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Mysale CFO exits as annual loss deepens

Tue, 09th Oct 2018 08:50

(Sharecast News) - Shares in online retailer Mysale Group slumped on Tuesday after the company reported a deepened loss before tax alongside the resignation of chief financial officer Andrew Dingle.Dingle, who guided the company through its initial public offering in 2014, steps down from the board with immediate effect and will leave Mysale at the end of October to pursue other opportunities.Group financial controller Maarit Piisila will take on Dingle's responsibilities during a handover period lasting until Dingle's exit.Meanwhile, for the year ended 30 June the company registered a loss before tax of AU$1.7m, 9% increase in loss over the year before, after being slapped with a AU$1.4m charge relating to the purchase of Identity Direct, a personalised book retailer in Australia and New Zealand.Excluding one-off costs, the company achieved pre-tax profit of AU$4.9m, up by 50% from the previous year, as a result of a 9% increase in revenue to AU$292.2m and another 9% in active customer base to 1m, following strong merchandising.Carl Jackson, chief executive of Mysale, said: ''We are very pleased to deliver another set of record results, with significant increases in both our sales and profit performance for the year, demonstrating the strategic progress we have made to harness our technology platform, increase customer engagement and drive growth."Average order values, basket size and order frequency have also grown, as has the AIM traded company's mobile platform, through which the majority of orders were placed.With Mysale's online platform "strengthened" and the company's peak trading period still ahead, the board expects underlying EBITDA for the year to fall in line with market expectations.Mysale's shares were down 15.18% at 41.90p at 0856 BST.
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7 Nov 2022 15:54

UK earnings, trading statements calendar - next 7 days

Tuesday 8 November 
3i Infrastructure PLCHalf Year Results
Argentex Group PLCHalf Year Results
Associated British Foods PLCFull Year Results
Aveva Group PLCHalf Year Results
Beximco Pharmaceuticals LtdFull Year Results
CNH Industrial NVQ3 Results
Coca-Cola HBC AGTrading Statement
DCC PLCHalf Year Results
Direct Line Insurance Group PLCTrading Statement
Egdon Resources PLCFull Year Results
Hilton Food Group PLCTrading Statement
IMI PLCTrading Statement
Marks Electrical Group PLCHalf Year Results
Oxford Instruments PLCHalf Year Results
Persimmon PLCTrading Statement
Vaalco Energy Inc Q3 Results
Warehouse REIT PLCHalf Year Results
YouGov PLCFull Year Results
Zoo Digital Group PLCHalf Year Results
Wednesday 9 November 
Aviva PLCTrading Statement
Bank of Ireland Group PLCTrading Statement
Biffa PLCHalf Year Results
Conduit Holdings LtdTrading Statement
Dignity PLCTrading Statement
Esken LtdHalf Year Results
FirstGroup PLCHalf Year Results
Flutter Entertainment PLCTrading Statement
Gelion PLCFull Year Results
Georgia Capital PLCQ3 Results
Gym Group PLCTrading Statement
JD Wetherspoon PLCTrading Statement
ITV PLCTrading Statement
Marks & Spencer Group PLCHalf Year Results
MaxCyte IncQ3 Results
Norcros PLCHalf Year Results
Picton Property Income LtdHalf Year Results
Smiths Group PLCTrading Statement
Smiths News PLCFull Year Results
Taylor Wimpey PLCTrading Statement
Tracsis PLCFull Year Results
Volex PLCHalf Year Results
Watches of Switzerland Group PLCHalf Year Results
Thursday 10 November 
3i Group PLCHalf Year Results
Allianz Technology Trust PLCQ3 Results
AstraZeneca PLCQ3 Results
Auto Trader Group PLCHalf Year Results
B&M European Value Retail SAHalf Year Results
Bank of Georgia Group PLCQ3 Results
ConvaTec Group PLCTrading Statement
Domino's Pizza Group PLCTrading Statement
Endeavour Mining PLCQ3 Results
Grafton Group PLCTrading Statement
Haleon PLCQ3 Results
Manolete Partners PLCHalf Year Results
National Grid PLCHalf Year Results
Nightcap PLCFull Year Results
Qinetiq Group PLCHalf Year Results
Regional REIT LtdTrading Statement
Renewi PLCHalf Year Results
Spirent Communications PLCTrading Statement
Smoove PLCHalf Year Results
Tate & Lyle PLCHalf Year Results
TT Electronics PLCTrading Statement
Vistry Group PLCTrading Statement
Young & Co's Brewery PLCHalf Year Results
WH Smith PLCFull Year Results
Friday 11 November 
Beazley PLCHalf Year Results
Permanent TSB Group Holdings PLCTrading Statement
TheWorks.co.uk PLCTrading Statement
Urban Logistics REIT PLCHalf Year Results
Monday 14 November 
Atalaya Mining PLCQ3 Results
Biome Technologies PLCTrading Statement
Cake Box Holdings PLCHalf Year Results
Diversified Energy Co PLCTrading Statement
HgCapital Trust PLCQ3 Results
Informa PLCTrading Statement
Kainos Group PLCHalf Year Results
MySale Group PLCFull Year Results
S4 Capital PLCQ3 Results
Totally PLCHalf Year Results
  
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2 Nov 2022 09:19

IN BRIEF: Frasers to acquire remaining MySale shares after offer close

Frasers Group PLC - Derbyshire, England-based retail and intellectual property group - Will compulsorily acquire remaining MySale Group PLC shares, after its offer for the company closed in London on Tuesday. It now owns or has acceptances for its takeover offer for 95.4% of MySale shares.

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24 Oct 2022 10:24

UPDATE: Frasers ups investment in Hugo Boss to 33%; buys 5% Asos stake

(Alliance News) - Frasers Group PLC on Monday said it increased its investment in German fashion designer Hugo Boss AG to just under a third, while also confirming it has bought a 5% stake in UK online clothing retailer Asos PLC.

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24 Oct 2022 09:01

TOP NEWS: Frasers increases investment in German designer Hugo Boss

(Alliance News) - Frasers Group PLC on Monday said its investment in the shares of German fashion designer Hugo Boss AG is now 4.3%, while it additionally has a 28.5% interest via put options that it has sold.

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24 Oct 2022 07:45

LONDON BRIEFING: Shell seals Qatar gas stake; Pearson trading strong

(Alliance News) - Stocks in London were called to start the new week flat on Monday, while the Hang Seng in Hong Kong slumped after Xi Jinping secured a rare third term as leader of China.

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18 Oct 2022 12:23

Frasers up stake in fashion marketplace MySale to majority holding

(Alliance News) - Frasers Group PLC on Tuesday said its MySale Group PLC offer is now unconditional, as it ups its stake in the Australian-based fashion marketplace to 51%.

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17 Oct 2022 10:19

Frasers boosts stake in MySale target

(Sharecast News) - Frasers Group urged MySale shareholders to accept its £14m takeover offer on Monday, after the British retailer bolstered its stake in the Australian firm.

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12 Oct 2022 15:43

TOP NEWS: MySale board gives up fight against Frasers takeover offer

(Alliance News) - MySale PLC on Wednesday reluctantly recommended Frasers Group PLC's takeover offer to shareholders, after Frasers disclosed a blocking shareholding in MySale on Monday.

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12 Oct 2022 15:07

MySale recommends shareholders accept Frasers bid

(Sharecast News) - Australian fashion marketplace MySale said on Wednesday that it now recommends shareholders accept a takeover offer from Frasers Group, even though it undervalues the business.

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26 Sep 2022 09:46

TOP NEWS: Frasers to make mandatory takeover bid for MySale

(Alliance News) - Frasers Group PLC on Monday said it was making a "mandatory cash offer" for the remaining shares in MySale Group PLC.

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26 Sep 2022 07:47

LONDON BRIEFING: Unilever CEO to step down; RPS backs new takeover bid

(Alliance News) - All eyes will be on the pound when traders in Europe return to desks on Monday, after the UK currency fell to an all-time low during the Asian session.

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16 Sep 2022 17:02

LONDON MARKET CLOSE: Stocks in red; pound plunges on retail sales data

(Alliance News) - Stocks in London ended a difficult week in the red on Friday, as disappointing UK retail sales data sent the pound plunging and painted a gloomy picture about the nation's economy ahead of a major interest decision from the Bank of England next week.

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16 Sep 2022 11:09

AIM WINNERS & LOSERS: MySale up as slams Frasers bid; AfriTin placing

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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16 Sep 2022 09:16

MySale chairman stands down with immediate effect

(Sharecast News) - Online retailer MySale has rejected a takeover bid from Mike Ashley's Frasers Group, stating it does not consider the terms of the deal to be "fair" or "reasonable".

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16 Sep 2022 08:37

MySale hits out at Frasers takeover bid as chair steps down

(Alliance News) - Frasers Group PLC's bid to take full ownership of online retailer MySale Group PLC received a blow on Friday, after the AIM listing said a GBP14 million bid is too low.

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