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SOS Sosandar Plc

10.25
0.00 (0.00%)
Last Updated: 09:27:24
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Sosandar Plc SOS London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 10.25 09:27:24
Open Price Low Price High Price Close Price Previous Close
10.25 10.25 10.50 10.25
more quote information »
Industry Sector
GENERAL RETAILERS

Sosandar SOS Dividends History

No dividends issued between 16 Jul 2014 and 16 Jul 2024

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Top Posts
Posted at 01/7/2024 12:03 by tomps2
Sosandar (SOS) Full Year results webinar

Tuesday, 16 July, 12:00pm

Sosandar Co-CEOs, Julie Lavington and Ali Hall, and CFO, Steve Dilks, will host an online investor presentation of the group’s results for the year to 31 March 2024, followed by a Q&A session.

To attend, register here: bit.ly/SOS_FY24_results_webinar
Posted at 24/5/2024 09:56 by raleigh43
So quiet with SOS......
Posted at 16/4/2024 21:03 by darrin1471
SOS annual revenue growth was +138% then 44% and now 9%.
SOS have a "medium-term target of £100m+ revenues and a 10% margin"
Today's mkt cap of £30m appears fair value as the high street retail offer is an unknown.
Worth watching the first few shops closely.
Posted at 16/4/2024 15:31 by tomps2
Sosandar (SOS) Full Year 2024 Trading update - April 2024

Sosandar Joint CEO’s Julie Lavington, Ali Hall and CFO Steve Dilks outline FY24 Highlights, followed by Q&A.

Watch the video here:

Or listen to the podcast here:
Posted at 30/3/2024 13:13 by apad
Excellent post, toast.
One qualification. FEVR was under the cosh based on 'consumer discretionary' doldrums but has bounced on news that the threat classification is not so bad.
SOS is possibly similar and it is off the radar with a long time 'till results. It is also a micro-cap!
Lumped unfairly with BOO and Shein perhaps?
apad
Posted at 13/12/2023 10:08 by tomps2
Sosandar (SOS) Half Year results presentation - December 23

Sosandar Co-CEO’s, Julie Lavington and Ali Hall, and CFO, Steve Dilks present Half Year results and a Trading Update, followed by Q&A.

Watch the video here:

Or listen to the podcast here:
Posted at 28/10/2023 14:49 by darrin1471
Online Only has been the winning bet until post lockdowns. The big retailers have taken their time but now offer a omnichannel offering that matches and maybe beats what online only can offer. The omnichannel offering will get even better IMO.
Omnichannel services originally offered to the biggest retailers are filtering down to mid size retailers and will eventually be available to the smallest retailer. Like barcode scanners and EPOS tills have done in the past.
SOS needs to be on the high street to be omnichannel. SOS will hold a lot of data on customers so they should be able to target locations to trial store formats.
This is a major but necessary shift in direction for SOS and some investors will exit and others enter. Its not going to be cheap or easy to start a high street chain. SOS will employ experts and the cost will be spread over only a few stores to begin with. Different clothing lines will sell better off a coat hanger on a high street. The Sosandar's website shows models in glamorous locations. How can this be reproduced on the high street without over investing. It is a difficult challenge.
With existing online customers SOS need the stores to be profitable in year one to make a rapid expansion possible.
Not holding currently.
Posted at 11/7/2023 14:09 by thetrotsky
Although all of these new initiatives are exciting, I think they're unlikley to generate significant extra revenue in 2024.

For example, last year Sainsbury's generated £1bn of clothes sales (mens and women). With just over 600 supermarkets, that equates to approximately £1.7m per store (less when you adjust for online sales). I think SOS would be doing extremely well if it was able to generate (say) £500k of sales from just nine Sainsbury's stores between September and March next year. The real benefit will come if SOS can get its products into all 600 stores for a full 12 months!

Likewise, I'd be very surprised if the overseas initiative was able to generate more than (say) a £1m of sales in 2024. It sounds great in principle but will be reliant on people visiting SOS's website (without any marketing or advertising that we are aware). So, unless there's already a lot of existing pent up demand overseas to buy SOS (e.g. via word of mouth) I think it's going to be difficult for SOS to make much leeway. However, I'm sure the investment won't go to waste in the longer term and it's a relatively cheap way for SOS to enter overseas markets (albeit it would seem difficult to get any traction without any marketing or advertising).

I think this year's targets are realistic (particularly considering the current economic backdrop) and the benefits of a lot of these new initiatives will only really bear fruit in the years to come (if they're successful).
Posted at 03/3/2023 15:50 by someuwin
Reminder of Singer's comment on the Sainsbury's agreement from last month.


Exciting new wholesale agreement with Sainsbury

SOS has agreed a wholesale partnership with Sainsbury’s. As well as launching initially online, it will then become a key fashion partner in stores too. This elevates Sosandar’s strategy from ‘pureplay’ to ‘multi-channel’, which will accelerate brand awareness, market penetration and growth. It may also broaden appeal for potential overseas partners. More good news. Buy.

Event – new 3rd party agreement
Sosandar has entered into a new wholesale agreement with Sainsbury’s. The partnership will start in the next few weeks, initially online-only and then in selected stores later this year as Sainsbury’s increases its collaborations with fashion brands to provide its customers with a broader selection of products. The initial range will include a curated selection of Sosandar's best-sellers & accessories.

Sainsbury’s.
To be one of Sainsbury’s key fashion partners is a significant milestone, and underlines the appeal of Sosandar’s differentiated collections, which continue to be expanded. As reported in SBRY’s recent update, it is gaining share in both Food and Non-Food. Its Tu Clothing brand generates c£1bn sales (c2% market share), and provides the grocer with a strong base to leverage share gains.

Multi-channel.
The wholesale supply arrangement starts in the spr/sum season, initially online-only
like its other 3P partnership arrangements. It will then extend to stores for the aut/wint season, thereby becoming Sosandar’s first multi-channel step. With c60% of the addressable market ‘offline’, and stores having recouped more share post-covid than expected, elevating the strategy from pureplay to multi-channel via a partnership like this will bolster brand awareness, market share and, potentially broaden its appeal and relevance with potential partners internationally.

Potential.
A large proportion of SBRY’s clothing sales are offline, with Tu currently sold in c400 of its larger superstores. As well as being stocked online, Sosandar is to become a key fashion partner in ‘selected stores’ within that part of the estate. Like all 3P partnerships, we believe Sosandar will develop the relationship gradually and, if successful, subsequently scale volumes up across both channels. This clearly represents a significant growth opportunity, particularly if Sosandar were to be rolled out over time to a significant number of those 400 stores with clothing departments.

Financials.
Investment will relate to w/c, namely deeper buys of existing styles (stock), albeit beneficial to ongoing scale/supplier negotiations, and debtors. While wholesale arrangements typically have a lower gross margin (we would expect 30-35%), SOS is utilising its existing resource, so associated costs should be limited to the variable picking/distribution costs (we would expect 5-10% tops).

Impact on earnings & valuation
Given its potential scale and bottom line contribution, this agreement could clearly add materially to future earnings. However, we we make no changes to forecasts yet, pending updates on the online performance in spr/sum (fiscal Q4 to Mar’23 and fiscal Q1 to Jun’23) and further details in relation to the number of stores the brand will be rolled out to for the aut/wint season. The positive implications for future earnings and brand expansion, should support rating expansion. We re-iterate our existing 45p target price and will look to review this at the prelims in May/June. Buy.
Posted at 23/1/2023 08:19 by someuwin
Singer...

Exciting new wholesale agreement with Sainsbury

SOS has agreed a wholesale partnership with Sainsbury’s. As well as launching initially online, it will then become a key fashion partner in stores too. This elevates Sosandar’s strategy from ‘pureplay̵7; to ‘multi-channel’, which will accelerate brand awareness, market penetration and growth. It may also broaden appeal for potential overseas partners. More good news. Buy.

Event – new 3rd party agreement
Sosandar has entered into a new wholesale agreement with Sainsbury’s. The partnership will start in the next few weeks, initially online-only and then in selected stores later this year as Sainsbury’s increases its collaborations with fashion brands to provide its customers with a broader selection of products. The initial range will include a curated selection of Sosandar's best-sellers & accessories.

Sainsbury’s. To be one of Sainsbury’s key fashion partners is a significant milestone, and underlines the appeal of Sosandar’s differentiated collections, which continue to be expanded. As reported in SBRY’s recent update, it is gaining share in both Food and Non-Food. Its Tu Clothing brand generates c£1bn sales (c2% market share), and provides the grocer with a strong base to leverage share gains.

Multi-channel. The wholesale supply arrangement starts in the spr/sum season, initially online-only like its other 3P partnership arrangements. It will then extend to stores for the aut/wint season, thereby becoming Sosandar’s first multi-channel step. With c60% of the addressable market ‘offline’;, and stores having recouped more share post-covid than expected, elevating the strategy from pureplay to multi-channel via a partnership like this will bolster brand awareness, market share and, potentially broaden its appeal and relevance with potential partners internationally.

Potential. A large proportion of SBRY’s clothing sales are offline, with Tu currently sold in c400 of its larger superstores. As well as being stocked online, Sosandar is to become a key fashion partner in ‘selected stores’ within that part of the estate. Like all 3P partnerships, we believe Sosandar will develop the relationship gradually and, if successful, subsequently scale volumes up across both channels. This clearly represents a significant growth opportunity, particularly if Sosandar were to be rolled out over time to a significant number of those 400 stores with clothing departments.

Financials. Investment will relate to w/c, namely deeper buys of existing styles (stock), albeit beneficial to ongoing scale/supplier negotiations, and debtors. While wholesale arrangements typically have a lower gross margin (we would expect 30-35%), SOS is utilising its existing resource, so associated costs should be limited to the variable picking/distribution costs (we would expect 5-10% tops).

Impact on earnings & valuation
Given its potential scale and bottom line contribution, this agreement could clearly add materially to future earnings. However, we we make no changes to forecasts yet, pending updates on the online performance in spr/sum (fiscal Q4 to Mar’23 and fiscal Q1 to Jun’23) and further details in relation to the number of stores the brand will be rolled out to for the aut/wint season. The positive implications for future earnings and brand expansion, should support rating expansion. We re-iterate our existing 45p target price and will look to review this at the prelims in May/June. Buy.

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