Ebtm Share Discussion Threads

[westcoastrich] 12/11/2008 17:46

Although there are expected to be over 100,000 individual insolvencies this year alone, many companies are collapsing as well, with numbers estimated to be around 20,000.

[niggle] 11/11/2008 20:48

I wonder how all the buyers from the last few days feel now they can see clearly they could have bought at 1.24! lol

[niggle] 11/11/2008 09:36

Ashley, what are you doing spamming this thread?

[bikkit] 11/11/2008 08:48

Another load of rubbish from that 'bucket shop' Hoodless Brennan.

Cant believe clients would buy these at 1.5p when second placing hasn,t taken effect.

[dieterich buxtehude] 10/11/2008 23:05

Then why on earth don't they dish out some positive news?? Instead of causing concern by their lack of action??

[lloydebtm] 10/11/2008 22:24

Three million shares bought today (one million by me) things going on that I cannot say but I have no problem in keep buying these shares until I get my 5%.
Great things come to those that wait :)
Massive deals with massive companies on the cards :)

[poppadomonlinedotcom] 09/11/2008 09:12

will it survive?

[moob] 09/11/2008 09:10

Online fashion retailer EBTM Plc said on Friday it expects
to post a small operating loss for the first half, mainly on challenging trading
conditions for its wholesale division, and its shares fell 38 percent in morning
trade.

[radarlove] 08/11/2008 21:26

barnsey,

The big difference, in my view, between the growth pains of ASOS and EBTM are:

a) ASOS were part of the first wave of online retail companies to capitalise on the market's exponential growth during the early millennium. The first in gives them a great advantage over later competitors as the world lurches into economic recession.

b) ASOS have established themselves as a leading online fashion retailer before the impending recession bites.

c) In their bid to quickly expand, EBTM went into High Street wholesale (eg Lowlife) - a huge mistake which has come to haunt them. A small, young, struggling company cannot make too many errors - otherwise, they go under. EBTM are presently surviving via a share placing which only dilutes the shares further. Another major mistake and EBTM are probably dust.

d) Nick Robertson is a far better and more experienced CEO than Richard Breeden while financial backer and Director Quentin Griffiths was the No.2 behind Robertson at ASOS before he left to make it on his own. As with Steve McClaren (football) or Gordon Brown (politics), for example, No.2s rarely make successful No.1s.

[barnsey] 08/11/2008 20:54

radarlove

Part of an article from Nick Robertson and yes the growth pains were there as
you would expect with any budding young company ebtm included.



So in 1999, with £2.4m raised from his brother and wealthy friends in Monaco, Robertson set up As Seen On Screen (ASOS) in Covent Garden. The idea was to sell products associated with celebrities online, such as the pestle and mortar used by Jamie Oliver on cookery programmes. Then one of Robertson's buyers urged him to start selling clothes to enable people to copy celebrities' looks as well. He started off slowly, with items for sale including black trousers similar to those worn by Kylie Minogue, and strappy tops worn by the band Atomic Kitten. "Slowly but surely the clothes began to outsell everything else. Over the next two to three years the fashion side took off."


Sales grew from £400,000 in 1999 to £1.5m by 2001, but there were times along the way when things got so rough that Robertson struggled to pay his wages bill. "It was pretty nasty. But every week, every month, every year, we saw sales going up." By 2003, the firm broke even on a turnover of £8m and ASOS took its first full page ad in the celebrity magazine, Heat. "ASOS was born on the back of those magazines," Robertson says. "We rode the wave of celebrity culture." Demand for copycat celebrity clothing continued to soar, with ASOS sourcing and stocking new items as fast as celebrities were pictured wearing them.

[radarlove] 08/11/2008 12:21

dixi,

Having sold my EBTM stake back in the Spring, after being a previously optimistic investor, I can only warn present shareholders to be careful. The steep rise and then fall of the share price this week is classic MM manipulation and common amongst penny shares. A case of 'eeking out some action' from investors whether buy or sell, as it lyes becalmed, while using 'the placing' as the excuse.

I was attracted to EBTM, initially, due to the ASOS connection. The idea that the company would emulate or at least offer some mirroring of the online fashion retailer's magnificent growth story was an attractive proposition. But ASOS, I now realise, is a one-off success story with a one-off 'once in a blue moon' Chairman Nick Robertson.

Quentin Griffiths and Richard Breeden are not in the same league, in my view, and appear to be going through all the growth pains, errors and disappointments that lesser more common mortals experience. Add to this an impending deep recession and the future doesn't augur well.

Disappointment is my word to describe EBTM. Initially, so full of promise, yet a reality check offers nothing more than a typical struggling young company with the recessionary odds well and truly stacked against them.

Meanwhile, another one of Quentin Griffith's online companies, ADILI, is surely doomed to fail in a recession given the "Fairtrade" nature of its products. During recessionary times, when saving money is all important, will the public give two hoots about ethical trading when you're paying two, sometimes three times less money for a similar non-Fairtrade item?

[abc125] 07/11/2008 19:23

I'm surprised Lloyd did not partake in the placing.

[dixi] 07/11/2008 10:36

Wonder how many got sucked in over the last couple of days - was this orchestrated to let some out on the rise?

None the less EBTM are funded - wonder what they will spend it on - that is over £1m raised this year I do believe!

Not sure how LLOYDEBTM will feel about this after his purchases over the last two days?

[baheid101] 07/11/2008 10:16

Given that the new Blue Oar forecasts had the company generating £1.7m operating profit in the current financial year and the company moving to a net cash position of £300k, the requirement for a massive working capital injection highlights trading on the wholesale side is deteriorating rapidly. Note that EBTM.com is again in having a big sale again, which to my mind highlights that wholesale orders must have got even worse or their buyers are continuing to order too much stock. Its clearly not easy - for all we know some of the wholesale clients may have gone bust or cancelled orders (the high street is a tough place for small independents) which is hard to plan for.

I look forward to the AGM because I have about 1 million questions about whats going on.

On a brighter note I just found the Atticus Australia page on MySpace which notes that 100 Virgin Megastores are now stocking Atticus. Thats not insignificant. Set against that it doesn't look like the trial of Atticus t shirts on the Hot Topic website in the US is going that well with all products in the bargain bin.

[greengiant] 07/11/2008 10:02

But full credit to them, they managed toi get the funding away which in these times is a good achievement. Now maybe they can concentrate on the business instead of the creditors

gg

[greengiant] 07/11/2008 09:56

Maybe I wasn't too wrong. So H1 has gone from £160k Op profit in H1 2007 to "The Company expects to make a small operating loss in the first half year, which is in line with management expectations"

[granny7] 07/11/2008 09:53

Sooooooooooo what happened to the profits from last year?

[aly48] 07/11/2008 09:48

85 million shares to underpin growth?
Management should stop trying to sound like amateur spin doctors when they are actually causing massive dilution to the company.

[bsg] 07/11/2008 09:38

Shafted !!

[trigger45] 07/11/2008 07:06

EBTM plc, the online retailer of music inspired fashion, has conditionally raised £850,000 before expenses through the placing of 85,000,000 new ordinary shares ('Placing Shares') with institutional investors at a price of 1p per share the ('Placing').




The Placing will take place in two instalments. The first instalment will be in respect of 40,000,000 of the Placing Shares ('the First Placing Shares'). Application will be made for the First Placing Shares to be admitted to trading on AIM with admission expected to take place on 12 November 2008 ('the First Placing'). The issue of the remaining 45,000,000 Placing Shares ('the Second Placing Shares') is conditional on the passing of resolutions at a Annual General Meeting of EBTM to be held on 18 November 2008 to grant the necessary authorities to the directors pursuant to the Companies Act 1985 ('the Second Placing'). Application will be made for admission of the Second Placing Shares which is expected to take place on 19 November 2008 subject to the passing of the resolutions put to the AGM.




The Placing Shares represent 31.6 per cent. of the enlarged share capital of the Company. Following the issue of the Placing Shares, the Company will have 354,097,744 ordinary shares in issue.




These funds will be used to underpin the continued growth of the online retail business.




During the first 24 weeks of the current financial year online revenues have increased by 17 per cent. compared to the same period in the prior year with sales conversion rates touching record levels and improved margins. As previously announced, trading conditions for the wholesale division remain challenging. The Company expects to make a small operating loss in the first half year, which is in line with management expectations. As in prior years, the bulk of sales and profits are expected in the second half of the financial year. The directors remain confident that, as the key Christmas period approaches, the online retail business is well positioned to deliver accelerated growth rates.

[lloydebtm] 06/11/2008 18:27

Seen it at 1p but probably wont see that again but did buy another 400000 today

[niggle] 06/11/2008 09:13

Lloyd, the price was right yesterday morning :O/