The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
or even JD given the history Either way .. This is going to be a long time to recover to my average of £1.27 now .. I also think the BOD need to buy some shares at these levels, the IPO price was around £1 higher than here! Good luck
104k buys over 25 trades no sells yet
https://twitter.com/sports_handle/status/1009623142648745984
£1.20 - £1.30! Really? Sells coming through sub 80p now :-\
I was under the impression they couldn't sell for at least 12 months? Maybe I'm missing something source : Admission document
If anyone's interested http://investors.footasylum.com/~/media/Files/F/FootAsylum/reports-and-presentations/Copy%20of%20FY%202018%20Results.pdf CAPEX £m FY18 FY17 Capex on stores 6.9 4.8 Warehouse 1.2 0.5 Technology 1.6 0.5 Other 0.3 0.1 Total capital expenditure 10.0 5.9 £6.9m on new stores Wholesale KEY STATS • Launched in March 2017 • Numerous agreements in place including ASOS and Zalando • Leverage the brands with minimal infrastructure • Raises profile, authenticates own brands and provides access to wider territories • Provides access to a broader market and exposes brands to a longer life cycle Own brands • Strong existing brands • Ability to spin up new brands as market opportunities arise £2.6m rev from whole sale £22.9m from own brand had £78m revenue 2015 to £194.8m 2018 STRONG FINANCIAL TRACK RECORD with double digit revenue growth, good margins and a healthy balance sheet Be nice to some director buys at this level for sure
Revenue up Online sales up Cash balance up 10 new stores Upsizing of existing stores New warehouse facilities Loads of new staff Barry brown ex JD (though I know This has been known a long time) I think it’s all very positive, despite profit before tax being down they’re clearly investing in the company and growing in line with what they said they would and have a clear understanding of the market their targeting. I also like the shop, I buy my trainers there but wouldn’t buy much else (I’m 32) Maybe it’s wow to me because I’m used to buying sh** stocks 😂
Financial highlights · Strong underlying performance in FY18 · Revenue up 33% to £194.8m, (FY17: £147.0m) with strong growth across all channels and product categories o Online sales up 41%, now accounting for 30% of total revenue (FY17: 29%) · Adjusted EBITDA up 12% to £12.5m (FY17: £11.2m) o Adjusted EBITDA margin of 6.4% (FY17: 7.6%), down 120bps in FY18, due to lower gross margin and planned investments in central functions · Adjusted profit before tax up 4% to £8.4m (FY17: £8.1m) · Profit before tax of £1.9m (FY17: £8.1m), after exceptional items of £6.0m and the share-based payment charge of £0.4m (FY17: nil) · Cash balances increased to £11.4m at year end, reflecting IPO proceeds and growth of the Company (25 February 2017: £2.8m) Operational highlights · Opened 10 new stores, refitted two stores and upsized seven stores · Continued investment in the footasylum.com website and further investment in other online platforms with the launch of an own brand website, and apps for Footasylum, Kings Will Dream and SEVEN · New wholesale channel creating opportunities for own brands · Distribution space doubled to 278,000 sq ft, with the opening of a second warehouse facility in Rochdale · Investment in a new in-house studio in Manchester for design, photography and videography · Barry Bown, former CEO of JD Sports Fashion plc, joined the Company in a consulting role on 1 March 2018 and joined the Board as Executive Chairman on 1 June 2018 · Headcount grew by 21% to 2,270 employees at the year end (25 February 2017: 1,869)
Results out tomorrow morning Presentation at 09:00 January trading update made for good reading; https://investegate.co.uk/footasylum-plc--foot-/rns/trading-update/201801110700025415B/ JD sports had a good update recently as well As Monty said, foot locker had awesome results in May
Oh dear ignore ! How ironic with my title Didn’t read page 2 where the links been posted 🙈 just saw it on Twitter
fao r1ck - http://www.chrb.ca.gov/adw.html list of 8 on the California horse racing board, bare in mind TVG is owned by paddy power
"working on the basis that everyone can join the club if you pay 10 million." - "Significantly, California's draft Sports Betting Bill specifies that only land-based racetracks and casinos will be eligible for license applications. In the United States, WatchandWager holds ADW licenses not only for California, but also for North Dakota (providing regulated access to a total of 28 states), together with individual State licenses for New York, Kentucky, Colorado, Minnesota and Washington." California says only existing land based tracks and casinos will be eligible, so Jim buying Cal Expo was an outstanding decision, I can only imagine other states will also have similar rules when they first start allowing sports betting? Regarding the Pennsylvania $10m per licence, thanks for sharing, totally missed that link.
lol, MBachaan I am not saying I can't see "things" read my history, I haven't just come on here saying that. I'm long here since 2.1p and have been topping up as far as to 5.8p (2 weeks ago) and another at 4.1p last week totalling 7 different buy in points, my posts will show how bullish I am. I love this company, I think the future has ridiculous potential and as each state comes in to play, the revenue is going to get colossal, telephone number type figures. But no matter how much I look, I can't find any information about licences being worth $10m each which is what's been branded about a few times. Do you know where the value of the licenes is, please? I'd love to read it for myself
Why are people saying the licences are worth $10 million. please? I've not seen 1 bit of evidence to show this, maybe I'm not looking hard enough.
Pays off New York next please :)
"so fly away" LOL !!!!!
I've always been optimistic about this company, but I can't stop reading this law "What we know about sports betting partnerships in New Jersey What we know about legal sports betting in New Jersey is that it can take place only in designated sports betting areas of licensed racetracks and casinos. Online betting will be permitted 30 days later, with the caveat that operators must be affiliated with a land-based licensee. That last point is the reason for the flurry of partnerships we�ve seen in the last few weeks as third-party sports betting operators look to get a skin in the game, while racetracks and casinos search for software providers to support their ambitions for digital offerings." If the big boys who aren't already operating land based race tracks or casinos, they aren't getting a licence, simple as! Operators MUST be affiliated with a land based licence .. this explains why Jim bought Cal Expo and now this reiterates the importance of the last RNS where the company is actively seeking licences. So questions about operators applying for new licences, isn't going to happen. Those with the licences (I.E WEB) are the ONLY ones who can operate. Jim Mellon = GENIUS (based on the research and articles I've read online - obviously DYOR before being accused of ramping) it's all there in black and white. https://www.njonlinegambling.com/nj-casino-partnerships-dominate-preamble-to-bill-passage/