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!!

Thursday 19 January, 2012
ASOS PLC
Trading Statement
RNS Number : 8060V
ASOS PLC
19 January 2012







ASOS plc

Global Online Fashion Store

Trading Statement for the 3 months ended 31 December 2011





Q3
Q3



£'000s
2011/12
2010/11
Increase

Retail sales
146,527
100,039
46%

- UK sales
62,055
56,320
10%

- Total International sales
84,472
43,719
93%

- US sales
13,040
5,297
146%

- EU sales
32,470
24,460
33%

- ROW sales
38,962
13,962
179%

Group revenues*
150,555
104,126
45%


*Includes retail sales, postage and packaging (P&P) income and 3rd party revenues



Q3 Highlights



· Retail sales + 46% year on year (UK +10%, International +93%)

· International sales mix 58%

· Retail gross margin 300 bps up on prior year





Nick Robertson, CEO, commented:



"I am pleased to report a strong third quarter performance across all territories including the UK. Overall retail sales were 46% up year on year and our retail gross margin was 300bps higher over the period, in line with guidance.



With the business continuing to perform well through these challenging economic times, we remain confident about the outlook and expect our full year results to be in line with market expectations."

Trading Statement.

Q3 Highlights

· Retail sales + 46% year on year (UK +10%, International +93%)
· International sales mix 58%
· Retail gross margin 300 bps up on prior year

Very good results.

i believe they are in line with expectations, but as the shares have taken a pasting over the last couple of months, the numbers may provide a modest fillip

Thursday, Jan 19, 2012
Reuters




ASOS sees year in line after solid Q3

LONDON - British online fashion retailer ASOS said it would meet full-year profit forecasts after reporting a strong third-quarter boosted by rapid international growth and a solid performance in its domestic market.

ASOS, which targets internet-savvy 16 to 34-year-old women looking to emulate the designer looks of celebrities such as Kate Moss, Alexa Chung and Tulisa Contostavlos but at a fraction of the price, said on Thursday UK retail sales growth was 10 per cent in the three months to Dec. 31, its fiscal third quarter.

That compares with analysts' consensus forecast of 5 pct and second quarter growth of 1 per cent.


International sales rose 93 per cent, just undershooting analysts' consensus forecast of 100 per cent and growth of 141 per cent in the previous quarter.

Total retail sales rose 46 per cent to 146.5 million pounds(S$288 million), while the retail gross margin increased by 300 points, in line with guidance, it said on Thursday.

"With the business continuing to perform well through these challenging economic times, we remain confident about the outlook and expect our full year results to be in line with market expectations," the company said.

Shares in ASOS reached a 12-month high of 2,508 pence in June, fuelled by buoyant trading and bid speculation, but have since fallen back sharply as the overall market has tumbled, directors sold shares and investors have fretted about the impact of rising youth unemployment on UK growth.

The stock closed Wednesday at 1,492 pence, valuing the business at 1.14 billion pounds.

Amazing!

so...press conference gone nice.all good.bit of slow down but still mind blowing numbers.i'm happy..

btw cynic ,
your show off of inteligence and clearly understanding of the matter again by adivising everyone to avoid sillines by investing in asos or.... from 1277 to 1682 in few weeks time - proove what? again ......and ... again.... lol

don't forget that it's a very thin market so movements tend to be quite exaggerated ..... i'ld also guess that there were quite a few bears who are now being forced to close

i still don't like the company, and apart from this time, i think i must have lost money every other time i have taken a dabble ....... you could also level the same accusation at me about BORD

by the way, how many shares do you hold and at what average price, for you were certainly touting the stock all the way up and all the way down again?

for myself, i am happy to say that i bought 750 on 12/1/12 at 1520

a variety of resistance levels look possible, so take your choice

not all the way down..just run out of money at mid 15's...than maded more trading dow and ftse so managed to put most of it to work at 1277. i've got 6123 old school shares working at 1802.
if you do your homework or listen carefully you could beat me starting from under 12 easly...but of course not ... you have to right hand drive here.:)

international the highlight for me - good rns in general

yea, like i said uk market no longer the case , Nick said on press conference on april 11 that (he didnt said that strait) he dont care anymore about uk since uk market is about 1% as a whole fashion market on the planet, so when you see 1% uk growth last update with mind blowing international and you see price diving and everyone mumbling about uk sales drama... then you picking up calculator and you know that that drama doesn't matter and you buying quick fear... and you'll be good... but homework first

in that case you haven't been very smart have you as even after this good bounce you're still several £000 out of pocket ...... perhaps you should have heeded MY advice when sp was +/-£25 and then you would have banked a good profit ..... lesson on why you shouldn't have been so greedy

i think we pierce thru 17 resistance on high volume as a conformation for first or even better thru 200ma as conformation that business is sound than couple of months consolidation and again substantial movement before april

for myself, i am very happy to have banked a very satisfactory profit at 1738

=============

amazingly sp then surged to about £19 in a few minutes, so clearly some very unhappy bears - but do i care?
to repeat my oft used phrase, "no one ever went broke banking a profit"

true true...greedyness...but we all capitalistics pigs here...:)
i sold last truck at 2419 then it start falling right down to 20 than I bought first part at low 20 - exactly where you double your short...but then I black out and forgot to eject.. so as you getting out to quick at 18...put it simple no one expected 1124... sid down and eyes down...:)

and you out already!!!???

you never learn about here...maga lol

well this rns has been well received and plenty of chatter ref international trade - would expect to see asc end the day 2000 +