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10th July earning release will inform us about the direction of travel. I expect international partners to be announced then or before even.
Mid September for the AGM. Sainsburys will be in place by then.
I think the above will help them to exceed their targets.
More than likely (plus the recent poor results from JD Williams and the current upheaval in the Barclays' Empire, the owners of the Telegraph Group and Very, amongst other businesses). SOS doesn't seem to get much credit for that the fact that its target customers tend to be more affluent middle-income earners who, thus far, have been more resilient than some other groups. That said, times are a changing, inflationary and borrowing costs are, for some, only now beginning to bite.
I think that SOS will continue to benefit from the addition of more platforms (e.g. Sainsbury's) and more product lines being introduced to those platforms, but I suspect that new customer acquisitions, average spend per customer and/or average number of transactions per customer will prove to be be less than forecast. I wouldn't be too surprised if SOS fell short of current FY24 targets; I think it's going to be a tough ask in the current market.
Is the SOS sp suffering from a read over from ASOS?
To suggest it's the death knell for ASOS is a market over reaction. The withdrawal of credit insurance means that ASOS will need to commit more cash upfront to secure supplies. ASOS has the cash resources (following its recent fund raise) but it may well require ASOS to reprioritise, which may not be a bad thing. As it currently stands, ASOS is wedded to running its own distribution centres even though it may not always make sense outisde of the UK and the EU; a change of approach may help rather than hinder.
AsosToday 07:26
City am are saying the credit insurers for Asos are pulling cover. This can often be a death knell. Buyers circling. There is value in the customer base for sure. Interesting times and possibly opportunities for SOS.
I wish I wasn't fully committed otherwise I might pick up some more on this drop
Obviously nothing new to report.
Missed it. Anything new?
Sos management on W&A on Mello Monday this evening at 5pm uk time.
Should be interesting.
hxxps://melloevents.com/mm150523/
I have a decent sized SOS holding and will add again soon. It seems to me that now more than ever things are in place for substantial growth in sales and profits.
Well done to all the SOS team.
From 1.08.00 - https://www.youtube.com/watch?v=Nv8xecN1uGc
Sosandar’s joint CEO’s Julie Lavington, Ali Hall and CFO, Steve Dilks outline the FY23 highlights followed by Q&A. A milestone year, delivering revenue up 44% YoY and first full year of profitability.
Watch the video here: https://www.piworld.co.uk/company-videos/sosandar-sos-fy23-trading-update-call-april-2023/
Or listen to the podcast here: https://piworld.podbean.com/e/sosandar-sos-fy23-trading-update-call-april-2023/
Not long to find out - but I'm fully expecting LSE and all government offices in England to be open on Tuesday.
I've just topped up but I'm confident that my buy will be shown as a sell because it's below the mid price.
Easter Tuesday is also a holiday for public services, eg. Civil Service, Local Government and most schools in the UK. I'm not sure about banks and the London Stock Exchange
Don't know where you live but pretty sure Tuesday is not a Bank Holiday in UK.
Probably not Tuesday. I believe it's a public/bank holiday.
If not tomorrow, then likely Tues/Weds next week if past TU are anything to go by
I hope we get a TU tomorrow
I think that Sosandar lies within Next's Label UK commission sales and this seems to have been a strong growth sector for FY23. Next is predicting that its commission increases are going to be more than offset by its own increased costs i.e. it will be absorbing some of the additional cost-of living costs.
SOS has been adding more strings to its bow over the last 12 months so I don't think that we'll see any fall in top line sales but, as I've said previously, the indications are that SOS will be spending more to acquire new customers and, as such, it's unlikely we'll see any signficant improvement in FY24 EBITDA (we should hopefully be at, or around, breakeven).
Just my opinion but I don't see what is happening at this moment affecting Sosandar's future prospects
Some holders reading across from today's results from Next and their thoughts on what's coming up for the coming year??
SOS is my biggest holding so I get a lot of random thoughts about it. 8-).
Talk about talking to yourself ;-)
Strategywise, I think SOS is heading in the right direction but its going to take 12-18 months to start paying dividends. They are clearly set on expansion and, in the short-term, that's likely to result in increased costs (customer acquisition). Top line should continue to improve but EBITDA may flatline. It will be interesting to see where, how, and with who, they are going to start their overseas expansion (I wouldn't be surprised to see them rolling out a Next or Sainsbury's like tie up before trying to roll-out an overseas website). Interesting times.