RE: Q4 Update3 Jun 2020 11:59
I can only agree hellyeah. The trading update from April shows increasing revenues and increasing numbers of clients. There are two main draws at the moment namely a) increased market volatility and b) many idiots (myself included) who have had to find other sources of amusement/entertainment/income/habit-fuelling in light of the temporary pause of live sport.
Revenue for Q4 was 24% higher than that in Q3 and that was with 25 trading days still remaining in the quarter. Revenue for the year could be £675-700m (2019: £488m; 2018: £590m). In the same period there were 22,500 new clients compared with 36,000 for the first three quarters of the year. Balance sheet net worth is £1.12bn. Borrowings comprise only of a £100m term loan which is repayable in June 2021 - there was £373m cash at YE May 19 to cover. The £100m RCF was not drawn at YE May 19.
There were some massive buys at close yesterday in anticipation, I hope, of some stellar Q4 figures tomorrow morning.