Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
This from the NEXT today:-
Wolfson added that Next had been able to sell more of its pricier, better-quality items as “there appears to be something of a shift back to investment dressing with customers buying somewhat fewer, slightly more expensive items.”
Should be good news for SOS shareholders??
Someone's unloading before the fiscal year end.
Buying opportunity if it goes down another half.
I haf bought at 11.5 and sold at 12.5 and had regrets about selling when it had gone higher.
Thus time I'll hold.
It's been ver quiet on the SOS front.
Don't they release a 3 monthly update soon?
I would like to hear a progress update and if I like it I will buy more.
They will open shop and eventually a bigger fish will make an offer for the larger retail footprint.
No probs Trotsky, I'm as keen as you for one to open.
Apeirogon, I haven't been expecting a store update in the first quarter but the next TU for March FY end is due the week of 7th April. For me it makes sense that they would use that occasion to report on the final quarter and to announce shop opening plans.
I think the CEOs are good at keeping to planned deadlines - they edited magazines so know all about hitting those. They're also very experienced in marketing so I think the shop launches will come with a suitable fanfare.
I had a look again. Google lists it as a clothing shop (open 9:30am to 5:30pm) but it's not open Saturday or Sunday.
I could ignore the Google maps image not showing a shop (because if it had just opened then it would be quite possible that the Google maps image might have pre-dated the shop opening) but I find it hard to believe that a clothes shop wouldn't be open on Saturdays.
Sorry, but I think I might have given you a bum steer (particularly if the head office is located at the same address). Mea culpa
Google maps images shows no store, but does list one with "in-store shopping and delivery".
Makes sense to have a store where the head office is for management to see things first hand.
Is that a store or the head office?
Head Office
40 Water Lane,
Wilmslow,
Cheshire SK9 5AP
I you search Sosandar stores you'll find that they now have a store open on Water Lane, Wilmslow just outside Manchester (it's where a lot of PL footballers live). Not sure when it opened but Wilmslow is a good location for an up-market shop.
Does anybody have any information on SOS’s first physical store ? I was expecting some news in the first quarter
Thank you for the information. I really appreciate it.
I'm a long-term SOS holder, so I'm fairly biased, but I believe that SOS can achieve bigger and better things if given the time; I keep a watching brief on ASOS, BOO, QUIZ, SDRY etc. and SOS was the only one to deliver growth in sales in the December quarter. The pivot that SOS made in Q2 FY24 to reduce its discounting and maximise gross margins was well considered but there were inevitable short-term costs (it had to gear back its previous promotion-led sales growth plans and the additional marketing costs associated with that) and, together with the high street and overseas expansion plans, it needs a bit more time to show that its sales growth (albeit at a lower rate but higher margin) is back on track. I think the post-Xmas Q4 FY24 trading period is going to be tough (it's difficult to ignore the current wider economic situation) but am hopeful that SOS will still be able to deliver on its revised FY24 targets and beyond.
I think the market over reacted to SOS's Q2 FY24 results (which is still reflected in the current share price) and does not yet appreciate the management team's capability to deliver its long-term aims. The team is laser focused and rarely sits on its laurels. The team showed its mettle during COVID and, whilst other UK online retailers have been just "plugging the leaks" for the last 12 months (their strategies haven't really changed; they've just been downsizing), has taken decisive action to shore up the bottom line and move forward.
Hopefully we should start to see the dividends in the next 6-9 months and the share price start to improve. The analysts haven't been keen on the pivot to the high street but the truth is that if analysts ran businesses they'd probably be bust before they even opened their doors! The SOS management team understands fashion and is not prone to making rash, ill-considered decisions. Hang tough.
Caveat emptor as always
Hi Newtrader, first off, take all share bulletin board comments - including mine - with a pinch of salt as very few commentators are truly objective.
However, as objectively as I can be as a fairly large shareholder, I think Sosandar have built a strong brand but they still have to convince that they can successfully convert increasing sales into increasing profits.
I am keeping the faith but one key change this year is the move into physical shops in the Spring. If they go well then there's a fair chance of a positive rerating. Good luck...
Hi all, I'm new to this board.
I was wondering what ur view is on long term share price?
Downhill? better to sell now & cut losses or some positive news on d horizon & worth holding for a bit longer. I only have 2k worth of Sosandar, down 1k atm. Thanks for any advise u may have.
This is a tough market and it doesn't appear to be willing on the face of it to give SOS credit for continuing to increase sales and margins despite the current economic backdrop.
Nor does it seem willing to give SOS credit for changing strategy mid-way through FY24, reducing promotions and focusing on gross margin rather than top line growth at any cost; personally I think the change in strategy will mean the difference between SOS making a seven figure loss and a, albeit small, profit for FY24. In the meantime, SOS continues to pursue new overseas partnerships in Australia and Canada and opening new bricks and mortar outlets in the UK.
I think FY25 will prove to be a pivotal year.
A record quarter with revenue of £14.3m, up 23% year-on-year (Q3 FY23: £11.6m)
Gross margin 58.3% vs 56.8% in the prior year
Like for like gross margin, which excludes the increase of wholesale, was 60.7% vs 57.3% in the prior year
·
Net cash of £7.7m as at 31 December 2023 (£7.3m as at 30 November 2023)
10mil Profit on 100 mil sales is the medium term target. I am confident the leadership team will achieve that and turn this into a £150m mkt cap company in 3-4yrs.
Sosandar Co-CEO’s, Julie Lavington and Ali Hall, and CFO, Steve Dilks present Half Year results and a Trading Update, followed by Q&A.
Watch the video here: https://www.piworld.co.uk/company-videos/sosandar-sos-half-year-results-presentation-december-23/
Or listen to the podcast here: https://piworld.podbean.com/e/sosandar-sos-half-year-results-presentation-december-23/
Promising as you say. Good to hear SOS is second best women's fashion brand on NEXT.
Als the profitability of their competitors with retail chains was reassuring.
Feels like the summer share price mark down was a significant over reaction
A pretty positive presentation I thought. Given the current UK economic backdrop, the growth in sales and GP margins in October & November was good.
I'm also (generally always) impressed with the executive team. They seem to have their heads screwed on straight. They're not going to expand their planned retail estate unless each site meets their stringent criteria. Also, they're not going to just plunge into the US retail market. Instead, they plan to take on board their learning experiences in Australia and Canada first, and carefully select who they are going to partner with in the US when they do eventually launch.
As ASOS has seen, sales growth in the US can be a two-edged sword; simply rolling out your tried and tested UK operational model can be a recipe for disaster. The US is about 40x the area of the UK and the UK's population density is about 8x the US's; it's a totally different logistical challenge. Discounters aside, the US has far fewer national retailers than people might otherwsie expect, and I seriously doubt that SOS would want to consider partnering with the likes of Amazon, Target, Wal-Mart etc. Personally, I wouldn't be surprised to see SOS eventually partner with retailers, such as Kroger and Macy's, who have a strong presence in certain large US markets e.g. California, Florida, Illinois, Texas and the North Eastern seaboard.
I think it's also quite impressive that SOS is already generating c2% of its turnover from overseas without any advertising or promotion.
It all bodes well for the future IMHO.
One position filled today according to Drapers - the leading authority on fashion retailing in the UK since 6 August 1887 - is as follows:
"Sosandar names first creative director.
Womenswear brand Sosandar has appointed former Karen Millen and Coast head of brand Emily Frazer to the role of creative director."
Perhaps up to now the joint-CEOs have covered this so it should be a positive to see a creative manager of proven quality helping set the future direction of SOS.
Tuesday, 12 December, 12:00pm
Julie Lavington & Ali Hall, Joint CEOs and Steve Dilks, CFO will present results for the six-month period to 30 September 2023, followed by Q&A.
Register here: https://bit.ly/SOS_H124_webinar
For what it's worth: https://simplywall.st/stocks/gb/consumer-durables/aim-sos/sosandar-shares/news/declining-stock-and-solid-fundamentals-is-the-market-wrong-a-1020
Personally, I think the management team have their heads screwed on and will do a good job of the store roll-out. Time will tell.
Given that the number of shares outstanding has been rising steadily, I assume that the directors are regularly awarded shares for free. Why would they buy ?
12p and still no sign of director buying..A sure sign this SP is going nowhere in the short and medium term.
If they bought in so soon after the crash in price, they could (rightly) be accused of share price manipulation.
I have dipped my toes in at below 11.5p