Sosandar Share Discussion Threads

[someuwin] 18/3/2020 07:06

Sosandar plc

Trading and COVID-19 Update

Sosandar PLC (AIM: SOS), the online women's fashion brand, provides the following update on current trading and the impact of COVID-19.

During Q4 of the current financial year, the Company experienced strong trading through January and February and into March resulting in revenue in the quarter to date up 203% on the previous year. However, the recent increasing macro-economic uncertainty associated with the COVID-19 outbreak is creating a significantly more challenging and volatile trading environment. As a result, sales over the past week have been substantially weaker than expected with margins also being impacted by increased customer incentives used. The current expectation is that, given recent developments, this trend will continue in the immediate future and the Company's performance in March will be well below forecast. Accordingly, for the year ended 31 March 2020, the Company expects its revenue to be between GBP9.0m and GBP9.3m and net loss for the year to be between GBP6.5m and GBP6.8m.

Despite the unprecedented current situation, the Group's prior performance this year and continued customer engagement statistics showed there is a clear demand for the Company's unique offering in the market. However, it is currently impossible to predict the full impact on the retail sector, and the Company's business, from COVID-19. The business has relatively low levels of committed expenditure and, as a dynamic business, management has decided it is appropriate to focus on cash preservation during this challenging period. The Company will therefore substantially reduce its planned marketing spend in order to focus on repeat orders from the Group's existing customer base rather than new customer acquisition in the short to medium term. This, alongside other cost saving measures available to the Company, will help preserve cash for when market conditions improve.

Sosandar has a robust balance sheet and expects to end the year with cash in excess of GBP5m and healthy stock levels to support the business during this unprecedented time.

At this stage, Sosandar can confirm it is not currently experiencing any significant disruption to its manufacturing. Having a flexible supply base, Sosandar is able to resource raw materials and production from other geographies when necessary to ensure a minimal disruption to the supply chain.

[apad] 15/3/2020 08:56

Hardly any sizes not available in The Outlet section.

Anybody know how to interpret that?

apad

[daijavu] 14/3/2020 18:32

I sold every share I held in every company I held, a fortnight ago. I am waiting for the market to bottom. I think it might drop a fair bit more before it does.

[daijavu] 14/3/2020 18:25

Paul started with around 3.5 million SOS shares. If he sold we might know about it.
He has also mentioned purchases he has made of other shares in the past week.

[apad] 13/3/2020 10:19

From Drapers.
"“We had a whole shipment ready but there were no boxes to put clothing in,” said Ms Smilovic, whose company sources its fabric in northern Italy and manufactures much of its clothing in China, both heavily disrupted by the deadly coronavirus outbreak. “Material is not being made in northern Italy right now. Zippers are in short supply.”

“You can miss a whole shipment just because you don’t have a zipper — a stupid, 80 cent zipper,” she said."

Feel the fear!
apad

[fredfishcake] 13/3/2020 10:02

Assuming we're talking about Paul Scott, he's said today that he's topped up on these.

I'd be interested to know about their supply chain - does anyone know where the majority of their garments are made/material shipped from? They can't make sales if they have nothing to sell.....

[onjohn] 12/3/2020 15:12

won't make a profit for 6 or 7 years

[onjohn] 12/3/2020 15:12

virus stays on clothes for long time

[hotaimstocks] 11/3/2020 17:55

is paul pilot still shorting this junk

[hotaimstocks] 11/3/2020 17:19

8p on the cards now.

[jamesto2] 11/3/2020 17:14

80% returns is not a good sign & I'm surprised the share price held up so well today.

[onjohn] 11/3/2020 13:59

new lows coming

[tomboyb] 10/3/2020 15:31

I would avoid all retailers -

SOS could fall to 9-10p -

[wton1] 10/3/2020 15:23

HE KNOWS HIS ONIONS

THIS IS WORTH ZERO

[jamesto2] 10/3/2020 15:19

even P Pilot is shorting now lol

[wton1] 09/3/2020 21:36

another aim con share

[bartolozzif] 09/3/2020 15:06

OMG I didn't know he threw them out. No one left to pump them

[jamesto2] 09/3/2020 14:14

5p soon get out before total collapse folks.... Paul sold back when it was 28p

[wton1] 09/3/2020 14:04

germ infested clothing from italy

[wton1] 09/3/2020 14:04

germ infested clothing from italy

[tomboyb] 09/3/2020 13:13

This will fall further BUT a masterstroke raising equity when needed -

Avoid all retailers ( apart from supermarkets ) -

[jamesto2] 08/3/2020 21:58

maybe 10p within 2/3 weeks... years away from profit if any ( red flag )

[onjohn] 06/3/2020 14:45

this is going to 5p