Member Info for clairesmith

Focusrite Takeovers since 2019 =

Martin Audio = £40m

Sonnox = £9m

Adam Audio = €18m

Sequential = £18m

Linea Research Holdings = £12.6m

Oberheim = £4.5M

This is together with the Focusrite product lines and the Novation product lines.

Total for everything:

Whole brand portfolio, market reach, customer base, set up sales channels = £800m to £1billion.

Check back 2 weeks - note to self

Check back 2 weeks - note to self

It does appear to be true, if you go to the historic data on yahoo, there were 13m shares traded on 1st Dec 2017

Date Open High Low Close* Adj. close** Volume

01 Dec 2017 315.00 334.95 315.00 332.50 319.94 13,091,042

link to show this:

https://uk.finance.yahoo.com/quote/TUNE.L/history?period1=1512086400&period2=1512172800&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true

RC Brown’s Oliver Brown:

"‘I spoke with the company a few weeks ago and, at that point, it had changed its guidance and said 40% growth was looking more like 30-35%.’ "

Six Months Ended 30 June 2023 = EBITDA £39.9 million

Full year 2023 around EBITDA £80 million

with 30% year growth = EBITDA 104 million

So MCAP should be £1040m = 409 a share

Shares traded in 16 days: 83,233,348

biggest trading day 24/10/23 = 18,392,400 shares traded

free float diff in the market of sold to bought since the 24th: 10,184,990

so about another 3 to 5 days worth of churn before every sold share has been bought.

Against 254m total shares thats about 3.9% of the total shares.

So there is little to no free float, any major buy of circa £2m to £5m and that cleans up the market.

Would expect this to go back to 170 region based on revenue expectations and minimum free float fast.

Would expect the company to announce major new clients soon, alot of chatter in region of setting up Cab Payments and new banking routings

At the current MCAP and even taking into account debt, Mobico would now be a perfect takeover target for DiDi

The Mobico transport network would be a perfect fit for DiDi, and give them access to the USA/EU/UK Markets.

DiDi has been growing internationally by acquisition, so a takeover would fit their modus operandi.

Large buy after hours for £2m

it appears they are sneaking large buys through by spoofing sells

10-Aug-23 @ 17:23:34

price: 84.75

share volume: 1,770,554

Buy Cost: £2m

On track to be back in the 60's this week.

lots of buying pressure, seems like the drop has been something a few have been waiting for,

expect that all these cheap shares will be erat up fast and price consolidated back up in the 60's

company setting up for a good H2 2023 and great 2024

Reading the ticket tape appears to me no more sells, and the autos have now set themselves up in the 50's ready for buying.

Once this goes past 50's it will rally fast to 60's as shorts try to buy up before the price gets back to their short adds on the 19th.

Also would expect at these "cheap" prices a few of the major holders would top up to average down, so could see a couple of funds increase their holdings this week.

overall consolidation of share holding will help to take this back to the natural position in the 60's-70's region

MCAP should be about £500m based on their portfolio, a company with cash, and projects coming.

So a share price of circa 190's, so about 260% from here.

in June 2023 alone they announced Loft Lines, at Titanic Quarter in Belfast worth £175m.

The secured development pipeline has an estimated future revenue value to us of £1.0 billion (FY21: £0.95 billion), of which £517 million

is currently forward sold (FY21: c.£197 million).

First fully co-living studio development, a 133-bed scheme in Exeter, is under construction and will be available to rent to the wider residential tenant market, including students.

Lots happening, and the fact that the NoE spent £200k of their own money last week shows that this share is vastly undervalued currently based on forward projections.

In the company reports they have noted £1B worth of business is booked in for the next 5 years, on top of their usual revenue streams.

adding the assets and run rate the MCAP should be in the £500m region currently

Only a couple of weeks until results, and expect a rise on the way to that.

could see this go to an MCAP of £500m fast, so could rise to 70 region!

Shoezone increased their forecast from £10m to £13m, an increase of 30%

Asos are forecasting £60m, so with just 20% increase, then looking at £72m H2 2023

£72m x 2 = £144m a year, times 15 = £2160m divided by 120m shares = £18 per share.

So this is a massive buy with a massive share price rise potential

Shoezone increased their forecast from £10m to £13m, an increase of 30%

Asos are forecasting £60m, so with just 20% increase, then looking at £72m H2 2023

£72m x 2 = £144m a year, times 15 = £2160m divided by 120m shares = £18 per share.

So this is a massive buy with a massive share price rise potential

Looks like a gap up to the placing price of 4.20 will happen fast now (this week maybe).

people that bought at placing via PrimaryBid will be buying to average down while they can.

the shorts will now be trying to close on the approach to results, given the fact that asos will deliver profit.

looking at results from Shoezone I could Asos to over-achieve and ending up in the £70-£80m profit region for H2.

All the people living with parents that have put off buying a home, spending lots on clothing.

all the festivals and parties people going to after lockdowns, buying clothes.

Asos are in a winning position, expect some great results, can easily get to £15 by Xmas.

Asos is clearly passed the worst, and have restructured the company to be profit generating.

MM ad funds know this, and are accumulating shares while keeping the price down.

However, there is such a small free float that this will rocket up fast.

£15 is a bargain for this company, considering the £4b revenue, international operations, key brands (Top Shop et al), and that the share price has been £60 previously.

Very happy to buy shares every month on pay day and build a massive position ready for Xmas.

It's an easy calculation:

£60m in H2 FY23, so we would track a year as £120m

Times by x15 (years) equals worth of £1.8billion

Divide by 120m shares = £15 a share worth

Hence why the takeover offer of £10 to £12 was rejected. The business is worth more.

which means a share price of £15

On-track to deliver adjusted EBIT guidance of £40-60m in H2 FY23, which means a share price of £15