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!!

Trading Statement

Q4 Highlights

· Retail sales +47% year on year (UK +49%, International +47%)
· International retail sales 64% of total (65% last year)
· Retail gross margin up c.460bps on prior year
· 7.1 million active customers* at 31 August 2013 (+42% year on year)

FY Highlights

· Retail sales +40% year on year (UK +34%, International +44%)
· International retail sales mix 63% of total (62% last year)
· Retail gross margin up c.100bps on prior year
· Strong balance sheet and cash position

Just gone through the numbers, did some calculations and..my god these numbers fenomenal...year after year after year..they not just growing..they are punch it through..i just love it..

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.