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Bonkers valuations continue to puzzle this investment manager

28/10/2019 · boohoo.com plc (BOO)  · Sosandar PLC (SOS)  · Water Intelligence (WATR) 

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Chris Boxall of AIM specialist Fundamental Asset Management remains perplexed why investors continue to assign such high relative valuations to these two companies; is he missing something?


The start of the week has brought announcements from two previous winners of Investor's Champion's bonkers valuation awards. 

Online women's fashion brand Sosandar’s (LON:SOS) latest trading update saw the shares bounce 23% on the day, pushing the market capitalisation of this early stage business back to £32m. While the share price remains well below previous highs, and the news encouraging, the valuation still looks bonkers.

Sosandar expects to report a 53% increase in revenue to £2.82m for the six months to 30 September 2019 with September alone seeing 112% sales growth on the prior year and October’s sales surpassing £1m.

Having initially held back…

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