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!!

EVIL CLOSES HIS SHORT

"In terms of the portfolio there has been a bit of a spring clean here at Evil Towers. I am prepared to admit that some of my investments and disinvestments are not heading the right way as fast as I would have liked. So on that basis I have closed shorts in ASOS......."

evil knievil had a short on SEO and closed it pretty damn quick with a fair old loss. What is not generally grasped that his short on ASC has been good news! The sp has come down below a fair value. Who would have believed we would have another opportunity for the upward ride of last year! Have topped up with a fourth CFD for 20K. Happy to wait another few weeks for the super trading news so that I can continue to ADD. Great chap, evil! The bull's best friend! lol!

Eric

Eric

I have lots to learn...put my stop too close and got knocked out of my CFD on ASC
Still the SEO one is doing nicely!

Ruthie

Hi Ruthie

Happens all too often. Don't believe in stop losses myself because
they seem to act in the interests of the broker! If a share really falls sharply it just goes past the stop loss. So the only sensible course if you are concerned about a share is a guaranteed stop loss which will cost you extra. I find it better to just keep a close watch on the situation and make my own judgement on where to sell.

Believe ASC is an excellent prospect for a CFD just now. A positive trading statement will be along sooner or later and the share is oversold. Evil has closed his short so there could be some buying as a result on Monday to close short positions. I wouldn't chase it up without hard news. This may not come until the end of the current quarter in July. I think it is more likely to come when the warehouse move is completed and they want to tell that story, quite likely in the next two or three weeks.

Eric

Eric

You had too many glasses of Rioja? Speeeling is crap tonite!! LoL

Peter: must be that crap Ossie stough! Hav corecctid the poast thogh. lol!

Eric

I'll donate a nice bottle of Gran Reserva for closest to the pin or something for the Golf Challenge.

Peter

Well done, Peter. I'll bring a bottle of Rioja for the longest drive as I will have no chance to win it - unless I am the only one on the fairway, that is!

Eric

With all this good wine on offer should I take up golf again, I wonder. Last gave it up when I was 7 yrs old (and I'm not talking dog years, before you ask!)

sd

From advefn:

get 'em whilst you can basically! fidelity is the world's largest fund manager and is investing in a company which has a market cap BELOW 50million at the moment.

funds can't normally invest in companys who market cap is below 50mill.

something is brewing and i'm sure the retail punter will be the last one to know but this is HIGHLY POSITIVE NEWS. imho

Is trying to breakout above the 50 day MA, volume on balance is positive. All the TA indicators (at bottom of graph) are pointing to an UPWARDS move. On the Alexa charts it's hitting record highs again....

ASC having another good day. Broken out above the 50MA.

I bought back in today, this is looking good,

jimmy

have been in since last year and have continued to hold during the slide. Also took out a small spreadbet recently, which is now nicely in profit. Something looks like it is about to break and I guess it will be the trading update.

PTH

I bought and sold twice last year/this year , i just wish i had bought in the low 40's a couple of weeks ago.

Nice rise in these today, what do you expect from the trading update ptholden ?

jimmy

Must be honest, don't have a clue. Except to say that, I would expect ASC to confirm the new warehouse is online and fully operational and therefore solving the distribution problems, or at the very least nearly on-line. The last trading staement indicated full year profits of between 1.05-1.20 mill before tax, down from the previously anticiapted 1.50 mill. Clearly the rumour, fuelling the recent rise is based on the reduced profit forecast being surpassed. I understand that their website continues to receive record 'hits' so perhaps there is some basis for the rumour. I certainly hope so. Sorry, I can't be more informative, but who knows what sales they are achieving until they tell us?

PTH

Cheers pt, lets hope it heads back to the highs of earlier this year , i know Eric has been buying in when it was low 40's, good on him..

Just back after a couple of days away - no not golf, feeding the soul! Find SEO down biut offset by the good rise in ASOS. The year to 31st march 2005 is probably in-line with the revised forecasts of 1.1m (March 3rd RNS) which was down from 1.5m previously forecast. Seymour Pierce forecast 2.25m for the current year or eps of 3p per share. This gives a forecast PE of around 20. Now, it appears likely from the Hitwise figures that growth has resumed on the old trend line of something like 80% year on year and that pbt is likely to be more like 2.5m to 3m. This sort of projection is likely to also increase the projected pe. All the ggod news may not come through at onece; it doesn't need to. The next announcement is likely to be the completion of the warehouse move and encouraging sounds about trading. July should then give the 1st quarter trading when the improvement will start to be visible.

Looking at the charts, there is not really a resistance level until 80p. If it is established that the problems of last Christmas and new year are merely hiccoughs then the old rating should be quickly restored. Anyway that's my objective and it may come sooner than expected. Glad I called it right. I only bought 25% of my current holding at the bottom, 42.5p but my other three CFDs are now looking very healthy and I plan to hold for the run-up. Pinched a bit at present by SEO but will add to ASC holding as opportunity permits.

Eric

Eric

from adveefn:

johnyee7 - 24 May'05 - 20:22 - 21938 of 21947


Wondered why the price was going up:

sent to my email

rumours that asos was on the verge of issuing a bullish trading update moved the shares up 4.5p.The company was due to move to a bigger warehouse in mid May,investors speculated that they would issue a trading update in conjunction with the move.

Fidelity topping up AGAIN!!!


RNS Number:9352M
ASOS PLC
31 May 2005


ASOS plc

("ASOS" or "the Company")

Holding in Company

ASOS was advised on 27 May 2005 that Fidelity International Limited has acquired
553,700 ordinary shares in the Company and now holds a total of 5,156,500
ordinary shares, which represent 7.19 per cent. of the entire issued share
capital of the Company.

Of the total shareholding notified, 4,930,600 ordinary shares are held in the
name of JP Morgan, Bournemouth and 225,900 ordinary shares are held in the name
of Clydesdale Bank plc.