Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Augurs very well for SOS.
Who said that retail is dead?
TU Jan - last 3 yrs
20th Jan 20 / 13th jan 21 / 6th jan 22
So verdict?
Soon.
Happy New Year All!
LTH but have also just bought SOS at 20.3p in Trading in advance of an expected positive TU this week.
The 2022 TU date was 6th Jan covering Trading Oct-Dec so maybe this Thursday the 5th?
Ali Hall & Julie Lavington, Co-CEOs & Co-Founders, and Steve Dilks, CEO, present Sosandar’s interim results & trading update for the six months ending 30th September 2022.
Continued revenue growth of +72%, delivering the Company’s second six-month period of positive PBT. Momentum has continued into the second half of the financial year with record sales months in October and November, trading in line with market expectations for the full financial year.
Watch the video here: https://www.piworld.co.uk/company-videos/sosandar-sos-2023-half-year-results-presentation-december-2022/
Listen to the podcast here: https://piworld.podbean.com/e/sosandar-sos-2023-half-year-results-presentation-december-2022/
Agreed Looks very healthy and recent trading looking strong. Market might be concerned about cash decline and whether they will need to raise further equity to finance growth. Would be good to know current position and plans will follow up at webinar
Absolutely, if SOS can achieve this in the current market when most other fashion retailers are on their a*se, imagine what it can do when the market recovers. Happy to add more and hold what I’ve got. SOS might be an attractive takeover target but quite frankly I’m not bothered about that as this is a great success story with the prospect of more to come. Excellent foresight in stock management, containing costs and quietly growing the business. There’s a lot for other businesses to learn from here.
Same Schlum.
Excellent trading update. A fast growing company with good management and high ambition.
Happy to hold here.
In Sosandar's Oct 18th Trading Update they reported they'd spent £3m on heavy coats & clothes from China and Turkey, saving up to £10-15 a coat by using ships/trucks rather than air freight.
Given this winter's icy weather this looks to have been an excellent investment so results tomorrow should also have positive details on trading in the last 2 1/2 months. Hoping for 25p+ this week.
The PIWorld webinar is recommended. Here's what we can expect (sources: TU, FY update, 3rd party websites).
• Additional strong sales as Sept to Nov last year were amongst the year's busiest
• Rev of £20.9m +72% on FY22 H1
• PBT £0.1m vs -£1.1m
• Sosandar.com H1 orders +43% to 347,000 (81,000 new customers
• Profitable in all months of FY22 H2 and FY23 H1
• Sales via 3rd parties continue to grow
Sosandar items available at key partners:
Next (Platform Plus):1254
M&S:451
John Lewis:298
Very:112
JD Williams:69
Sosandar #SOS interim results webinar on 13.12.22 at 11.30.
Joint CEOs & CFO will present & answer questions.
Register https://bit.ly/SOS_H1_23_webinar
Yup, from gold mining to ladies fashion!
However I like the management here and have been adding over the years.
Advertising on telly now. Positive message there.
Feel for you - I know what it’s like to get it so wrong.
Sosandar #SOS H1 23 trading update call 18/10/22
https://www.piworld.co.uk/company-videos/sosandar-sos-h123-trading-update-call-october-2022/
Good webinar. Impressed with CFO responses
Yes CJ. This has been in the bottom drawer ever since.
Occasionally tempted to average down (from 472.4p!!)
Don’t know but just bought more.
Does anyone know why this is down today?
Just bought Sosandar for 13.9p. Market cap has dropped to £30m for a strong brand whose sales just surged 142% year on year to £29.5m, driven by a 65% increase in the number of active customers to 13.2m, Final day of H1 today - profit breakeven on track.
Despite great quarterly updates all year the share price continues to fall and has halved in 2022 which is very disappointing.
Lets hope they remain positive at the trading update and break though into consistent profitability. My hope is their more affluent customers are less impacted by economic headwinds and that they continue to grow their niche customer base
I joined the AGM virtually this morning and a question on heavy website discounting came up from a PI. A month ago there were a lot of discounts but the committee confirmed that this is usually used very infrequently and strategically to sign up new customers. By far the majority of their sales are at full price and I'm sure SOS are not interested in a chase to the bottom.
RNS: The Company can confirm that it intends to release a trading update covering the six-month period ended 30 September 2022 on Tuesday 18 October 2022.
No thoughts on that CJ. But got back in a few days ago as I am hoping one day this prove to be more than s little gold mine.
I remember the Oregon gold days, there were a team of rampers who were responsible for losing people a lot of money, they know who they are. Does anyone feel that what happened with that company was nothing short of criminal. I said early on that the company will never mine any gold, they never once generated even £1 on revenue, it was simply share placings to pay themselves handsomely whilst pretending they had struck gold. It was a valuable lesson I learnt. But those rampers like John777 I think it was really were shameful. Any thoughts on that venture?
Since Peel raised the bid price to 22.50p at 9.21am this morning there have been over 450k of shares sold at or around the bid price and yet Peel still holds the bid price! A buyer?