The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
Published 1052 days ago
It is only ten and a half months since online furniture seller Made.com (MADE) listed on the Main Market, raising £100million by issuing new shares at 200p while existing shareholders lobbed out a cheeky £90 million of stock onto gullible institutions. Today, after a dismal profits warning, the shares are just 56p to sell. Meanwhile another rat has left the sinking ship as it burns through its ill gotten IPO gains ever more rapidly.
Published 883 days ago
While the brokers told you to fill your boots with shares in Made.com (MADE) after its £775 million IPO last June, I warned you again and again that this would end badly, as you can see HERE. Made featured prominently in my 2022 ShareStock presentation. This company never had one profitable year in its 12 year existence and now as it calls in the administrators, shareholders have lost everything and the recriminations begin, led by establishment knobhead Brent Hoberman who founded this crock.
Published 958 days ago
I explained in detail earlier this week why Made.com (MADE) is going to HAVE to do a bailout placing. Floated at 200p just over a year ago, raising £100million by issuing new shares while existing shareholders lobbed out a cheeky £90 million of stock onto gullible institutions, the company is quite simply running out of cash. Today it “responded to media speculation” and essentially ‘fessed that I was right. This will be messy.
Published 889 days ago
My youngest daughter believes that Peppa Pig is a work of literary genius. Her big sister Olaf believes in man made global warming. Joshua believes in Father Christmas and I have some belief about what woould be good for Cheryl Cole. Meanwhile, Cliff Weight of Sharesoc and our in house BB messiah PL believe in the utility of broker research. I bring you three notes on Made.com (MADE), floated at 200p last June and shares in which are now c1p.
Published 890 days ago
Hurst has not stuck the ball in the back of the net yet but the crowd of bears are on the pitch clutching bottles of ouzo and is that a Fat Lady I see among them? Surely this disgrace from the IPO class of 2021 is doomed after the latest news? You cannot say that I did not, on numerous occasions, warn you all
Published 911 days ago
I say soar. The shares are up 27% at 4.3p. To those dumb fund managers who ponied up £200 million (half from the company and have from investors bailing) at 200p in last year’s IPO that will be scant consolation. They are still almost 98% offside! The news is mixed.
Published 929 days ago
On 16 August I warned HERE that Made.com (MADE) would be lucky to end the year with its bottom of the range cash forecast of £5 million and that the company needed to get away a placing of £40 million. Two days later it ‘fessed that it was working on things with its advisers. Since then matter have got worse and worse and I wonder if this can be rescued at all. First up is the very obvious cash crisis
Published 889 days ago
Yesterday, Made.com (MADE) admitted that having failed to refinance and failed to find a trade buyer the game was almost up. What else would you expect from a company founded by blaggers and bluffers like Lastminute’s Brent Hoberman and Chloe Macintosh who is now pushing Kama, a sexual awakening app and which has booked a stonking loss in every year of its 11 year history. Millionaire banksters might not have seen this coming but I sure did. Today the company had more news for investors as it AGAIN lied to its customers.
Published 922 days ago
As I warned you repeatedly (most recently on 16 September HERE), trading had deteriorated so much that Made.com (MADE) has today had to withdraw its prior full year guidance and, worse still, it now says that it is impossible to raise any money to bail it out on public markets. However it polished the turd it is screwed and here’s why.
Published 1077 days ago
Hello Share Climbers. As this family is looking for a new gaff, we get to look at the way most folks furnish their rooms. We see very few older beds, wardrobes and chest of drawers that used to be widely inherited. Instead, nearly every house we view online has newish stuff. That’s good news for furniture designers and suppliers, like Made.com Group (MADE).
Published 888 days ago
I wonder how top brokers value Made.com (MADE) these days? Meanwhile back in the real world we have another nail in the coffin.
Published 988 days ago
Before I turn to one of the most disastrous of the IPO’s of the class of 2021, which has more catastrophic news today, I bring you a snippet from a US survey of consumer behaviour. If you do not think the same trends are happening in the UK you are naïve.
Published 978 days ago
After Fevertree’s (FEVR) recent profits warning, Lucian Miers says that he has closed his short. Not that he expects the shares to surge higher just that he sees greater opportunities out there for the teddies. I am not so sure.
Published 981 days ago
It gives me no pleasure seeing companies heading toward bankruptcy. I do not care about institutional investors losing money. I feel some sympathy for private investors, almost certainly roped in by some newspaper tipster or those pushing low grade broker research. But I do feen genuinely sorry for staff and suppliers who will have their lives turned upside down. That6 brings us to Made.com (MADE).
Published 895 days ago
WTF is a mid season sale? In September Made.com (MADE) was pushing a "clearance sale" to those who get its spam. Last night I was invited to save up to 40% in a mid season sale as you can see below. I guess next month it will be a pre Christmas sale, then a Christmas sale in December before New Year sales start in January. In short every month at what is meant to be a premium retailer sees it act like a discount retailer. One wonders if the ASA would like to check out details of its supposed "hurry before its over" sales promotions as you can bet the ranch that the next hurry before its over promo is almost ready to go.
Published 954 days ago
Being oh so ESG friendly Made.com (MADE) not only has a bird as its CEO and also as its chairman, sorry chairperson, but it also, until today, had a full flush of 5 NEDs. Such wonderful diversity has not prevented the company guzzling cash at a prodigious rate, missing every target ever set, and it has now admitted that it needs a bailout fund raise PDQ, as I predicted HERE.
Published 1113 days ago
Hello Share Dabblers. This old punter has never recommended a furniture purveyor before. My own modest gaff doesn’t have much woodwork less than 100 years old and some of it is Elizabethan. The modern equivalent can’t hold a candle to it, in my predjudiced view. But most of the world doesn’t agree and plain, simple and chunky styles of new furniture seem to be selling well. Especially as Covid has kept more folks at home for longer. They’ve decided to pep up their living and bed rooms with newer-style furniture.
Published 960 days ago
In today's bearcast I discuss Kirsty Allsop's great macro call, Made.com's (MADE) looming financial crisis (with a screen grab below from its own website telling you how bad it is), the oil price ( down 25% in two months and falling) and Canadian Overseas Petroleum (COPL) and why it is a zero in 2023.
Published 931 days ago
I start with window activity here at the Welsh Hovel and what it tells you about the economy. Then onto Wildcat (WCAT), Versarien (VRS), Made.com (MADE) and finally a detailed look at Bidstack (BIDS) where you should be short.
Published 930 days ago
In today's Bearcast, I discuss banksters’ bonuses and the evil Tories, Made.com (MADE), Checkit (CKT), musicMagpie (MMAG), Versarien (VRS) and THG (THG).
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