Keyword results: AO World

AO
AO
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After eight years of struggle, AO World shouts auf wiedersehen to Germany

It was about six weeks ago when I last called AO World (AO.) “comedy” and the reasons for not investing into (as per its website this morning) the ‘largest online-only white goods and electricals retailer in the UK…we also operate in Germany’ continue. AO…let’s continue not to invest (despite the near 71% fall of its share price over the last year).

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Bearcast
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Tom Winnifrith Bearcast - another feckin Inset day and the Mrs is away at a conference watching cats on the internet

Cue a rant on teachers and other public sector workers! I then discuss ADVFN (AFN); Mkango Resources (MKA); Parsley Box (MEAL); McColls (MCLS); Sensyne (SENS); Petropavlovsk (POG); and Vast Resources (VAST). Then, I look in detail at Nightcap (NGHT) and AO World (AO.)

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AO
AO
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Good news for Reckitt and SIG shareholders….and more comedy at AO World

Another busy Friday on the markets.  It is all good fun especially with regard to my holdings in Reckitt (RKT) and SIG (SHI) shares both of which produced positive updates.  So a quick appraisal of the good news first…and then I will move onto the continued comedy at AO World (AO.).

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AO
AO
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Thursday fear and fun (via the fine offices of easyJet, AO World, Headlam and Fever-Tree)

It is another manic Thursday with plenty of global market news and volatility to enjoy. Obviously I completely love it. In terms of the UK there are about ten different names I could write about today, but I will just leave it to four. After all yesterday I loved-up easyJet (EZJ) already and today’s first quarter numbers hit nearly 12 million passengers, nearly four times the level a year ago.

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If you see Currys shares at or below 100p … then buy them!

About a month ago (here) I wrote about Currys (CURY), observing that ‘if I see the stock below a quid then I will probably buy some’.  Back then the stock was between 110-115p and today it is more like 107p.  So what did today’s ‘trading update for 10 weeks ended 8 January 2022’ say?

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Currys…lots of worries?

If I was even more of a sad sack than I actually am, I would find on the internet one of those ‘Currys…no worries’ adverts that used to try to convince you to buy some new tech, lounge or kitchen product. However, judging by today’s 10% fall in the Currys (CURY) share price, taking it back to the c. 110p level it was at a year ago, I would say ‘Currys…lots of worries’ would be more apt.

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Bearcast
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Tom Winnifrith Bearcast: Matthew's Dog's going to love this recording from a day of triumph: ouzos all round

The triumphs for me are Globo (GBOwhere the man who should know recognises my unique work and puts the FT’s snot gobbler in his place as the FCA swoop and SpectrumX and some real Tory sleaze exposed as it goes bust as advisers say its IPO is on track.  Then I look at AO World (AO.) where almost all the writers here are vindicated and deserve an ouzo tonight (sparkling water for puritan Chris), and Harland & Wolff (HARL) – ouzo for Peter Brailey, cabbage water for Andrew Monk. Finally a few words on the lastest spoof from the fraud Supply@ME Capital (SYME).

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AO
AO
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AO World – a lockdown winner… but now to be a share price loser?

Previously writing on online electricals retailer AO World (AO.), in November with the shares around 390p I concluded a lockdown winner, but the valuation much too high on what can be reasonably expected currently from here. Today a trading update… and the shares currently at 323p…

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AO
AO
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AO World – a lockdown winner… but can the outlook from here justify the valuation?

Another day of FTSE gains and online electrical retailer AO World (AO.) has announced results for its half-year ended 30th September 2020, emphasising “the results we’re announcing today give huge confidence that our business is well set for the future to cement the changes”. The shares have currently responded, er, around 7% lower to about 390p…

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Newsboy
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Domino's, AO World and the Wild West of online profitability interpretation

As investors, we are told to embrace structural shifts and regime changes because if you are early spotting something, then let the good times roll in terms of share price valuation and associated portfolio prowess. In this most strange of years, we clearly have had five years of e-commerce shifts (as the comedy rent collection numbers from Hammerson (HMSO) for the last few quarters show). So for two businesses that are currently c. 95% and 100% online sales-centred, everything should be great, right? Well if you look at the share price movements of Domino’s Pizza (DOM) and AO World (AO.) today, you would be excused for asking what on earth was going on, with shares in the former down over 10% and shares in the latter up over 10%, supplementing a massive year-to-date performance (particularly focused in the last five months). Let’s start with Domino’s…

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AO
AO
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Vanity not sanity still ruling at AO World?

Was my last article on AO World (AO.) really all the way back in March 2017 as per here? Back then it was kicking around a 140p share price and kindly lost two thirds of this over the subsequent three years. Back then I bemoaned the renamed Appliances Online’s inability to understand that ‘in the world of retail revenues are vanity whilst profits are a matter of opinion (but better to have than not) whilst cash flow is sanity’, asking to be woken up when ‘the company starts talking about generating cash and proper profits’…

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AO
AO

AO World – UK business “world class” & Europe “some challenges”!? Er…

UK and Europe online electrical retailer AO World (AO.) has announced results for its half-year ended 30th September 2019, emphasising “pleased with the operational progress that we have made in this period… on track with our plans for sustainable growth” – and the shares have currently responded higher, towards 65p…

AO
AO

AO World – “more excited than ever about the future”. Hmmm…

Online electrical retailer AO World (AO.) has announced results for its year ended 31 March 2019, commencing by emphasising; “Continued revenue growth in both the UK and Europe with total revenue for the period increasing by 13.3% to £902.5m”. The shares have responded, er… further lower towards 100p…

Bearcast
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Tom Winnifrith Bearcast: The curse of loathsome ex Tory MP Tony Baldry is striking again

In bearcast i raise unanswered questions about Westminster Group (WSG) run by smug lardarse Tony Baldry and ask how soon the next bailout placing will be and at what price. I look again at the most overvalued & over-ramped stock on AIM, Bidstack (BIDS), at BlueJay Mining (JAY) and at AO World (AO) and Purplebricks (PURP) two companies that boost profits by ripping off customers.

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AO
AO

AO World – trading update, does “revenue up by 8.2%” really justify a £600m+ market cap here?

Having questioned on November half-year results from online electrical retailer AO World (AO.), can the high growth company rating really be justified?, today a “Trading Update”

Bearcast
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Tom Winnifrith Bearcast: Two cracking shorts for 2019 from Shy Bear

I am shortly off to stay with my mother in law in the Grim North for a couple of days. Joy to the world! I am made angry by Wishbone Gold (WSBN) and Turner Pope and comment on that. I look also at Totally (TLY), Range Resources (RRL), AO World (AO.), Pantheon Resources (PANR), Plant Health Care (PHC), BCA Marketplace (BCA) and ASOS (ASC).

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This Week’s Tip Activity: Barratt Developments, AO World and Mitie Group

Just under 200 UK companies have been tipped by 16 brokers and 26 professional tipsters tracked by Stockomendation during the last seven days. Overall tip sentiment was positive for a majority of tipped companies (70%), and negative for a small minority (10%). In this week’s issue, we highlight the most frequently tipped company, as well as those firms with the highest consensus positive and negative ratings.

AO
AO
PREMIUM CONTENT

AO World – interims argue “remain confident”… but can the high growth company rating really be justified?

Online electrical retailer AO World (AO.) has announced results for its half-year ended 30th September 2018, emphasising “continued revenue growth with total revenue for the period increasing by 9.9% to £404.2m (2017: £368.0m) and “remain confident of achieving long-term sustainable growth across the group”. The shares have responded, er... currently more than 5% further lower, below 120p. Hmmm…

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Bearcast
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Tom Winnifrith Bearcast: Three reasons to be fecking angry today

Number one is Amazon (again). Number two is Barclays Bank (BARC) again! And the third is explained HERE. Elswhere I explain what it means when I am made an insider and how I have to behave. I look at the bitcoin bloodbath and in that vein at Argo Blockchain (ARGO), Vela (VELA) and the Clem'Chambers spoof Online Blockchain (OBC). I cover Falanx (FLX), Photonstar Led (PSL) and AO World (AO).

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AO
AO

AO World – acquisition it argues is “a significant step forward in our strategy”… so why a 7%+ share price decline?

An announcement from AO World (AO.) that it is “to acquire Mobile Phones Direct”, with AO CEO Steve Caunce arguing “this deal represents a significant step forward in our strategy of developing our growing range of online electricals and adding new complementary categories that customers want and expect from AO”. The shares have responded… currently more than 7% lower, to around 125p. Hmmm…

AO
AO

AO World – “expectations for the full year remain unchanged”, but reason for concern?

Previously writing on online electrical retailer AO World (AO.), I noted a trading statement argues progress but questioned the valuation. The shares have since risen to 180p before falling back somewhat - and are currently at 145p on the back of an AGM trading update…

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AO

AO World – trading statement argues progress, but what of the valuation?

Online electrical retailer AO World (AO.) has updated on its year ended 31st March 2018 – this update with a range of analysts' expectations provided

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AO

AO World – “pleased” with the revenue growth, but why not provide the range of analysts' expectations?

CEO of online electrical retailer AO World (AO.), Steve Caunce, is “particularly pleased with the double digit sales growth in our UK business” and “pleased with the strong growth achieved” in Europe. Hmmm, what about the bottom-line and outlook though?...

AO
AO

AO World – following continued recent shares slide, does an “AGM and Trading Statement” help?

Shares in AO World (AO.) haven’t even nearly recovered to levels prior to a profit warning in 2015 – and indeed have recently been sliding further. Does an “AGM and Trading Statement” announcement today help?...

EVE
EVE

Eve Sleep – Is this a Boohoo or an AO World? Tough call but it’s not a Boohoo

Thought I’d write a few sleep-related pieces today and am starting with initiating coverage on the mattress e-tailer, Eve Sleep (EVE). The company joined AIM in May raising £35 million and there is a lot to like about the business, but is it really worth over £130 million?

AO
AO

AO World – AO, Oh no! (again)… full-year results see CEO argue “great progress”, but detail suggests otherwise

Results for its year ended 31st March 2017 from UK and Europe online electrical retailer AO World (AO.) see its CEO Steve Caunce emphasising “it's been another year of great progress for AO”. Hmmm, why a significant share price decline then, Steve?...

AO
AO

More ‘good’ news at AO World: £0 ebitda AND a money raising…

In an early 2015 ShareProphets article I observed that AO World (AO.), the self-styled ‘leading European online retailer of electrical products’was an overpriced hope stock. Roll forward, via a series of critical articles on this website from a number of writers, we have a much lower share price.

AO
AO

AO World – claims ‘delight’ at directorate change, so why announced at ‘no-one watching o’clock’?

Yesterday saw an attempted ‘no-one watching o’clock’ (4:36pm) “Directorate Change” announcement from AO World (AO.). The following reviews with the shares currently more than 3% lower today, below 150p…

AO
AO

AO World – argues “Continued Growth and Strategic Progress”, BUT…

UK and Europe online electrical retailer, AO World (AO.) headlines a trading update for the quarter to 31st December “Continued Growth and Strategic Progress”, though the shares are currently approaching 8% lower, at 170p, in response. Hmmm…

AO
AO

AO World – half-year results argue “a great start to the year”, market response sceptical…

UK and Europe online electrical retailer, AO World (AO.) has announced results for the six months ended 30th September 2016 emphasising “a great start to the year, with group revenue and profits growing well as we continue to deliver on our long-term strategy”. The shares are though little changed at 168.5p…

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AO

AO World – shares ahead on Q1 trading statement. Hmmm…

Having long been bearish, I note shares in online electrical retailer AO World (AO.) are currently more than 10% higher today, at 148p, on the back of an AGM (and first quarter) trading statement. Let’s take a look…

AO
AO

AO World – full-year results, do the numbers reflect “deliver(ing) huge benefits to the business”?

Online electrical retailer AO World (AO.) has announced results including that “the consistent focus we place on delivering amazing customer service along with the investment we have been making in our brand continues to deliver huge benefits to the business” and that “trading in the current financial year has started well”. The shares though are now down 6%, to 157p, on the back of the announcement. Hmmm, let’s take a look...

AO
AO

AO World – Q4 “Trading Statement”, with a focus on ‘adjusted EBITDA’ (natch)...

Online retailer of major domestic appliances, AO World (AO.) has updated that its “UK business performed strongly during the fourth quarter with revenue and EBITDA ahead of our expectations” and that also “European adjusted EBITDA for the full year will be slightly better than expected”. This has helped the shares currently more than 5% higher to 182p - but wait, they were over 300p little more than a year ago. Hmmm...

AO
AO

AO World – A O, now it’s the Chairman to go...

Domestic appliances online retailer, AO World (AO.) has announced that Chairman Richard "Quindell" Rose “has announced his intention to step down from the board once a successor has been appointed”, with Rose noting “the long-term strategy we set out at the time of our IPO is firmly on track and I feel now is the right time for me to move on”. Hmmm.

AO
AO

AO World – AO, Oh no… “3rd Quarter Results” announcement with no detail on profit or cash…

Domestic appliances online retailer, AO World (AO.) purportedly announces “3rd Quarter Results”, though there is no specific detail on profit or cash! Instead, the company notes that UK revenue was up by 24% and that “we remain confident that we will deliver for the benefit of both our customers and our investors and remain on track to deliver our long term strategy”. Hmmm…

Bear

Video: Tom Winnifrith, Lucian Miers, Matt Earl and Graham Neary 8 stocks going to Zero from Gold & Bears

This was one of the sparkiest sessions at Gold & Bears and I loved it. Each of myself, the bard of the Boleyn (Lucian Miers), the Dark Destroyer (Matt Earl) and Baby Bear (Graham Neary) selelected two stocks we thought were going to zero and explained why. They were: Fastjet (FJET), AO World (AO), Gulf Keystone (GKP), Slater & Gordon (SGH), Avanti Communications (AVN), Plus500 (PLUS), Tungsten (TUNG) and - bugger me - I can't remember Matt's other pick. Watch the video to find out, its a stormer.

AO
AO

AO World – CEO reckons interim results represent “good progress”, he’s havin’ a bubble…

Domestic appliances online retailer, AO World (AO.) has announced results for its half year ended 30th September 2015 and reckons “we are encouraged by the momentum in the business as we enter our peak trading period and have never been more excited about our future prospects”. The shares responded by falling by more than 14% to 140p. Hmmm…

Zak Mir's Great Request Show: AO World, Northern Bear, Red24

If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares in AO World (AO.), Northern Bear (NTBR), Red24 (REDT) and set share price targets for all three

AO
AO

AO World – will the boardroom shuffling aid investors?

Since I previously wrote HERE, AO World (AO.) has announced “with the financial reporting and corporate governance requirements of a public company and the increasing scale and complexity of AO's operations, the board has decided it is now appropriate for the COO/CFO role to be separated”

AO
AO

AO World – AO, Let’s go… deliver a half-baked update to the market

Online electricals retailer AO World (AO.) has updated with an “AGM and Interim Management Statement”. An update on profit and cash generation progress then, Er…

AVN
AVN

Resisting the Temptation to Gloat. Who is Next? Avanti Communications?

I am not a great one for gloating, but as I head off for the summer holiday, it is with a certain satisfaction that I note that four of the stocks that I have covered extensively here over the last year are currently suspended.

AO
AO

Zak Mir's Bear Call Of The Day: AO World: Sub 100p Target Despite Oversold State

It really has been a miserable time of late for shares of AO World, something which is said in the wake of a massive unfilled gap to the downside in February, a phenomena that faded both the 50 day and the 200 day moving averages, now at 155p and 206p respectively. 

AO
AO

Zak Mir's Bear Call Of The Day: AO World: Deeply Oversold, But Still Under Pressure

Although there may have been plenty of gloom over such mega bearish influences as Greece and the prospect of a rising interest rates on both sides of the Atlantic, the surprise over the course of 2014 and 2015 is that there have not been that many reliable shorting situations. 

AO
AO

AO World – full-year results, cutting through the Abundant Obliqueness...

Online electricals retailer AO World (AO.) has announced results for its year ended 31st March 2015 including an emboldened statement that “the group has delivered significant growth in UK sales and UK Adjusted EBITDA over the year whilst also delivering significant strategic progress; broadening its product range, with the introduction on AO.com of audio-visual equipment and expanding internationally with the successful launch of AO.de in Germany”. A focus on “strategic progress”, sales and adjusted EBITDA, rather than real profitability and cash generation then. Red flags ahoy? …

AO
AO

Zak Mir's Great Request Show: AO World, Green Dragon Gas, PureCircle

If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at AO World (AO), Green Dragon (GDG), PureCircle (PURE).

IMG
IMG

Changes in disclosable net short positions - week to 17/04/2015

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details changes to net short positions in the last week (red if short increased, green if reduced)...

PFC
PFC

Changes in disclosable net short positions - week to 02/04/2015

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details changes to net short positions in the last week (red if short increased, green if reduced)...

Bearcast

Tom Winnifrith Bearcast 25 February

Sorry for late filing, a combination of Greek telecoms and several calls on the dynamite story referred to in the podcast. Today I cover Coms, Quindell, Gulf Keystone, AO World, Ithaca, Driver and the dog Sareum.

Listen to the Bearcast:
AO
AO

AO World plc – profit warning provides further evidence that heavyweight bear interest is worth listening to

“We continue to redefine retailing in our chosen categories with unbeatable prices, huge range and availability, complemented by amazing service.” So says AO World (AO.) CEO John Roberts today. Shareholders might not be so confident – the statement appearing after a warning that “the company expects growth in revenue and adjusted EBITDA for the UK business for the current quarter to be lower than anticipated” and that next year’s performance is also expected to be impacted.

AFR
AFR

Changes in disclosable net short positions - to 26/01/2015

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details changes to net short positions (red if short increased, green if reduced) since a previous analysis HERE...

AO
AO

AO World = An Opportunity Which Only Really Looks Disastrous (for shareholders)

Tom W has already mentioned a certain Mr Rose earlier today but it is another one of his chairmanship that particularly interests me today and that is at AO World (AO.). I looked at the self-styled ‘leading European online retailer of electrical products’ a few weeks ago and concluded that it would ultimately prove to be a car crash for investors based on an excitable valuation today in a sector with growth but ultimately wafer-thin margins and a high level of competition. 

Recent IPO smackdown: Zoopla vs AO World

Who remembers back to the IPO frenzy of earlier this year?  A time when almost anything seemed possible and, if it was in a reasonable state of readiness, was floated by those oh-so-helpful investment banks. I was reminded of two names earlier today due to the publication of their results.  Zoopla (ZPLA) is the group behind a number of property websites whilst AO World (AO.) apparently is ‘on a mission to become a leading European online retailer of electrical products’ (as per its corporate website).  Both were floated earlier this year and both are nicely below their initial list price.

AO
AO

AO World is a joke and a sell and a lesson for our times

When, in the not too distant future, learned books and articles appear discussing the crazy climate at the top of the bull market which started in March 2009, there will be various iconic examples greed and folly at the peak in 2014.

QPP
QPP

Paul Scott’s Red Flag Spreadsheet

This is a truly brilliant spreadsheet from Paul Scott, the person I rate as the UK’s top share blogger and an all-round nice guy to boot.  In saying all round this is not a reference to his figure although….  Paul does not write for this site and is fiercely independent in his views but he has graciously allowed me to publish this anyway. And so especially for followers of Quindell (QPP), Globo (GBO), Outsourcery (OUT) and a good few others…

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