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!!

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

for many many months, i have avoided or even been a bear of high street stocks (don't nit-pick please!), but i have grown to like this company and its progress.

though it may look a bit expensive at the moment, as far as i can see, it is still very much a growth stock and will continue to benefit significantly as UK pulls out of this nasty recession

Looks like that I should have shorted this.....a bit too risky for me..., though I suspected that the sp would crash !.

loom to go bottom fishing perhaps then
somewhere around 315/320 looks a pretty good bet and sp may have already hit that earlier and bounced a smidge

i was be lie if i said im not suprise, big boys are short term investors, they just carry about quarterly results , they don't give a flying f. about long term view, so it's looks like big profit taking otherwise this looks like someone got bad news about asos and is sniking out witch is not true (hopely for everyone of us hold),so profit taking,and i think this is nothing to do with PE (that PE what they say 19.3 or something doesn't shows even fraction of what asos is doing , 19.3 is about 10% growth and asos is doing a lot lot more so nothing to do with it).We are still in a recession and market gives us a lot of chances to get some chip.The long term investors are always loosing in short term something sometimes and so because is all about a bussines behind the stock it is another one chance for stockpile.i would say.hey even Buffet is loosing short term sometimes:))