Appreciate Share Discussion Threads

[petrencf] 19/1/2022 10:20

"We expect profits to rise from 1.3m last year to £7m this year and 9.3m next year." 16.12.21 directors talk interview

[andre] 19/1/2022 10:13

I would think that the free cash suggests they are doing well on that front too.

[spooky] 19/1/2022 10:04

Absolutely no mention of profitability and no guidance on performance in relation to earnings expectations. Not a lot of help IMO.

[andre] 19/1/2022 08:10

Looking at the chart they were also valued at 60p in January 2020 on similar numbers. So the market has a way to go to value them fairly imo.

[petrencf] 19/1/2022 08:07

I agree, André. Covid hit them hard, but they stayed profitable. If they can return to a EPS 4-5p in the next year it would be a good base for start.

[andre] 19/1/2022 07:57

The results are decent and in line with expectations. It is a business undergoing change having successfully weathered 2 years of a pandemic. A bit more credit due to be fair. After all, they were in a market hit hard and have come out growing.

[powerp2] 19/1/2022 07:53

I think they momentum from the business ' inertia. Current management have spent millions, under sold valley rd. Paid themselves handsomely but commercially advanced not a jot. We need a new experienced chairperson to shake them up.
The CEO needs to go

[cfro] 19/1/2022 07:40

Q3 billings flat on '21. Trying to dress-up the figures against '20 where they look a bit better (up 13%).

Good to see corporate billings up at £77.6m but HighStreetVouchers down 5.4% (but up 9.5% against '20 hey!)

Overall billings running 10% ahead which is something but i am not liking all this confusion in the sales mix.

[powerp2] 11/1/2022 21:03

19 January an update on Q3 trading. We need to see clear progress not waffle and continued zombie company performance

[mr5k] 31/12/2021 08:39

hoping that app should have benefitted from cancelled xmas parties, too.

[cfro] 30/12/2021 14:07

I see the Park Christmas savings advertising campaign now in full swing.

Seen the advert repeated several times a day every day since Boxing day. A little wait i guess to see if it has any effect on next years results.

[powerp2] 21/12/2021 08:05

Personally I have always been unsure about him but gave him the benefit of the doubt. In terms of delivery for shareholders he's been a failure as measured by dividend and share price. Since PJ and his last CEO ( Chris something a long term company man) left The business has been hijacked by the latest BOD with inertia from largest stakeholders allowing it to happen.

[boonkoh] 20/12/2021 21:03

Why? Existing shareholders have been happy to be silent in the last few years. What will change? No new names on the register.

[powerp2] 20/12/2021 17:28

If you're right about a profits warning then CEO has to be sacked and a new external appointment made along with Chairman

[boonkoh] 20/12/2021 12:58

Hmm might be a bit of a profit warning TU to come.Billings shouldn't be impacted by omicron. May even have increased as work Xmas parties cancelled, replaced with vouchers.But redemptions would have been impacted due to omicron, which hits revenues.Lets wait and see. Consumer spending was high in Nov so hopefully they had outperformed then, to make for a bit of shortfall in Dec.

[powerp2] 16/12/2021 17:48

Increased depreciation charge on all capital spent is significantly higher I'm afaid
Anyone see the Mellomonday presentation?

[mr5k] 16/12/2021 12:57

Today's interest rate adds £210k to the bottom line.

[mr5k] 15/12/2021 21:36

He's certainly got a banker's salary/comp set up. This business does not need a banker. It needs someone who understands retail in an internet age.

[powerp2] 15/12/2021 17:34

I don't think he was a good banker hence the move.
He is a talker and spender with no history of evidence of delivering increasing shareholder value. He needs to go.

[mr5k] 15/12/2021 16:04

The company may get bailed out by rising interest rates. The MPC view is that the current 5%+ inflation is a one off but it shows little signs of abating. Assuming £150m as av cash, every point in interest rates is worth £1.5m in earnings.

[mr5k] 15/12/2021 16:00

I just checked the annual report and you guys are right. CEO got paid nearly 50% more in 2021 (£559k vs £390) for basically doing his job! In addition the management have a hedge fund fee structure if the shares do really well. So, it's basically heads I win, tails you loose capitalism. These kind of incentives are not helpful.

The CEO's £559k for business that made £1.3m in 2021 and a m/c of £40m is too much. No doubt he hit all his targets, which have not been disclosed to the market, I wonder why?

The company describes itself as a financial services firm but it really is a retail services firm, which may go to the heart of the problem. The CEO is a banker and lacks the experience and expertise to take the business to the next level. I'd been supportive until I saw this year's pay out. But at least they had the decency - and that's worth something - to repay the furlough before paying out bonuses.

The chairman is leaving and probably time for the CEO to recognise different skills are needed.

[powerp2] 15/12/2021 11:17

It's been talk talk talk since this new regime took over.
Remember the " new product" they banged on about for months and months and how it was going to fly - we'll it didn't. I think they called it gilphy or some such nonsense ( like Appreciate as a company's name = totally naff)
Their market research and marketing was embarrassingly bad.
Last chance saloon as far as I'm concerned - we want delivery!

[powerp2] 15/12/2021 11:09

Totally agree !

[cfro] 14/12/2021 11:33

Was a presentation to investors on Mello Monday (yesterday), i've not seen it myself.

It's ok them talking the talk but 'bout time they started to walk the walk imo.