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!!

Hi, eric - seems a long while ago since we first met on here last September.

I'm quietly confident we shall continue up to 85-90 by November/December. Whether we break 90p, in which case we could go 1+, or hit that resistance and retreat down another flag until March 2006 trading update can't be told from here. 1 around the March update at least - 33% over 6 months is quite respectable. That'll be about 73% over average a year for me - not too bad, but not exceptional. Can't see a reason to sell, if I'm going to get another 40% over a second year (and 25% over a third??) - low risk in old friends is quite comforting.

US could be tricky - fashion and shopping styles are quite different from here. But on-line retail in US is pretty strong and, if they get the merchandising right they could do well. That would keep the growth rate up.

Less keen on any other diversification - their product placement seems more of a diversion from the main event than a second profit stream - especially as film making in UK is in a decline currently. I'd like to see them stick to the single core business and expand geographically, rather than tack on also ran divisions.

2 by Xmas 2006 is a more interesting proposition than 1 by Xams 2005.

sd

eric shares are attending the agm so there will be update in shares seems a long time ago since the results?

Thanks, WOODIE, that'll be John Marshall so he is sure to get the full pciture. Do we know the AGM date?

Eric

Morning all,
Hemscott web site says agm 15 sept 05..............SD

seadog seems soon as i have not got my voting card yet seems ages since the results or is it me?

WOODIE
Eric posed the question so I took a quick look at the hemscott web site as the last refs cd I have is May and hemscott says agm 15 sept 2004 and 2005, I also have not got any communication from ASOS. It also says Interim results 8th Sept 2005, soit looks as though its all going to happen thursday this week..........SD

seadog thanks thought mine might have got lost in post

Can't be interims before the end of H1 on 30th September! Maybe a trading update.

sd

sd,
Thats what it says on the web site, check yourself @ www.hemscott.com a favorite of mine for odd bits of info...........SD

sd,
It also says interims 2004 on 29th Nov !!!!!!!! SD

Curiouser and curiouser, thought Alice to herself.

Go to France tomorrow until Saturday to stock up on liquid refreshment !! I look forward in anticipation of both..........SD

Given the lack of advice of the AGM date and distribution of papers, it seems likely that the AGM is later this year. I suspect Hemscott just repeat last year's date on their information sheet - if the same week, more likely to be on the Wednesday again, 14th September. Given that they combine the AGM with a trading update, it makes sense for this to cover 6 months rather than 5 months as last year.

Hope Seadog is not going to smuggle his booze in - used to be done at Winchelsea so let me know if you need assistance!

Eric

Eric,

I learnt at a very early age in my seafaring career that there are two agencies you do not **** around with. No1 Her Majesties Inland Revenue. No2 HM Inspector of Customs. Now I believe under the same flag. So I shall pay the required duty--- But in France, as their regime of tax is more benign than Mr Browns when it comes to Liquid refreshment and every pound I can divert in this manner adds to the enjoyment. 63 saving on the Gin alone paid for the ferry .............SD

ASOS changed their year end from 31/12 to 31/3 making a 15 month period for the last full accounts.

They still have to have an AGM within 18 months of the last one, 15/9/04 - so they have plenty of time. Usually they issue an RNS announcing it, at least a monith in advance. Maybe they are waiting for the end of H1 (30/9/05) for it, so they can do a trading update at the same time.

ASOS plc
(' ASOS' or 'Group')
('A leading Internet based fashion retailer')

ANNUAL GENERAL MEETING
MONDAY, 17 OCTOBER 2005

ASOS, a leading internet based fashion retailer, will be holding the Annual
General Meeting at 2.30 pm on Monday, 17 October 2005 at:

ASOS.com,
Maylands Avenue,
Hemel Hempstead,
HP2 6DE.

The Annual Report is being posted to shareholders this Wednesday, 14 September
2005 and the Annual General Meeting will provide an opportunity for shareholders
to see the new warehouse which is now fully operational.

ASOS plc
Nick Robertson, Chief Executive 020 7240 7070
Jon Kamaluddin, Finance Director

AGM date set for 17th October which will allow H2 results to be promulgated as predicted by the perspicacious sd (he'll give dogmatic translations for those two from his dogtionery!). Note first that the meeting is at the new, fully operational, warehouse so that they can show it off to shareholders so obviously proud of it. Second, registered users up almost 10% since June so keeping up their acquisition rate. That suggests they will be maintaining their 100% year upon year or near it so that broker forecasts likely to be beaten.

Eric

eric - assume you mean H1 (new year) results to be promulgated (for which there is no other word in the dog world - although perspicatious correctly spelt is descriptive of a sweating tabby, of course, grrr, grrr!).

I interpret the recent drift back as a downward pointing flag - a formation suggesting continuation of the upward trend since July's bottom. Note the repetitive sharp rise, reverse flag, sharp rise, reverse flag - looking forward to the next sharp rise or two as we head towards the 17th October.

Quite tempted to go to Hemel to absorb the vibes.

sd

sd What a perspicatious hound; sweaty from chasing the tabbies!

Think you're right re the flags; there was a shortened form around 68p last year on the steeper rise. Interesting how little interest there is in ASOS compared to a year ago. My prediction is that it will rise with the interims as the growth rate is confirmed and, as you suggest, the rise should start as the AGM approaches. The present sp doesn't reflect the Q1 growth rate if that is repeated in Q2 and if expectations are good for the Xmas season. However, just as significant, is the imrpovement in margins that will be seen from the new warehouse, remembering too that we are comparing a period in which margins were reduced due to warehouse problems last Xmas season. Well over 1 this time!

Eric

eric my feeling is that this bodes well that not only on this board but others as well there has been a decline in post which should be good for the sp if results come out better then expected not to many traders appear to be in this share at the moment.