Ao World Share Discussion Threads

[tim 3] 04/7/2022 23:35

The bit about warranties being cancelled has to be a major worry.Without them I doubt they would have a business.

[glavey] 04/7/2022 18:23

"Never believe anything until it has been officially denied."

[truant2tb1] 04/7/2022 15:40

How on earth is this company still valued at £270mil?Beggars belief

[babbler] 04/7/2022 14:02

rns out. Said nothing wrong.

[blackhorse23] 04/7/2022 12:43

AO failing will be beneficial for CURY , AO backing off from market eg Germany but CURY is strategically growing in market, sales growth is good, revenue is good but AO is declining in all sectors

[hpcg] 04/7/2022 11:34

I can't see how AO can get a placing away with what is coming in the UK. FY 2021 their EPS was 3.7p so today's share price actually factors in a growth company rating, for the year with the best ever conditions for this company, yet it is facing a liquidity crisis sufficient enough that trade insurers won't bear the risk? This could go down in days, and in any case will be entirely dependent on its suppliers holding their nose and covering their eyes and ears if it struggles on longer. I am astonished to be able to open short positions.

[greatwhitefunkmaster] 04/7/2022 10:54

Add to that, cancellations of product insurance taken out will see AO lose out.

[rolo7] 04/7/2022 10:53

Argos probably will be long term winner with sbry backing?

[buy2sell1] 04/7/2022 10:16

With household budgets getting squeezed from all directions and money getting tighter for everyone, I definitely wouldn't be buying Currys or anything reliant on discretionary spending. The recession is in its early days and there is further trouble ahead.

[blackhorse23] 04/7/2022 09:24

Compared to CURY & AO , CURY is better stock in terms of revenue, dividends, mcap & management

[blackhorse23] 04/7/2022 09:01

Looks like placing coming

[blackhorse23] 04/7/2022 09:00

Sold my last stocks & bought some MCB ,

[blackhorse23] 04/7/2022 08:22

Glad to move CURY last week

[factsandfigures] 04/7/2022 07:35

AO World PLC faces a serious cash crisis after its credit insurer ATRADIUS, cut cover for suppliers, following a deterioration in AO's finances. Credit insurance is a vital part of the retail supply chain, protecting suppliers against the risk of retailers going bust, between the point of manufacturers accepting orders and AO paying its bills. When trade insurance cover in not available, suppliers usually demand payment up front, killing AO's cash flow. Hidden away in AO's last financial Report & Accounts, AO publicly stated it was "heavily reliant" on its suppliers and its insurers to bridge the cashflow gaps.

[truant2tb1] 04/7/2022 00:15

To all holders. Pls do not sell your shares at open. Thank you

[truant2tb1] 04/7/2022 00:13

Will be opening my short at 8am tomo. Hello to all holders

[blackhorse23] 03/7/2022 23:40

I have sold AO last week when they announced close down German sites & moved my investment to CURY , revenue over 10 billion, cash & profit generating company

[dissentingvoices] 03/7/2022 19:28

It certainly reads like serious trouble for AO World PLC to me

[jaknife] 03/7/2022 19:28

FeelThePain, It's definitely a deterioration in AO's finances rather than a deterioration in Atradius' finances. Here's the Times, which is the original source that Sharecast are quoting: https://www.thetimes.co.uk/article/cashflow-fears-at-ao-world-as-cover-for-suppliers-is-cut-hh68gnqlh Cashflow fears at AO World as cover for suppliers is cut "Online retailer AO is facing a cash crunch after a leading credit insurer cut cover for suppliers following a deterioration in the company’s finances. Market sources say Atradius has slashed cover for suppliers to AO, which sells everything from washing machines to TVs and fridge-freezers." JakNife

[feelthepain] 03/7/2022 19:19

Online retailer AO World was left facing a cash crunch after a leading credit insurer, Atradius, cut cover for suppliers after its own finances deteriorated. https://www.sharecast.com/amp/news/press-round-up-short-premium/sunday-newspaper-round-up-rolls-royce-crude-oil-ao-world--10109535.html

[feelthepain] 03/7/2022 19:17

The way I read it is not a deterioration in AOs finances but deterioration in the company supplying the credit.

[factsandfigures] 03/7/2022 18:46

AO World PLC faces a serious cash crisis after its credit insurer ATRADIUS, cut cover for suppliers, following a deterioration in AO's finances. Credit insurance is a vital part of the retail supply chain, protecting suppliers against the risk of retailers going bust, between the point of manufacturers accepting orders and AO paying its bills. When trade insurance cover in not available, suppliers usually demand payment up front, killing AO's cash flow. Hidden away in AO's last financial Report & Accounts, AO publicly stated it was "heavily reliant" on its suppliers and its insurers to bridge the cashflow gaps.

[tim 3] 29/6/2022 15:52

From £4 to 69p in less than 2 years a lesson in the risks of buying stocks unsupported by fundamentals.

[blackhorse23] 29/6/2022 12:00

Bought MCB , excellent growth forecast and value buy

[tim 3] 14/6/2022 08:52

And how much cash did they pump into the German operation telling us it would be profitable in time .