Good stuff eh BP ...ecosystems way to go
Also good to see Nick out there touting the TWG ....hopefully investors might get interested ...although sort of knowing Nick it’s just an ego trip ..read about him and not the business
Printable View
They always a bit coy how much in the way of revenues TheMarket generates.....rather tout the number of skus they have etc etc
But if you look at their sales reports and assume that Other sales is as they say in small print, being 'Other sales include 1-day and commission and other revenue in relation to TheMarket.com' then TheMarket.com not doing too well
Q3 revenue/sales being $37m this year v $41m last year v $44m the year before .....hmm
Suppose it is really a case of building it and then the punters will come in droves ....big time
Interim Report Segment numbers show declining sales /revenues and declining losses
Breakdown of these 1-day sales could be interesting
https://www.nzherald.co.nz/business/...3DEN4HJ5EOZQM/ Paywalled
Interesting article articulating their growth strategy.
In that Herald story - Grayston says the group can dedicate more time to what he considers the fun stuff
Plenty of spare cash and doing fun stuff ....not always in shareholders best interests
I think they've done a good job of turning this ship around so far and their prospects for further rationalization and enhanced operational systems are good.
have you tried just asking investor retaliations how it works? They were very good about responding to my queries last week about how warehouse stationary revenue inside warehouse stores was accounted for.
Isn’t the market purely a digital storefront? They don’t have any inventory themselves, and instead the sales are all from either other WHS businesses (TWL / WS / NL / T7) or from 3rd party sellers (for which they get a commission on sales)? I guess the question to ask is if WHS assigns revenue to the market or not as commission from other WHS businesses.