Sosandar Share Discussion Threads

[jamesto2] 21/5/2020 19:00

is paul still in this mess.

[jackson83] 21/5/2020 18:57

more funding soon as I see sos have 60% plus returns now & far lower sales ??? maybe see 4p's again as dilution will be a worry

[hotaimstocks] 15/5/2020 21:27

SOS is not on its list .. I can confirm boohoo are only looking to buy bombed out fashion casualty firms in USA & Europe.

[che7win] 14/5/2020 20:20

Boohoo raising £200m to "take advantage of numerous opportunities that are likely to emerge in the global fashion industry over the coming months"

[hatfullofsky] 14/5/2020 10:32

Started building a position here, in at 8.8 / 8.4 / 8.2. I feel their target demographic will be some of the first ones to start buying again. A raise just before COVID also helps

[eentweedrie] 27/4/2020 17:20

Boohoo would rather buy your soiled undies than this utter dog

[telbap] 24/4/2020 16:51

@jamesBoohoo have 240m cash. (Last accounts update) Boohoo would possibly be a fit to buy this, Harva, I would say they will wait till it's distressed as that appears to be they way Kamani operates.

[swanvesta] 22/4/2020 09:27

Yes PJ0077, and yet Boohoo's share price is up 6% today, in touch with pre-crisis levels. I'm out of SOS (only had a toe in the water anyway) but I think it's too early to be calling them 'bust' solely on the basis of discounts which everyone is doing. I think you'd have more of a case if you drew attention to the high inventory level in Q3, and what seems to me (extrapolating guidance in recent TU) a further build to around £5m. This seems pretty extraordinary for just £9m turnover?

[pj0077] 22/4/2020 07:07

Yep swanvesta, BooHoo have seen a marked slowdown in growth, doesn't bode well for their peers: "Since the middle of March, trading has been mixed, as a result of the impact of the COVID-19 pandemic, initially with a marked decrease in year-on-year growth".

[glavey] 22/4/2020 01:12

240m in cash, maybe they can buy ASOS instead.

[ny boy] 21/4/2020 23:46

Asos could pick this up for pennies if they decide they it’s worth it or not

[jamesto2] 21/4/2020 07:48

240m in cash ? hmmmmm something does not add up telbag lol

[telbap] 20/4/2020 23:58

Doubt it swan.....240m cash as at dec 31 they will have furloughed whoever they needed to, cut out the costs they needed to and worse come to worse they will get Rishi hand out.

[jackson83] 20/4/2020 22:50

looks like this will now head back down to 5p again.

[swanvesta] 19/4/2020 22:53

Boohoo too? (obs) Https://www.boohoo.com/womens/sale/60-70-percent-off

[pj0077] 19/4/2020 22:24

This evening I received a third promotional email from Sosandar in the last three days. Things are getting desparate. "Up To 70% Off! Sale Steals From £10.50!". Any business with 50% margins will be losing money by selling stock at a 70% discount. The company has clearly run out of cash. And it's wrecked its long term franchise as repeat customers from here will now delay purchases until the Sale periods. Looks like the game is up, this company is bust. DYOR.

[glavey] 19/4/2020 16:05

Fair enough, so we can 'obs' very quickly expect another RNS from Cannacord advising they have divested themselves of their 5% holding.

[telbap] 18/4/2020 23:05

@Glavey......for me it's obs. The share price will wander it's way back to 15p and plenty will cash out.Not sure SOS will make it for the long term, I seriously hope they do, as I do not enjoy seeing companies fail.The next 6 months will be a crucial time in this industry as we move towards the winter season.

[glavey] 18/4/2020 06:00

Nothing is 'obs'.

[telbap] 17/4/2020 10:06

Cannacord in for 5% they are obs seeing a very quick short term gain here.

[jamesto2] 14/4/2020 21:20

probably be in administration before September ... plenty going bust now.

[jamesto2] 11/4/2020 18:57

looks like sos will be on total lockdown soon as sales are down over 50% now.