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no contact details on the web site....DOH!!
Interesting.......email the company me thinks.....
that was subtle;0))
Just keeps getting better!!! ASOS plc Leading online fashion store Trading Statement for the 3 months ended 30 September 2010 Q2 Q2 H1 H1 £'000s 2010/11 2009/10 Increase 2010/11 2009/10 Increase Retail sales 69,697 47,456 47% 131,409 87,657 50% - UK sales 43,680 36,045 21% 82,438 65,356 26% - Total International sales 26,017 11,411 128% 48,971 22,301 120% - US sales 3,752 955 293% 6,564 1,896 246% - EU sales 13,880 8,118 71% 28,056 16,435 71% - ROW sales 8,385 2,338 259% 14,351 3,970 261% Group revenues* 73,849 51,942 42% 139,656 96,503 45% *Includes retail sales, postage and packaging (P&P) income and 3rd party revenues Q2 Highlights (July - September 2010) · Retail sales up 47% year on year (UK +21% / International +128%) · US dedicated website went live during September 2010 · New warehouse "fit out" on track for commissioning in Spring 2011 H1 Highlights (April - September 2010) · Retail sales up 50% year on year (UK +26% / International +120%) · International sales mix 37% · Retail gross margin ahead of prior year Nick Robertson, CEO, commented: "I am pleased to report continued strong sales growth, both in the UK and Internationally. Our US website launched during September and we expect to be live with both our French and German websites by the end of October 2010. With retail gross margin ahead of prior year and costs tightly managed, we expect our full year results to be in line with market expectations." Investor and Analyst Conference call There will be a conference call for investors and analysts that will take place at 8.30am today. Dial in details for the call are as follows: Dial in +44 (0)1452569335 PIN 15902307
There is a company that has been banded about by a few very respected posters. Have a looksy at GOO they are potentialy sitting on a huge reserve in Peru of 1.7 Billion barrels. Take alook at the web site it is all there DYOR and all that. Also XEL is being touted a huge in the near term Good luck mate:))
I'm not very happy as I made a huge mistake today of all days. Basically sold the lot to DT. The stock I got went nowhere & this went mad. How gutted am I Will be back in this before too long. I can't belive I sold this morning...IDIOT I will never DT again. Lesson leart...the hard way:(( I have no patience!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
No I think it will keep going IMO the new web site in the USA goes live this month so positive news there will again push us on. I know that Gap and others are trying hard to compete with Asos but I think we have it sown up at the mo. Competion is however a good thing as it keeps us on our toes and we have have to keep being innovative. Cheers:)))
Thanks matee I can see this only going one way IMO. I don't think even the DOW slipping will effect this baby from going from strength to strength. Not sure if you've seen or posted this before but have a look at this interview from back in June. http://business.scotsman.com/ebusiness/Interview-Nick-Robertson-Asos-cofounder.6344105.jp Have a great Bank Holiday all:))
More to whet your appetite:)))) Get your wallets open chaps! It’s time to get your wallet out and buy some shares in ASOS, according to broker Panmure Gordon, which is enthused by the imminent release of the online retailer’s US site. “Our analysis shows a rapidly increasing proportion of ASOS’s web traffic coming from the US, up c.50% since January 2010. The US targeted site is due to launch in September,” Panmure Gordon analyst Jean Roche notes, adding that the US market has been ASOS’s second biggest for some time now. According to the broker’s figures, 10.5% of ASOS’s web traffic comes from the US, up from 9.4% a mere six weeks ago, and 7.5% back in January. According to market research bureau Forrester the US online clothing market could be worth $47.2bn by 2014, and ASOS, “a world class player”, is set to grab a chunk of that market. On this side of the pond, statistics from web-traffic tracking agency Hitwise indicate ASOS has reclaimed second spot in the UK clothing market from New Look, though the broker concedes that trends can be volatile. Nevertheless, the clear gap between ASOS in second place and Top Shop in third “corroborates what management said in the conference call following the July trading statement.” The company could be set to benefit from the euro’s weakness against the pound over the summer, Panmure Gordon believes. “ASOS sources 50% of its product from Europe … this means that its gross margin is likely to have benefitted from the most recent strengthening of sterling relative to the euro,” Roche observed. Though the price target has been left untouched at 956p, the broker has moved to a “buy” recommendation from “hold”, based on valuation. “The shares are trading on 34.0x FY 2011E [estimated fiscal 2011] earnings, dropping to 24.6x FY 2012E, and 20.5x FY2013E,” the broker notes.
This is the statement fron the year end in March this year. Chairman's Statement I am pleased to present another set of record results for ASOS. The year was characterised by a more prudent approach in our planning, specifically around stock levels and overheads whilst investing in our UK service proposition and building our international capabilities. The results, whilst strong, were under-potentialised. The widely predicted slowdown in consumer spending, specifically amongst the younger customer groups did not materialise and the Internet continued its strong growth as a retail channel. We are more confident for the current year and it has started extremely positively. We believe the prospects for ASOS, both in the UK and globally, remain very strong. ASOS is 10 years old this year and has evolved from a small entrepreneurial start-up to a leading UK fashion brand, credited with revolutionising online fashion retail in the UK. I am pleased to report that the entrepreneurial spirit is still very much alive but supported now by more robust operating procedures, expertise and processes all of which will assist ASOS in delivering its ambitious aim of £1bn sales, in five years from five main markets. Management Incentive Plan As outlined previously, we implemented a Management Incentive Plan ("MIP") in March 2010 to align our senior management team directly with the long term interests of shareholders. The MIP has a three year performance period ending on 31 March 2012 and is based on challenging Earnings per Share ("EPS") growth targets and Total Shareholder Return ("TSR") conditions. Dividend We have decided that in the short term, our shareholders' best interests are served by continuing to reinvest our cash to exploit the substantial growth opportunities both in the UK and overseas. Accordingly, we have decided not to declare a dividend for shareholders. This policy remains under regular review. People Our continued success is the direct result of our committed team and their efforts. On behalf of the Board I would like to thank them all for their contribution. During the year we appointed two additional non-executive directors to the Board, Karen Jones and Mary Turner, and I would like to thank them both for their valued input so far. This is just a snippet & this is why I'm here.
I used to check the broker opinions every morning until about 3 months ago! I now check Investegate every morning instead now just incase we have an RNS as this is what moves the price significantly upon good/bad news. I think the next update re the USA will push us on further & will hopefully take us through the £10 barrier then who knows where we will end up! Also the next quarterly figues will be interesting. Asos is everywhere at the mo sponsoring TV programms and the like which is all good & very exciting for us. Still wether you check the brokers or Investegate you still have to get up early!! GLuck with your investments:)
I like the look of the KAH chart circa 2008. Virtually every other company on the markets went the other way. I think it might be worth while looking at the DOW but like you think that ASOS is setting a trend regarding online shopping & ticking all the relevant boxes when it comes innovative thinking outside the box. I don't think any other company has such a strong grip on the market the way ASOS does and they have a very loyal following. It was the figuers on %profits that got me interested in ASOS in the first place & they continue to hold my attention. You know my other holdings are high risk & therefore I'm seriously considering putting all the profits in here when I reach my exit points as I think the rates from the banks are so pathetic. I think that in the not too distant future ASOS will be in the FTSE 100 paying a good divi and providing me a nice little income:))