Ao World Share Discussion Threads

[opodio] 09/3/2015 20:03

Good time for director to get divorced and dump his entire holding before a full blown profit warning

[g2theary] 09/3/2015 07:49

Directors won't dump! Baron Capital topping up again over 8% that explains the rally up last week. See if they continue.

[onjohn] 09/3/2015 07:09

Lockins just expired and directors free to dump

[g2theary] 06/3/2015 14:00

I think 220-240 range then I'll reduce.

[pyemckay] 06/3/2015 13:46

I fancy a run up in price but I am looking to enter short above 200p

[battlebus2] 06/3/2015 12:46

I've had a great run buying at 260 and selling out at 316 only to buy back at 180 after the trading update, £2 and i'm out again :))

[g2theary] 06/3/2015 12:36

I've just topped up 1707, 1192 and 1988 shares so hold 11,187 at just under 200p adv. I'm fairly confident at these levels.

[liam1om] 05/3/2015 10:58

I used AO. over Christmas to purchase a TV. Excellent service.

They delivered it next day and was the best price, beating Amazon for example.

I also received a call the next day asking the service and trying to sell insurance. But to be honest, I declined and they didn't push it. Overall it was a very good experience.

[tim 3] 05/3/2015 10:02

jeffan

Agree that's pretty bad certainly not being upfront and honest about the nature of the call.

May even be illegal.

[battlebus2] 05/3/2015 09:27

Moving well now:))

[jeffian] 05/3/2015 09:24

tim, I know that all electrical retailers try to sell their own extended warranties, but it is the "script" used by AO that sets them apart from the rest IMO. The supposed 'purpose' of the follow-up call is to check that the delivery went well, that you are happy with your choice (they always compliment you on your brilliant choice!) and general chatter until they mention your credit card almost in passing. It's only because I thought 'Hang on, what's my credit card got to do with it?' that I realised what was going on. They need to take a careful look at their practices IMO.

[tim 3] 05/3/2015 08:55

jeffan

Have also heard from someone in the trade that this is the case with AO.

There are also other companys cold calling and miss selling warrentys on appliances,my dad got stung for it recently.

And Dixons practices in this area are still questionable.

The whole industry is due a clean up.

[lennonsalive] 05/3/2015 00:07

misselling, oh dear...

[jeffian] 04/3/2015 22:42

I've only just come across this thread and was interested to see Simon Cawkwell's opening post about insurance commission as I've had experience of this (sorry if it's been covered already in this thread; haven't had time to go through all posts). I've used AO twice and the same thing happened both times, so I assume it is their 'standard practice'. The purchase process and delivery all goes through smoothly, then a charming Northern lad phones up to ask if it's all gone OK and chats for a bit. Some way into the 'chat', he will drop into the conversation that, whatever happens, AO will cover everything regardless of manufacturer's warranty. "Really?", you ask, "Not the manufacturer?". "No, we deal with it all". More chat then "So I'll put that on the same card you bought it with shall I?". Unless your antennae are attuned - and mine took a while to kick in - you'll commit to a monthly insurance premium to AO for a product which is already covered by a manufacturer's guarantee. I backtracked on the first conversation and I was forewarned for the second purchase and was able to stop him in his tracks before he got into his pitch, but I bet there's thousands of purchasers out there who have unwittingly allowed themselves to be talked into expensive insurance which they didn't want and probably didn't need. The next "mis-selling" scandal?

[tim 3] 04/3/2015 20:52

To be honest anyone who buys /sells based on a bb will likely end up losing money.

My opinions are just that opinions and I could have it totally wrong,wouldn't be the first time!

My reasons for thinking there are further falls to come are based on the following

They operate on incredibly low margins in a very crowded market place with plenty of profits coming from warrentys which is risky for reasons well documented.

Where is future growth coming from?

Just because you have done well here does not mean you will do well in other country's as many have found Dixons,tesco for example. Expanding overseas can be fraught with problems.

Even down here they are on a pretty high valuation with very little room to disappoint.

Confidence in the company will be knocked by the recent warning and it sounds like excuses to me particularly the black Friday bit ,you could not get on Dixons web site around that time it was so busy and there promotional activity continued for several days after.

I have no position but do follow the sector.

Good luck all.

[g2theary] 04/3/2015 09:55

Baron Capital are increasing their holdings. I think it will trade back up to 220-250 fairly quickly.

[battlebus2] 03/3/2015 22:00

35p a quid even the cat predicted a tenner, if your looking at this share dont be swayed by what you read lol....

[tim 3] 03/3/2015 21:31

High probability of under a quid this year IMO.

Very little supporting the current valuation.

[lilwormsergoode] 03/3/2015 20:17

35p best that can be expected target given lack of PBT

[tim 3] 27/2/2015 22:12

Exactly my thought isis.

What is their USP? Why would people buy there rather than any other retailer?

Internet buyers are pretty fickle and are basically buying on price.

There are plenty more retailers out there with much more buying power than AO.

This is no Amazon you don't have to dig very deep to see that.

The reliance they have on warrentys to generate what little profit they do make is pretty risky too.

Not saying they have no value but there is plenty more downside potential here particularly if markets get ugly and you know what they say about profit warnings....

[g2theary] 27/2/2015 14:19

Len who are you J P Morgan?? Because they are the only people who can close their short at the intra day low! ?I bet you opened one at 412p closed that at 150p then went long till 330p and closed out at 150p as you say! As if!

[isis] 27/2/2015 12:55

Can't see what they do here that isn't already done with other online Retailers.

[g2theary] 27/2/2015 12:49

They are expanding in to Germany the powerhouse of Europe. IMO if all goes well there they will be a bigger buyer with much much more discount opportunities. All should be fine here in the long term!

[nick9013] 27/2/2015 09:48

Dogged out here

[lennonsalive] 27/2/2015 07:42

I hardly think it will go bust in the next few months, but there are question marks on AO and how will make it's monies.