Member Info for RobertoLarcos

3.5 years of Calamonte. Results?

- final rating on the stock is Sell -

We are dropping coverage of ASOS Plc (ASOS.L). This report summarizes our final view on the company. Our final estimates and price target are unchanged, and our final rating on the stock is Sell.

As we have detailed in prior research, persistent competitive pressures from Chinese Aggregators and Social Commerce have limited ASOS's ability to grow in line with the broader online channel in recent years, resulting in more volatile operating results for the business. While, management has pursued a multi-year turnaround, focused on improving basket economics/profitability, rightsizing inventory and strengthening its balance sheet, visibility on a meaningful inflection in revenue growth and profitability remains low as exemplified by the continued mixed operating performance of the business.

Shes back in the 300s? Or we’ve seen this movie? It was 450 in Dec-24 and was supposed to rocket thereafter (also it was supposed to rocket in 2023 according to the “technicals” expert)

King Midas in reverse

30 December 2022 - £10.50

30 December 2023 - £4.25 (the year it was supposed to rocket)

30 December 2024 - £3.99 (the turnaround year vol1)

30 December 2025 - £2.75 (the turnaround year vol2)

Is coming to an end…

She’s stuck in the 200s!!

🎶 It’s beginning to look a lot like (£4 by) Christmas 🎶

Genuine question

£4 by Christmas anyone?

You are on the wrong thread. There's a dedicated 'HYPE' thread

GS View: ASOS's FY25 results demonstrated a mixed operating performance with in-line profitability offset by weaker than expected revenue growth. Specifically, the EU, US and ROW remain particularly challenging with active customers and GMV down DD, while the company's core UK market has proved slightly more resilient. We view the company's commentary around seeing improving customer engagement in FY26 to date including new customers up c.10% YoY in the UK as an incremental positive from the results. Nevertheless, we think persistent competitive pressures from Chinese Aggregators and Social Commerce will limit ASOS's ability to grow in line with the broader online channel and thus remain Sell rated.

PT to 255p, remain Sell rated

As we move into the heart of the Christmas period, it is becoming increasingly clear that the current valuation of ASOS fails to reflect the most basic realities of seasonal consumer behaviour. December is not just another trading month; it is the point in the year when people re-emerge socially, diaries fill up, and the need for new outfits becomes non-negotiable.

This matters because clothes are not optional in December - they are functional. People go out more, they are seen more, and they buy accordingly. When that demand materialises, it has to land somewhere. ASOS, by virtue of scale, brand recognition and immediacy, sits directly at the centre of that spend.

The investment logic is therefore refreshingly straightforward. Christmas drives activity. Activity drives wardrobe refreshes. Wardrobe refreshes drive online fashion spend. And online fashion spend flows through ASOS. There is no leap of faith required here — just a recognition of how the season actually works.

As the market inevitably reconnects with these fundamentals, the current share price starts to look less like a fair reflection and more like a temporary oversight. A meaningful re-rating into year-end feels entirely rational, and a move to £10 by Christmas should be viewed not as a stretch, but as the natural outcome of festive demand meeting an underappreciated equity.

£10 by Christmas?

Let's hype this baby up lads..... £5 BY CHRISTMAS....

It's Christmas.... people buy clothes, people buy presents.... And guess who sells clothes? ASOS!!!

BOOM!

THIS IS GOING TO ROCKET 🚀🚀🚀

£4 by Xmas?

Btw this is the most popular thread on the ASOS board.

The title is so spot on! 18 months going strong

The bin juiiiice was riiight

The bin juiiiice was riiight

The scum has been riiight again

THE BIN JUICE WAS RIGHT

The scum who's always right..

He was right all along

he was right aaalll aloooong

THIS SHARE IS A DOG

ROBERTO WAS RIGHT ALL ALOOONGG

Good morning chaps! Another sad WEEK for ASOS is upon us.

ANOTHER SAD WEEK FOR ASOS