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Likely to be interesting considering the number of new sos accounts they have recently created !!! With lockdown 3 ongoing they will be looking to market and grow whilst the high street is closed again
Two massive trades to the normal today but was they buys or sells or uncrossing trades? Hopefully find out tomorrow
£20! Ha in my dreams I meant 20p
Looking at the end of September Lows and mid-November lows a drawn line across the graph it looks like we’ve reached that point hopefully the Christmas sales boost we shall bounceback off this back up to the £20 area soon
Yes “The brand everyone’s talking about” management seem to be doing well and as ladies should no what the consumer will buy .
So after having to sell a while back I’m back in for 4,000 shares , a little holding but every little helps in a diversified portfolio.x
The online clothing market looks set to massively benefit from several high street chains recently going bust, this all bodes very well for quality online clothing retailers like Sosander going forward.
Major multi bagger x10 x20 x30 watch this acorn rapidly start to grow.
A heavy investment in marketing resulted in a step change in the number of active customers but at the cost of a cash burn of £7-8m p.a. That campaign finished about 8 months ago and since then cash has remained steady at above $4m. Surprisingly new customer acquisition rates are back near the highs while the cost of acquisition has fallen sharply. H1 19 loss before tax was £2.8m; H1 20 was £1.1m. Repeat orders are up 88% and post H1 trading is very positive.
Revenues are heavily weighted to H2 and break even may not be far away.
I believe today's webinar will be posted on piworld. Well worth watching.
Exceptional progress expect a good bounce over the next week or two.
I see it as a nice unexpected dip on good news. To me it's an Ideal opportunity to top up.
GLA
The fall in growth to 17% in Q3 compared to 52% in H1 has clearly spooked the market particularly given November physical retail lockdown. Also no cash generated in Q3 could be concerning.
Seems like an over reaction to me. The expanded ranges, trading through JL and Next and increased new customer sign ups bodes well for future. Also seems to be getting a lot of positive PR
PI's in Sosander seem very hard to please. An announcement that is full of positives & the SP is down.
But Sosander is approaching "Escape Velocity" & achievement of this should be very positive for the shares.
Great quality items - perfect for working women that care about style. Plus they do a subscription offer for delivery like amazon which is smart. Onwards and upwards - 3-5 years this is going to be big. John Lewis and next sales will be strong.
Sosandar has been mentioned to me by 3 different trusted friends so I thought I would jump in.
It seems we need to keep advertising & engaging with new customers but the feedback from our existing customer base is really good.
Hopefully we can get some more serious long term investors on board.
Good move on SP today. Should be more to come. Sales will have benefitted from the lockdown though probably too recent fro them to comment.
Hi Chapel. Will be interesting to see how much the SP lifts on turnover growth alone next week. You could be right on the 20p+ share price with how the markets are trading at the moment.
Hopefully the update will give an insight into marketing spend, Instagram followers @ 54k still low so i'd imagine the spend in this area will remain high.
GLA
Looks like loss should improve given comments below in trading update plus rapid sales growth with JL and Next now driving sales. Results next week should give indicators on current trading and move SP to 20p+
Revenue of £4.3 million, a 52% increase against the same period in the prior year, with a substantial improvement in EBITDA loss
Year to date returns of 42% vs 49% in same period last year
Maintained a strong gross margin of 52.3% (H1 2019: 53.6%) with the small reduction year on year being driven by actions in the early weeks of lockdown to address the impact of Covid-19
There are some major red flags in the fundamentals that raise big concerns with SOS. Interested to hear others views on this?
Sales 2018 £4.4m / loss (£3.5m) stock holding 25%
Sales 2019 £9.0m / loss (£7.8m) Stock holding 30%
The brand is buying turnover and at a huge loss! Stock holding at 30% to turnover is excessive.
2019 was worse than 2018, sales up £4.6m but loss increased by £4.3m versus 2018?
This year turnover will have increased significantly again according to the RNS's, however if the loss also increases again, then the longevity of the brand is in question.
What has happened to the gold mine owned /leased by this company when it was previously Ore
Latest update was indeed a good one which should act as a floor for these shares and the cash in the bank hasn’t shrunk so no cash calls you’d hope to expand etc anytime soon . Should bode well once this god damn covid clears off!
Time to get back in soon
I concur, seems well managed and driving forward well. TV Ads look good and products are well presented on next and John Lewis websites.
If it weren't for covid I think SoS would be flying.
GLA
Been trying to sell some shares Barclays won't sell for me but i can buy off them
Totally agree, think the way management as acted during this crisis and drove growth is fantastic. Topped up today really feel this has alot of potential.
Again, showing the leadership team continue to guide SOS in the right direction.
Not sure I agree with their comments about these being challenging times (for SOS) though.
IMO this lockdown scenario is great for one sector alone, home shopping.
Looking for a steady climb back to 20 between now and December and then evaluate in the NY how they’ve navigated the Christmas period without office party purchase drivers.
Well I say hold, I sold out the other day at 15.25 for £40 loss but considering I was over £600 down I’ll take that as a win will look to buy back at a later date should this fall back to far, well at least we know who’s buying shares Schroeders.
Next update as I say is critical going forward hopefully there exposure on next is paying dividends