Sosandar PLC  

Sosandar PLC (LSE: SOS) is an FTSE AIM All-Share index-listed company engaged in manufacturing and distributing clothes through online platforms.

Half Year Results (H1 FY24) (Released on 12 December 2023)

• Improved Financial Performance: The company reported the net revenue which increased by approx. 6.0% to GBP 22.2 mn in H1 FY24 as compared to the net revenue of GBP 21.0 mn in pcp, whereas the gross margins improved to 55.4% in the reported period (H1 FY24) versus the gross margins of 54.5% in pcp.
• Operations update: The company launched Global-e, a technology platform, which will help the company to transact and complete the orders at a global level covering almost all countries in the most cost effective way. Also, the mobile application of the company had approx. 70,000 downloads with a conversion rate of more than 10% of sales down through mobile web.
• Outlook: The management is optimistic as the net revenue for the month of October and November in 2023 was close to GBP 10.2 mn, which is 6% higher than the net revenue in the pcp. The company expects to open the first identified store in UK by Spring of 2024 and is working towards achieving the net revenue of GBP 100mn along with the gross margins of 10% in the medium term.

Share Price Chart  

Conclusion

Sosandar PLC (LSE: SOS) has been trading at the closing market price of GBX 14.75 (as of 12 January 2024).

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 12 January 2024.  The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and/or technical analysis taking into consideration both short-term and long-term scenario.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 6: Dividend Yield may vary as per the stock price movement.