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!!

looks like statement will be spot on. just beautiful

I wonder if Cynic is still short-teory-maker..:))

which bit did you not read 2/3 weeks ago?
by the way, i see no hurry to get in today as still 2 weeks until figures out, so with long w/e ahead, i would suggest waiting until at least next week

and here it is again..::)))

Absolutely Tomasz, smiles all round. don't get touchy cynic....:))))

since when was i touchy, other than touchy-feely

I can feel another 4+ coming in my water.

i think you may be right ..... another fashion group, whose name i forget, came in with surprise strong results within the last couple of days

Good finish to the day, looking forward to next week, 370 by friday and 400 soon after that.

lalael i want you to talk to me like that everyday:))

it would be nice to see 340 as a new floor

http://www.retail-week.com/brokers-unmoved-by-surging-retail-stocks/5001935.article

http://www.theopenpress.com/index.php?a=press&id=48374

http://www.theopenpress.com/index.php?a=press&id=48374

http://www.theretailbulletin.com/news/viewpoint_value_fashion_brands_suffer_from_shocking_website_efforts_14-04-09/

anyone in the know what is happening today- mind you not complaining though

something big is just coming.. and they know.. :)))

just wonder was it phone call or just sms.. :))

RNS Number : 1655R
ASOS PLC
27 April 2009




ASOS PLC

FOR RELEASE

7.00am

27 April 2009




ASOS plc

('ASOS')

('a leading internet based fashion retailer')




Pre close trading update for the year ended 31 March 2009




Sales for the 12 months to 31 March 2009 up 104% to 165m

Profit before tax expected to be slightly ahead of market expectations

Sales for the 4 weeks to 24 April 2009 up 80% year on year

Looking forward to another year of strong growth




Nick Robertson, Chief Executive, made the following comments.




'I am pleased to report another excellent year for ASOS. Sales increased 104% to 165m and we expect our profit before tax to be slightly ahead of market expectations. The business remains debt free, and as at 31 March 2009 had 13.6m of cash.




Current trading remains buoyant with sales for the 4 weeks to 24th April 2009 up 80% year on year. We are not immune to the prevailing economic conditions, however, as widely reported, younger fashion is proving more resilient, internet shopping continues to gain in popularity and our international sales are being bolstered by the weak pound. International sales for the 4 weeks to 24th April are up 173% year on year.

In February we launched both Little ASOS, a branded kids wear offer and Designers at ASOS, a premium and luxury branded offer. Little ASOS will be supported by an own label range from September 2009.




In addition, a number of new brands have been signed for Summer 2009 including Mango, Hackett, Gant and Mini Boden.




ASOS life, our own community platform, is currently in beta testing and will launch in May 2009.




We remain committed to becoming the market leader in online fashion in the UK and will continue to invest in the business accordingly. Whilst we are being more conservative in our planning for 2009 / 2010, we believe the outlook is still very positive, and we look forward to another year of strong growth.'




Preliminary results




ASOS will announce its preliminary results for the year ended 31 March 2009 on 29 June 2009 when it will provide a full overview and update on the business.

What wonderful news for a wet Monday morning, hang on for the ride folks !!!!