Member Info for horsetrader2

Sorry, I meant per day.

Monks hood
I realised with hindsight someone might reply along your lines.
They have sold over 8 k since the last update, but in the last week have only been doing 100 per week by my calls.

Just gone through the numbers again.
I think sales have slowed down in the last week, but around 8000 units have been sold since the 15th Nov
That’s a turnover of around £550k in 5 weeks , plus whatever comes in from the remaining open venues.

I’m going to change my estimates of sales due to some recent info I have acquired .
I now think that they are selling around a hundred units a day.
Therefore sales will be around 200k per month.
I’m not sure that this is enough .
Anyone fancy running some figures.?

My main concern would be that if shipments of new stock get delayed due to the current transport issues..
I think they need to get the US side of letsexplore up and running pronto.

Glad I’m stuck somewhere hot , and hope not to be allowed to return. to the UK for quite some time.
Happy Christmas all.

It’s got to be said, he came up with one of the most stupid comments I have ever seen on a share forum.
Either a wind up merchant, or as thick as two short planks.
How much effort is it to simply click on the letsexplore website ?

Ronald.
Would complete lockdown not help the in home market?
It’s a very well presented sponge cube and surrounding box.
The experience is also very good .
Have you tried it ?
I would have thought it was perfect for lockdown .

Could be the case Stalin.

For sure, we will get an update in the next month if things have been going as well as we hope.

Slightly concerning that ministers are contemplating stopping commuting and that supplies of any new stock might be getting stuck at Dover.

What a shambles .

It might have created a surge, but considering stocks were supposed to be short, then there shouldn’t be a need for any discounting.

Re Trustpilot,

it’s a bit like the Biden votes.

A sudden rush of reviews in the last24 hrs.

I’m not sure if the reviews can be manipulated .

Oddly enough, they are sending an e mail out to existing customers that offers 20 per cent off if you buy before 21st Dec.
I’m not sure why they would feel the need to do that. If they are inundated with sales.

I have noticed it before , after placings on other shares.
I don’t have an explanation , but history seems to suggest that they won’t let the price go above the current band for quite a while .
Maybe I’m going off on a tangent here, but I read a very interesting article years ago about how market makers have a collecting stage which hoovers up weak sellers , then a selling stage .
The art is to spot the collecting stage and buy at that moment even though it appears to be a poor time to buy.
I think we are in one at the moment.
When the selling stage arrives, it’s a good time to trade out a few as there will be a temporary surge in price prior to a drift back down. (Obviously news and performance will affect this )
I’ve traded in and out on this basis quite successfully over the years.
It seems that patience is needed.
End of waffle.

No problem.
If you look at the website, it tells you all you need to know.
It’s extremely well presented.

Silly me.
I can’t read.
Yea, I agree on all points.
Especially the oily/mining ones.
Lost track of the number of mates who think they will get rich with that rubbish, then lose the lot.

It’s already 4 p .
Ronald, that’s a pretty stupid question.

I don’t think you will regret your purchase.
I have also now got a substantial number .
The beauty of this business is that it’s easy to get clues as to what the numbers are.
The installations are currently suffering, but the in home offering is making up for the lost revenue.
What the market seems to have completely overlooked, is that the Let’s explore offering is simple and relatively cheap to replicate worldwide.
I might keep repeating the same fact, but it’s so glaringly obvious I can’t for the life of me think why punters can’t see it.
Assuming the world outside of the UK offers a meagre ten times the market for this successfully selling product, there would potential for £4 mill a month, or close to £50 mill per year .
The hardware, design and the software have already been done, so costs would involve staff, marketing and a distribution centre in each country.
I can only think they have not yet started in the US , because of supply limitations .
Don’t think I have ever been more confident of making a decent profit from a share.

I have just been through the last update , and they sold 834 units in Oct.
That means they have sold an additional 9000 units in the following 6 weeks which equates to 1500 units per week.
That equates to £420k per month at the current rates.
It reinforces my opinions as to why directors invested recently .
The next trading update is going to push the price sharply north .

Ps.
If they roll this out over the rest of the globe, then if we assume they are managing to sell close to a thousand units per week in the UK alone, it’s easy to see how they could do at least ten times this many units globally.
We have yet to see the margins , but they can’t be too bad and I would have guessed they are now trading profitably for the first time.

Looks like my 2 mill was a bit optimistic .
Perhaps 1.5 by the end of Dec if they have enough stock.

I said 2 mills worth , not units.
Achievable in my opinion, if they can get enough stock.