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I'm in with a punt, NAV 20p, will be back above 20p in the next few days.
https://www.stockopedia.com/share-prices/mysale-LON:MYSL/news/mysale-group-plc-trading-update-urn:newsml:reuters.com:20181211:nRSK0796Ka/
This isnt helping their main market :
https://www.zerohedge.com/news/2018-12-10/australia-warned-prepare-severe-housing-collapse-and-banking-crisis
https://www.avalara.com/vatlive/en/vat-news/australia-gst-on-e-commerce-1-july-2018.html
Just came across this company. And see it's been falling like a lead balloon but still the results looks good....Anybody knows what's going on?
Reading the accounts looks to me like a placing is immenent does anyone have any info on this?
yes it looks like someone knows something....
this has halved since they announced year would be record
they are laying off staff in NZ and Malaysia
NZ general manager and Retail manager both gone
maybe not a bad thing
but odd to be trenching as you expect record growth
couple of retail outlets closed
Malaysia the hub for the business cutting costs
maybe its a good story on cost cutting
but the share price looks like someone knows some bad news thats not in the public domain yet
Glad I didn't buy when I last posted... halved since... HOWEVER... this IS impressive:
The group expects to report underlying EBITDA at least in line with the top end of market expectations of A$11.8 million (FY17: A$8.7 million). This performance, which represents a significant year-on-year increase in profitability, has been driven by revenue growth of 10%, to approximately A$295 million (FY17: A$268 million), combined with improvements in the gross margin.
Market is deciding, and the answer is no. Faked strength on the results and now selling off.
My opinion on Mysale: The market hasn't decided yet. https://uk.tradingview.com/chart/MYSL/LrtccgOa-Will-Mysale-head-higher/
Impressive results: Underlying EBITDA1 grew 80% to a record A$5.5 million (H1 FY17: A$3.0 million) � Gross Profit increased 19% to c. A$45.6 million (H1 FY17: A$38.4 million) � Gross Margin increased 200 bps to 30.1% (H1 FY17: 28.1%) � Revenue increased 11% to c. A$151.9 million (H1 FY17: A$136.7 million
Bravo :)
If you want to know how to analyse a success online retailer, then learn from the best. Boohoo in a prime example. Here are seven attributes that make it a well-loved company in the market. http://bit.ly/2pHW0Zf
29 November 2016 Annual General Meeting Update MySale Group plc (AIM: MYSL) (the "group") the leading online retailer, is pleased to provide an update ahead of its annual general meeting, to be held today, at which Iain McDonald, Non-Executive Chairman, will note; "The current financial year has started well with revenue growth rates similar to the second half of last year and with substantially enhanced gross profits. "We have continued to direct more of our marketing spend in the core ANZ market towards re-engagement with lapsed or inactive customers and this has been successful in reducing Cost Per Activation (CPA). We will continue to invest in our data and analytics capability over the remainder of the financial year and so would expect to drive further improvements in marketing efficiency. "With reference to market forecasts, at this relatively early stage we would anticipate a full-year out turn slightly above the top end of the current range of analysts' projections of $8.2 million to $8.5 million underlying EBITDA. "All that remains is for me to thank all those within the MySale Group for their efforts in returning the group to the positive pathway which it is on." Enquiries:
So looks like we have cleared a seller but still risen. Is there still some buying power left?
Really good set of results. All metrics looking strong and have good momentum. having read the complete releaase this morning I am impressed with their plans fro growth in each of their markets too. Financial highlights -- Revenue growth of 7% to A$252.3 million (2015: A$235.9 million) for the full year with an accelerating trend in H2 (+10%) -- Strong gross profit growth of 21%, driven by 300bp margin improvement to 26.4%, also accelerating through the year -- Performance building well in the target growth territories: o South-East Asia(1) 20% revenue growth; gross profit +117% o United Kingdom 139% revenue growth; gross profit +133% -- Total overheads reduced, in line with plan, to 24% of revenue (2015: 27%) -- Operational leverage driving underlying EBITDA(2) up to A$5.5 million (2015: EBITDA loss -A$9.5 million) -- Strong balance sheet with cash balance of A$34.0 million -- The good trading momentum has continued - performance above expectations so far in the current year Operational highlights -- Focus on improving gross margins and activating customers with higher lifetime-value o Average order value increased 20% to A$90 (2015: A$75) o Average revenue per active customer increased 9% to A$302 (2015: A$276) -- Further growth in mobile which now represents 58% of orders (2015: 56%) with over 6.7 million mobile apps downloaded -- Active customer numbers returned to growth in H2 -- Returns rate remains at industry leading levels of only 5% -- Increase in sales from own-buy inventory to circa 15% (2015: 10%) in-line with strategic plan to grow gross margin -- Technology improvements including; enhanced search functionality across the platform to drive customer engagement; and more efficient logistics to reduce unit costs -- Acquisition of an Australian online retail business was integrated prior to the year end and anticipated to drive marketplace revenues in current and future years. -- After the year end, a partnership with Sports Direct has been launched in Australia.
Let's hope Sir Philip does not need his money back quickly any time soon.
results for the year ended 30 June 2016 on Wednesday 28 September 2016. what are peoples expectations?
Given Sir Philip Green owns 25% of this & his eye for a shrewd investment., glad I followed suit with a nice short term gain. GLA
so there is someone else who is alive on here!! Are you involved here Max?
strong set of results. ahead of expectations! revenue and margin increasing a winning combo. 16p of cash on the books. -- Underlying EBITDA(1) expected to be above current market expectations at approximately A$5 million versus consensus market forecast of A$4.7 million -- Revenue increased by 7% to A$252 million (2015: A$235 million) for the full year following second half growth of 10%, also above current market expectations -- Revenue growth in all territories, but notable strength in the target growth markets UK (+140%) and Asia (+20%) -- Gross Profit increased 21% driven by a 300bp margin improvement, with growth of 26% in the second half -- Strong balance sheet with an increased cash balance of A$34 million (31 Dec 2015: A$30 million) and underlying cash position of A$43 million, representing c 16 pence per share
Does anyone know when the next trading update is? think they have released a July trading update in the past? was the end of year 30th June?
me too ukguy. but what? sharp move up in price with both institutional and director buying! I expected some news by now but it has not materialised. I do note that the last trading update had group revenues up 4%. but the second half started at +20%. now this online fashion business NEEDS throughput and raw revenue numbers to really get things going to benefit from scale etc. so many of their RNS state they have built a business for scale and have significant headroom. Now a 20% increase in sales will start to feed through quickly into profits. I am uber-bullish the next update. unless we hear something else (possibly bigger) first . . . . . .
In my opinion there seems to be something good happening behind the scenes.
Director buys and institutional buys. Is anyone else on here?