Someone is definitely loading up and making sure they get in cheap. It looks to me like they are loading up buying 250k and 125k to get to were they want rather than buying up at once and paying a premium!
I am half hoping that some of these buys have been from Board members/Directors to show confidence in the share! It worked for PRO Cook this week! They are up 25% in the past few days from CFO purchasing some shares
I personally think that we may end up seeing a surprise in Made.com 2nd half results. One of the biggest factors to costs increasing was couriers' prices and logistic costs. I know that they use the likes of DPD and DX according to their website. At present to my knowledge DX are charging around 17.5% fuel surcharge and DPD are currently charging 15% fuel for domestic UK and 25% for international. These are based on oil prices being at $120 a barrel and pumps being at £1.96 per litre!
Currently oil is trading at $89 a barrel (Which is a 25% drop) meaning that fuel in the UK should be around £1.50 in the next few months. If this is the case then fuel surcharges should drop (When fuel was £1.50 DPDs fuel was 8% and DX's was around 9%)
Based on Made sending millions of parcels per year and last year's Fulfillments cost being £79m it should see them have a saving of around 3/4 Million if fuel does decrease like I think/know it will!
I totally agree! This has been massively overdone! 20p is definitely not optimistic in my opinion based on the credentials this should not be trading at 10p with a market cap of 39m!
Some big trades to push us above and beyond 10p for someone to keep bringing it back down to below 10p! Getting very frustrating! As I think without silly sells today we would be pushing towards 11p!
MADE being on the top risers today is helping! Hopefully when people look at the credentials of the company and see the value they should invest in it and we should see rises! GLA