AO World (AO.)

Sector:

Retailers

Index:

FTSE 250

106.40p
   
  • Change Today:
      0.80p
  • 52 Week High: 115.80p
  • 52 Week Low: 77.95p
  • Currency: UK Pounds
  • Shares Issued: 578.57m
  • Volume: 180,032
  • Market Cap: £615.60m
  • RiskGrade: 268

Frasers Group takes 18.9% stake in AO World for £75m

By Frank Prenesti

Date: Monday 12 Jun 2023

LONDON (ShareCast) - (Sharecast News) - Mike Ashley's Frasers Group has said it had taken an 18.9% stake in online electrical retailer AO World for £75m.
The owner of Sports Direct, House of Fraser, Evans cycles and other retail fascias, said it bought 109.4 million shares at 68p each. Bolton-based AO World was founded in 2000 as Appliances Only by John Roberts, and is now the biggest seller of large domestic appliances in the UK.

"Frasers has long admired what John and the AO team have built, and we are delighted to have the opportunity to form a supportive, strategic partnership," said Frasers chief executve Michael Murray.

"The investment is the culmination of productive talks over the last two years about establishing a strategic partnership," AO World said in a statement.

Murray added that AO "is a fantastic business with a clear strategy which is leading the market in online-only electricals".

"Through this investment, Frasers will benefit from AO's valuable know-how in electricals and two-man delivery, helping us to drive growth in our bulk equipment and homeware ranges. In turn, AO will have the opportunity to benefit from Frasers' expertise and ecosystem."

Frasers bought most of the shares from Odey Asset Management, currently dealing with the departure of its founder Crispin Odey after allegations of sexual misconduct from multiple women, which he has denies.

Ashley's group is now the second-largest shareholder in AO, after Camelot Capital Partners, with a 20.4% stake and Roberts the third largest shareholder, at 18.3%. Odey Asset Management keeps a 5.2% holding.

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AO World Market Data

Currency UK Pounds
Share Price 106.40p
Change Today 0.80p
% Change 0.76 %
52 Week High 115.80p
52 Week Low 77.95p
Volume 180,032
Shares Issued 578.57m
Market Cap £615.60m
RiskGrade 268

AO World Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
36.18% below the market average36.18% below the market average36.18% below the market average36.18% below the market average36.18% below the market average
58.97% below the sector average58.97% below the sector average58.97% below the sector average58.97% below the sector average58.97% below the sector average
Price Trend
84.79% above the market average84.79% above the market average84.79% above the market average84.79% above the market average84.79% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income Not Available
Growth
30.43% below the market average30.43% below the market average30.43% below the market average30.43% below the market average30.43% below the market average
30% below the sector average30% below the sector average30% below the sector average30% below the sector average30% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 1
Sell 0
Strong Sell 1
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

AO World Dividends

No dividends found

Trades for 17-Jun-2024

Time Volume / Share Price
13:21 75 @ 106.40p
13:21 3 @ 106.40p
13:21 206 @ 106.40p
13:21 75 @ 106.20p
13:09 25 @ 106.20p

AO World Key Personnel

CEO John Roberts

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