Mysale Group (MYSL)

Sector:

Retailers

Index:

FTSE AIM All-Share

 5.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 6.60p
  • 52 Week Low: 1.85p
  • Currency: UK Pounds
  • Shares Issued: 844.71m
  • Volume: 0
  • Market Cap: £48.57m
  • RiskGrade: 279

MySale Group losses deepen as restructuring takes toll

By Duncan Ferris

Date: Thursday 05 Dec 2019

LONDON (ShareCast) - (Sharecast News) - MySale Group on Thursday reported a wider annual loss as revenue dived and margins were slashed amid restructuring efforts.
The Australia and New Zealand-focused business booked a loss before tax of A$58.2m (£30.2m) for the year ended 30 June, a sharp deterioration from the A$3.7m loss registered in the year before, as revenues slid by 29% to A$208.6m.

The drop in turnover came after the online retailer encountered difficulties due to changes in Australian goods and services taxes, while it also disposed of its UK website and shutdown online operations in the Philippines and Thailand.

Gross margin tumbled from 28.6% to 8.9% as the AIM traded company booked significant costs associated with restructuring the business, which included supply chain optimisation and the closure of offices and warehouses in the UK and US.

MySale said trading in its ongoing financial year has been in line with management expectations, leading the board to anticipate that its next set of annual underlying earnings and revenue will live up to management forecasts.

Chief executive Carl Jackson said: "It has been a difficult year for MySale during which we faced a series of significant challenges which resulted in a disappointing financial performance for the group. We have now implemented the necessary changes to rebuild from a strengthened platform."

Jackson added that the company's new organisational structure, improved business model and debt free status meant it was primed to deliver value moving forwards.

MySale shares were up by 1.99% at 3.59p at 1234 GMT.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Mysale Group Market Data

Currency UK Pounds
Share Price 5.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 6.60p
52 Week Low 1.85p
Volume 0
Shares Issued 844.71m
Market Cap £48.57m
RiskGrade 279

Mysale Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
41.36% below the market average41.36% below the market average41.36% below the market average41.36% below the market average41.36% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
Price Trend
43.01% above the market average43.01% above the market average43.01% above the market average43.01% above the market average43.01% above the market average
36.00% above the sector average36.00% above the sector average36.00% above the sector average36.00% above the sector average36.00% above the sector average
Income Not Available
Growth
17.15% below the market average17.15% below the market average17.15% below the market average17.15% below the market average17.15% below the market average
10.2% below the sector average10.2% below the sector average10.2% below the sector average10.2% below the sector average10.2% below the sector average

Mysale Group Dividends

No dividends found

Trades for --2020

Time Volume / Share Price
0 @ 0.000p

Mysale Group Key Personnel

CEO Carl Jackson
Chair Charles A N Butler

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