Member Info for PDS2023

Where it finishes not really any clue but this price drop is just a fishing exercise because of asos results. There seems to be so little volume trading, we will see a move back towards the close yesterday. Whether that happens today I don't know but the volume isn't there to keep prices down.

Was literally thinking the same thing after comping the 6mo TU vs Asos annuals. Debt to revenue almost half, debt to gross profit less than half asos, margins are materially weaker (and they don't have the US kicker, if it comes good on revenues will deliver v strong profits).

Also broken above the downward trendline from the early 23' peak (connecting the MA buying peak more recently), and held.

@Ableton, very much agree with you point on the re-test of 31p, and looks like we have done just that.

We have closed above 31.54 which was the close prior to the Oct 3rd TU gap down. For me this is positive, and in terms of next targets, the big one will be re-capturing the 100SMA @ c33.8.

OK i apologise then, yes the total number of employees was 5000+, i assumed given you quoted 440 from 2023 you were showing the difference vs last year. Noted.

Daytradenovice, this is what you posted....you said in 2022 5630 applied to the scheme when it was 1,166, hence my reply was in reference to 2022. So again, why the false info?

Surprised only 440 staff members took up the discounted share option scheme @ 25p

Last figures i saw was 2022, sjowing 5630 employees across the group so well less than 10% seem confident in the future.

Scary

Daytradenovice, please post factual numbers. In this day of technology, it really is no excuse.

A total of 1,166 employees elected to participate and, pursuant to these elections, a total of 32,160,360 options over Ordinary Shares were issued on 7 November 2022 equating to 2.54% of the current issued share capital.

Only GSA Capital are at risk of a small squeeze here, given their average short entry price is 30.5, so they are offside based on the live bid. 12.6mm shares they need to repurchase to close out, that is going to be tough. I suspect they don't want to give any real indication of an unwind and will likely do this as slowly as possible, but could just be a painful grind higher as market makers are now playing the bid off MA and the shorts. Interesting technical development now, lets see how we progress.

Thanks for this bon_scott, interesting development and a 20x change in borrowing cost.

There are three typical reasons for cost to short to go up, higher demand, lower supply and/or liquidity. Given we have seen shorts closing more recently (post the TU), suspect its a combination of lower supply and lower liquidity.

I don't think i am making excuses for anyone frankly, and yes I am a holder, doesn't change the way i look at shares i.e in an objective manner.

That is an option, so they had no obligation to even buy 2/3 of the business. Also, PLT was a very different target group vs Boohoo at the time, UK and team had a much better feel for that market (and it was evident given how fast the company grew) and hence they were left with 1/3 of the business. In hindsight, sure they could have taken out the whole company but they also could have left it all on the table.

PP1, you are now making even less sense. Boohoo IPO'd in 2014. For someone that has been following the share since 2015 and telling others about how much you know, that seems to be a pretty massive oversight.

PP1, first please show me where they had an agreement to buy the whole thing for 5mm and then didn't? secondly, you are talking about an investment of £3.3mm that happened in 2017, and then a £270mm investment to acquire the remaining third in 2020! Also, you do understand how company ownership works? Given they bought 67% of the business in 2017, they captured the profitability and free cash flow that PLT generated over the years.

This is a difficult market to navigate, especially when the business itself has experienced a lot of headwinds. Ultimately, the share price right now is a push-pull between Frasers constantly adding a stake (at a limit price, Frasers are not price agnostic and hence market makers are not trying to gather shares are higher prices). At the same time, the recent results have been weak and guidance cut, so it reflects the current situation fairly. Nonetheless, as I have said a few times, it ultimately depends on how the business fares over the coming 6-12mo, will cost savings drive sales, will the US distro centre improve US sales as % of total sales, will they be able to keep margins at/around current levels in an inflationary world (albeit slowing). I am convinced their balance sheet is in good shape and that the cost savings, distro centre and advertising campaign will help them deliver higher revenue. We only need one/two good business updates for this to start gathering momentum. The share price is reflecting literally all that is and could go wrong.

Happens in the US a lot and have lawyers chasing holders to see if they would like to join a class action. It rarely, if ever sticks, just makes for headlines.

Interesting development, what is the % to lend now vs when it was low?

They bot 26.47% for 15mm. Their stake is worth 17mm right now so have made c17% return since then. Not saying it was a great investment but they are not underwater.

Asos also halted

Same here, just checked my Hargreaves. Something going on?