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!!

Panmure Gordon is a fan on online clothing retailer ASOS (LON:ASC).

The broker expects the company to report sales and margins improvement for December. “We anticipate retail sales growth of around 30% at least in line with Q1, and a flattish gross margin as own brand price repositioning is offset by two less days of Sale. Christmas trading statements from Marks & Spencer, Next, Debenhams, Ted Baker and other sources suggest that online clothing sales were very strong in the UK (c.35% of sales) in December, the month to be reported,” Panmure Gordon’s respected retail analyst Philip Dorgan said.

yep dc , i expect sort of bumper Chrismas too, lot of big boys about to join the party tomorrow and some of them on the first row already with popcorn

All the best tomasz

Trading Statement

Period Highlights

· Retail sales +41% year on year (UK +34%, International +47%)
· International sales 54% of total (52% last year)
· Retail gross margin down 29bps on prior year (December 2011 +230bps)
· 2 million orders despatched (+40% year on year)
· 5.6 million active customers* at 31 December 2012 (+40% year on year)

Nick Robertson, CEO, commented:

""I am pleased to report very strong trading during December with retail sales up 41% to £78m.

"Our UK performance was particularly strong at +34%, which continues to be driven by better conversion of traffic alongside continued investment in both our proposition and pricing. Our International business grew by a healthy +47%.

"We remain positive in our outlook for 2012/13 as we continue our journey to becoming the number one online fashion destination for twenty-somethings, globally."

Im massively nice supprised by that 41%.wasnt expect thaaat muuch! to be honest..now price come on!i want first goldman and barclays destroy all resistance and then panmure and the rest carry on later:)

open almost 100 points up!?! i think i love today rain outside :)

except now reality has taken hold and the market seems to be saying, "well the numbers are ok, but not that exciting." ....... it will be the "further consideration" over the next few days that will be interesting to watch

right, cynic again.. this is not reality has taken hold - this just you trying as usual to look clever. you've been stubbornly as a mule wrong before the event so, as nothing else left, this time you're trying look good after the fact.lol

as well posted on several occasions, i do not play this stock as i do not like it at all, but merely watch it for entertainment

lol, who you tryin convince with all that honest drivel.nothing is wrong with this stock as you see is moving in a big ways giving chances for tons of money to be made.trouble could be rather with your brain-timing or brain-bias or something wich i do experience pretty often (even after long time money success here) brain-capacity.(btw you've been trying to hide your last failed short from 26...you just updated your picture.. you know that...lol)

you carry on with your drivel old son, and do what you will with your money, as i shall do with mine

hey, is not that i wish you bad..i really believe that you could do pretty well here..but..you just.. stubborn as a mule and bit something more..spring to mind..lol

so, 2700 backwards, unhealthy rise..all in all good but i've been few times on sell button, almost out...maybe it was the smart point, to get weak longs out..

closed spreads 2728, too low open to sit tight for me, had too heavy line, still good enough, i will keep line in stock.

Anyone?

is that, "does anyone have any idea was tomasz is gibbering about, including himself?" ..... but does anyone care?

Yes

or do you mean no? :-)

Yes :-)