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A surprise at AO World and management change at SIG plc

By Chris Bailey | Tuesday 10 January 2023


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


I was a bit surprised to read from AO World (AO.) today that “the Board now expects Adjusted EBITDA to be in a range of £30m to £40m for the full year, ahead of our previous guidance”. Congratulations to it, with (apparently) “the actions taken by the business to reduce costs and improve margins” helping push the shares up by 5% today as I write.
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