AO World has compelling long-term growth story, says Jefferies
The broker also said they saw the white goods retailer's current share price as “an attractive entry into a structural winner with a huge long-term growth runway”
Company
AO World PLC
LON:AO.
Re-defining retailing through a devotion to happiness and amazing customer service.AO isn’t a normal company. We like to push boundaries and do things differently.We’re on a mission to become a leading European online retailer of electrical products. We also want to change the world of retail and be at the forefront of online retail innovation.
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AO World plans investment to boost operations and gain market share
The online retailer has delivered strong results in the year to March
AO World claims 'step-change in profitability'
"The direction of travel is firmly with AO and the business model we have spent more than 20 years building," said John Roberts, the founder and CEO of AO World
New right to repair rules will save consumers £75 per year says government
Right to repair law will also see energy efficiency ratings tightened
AO World boasts strongest ever peak trading between Black Friday, Christmas
The online retailer has also incurred in higher costs but working from home trends are expected to remain a tailwind
AO World - back above 400p and back to being overvalued again?
After a fantastic year, the AO World share price has run into some profit taking.
AO World expects permanent change to market as it swings to interim profit
Founder and chief executive John Roberts said that online is now the dominant channel for customers and manufacturers
AO World forecasts revenue jump in first half as pandemic accelerates shift to online shopping
The electricals and white goods retailer said sales momentum in the UK continued throughout its second quarter despite the reopening of competitor outlets, indicating what it believes is a “lasting step change in online penetration”
AO World's sales soar as retailer cites structural shift in shopping
UK revenues in the four months to July 31, 2020, jumped by 58.9% to £401.3mln
AO World caps directors payout at £20mln in new staff bonus scheme
To hit the trigger would require the price to rise by 30% a year from here to 523p
AO World cautious over lockdown impact as shoppers switch online
“Covid-19 has accelerated a shift in customer behaviour towards online shopping and we now need to cement that change”
AO World rises as lockdown boosts demand for home electronics
In a trading update, the group said its market share had expanded since the lockdown came into force in late March
AO World closes Dutch business to focus on Germany
The online electrical retailer will retain presence in the UK, its main market, and Germany, where it is working on plans to generate £210mln annual revenue
AO World shares shrink to 'fair value' for ShoreCap after recent tumble
The broker upgraded its recommendation for AO to ‘hold’ from ‘sell’, having previously felt the retailer's share price was "too far ahead of events"
AO World remains in the red despite new mobiles addition
Losses lingered as AO struggled to make progress on European product margins and saw cost pressures from driver issues in Germany
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FTSE 100 closes up as Wall Street shares surge as Fed chair settles investor nerves
Fed chair Jerome Powell also settled nerves by saying that the central bank could cut interest rates if necessary
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Investors in AO World will be hoping all the bad news has already come out in the wash
The Day Ahead will otherwise be fairly quiet on the corporate news front, so attention will remain on President Trump's state visit and the latest UK construction PMI survey
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US jobs data, ECB policy decision to make for up meagre flow of corporate news in coming week
Asides from the macro news, the Week Ahead also brings the latest quarterly FTSE indexes reshuffle, a strategy update from insurer Aviva, and results from Auto Trader
AO World falters as it warns founder’s recent return will see it swing to a loss this year
John Roberts has restructured the management team, which, along with an onerous contract in Germany, will cost AO £2.5mln this year
AO World shocks with news founder John Roberts to resume CEO role as Steve Caunce steps down
The online electricals retailer said Caunce would remain involved in the business on a part-time basis, but had decided to take a step back for a better work-life balance