kryptes
08 Jun 2017
Re: How's it shaping up in 2017? So unable to find anything good to say about your bullish position in AO World, you try to switch attention to another share you like a lot. Unfortunately, that too is a dog down from 400p to 72p in under 3 years and a share you agreed was going straight to 75p ten months ago, since when it has remained resolutely below that level.Do come back when you have a more relevant (and, if you can, a more intelligent) comment to add.
Ripley94
07 Jun 2017
Re: How's it shaping up in 2017? How you getting on with tung kryptes lol
kryptes
07 Jun 2017
Re: How's it shaping up in 2017? Ho ho ho.As Quest says "AO World continues to destroy value. Forecast cashflows do not support future capital deployment".Some people refuse to accept what is right in front of them. They will continue to lose money. And credibility.
TradedOption
06 Jun 2017
Re: sliced The main thing that has been "sliced" here is the value of the original investors capital.
Ripley94
06 Jun 2017
Re: sliced Topped @ 129.7 p 2/3/16 ( orchard gate ) 31/3/16. 1/4/16. ( kryptes )
kryptes
01 Apr 2017
Re: The Times Part 2 Time to come clean AO World can do a spin cycle like the best of them. So it’s a bid odd the famous online purveyor of washing machines refuses to answer a simple question: what were the fees on Thursday’s £50 million placing, the one at 132.5p per share, less than half 2014’s 285p float price. Back then the fees on a £60 million fundraiser came to an eye-watering £18.1 million.All AO’s saying now is that the latest cash-call was a “commercial deal within market norms” and at a mere 4 per cent discount to a share price, which went up: an answer spoilt a bit by the shares falling more than 4 per cent yesterday to 135p. Another question is what makes AO’s suppliers so nervous about a balance sheet, apparently with year-end cash of £27 million, that it’s had to raise any money at all. Hasn’t it paid them yet for the stuff it sold at Christmas?
kryptes
01 Apr 2017
The Times Part 1 AO’s got talent for rinsing investorsTop choice. AO World is “becoming headline sponsor to ITV’s Britain’s Got Talent”. And who could be more appropriate than the famous online washing machines seller? As it says itself, it “isn’t a normal company”, what with the way it likes to “push boundaries and do things differently”.But what, you ask, is AO’s greatest talent? Oh, that’s easy. It’s absolutely brilliant at taking the mickey, at least when it comes to looking after the shareholders. Take yesterday’s performance, expertly orchestrated by founder John Roberts and chief executive Stephen Caunce. They’ve just raised £50 million at 132½p, via a placing of 9 per cent of the shares, and all with the help of Jefferies, Numis and Rothschild. The shares rose 2 per cent to 141p, as AO related how the cash would allow it to “suitably capitalise the business”, all en route to becoming “the best electrical retailer in Europe”.Yet, not to be a killjoy, wasn’t this the same AO team that floated the business in March 2014 at more than twice the price? Then they raised £60 million at 285p, with £18.1 million getting creamed off in fees, partly to the same banking advisers, then also including JP Morgan Cazenove. Even better, Messrs Roberts and Caunce used the listing to turn themselves into proper fridge magnates: they sold a respective £106 million and £53 million of shares.Indeed, the only obvious winners so far from the AO float are the directors and their advisers, now in line for another spin on the fees front. Meantime investors get rinsed again and rather curiously, too, given AO had £32.4 million cash at the half-year and the scope to gear up. Mr Caunce says the motivation for the cash-call was “defence and attack”, a cushion against any post-Brexit consumer slowdown and extra readies for expansion in Germany and the Netherlands.Yet, the subtext is that AO’s burning cash quicker than hoped and that, despite the forecast 17 per cent sales growth to £700 million in the year to March 2017, profitability remains elusive. Indeed, even “adjusted ebitda” will be between only minus £2.4 million and zero. Here’s what Numis forecast for 2017 in November 2014: £39.1 million.True, one reason profits have failed to materialise is AO’s more aggressive push into Europe. And the duo seem to be working hard to build a business customers like, even if Mr Roberts relinquished the CEO job last month for a nebulous role as “founder, executive director”. Yet, he did once declare: “I don’t even look at the share price. I couldn’t give a [rhymes with hit].” It would be sad if that turned out to be his biggest talent.
Ripley94
01 Apr 2017
Re: "Sell", said The Times Last looked in here 1/04/1016 . Times Tempus gave good advise in hindsight to sell when price was up at 185p in January 2017.Placing Thursday 30th March 2017 @ 132.5p .Accelerated book build to raise £50 million Jefferies & Numis joint book runners.share price had dropped, a slow decline to 137p day before RNS approx.... 3.5 % discount.Shore Capital on news downgraded to sell ?Shame they did not do an OO to holders at same price .. others have in these circumstances says something.
kryptes
27 Mar 2017
How's it shaping up in 2017? Or shaping down.
II Editor
10 Feb 2017
NEW ARTICLE: FTSE 100 gears up for crack at record "Written: Thursday, 9th February 2017 - 23
3FTSE for Friday (FTSE:UKX)Our effort last week certainly merited a prized "smug gits" award and, hopefully, we can replicate the success on the 10th February.The immediate situation now suggests ..."[link]
II Editor
09 Feb 2017
NEW ARTICLE: Trends and Targets for 10/02/2017 " AO WORLD (LSE:AO.) & FTSE FOR FRIDAY (FTSE:UKX) This lot flagged up as potentially being interesting for an ISA. It transpired we'd written about them two months ago for another reason (Here's the link) but unsurprisingly, the share is still ..."[link]
spaceinvader2
12 Jan 2017
Short for 4 mths-has it turned down...... Hopefully back down under £1.50!!!!! Similar to Just Eat I just don't get the valuation
TradedOption
12 Jan 2017
Q3 Results Revenue growth starting to stall - down from 35% to 10% YOY.Still don't get the crazy valuation.
Spain Fund
09 Jan 2017
"Sell", said The Times From Digitallook:Should you want a new dishwasher, AO World may be a good option but it´s too soon to buy into the shares, The Times´s Tempus said.The online white goods seller had already taken 20% of its market and an update due on 12 January was likely to show strong growth.However, after a profit warning issued two years ago its shares were still standing at less than half where they were when they listed on the London Stock Exchange, in 2014.Despite that, the stock was still changing hands at more than 80 times' analysts profit estimates for 2018, Tempus added.Furthermore, how the firm accounted for warranty sales might be impacted by a new accounting rule, IFRS 15, set to come into effect that same year.Some analysts believed AO World was too aggressive in booking revenues from commissions selling third-party warranties. Instead of spreading them over the time horizon over which they were paid, everything was booked up-front."Sell", said The Times´s John Collingridge.
II Editor
13 Dec 2016
NEW ARTICLE: Trends and Targets for 14/12/2016 " AO World (LSE:AO.) This lot appear on the verge of becoming interesting. Currently, the share price needs close above 189.183p to confirm movement above BLUE and transit into price recovery territory. We'd be remiss, if we avoided mentioning ..."[link]
