Share Name Share Symbol Market Type Share ISIN Share Description
Sosandar LSE:SOS London Ordinary Share GB00BDGS8G04 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.50p -1.79% 27.40p 39,670 08:39:28
Bid Price Offer Price High Price Low Price Open Price
27.00p 27.80p 27.90p 27.40p 27.90p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 1.35 -6.06 -10.31 29.3

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Date Time Title Posts
13/7/201816:01SOS - will this go bust by Christmas 20199
06/4/201809:33BullShiT, Big Sofa Turd No.2 -SOSANDER69

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Sosandar Daily Update: Sosandar is listed in the General Retailers sector of the London Stock Exchange with ticker SOS. The last closing price for Sosandar was 27.90p.
Sosandar has a 4 week average price of 18.25p and a 12 week average price of 11.75p.
The 1 year high share price is 28.40p while the 1 year low share price is currently 11.20p.
There are currently 106,814,658 shares in issue and the average daily traded volume is 1,996,862 shares. The market capitalisation of Sosandar is £29,801,289.58.
jaknife: If it grows at 73% every quarter then it's at breakeven around about June 2019 (and will not need additional cash). Personally, I think that the market was only expecting growth in the 35%+ range. Hence the market will be pleased. Hence the share price should go up :-)! JakNife
paulypilot: Sosandar is very early stage, so it won't appeal to most investors. I'm backing management, and the concept, both of which I think are excellent. Only time will tell if it turns into a viable business. There's plenty of cash - for 2018 & 2019. Let's meet again in 2 years' time, to see how things pan out. It's pointless discussing the figures at this stage, as it's all about the ability to grow (or not). Relax! You either like it, or you don't. The share price and other peoples' opinions don't matter to me at all. Regards, Paul.
discodave4: Paul Scott's comments in stocko today, don't agree but then wtfdik......not anywhere near as much as he does but he has been wrong before! :-"Re Sosandar (LON:SOS) - I'm perfectly happy with progress to date. This is an early-stage company, so for me it's all about backing management & the concept, both of which I think are excellent.As regards the numbers, they're in the right ballpark (compared with the Turner Pope note from Aug 2017), although the year end was changed, so we can't directly compare the 9 month figures, with 12 month forecasts.The operating loss for the 9 month reported figures was a bit higher than I was expecting, but not enough to cause concern. However, revenue is growing nicely (from a start-up), and the gross margin is excellent for such small revenues - suggesting that there's likely to be good upside on gross margin once turnover has risen considerably more.There's plenty of cash in the bank for anticipated losses in 2018 & 2019, by my reckoning. So it's just a question of sitting back and waiting to see how things develop over the next 2 years. I'm trying to ignore the share price, as it's not relevant to my point of view, as I am treating this as a buy & hold forever situation (providing the growth continues to be strong).The market has sold off most small caps, especially more speculative stuff, by 30%+ in recent weeks, so SOS has just followed that trend. I don't think the recent share price fall here has anything to do with fundamentals & outlook, which both look positive to me.Taking a long-term view, if SOS does work out, then this could be a serious multi-bagger. That's why I think it's pretty exciting. Short term, the share price could go up or down, I have no idea!Regards, Paul.
davwall: I looked hard at this company after the IPO and nearly jumped in. After having tried the product via my partner and not been overly impressed for a quality range aimed at the 'better off' market I held back because I couldn't see what made it worth the then share price. As a neutral, I still can't. This looked a cynical attempt to jump on the online bandwagon, but the so-called celebs will move on and the company will have to survive and grow on fashion/quality fundamentals, not continued marketing hype. It could still work, but ultimately the products and customer service are the key, not spin. I will follow, but wait and see for now before putting money in.
lucicavi: Turner Pope from Aug 2017, which is the broker that floated Sosandar. This shows forecast revs of £1.0m this year 03/2018, rising to £3.3m 03/2019 PRETAX LOSS LOSS is forecast at -£1.9m this year, followed by -£1.4m 03/2019 That loss is going to hurt the share price
yump: Starting from such a small turnover and reporting after Christmas, they are certain to report significant progress in revenue. The share price in the short term just depends on how many people will buy a story, rather than any semblance of a profitable business model. So it may as well be a loss-making tech. There's no knowing which way things will go share price wise, as its impossible to even guess at a valuation. If we were at the start of what looks like a retail boom, perhaps the share price would fly regardless. The reality is that retail, for the first time since the recession, is looking a bit dodgy. If it had a much bigger turnover (like BOO when it floated), then could probably rely on funds to push the price up, on the basis that they're desperate for any growth story.
harebridge: Paul Scott comments on Stockopedia. Paul writes in the comments (please note that he owns shares in this company):Sosandar (LON:SOS) - "Trading update makes generally positive noises, but gives no figures. Since the share price already has considerable expectations built into it, I think today's news won't necessarily move the share price up. It should however give holders comfort that things are going to plan (or rather, better than plan), hence preventing the share price from going down.The only forecasts I have are a detailed note from Turner Pope from Aug 2017, which is the broker that floated Sosandar. This shows forecast revs of £1.0m this year 03/2018, rising to £3.3m 03/2019, and £9.4m 03/2020.PBT is forecast at -£1.9m this year, followed by -£1.4m 03/2019, and a small maiden profit of £0.1m in 03/2020. Whilst these figures may look unexciting in terms of profitability, they look very exciting in terms of revenue growth. The market would extrapolate out the rapid growth rate, and value the shares on a racy multiple. I can foresee a £50-100m valuation within a year or two, if growth is strong. That may sound crazy, but we're in a bull market, where online fashion businesses that are demonstrating strong growth are given hefty valuations. Just look at the bonkers valuation given to hapless Koovs (LON:KOOV) a while ago, even though it was generating tiny revenues and huge losses.SOS is well-funded for now, and exited the IPO process with net cash of about £7m, I believe. So it shouldn't need to come back to the market for more cash for the foreseeable future.SOS is now one of my largest personal holdings, because I'm backing the experienced, and capable management. If you look at what they achieved in 1 year from startup, it's astonishing. Hence why I think the premium valuation is justified.Note that there is about 18% potential dilution from share options for the founder management, as they had been diluted down to only 5% each from previous funding rounds, and the key people need to be incentivised. Not ideal, but I can live with it. Critics have said that there's something wrong with Sosandar, because management got diluted so much in the early stages, compared with say Boohoo.Com (LON:BOO) founders who retained almost 100% control before floating. What these critics overlook is that BOO was funded by an existing, highly profitable wholesale business (called Jogo/Pinstripe). So the BOO founders already had pots of money, so were able to fund BOO from scratch without dilution. Founders of Sosandar just weren't in a financial position to do that.Anyway, time will tell whether this is an inspired stock pick, or bull market froth!" END.
paulypilot: @tjbird, We don't know what the people behind the Spreadex position will do. It's an aggregated position of x number of holders. I hold about 750k shares in SOS via Spreadex, and I'm a buyer, not a seller. In all likelihood there's probably a big holder via Spreadex who is unwinding their position - which is quite helpful actually, as it allows people who were scaled back in the placing to buy in the open market now. I only got about 30% of my application in the placing, and my broker tells me that I was lucky - as lots of people were scaled back to nil. So I reckon the price is likely to be well supported at c.15p, if it drops further, as applicants to the placing might start buying in the market at that level. So we have maybe 10-20% downside, and unlimited upside. The downside risk would increase if current trading, and cash burn, are worse than expected. I'm sure everyone is aware that current revenues are very small. We're buying the future upside, that's the speculative opportunity here. But there's no guarantee it will work. Personally I think the current share price is about right. I'd be happy to see it stay at this level for now. Then it will be future announcements about trading progress that drive the share price up or down. For me, it's a 2-year hold. This share is much too speculative for most people. I made a lot of profit on BOO and G4M, so to a certain extent, am happy to recycle that profit into something that I think is good, but speculative. Regards, Paul.
paulypilot: @Hydrus, Sosandar is definitely a highly speculative investment, that's agreed. I've researched the company & spoken to management, and I really like the concept (innovative product, addressing an under-served part of the clothing market). Also, the marketing approach (featured every week on Loose Women, and with many other celebrity brand ambassadors - women who genuinely love the product - I also like Sosandar's website, in that it's taking an innovative approach of being a hybrid of an eCommerce site, and a fashion magazine. This can help them push individual products, through editorial content. Maybe the company floated too early? As you correctly state, sales are currently tiny. However, I think the early stage growth percentages could be massive, and if that happens it could drive a big share price increase. If you check out the latest Alexa stats, it's showing strong growth. That augurs well. I hope the company uses the funds raised wisely. Anyway, time will tell, it's highly speculative at the moment. I hold about 1% of the company, so if this works, it would be a very nice outcome for me! But if growth disappoints, then we'd be looking at a big plunge in share price - so it's high risk. I'm essentially backing management here. They're the real deal, in my view - Ali Hall and Julie Lavington. They've also got some big hitters in the wider team, including a former Matalan Director, who handles sourcing. The outsourced business model means it should be able to scale up rapidly. Anyway, let's see what happens. Fingers crossed. Regards, Paul.
paulypilot: @GheeBee - Spreadex only buy or sell shares to hedge what their clients in aggregate are doing. It looks as if (unknown) clients of Spreadex are unwinding a position which seems to have been built up before ORE turned into SOS. This could be why the share price of SOS hasn't risen much since the shares were re-listed - because there seem to be plenty of sellers, who are now able to exit their position in what was a (failed) gold explorer. So, given that we don't know who the clients at Spreadex are, who are selling, then it's impossible to know whether they are smart people or not. Therefore nothing can be drawn from the Spreadex holding in company announcement. Regards, Paul.
Sosandar share price data is direct from the London Stock Exchange
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