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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.

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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.

Lack of any trading update is a bit concerning if you follow the rules to the letter .

Listing Rules. The key Listing Rules affecting business updates are in the box "Key UK Listing Rule obligations". In summary, issuers must notify without delay major new developments that may affect their business if the development may lead to a substantial share price movement. Issuers must also notify without delay information concerning a change in financial condition, performance or expectation of performance if the change would be likely to lead to a substantial share price movement.

Either way, it would be nice to get some news whatever it is.

I had also seen that.

Some might think it’s irrelevant , but I don’t.

Interesting to see they now sell cookware .

Hopefully we get a decent trading update in the near future to perk interest up a bit.

Thanks for that.

At that run rate assuming average order value remains similar, then they are looking at £2.9 million revenue this quarter. 27265 times three months times average order of £35.96 equals £ 2941348

I actually think the daily purchase quantities have increased since then .

Compared to the previous quarter , it looks like they have increased sales by £1 million.

It’s a no brainier at the moment.

The fact that no one is interested presents a great opportunity to make decent money while the price languishes.

At some time punters will wake up.

Post-acquisition revenue of £1.5m (17 October - 31 December 2023)

· Q4 revenue increased 37.3% to £1.8m (Q3: £1.3m)

· Q4 orders placed increased 18.3% to 48.5k (Q3: 41.0k)

· Q4 Average order value (AOV) increased 15.9% to £35.96 (Q3: £31.03)

If you watched Higginson’s interview, he talked avidly about the large margins..

Perhaps he was overselling.

We shall see.

Facebook followers of Discount Dragon have shown an exponential rate of growth since Christmas.

Although there will be investors who consider this to be irrelevant, I would guess that it’s actually quite an important pointer as to the level of people interested in shopping on the site.

All good imo .

I forgot to add that on currently available clues, they are likely to be doing around £3 million sales per quarter , up from the 1.8 last stated.

Should see a profitable business quite quickly and it’s a great time to buy in on the cheap imo.

Nothing too dramatic going on here .

Seems the previous management were inept and it’s going to take quite a while to sort out the mess.

A takeover is going to be the only way punters are going to make much out of this share short term imo.

I expect they will sell that side of the business off so that they can focus on the growth of Discount Dragon.

Vodiac is a dead duck imo as they have not bothered to update it.

I have to confess to being quite negative when they took DD over, however the site actually looks very good and there are plenty of products at decent prices to choose from..

It appears that they are growing their customer base month by month and it will be very interesting to see the next set of figures.

Historically, this share slumbers between news and makes decent gains when it arrives.

The remaining million in payment from the sale of Immotion is due this month, so the chances are that we will get confirmation of that, bundled in with some other positive spin in the very near future.

Did they sell off Immotion too cheap , or should they have sold at all ?

Findley had been serving as president of the Location-Based Entertainment division of Immotion Group since 2021 and as president of the company after it was taken private in March 2023. Since then, he has ensured the company’s further acceleration of growth, driving a 60% increase in revenue post-acquisition.