The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
It certainly crossed my mind.
The trouble is, no one else is remotely interested at the moment.
I quite like the model, but it’s going to be at least a years ride before they get into profit (if they do)
Was wondering how much they could make on a deal like the airline booze stock.
Buy for 2 million quids worth for £250k , then sell it for what
I’m assuming when all is said and done, that there is a pretty good margin remaining.
I think they are overloaded and have got themselves into a pickle.
A few adverts out there looking urgently for warehouse staff.
Hopefully all sorts itself out sooner rather than later.
A few moans on Facebook and Trustpilot with reference to delayed delivery’s.
The response from DD is that they are overwhelmed with orders and have a backlog which they are trying to address.
It seems the sooner they get their new warehouse, the better .
If they can’t , then they risk damaging their reputation and ratings.
Great to see they are busy and that Higginson has invested some more pocket money into the business.
Doesn’t seem that there is too much punter interest in this share atm , however, I do think sales are snowballing and there is a bright future ahead.
Will probably eventually sell the business to the likes of Poundland
Was hoping for a bit more growth, but the results seem ok.
Bit of a jam tomorrow update .
I think they are flogging a dead horse with the Vodiac and Let’s Explore side of things.
Understandably , they are spending money on acquiring customers for DD, so despite increased sales, they are not currently making anything from it.
Only time will tell if this business model works.
I wish they wouldn’t pretend to have made profit from the sale of Immotion.
Good to see the new acquisition doing so well.
Results on Monday should ge decent.
Over 1,000 orders since the Bank Holiday Weekend!
We've been experiencing huge demand recently, and we want to thank our incredible community for your support as always!
We have some huge & exciting plans for the future, some big drops and other exciting projects in the works, that we cannot wait to share with you all!>
Our amazing team here at HQ is working around the clock to make sure you get your surplus food stashes on time, so thank you all for your added patience whilst we are mega busy
Thanks
Where did you find that info ?
One of a few similar posts by DD on Facebook
Good afternoon, your order will be shipping shortly and the tracking link will be emailed to you as soon as it’s live.
Due to a massive surge in orders it’s taking a little longer to process orders. Won't be long to wait!
As I confidently pointed out was going to happen a few days ago.
There is still a ready buyer out there , so I’ll confidently state that it will continue to rise .
Plenty of upside from here assuming the business model is working (Which it appears to be)
I personally think your exit points are a bit low, because if you consider the cash they hold, then assuming the business is succeeding it’s going to rise quite dramatically from these levels.
Thanks for the link.
I see that they are on again next Tuesday , so it’s obviously a tool that is working from them.
The presenter did mention that there’s were 700 people shopping on the site while she was speaking.
Not the kind of thing I would normally watch, however, the presenters do a brilliant job.
Did you see us in the press today ? Our Daily Deals were featured in the Daily Express , Metro and Evening Standard ! These deals last 24 hours so grab a bargain before they sell out, and sign up for our emails so you don’t miss out🛒
Did you know we have a wide range of products , from groceries to pet supplies , health and beauty , cookware and bakeware, garden and car care. Whether you’re here for the craft gin and snacks , or to save money on household essentials or your weekly grocery shop , you’ll find plenty of reasons to keep coming back.
Over 20,000 people have rated us ‘Excellent’ on Trustpilot. With free delivery anywhere on orders over £30 ,there’s no reason not to shop with
All week, it’s been easy to do dummy sells of a very large number of shares at full asking price.
As there don’t appear to be many sellers, it looks like the brokers nudge it up a touch each day, hoping to tease holders bit by bit into selling.
Historically , with this company and when it was in its previous forms, this scenario never failed to realise a rise in share price.
I would be certain it will go up from here.
Not really a big surprise as it’s been fairly obvious that they have been very busy and the business is growing.
Interesting to hear that their high value items such as gin have been so popular.
The kitchen ware addition is an interesting addition.
I would expect a very positive update in the not too distant future.
Sustained buying over the last few days.
I expect those good metrics were meaningful.
I would guess that they have found this channel a very effective way of getting new customers.
Food circle looks like a good fit for the business .
It would have been nice to get a trading update at the same time ..
Wednesday often seems to be a news day with this lot.
Seems somebody is doing a bit of share shopping today.
I re watched the video where Higginson talked about margins .
He stated they were between 5 and 8 times higher than normal retail.
Standard margins for groceries are between 1 and 2 per cent, so DD should be making between a low of 5 and a high of 16.
If my previous guesses are correct ,,then they should be able to make a profit in year one.
Happy to continue topping up.
Also interesting to see that users had to join a virtual queue to access the site during this promotion as it was over loaded.
They must be super busy.
Hopefully they are turning a profit at the same time as getting new customers on board.
Thanks for the link.
Interesting viewing.