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Pin to quick picksAo World Share News (AO.)

Share Price Information for Ao World (AO.)

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Share Price: 109.20
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Change: 0.00 (0.00%)
Spread: 0.60 (0.555%)
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Prev. Close: 109.20
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ShoreCap downgrades AO World to 'sell'

Wed, 26th Jul 2023 15:22

(Sharecast News) - Shore Capital downgraded its stance on online electricals retailer AO World on Wednesday to 'sell' from 'hold'.

The broker said recent strength in the share price does not reflect a deteriorating trading backdrop evidenced by upstream read-across after what it believes was already a weak first quarter.

"In a scenario where H1 is down circa 10%, H2 would require a robust return to growth against raised energy efficient appliance demand and the World Cup baked into Q3 comps," it said.

ShoreCap kept its fair value on the shares at 80p and said it's not downgrading its estimates today but views a 25x price-to-earnings and free cash flow yield of around 4% for FY24 as "demanding". The broker added that it sees better value elsewhere.

More News
20 Sep 2023 15:50

UK shareholder meetings calendar - next 7 days

Thursday 21 September 
Artemis Alpha Trust PLCAGM
Ascent Resources PLCGM re audited annual accounts
Gore Street Energy Storage Fund PLCAGM
Intercede Group PLCAGM
Kainos Group PLCAGM
Kore Potash PLCGM re capital raise
Liontrust Asset Management PLCAGM
Mercia Asset Management PLCAGM
Molecular Energies PLCAGM
Oberon Investments Group PLCAGM
Pelatro PLCGM re AIM cancellation
Sosandar PLCAGM
Thruvision Group PLCAGM
Trakm8 Holdings PLCAGM
Van Elle Holdings PLCAGM
Friday 22 September 
Argos Resources LtdGM re members voluntary liquidation
B&M European Value Retail SAGM re appointing Lasry as director
Faron Pharmaceuticals LtdEGM re election of new board members
Stranger Holdings PLCAGM
SysGroup PLCAGM
TI Fluid Systems PLCGM re waiver resolution
Odyssean Investment Trust PLCAGM
Monday 25 September 
Amte Power PLCGM re share issue to raise GBP2m
Ondo InsurTech PLCAGM
ThomasLloyd Energy Impact Trust PLCGM re appointment of new directors
Tuesday 26 September 
BSF Enterprise PLCGM re placing, subscription and broker warrants
Cohort PLCAGM
Ediston Property Investment Co PLCGM re disposal of the property portfolio
Fulcrum Utility Services LtdGM re AIM cancellation
James Cropper PLCAGM
Knights Group Holdings PLCAGM
Miton UK MicroCap Trust PLCAGM
Mycelx Technologies CorpAGM
Orient Telecoms PLCAGM
Redde Northgate PLCAGM
Saietta Group PLCAGM
Scholium Group PLCAGM
SulNOx Group PLCAGM
Supreme PLCAGM
Tern PLCGM re management changes
Wednesday 27 September 
4Global PLCAGM
abrdn New India Investment Trust PLCAGM
Amigo Holdings PLCAGM
AO World PLCAGM
Baltic Classifieds Group PLCAGM
Coral Products PLCAGM
EDX Medical Group PLCAGM
Empyrean Energy PLCAGM
First Property Group PLCAGM
Pharma C Investments PLCGM re executive changes
Riverstone Energy LtdEGM re tender offer
Samarkand Group PLCAGM
System1 Group PLCAGM
Schroder Real Estate Investment Trust LtdAGM
Voyager Life PLCAGM
  
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31 Aug 2023 07:11

Mike Ashley's Frasers raises stake in Boohoo to 9.1%

LONDON, Aug 31 (Reuters) - British sportswear group Frasers raised its stake in online fashion seller Boohoo to 9.1% from 7.8%, a regulatory filing showed on Thursday.

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27 Jul 2023 10:50

Director dealings: EasyJet non-exec invests, AO World CFO sells incentive shares

(Sharecast News) - EasyJet was on the list of director buys on Thursday, after it disclosed a purchase made by a non-executive director for more than 5,000 shares.

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27 Jul 2023 09:38

LONDON BROKER RATINGS: Shore Capital cuts AO World to 'sell'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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27 Jul 2023 08:34

UK's Frasers Group sees more profit growth this year

Sees FY profit between 500-550 mln stg

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27 Jul 2023 07:53

LONDON BRIEFING: Stocks to rise; Frasers, Centrica post strong results

(Alliance News) - Stocks are called higher in London on Thursday, as investors anticipate the end to the Federal Reserve's monetary tightening cycle.

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26 Jul 2023 07:56

Broker tips: Tyman, AO World

(Sharecast News) - Berenberg upgraded Tyman on Wednesday to 'buy' from 'hold' and hiked the price target to 360p from 250p after the company's first-half results a day earlier.

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6 Jul 2023 09:01

Britain's Currys exploring collaboration with Mike Ashley's Frasers

LONDON, July 6 (Reuters) - British electricals retailer Currys is exploring "a number of avenues" for collaboration with Mike Ashley's Frasers after the sportswear and fashion group amassed a 10.4% stake, Currys' boss said on Thursday.

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5 Jul 2023 10:28

UK electricals retailer AO World looks to plug into Frasers

Mike Ashley's Frasers has bought 22.2% AO stake

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5 Jul 2023 10:18

AO World loses revenue but swings to profit as pivoting plans pay off

(Alliance News) - AO World PLC on Wednesday said it swung to an annual profit in the recent financial year despite a minor drop in revenue, attributing the improved performance to a "rigorous" programme to improve cash and profit generation.

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5 Jul 2023 09:34

LONDON BROKER RATINGS: UBS likes Pearson; Liberum cuts Naked Wine

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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5 Jul 2023 07:33

AO World reports jump in full-year earnings

(Sharecast News) - Electricals retailer AO World reported a robust performance in its full-year results on Wednesday, as it made progress in its strategy to pivot the business towards profit and cash generation.

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5 Jul 2023 07:10

UK's AO World profit rises on reduced costs, better margins

LONDON, July 5 (Reuters) - AO World, the British online electricals retailer that last month forged a strategic alliance with Mike Ashley's Frasers, said profit recovered in its 2022-23 year as it benefited from a plan to reduce costs and improve margins.

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4 Jul 2023 15:34

Wednesday preview: UK, euro area services and Fed minutes in focus

(Sharecast News) - Financial markets' focus in the middle of the week would be on services sector activity on either side of the Channel.

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