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Lack of any trading update is a bit concerning if you follow the rules to the letter .
Listing Rules. The key Listing Rules affecting business updates are in the box "Key UK Listing Rule obligations". In summary, issuers must notify without delay major new developments that may affect their business if the development may lead to a substantial share price movement. Issuers must also notify without delay information concerning a change in financial condition, performance or expectation of performance if the change would be likely to lead to a substantial share price movement.
Either way, it would be nice to get some news whatever it is.
I had also seen that.
Some might think it’s irrelevant , but I don’t.
Interesting to see they now sell cookware .
Hopefully we get a decent trading update in the near future to perk interest up a bit.
20,000 followers for Discount Dragons as of today; that is a near 70% growth in just the last three months. Impressive.
Full year financial results for HUD ought to be due in 5/6 weeks, I will be looking for an encouraging update on current trading.
Thanks for that.
At that run rate assuming average order value remains similar, then they are looking at £2.9 million revenue this quarter. 27265 times three months times average order of £35.96 equals £ 2941348
I actually think the daily purchase quantities have increased since then .
Compared to the previous quarter , it looks like they have increased sales by £1 million.
It’s a no brainier at the moment.
The fact that no one is interested presents a great opportunity to make decent money while the price languishes.
At some time punters will wake up.
Post-acquisition revenue of £1.5m (17 October - 31 December 2023)
· Q4 revenue increased 37.3% to £1.8m (Q3: £1.3m)
· Q4 orders placed increased 18.3% to 48.5k (Q3: 41.0k)
· Q4 Average order value (AOV) increased 15.9% to £35.96 (Q3: £31.03)
Sorry my last order up until day was 29/2
My last order was 29/02 16711 orders since then divided by 19 days = 879 per day x 31 days = 27265 for March at current run rate. Order value Unknown FYI
If you watched Higginson’s interview, he talked avidly about the large margins..
Perhaps he was overselling.
We shall see.
I agree, the number of followers and the growth in the number is a solid indicator of DD popularity, which is clearly growing strongly. My only concern is how profit/loss is going.
Facebook followers of Discount Dragon have shown an exponential rate of growth since Christmas.
Although there will be investors who consider this to be irrelevant, I would guess that it’s actually quite an important pointer as to the level of people interested in shopping on the site.
All good imo .
Yes think the new warehouse will be needed sooner rather than later. From my limited information of order numbers they seem to around 5000 per month off capacity of 30000
I forgot to add that on currently available clues, they are likely to be doing around £3 million sales per quarter , up from the 1.8 last stated.
Should see a profitable business quite quickly and it’s a great time to buy in on the cheap imo.
I expect they will sell that side of the business off so that they can focus on the growth of Discount Dragon.
Vodiac is a dead duck imo as they have not bothered to update it.
I have to confess to being quite negative when they took DD over, however the site actually looks very good and there are plenty of products at decent prices to choose from..
It appears that they are growing their customer base month by month and it will be very interesting to see the next set of figures.
I expect we may get an update on Lets Explore and Vodiac soon. Could they be spun off as a separate vehicle? No clues at present, other than the CEO wanting to make sales of these products a year round educational/entertainment business.
Virtual reality products are gaining in popularity, especially after Apple Vision Pro launch. There is a lot of potential in this part of the business.
Discount Dragon continues to perform well it seems. The fulfilment time in order processing is noticeably faster . The product offerings has broadened markedly and quarter over quarter growth in sales will surely look impressive. The question remains re the bottom line and the cost of sales.
Stripping away the sizeable cash position, the stock market valuation looks undemanding for HUD.
Shareholders being strategically robbed just as Velocys robbed everyone.
Historically, this share slumbers between news and makes decent gains when it arrives.
The remaining million in payment from the sale of Immotion is due this month, so the chances are that we will get confirmation of that, bundled in with some other positive spin in the very near future.
Did they sell off Immotion too cheap , or should they have sold at all ?
Findley had been serving as president of the Location-Based Entertainment division of Immotion Group since 2021 and as president of the company after it was taken private in March 2023. Since then, he has ensured the company’s further acceleration of growth, driving a 60% increase in revenue post-acquisition.
Actually, they did exactly that with Let’s explore.
I was tracking purchase numbers through both myself and mates.
Cost me a couple of hundred but I made quite a large profit off the back of knowing exactly how many they sold up to Christmas that year.
Schlum - keep schtum. I've done something similar for other companies in the past, but they changed to random numbers once it got out. That was the end of the edge.
Thanks for that.
That’s a very interesting metric .
Their Facebook followers have been going up by approx 1k a month .
I would guess that sometime over the month ahead, their will be some interest created with regards to the million getting paid , and we may get a positive update alongside.
Last 10 days of Jan approx 9000 orders. This is significant growth. Marketing costs and promotions will have increased costs. May soon be approaching capacity until new warehouse on stream.
Impressive.
Can you be kind enough to furnish us with some numbers please .
Order /revenue growth continues its uptrend through the end of Jan.
The new warehouse expansion may be needed sooner than anticipated.
I never like a change of broker it normally means something is in pipe. Good, bad or indifferent who knows. IMO of course.
They seem to get through brokers very quickly.
I like your style. Schlum.
Spend a bit to hopefully make a lot.