The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Nice bit of movement. Is the seller finally out.
There appears to be a large seller that is currently depressing the share price. The results were excellent and, despite the current global economic headwinds, I think that SOS should meet, if not exceed, current year market expectations by just increasing its available ranges with John Lewis, Next, M&S and Very but then I think it starts to get tougher. There's only so much additional growth that can be achieved by adding to their existing ranges with their third party customers. The Times summed it up nicely last week; SOS is the best women's brand nobody has ever heard of (women either love SOS or simply haven't heard of them yet). There is still significant scope for SOS to increase their UK customer base and increase sales on their own website but increasing their ranges with third party partners can be a two-edged sword (customers won't need to go to SOS's own website if the full range is available elesewhere). They seem to have developed an effective, relatively low cost marketing approach but the flipside is that it isn't delivering thousands of new customers every week; it's a slow burn. I'm not saying that they should change their current approach (it's financially savvy) but it does mean that SOS may not be able to ratchet up the new customers it will need to maintain existing sales growth and offset the likely reduction in average spend as the current inflationary pressures begin to bite.
It would be interesting to know who the other potential UK third party partner might be. In response to a question raised in their market presentation they said that there was one more potential UK third party partner they might consider. ASOS? Given ASOS's existing online presence in EMEA and USA, ASOS might prove to be a good partner with whom to launch their initial overseas expansion down the road (none of SOS's current partners have the same worldwide coverage).
Why is this selling off. I thought the results were good. Market mechanics?
Sosandar management, Julie Lavington and Ali Hall, Joint CEOs and Steve Dilks, CFO, present the full year results for the period ended 31 March 2022.
You can watch the video here: https://www.piworld.co.uk/company-videos/sosandar-sos-full-year-2022-results-presentation-july-2022/
Or listen to the Podcast here: https://piworld.podbean.com/e/sosandar-sos-full-year-2022-results-presentation-july-2022/
Very good long article in the Telegraph titled "The biggest high street brand you’ve never heard of (With its flattering fit and vivid prints, Sosandar is bringing sexy back to midlife women)."
"It is a thoroughly modern brand, selling affordable designs online only and through e-commerce partnerships with M&S, Next and John Lewis – and women today seemingly fall into one of two camps: they either love Sosandar, or they have never heard of it."
It has interviews with Ali and Julie, a backstory of the company and lots of photos. Even most of the 49 comments are pretty positive. It almost reads like an advert but thankfully it's not.
It's behind a paywall but I signed up on a free subscription to read it:
https://www.telegraph.co.uk/fashion/shopping/biggest-high-street-brand-never-heard/
two trades for 1.5million, one sell, one buy, both with same timestamp.
Any clues as to the big after hours trades? 1.5mil trade!
If only first quarter revenues had come in at £104m, we'd all be in clover ;-)
AgreedI continue to be impressed the managment team and given their customer base and their small % of the market then UK growth still looks reasonably assured and certainly to a decent PBT which could then be significantly increased if they get any export traction.
The 40% decline in share price this calendar year with little response today is very disappointing..
That was a really strong and positive presentation on piworld today. I've topped up and I'm confident that we'll see a turnaround this year as we've just had nine consecutive months of profits.
Interesting to hear that they negotiated hard with their partners so that Sosandar clothing would be shown in their preferred Lifestyle setting rather than just shot against a white background. Compare Sosandar clothes photos and others:
https://www.marksandspencer.com/l/women/dresses/fs5/animal-print
The marketing and magazine editing backgrounds of the joint-CEOs is giving them clout well beyond the norm of a £42m company.
Have watched the development of this company for a few years. I thin it will garner more attention, it’s very well run with good connections. It’s been built on solid foundations and is performing strongly when most around are struggling. Paul Smith on Stockopedia provides some good analysis
Sosandar management, Ali Hall & Julie Lavington, Co-CEOs & Steve Dilks, CFO will present full year 2022 results.
Tuesday, 12 July, 11:30am
Join us here: https://bit.ly/SOS_FY22_webinar
Recent director buying encouraging. Could it be a Wraggs to riches story?
Back in yesterday for the results. Fingers crossed. Gla.
I also wonder if NEXT has any plans to expand the success of its online LABEL UK initiative to its overseas online offering; if so, that could be a good springboard for SOS.
Couple of points of note in NEXT's 2022 Q1 trading statement issued on 5 May:
1) Online LABEL UK sales up 20% on 2021 Q1; and
2) NEXT expects to generate around £220m of surplus cash in 2022, part of which may be used to acquire equity stakes in Total Platform clients
Both could bode well for SOS. A strategic investment in SOS by NEXT could be interesting.
New Investors or interested parties might find this 29th April 2022 podcast interesting with the 2 founders being interviewed on the "In The Company Of Mavericks" Podcast along with fund manager Rosemary Banyard.
https://inthecompanyofmavericks.com/episodes
Click on the "A Conversation with Julie Lavington and Ali Hall of Sosandar" Podcast
Really encouraging report and outlook. The market is unpredictable but no justifiable reason for negativity. Good to see the profit drafted into the near future.
Well the results are out lets see what mr Market thinks…
Whoever it is 007 - it's not an II - someone's buying in big decent chunks today at 26p - they have been doing it for the past 2 days. Just small PIs selling
I get it - discretionary spending and all that - everyone wrote off QUIZ which IMO is probably the nearest peer to SOS.
Look at what happened to Quiz
Shocker of a result - anyone who bought it at 9p which was literally 1-2 months back (I was tempted to rebuy after selling at 15p) has literally bagged.
So 9 months SOS have been flying
Just last 3 months of the FY which are unknown. If I am a betting man - the last 3 months must have been great given that omicron no longer posing a threat and the opening up of parties and get togethers etc
But there are clues as to how the last 3 months have been - through Quiz's rns.
Per Quiz recent rns - the momentum has continued since the post Christmas update - https://www.lse.co.uk/rns/QUIZ/trading-update-p4royonba8x3ltg.html
I'd expect that SOS would have been performed equally if not better than Quiz.
Overall, very surprising SP action.
Last few weeks, some sort of rejuvenation in retail stocks - THG, BOO, ASC + JOUL yet SOS languishing.
Vagaries of the market... sigh
Probably will do a 10% rise tomorrow - completely unpredictable at the mo.
Agreed Scooby but looks like someone is trying to shake the tree to get in cheap.
TU expected within 10 days?
Fantastic progress made throughout the year.
I reckon SOS will surprise on the positive side.
Their peer QUIZ was better than expected.
No material impact from supply constraints
Must have been huge pent up demand due to re-opening trade after covid.
+ end of WFH and return to office must be invigorating demand.