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!!

if asc dont want go higher before FED it could sugest market disapointment

LONDON (SHARECAST) - After the recent gloomy trading statement from fashion retailer Next, ASOS shareholders might be a bit apprehensive ahead of the online clothes seller's interim management statement on Wednesday, but Panmure Gordon says not to worry.

The broker recently raised its price target for the stock from 2179p to 2378p ahead of the trading statement, which will cover the three months to the end of August, the group's new fourth quarter (Q4) following its year-end change.

"This quarter offers a very easy comparable for the UK, which is still ASOS’s single most important market, representing 39% of retail sales in the nine months reported to date," Panmure Gordon notes.

"Most recent UK online clothing sector trends are strong and we expect only a small currency related slowdown in the international sales growth run rate vs. Q3’s +54%. We think that the company can report Q4 sales growth of 35.0% (consensus +30%), to £145.1m (+17.0% UK and +47.3% international)," the broker said.

Peel Hunt, meanwhile, predicts UK sales growth of 12% year-on-year (yoy). "Most new season ranges are now priced more aggressively yoy," the broker observed.

It has also raised its target price, to 2100p, but in view of the strong share price performance of the stock it has cut its rating to "hold" from "buy".

"We look for international growth of +44.9%, with ROW [rest of world] +60%, EU +20% and US +65%. We expect territories with own-country web sites to be outperforming and look for updates on the development of own country teams, particularly in the US," Peel Hunt's John Stevenson said.

I'm glad that price is getting in order, nice come down.i mean how dare price is going anywhere without me..!?lol

i'm not sure, but i think that the figures are somewhat muted and certainly forecast is not bullish (in line with expectations), so it will be interesting to see what the market thinks

the figures have been out in the open for the last few weeks so nothing new, i expect some profit taking after the strong run.

All good..even a bit above what is needed..so now just couple of areas to watch for me.. btw a bit muted are my so called few experts here with sp predictions..lol.. i mean no more buying dust..900 sp targets..massive distributions.... Thats sort of inteligent-sounded nonsense is really missed 2 me.lol

not me .... i almost never predict sp levels, and as you know, i merely watch this one out of curiosity, in particular, relative to Next (not exactly apples/apples)

not me either with s/p prediction.
what i said there would be profit taking, as i said above the figures have been out in the open for the last few weeks.

did anyone watch nr interview on bloomberg or cnbc this morning?

Not sayin about you woodie,your input is sensible.i didnt see interview but def will when i finally get home,thanks 4 that

Cyner stop f mumbling,kind of soft-handed pussy,are you on painkilers or someother handbrake?you must be out of common nonsense idea failing so many times..lol..just kind of sense öf honour keeping you back. .otherones gone..lol

Not a bad day.

Yes 55011, reasonable sunshine here but a little cloud around!

Nice one.

ASOS going well as you say!

Are you a Deltic man?

!

2214!! come one baby!! without me?!...first time i bailout waaaay too early..sinking feeling to watch this train from the sidelines... smart got mega laugh from shorts..

Only firing on two banks at the moment, wait till the third bank catches light....................

please no ! keep the third bank off!

That was really for Bones' benefit!