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!!

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!

seconded
i hold BOO so hope they follow suit

Not out of the woods yet but looking solid for now, skinny

Grabbed a few today.

Dc you little oversleep fireworks... still you should be able to do some happy dance later.. :)

Looks like poison air for sellers below 5500

train leaving the station soon... opened little spread at 4766,stop few handles below 45