Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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AO has mkt cap of E300m and c1.1bn of sales
Ceconomy has E21bn of sales and mkt cap of 1bn-the online and offline leader or #2 in Germany and seven other countries in Europe. It profit warned yesterday but still aims to generate cE180m of operating profit (ebit) this year
And you think AO is cheap? Hahaha
Some profit taking before the weekend but IMO it will start to rise next week as it is very cheap now
Mike Ashley making his move?
The thing I have noticed with AO is that they cannot seem to keep things from leaking. Example the initial drop, then an RNS ,Then further drops and then another RNS stating everything is fine and cashflow is good then still more drops! And then the Share offering at 43p. It seemed the market knew before news happened. So on the other side of the coin I am guessing with it being up 11% with no news something has been leaked again!
It could quite possibly be what you say.
In any case, it looks like I misjudged a little and should have topped up more back in the 42s. I'll still wait a while and perhaps add on any pullbacks, though I do feel positive from these levels.
It maybe something to do with the results? or maybe the upcoming AGM on Tuesday 26th
I wondered that - it's on my watchlist and I was going to add a few later today or certainly within the next few sessions. Something tells me it will go up further and then retrace either much of it today or tomorrow morning if nothing's announced. I'll hold off a little while longer.
Have I missed something? Some news? Up 6% (Not that I am complaining) :D
Ah yes, thank you.
its the result of dilution from the raise
Seems he reduced his holding materially (from 22.8% to 18.6%) 4 days ago, per a notification released today.
Surprised... why's he selling at such a low price, I wonder?
Reply from IR:
hank you for contacting AO World. We have had good media pick up on this story which is pleasing as it creates a quality and sustainable business line.
RNS is the regulatory news service for the London Stock Exchange, and it is therefore focused on information we are obliged to release under the guidance of the FCA and the Companies Act. We are also in close period at present so I am unable to release any news that might affect the share price.
I take you concerns, and we will endeavour to publicise these stories more widely.
Some quick good news would be great from the company, it`s gone quite the last couple days... worrryyyyying
Why dont the company RNS this positive news?
Public sector buying organisation ESPO has announced a new partnership with AO Business, online providers of white goods, electricals and tech products.
The news is likely to be welcomed by AO investors following a week which saw the Bolton company's shares rocked in the wake of a credit insurance cut.
The deal means that ESPO will be able to offer white goods, appliances, small domestic appliances and televisions to schools and public sector customers direct from AO Business.
AO will provide a core range of products including fridge-freezers, washing machines, and ovens to the public sector through ESPO’s white goods framework. AO can offer a unique proposition of next day delivery, installation, and recycling to all ESPO customers. Easy access to these products is available on either on ESPO’s website, or by calling AO’s dedicated ESPO team for larger and more complex requirements.
ESPO customers can also now safely dispose of electrical waste through AO’s fully traceable WEEE recycling facility in Telford.
The partnership also sees AO listed as an exclusive supplier of air purifiers to the education sector, ensuring that many schools can remain safely open whatever the Covid pandemic may yet bring, and reducing the need to leave windows open.
Anthony Sant, MD of AO Business, said: “We’re thrilled to become an approved supplier of ESPO and we hope to deliver market-leading appliance supply and installation to its members.”
I suspect odey bought more than they were planning to lock him out.
...sold a few shares today.
They're clearly not averse to a bit of trading - adding and subtracting every few days it seems!
There was only speculation that he wanted to buy in but nothing has actually been confirmed. I have not seen any form of RNS to back this up. I think he was too late to the party as this share placing sold out in a matter of hours! With some big backers! Which to me only shows a positive!
Mike's got a great record buying strategic stakes in struggling businesses right? These four went bust fairly promptly after he bought in
Studio - went bust
House of F - went bust
Debenhams - went bust
Evans Cycles - went bust
any other examples?
he does it to get a seat at the table I suspect-knowing that a restructuring is coming
he is a great buyer of brands he can tuck into his current retail footprint but doesn't seem to be successful elsewhere
It’s too quiet something is a foot !
The trouble is we all know that if MA doesn't buy a chunk the SP will drop like a stone to 40p or below.
That would be interesting. I was in a share last week which was up over 180% on the grounds that Frasers group bought up 28% of the shares. It has dropped again now but overall it is still up 100% as of today.
When news hit of share holdings I wouldn’t be surprised to see a 40/50% jump ?
If Frasers announce a holding then you could be looking at a Mysale jump anything up to 100% jump , 80p is still stinking cheap.
Agreed look very cheap
Refinancing done, 40m more on the balance sheet. Time for this to start to recover.
Bottom line is plenty of publicity coming this way. I suspect a very good week is coming.