Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
ragtrade.
I'd be interested in your view of Sosandar. In many ways it epitomises your explanation of the difficulties in creating an on-line brand and the need for deep pockets.
32p placing Oct 2018
15p placing July 2019
17p placing Feb 2020
The last placing they blew on too much TV advertising and are now in a much more abstemious phase. I believe their designs are very well targeted. They already sell through NXT and JLP.
I would like to see SOS selling through Debenhams as well.
This is a change of viewpoint for me because I always saw Sosandar and BooHoo (I have shares in both) as 'immersive brand' companies. In the early days of BooHoo that was the distinguishing feature between on-line and brick shops. The acceleration of the High St. destruction has changed that as on-line shops grow. So, we now have brand websites and shop websites. I guess to cover all possibilities.
apad
Coming online through March, April and May, to be sold alongside M&S’s core range and in-house brands Autograph, Goodmove and Per Una, will be:
Hobbs (womenswear)
Jack & Jones (menswear)
Joules (womenswear)
Phase Eight (womenswear)
Seasalt (womenswear)
Selected Femme/Selected Homme (men's and women's wear)
Sloggi (lingerie)
Sosandar (womenswear)
Triumph (lingerie)
White Stuff (womenswear)
In January M&S completed its purchase of Jaeger out of administration.
In October womenswear brand Nobody’s Child launched on M&S’s website, as exclusively revealed by Drapers at the time. In the same month, the retailer also teamed up with Ghost London to create a capsule women’s and children's wear collection for autumn/winter 20.
A branded kidswear offer from Brand Machine Group launched last week with Elle Junior, Russell Athletic, Ben Sherman and Original Penguin. Brands at M&S will also offer exclusive product including from Finery and Ghost.
So, given no intangibles or tangibles all development is immediately expensed. Nicely conservative?
apad
Courtesy of redartbmud. Goodwill dates back to 2008 birthdate.
apad
Goodwill is normally associated with taking over a company. The current software accountancy debate is whether it is tangible or intangible. Good question, Monkshood - they haven't acquired anybody....have they!.
I don't like the US expense being dealt with as special. A normal expense that will feed into the UK/EU change. I am expecting an increase in bad debts as the panicdemic effect works through.
To me, QTX development of software that links to the back office is as major an asset as a building to a shop company (used to be ??).
apad
Monkshood. Ta for your earlier message about the cost of EU/UK updating. I looked back because of the !.6million US 3G "one off" which I found odd because it looked like a normal business expense. Is there a reason why the US updates had to be done in a hurry?
Their bad debt has risen and it looks as if their a providing for a bigger increase down the tracks.
There is no mention of 'intangibles', which is amusing as their software and hardware development are very valuable. Modern accounting is so yesterday.
apad
Hi Centamin,
Your argument eptomises one side of my viewpoint. I am not convinced that LOOP will win a chunk of the normal big business market (as they claim) for the reasons you give, but also because such businesses have IT support. Where I do think the Teams tie up will pay off is in their existing specialist market where a number of small players without IT support on different country's telephone systems are in contact. You ask whether anyone has experience. I have an amusing tale of the pre Teams system where a Wealth company introduced LoopUp and it was being used for all normal telephony costing them a fortune. Management issued instructions not to use it instead of the telephone. They were ignored so they withdrew the system. I hope the company has sorted out its pricing since then, but it is something of a tribute to the ease of use. Yours is a good post. I usually post on advfn (not the LOOP board) and we have aired this issue before.