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AO World: tries to reassure, but fails – keep shorting

Yesterday, there were press reports concerning third-party credit insurers: they had tightened their terms, which would lead to suppliers demanding cash sooner from AO World (AO.). Today, the company served to clarify the position, yet seems to have calmed few nerves, if any at all.

EPIC 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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