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Agree that 6% isn’t that impressive - but the flip side is that this was growing with minimal marketing spend. Start up fashion businesses usually have to spend to acquire their customer base. What I like about this company is the age demographic which I think will lead to greater loyalty and significant recurring revenue.
Price now is below the 17p placing price and they have £3.9m to work with. I’m also pleased to hear the tie ups with Next and John Lewis are performing strongly.
Bottom pickers will be looking hard at this I’m sure!
Best of luck!
6% sales growth for a relatively new on line business is just not enough despite all their good financial discipline. ASOS sales up 23% reporting today on a much much bigger established business
I don't hold but do follow, surprised at the fall here on relatively good results after the save on marketing. What's the loss for the year?
Agreed Frac - well positioned for recovery later in the year.
Keeping the operation tight and now working the data base has seen a massive improvement in financial performance .... Investors should see this expand rapidly in 2nd & 3rd quarters
Looks very strong to me
GLAH
if we owned the mine( which was previously an operating gold mine in the past but had problems with the locals because of the use of cyanide but had I thought been granted a license to extract in a different way so may have still been viable) it would therefore still have been an asset with a value that could be sold to another co even a lease could have been sold but I do not remember seeing what was actually done with this. It does not from memory of the balance sheets of SOS appear in the assets. It may well have been worth nothing but it would normally say in the balance sheet notes this was sold ,the lease surrendered or whatever even if it was written off. I just wondered what they did with this
Completely agree with your thoughts here. Next trading statement should provide the boost to get over 20p and stay there. Looking forward to it
GLAH
It became a hole in the ground.
so the question remains ,what did they do with the gold mine?
Unless they're wrong, the relationship is explained in this (positive) article: https://www.standard.co.uk/business/market-minnows-holly-willoughby-favourite-sosandar-is-a-buy-a3904736.html
'It started life as Thread35, a fashion brand set up by the joint chief executives of the company, Julie Lavington and Ali Hall, who used to publish and co-edit women’s magazine Look. It then listed as Sosandar through a reverse takeover of Orogen, a gold-digging company turned cash shell, which bought Thread'
Questioner....
I'm sorry mate but your old gold mining company ain't nothing to do with this clothing retailer. Pure coincidence in the name and ticker symbol.
Please try to go via LSE to find out what happened.
SimmyO
Trading volumes increasing so there’s a good chance this will pick up and get some recognition !!! The team have learnt on the job , taken a few knocks but have some nouse so they deserve the lucky hey are making
Awakens there’s the first penny 2p more to go this week if we’ve called it right
The company Orogen gold acquired thread35 in Oct 2017 and changed its name to Sosandra. At that time ore either owned or leased a gold mine but I cannot see what happened to this. If it was only leased it may have been surrendered but if owned has this been sold. I don't recall seeing anywhere what happened to the gold mine
...."and this company bought sos and changed its name to sos"
Well, not quite.
The previous Co was called oregan symbol ore and this company bought sos and changed its name to sos this was about 3 to 4 years ago and my shares were changed from ore to sos
Recent increase in volume suggested there were stirrings on Friday !!! Next trading statement could surprise if their volumes are similar to others in the space as the management have been much sharper with their investment strategies .....
Come on SOS your time to wake up and join the party this week ,
20p nothing less! “ just to keep the wife happy as it’s her money here not mine and I need to make up for the mulberry disaster “
Hi questioner
Sosander is nothing to do with the old company you are referring to. It was set up as an online clothing retailer by Ali Hall and Julie Lavington who had previously worked in fashion magazines for over 20 years.
Before SOS took over trading as a clothing retailer this company was in the mining sector and had a Gold mine either owned or leased . Does the company still have this or has it been sold or the lease lapsed as I have never seen any mention of this since the company changed its name to Sosander
Joules today cite online trading up 66% ...... One would expect with both next and John Lewis partnerships live they are performing over par
Well this has slumbered along for a while , looking forward to the trading update which should be in the next week and give this a boost.
If it is doing nicely I’d expect it to get bought out before it grows to big to take out but a little boo hoo me thinks in the making
All time high 36% up so let's hope the trend supports SOS results 2
I think this one could be a bit of a sleeping giant. Probably not another BOO but I think it can do some significant numbers. Better quality as well from what I understand.