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Share Name Share Symbol Market Type Share ISIN Share Description
Sosandar Plc LSE:SOS London Ordinary Share GB00BDGS8G04 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.375 -2.97% 12.25 12.00 12.50 12.625 12.25 12.63 356,025 14:23:56
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 4.4 -3.5 -3.2 - 20

Sosandar Share Discussion Threads

Showing 3226 to 3247 of 3525 messages
Chat Pages: 141  140  139  138  137  136  135  134  133  132  131  130  Older
DateSubjectAuthorDiscuss
13/2/2020
16:18
excessive boardroom remuneration for lossmaking carp
abarclay
13/2/2020
16:17
Looks like it will go under the 15p placing price in coming sessions
abarclay
13/2/2020
12:37
Some laughable comments. If you take BOO as an example - selling clothes online at c. 50% gross margin. When you get to scale it's reasonable to expect perhaps 8% operating margins. So if revenue is £10m this year and they grow 100%, 60%, 50%, 40%, 30% over next 5 years then revenue would be c. £87m. That might make a pbt of c. £7m at 8% op margin. Tax that at 20% at put it on a PE of 25 and you get a market cap of £140m. If they need another £20m equity to get there the market cap today effectively £55m. So in that entirely, but IMO plausible scenario, you'd do pretty well with a long term hold. They may do a lot better or a lot worse of course. Nobody knows... Change your growth rates, PE ratio, need for more equity capital etc and you get very different results. Plug in your own numbers. If they grow at 100%, 80%, 65%, 50%, 40% and stick it on a PE of 40 and you get a market cap of £320m for example. So a 10 bagger possible with good execution. Don't forget BOO could be bought for 25p 5 years ago :) Will all depend on a multitude of unpredictable parameters...
eezymunny
13/2/2020
12:15
SHARE PRICE dropping now.. will wait for 13p or the next trading update before I risk anymore exposure
hotaimstocks
13/2/2020
12:12
they will blow the lot on TV adverts ? £5m down the pan & then what ? they will need more cash = dilution again and again ... its a real gamble now
jamesto2
13/2/2020
12:09
You can see their latest (second?) TV ad here... https://twitter.com/sosandar Filmed in Malta apparently. To me it seems to be just a few models wearing a few clothes. And a very dull voiceover at the end. Nothing memorable. Nothing aspirational or desirable. No message. Surely if they're going to throw money at advertising they can come up with something better than this! It's almost as bad as the ads produced by contestants on the Apprentice. (Also note: after almost 4 years on twitter, total followers just 1,075)
someuwin
13/2/2020
12:07
I sold out at 28p could be a good buying opportunity around 15p / 17p later this month or next month.
jamesto2
13/2/2020
11:56
The dash for customer growth makes sense to me. It’s trading at around 2 x annual sales at present, push the sales up and we may well see a decent rise in the share price There are some people who want to see a profit before they invest anything and that’s fair enough. I regard this as high risk but balance it with low risk elsewhere. Could be a major online player in 2 to 3 years time or could fail miserably but I’m staying put to see how the story develops.
dgbell7
13/2/2020
11:47
I don't hold but I'm watching for some tipping points. First the ratio of admin to sales. Within the admin is the cost of customer acquisition via their marketing channels. In 2017 it was 280% of sales. In 2018 as sales grew it was 135% of sales. Sales growing but still less than admin costs. In the first half of 2019 calendar year they cut back on customer acquisition cost but sales growth rate dropped back and they reset their marketing spend at the end of June. The H1 financials showed a rise in the ratio to 152 % of sales. At that point admin was rising faster than sales. To reach profitability they first need to see Gross profit exceeding admin. In 2017 GP was 18% of admin costs. In 2018 41% but in the H1 financials it had dropped back to 35%. Admin growth was exceeding GP growth. This led to the recent placing which contained this comment - The net proceeds raised from the Placing are expected to be used to provide further support for the continuation of Company's recently accelerated and successful growth strategy. At this stage of their growth customer acquisition costs are rising faster than profit growth. GP needs to triple to cover the rate of admin spend. I think the key here is the efficiency of their marketing spend. I will continue to watch.
serratia
13/2/2020
11:33
Buying opportunity
nw99
13/2/2020
11:14
oh deary me APAD - 13 Feb 2020 - 10:34:03 - 2642 of 2647 Sosandar - SOS Neary on Scott 😊 3 Nov 2017 “the company should have plenty of cash for 2+ years of cash burn.â€�; 11 Dec 2017 “SOS is well-funded for now… So it shouldnâ€͐2;t need to come back to the market for more cash for the foreseeable future.â€ʏ33; May 2018 There should be enough cash in the bank to get the company through to maybe mid-2020… the fundraising to launch the company on AIM provided for several years’ anticipated cash burn. July 2018 …thereâ̈́4;™s little doubt that the company has plenty of cash headroom for now. It might decide to do a top-up fundraising in 2019 or 2020, but that’s of no concern to me whatsoever, because it would be raising cash at a much higher share price than now… October 2018 – RAISED £3 million at 32p Nov 2018 I’m glad they did £3m placing now, as it removes any concerns about running out of cash. Jan 2019 Broker forecast is for net cash to bottom out at £3.6m at end 03/2020, and then start rising… Therefore, on current forecasts, which look perfectly credible to me, the business has plenty of cash headroom. Bulletin board chatter to the contrary, is just the usual nonsense that can safely be ignored, because people haven’t done proper research. 3 July 2019 …my view is that there is clearly enough cash for the time being. It may need a top-up placing next year, in my opinion. Therefore, being realistic, I think there’s probably an increased chance of the company needing a bit more cash next year. …a £20m market cap, for the UK’s fastest-growing pure play online fashion business, with enough cash for at least 12 months, is probably not going to be far from the lows. 11 July 2019 – RAISED £7 million at 15p If the company doesn’t generate the planned growth, then it could run out of money again in maybe 2 years’ time and get into a death spiral of increased dilution at lower & lower prices. 27 Nov 2019 There’s £6.9m in net cash, which is plenty for the next couple of years. 12 Feb 2020 – RAISED £5 million at 17p I was a bit surprised that they’ve decided to raise again, but the reasons make sense… APAD - 13 Feb 2020 - 10:32:54 - 31587 of 31594 ValueGrowth Investing - VLG Neary on Scott 😊 3 Nov 2017 “the company should have plenty of cash for 2+ years of cash burn.â€�; 11 Dec 2017 “SOS is well-funded for now… So it shouldnâ€͐2;t need to come back to the market for more cash for the foreseeable future.â€ʏ33; May 2018 There should be enough cash in the bank to get the company through to maybe mid-2020… the fundraising to launch the company on AIM provided for several years’ anticipated cash burn. July 2018 …thereâ̈́4;™s little doubt that the company has plenty of cash headroom for now. It might decide to do a top-up fundraising in 2019 or 2020, but that’s of no concern to me whatsoever, because it would be raising cash at a much higher share price than now… October 2018 – RAISED £3 million at 32p Nov 2018 I’m glad they did £3m placing now, as it removes any concerns about running out of cash. Jan 2019 Broker forecast is for net cash to bottom out at £3.6m at end 03/2020, and then start rising… Therefore, on current forecasts, which look perfectly credible to me, the business has plenty of cash headroom. Bulletin board chatter to the contrary, is just the usual nonsense that can safely be ignored, because people haven’t done proper research. 3 July 2019 …my view is that there is clearly enough cash for the time being. It may need a top-up placing next year, in my opinion. Therefore, being realistic, I think there’s probably an increased chance of the company needing a bit more cash next year. …a £20m market cap, for the UK’s fastest-growing pure play online fashion business, with enough cash for at least 12 months, is probably not going to be far from the lows. 11 July 2019 – RAISED £7 million at 15p If the company doesn’t generate the planned growth, then it could run out of money again in maybe 2 years’ time and get into a death spiral of increased dilution at lower & lower prices. 27 Nov 2019 There’s £6.9m in net cash, which is plenty for the next couple of years. 12 Feb 2020 – RAISED £5 million at 17p I was a bit surprised that they’ve decided to raise again, but the reasons make sense…
abarclay
13/2/2020
11:13
Will need more money in less than 9 months This is the titanic and is leaking money
abarclay
13/2/2020
11:10
"I expect there will be some critics of this strategy, but they don't really matter as they're never going to buy any shares in this anyway."
the millipede
13/2/2020
10:34
Neary on Scott 😊 3 Nov 2017 “the company should have plenty of cash for 2+ years of cash burn.” 11 Dec 2017 “SOS is well-funded for now… So it shouldn’t need to come back to the market for more cash for the foreseeable future.” May 2018 There should be enough cash in the bank to get the company through to maybe mid-2020… the fundraising to launch the company on AIM provided for several years’ anticipated cash burn. July 2018 …there’s little doubt that the company has plenty of cash headroom for now. It might decide to do a top-up fundraising in 2019 or 2020, but that’s of no concern to me whatsoever, because it would be raising cash at a much higher share price than now… October 2018 – RAISED £3 million at 32p Nov 2018 I’m glad they did £3m placing now, as it removes any concerns about running out of cash. Jan 2019 Broker forecast is for net cash to bottom out at £3.6m at end 03/2020, and then start rising… Therefore, on current forecasts, which look perfectly credible to me, the business has plenty of cash headroom. Bulletin board chatter to the contrary, is just the usual nonsense that can safely be ignored, because people haven’t done proper research. 3 July 2019 …my view is that there is clearly enough cash for the time being. It may need a top-up placing next year, in my opinion. Therefore, being realistic, I think there’s probably an increased chance of the company needing a bit more cash next year. …a £20m market cap, for the UK’s fastest-growing pure play online fashion business, with enough cash for at least 12 months, is probably not going to be far from the lows. 11 July 2019 – RAISED £7 million at 15p If the company doesn’t generate the planned growth, then it could run out of money again in maybe 2 years’ time and get into a death spiral of increased dilution at lower & lower prices. 27 Nov 2019 There’s £6.9m in net cash, which is plenty for the next couple of years. 12 Feb 2020 – RAISED £5 million at 17p I was a bit surprised that they’ve decided to raise again, but the reasons make sense…
apad
13/2/2020
10:29
Credit will come. One supplier at a time, I'm sure of that.
thelongandtheshortandthetall
13/2/2020
09:57
One of the key metrics used by financial analysts for small, fast-growing companies such as SOS, is the market cap to sales ratio (P/S ratio). Broker consensus for sales for FY20 is 10m. I did some calculations a few weeks back and came to the conclusion that at a stretch they would make it. But certainly not a done deal. Yesterday's fund raise now changes the picture. If they are going to ratchet up marketing spend, then the sales forecast IMO is at least 10m (bottom range), could end up 10% - 20% higher. Over the last 12 months the P/S has been around 4.7. If we take the conservative value of £10m forecast sales, then the forecast market cap based on this multiple becomes £47m . Market Cap today is £31m . That means the share price at the end of FY2020 - announcement in April - should be ((47.5/31 = )some 50% above today's price. This number is very sensitive to the value of the multiplier and the sales forecast. But to me, it presents a good risk : reward ratio. Went long yesterday @17.4.
ramridge
13/2/2020
09:55
Sosandar and the difficulty of forecasting hTTps://cube.investments/sosandar-and-the-difficulty-of-forecasting-sos/
rndm355
13/2/2020
09:28
Millipede I agree with your three posts, however I tend to concentrate on the negatives. I don't understand why they did not know about their credit availability well in advance of this fundraising. It is a characteristic of small companies without power. BOO, for example, has no such problems with working capital. Having said that, a larger raise last time would've been problematic and at least there was some share price strength this time. A major worry, for me, is the revenue in the run up to Spring - they are concentrating on denim at the moment. Between storms 😊 My frocks-mad pal says they have a distinct niche still - I was concerned that Karen Millen, under BOO, might go head to head. I monitor their offerings, but with little skill and a pal monitors the likes of Facebook. Maybe it's just a comfort blanket, they are difficult to interpret It is often said, as a criticism, that they didn't raise enough money. I suspect that they raised as much as they could. The raise before last was unfortunate because of the fall in sales growth, whereas this one is much better timed. There is a high probability of another placing. Not too much of a worry if it is on the back of a good performance. If they don't need more capital they will blow the doors off. It is clear that they are on a difficult road and still high risk. Maybe we can just sacrifice a goat for good weather? apad
apad
13/2/2020
09:17
Each to their own and if uncertainty rules it’s probably best to give it a miss. Ooh look, another notch up...
davwal
13/2/2020
09:11
ideaidea up 12% from placing price.. got around £9m in cash now and £3-4m in stock. Most amount of customers they've ever had and they have momentum building with the marketing campaign. Sosandar have never been in a healthier position. Might sound like a ramp but there we go.
thelongandtheshortandthetall
13/2/2020
09:07
I think the point is that when you say the share price should be "lower" what you ought to mean is lower-than-it-would-be-if-the-company-were-making-profits, rather than necessarily lower-than-it-is-today. You are completely correct, that this placing in all likelihood pushes profitability back. But I think we need a different set of metrics to be honest, to value this kind of start up. Ultimately the marketing spend now should drive higher long term sales growth and by the time we get to the end of this year, the profit figure for 2020 will be irrelevant. This is why I can't really understand anyone focussing on 2019 profits - I genuinely do not care what they were as they do not help me understand the future growth prospects or to value the equity. They say nothing about the risks, nor about the possible future rewards. What I do know is that, for me, the trading update was very positive - I first bought in here the day after as I thought the share price fall was crazy - and likewise the placing. I added yesterday at the placing price and I think there is now certainty in the short to medium term that will hopefully drive some share price growth. And I think it should become clear during this year if the business model is working or not. So far, in my view, the signs - both in terms of sales growth and in terms of institutions being prepared to provide funds - are good that it is.
the millipede
13/2/2020
08:52
Not sure about this little upturn, I cant seem to press the buy button. Surely this will cause an even bigger loss short term and because of that risk seems to be slightly higher then before the placing, which makes me feel the share price should be lower. I completely get that this might lead to bigger profits later, just feel the risk reward isn't quite right.
ideaidea
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