Sosandar Share Discussion Threads

[thetrotsky] 08/6/2020 13:55

Methinks you are trying to scaremonger! Where do you get your 80% returns figure from (the last published accounts said 49%) and would they not be cleaning returned items under normal circumstances anyway? As regards their cash burn, much has been said but little understood. The main reason they were burning so much cash before the pandemic was because of marketing and advertising. This has been curtailed during the pandemic and I rather suspect that their cash burn has been significantly reduced as a result (I would reference "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." in the company's last update to support that assertion).

[tjbird] 08/6/2020 10:31

Steam cleaning of products tried on or returned will add so much expense here

especially as 80% of clothes are being returned and they are already losing millions of squid a year

will need a placing sub 2p I fear

[discodave4] 04/6/2020 12:33

On 29th May (Piworld interview) Paul mentioned that he has reduced his position here.

[discodave4] 04/6/2020 10:54

Looks like placing coming up.Only hold a tiddly amount from the ORE days.

[apad] 03/6/2020 21:30

14 Mar 2020 Paul Scott
"Topping up both Sosandar (LON:SOS) and Revolution Bars (LON:RBG) - I think SOS should produce superb performance in the first half of calendar 2020, because its spending much more on marketing, which proved highly effective in H2 of calendar 2019. Therefore it's up against really soft comparatives. Plus it raised a lot more cash, and people will be buying more online instead of going to shops. Bored people self-isolating at home, are likely to be doing a lot more internet shopping than before.”
SOS 13p on 16 March

28 May Interview. www.youtube.com/watch?v=lbMK0Tx-K1E
"Reduced SOS holding after the last rns.” (18 March).
"Still hold - not oversize anymore. Disappointing update. Needs more cash."
5p on the 18th March
9p on 29 May

Coy. Private information?

Anybody fill in any gaps? Dai?

apad

[tjbird] 02/6/2020 08:44

how much cash is left here

[transhoneyqueens] 28/5/2020 19:27

dilution looms with the next round of cheap funding soon

[thelongandtheshortandthetall] 28/5/2020 19:05

Monsoon on the brink
Bodes well for Sosandar... If they survive this period.
Hope they do it's my 2nd largest holding😎8513;😁

[jamesto2] 27/5/2020 22:28

this was in the 4p's a few months ago.... 30% decline in sales and funding needed this year so overvalued now.

[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)