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!!

lol

Asos, the online fashion retailer, enjoyed a good summer this year with sales soaring 47 percent in the past three months compared with the same time last year, as the company continues its rapid growth.

Total retail sales for the group were £207.9 million ($335.5 million) driven by strong growth in the UK and abroad, compared to £141 million the year before, with overall group revenues up 46 percent for the quarter to £212 million.

"International growth continues to be driven by the countries in which we have dedicated websites and in-country teams, and was particularly strong in Europe, driven by France, Germany, Italy and Spain. We also saw strong growth in the US and in Russia, following the launch of our Russian website," the ASOS CEO Nick Robertson said in a statement.

(Read more: UK economy 'needs more time to recover': Philip Green)

UK retail sales were up 49 percent in the three months up to August 31 while US and EU retail sales increased by 59 percent and 73 percent respectively. This fuelled a 39 percent increase in Asos' yearly revenue, which hit £769 million.

Launched in 2000 as As Seen On Screen Ltd, the company sells own-brand clothing as well as designer fashion. Analysts say the way the company tailors its pricing to target its key audience has been a big factor in its success.

"At one point last year, we saw slowing sales. But the company has had a new lease of life in the UK by cutting prices on their own products, appealing to a core customer base of twentysomethings," Tamara Senders, fashion analyst at Mintel told CNBC.

"They are really starting to feel the pinch and becoming more conscious. So Asos have responded to this and has cut prices and introduced sharper prices."

(Read more: Skin deep, big margins: Betting on beauty growth)

Shares in the AIM-listed company were up around 11 percent trading at £53.79 Thursday.

Asos has shown a strong performance on the stock market with shares up 97 percent year to date. Some analysts believe, with a market capitalization of about £4 billion, the company is big enough to list on the FTSE 100.

"Market cap-wise they are big enough to be comfortably be on the FTSE100 if they so desired. But that comes with more expenditure and listing fees," Richard Hunter, head of U.K. equities at Hargreaves Landsdowne told CNBC.

(Read more: London Fashion Week: Is sustainability on trend?)

Asos still has the potential for growth in developed markets, but will need to localize more to sustain strong growth, according to analysts.

"I think they will do a good job opening up dedicated localized sites," Stephen Mader, director of retail insight at Kantar Retail told CNBC.

"They are not going to go incredibly localized because that would be detrimental to what has made them successful up until now. They don't want to tinker with that too much. But localizing is probably going to happen."

just swiched on a little bit of sky news and...my baby asos there..kind of little cheer up propaganda..:)

here we go! first 10 min and mega push 55 just gone like nothing happened, 56 , ... f...k yea!! love it ! on the money big time :)

Yeeeeeeeeeee Haaaaaaaaaaaa

truly gob-smackingly amazing

57 come on !

Yep come on.

YOUR NOT SINGING ANYMORE.........YOUR NOT SINGING ANYMORE ....cynic.

Pants on fire cynic.

for goodness findus, do stop being such a total pratt
i know you don't like your calumnies being destroyed, but i haven't held any position long or short here for a quite while now and have no intention of so doing
you really are just so DULL

as for BLNX - another of your nonsenses - i have never ever been short, and my current long there dates back to february

5734 out of all spreads, being pretty heavy this time as was adding tuesday/wednesday even thursday so thank you asc huuuge time!:) i'll keep stock.

glad you've banked profits (for a change!) ..... hope you made a bundle and can now afford a decent meal - or even a holiday :-)

no sweetie, no holidays , too busy with my Bayliner's fresh water head system.still no food.maybe one crispbread.

WTF is "Bayliner's fresh water head system"?

I thought you would have gone for a Sunseeker on your profits!

o yea skinny, on the picture is the nasty Predator, lets say 84...price £3m +.it would be game over..:)

Hey I can afford at least 25 of them.

Youve still had your balls burnt Cynic.

Have you closed??????????????????????????????????

no point in telling you the truth as you'ld never recognise it

so don't ask then and certainly stop perpetuating calumnies (go and look it up - it's a posh boy's word)