I see Joans being buying a few...http://nzx-prod-s7fsd7f98s.s3-websit...252/356130.pdf
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I see Joans being buying a few...http://nzx-prod-s7fsd7f98s.s3-websit...252/356130.pdf
I see TheMarket showing making a loss of $20.7 which was $5.9m less than F20
Must be a worry that the income/revenue which they show as coming from TheMarket and 1-Day is 17% down on F20 anlso 17% down on F19
Seems to be a bit of raving about this TheMarket but it doesn't seem to be helping growth ..... probably one of those loss making businesses that one day in the distant future will pay its way .....after Rome wasn't built in a day and Amazon was useless for years
Yes, I have been pondering that too. Losses like that are not chump change. I can't help wondering how much longer they will persist if the top line isn't growing ? You would think in a pandemic shopping from home would be growing ? Maybe in these more challenging times its overdue management take a reality check regarding their aspirations to be a N.Z. version of Amazon ?
I wonder if it’s related to lack of brand awareness. For example, I’ve had people ask me if TheMarket is a legitimate site or is it a scam site. And I would wonder if the average person knows what it is. I even find myself forgetting TheMarket exists when I want to shop online.
The market “online sessions” were up 138% year on year, so they are obviously doing something right - will give them some runway to see where that leads. I really think they should consider bringing last mile delivery in-house, using NZ couriers etc is not good enough long term, you are never going to get same day delivery with them (Amazon is currently striving for 1 hour delivery in its home market). Just yesterday NZ post said parcels were taking up to 10 days to deliver in Auckland. Unacceptable.
Attachment 13028
So the real question is which way you look at the crystal ball on where the SP goes after going ex Div .. ;)
If it stays down by the Cash div and no more - then you're up by the Imputation credits less any notional brokerage
on a potential jumping out. If sinks by the full taxable div then you're out by notional brokerage.
Any further lower, you ask which did I bother .. or perhaps dont worry - bottom drawer - bound to come back ? :)
theoretically on the ex day, it loses the amount of the div, but then if some followers lose interest (perhaps too busy navigating
the warehouse or wanting to raise coin so they can) or just go off chasing another target company in focus, it could
sink further .. but the opposite could also occur too ;)
Did someone say $5 bucks or was that only if Level 2 in the Northern Sector in next 3 weeks .. or not now ? ;)
Imagine all those eager beavers with stuffed locked-down wallets & a lingering pent up urge for some Retail Therapy,
or could the dream be postponed even longer if Spinmaster Hipkin's best dreams turn into further chapters of Covid
nightmares & more prolonged agony .. ;)
A bit difficult to work out what TheMarket.com brings in the way of revenue / income.
Segment info in AR says
TheMarket.com revenues were $54.455m (pcp $62.520m) and then a footnote that says . TheMarket includes 1-day sales of $49.8 million (2020: $61.1 million)
That sort of says TheMarket.com revenues were only $4.7m (pcp $1.4m) which really seems stuff all for the effort
Don't really have any idea how the two work or even if they are the same thing. I'm thinking 1-Day might be 'real' sales (what customers pay) and that for THeMarket they get a cut of what go through
But when you see the metrics like 19 million sessions (up 138%) and 218,000 active customers (up 207%) it all justn't make any sense
Seems a lot of effort and resource to make a big loss with only hope that one day in the future it will be HUGE
On the other hand with metrics like it has if it was a stand alone business and listed it would get say $0.5 billion valuation
Makes WHS on paper even cheaper - TheMarket worth $1.40 and other WHS operations $2.70 on a sum of the parts basis
Now that's just stupid
That sort
Couldn't help but notice this comment on Red Sheds performance in annual results announcement
Grocery has been a standout category across the year, as well as home, gardening and toys all achieving double digit growth
Hey NZTX, your post seems to be on the same thought path as me. Before this report it was an easy buy situation due to 160+ million figure to work with. We had some pretty solid info as to what was happening next. Post report, we have shifted into the unknown. It's very hard to see the short, medium or long term likely result, IMO. There are now no facts to work with. I don't like uncertainty, so have halved my holdings. It may go really well going forward, it may go badly. I just can't tell. One thing I do like is Joan buying shares late last week with her own money. That is definitely a vote of confidence. Overall, your 'crystal ball' comment seems appropriate.
I think you are right that themarket.com sales are not the gross value, but their net percentage take (which should be very high margin). Not sure how that works when themarket.com sells a WHS product, maybe they just use a standard commission rate their as well.