Sosandar Share Discussion Threads

[apad] 07/1/2021 18:59

Change in about a month.

Next: 69 styles reduced to 64.

J Lewis: 190 styles increased to 225.

apad

[forethought] 07/1/2021 08:52

Trading update was on the 20th last year.
Expecting one in the week beginning 18th?

[thetrotsky] 02/1/2021 18:01

ONJohn, I trust you'll be returning that bumper pack of straws you were given for Xmas in the New Year! This is a known factor and old news; SOS like other etailers reports returns in its reporting figures and builds the cost into its pricing. Have you ever been into a bricks and mortar shop and watched people take loads of clothes into the changing rooms to try them on? Often most, if not all, of those clothes are left discarded in the changing rooms (for a variety of reasons). It's the same dynamic. Both have costs impacts.

[onjohn] 01/1/2021 22:07

ft

Retailers have been left facing millions of additional items to process as a result of a surge in ecommerce orders, which consultants said were about three times more likely to be returned than purchases in bricks-and-mortar stores.

Clothing items bought online are particularly likely to be sent back, since shoppers who cannot try them on order multiple variants with different sizes and colours. Gifts also have higher than average return rates.

[che7win] 24/12/2020 12:23

Rocketing today

[apad] 23/12/2020 09:32

It's a logical decision, daniel. And a safe one.
I'm clinging to the view that they will have already been stocked for autumn and Xmas and that they may, just may, break through the £12m revenue bar sufficiently to avoid a placing.
Dilks looks to be more of a safe hand on the finances.
Anyroadup my holding is too big to follow your route.
GLA
apad
ps
I saw a few TV ads for the Autumn goldrush, but have seen none for Xmas (which is less important).
Their email advertising is excellent.

[danieldruff2] 23/12/2020 09:04

I don't know, but I have taken the view that the latest series of lockdowns and chaos will force them into one more working capital placing which they may otherwise have avoided, so I am out until that happens, if it happens.

[apad] 22/12/2020 22:24

Suppliers
SOS currently have 37, mainly in Turkey, India & China. Not by boat.
So, are (or will) their supplies affected by the current covid air travel restrictions?
apad

[thetrotsky] 09/12/2020 16:12

Zzzz same unsubstantiated bunkum from the same old dump merchants. Cash balances have remained steady for the last 6-8 months and there aren't any hidden nasties lurking in the balance sheet (despite their unsubstantiated claims to the contrary).

If there is a cash raising in the Spring it will be to fund a advertising campaign to acquire new customers, not to cover trading losses. We don't know how many, if any, staff are still on furlough but clearly a decision has to be made at some point whether or not to restart the previous customer acquisition model (and the consequential cash burn).

I'm currently expecting H2 sales to be around the same level as last year; the average basket value has been falling throughout the pandemic and I think that SOS (along with all the other online fashion retailers) will struggle to sell more to their customer base this Xmas (I suspect customers will, inevitably, be buying less than last year). I also think that SOS's niche customers are going to be less likely to flout lockdown rules than, say, BOO's

[hotaimstocks] 08/12/2020 00:43

GOOD SHORTING OPP..
Dilution again soon as the cash will run out before may 2021 ... 2p funding or will go bust!

[nesquikme] 06/12/2020 20:47

YES

MAUYBE DYOR AND GET CINE

A Cineworld spokesperson said: 🚀

“We are very encouraged by the giant steps achieved recently with regards to the Covid-19 vaccination process, which is expected to be put in place earlier than previously anticipated. This will generate significant relief for our industry and enable our cinemas to make a great comeback…

“Big movies are made for the big screen and we cannot wait to reopen our cinemas in Q1 in order to offer our customers, as always, the best place to watch a movie.”


“Five years from now we will look back at 4 April when James Bond: No Time to Die opens as a watershed moment,” he said. “That is when the big movies start to return. We will keep going as the vaccine comes out and are hoping not to face closure again now. Cinema is going to return to normal.”


100p this week 🚀 🚀 🥂 🍻

[transhoneyqueens] 04/12/2020 17:15

probably worth £10m so good time to short it

[energeticbacker] 04/12/2020 10:27

The £35m valuation continues to look somewhat bonkers to Investor's Champion for a very small untested online fashion retailer with seemingly little to differentiate it from the host of other online fashion retailers, many of which have upped their game considerably over recent months.

[laughton] 02/12/2020 12:45

Paul Scott covered it yesterday (positive) but Investors Chronicle covered it today (negative).

Where was the positive share tip that you saw?

[jackson83] 02/12/2020 12:27

looking for 25p as seen a share tip on this and hopefully Paul scott will cover this with a buy soon..

[che7win] 02/12/2020 12:24

Add Bonmarche to that...

[faz] 02/12/2020 11:40

Great entry opportunity yesterday. I took it. I expect Debenhams and Arcadia demise, awful as it that is for employees, to help SOS grab market share over the next year.

[montynj] 02/12/2020 08:46

What did he actually write

[abarclay] 02/12/2020 08:39

Debenhams bad debt?

[apad] 02/12/2020 08:36

Paul Scott's analysis is pretty positive. Impressive attention to detail,
Reckons there may not be the need for another cash call.
£35m mkt cap about right.
apad

[energeticbacker] 01/12/2020 19:03

Plenty of growth and plenty of cash losses - Investor's Champion still considers the £35m valuation to look somewhat bonkers for a very small untested online fashion retailer with seemingly little to differentiate it from the host of other online fashion retailers, many of which have upped their game considerably over recent months.

[nesquikme] 01/12/2020 15:13

This is hideously overpriced and over ripe tomato

[croasdalelfc] 01/12/2020 11:25

It's seems they are hunkering down - lower risk , preserve cash, lower marketing. A year of slow growth rather than hockey stick growth .the market agrees

[thetrotsky] 01/12/2020 10:33

Croasdalefc - I would take issue with your comments about other online sellers. ASOS, Quiz and Superdry's comparatives have hardly been setting the world alight. Boohoo still has some reasonable traction but has been acquiring additional brands in the last 12-18 months (so a direct YoY comparison is more difficult). In an ideal world SOS would have been investing in increasing its customer base and/or diversification to offset the impact the pandemic has been having on average customer spend, product mix, quatities etc. but both of these options require cash and entail risk. Also, it's difficult to diversify in a pandemic, especially if it requires forging new commercial relationships. IMHO I think SOS have done well to increase sales and maintain cash in very trying times. My one criticism of today's results would be their forward looking statements about October/November; it would appear that their sales are at, or perhaps slightly ahead of, the same level as last year (they slightly muddied the statements and it's difficult to discern). Is this a disaster, far from it but it does rather confirm your comments that there's only so many party dresses that you can sell in a pandemic. Also, we should not discount the impact the government's actions are having on Xmas preparations. I'm sure there are more than a feww women out there wondering whether they'll be wearing a party frock or PJs on Xmas Day and, as for New Year's Eve, it looks as it we'll all be watching a socially distanced Jools Holland Hogmanay this year! The demise of Top Shop and Debenhams would appear to provide opportunity in the New Year and, if there is an opportunity to start or buy a complimentary brand (e.g. mens clothing) and/or expand the customer base in a cost effective manner then I think there would be supoort for a further cash call