kryptes
13 Jun 2018
sliced Oh dear, you never were the sharpest blade in the box, were you? I don’t send you messages, I post here same as you. You might want to revise your settings.# As for being childish, this from the man who likes to post fantasy trades to show he’s not as dumb as he appears, who denies saying things we can see in black and white before our eyes and who things he is scoring points by claiming posters who don’t share his views are actually also X or Y or Z or even a well known share blogger. Get a life.
Hugh Betcher
08 Jun 2018
sceptic Most of the national newspapers are negative about AO World, especially after even the company admitted its sponsorship of Britain's Got Talent was a failure.This article really puts the boot inAO’s spin cycleFor some people, ebitda is already adjusted enough. Not Steve Caunce, the fridge magnate running AO World. He likes the “alternative performance measure” of “adjusted ebitda”. And here’s how he defines that: “Profit before tax, depreciation, amortisation, profit on disposal of fixed assets net finance income [sic], ‘adjustments’ and exceptional items.”Yes, adjusted ebitda adjusted by “adjustments”. Three different sorts, too. There’s “set-up costs relating to overseas expansion namely strategic post go-live costs”. Then the £3.5 million for “exceptional Ltip awards which the board considers exceptional”. Plus £1.5 million for restructuring the “leadership team”.And guess what? Even after all that, AO still can’t make a full-year profit — not even an adjusted ebitda one. Those losses widened from £2.1 million to £3.4 million, while the pre-tax loss doubled to £13.5 million. Hardly the best return on £797 million of sales.Yes, AO’s present game is not profit but grabbing share of a €90 billion European electricals market. Yet, having floated at 285p in March 2014 on a ridiculous rating, it trades today at 162p. And how is an Ltip for managers below board level a one-off if it appeared last year and is back next? If AO wants to attract new investors, it should save the spin cycle for its washing machines.
Hugh Betcher
06 Jun 2018
Re: loss If it's true you said you averaged down at 181 (I've not checked) you must be sitting on or have crystallised a loss.
Ripley94
05 Jun 2018
lol Have not looked at for a wile see it went up to 190p in April/May .TW … aka .. krypes ( or whatever... hasn't been about )
TradedOption
05 Jun 2018
Re: one view The more they sell the more they lose.....
Hugh Betcher
05 Jun 2018
one view “The company is still unable to derive a profit despite the increase in sales. Losses widened year-on-year due to investment in European expansion and weak pricing in the UK.“The spend in Europe is another reminder that just because a retailer operates online it does not mean it is spared any costs of doing business. “Management are also cautious on the outlook amid strong competition and economic uncertainty.”AJ Bell
Ripley94
08 Apr 2018
Re: sliced RNS.... last last day of last week market liked it up 13%.Peel Hunt has it on value shares for 2018.Shorter's might be getting nervous.
II Editor
06 Apr 2018
NEW ARTICLE: Is Europe the answer for this retail laggard? "Apart from a brief honeymoon period following its over-subscribed flotation in 2014, LSE:AO.:AO World shares have been a tale of frustration for investors.They are currently near to a record low as the market struggles to buy into AO World's ..."[link]
TradedOption
06 Apr 2018
Latest Trading Statement UK growth starting to slow drastically. Comments about 4th quarter suggest growth was lower than the average for the year. Where's the EBITDA going to come from?
kryptes
31 Jan 2018
Re: sliced Yeah, yeah yeah LOL. From the guy who was "averaging down" at 181p
II Editor
24 Jan 2018
NEW ARTICLE: Chart breakout signals recovery is on for this stock "AO World (LSE:AO.)Perhaps there's a link between LSE:AO.:AO World's share price and their truly irritating advertising jingle. A link, as in, now the advert is no longer on TV, the company share price is starting to make some interesting ..."[link]
II Editor
23 Jan 2018
NEW ARTICLE: Trends and Targets for 24/01/2018 " AO WORLD (LSE:AO.) Perhaps there's a link between this lots share price and their truly irritating advertising jingle. A link, as in, now the advert is no longer on TV, the company share price is starting to make some interesting movement! ..."[link]
Ripley94
11 Jan 2018
Re: sliced That looks a good buy now @ today's rise to 140p 7 months on ..lolWhere are those smart guys , ( I'm sure they are to be honest... they just are not )
kryptes
20 Nov 2017
Re: Sunday Times What the article fails to highlight is that the margin on selling white boxes is almost nil, so AO will never make a profit just selling appliances. Instead it has tried to do so by selling expensive insurance policies (and refuses to disclose a revenue split between appliance sales and insurance products, which should set alarm bells ringing for investors).I'm pretty certain that this company will eventually go under.
kryptes
19 Nov 2017
Sunday Times Investing in AO World has not been for the faint-hearted. Even AO itself, which will deliver a washing machine, laptop or electric kettle to your door at the click of a mouse, declares on its website: “AO isn’t a normal company.”It thinks of itself as a British answer to Amazon that is “redefining retailing through a devotion to happiness and amazing customer service”.It is, perhaps, possible to excuse the Bolton-based AO World for sounding more like a Californian cult than an online retailer of prosaic items such as toasters and tumble driers. But investors may find it rather less easy to forgive the company for its showing since its stock market debut in February 2014.The shares were floated at 285p. Then led by no-nonsense founder and chief executive John Roberts, AO somehow achieved a valuation rarely seen since the little-lamented days of the late-Nineties dotcom boom. The shares jumped by a third on their first day of trading. But since that initial flurry of excitement, the tale of AO has been rather less uplifting.A “devotion to happiness”? Well, maybe. But shareholders have had little to feel happy about. A series of profit warnings and disappointments have seen AO World’s share price lumber steadily downhill. The shares closed on Friday at just 114p.This week, AO World publishes first-half figures. And despite having been able to scrutinise AO World for 3½ years as a quoted company, analysts are still struggling to find a consensus: is this a company on the cusp of being able, finally, to fulfil the promise it appeared to show back in 2014; or are the problems it has faced so fundamental and enduring that it will continue to struggle?The shares may have lost more than 60% of their value, but, as the old maxim goes, successful investors don’t navigate by looking in the rear-view mirror. In which direction is AO World now heading?view on AO World last week in a lengthy investment note. “We believe the market has an eye on the short term and on where AO is rather than where AO will be,” he wrote. His upbeat conclusion was that the company’s push into continental Europe will yield market share gains and improvements in margins. No one expects the company to be profitable at the pre-tax level for a while. But, predicts Lockyer, by 2019/20, AO should finally be in the black. He reckons that AO’s German operations will be profitable the 2020; the Netherlands should follow in 2021 and that will allow AO to move into France and Belgium shortly afterwards. In short, the only way is up.But AO’s detractors point out that this cheery view is founded on bold assumptions about the future. What about the here and now?At the moment, AO is predominantly a British business. In its last financial year, no less than 90% of sales were in the UK. Furthermore, the experience so far in Europe has not been entirely happy.At the time of the share offer in 2014, much play was made of the potential of the European market: indeed, that underpinned the argument for raising money from outside shareholders. But in its first full year of trading, losses in Europe were 10 times as high as predicted — and the share price dived. And look at the situation in AO’s home market. Last July, chairman Geoff Cooper said “the UK trading environment remains challenging”, with the market for big domestic appliances actually shrinking.Greg Lawless of broker Shore Capital said this weekend: “The fact is, UK consumer confidence is fragile. Unless people desperately need a new washing machine or vacuum cleaner, they could be reluctant to buy.“In computing, Dixons Carphone are finding life pretty tough. And over the past few weeks, the figures from John Lewis have shown electricals sales falling. There is a risk that AO could miss its targets by the year-end.”AO may eventually make good its devotion to happiness. In the meantime, investors remain sceptical. They have suffered too much discomfort.
