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

2021-04-15 11:38:52

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...

AO World (#AO.) – FY revenue +62%, “generated £60m of cash”

2021-04-15 07:56:02

AO World (#AO.) – Q3 YoY UK revenue +67.2%, Germany +77.4%, though also notes “significantly higher costs”

2021-01-19 07:31:18

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

2020-11-24 15:44:30

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...

AO World (#AO.) – H1 swing to profit on adj. revenue +58%, argues structural online shift

2020-11-24 07:29:37

AO World (#AO.) – H1 ended 30th September expects revenue “increase of c.57% YoY”

2020-10-15 07:37:05

Vanity not sanity still ruling at AO World?

2020-08-20 15:54:39

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'...

AO World (#AO.) – 4 months to end July yoy UK revenue +58.9%, Germany +91.5%, also notes ‘investments’ in capacity & capability

2020-08-20 07:24:19

AO World (#AO.) – updates including “increased demand and sales across all categories since the lockdown measures came into force”

2020-05-12 07:39:23

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

2019-11-19 13:30:37

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 World (#AO.) – H1 increased underlying loss, closure of Netherlands operation

2019-11-19 07:40:57

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

2019-06-04 16:10:56

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…

AO World (#AO.) – FY increased loss, notes tough UK market & Europe challenges

2019-06-04 07:40:26

AO World – full-year trading update argues “mindset shift”… but financial shift?

2019-04-04 02:50:34

Previously writing on online electrical retailer AO World (AO.), I noted in January “the board's expectations for the full year remain unchanged” – with it unhelpfully not included what expectations are! However, “challenging backdrop” is included and it all looks set for another meaningful full-year loss and cash burn. The shares are though currently at 127.5p, capitalising the company at more than £600 million! My stance remains sell. The shares closed yesterday at 97p – and today a “Trading Statement”…

AO World (#AO.) – FY adj. EBITDA “expected to be at the lower end of market expectations” & further exceptional costs

2019-04-03 23:48:32

AO World (#AO.) – CEO Steve Caunce “has decided to step down” with immediate effect, founder John Roberts re-appointed CEO

2019-01-31 00:53:26

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

2019-01-11 08:58:57

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”…

AO World (#AO.) – Q3 revenue +8.2%, FY expectations “remain unchanged”

2019-01-11 00:28:46

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

2018-11-20 08:40:11

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…

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

2018-11-09 08:57:42

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 World (#AO.) – agreement to acquire online mobile phones retailer Mobile Phones Direct for £32.5m

2018-11-09 00:30:27

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

2018-07-20 14:59:28

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…

AO World (#AO.) – Q1 UK revenue +8%, states “on track” but notes recent “weaker consumer demand”

2018-07-19 06:23:50

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

2018-04-06 07:56:22

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

AO World (#AO.) – FY revenue “slightly above” mid-point & adj. EBITDA loss expected around middle of range of expectations

2018-04-05 23:24:48

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

2018-01-11 08:27:25

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 World (#AO.) – Q3 update, expects FY within analysts' range but cautions uncertain UK economic outlook

2018-01-11 00:23:16

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

2017-07-21 02:50:44

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?...

#AO. World – “challenging” trading environment, presently expects FY results “to fall within the range” of expectations

2017-07-20 23:44:23

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

2017-06-07 08:10:57

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?...

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

2017-03-30 03:04:20

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 World (#AO.) – FY ‘expected to be in line with range of expectations’, £50m placing

2017-03-29 23:39:21

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

2017-02-23 04:30:24

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

2017-01-12 04:40:41

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. World – expects FY performance ‘within guidance’, though “mindful of the uncertain economic outlook”

2017-01-12 00:35:28

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

2016-11-23 01:23:06

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…

#AO. World – H1 adj. loss as continues investment, though reckons “on track”

2016-11-22 00:53:57

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

2016-07-21 06:50:47

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 World (#AO.) – Q1 UK revenue +25% (what about profit?), expectations “remain unchanged”

2016-07-20 23:35:12

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

2016-06-09 04:10:49

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...

Geoff Cooper to succeed Richard "Quindell" Rose as chair at overvalued #AO World

2016-06-08 00:16:39

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

2016-03-31 03:30:59

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 World (#AO) says will beat FY forecasts for year to March 31, rating still daft

2016-03-30 23:14:54

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

2016-03-03 05:05:50

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.

Richard "Quindell" Rose to walk as NE Chair of car crash in waiting #AO World

2016-03-03 00:43:44

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

2016-01-12 05:10:50

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…

AO World (#AO) - strong Q3 sales growth no mention of margins or cash

2016-01-12 00:27:52

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

2015-11-25 05:42:36

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…

AO World (#AO) - Trading update and to host capital markets day

2015-09-20 23:24:20

AO World – will the boardroom shuffling aid investors?

2015-08-05 05:40:55

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

2015-07-21 04:39:50

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…

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

2015-07-17 02:35:04

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. 

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

2015-07-04 03:06:20

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

2015-06-03 01:08:03

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? …

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

2015-06-02 23:54:49

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).

AO World – Another Omnishambles of an RNS

2015-03-16 08:20:07

Following a profits warning last month, shares in online retailer of major domestic appliances AO World (AO.) currently trade a further more than 7% lower, at 177.5p, on the back of an announcement of a significant sale of shares by its Chairman. With the company arguing the sale will “will help to further increase liquidity and the number of shares in public hands”, the following reviews…

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

2015-02-25 04:35:19

“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.

Joke IPO AO World (AO.) issues grim & garbled profits alert

2015-02-25 00:17:54

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

2015-01-12 05:27:28

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. 

AO World (#AO.) - says on track to meet FY forecasts

2015-01-12 01:58:51

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

2014-10-03 07:38:41

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.