wilco99
- 12 Sep 2003 15:52
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!!
Greyhound
- 05 Aug 2008 08:23
- 2205 of 5941
Long again at the tail end of last week with the support of 320 holding again. Still not convinced it's necessarily the right decision however.
robinhood
- 05 Aug 2008 11:59
- 2206 of 5941
Greyhound- u r doing all right-approaching new highs again. Guess clocktower cancelled his Caribean hol's and opted now for Butlins instead
Greyhound
- 05 Aug 2008 12:25
- 2207 of 5941
Also bought a few k more this morning as the chart is now looking better to me after the ups/downs around 330p for the last month.
WOODIE
- 11 Aug 2008 15:09
- 2208 of 5941
looking good "Successful online fashion retailer Asos reached a new high last week by making 1 million in a single day. The e-tailer consistently bucks economic gloom and has become the second biggest online fashion store after Next"
http://www.springfair.com/page.cfm/action=Archive/ArchiveID=1/EntryID=930
WOODIE
- 14 Aug 2008 19:57
- 2209 of 5941
ASOS aiming to become the Amazon of fashion
Reuters, Thursday August 14 2008
* ASOS hasn't noticed the consumer downturn
* Firm has had first day of takings in excess of 1 million sterling
* To introduce ASOS marketplace, new delivery options in Feb
By Mark Potter
LONDON, Aug 14 (Reuters) - Online fashion firm ASOS hasn't noticed a downturn in consumer spending and is planning a range of initiatives aimed at staying ahead of growing competition from store groups, its chief executive said.
Nick Robertson, speaking to Reuters at ASOS's clothes-strewn headquarters, said the group was aiming to become the fashion equivalent of books, DVDs and consumer electricals Internet pioneer Amazon.com, with plans for a marketplace for second-hand clothes and homepages tailored for customers.
"Everyone's online bit of their retail mix is growing like stink," he said, adding that sales growth was so strong that "we can't notice" the downturn in consumer spending that has ravaged the sales, and share prices, of traditional stores groups.
ASOS, whose current bestsellers include tulip skirt dresses, tartan prom dresses and knitted boots, reported a 95 percent rise in first-quarter sales in June. Robertson declined to say whether sales growth remained over 90 percent but, when asked, said: "Suffice to say I have a very big grin on my face." He also said ASOS enjoyed its first day of takings in excess of 1 million pounds ($1.90 million) two weeks ago.
Online retail sales are booming as growing broadband penetration makes Internet shopping easier and cash-strapped shoppers seek bargains from Web sites that are often able to sell their goods more cheaply than store groups.
Online sales in Britain leapt 38 percent in the first half of 2008 to 26.5 billion pounds ($50 billion), according to IMRG Capgemini. Verdict Research estimates Internet sales account for 5.9 percent of Britain's 41.6 billion-pounds-a-year clothing and footwear market and that this will rise to 12.7 percent by 2012.
"I genuinely believe we're at the tip of the iceberg on this," Robertson said.
MORE CHOICE
He said store groups, like retail tycoon Philip Green's Top Shop, were getting better at trading online. But they don't pose a threat to ASOS which, with over 14,000 products on its website and 600 new options added every week, operate on a different scale, Robertson said.
"This is a fundamental difference...I can never see a situation where one High Street retailer is going to stock 15 of its main rivals. We will, because we're not a High Street retailer," he said. Robertson said ASOS would continue to add new products and was planning new initiatives to stay ahead of the competition.
The group is due to launch ASOS Red, a clearance site for branded clothes, on Sept. 1 and its three studios were busy with photo-shoots for this, as well as its main Web site.
Robertson said the group planned to launch an ASOS marketplace in February, which will initially allow shoppers to trade second-hand goods and towards the end of the year will also allow small fashion boutiques to upload their products. It will also introduce a range of new delivery options, including next day delivery and also free delivery and free returns options, during the same month.
In around 12 months, it will introduce more tailored emails and homepages for its customers and in around 18 months it plans to launch sites for foreign markets, Robertson said.
Selling children's clothes, maternity wear and expanding own-brand ranges into the premium and/or budget segments are other options.
ASOS shares have outperformed the UK general retailers index by 88 percent this year and trade at about 27 times forecast earnings, well above the UK general retail sector median of about 10, according to Reuters data.
But Evolution analysts still rate the stock a buy.
"Upgrade catalysts and underlying high growth more than justify the current comparatively high multiples," they wrote in a recent research note.
(Editing by Tony Austin)
WOODIE
- 17 Aug 2008 20:10
- 2210 of 5941
Wanna dress like Dita von Teese? Now you can - in private.
The sexy burlesque star, 35, has launched her own limited edition lingerie line with Wonderbra.
The "Wonderbra by Dita Von Teese" collection includes garter belts, panties and, of course, bras inspired by old Hollywood glamour.
"Lingerie shouldnt be something you just put on for your lover; you should do it for you," Von Teese said in a statement. "It's not about seducing men, it's about embracing womanhood."
But, woman power aside, these skivvies ooze sex appeal.
In addition to the cleavage-enhancing brassieres, some of Von Teese's panties - and bras - have quick-release magnetic clasps, enabling the wearer to ditch 'em in a jiffy.
The dancer's collection will be launched in the Europe on Sept. 23, but can be purchased stateside from ASOS.com
robinhood
- 18 Aug 2008 12:38
- 2211 of 5941
why weren't those quick release clasps around when I was a young man!!!
stockdog
- 18 Aug 2008 17:31
- 2212 of 5941
I could never get them undone anyway on account of my magnetic personality!
WOODIE
- 22 Aug 2008 15:28
- 2213 of 5941
looks like a break out to me? last post by clocktower who has gone quite.
Clocktower - 08 Jul 2008 12:10 - 2187 of 2212
Once it breaks below 300p and ends there for the day we could see the real pressure begin.
WOODIE
- 26 Aug 2008 12:04
- 2214 of 5941
ASC's joint broker ups the target.
1023 GMT [Dow Jones] Kaupthing increases ASOS (ASC.LN) target price by 10% to 425p "on the basis that rapid expansion of the offer can drive sustainable top-line growth." On that basis, the brokerage says forecasts could be upgraded with future growth initiatives pursued earlier than originally expected. "Investors should act before the next upgrade cycle. The next formal update will be an H1 trading update on 1st October, followed by interims in early November. We see these events as potential catalysts." Kaupthing is the joint broker for ASOS with Cazenove. Stock +1.1% at 360p. (LEV)
Greyhound
- 26 Aug 2008 14:55
- 2215 of 5941
Nice breakout driving driving this higher now...
The KSFCM report is a very bullish and credible read. I suspect the 10% increase is pretty conservative.
Greyhound
- 27 Aug 2008 10:34
- 2216 of 5941
Great news to have the heavyweight of Goldman coming out with a buy rec, target 455p.
WOODIE
- 27 Aug 2008 14:07
- 2217 of 5941
nice find greyhound.
1228 GMT [Dow Jones] Goldman Sachs initiates coverage of four small and mid-cap UK consumer stocks. Starts ASOS (ASC.LN) with a buy rating and 455p target price saying it is well positioned to outperform the overall UK clothing retail market as it benefits from the continuing structural shift towards the internet. Starts London Capital Group (LCG.LN) at buy with a 415p target saying it is a fast-growing player in the expanding UK financial spread betting market
TheVoid
- 27 Aug 2008 14:09
- 2218 of 5941
It got a brief mention in the Daily Express as a 'retail star'
Shares Tips
WOODIE
- 28 Aug 2008 11:00
- 2219 of 5941
From The Times August 28, 2008
Catherine Boyle: Tempus
Asos
Its not hard to spot Nick Robertson, the chief executive of Asos, the online clothing store. He is the only retailer in Britain with a smile on his face.
At a time when the high street is suffering one of its biggest slowdowns for decades, the internet is continuing to defy gravity. Online clothing and footwear sales rose by 23 per cent in July and it is entirely likely that the growth rate at Asos is much higher still. This year it said that sales were up 90 per cent and, speaking a fortnight ago, Mr Robertson said that the group had taken 1 million in a day for the first time, adding: Its growing like stink.
Shares in the business have trebled in the past year and they closed up another 5 per cent to an all-time high of 375p yesterday as Goldman Sachs initiated coverage with a buy recommendation.
Despite the fact that Asos generates only 80 million of sales a year, Goldmans believes that the stock could hit 455p as more shoppers switch to buying goods online giving Asos a market value of more than 320 million.
The stock is not cheap, with a price to earnings ratio of 19.7 times forecast profits, way above the sector average. However, Asos is in a prime position to benefit from the changing market dynamics and, as it heads into Christmas with a range of more than 10,000 products, overseas expansion is likely. Hold.
http://business.timesonline.co.uk/tol/business/markets/article4622384.ece
stockdog
- 29 Aug 2008 03:24
- 2220 of 5941
Funny old life -
ASOS screaming away against all odds in the retail sector and hardly a single post to record the fact, whilst other stocks going down the tubes have 200 posts a day from die hard rampettes.
Greyhound
- 29 Aug 2008 09:42
- 2221 of 5941
Just quietly enjoying the ride ;)
I guess the 400p will be a bit of a psychological barrier but not for too long.
WOODIE
- 29 Aug 2008 17:10
- 2222 of 5941
nice end to the week
Greyhound
- 01 Sep 2008 10:59
- 2223 of 5941
That 4 level not looking so strong right now ;)
cynic
- 01 Sep 2008 11:04
- 2224 of 5941
gosh! you're right ..... earlier this morning it was still struggling to break through.
though ASOS is certainly doing very well, the slightest hiccup, whether real or perceived, will send sp tumbling as it has already built in a huge amount of expectation