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!!

Don't think you're going to have to give that kiss BB. As is readily apparent from the chart, the SP is consolidating the recent rise and assuming the MACD remains in positive territory (above the zero line) I think 370p was probably the low. Mind you, still a 40-50p short from the high, if the trade was taken.

hey Peter .... why aren't you out sailing your boat?

http://www.retail-week.com/retail-round-up-what-the-weekend-papers-said-on-june-6-7-2009/5003356.article

http://uk.biz.yahoo.com/10062009/323/net-porter-com-2008-profits-234-percent.html

if that sales growth around is right we can beat analysts estimates by far

wow devil's game..i bet no one expect today drop :)))

i would say thats how it's looks previous ptholden's teory about biggish drop to 350p in reality , big boys left us wondering again:))

I can feel Cynic loosening his belt........:((

Cynic maybe loosening his belt , but this time reason for it can be not kissie kissie , but drop in sp rather, according to his latest engagement :))))

what big guys doing with sp is a pure magic ,the game is just beautiful

it's been kept in a bay to the last minute, a one trading day and one hour , as precise as surgery :))
so quiet..everyone so focused ...:)))

June 28,2009
By Heath Aston ASOS, the online fashion retailer favoured by the under-30s, is set for a big international push which could include the US.


The fast-growing company is expected to unveil its long-awaited international expansion strategy this week when it reports record annual profits and stunning first-quarter trading with sales growth above 100 per cent.

The City expects a pre-tax profit for the year to the end of April of 14 million, up from 7.3 million in 2007/08. ASOS has given no firm indication where it will move first but chief executive Nick Robertson gave a clue recently when he said: Dont think Im not looking at the success of Topshop in New York thinking right, thats me all over.

Former finance director Jon Kamaluddin was recently appointed to the role of international director to spearhead the expansion.

Analysts say ASOS annual sales could top 400 million within three years from an estimated 165 million in 2008/09.

certainly excellent figures, but have they (comforatbly) beaten expectations?

Final Results for the year ended 31 March 2009

Summary results

'000s
2008/09
2007/08
Increase

Group revenues
165,395
81,044
104%

Gross profit
71,699
37,284
92%

Operating profit*
13,935
6,962
100%

Profit before tax*
14,125
7,311
93%

Earnings per share* (fully diluted)
12.8p
6.6p
94%

Net cash
13,587
10,369
31%


*2007/08 included a warehouse provision of 934,000

Key business highlights:

Record sales, profits and earnings per share

Successful launch of ASOS Outlet, Designer Brands at ASOS and Little ASOS

Significant own-label expansion and launch of ASOS Maternity and ASOS Black

Number of active customers up 68% year on year to 1.2 million at the end of May 2009

International sales up 303% to 32.2m


Current trading and outlook:

The online retail market continues to outperform the overall retail market

Positive start to current year with sales for the 13 weeks to 26 June 2009 +52% year on year

Significant opportunity for international expansion

Board confident of another year of strong growth

I' ll kiss you anyway cynic....XXXXX money in the bank.

Cynic, all is good , no need to worry.please find for me next one with sales for 13 weeks +52% (bet you don't)..:))

Balerboy, number of X's means number of 0's...?...:)))

kbc peel hunt is saying more about himself than about asos

Broker Downgrade

Which seems to say the good results were already in the SP

so KBCP feel ..... it will be interesting to see what the balance of the press and brokers have to say ...... for myself, i bought a few more late this afternoon ... it would have been a few more, but i couldn't fill the whole order at the price i wanted

putting fundys aside, chart wise this looks double toppy to me . i agree with KBCP its a hold, but not yet a sell. it is also not yet a buy based upon my chart intrpretation. big resistance at 400 as well as at the double top level, potential black swan in background maybe? just my opinion
regards
jkd