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
  -2.00p -4.55% 42.00p 719,381 14:24:33
Bid Price Offer Price High Price Low Price Open Price
41.00p 43.00p 44.00p 42.00p 44.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 1.35 -6.06 -10.31 44.9

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Date Time Title Posts
19/9/201818:26BullShiT, Big Sofa Turd No.2 -SOSANDER82
06/9/201819:56SOS - will this go bust by Christmas 201951
07/8/201809:37Sosandar - The next ASOS. Aren't they all!88

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Sosandar (SOS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-09-20 16:16:1942.9525,00010,737.50O
2018-09-20 16:15:0042.9058,00024,882.00O
2018-09-20 16:15:0042.9058,00024,882.00O
2018-09-20 16:15:0045.00115,00051,750.00O
2018-09-20 16:15:0045.00115,00051,750.00O
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Sosandar (SOS) Top Chat Posts

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 44p.
Sosandar has a 4 week average price of 32.20p and a 12 week average price of 18.40p.
The 1 year high share price is 47.10p 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 905,219 shares. The market capitalisation of Sosandar is £44,862,156.36.
paulypilot: jamesto2 - if your post 922 above is referring to me, then you're lying. I have not "dumped again" - in fact I have NEVER sold a single Sosandar share, don't intend to, and was buying up to 35p. This is a permanent, hold forever investment for me. Other people can do what they want. The short term share price doesn't interest me particularly, although it's always nicer when things are going up. If people don't understand the business, its potential, or the valuation, then frankly I couldn't care less. Am sitting tight on my 2.2m shares, for the longer term, bigger picture. This could be a substantial business in 5 years' time. It's all about backing a great management team, who really know what they're doing. Paul.
paulypilot: hraj, "In fact biggest buy of the day was 63k shares worth £1.85 million..smashed it..follow the money." You might want to buy some new batteries for your calculator. Or a new brain. The share price for SOS is about 30p at the moment. So 63k shares is worth about £18,900, somewhat less than your figure of £1.85m. In fact, you seem to be 2 decimal places out. Maybe check your facts in future, before posting junk like your 3 posts above? PP.
paulypilot: Plasybryn, Have a read of the posts above, going back a few weeks. We've already discussed the cash position. In summary, it's fine for the time being, but I think there's a possibility the company might need to raise a bit more cash in 2019. Given the stellar revenue growth being achieved, a small fundraising could probably be done with a few phone calls, in under an hour. It really isn't an issue. Given the larger market cap, then dilution would be modest - e.g. a £3m top-up fundraising would dilute us by under 10%. My broker made some enquiries last week, and told me that Institutions are queued up trying to buy big blocks of shares, but can't get any fills on large buy orders. There aren't any big sellers at the moment (obviously that could change at any point). As regards this share being "over-bought", that's not really a valid comment. The point is that the company's outlook has dramatically improved with the latest trading update. Therefore the share price is re-rating upwards, to reflect this great improvement in outlook. Therefore I see this as a permanent re-rating, and likely to be a stair-step move upwards - i.e. with pullbacks & then trading sideways, as weak holders exit, and Instis accumulate, then another move up, etc. We often see that with growth companies. Value investors struggle to understand the valuation here, but they would, as value investors generally don't understand growth company investing, which is all about future potential, not PERs or divi yields. I do both value and growth investing, but a different approach is needed for each. By the way, there are a series of malicious posts about me on another thread from michaelmouse (who is usually more sensible). He's lying basically - I have not colluded with anyone on SOS. I bought my shares totally independently of anyone else, because my broker introduced me to the company pre-IPO. I'm a long-term holder, currently with over 2 million shares. So please ignore his jealousy-fuelled posts! If people don't like the valuation here, then don't buy the shares. Simples! Best wishes, Paul.
barnetpeter: "It remains early days for ASOS, but since house broker Seymour Pierce is forecasting a pre-tax profit of £400,000 in the current year, giving earnings of 0.6p, its 4p share price seems rather derisory, and should be higher" Sosandar might not increase 1750 times like ASOS but I reckon investors will be looking back in a couple of years and saying "why didnt I back that at 30 pence".
paulypilot: Just because some people don't understand why the share price is shooting up, doesn't mean that it's either wrong, or temporary. People naturally "anchor" to the previous prevailing share price before a big move up, but in this case the doubters simply haven't (yet) realised that the news from Sosandar last week was game-changing. In a nutshell, before the results statement last week, Sosandar was highly speculative. After the statement, we now know that the business model is working, and greatly exceeding forecast performance for this year. This is why the share price is shooting up, because investors are re-appraising the valuation, based on new numbers. If you crunch the numbers, the quarter ending 30 June 2018 delivered £851k in revenues (net of VAT and customer returns). With 73% quarter-on-quarter growth, you can extrapolate out that (at a declining growth rate, because 73% won't be maintained as the numbers get bigger) full year sales (year ending 31 March 2019) are likely to be something like £5-6m. The original forecast was £3.3m, so we're looking forward to a massive beat against forecast. This is driving the share price re-rating. It's not a speculative rise, or a pump & dump. The valuation is simply responding rationally to fantastic current trading & outlook. It's all about growth, and the market pays up for stellar growth, hence the re-rating going on now, on heavy volume too. If people want to ignore sector experts, and think they know best, then that's fine with me. I'm happy watching the money roll in every day as the share re-rates for the reasons given above. By the way, if you're rude to me here, I just block you. I haven't got time for unpleasant fools with nothing constructive to say. Life's much nicer when they're blocked. Let's stick to talking about Sosandar, and discussing the pros & cons, and leave the petty ad hominem attacks at the door. Regards, Paul.
paulypilot: Re TV coverage, Sosandar gets a lot of coverage on Loose Women, and other morning/lunch chat shows. When chatting to the CEOs at UK Investor Show, they mentioned that items which appear on TV typically receive a big surge in orders. One item sold out within 90 seconds of appearing on Loose Women, apparently! Re ORE - I take on board the comments above, from disgruntled holders. But given that it is only of historic interest, as Sosandar is effectively a new company, then I wonder if it might be better to have a separate board here for discussing the demise of ORE? It's not of any interest to the holders of Sosandar shares, who bought in for the eCommerce fashion business using ORE's cash shell. Also, I think the history of ORE should not unnecessarily taint SOS, as there is no operational link between the 2 companies' activities. Nice to see SOS continuing to power upwards today. The short term share price doesn't really matter, as this is a hold forever share for me. However, it does at least give comfort that other investors also see Sosandar's prospects as very bright. It will be interesting to see what Shore Capital say in their initiation note, which should be out fairly soon hopefully. What a pity they're not on Research Tree (yet). I've been nagging the company to explain to Shore Capital that PIs find it very difficult to get hold of broker research, after MiFID II messed up everything. Hence if brokers don't put their research on Research Tree, then most PIs simply won't see it. Given that it's PIs who create the liquidity and set the share price, then this is a glaring omission. Let's hope it gets fixed. Regards, Paul.
paulypilot: The posts about excessive Director remuneration seem to be referring to historic information, when the listing pertained to a cash shell, and previously a failed junior resource junk stock, Oregon Gold, then renamed Oregon plc I think. Sosandar is a clean operation, which just re-used the listing. Adam Reynolds reversed Sosandar into the listing, as I'm sure you all know. If you look at the table in note 6, from the Sosandar Annual Report for y/e 31 Mar 2018, it breaks down Director remuneration into the various parts. The second column is titled "2018 from 2 Nov 2017" - in other words, the period from the listing of Sosandar (first day of Sosandar dealings was 2 Nov 2017). The 5 months from 2 Nov 2017 to 31 Mar 2018 shows the following Director remuneration; Alison Hall £36,667 (£88k p.a.) - Joint CEO Julie Lavington £36,667 (£88k p.a.) - Joint CEO Nicholas Mustoe £12,500 (£30k p.a.) - NED Bill Murray £12,500 (£30k p.a.) - Adam Reynolds £25,000 (£60k p.a.) - Mark Collingbourne £12,500 (£30k p.a.) - Steven Metcalfe nil As you can see, these are perfectly reasonable, modest even, Director salaries under Sosandar's first 5 months as a listed company. Another Director, called Andrew Booth has since been added to the Board, as a NED, with specific & relevant experience in eCommerce and marketing. Therefore, it seems to me that the excessive remuneration shown in the other columns, relates to historic matters, before Sosandar, and also £500k of "fee shares" for engineering the reverse takeover. I think it's important not to muddy the water by confusing historic Director remuneration of a junior resource stock, with the much more sensible/modest ongoing remuneration currently happening under Sosandar. It would be a pity if jaundiced shareholders in ORE would miss out on a potential multibagger of SOS, simply because they're smarting from having lost their money in some rubbish junior resource stock. Sosandar is the real deal, in my view. Management is superb, and the recent trading update was superb - I calculated £851k revenues (which is net of VAT and customer returns) in the quarter-ended 30 June 2018. If you extrapolate out, with more sequential growth (especially in Q3 ending 31 Dec 2018 for the busy Xmas party season), and I think we could possibly be looking at full year (ending 3/2019) revenues of maybe as high as £5-6m. If I'm right about that, then this share is still very cheap. I think the share price should be nearer 50p at the moment, and 100p by the end of 2018, if this kind of stellar growth is maintained. Remember that the IPO plan was for only £3.3m revenues this year 03/2019. So the out-turn could be heading for getting on for double that - stupendous growth, albeit from a low base. Therefore, I think the business model is basically proven now. We just have to wait for more growth to be reported. This should also mean that cash reserves are probably adequate. Although a top-up placing at a much higher share price wouldn't bother me at all. On the basis of the above, I've recently increased my position size from 1m to 2m shares, as I think this has serious multibagger potential, taking a long-term view. That won't happen overnight, obviously, we have to be patient. I don't see this as a trading share - it's a hold forever one - providing the newsflow remains positive. My broker tells me that Shore Capital has institutional buyers who want to buy, but there are no loose blocks of stock available in any decent size. I wonder if Nigel Wray, and Miton Group might increase their position sizes? Other than those two, there are no institutional shareholders, and quite a fragmented shareholder base. So that could propel this share much higher, if Instis have to fight it out in the market to accumulate stock. A word of caution on valuation - the company has an unusually large share options scheme, with 18.4m additional shares under share options, at a strike price of 15.1p. These were granted at the IPO, and it was completely transparent - I had a conf call with management just before the IPO, and they volunteered this information. 16.8m of those share options are for the joint lady CEOs. The thinking being (of Adam Reynolds) that they needed to be super-incentivised, as they're driving the business, and their existing shareholdings of 5% each was not enough. I agree with him. So instead of using 106.8m shares in issue, we need to manually add another 18.4m in-the-money share options onto that, giving a fully diluted share count of 125.2m. Therefore at 28p per share, the market cap is £35m. That may seem a lot for an early stage company, but the market is pricing in (or starting to anyway) the stellar growth, and how the company should be a very much bigger concern in a few years' time (and profitable). Hope the above is helpful info. 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.
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.
Sosandar share price data is direct from the London Stock Exchange
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