Member Info for Globex

The North West's answer to Jeff Bezos, just needs a bit more time for his young start up to flourish, don't worry about it being a 20 year old retailer losing market share, any day now he'll show them all.

One thing's for sure with this stock, it doesn't do sideways movement

Then the question becomes how will they fare long term in the jewellery market, which obviously has more competition through an array of brands than the watch one. On the higher end would have thought the likes of LVMH and Richemont already have this sewn up.

Probably makes sense for them to move needle more towards being a first party retailer of jewellery.

Let's be honest otherwise being a third party retailer of Rolex and other major watch brands isn't a great position to be in long term, when those brands can pull the plug at any time, and already have their own superior direct to consumer offerings.

That would imply earnings of ~£140m for FY24 which seems too high to me, with continued consumer discretionary softness in UK and Europe and the ecommerce weakness they've reported.

Takeover wise the challenge is they lack a USP and are dependent on big brands for supply. If PE took this on for example, how would Rolex feel about continuing that relationship? There are already indicators they've throttled supply to third parties for some of their highest demand lines. So share price recovery if it happens might have to instead come from slow grind of them trading their way out of this.

It's highly distateful but nepotism isn't illegal per se. Very unusual in a plc though. That isn't to say the company hasn't flown at best extremely close to the regulatory wind in other areas - especially around CiRT sales publicly known vs reality and related timing of insider share sales late last year.

On that front Sorrell's been unusually quiet lately, normally can't shut him up but no recent Times articles or corporate shindigs that I'm aware of.

They've been doing share placings every 6 months ish, so I certainly wouldn't be against them doing one within the next 2 months. If anything they should have done it sooner. Perhaps they wanted to wait for halving to justify it to battered holders the bleak financials that await. Only question that remains I guess is size of discount. This time they might as well do a hail mary and smash it down to raise as much as possible.

Would make sense for them definitely, it has a healthy valuation currently but definitely wouldn't hurt to move their primary listing from Dublin, US easily justifiable when that accounts for 80% of their sales.

Some context on that if anyone's interested:

https://www.theguardian.com/technology/2020/sep/04/hut-group-cancelled-2011-flotation-after-multimillion-pound-was-uncovered

FTSE250 now hitting a new 52 week high, albeit still some way off its peak. If UK benchmarks reaching these milestones, wonder if Moaning feels any cognitive dissonance about his hate for his home market? Probably lacks the self-awareness for that, but at this rate he might need a new scapegoat.

Looks like karma kicking in for old Trev

For a true net assets figure you need to exclude intangibles including capitalised development. Do that and you'll see this actually has a negative tangible net asset value.

Perhaps they would be better off not betting the house on whoppers full stop. There are only so many of these massive corporations to go round, especially on the scale of the likes Meta. When one or two of them cut spend, the impact is disproportionately large, company's prospects become too dependent on them.

No shame in smaller clients either, especially when S4 itself is now a fraction of the size it once was in terms of market cap.

With enough volume, smaller contracts can go some way to offsetting larger ones. This is also where AI comes in, it should mean scaling up to larger number of clients much more feasible with more automation and fewer human resources.

Be good to know how much that F1 sponsorship costs. It'll be in the millions certainly. Together with the rebrand you'd think MyProtein was spewing free cash to afford this stuff. Whatever the cost to the company, Moaning will see it as worthwhile no doubt when it means he gets VIP access. But I don't think even he can have missed the metaphor of finishing last and a non finish while Optimum sponsored driver wins.

Need to focus on statutory profit/loss, this is the key bottom line of what a company is actually making or losing after all costs are taken into account.

Adjusted EBITDA isn't a proper GAAP measurement and excludes a significant number of costs. The adjusted part is highly variable with each company free to have their own definition of 'one off' costs, something to be particularly wary of on aim micro caps.

When rampers here talk about forecasts for this being profitable they mean only adjusted EBITDA, and are being misleading not including that qualifier. Audioboom's actual loss last year was $19.43m.

Nice, one Blackrock tracker alone for that reports $77bn of assets under management https://www.ishares.com/us/products/239774/ishares-core-sp-smallcap-etf

I think spitfire is having a breakdown

Agree, when things get euphoric enough these problems should nicely melt away again, or at least be easier for market to forget about for a while.

As much as halving has cut revenue in the obvious way for miners, it works in our favour on the supply side too, just so little fresh btc coming onto market now. When demand increases again should bode well. I see Clsk and Cifr barely selling any in April, Riot pledging not to this year, seems like a trend.

These bids are going up nearly as much as the Ste accounts