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!!

Play of the week in shares mag.

Woodie, gallick, I am back. Do you remember me when asos was at 7-8p? Well I sold at 40p (unfortunately!!), i am not sure whether to get back in these, especially at the price they are now!!

I have found another ASOS I think... Have a look at Tradingsports Exchange Systems (TES) and the commentry on the site. It has taken a bit of a hammering over the past year just like ASOS did when it dropped from 24p to 5p.

Ray Ranson (ex footballer) has bought 10% of the company at 21.5p... He is no fool. With the price at 15p, they look a snip.

As for ASOS, what do you guys think as a fair price??

I am still holding - up 523%! Comment in FT yesterday - "the web information service Hitwise recorded Asos as the UKs second most popular clothing retail website in June". "..The company's marketing drive has stepped up with advertisements in celebrity magazines and plans to team up with the pop band Girls Aloud to include flyers in their next two singles". "Seymour Pierce, which has a "buy" recommendation and aprice target of 100p, is forecasting pretax profits will more than double to 1.36m this year. This provides a price/earnings ratio of 30.7 which is more expensive compared with more established retailers,who, however, struggle for the same winning appeal".

IMHO there is bound to be profit taking but seems to bounce back and still looks good in the medium term. Keep in mind tax advantages of AIM shares if you have CGT liability.

ASC starting to rise again. Just hang on in there. I fancy next resistance to be around 80p

Don't compare ASOS's p/e with other retailers if you do the share price will seem expensive.

You have to look at etailers for a comparison to get a true picture and then you will see that even after the monumental rise in share price they are still good value.

capa

jj50, cgt liability???? i wish........

I too have watched and waited---I'm very jealous of you lucky punters!! Is it too late to join the fun? I thought they would drop back but it just isn't happening!

Got in at 65p, think as the broker says 1.00 target price...

After following this share after being tipped at 7p i thought i had missed the boat and bought finally at 40p and it is still going. Reminds of TelecomPlus about a year ago which just kept going up and up for the whole year. You keep saying to yourself it cannot go any higher but it does. I am worried about this poor summer having an affect on summer trading. If it gets through the 70p barrier it could go all the way.

>> jj50

Interesting that PE will be about 30 if SP's projected figs are correct. IMHO the PE is not too relevant where you have got such a fast growth story. Infact a PE of 30 sounds quite comforting to me and I am sure it will go much higher as share price rises. Brokers are usually fairly conservative with projections, and for me 100p is conservative on a 12 month basis. I'll stick my neck out...100p by the end of the year (but don't come looking for me if I'm wrong!!)

>> legend - good to hear from you again, I'll check out TES.

rgrds
gk

I see the Mail on Saturday has ASC at the top of their 'Buy' list. Up 2150% in 12 months.....another 12% tomorrow? (66/68) 23/07/04......
















5

will it go through the 70p barrier, if it does it go very quickly.

69.5p at the mo, 9.54 am

Briefly 70.5p on the bid. WOW !!

capa

Why have i always got 'edit' written next to my name? i thanks now i see. seems a bit pointless being able to edit it after you have posted it, but i am sure it will come in handy one day.

You haven't. I have :-)

capa

Kivver,

This is to allow you to edit your own posts.

Ian

I was going to ask that question too Kivver!!! It's a shame that you can't read what you have put!!

Hi Gallick, please do check it out, I put it about 4-5 times where it is now... just like I thought ASOS would be at 7p.

So then guys, is it worth getting back into these??? I keep expecting them to drop back a bit, but they keep going up and up.

Cheers Ian, that could come in handy. eg you could say a share is going to double in price, if it halves in price you could go back and change it to the correct position. lol.

Legend how far do you expect asc to go from here, broker says a pound.

for ASOS IN GOING TO BE 90P VERY SOON,MAYBE BY FRIDAY