Ao World Share Discussion Threads

[quepassa] 07/7/2023 09:41

Great article in today's FT in The Lex Column (page 26) about Curry's.

Not very flattering.

Speaks to the major trend of consumers increasingly buying appliances on-line rather than in-store.

Curry's. PC World. Dixons. Carphone Warehouse.

A telling history of consolidation and demise of once-great high-street retailing names.

Can see what's coming next and I don't think it's AO which is going to get taken over with their winning online only strategy.


Frasers Group - Clever. Very clever.


ALL IMO. DYOR.
QP

[argylerich] 06/7/2023 13:06

Blackhorse23 - 05 Jul 2023 - 12:36:33 - 1125 of 1128 AO World - insurance sales on the side and at the centre - AO.
CURY results & dividend announcement tomorrow , expecting better dividend than last year

Really shouldn't laugh, but.....

[fru1tcake] 06/7/2023 12:06

Currys tumbled 13.3pc to its lowest level in more than 20 years after the electricals retailer reported a 38pc slump in full-year profit.

Ouch, glad im in AO and not cury, its finished.

[bezinio] 06/7/2023 08:38

What happened to your prediction Blackhorse?

[blackhorse23] 05/7/2023 12:36

CURY results & dividend announcement tomorrow , expecting better dividend than last year

[trader465] 05/7/2023 07:26

Statutory profit before tax of GBP7.6m (2022 : loss of GBP10.5m)

A turn to profitability, but a 17% decline in revenue suggests it may be short lived.

EPS at 1.13p gives a target of 113p for a P/E of 10

What will the market make of it?

[blackhorse23] 28/6/2023 09:55

Mike Ashley into AO & CURY

[jimduggen] 23/6/2023 11:12

This will go back to 65.
Interest rates and costs of goods will slow growth here

[quepassa] 22/6/2023 11:17

well said.

for sure the uk's no.1 retail guru supremo.

and in the business of building businesses up - not ransacking them and then running them down to zero.

[tim 3] 22/6/2023 10:52

Like him or hate him he knows modern retail and how to make it work.

[quepassa] 22/6/2023 10:40

a great consolidator.

think about everything bought to build up sportsdirect.

who knows.

[tim 3] 22/6/2023 09:53

Surely he can't bid for both as it wouldn't pass the regulators would it?

[quepassa] 21/6/2023 12:34

As I mentioned......WATCH THIS SPACE.


1. On 19th June, Frasers Group issued an RNS that they had acquired voting rights of 4.32% in Curry's

2. Later that same day, Frasers issued a further after-hours RNS that they have significantly INCREASED their voting rights in Curry's to a significant 8.92%


See RNS's for full details.

Controlled Undertaking:- Frasers Group PLC
Ultimate Controlling Person: Michael Ashley.



First AO.World.....


.... now Curry's.



hmmm...




ALL IMO. DYOR.
QP

[quepassa] 16/6/2023 08:42

Stake-building.

Second rapid purchase by Frasers in a week taking them from just under 19% to a massive 21.33% ownership stake of AO.

What next?

Watch this space.


ALL IMO. DYOR.
QP

[quepassa] 14/6/2023 11:17

Absolutely.

With delivery costs soaring, a behemoth like Frasers/SportsDirect must be actively considering all options to facilitate keeping delivery costs down on their soaring online sales.


One recalls recent events between Ocado and M&S:-

hXXps://www.retailgazette.co.uk/blog/2022/04/ms-set-to-pay-ocado-almost-200m-as-joint-venture-delivers/


Also read this yesterday article in Retail Gazette enticingly headed: "What does Frasers want with AO":-

hXXps://www.retailgazette.co.uk/blog/2023/06/frasers-ao/



ALL IMO. DYOR.
QP

[feelthepain] 14/6/2023 10:52

Agree quepassa. Being a shareholder does not in itself act as a gateway to logistics and generally 2 years discussions aren't had between shareholders and the board. But looking at the bright side there are benefits here and the markets has so far received this well.

[quepassa] 13/6/2023 07:05

Maybe that's it.

Logistics and delivery.

The Ft comments today , page 14 :-

" Shore Capital said it believed Frasers' intention was simply to be a shareholder with the deal "offering a gateway to partner on the fulfillment of two-man deliveries" ".

Not sure about Frasers being just a shareholder but the logistics side of the equation makes absolute sense.

Just look at this. A nice fit for Frasers....

AO's logistics subsidiary,


hXXps://www.expertlogistics.co.uk/how-we-do-it/


all imo.dyor.
qp

[feelthepain] 12/6/2023 13:53

In my view shorters deserve everything they get.

[blackhorse23] 12/6/2023 13:17

I believe CURY better value & company than AO

[blackhorse23] 12/6/2023 13:16

OAM reduced holdings ?

[quepassa] 12/6/2023 13:16

Ennismore Fund Management 1.39% short as at 8/6.

Ouch.

[feelthepain] 12/6/2023 11:44

Agreed Fraser's is large and could bring real benefits to AO The question for me is would I do business with Mike Ashley. The definite answer for me personally is no I would not.

[quepassa] 12/6/2023 11:15

Odey AM today confirm that they still own a voting stake in AO. of 5.92%


Interesting to note that the combined stakes of Frasers and Odey equate to just shy of 25% (24.882735% to be precise) of the voting rights of AO.


That's a figure to conjure with.

Of course, one can but wonder to oneself whether Frasers may or may not be interested at some point to purchase the remaining Odey stake in AO.


ALL IMO. DYOR.
QP

[quepassa] 12/6/2023 09:06

Frasers stake confirmed at 18.962735%

[quepassa] 12/6/2023 08:11

Frasers is a real Powerhouse of a Strategic Partner for AO.

Link to Frasers Group website.

Frasers' size, scope and market dominance is not to be underestimated:-

hXXps://frasers.group/about






ALL IMO. DYOR.
QP