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!!

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

I can never understand how can anybody buy clothes online or by mail order ?...you have to try them on !...I would be sending everything back all the time......anyway talking about the sp....not that I would do it but this looks like a short !.

rf
so you disagree with both me and cynic? good on you. do it.
regards to you.
jkd

The gauntlet is thrown down..... still don't think I'll have to kiss cynic.

you need neither gauntlets nor even latex gloves to kiss me, even on the arse!
it's a truly wonderful offer that none should refuse - unless i have eaten curry the night before

Target met and exceeded, although no pleasure in saying so.

cor! .... innit just!!

looks as though i called that one wrong, though the fall may prove short-lived.
from our biz (chemicals), it looks very much as though economic activity is indeed starting up again, and ASC has caught the imagination of the retails public.

the figures were very good indeed whichever way you look at them, so arguably, this weakness is a good buying opportunity

In words that a novice like me can understand, when results are so good and the company planning expansion, why is RF correct and we mocked him? have just topped up at 3.39p and am quite happy to hold but don't understand the market view.

Results already in the SP. Asc continues to trade at a significant PE