new stores opening for xmas / new years sales soon ...
time to top up folks or miss the rise back to 30p |
wait for 5p folks |
shorting as the cash runs low |
shorting as the cash runs low |
the management don't see value at 8p's ? as they are not buying
ZERO BUYS FROM THEM |
wait for 7p top up folks
bottom draw for another 12 months now |
Sosandar (SOS) Half Year results presentation - November 2024
Sosandar Co-CEOs, Julie Lavington and Ali Hall, and CFO, Steve Dilks, present the company’s results for the six months ended 30 September 2024, followed by Q&A.
Watch the video here:
Or listen to the podcast here: |
get ready for more action lol |
I missed the presentation today.
Was Sainsbury's mentioned? |
AIM-listed ladieswear purveyor Sosandar (SOS) served up its half year results to September this morning. As previously indicated, revenue fell quite heftily to £16.2 million as a result of reduced promotions and the loss was reduced to £0.7 million. The company promises a profit of £1 million at the full-year on the basis of in-line post-period performance, but that “in-line” is with reference to market expectations, which were heavily reduced (again…) only last month. As such, I’d suggest the promise of jam tomorrow should be taken with a pinch of salt especially in the current UK economic environment... |
poor results
i am now shorting |
thanks ashkv |
 My takeaways from 26 Nov 24 investor call ->
- Sosandar has capacity to open 10 new stores in 2025 / however, this is conditional on appropriate locations - as management will not compromise on location.
- Revenue run rate has started increasing from September 2024 and is now equal to 2023 levels even with the low discounting / higher margins per item sold.
-- Footfall on average for 4 new stores is 2000 per week / approx 300 per day which is decent, return rates far better at 10% for buys versus nearly 45-50% for online orders. Thereby driving increased profitability!!! Not providing any guidance as to store sales/profitability etc
- Looking at international expansion / tie-ups but nothing to announce at present.
- No reply as to my query on Buybacks, Director Buys or expanding the share register via onboarding of new Institutional Investors.
The management could do with more pizzazz and concrete guidance as to revenue uplift - it appears a bunch of folks who talk big but are not walking the walk!!! Happy with their success to date.... |
Key sales season still to come and outlook statement was a bit weak. Not much momentum IMO.Also no tangible numbers given for physical stores, except the woolly "inline with management expectations". Also no green light for further stores. So still unknown whether they will be a revenue growth driver going forwards. |
Solid results - however, been a while since management have lifted sales and profit guidance!!!
Share price not reacting and 10-11% off 52week lows of 8p
Balance sheet remains robust with cash position of £7.0m at 22 November 2024 [At 9p Net Cash about 1/3rd of Market Cap - with no material liabilities to speak off[
At 9p Market Cap £21.72mn and Net Assets £17.7m at 30 September 2024 compared with £17.2m at 30 September 2023.
No value in share price for the business/brand etc!!!
Would be nice to receive a RNS with a significant Director Buy!!!! |
Sosandar (SOS) Half Year results webinar
Tuesday, 26 November, 1:00pm
Sosandar Co-CEO’s, Julie Lavington and Ali Hall and CFO, Steve Dilks, will host a presentation of the the companies results for the period ended 30 September 2024, followed by a Q&A session.
Watch the video here: bit.ly/SOS_H1_results_webinar |
Did warn you robert.
Web data never lies. Jd sports. ASOS. Thg. Boohoo. Here
It never lies. This company has next to no chance long term. |
On TV right now... QVCUK (Channel 16) an hour long programme "Sosandar Fashion Premiere"
Another odd marketing choice from SOS. I've no doubt they'll sell some kit during this hour. But does flogging discount clothes on a shopping channel really enhance their brand image? |
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Wow Paul Scott is saying ASOS will go bust within 2 years
Sosandar keep expanding lol |
watcher - yes good point. I remain unconvinced at this stage though.
As for Paul Scott, he has surprisingly today quit Stockopedia and launched on Substack.
This will be a paid for subscription, but is initially free and you can see his comments on today's SOS news here... |
Someuwin Next have done exactly that and haven’t done too bad imho!.. I think this will be great for brand awareness |
It does rather seem that way. |
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