Sosandar Share Discussion Threads

[davwal] 09/6/2020 15:36

£2.65 & 42p...

[mr hangman] 09/6/2020 15:35

Birdbrain, how about reading the trading statement

[tjbird] 09/6/2020 15:28

how much cash is left and what is present monthly ££££££ burn?

TIA

[someuwin] 09/6/2020 14:35

There's a fair bit of competition amongst brands at Next. I guess if they want to stand out they'll have to pay for the privilege.

[shanklin] 09/6/2020 14:27

Bit of a pattern here. Positively spun RNSes followed by progressively cheaper placings to enable survival.

[nw99] 09/6/2020 13:59

Cashed up ready to roll with strong position

[nw99] 09/6/2020 13:59

Bought looks good

[hamidahamida] 09/6/2020 13:34

Will buy after they get the Placing away on the back of today's RNS

[iain123] 09/6/2020 12:50

Selling via NEXT is a total game changer.

[letmepass] 09/6/2020 12:16

Fantastic RNS. Should be back in the 20s by the weekend

[onjohn] 09/6/2020 10:49

Placing coming

Not enough cash to last out year

[chrisbenno82] 09/6/2020 09:42

Feel like this is being held back. Wouldn't be surprised to see placing price of 17p go soon

[thetrotsky] 09/6/2020 09:16

Bye bye birdie. Methinks one has a case of the sour grapes!

Returns up to 80% - wrong! Returns for the two monthe ended 31 May down (yes, down) to 33%.

Cash running out - wrong! Cash levels have now stabilised at £4.4m because of reduced marketing spend and approximately 60% of staff (a large % of whom would have been involved said same marketing).

Yet you stil clutch at straws. So what if the outturn for March was slightly worse than expected; the world had been turned upside down. This company is surviving!

[marmar80] 09/6/2020 09:11

Still needs to go up 1000x or more to my breakeven.. ORE

[davwal] 09/6/2020 08:57

Taken in context this is an excellent update and suggests the company has a very good handle on its course to becoming truly established - not to mention attractive as a m & a target. The flexibility demonstrated bodes well because companies need to be light on their feet these days. I think this is a key moment in SOS’s life. I’m very encouraged.

[someuwin] 09/6/2020 08:44

Agreements reached with John Lewis and Next to go live on their online platforms in Autumn/Winter 2020

This move will not only increase sales, but should massively push up brand awareness.

[swanvesta] 09/6/2020 08:30

Cash burn is way down, having cut marketing spend and HMRC paying half their wage bill? Also returns way down @ 33%, and gross margin has recovered after the sales. FY loss is going to be above expectations though, as it seems they have taken the opportunity to write down some of that monumental pile of stock.

Otherwise pretty good, esp team-up with JL and Next - bought a few first thing.

[ny boy] 09/6/2020 08:20

Not bad Sir, not bad, will take a few after this morning pop has died down

[bg23] 09/6/2020 08:15

an excellent update from this young and very capable company. Management have shown they can adapt to the market conditions as well as female fashion.
It reads as if they have performed exceptionally well in the current conditions and the move to sell via next and john lewis platforms should project the brand to the ideal customers - professional, working, fashion conscious, liquid.

well done.

[someuwin] 09/6/2020 08:07

Wow - much more positive than I was expecting!

[montynj] 09/6/2020 08:02

V good trading update...going on to Next and John Lewis platform too

[tjbird] 09/6/2020 08:00

Paul Scott dumped. V Wise.

[tjbird] 09/6/2020 07:54

PROFIT WARNING


Hidden away


......The Company also saw higher than anticipated returns on sales immediately prior to the announcement of the lock down. As a result, the Company now expects to report a loss for the year which is slightly higher than anticipated in its announcement on 18 March 2020.

[potpot1980] 08/6/2020 20:48

Looking at sosander atm....looks like it has a decent upside....appreciate the message below re cash burn, as it seems that more funds were needed in previous messages.