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!!

ASC
i thought the figures below were pretty good, but clearly much selling on the news as sp down nearly 10% ..... may be worth a punt

==================

In its interim results up to 28 February 2018, Asos maintained its full-year guidance, and revealed revenues rose 27% to £1,158.1m compared to the same period last year, supported by strong UK and international growth.

Retail sales grew 27% on a reported basis and 26% on a constant currency basis. UK retail sales grew by 22% to £414.5m from £340m despite a challenging market, aided by new category expansion and proposition enhancements such as 'Try Before You Buy'.

International retail sales grew 31% to £716m, making up 63% of total retail sales.

Retail gross margin was up 100 basis points, while Pre-tax profits increased 10% to £29.9m.

Asos reported 29.9m orders were shipped - a 28% increase, year-on-year, while first half site visits exceeded one billion for the first time.

The firm maintained its full-year outlook for reported sales or earnings before interest and taxes (EBIT) of circa 25% to 30% and circa 4% margin, respectively.

'These results show strong trading at the same time as we are making substantial investment in our future. Our customer engagement is going from strength to strength and we've achieved more than a billion site visits for the first time,' said Nick Beighton, CEO.

'Alongside our investment in our people and our technology, we are accelerating investment in our distribution and logistics, laying the foundation for £4 billion of net sales, a further step in building ASOS into the world's number one destination for fashion loving 20-somethings.'

Good call cynic off the lows at time of writing

:-)
had a dabble, but rather too early at 6508 ...... neverthelesss, the smile above tells it all

thanks to DT, the rest of the market is collapsing, but ASC is roaring back .... yippee!

StockMarketWire.com
Shares of Asos fell on Friday, a day after the US Supreme Court overturned a ruling, allowing states and local governments to start collecting sales taxes from internet retailers.

Under the previous ruling, US states were barred from forcing businesses that had no physical presence in a state - such as internet retailers - to collect sales tax from customers.

The fall in Asos shares followed a similar plunge in online retailers in the US as Amazon, eBay and Overstock.com came under pressure Thursday.

StockMarketWire.com
ASOS said Thursday it expected full-year sales to come in at the lower end of expectations after reporting that revenues rose 22% in the four-month period, pushing revenues for the 10 months through June up 25%.

For the 10-months to 30 June, sales in the UK rose 22% to £702.5m, US sales rose 18% to £257.1m, while in the EU they rose 36% to £606.5m. Across the rest of the world, sales jumped 19% to £367.9m.

Total retail sales rose 25% to £1.9bn, and total group revenue was £1.98bn, up 25%.

The uptick in revenue came as retail gross margin rose 130 basis points, which was ahead of management's expectations. 'We delivered good sales growth, particularly in the UK, better than planned gross margin alongside significant progress on our infrastructure investments,' said Nick Beighton, CEO.

The retailer warned, however, it expects reported sales growth to be at the lower end of the 25% to 30% range. While full year pre-tax profit is anticipated to be in line with market consensus

MIDAS SHARE TIPS UPDATE: There is more growth in sight for trendsetting Asos - these shares are undervalued.

Does anyone know why the 5.5% drop in the share price today?

reflection of slight profit warning from zalando in usa

Thanks cynic

cynic
any idea of the sell off in the last week or so?

confess that though this is on my radar, i haven't played for quite a while, though i do hold BOO

arguably to do currency movements and perception that perhaps ASC does not pay the workers in the factories in the 3rd-world countries too well

Thanks cynic as always

After 4 years just holding i'll pick right now to add 228 at 4967 :)

//https://www.google.co.uk/amp/s/www.aol.co.uk/amp/2018/10/12/asos-expected-to-shrug-off-sales-woes-with-hike-in-annual-profit

Added 60 at 4929.5
In my view price shouldnt got much lower around here. Technically the last 3 days last week made a hammer so 4500 should bring support. Also the hammer trade at 50~60 current PE and that would be about current equity growth

Finals on Wednesday.

Numbers strong as usual, going to be mayhem today

Final results

Results summary

· Retail sales grew at +26% on a reported basis and +24% on a constant currency basis

· Strong growth across both UK, +23%, and international territories, +27% (constant currency +24%)

· Retail gross margin up 130bps

· PBT up 28% at £102m (EBIT margin 4.2%), after taking account of substantial transition costs

· Continued strong customer engagement: active customers4 +19%, average basket value +1%, order frequency5 +7%

· Total orders placed 63.2m, +27% year on year

· US hub phase one operational, Euro hub phase two progressing well

· Cash balance of £43m reflecting working capital and capex investment, new £150m 3-year facility agreed

Guidance and medium term outlook

· No change to FY19 reported sales and EBIT guidance; c.20-25% and c.4% EBIT margin respectively

· Medium term reported sales growth guidance also unchanged at c.20-25% p.a. with a c.4% EBIT margin and capex of £230-£250m p.a.

more.....

Well done on these!