Member Info for lemonade311

I don't fully see why this would bring more buildings under scope.

Looking at the historical context and regulation changes:

BEFORE:

The initial focus after Grenfell was on buildings 18 meters and over

This was the first threshold that many regulations focused on

NOW:

The Building Safety Act 2022 already lowered this to 11 meters for developers like Watkin Jones

Watkin Jones has already:

Signed up to the Responsible Actors Scheme

Set aside £35 million for remedial works

Been working under the 11-meter threshold requirement

Most PBSA & BTR will be over 11 meters anyway so I don't see how this really affects Watkin Jones.

It's not just over 18 meters here it's 11 meters I think

Also, I presume they have much fewer properties in Wales, especially that are under this 11 meters

I mean the market can move how it wants, the price gets more ridiculous every day imo.

Doesn't change the fact that it's net assets are now 70% higher than share price for a cash flow positive business.

Just from a quick scan, the big red flag here is still inventory.

Sales are down -20% and the RNS says this:

> We also expect to have reduced our inventory by c. 15m units by year-end through a faster turn of core strategic SKUs and clearance of non-core product.

However, gross inventory is actually UP by £3m YOY? That's very concerning to me. I would have expected inventory to go down, this could mean they are having more trouble than expected in selling this inventory.

What does everyone here think? I haven't fully digested these yet and am not a shareholder but following them.

Now #82 on steam top sellers, was #56 yesterday lol

This is now guaranteed to have a profit warning in the next RNS or a 'below expectations'.

Congratulations to Frontier, you have been outsold by Farming Simulator 2025 lol.

https://store.steampowered.com/app/2300320/Farming_Simulator_25/

In just 4 days, farming simulator is outselling PC2, why? Cause it's in mostly positive review range.

More people want to be farmers than play PC2 haha

12 days after release and we are now down to spot #56 on top sellers revenue.

4 days ago it was at #12 spot.

Crashing and burning. https://store.steampowered.com/charts/topselling/global

Imo (biased as I own the stock obviously lol) you haven't missed the boat. The share price of 18p was way too low in the first place.

I think they are worth 45p+ at a minimum..

This is actually coming very close to a potential short again I think.

It doesn't get more obvious to me that this next RNS will suck...

Https://www.reddit.com/r/PlanetCoaster/comments/1gqqpi9/we_need_to_talk_virtually_everything_about_the/

More terrible player reviews about other stuff as well like the staff system, top comments are all not happy.

Also, good luck selling PC2 DLC when there aren't as many users and a portion are still playing PC1 cause it's better

> Mkid I think the point you have missed is the relative week 1 sales revenue chart positions of PC1 #1 v PC2 #30 tells that PC2 sales are down at least 90%.

Yes, this is correct, if you go to steamdb historical ratings of top sellers back to 2016 on PC1 release date, you will see PC1 was number 1 for something like 4 weeks in a row.

PC2 is not down by 90% though, that would require a 'mostly negative' review.

PC1 Sold 500k copies (£19m) at £38 2 months after release and had £93m gross sales over it's lifetime.

I think PC2 is around £10m (helped by console releases) right now. But the big issue I have is that number won't move much now unless the rating gets better.

Good luck even getting half of PC1 lifetime gross sales at this rate. I was projecting £100m+ gross sales before the release....

> lemonade, do those steam charts actually have much relevance? for example, some of those games date back to 2012. without sales volume figures i don’t see how you can gauge sales

yes they are the most relevant... steam is where 90% of pc sales are. pc2 is mostly a pc game. these aren't 'estimations' by third party sites, they are steams own number of game sales.

top sales by revenue: https://store.steampowered.com/charts/topselling/gb

so that's actual revenue here, pc2 is #14th. farming simulator is doing better lol.

steamdb (estimations and a third party site) here: https://steamdb.info/app/2688950/charts/

these 3rd party estimates estimate 100k sales which would be £4m~ for pc sales, this is probably on the low side obviously, given delux + consoles i imagine it's done around £10m~ sales max so far. the drop-off in sales from now because of the mixed rating will be big.

i don't see how the next rns is anything but 'below our expectations' in it though. most of cms revenue comes from back catalogue and dlc's.

all these idiots had to do was have a 70%+ rating on steam to hit that 'thumbs up' and mostly positive ratio and the sales would be much better. so damn incompetent. fwiw i had £140k in this stock before i decided to sell all at £2.4. this was an easy >£5+ and management is so **** they just **** it up all the time, cannot touch this stock until entire c-board is fired.

> Feels like Audioboom is on the move up again. Nasdaq has been buoyant.

Moves 1.23%.

This fool who thinks it's 'on the way up'. Honestly you guys are hilarious, I'll be back in a few weeks to check the board again for more delusion. thanks for the comedy

Can't even reply to same thread cause you get butthurt lol.

> Audiboom have an ever growing product called Showcase which brings in a margin of 35%. Incidentally ACAST failed to meet market expectations. Sales growth in Q3 was only 12%.

Showcase is backlog tail-end only, backlog ads can't grow indefinitely as a % of total revenue.

> Not sure if Acast have ever turned a profit. Seem to have lost close to $100mln over the last four years. Might be time for the lemming to sell up and jump aboard the happening, dynamic podcast company... Audioboom

Yes they just turned profitable. They are increasing gross margins % plus all other KPI's in a bad podcasting market. Meanwhile Audioboom is doing the opposite. What does that tell you when the podcasting market turns back to growth?

Also, the podcasting market is actually doing better in North America due to better macro conditions than Europe. So the fact that audioboom who's majority revenue comes from America is doing worse than Acast when Acast has a smaller % of total revenue from America is hilariously bad and shows that Acast is better.

Maybe you should have researched competitors before you bought like a competent investor cause you all clearly haven't.

Anyway, Acast will keep going up while Boom fails imo.

margins will improve yes, but that's going from dog **** margins to slightly less dog **** margins. also, that doesn't take out the risk of onerous contracts in the future. 25% gross margins with that ev/sales ratio compared to acast makes no sense compared to acast.

2022 also had a share price that was 4x higher shandypants and a worse management team

I don't have access to the unit economics obviously but I suspect they will be much better than in 2022 as well

To be fair, the wording is weird and confusing I agree, I had to put it through Claude to translate it and be 100% sure that they meant the last 6 months is ahead of the entire previous FY.

I guess it's their nominated advisor doing very formal RNS wordings or something?