght at my price target for end of this year if current increase in turnover is sustaind will be 21p.we will see on monday the strength of the stock as a director sold 1 million shares the rns statement issued after close on friday said it was for a house purchase still holds over 13%.

Yeah, I really don't read anything much into that directors sale. As the company grows I would be much more interested in institutional investors getting on board.

This is still a micro-cap company valued at 6.5million. With the growth in e-commerce ,if it can deliver predicted profits of 1million in a years time, then it will be much higher than the current price.

Profits of 1million and a p/e of 35 for example. Company value around 35million, about 6 times its current value.

Share price closer to 60 pence. There is most definitely growth potential there.

Company has broken into profit. It's now all about increased marketing and increased profile, to drive revenues higher.

Back in April 2003 we advised readers to buy shares in AsSeenonScreen (10.75p) - the internet retailer which allows celebrity junkies to buy the clothes and accessories worn by their idols, such as Sarah Jessica Parker - when the shares stood at 4.3p.

We had heard that Nick Robertson, the chief executive, was working on a management buyout. The deal never materialised - so we can only assume that unlike many other retailers who have gone private recently, Robertson prefers life in the quoted sector.

Last week the company announced a 120,000 pre-tax profit at full-year results against a loss of 1.7m in the previous year.

However, on Friday, Quentin Griffiths, an executive director, sold 1m shares. Having seen the shares more than double since April, readers should take profits. Sell.

From Sunday Telegraph