Member Info for skid35

Just to say that they would not dilute their holding with a cash raise if they also put in cash. Back in the money now with an average 46p buy price, will keep for the medium term.

The whole point is to reduce risk due to 1. a pooled investment across lots of companies - some complete dog others brilliant 2. Woodford supposedly has special access to early investments the average punter does not.
Looking back in hindsight (unfortunately as I fell for this) it is clear woodford was just chucking darts in a board. On some of the winners why the hell did he sell out of aj bell before the float.
Everything he has done has just been s""t.

I think I am at the same stage, I was expecting a quick revenue / profit increase after the cash raise not just renewals extensions of existing contracts. Really need to ramp performance quickly.

I am not sure what you are trying to achieve here, are you short / trying to buy low / annoyed you didn't buy earlier. This will have ups and downs on a weekly basis.
On deals the share price is where it is with the weekly drip of small country deals, any large US / India etc deal will have this one flying. The business model is highly leveraged.

I am back to breakeven on £5k.
Unsure whether there is a restriction that the new shareholders have a lock in period.
I think this one will steadily climb but with the usual ups and downs on the way.

Especially when he must have got share options on appointment

I don't think a q418 vs q119 is a good comparison, it should be againstq118

You must be really sore having placed so much faith in this company only to see the share price virtually at its lowest level from float, did you subscribe to the cash calls as well ?

When a company moves business model shifting the % of business between direct and indirect gross margins should improve, but with higher internal costs as a % of sales impacting net margins. You also have the additional issues here that there is differential margins between mature / new countries, mature (cycling) vs new (football), mature product (gel) vs new (whey). As I say the massive increase in admin costs should be offset by gross margin gains, rather than flat.

Anyway for all you cyclists out there gels at 70% discount, as I say great products

https://www.sportpursuit.com/catalog/product/view/id/750166?click=eyJxdWVyeSI6NTkzLCJwYWdlIjoxLCJwYWdlU2l6ZSI6NDIsInBvcyI6M30=

Recent follower here. Recently purchased 40k shares at 23.5, just thought they were too cheap with all the bad news plus was built in.
Wondering whether I should keep for a short term gain at around 35p or stay in for 2 yrs + ?

Yes, unbelievably bland and non commital. What I would like to know is the contracted backlog. Not sure why the price rise, relief maybe ?

Really not worth discussing if you didnt read my post. Please see point 3.

Any idea why the rise?

why the rise today - was there a tip in another paper ?

Hi Alf - we have exchanged posts in the past.
Some basics.
1. No I dont work for a competitor. I am a qualified accountant working in the IT industry as an EMEA Finance Director.
2. I am a cyclist and use SIS products as they are great, but always when they are heavily discounted on wiggle / sportspursuit - or with the usual six monthly freebie

3. yes % margins have been maintained from 59.79 to 59.99%, but with the move on channel mix to direct this should be better
4. More importantly revenue increased 20% but indirect costs by 25%, failing to lever their cost base

5. I have no axe to grind on prior Moon listed entities, I was a shareholder but sold out at a profit on the realisation this is a vehicle for director enrichment with poorly managed LTIPs / STIPs which are changed if they cannot be meet
6. The real proof here is the share price which represent the management of the company
7. I am not stupid, this company should be loss making and investing in growth, its just they need to show a historic 3-5 year management of all areas of the P&L / BS and managing / offsetting the more stable countries / markets with growth

Good to see someone posting. I have a c £5k holding in my SIPP as part of the small adventurous part (Mercia, Draper etc) and I am thinking of adding to it. Just think this is completely under the radar ?

Always heavily discounted on sportspursuit. Clearly have excess stock they cannot clear. Always an issue not to cannibalize their market trying to gain market share

Would love to know what "in lieu" means. Clearly they did not meet targets for bonus payment, took the maxiumum that could be paid and coverted to share options. Shocking, just shocking... I don't know how an remuneration audit committeee could or would sign this off

squib

As a cyclist I believe mark Cavendish gets shares, even when he rode for etixx. Apart from stating Cavendish 's an ambassador etc there is zero, absolutely zero other pr or marketing with Cavendish.

Dilution is your share of the company becoming smaller, this is separate from the shocking loss in value in this transaction.
The premium over the real asset value when purchasing the PHD brand does need to be consistently justified in order to keep the holding value in the balance sheet.

It does not matter to management as they will just reprice and add to their options