AO World (AO.)

Sector:

Retailers

Index:

FTSE 250

94.80p
   
  • Change Today:
    -1.20p
  • 52 Week High: 119.00p
  • 52 Week Low: 94.70p
  • Currency: UK Pounds
  • Shares Issued: 580.30m
  • Volume: 250,671
  • Market Cap: £550.13m
  • RiskGrade: 268

AO World buys IP rights of mobile phone retailer A1 Comms for £2.2m

By Michele Maatouk

Date: Thursday 15 Feb 2024

LONDON (ShareCast) - (Sharecast News) - AO World jumped on Thursday, having announced after the close of markets on Thursday that it had the bought intellectual property rights of mobile phone retailer A1 Comms from administration for £2.2m in cash.
The deal is mainly for the rights in and to the websites www.affordablemobiles.co.uk and www.buymobiles.net, as well as the Samsung url www.mobileshop.com.

"As AO seeks to expand its mobile proposition, the acquisition of the brands and platforms will provide AO with expertise and synergies that will accelerate this ambition," it said. "AO is also pleased to have saved 73 jobs through the transaction."

Broker Shore Capital, which rates AO at 'hold' said: "At first glance the acquisition appears sensible given the low valuation and lack of obligation to take ownership of stock/contract assets.

"Inferred from A1 Comms' revenue generation, the group drives good customer volume which could unlock central cost synergies when combined with AO's existing mobile business, www.mobilephonesdirect.co.uk."

At 0810 GMT, the shares were up 3.6% at 90.35p.

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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 94.80p
Change Today -1.20p
% Change -1.25 %
52 Week High 119.00p
52 Week Low 94.70p
Volume 250,671
Shares Issued 580.30m
Market Cap £550.13m
RiskGrade 268

AO World Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.34% below the market average77.34% below the market average77.34% below the market average77.34% below the market average77.34% below the market average
88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average
Price Trend
10.35% above the market average10.35% above the market average10.35% above the market average10.35% above the market average10.35% above the market average
38.89% above the sector average38.89% above the sector average38.89% above the sector average38.89% above the sector average38.89% above the sector average
Income Not Available
Growth
64.85% above the market average64.85% above the market average64.85% above the market average64.85% above the market average64.85% above the market average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average

What The Brokers Say

Strong Buy 3
Buy 2
Neutral 1
Sell 0
Strong Sell 1
Total 7
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 01-Apr-2025

Time Volume / Share Price
16:35 1,249 @ 94.80p
16:35 340 @ 94.80p
16:35 143,278 @ 94.80p
16:35 1 @ 94.80p
16:35 319 @ 94.80p

AO World Key Personnel

CEO John Roberts

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