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Results: AO

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A surprise at AO World and management change at SIG plc

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.

Despite the share price rise today, I keep avoiding shares in AO World

I think it is fair to say there are not many fans of AO World (AO.) shares on this website, as a number of us (including myself) have written pieces highlighting the reasons to aggressively avoid shares in a company which struggles to make a profit and generate free cash. So, whilst the shares are still down over 80% since its 2014 IPO, why after another set of shabby numbers this morning are they up over 10% today as I write?


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.

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