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!!

Get lots of little hitlers Shortie who influence other people on the thread and then ban others for not having the same opinion as themselves and a premium membership.

Fact is you get about 90% of threads that are only for long OR short punters depending on which way the opener swings.

One on here that has not posted lately . :-))

Halifax???????

Not for me then, long or short it doesn't matter to me but if your going to post your position and ramp a share you need a valid reason for it. Some people don't seam to have any perspective in their posts, they won't listen to others or argue their points with facts and figures. I have three such people on squelch.

NOWT thread for this line of discussion I think
mind you, you may want to avoid a couple of trolls there who incessantly post silly political nonsense by the yard :-)

if Asos should get back to £62, potentially time to short again

thought you'd died!

Exaggerated!

cynic - 18 Mar 2014 17:53 - 5057 of 5060

NOWT thread for this line of discussion I think
mind you, you may want to avoid a couple of trolls there who incessantly post silly political nonsense by the yard :-)............

yes they go under the name of Cynic and Hays money am.s answer to the CHUCKLE BROTHERS

go and banish yourself :-)
it always amuses me that for some strange reason you think I am glued to hays ...... even further from the truth than you having an intimate relationship with fossy

See talk thread.

Pee Wee.

ref : skinny...no...old catalogue...wish I knew how to scan things on here...

I like the most 2.5 bil sales capability werehouse project, thats a £120 + for a share area and we can slow down to 20% a year growth and still hit that in 5 years time, bargain times, got to love market.

i am almost tempted to go short again ...... all analysts - not that they're worth a lot - are now cutting their targets, though with one exception, liberum i think, those levels are still loony

N+1 Singer keeps holding Asos as model for growth
18 March 2014 14:11

While numbers were worse than expected, the trading update from Asos proved the robustness of its strategy, said broker N+1 Singer as it reiterated its 'hold' recommendation.

The trading update in the two-month period highlighted two key things, according to analyst Matthew McEachran.

Firstly, the continuing strong growth in some overseas regions and also the UK, albeit slightly softer than hoped, "confirms the strength of the model".

The second point is that as ASOS internationalises overseas currency fluctuations become increasingly relevant, with the recent appreciation of sterling hitting sales in several markets.

Forex cost Asos a large portion of its growth in its nascent Rest of World (RoW) segment, with the Australian dollar and Russian rouble costing it 12 per cent of growth as RoW sales grew by only 3% (vs +19%) compared to expectations of 24% growth.

Other geographies were both slightly better than market expectations with US retail sales up 41% and Europe up 57%.

News that warehousing investment has been accelerated in the UK and Germany means additional costs this year, on top of China start-up costs, especially in the first half of the current and next year.

"The investment will raise capacity to circa £2.5bn and therefore facilitate the next leg of growth."

In the medium term, the net effect of slower RoW revenue and warehousing dual-running and disruption suggested to the broker that full year profit before tax forecasts will reduce by circa £4m and deliver roughly £20m first-half profit, a near-20% year-on-year decline.

The analyst said the increased investment "highlights management remains bullish about future growth prospects" and pointed out that FX headwinds should moderate at some point in time.

OH

Date Company Name Broker Rec. Price Old target price New target price Notes

19 Mar 14 ASOS PLC Barclays Capital Overweight 5,658.50 - 6,000.00 Reiterates
19 Mar 14 ASOS PLC Citigroup Buy 5,658.50 8,000.00 7,000.00 Retains
19 Mar 14 ASOS PLC Nomura Neutral 5,658.50 6,000.00 6,000.00 Reiterates
19 Mar 14 ASOS PLC Deutsche Bank Hold 5,658.50 6,200.00 5,800.00 Reiterates
18 Mar 14 ASOS PLC Numis Buy 5,658.50 7,500.00 7,500.00 Reiterates

a few more for the mill .....

Liberum cuts target price to 2500p from 3000p; rating sell
HSBC cuts target price to 7,300p from 8,200p; rating overweight
SocGen cuts to sell from hold rating
Panmure cuts target price to 6051p from 6126p; rating hold
Cantor cuts price target to 6400p from 7200p; rating hold


it is noticeable that though Singer (above) make a number of bullish points, it is also tempered thus .....

full year profit before tax forecasts will reduce by circa £4m and deliver roughly £20m first-half profit, a near-20% year-on-year decline.

which i would hazard would be badly received by the market

Lets just face it, the brokers with their ratings don't have a clue..

fully agree, but to my mind, once sp recovers to >£62.00 (as suggested by PTH), shorting looks ever more interesting

Why 6200, its overvalued still and I'll short off a sell signal regardless of sp.