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!!

yes they are, but once all the first euphorial froth from last night in USA has blown away, it will be interesting to see the markets reaction .....

i did notice at the tail of that announcement "We expect profit before tax for the year ended 31 August 2013 to be marginally above expectations." ...... markets are fickle beasts and it may not like that conservative forecast

Not rally sure why one is stubornly as a mule dumb..anyone?

Cynic getting his balls burnt on his short.

you are such a prick findus+chips
why do you find it necessary to spread complete fabrication, such as me being short of ASC and BLNX?
it really is awfully dull and if it's meant to upset me, you got that wrong too .... it merely says plenty about your own character defects

Canaccord Genuity Buy 5,311.00 4,833.00 3,400.00 6,200.00 Upgrades

N+1 Singer Hold 5,311.00 4,833.00 - 4,500.00 Reiterates

Numis Buy 5,302.50 4,833.00 - 6,000.00 Reiterates

Cynic balls burnt off now, just look at this upgrade dear chap.............

19 Sep 2013 ASOS PLC ASC Canaccord Genuity Hold 5,274.00 4,833.00 3,400.00 6,200.00 Upgrades

POOR LAD

ASOS upgraded by Canaccord Genuity
19th September 2013, 09:09

Analysts at Canaccord Genuity have upgraded their recommendation on Internet retailer ASOS [LON:ASC] to ‘buy’ from ‘hold’ following today’s fourth quarter trading statement, which came in “well ahead” of expectations.

The City broker has increased its price target by over 80 per cent to £62 per share (previously £34).

The broker said: “The ability to adopt a “disruptive pricing model” sourced from multiple drivers, the key element being volume, is delivering significant opportunity.

“In the next 12 months this will not only come from further price investment but the ability to enter into new markets and invest greater depth in core.”

Separately, N+1 Singer has reaffirmed its ‘hold’ call on the shares, despite the positive results announcement.

“ASOS has emerged more strongly than even we anticipated after its re-investment phase, leveraging buying, mark-down savings and warehousing efficiencies and reinvesting in quality, design, price, service and marketing,” analysts at N+1 said.

At 9:07am: ASOS share price was up 470.5 pence at 5,303.5 pence.
Back

goldfinger lol

I dont know if you realise but you destroying cynic's alternate reality now..he is doing his best to create it as a success here and unfortunately such bastards like me you and few others pay attention too much thus catching something not sticking here and there...he is doing hell of a job patching fiction..and don't expect true..telling it he would be disaster here - complete opposite he's creating.. (findus,chips..?!% wtf )

to elucidate ..... a frozen fishfinger who has a bag of chips on his shoulder .... now ask him why

btw, i really don't care whether you believe me or not .... however and unlike the twerp above, i do not have a compulsion to fabricate stories

tomasz, cynics always been a born loser.

Hes not only short here but also in blnx.

To be honest never seen him make a penny on the market unless he is holding onto my coat tails or someone elses who knows their stuff.

Ive got him filtered and must admit miss the days when I hadnt got him filtered and was taking the pith out of him it was really an entertainment for me, but he got boring and started to be ungenuine.

short BLNX???? ..... oh dear oh dear oh dear
any more crap to disseminate?

goldfinger I see your point :)

anyway braking 54 all time high, im watching tape and I see power behind buy side punching through pretty big sell order left behind , I can assume market will try to run pretty heavy shorts stops ( must be heavy , all mids and smalls after gap down and massive one day drop ) ...just unbelievable amount of money involved..

btw as today's whole country's retail sales come up as -0.9%, asos's +40% springing to my mind saying' never pay face value ' :)

ASC was ridiculous and looks like some badly burned bears being forced to cover as traffic very heavy

Cynics had his bollox burnt do da do da, cynics had his bollox burnt do da do da,

altogether now, cynics had his bollox burn do da do da, do da do da DAY.


Ha ha.

tomaz bet hes turned full circle and his trying to justify bears getting done......am I right?

Seen him do it so often in the past to try and cover up his inefficiencies.

you really are total tosser findus, but if big lies and little things please little minds, who am i to care?

Cynic i cant see what you are saying just your name.

Im smilling cynic laughing cynic grinning like a cheshire cat cynic.

You can still buy what I buy, I know I cant filter you for that.

Shouldnt have been such a silly sod on the 'talk to yourself thread' in fact always looked upon you as my best online mate. Shame you spoilt it.

..

ASOS set to smash 1 bln stg sales target a year early
Reuters - UK FocusReuters - UK Focus – 5 hours ago.


* Set (KOSDAQ: 027040.KQ - news) to hit 1 bln stg of sales in 2013-14 year

* Q4 retail sales up 47 pct to 207.9 mln stg

* 2012-13 retail sales up 40 pct 753.8 mln stg

* Sees 2012-13 profit ahead of expectations

* Shares rise up to 10.8 pct (Adds CEO, analyst comments, detail, background, shares)

By James Davey

LONDON, Sept 19 (Reuters) - British online fashion retailer ASOS (Other OTC: ASOMY - news) is on track to hit its 1 billion pound ($1.6 billion) annual sales target a year early, underscoring the dramatic shift to internet shopping and the urgency for traditional store groups to adapt.

ASOS, founded by former advertising executive Nick Robertson in 2000, has been the big success story in British retailing in recent years, with its fast-changing fashions snapped up by internet-savvy twentysomethings and attracting fans including U.S. First Lady Michelle Obama and singer Rita Ora.

Its shares have rocketed - the firm now has a market value of 4.3 billion pounds, more than Debenhams (Other OTC: DBHSY - news) , SuperGroup (SES: E1:S10.SI - news) , Ted Baker, Laura Ashley (LSE: ALY.L - news) and French Connection combined - and could be a member of the blue-chip FTSE-100 if it switched from the junior AIM market.

Robertson, the great grandson of tailor Austin Reed, said there was no sign of growth slowing. UK online sales are currently rising around 14.4 percent year-on-year, according to researchers Kantar Worldpanel, while data on Thursday showed total UK retail sales up 2.1 percent in August.

ASOS has also expanded overseas and plans to launch a Chinese-language website in October.

"It's feeling that this (2013-14) should be our first billion pound year," Robertson told Reuters, after ASOS posted a better-than-expected 47 percent jump in retail sales for its fiscal fourth-quarter and said profit for the full financial year would be marginally ahead of expectations.

The target to achieve 1 billion pounds of sales in 2014-15 was set three years ago, when ASOS was turning over 223 million pounds. Robertson said revenue targets were likely to be reset when ASOS reports full-year results in October.


SHOOTING THE LIGHTS OUT

"A phenomenal model and first rate execution," said Jefferies analyst David Reynolds, though he raised some concerns about a potential rise in returned purchases and the cost of delivering goods more quickly to ever more demanding shoppers.

Some analysts are also unnerved by ASOS's sky-high valuation, which means it has little margin for error.

The company is one of the most highly-rated shares on Britain's stock market, trading at 99.9 times analysts' 2012-13 earnings forecasts, according to Reuters data. That compares with 27.7 times and 25.6 times for world's top two clothing retailers, Inditex and H&M respectively.

On Thursday, however, ASOS shares made further strong gains, and at 0955 GMT were up 9.7 percent at 5,302 pence. The stock was floated at just 20 pence in 2001.

"The UK shot the lights out," Robertson said of fourth-quarter sales, noting best sellers included slip dresses, pink fabrics and styles with a nod to the punk scene of the 1970s.

Group retail sales totalled 207.9 million pounds for the three months to Aug. 31, taking the total for the full year to 753.8 million pounds, up 40 percent.

Fourth-quarter UK sales jumped 49 percent to 74.1 million pounds, with international sales up 47 percent to 133.8 million pounds, driven by stronger growth in countries where the firm has dedicated websites and in-country teams, notably in the United States, France, Germany, Italy and Spain.

ASOS sells over 65,000 branded and own-label products, shipping for free to 237 countries.

Prior to the fourth-quarter update, analysts' were on average forecasting a pretax profit for the 2012-13 year of 52.5 million pounds, up from 44.5 million pounds in 2011-12.

Robertson said the firm had no current plans to switch to the FTSE-100 index.

($1 = 0.6262 British pounds) (Editing by Kate Holton and Mark Potter)

findus - if you want to be such a total disseminating prick, that is your choice .... ditto if you want to send me to the "naughty step" ..... i really do not care one iota