QXL-Ricardo lebt!!!! - 500 Beiträge pro Seite
eröffnet am 06.05.01 20:38:09 von
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Meistdiskutierte Wertpapiere
Platz | vorher | Wertpapier | Kurs | Perf. % | Anzahl | ||
---|---|---|---|---|---|---|---|
1. | 1. | 18.182,64 | +1,41 | 236 | |||
2. | 3. | 0,1855 | -1,85 | 97 | |||
3. | 2. | 1,1000 | -20,29 | 96 | |||
4. | 5. | 9,3650 | +1,30 | 63 | |||
5. | 4. | 167,71 | -1,45 | 57 | |||
6. | Neu! | 0,4250 | -1,16 | 40 | |||
7. | Neu! | 4,7980 | +6,98 | 34 | |||
8. | Neu! | 11,905 | +14,97 | 32 |
Aktie 928328 scheint in Deutschland ja gar nicht mehr gefragt zu sein! Habt Ihr alle schon Ricardo vergessen? Wo sind die ehemaligen Aktionäre bloß hin?
Die Aktien von QXL sind so ausgebombt und das aber mit Unrecht. QXL und Ricardo haben die Fusion geschafft und das ist heutzutage eine Menge. Durch die Fusion werden Kosten gespart und der Break-Even wird nicht schnell aber bald und sicher glücken!
Wer mit Ricardo verlorengegangenes Geld wieder zurückgewinnen will oder einfach so ein paar % Gewinne machen will, sollte noch vor dem Sommer in QXL einsteigen!
MfG
Chrispi
Die Aktien von QXL sind so ausgebombt und das aber mit Unrecht. QXL und Ricardo haben die Fusion geschafft und das ist heutzutage eine Menge. Durch die Fusion werden Kosten gespart und der Break-Even wird nicht schnell aber bald und sicher glücken!
Wer mit Ricardo verlorengegangenes Geld wieder zurückgewinnen will oder einfach so ein paar % Gewinne machen will, sollte noch vor dem Sommer in QXL einsteigen!
MfG
Chrispi
Dein Optimismus ist ja zu bewundern,bloß hier kannst Du damit keine großen Erfolge verzeichnen. Wer kauft(Auktionen)schon bei Ricardo oder QXL?Die meisten Anleger wissen wohl das dieses Auktionshaus keine Zukunft haben wird. Die einzige Chance für deutlich steigende Kurse sehe ich in der Phantasie einer Übernahme durch eBay.
Nur zum Vergleich schau Dir doch einfach mal die Homepages von Ricardo und von eBay an. Das nenne ich einen deutlichen Unterschied.
Nichts für ungut.
Bankentipp
Nur zum Vergleich schau Dir doch einfach mal die Homepages von Ricardo und von eBay an. Das nenne ich einen deutlichen Unterschied.
Nichts für ungut.
Bankentipp
Hallo,
deine Aussage das Ricardo eine schlechte Seite hat,kann ich so nicht stehen lassen.
Ricardo wurde einige Male auf Platz 1 gewählt.
Bevor Du sowas ins Board stelltst,erkündige Dich erst einmal
richtig!!!!
deine Aussage das Ricardo eine schlechte Seite hat,kann ich so nicht stehen lassen.
Ricardo wurde einige Male auf Platz 1 gewählt.
Bevor Du sowas ins Board stelltst,erkündige Dich erst einmal
richtig!!!!
Hallo!
Kann mich Iseki nur anschließen. Das Produkt von QXL Ricardo ist nicht so schlecht wie der Kurs der Aktie!
Der Internetauftritt von Ebay ist nicht um soviel besser als der von QXL!
MfG
Chrispi
Kann mich Iseki nur anschließen. Das Produkt von QXL Ricardo ist nicht so schlecht wie der Kurs der Aktie!
Der Internetauftritt von Ebay ist nicht um soviel besser als der von QXL!
MfG
Chrispi
Guten Morgen,
ist denn jemand von euch Kunde bei der tollen und preisgekrönten Ricardo?? Vieleicht waren früher (eingeschlossen ich) viele Kunden,aber seit geraumer Zeit laufen ja wohl unbestritten Ricardo die Kunden in Schaaren weg. Ich kenne niemandern in meinem Umfeld der heute noch Geschäfte über Ricardo tätigt. Alle ohne Ausnahme sind aber Kunden von eBay. Vieleicht ist es ja bei euch ähnlich,vieleicht seid Ihr ja Ricardo-Kunden?Dann tut Ihr mir Leid,denn Ihr gehört zu einer aussterbenden Rasse.
Gruß
Bankentipp
ist denn jemand von euch Kunde bei der tollen und preisgekrönten Ricardo?? Vieleicht waren früher (eingeschlossen ich) viele Kunden,aber seit geraumer Zeit laufen ja wohl unbestritten Ricardo die Kunden in Schaaren weg. Ich kenne niemandern in meinem Umfeld der heute noch Geschäfte über Ricardo tätigt. Alle ohne Ausnahme sind aber Kunden von eBay. Vieleicht ist es ja bei euch ähnlich,vieleicht seid Ihr ja Ricardo-Kunden?Dann tut Ihr mir Leid,denn Ihr gehört zu einer aussterbenden Rasse.
Gruß
Bankentipp
@ Bankentipp
Hallo,
weiß zwar nicht in was für einem Umfeld Du lebst,ich aber bin Ricardo-Kunde und mit mir sind es noch viele andere.
Deine Stimmungsmache gegen QXL-RICARDO geht mir langsam auf die Nerven.Such Dir mal ein anderes Board.
Iseki
Hallo,
weiß zwar nicht in was für einem Umfeld Du lebst,ich aber bin Ricardo-Kunde und mit mir sind es noch viele andere.
Deine Stimmungsmache gegen QXL-RICARDO geht mir langsam auf die Nerven.Such Dir mal ein anderes Board.
Iseki
Also ich muß sagen daß e-bay gegenüber qxl/ricardo einiges weniger zu bieten hat! Optik, Bedienung und Angebote sind bei qxl/ricardo einfach schöner und besser gemacht!
Viel meiner Bekannten sind derselben Meinung. Besonders die Live-Auktionen sind hier hervorzuheben!
Auch startet qxl/ricardo ständig neue interessante Aktionen. Ganz zu schweigen von dem nun hervorragenden Kunden-Service, den ich selber schon mehrmals zu meiner vollsten Zufriedenheit getestet habe ( schnell, freundlich, zuverlässlich )!
Die sind auf dem richtigen Weg und höhere Kurse sind meiner Einsicht in 1-2 jahren keine Problem.
So long :-)
Viel meiner Bekannten sind derselben Meinung. Besonders die Live-Auktionen sind hier hervorzuheben!
Auch startet qxl/ricardo ständig neue interessante Aktionen. Ganz zu schweigen von dem nun hervorragenden Kunden-Service, den ich selber schon mehrmals zu meiner vollsten Zufriedenheit getestet habe ( schnell, freundlich, zuverlässlich )!
Die sind auf dem richtigen Weg und höhere Kurse sind meiner Einsicht in 1-2 jahren keine Problem.
So long :-)
Ich kann euch nur sagen das Ihr mir leid tutmit euren versuchsgepushe,jetzt könnt Ihr wieder schlecht über mich schreiben wie es euch gefäält und das Ricardo der Renner ist,deshalb sind sie ja wohl so im Keller weil das der absolute Renner ist und viel viel besser als eBay.Na dann gute Nacht und gebt die Hoffnung nicht auf ....lach lach.
Gruß
Bankentipp
Gruß
Bankentipp
Nicht gleich traurig werden.
QXL/ricardo wird aber nun mal eine bessere Performance die nächsten Jahre hinlegen als e-Bay!
Die sind im Vergleich zu e-Bay unterbewertet.
Und wir lieben sie halt!
That`s it!
QXL/ricardo wird aber nun mal eine bessere Performance die nächsten Jahre hinlegen als e-Bay!
Die sind im Vergleich zu e-Bay unterbewertet.
Und wir lieben sie halt!
That`s it!
Versuchsgepushe????
QXL war vor knapp einem Jahr auf über € 30! Wie sind den die dort hingekommen???
Würde mal behaupten dass da (Profi-)Pushen Schuld daran war!
Wenn einige Leute hier über QXL positiv berichten, dann hat das noch lange nichts mit Pushen zu tun!
MfG
Chrispi
QXL war vor knapp einem Jahr auf über € 30! Wie sind den die dort hingekommen???
Würde mal behaupten dass da (Profi-)Pushen Schuld daran war!
Wenn einige Leute hier über QXL positiv berichten, dann hat das noch lange nichts mit Pushen zu tun!
MfG
Chrispi
hallo zusammen,
gerüchten zufolge will ebay qxl übernehmen. die liquiden
mittel bei qxl sind derzeit doppelt so hoch wie der
gegenwärtige börsenwert.
quelle der aktionär
hört sich doch nicht schlecht an, überlege mir gerade
ob ich mir am montag nicht ein paar ins depot lege.
gruss
krabat
gerüchten zufolge will ebay qxl übernehmen. die liquiden
mittel bei qxl sind derzeit doppelt so hoch wie der
gegenwärtige börsenwert.
quelle der aktionär
hört sich doch nicht schlecht an, überlege mir gerade
ob ich mir am montag nicht ein paar ins depot lege.
gruss
krabat
Hi an alle
Am 25.5. kommen Quartalszahlen! Kommen da eventuell auch andere Neuigkeiten???
MfG
Chrispi
Am 25.5. kommen Quartalszahlen! Kommen da eventuell auch andere Neuigkeiten???
MfG
Chrispi
Hallo Leute,
auch wenn Internetwerte eigentlich überhaupt nicht mein Spezialgebiet sind, so glaube ich dennoch, daß ricardo.de (oder QXL Ricardo) als Nr. 2 in Europa im Aktienkurs doch deutliches Potential nach oben hat.
Klar - die Aktie ist ausgebomt - viele Aktionäre haben die Aktie nicht zuletzt wegen des Kursverfalls und der Aktienumstellung auf QXL Ricardo weiter geschmissen.
Als Nr.-2-Auktionator in Europa wird man aber mittelfristig ebenso wie Ebay in die Gewinnzone kommen, da das Konzept absolut identisch ist.
Und noch was zur Qualität: Sicherlich mag bei Ebay zum heutigen Zeitpunkt mehr los sein (Zahl der Auktionen), aber dafür verfügt ricardo.de über Klasse-Feautures (Live-Auktionen etc.) und vermehrt Specials (z.B. Kinokarten-Auktionen), die Ebay einfach in der Form nicht hat. Habe die letzten drei Monate fünf Lieferungen von ricardo.de erhalten, wo alles tadellos gepasst hat.
Die Skeptiker können ja warten, bis dann mal operative Gewinne veröffentlicht werden - mal schauen, wo die Aktie dann steht :-)).
LTinvestor
PS: Übrigens haben die dt. Zertifikate die WKN 578885, Reuters QXLz.F (dürfte auch, so glaube ich, in diesem Jahr noch steuerl. Vorteile haben, da Behandlung als dt. Unternehmen möglich sein dürfte).
auch wenn Internetwerte eigentlich überhaupt nicht mein Spezialgebiet sind, so glaube ich dennoch, daß ricardo.de (oder QXL Ricardo) als Nr. 2 in Europa im Aktienkurs doch deutliches Potential nach oben hat.
Klar - die Aktie ist ausgebomt - viele Aktionäre haben die Aktie nicht zuletzt wegen des Kursverfalls und der Aktienumstellung auf QXL Ricardo weiter geschmissen.
Als Nr.-2-Auktionator in Europa wird man aber mittelfristig ebenso wie Ebay in die Gewinnzone kommen, da das Konzept absolut identisch ist.
Und noch was zur Qualität: Sicherlich mag bei Ebay zum heutigen Zeitpunkt mehr los sein (Zahl der Auktionen), aber dafür verfügt ricardo.de über Klasse-Feautures (Live-Auktionen etc.) und vermehrt Specials (z.B. Kinokarten-Auktionen), die Ebay einfach in der Form nicht hat. Habe die letzten drei Monate fünf Lieferungen von ricardo.de erhalten, wo alles tadellos gepasst hat.
Die Skeptiker können ja warten, bis dann mal operative Gewinne veröffentlicht werden - mal schauen, wo die Aktie dann steht :-)).
LTinvestor
PS: Übrigens haben die dt. Zertifikate die WKN 578885, Reuters QXLz.F (dürfte auch, so glaube ich, in diesem Jahr noch steuerl. Vorteile haben, da Behandlung als dt. Unternehmen möglich sein dürfte).
Qxl gibt heute in London -13 % ab. Umsätze waren ziemlich hoch, weiß jemand was da los ist?
MfG
MfG
wo bekommst Du die Kurse aus London her ?
Danke !
Danke !
@Corner
Unter www.londonstockexchange.com braucht man nur das Kürzel Qxl eingeben. Die Kurse sind 15 min. zeitverzögert.
MfG
Unter www.londonstockexchange.com braucht man nur das Kürzel Qxl eingeben. Die Kurse sind 15 min. zeitverzögert.
MfG
Gestern runter, heute wieder kräftig rauf. Nervöses Hin- und Hergehampele vor den Zahlen am Freitag.
LTinvestor
LTinvestor
Juhui!
QXL lebt! Únd wie! Fast 100% heute! Das gibt was zu Feiern heute für alle QXL-Aktionäre!
Ich freu mich wirklich sehr über diese Investition, doch da ist noch eine andere Aktie in meinem Depot:Teldafax........
Soll ich jetzt weinen oder lachen???
MfG
Chrispi
QXL lebt! Únd wie! Fast 100% heute! Das gibt was zu Feiern heute für alle QXL-Aktionäre!
Ich freu mich wirklich sehr über diese Investition, doch da ist noch eine andere Aktie in meinem Depot:Teldafax........
Soll ich jetzt weinen oder lachen???
MfG
Chrispi
Hi Chrispie,
war in der Tat ein schöner Tag gestern für uns alle - auch wenn es für die meisten Aktionäre, die schon länger dabei seind, wohl noch ein langer Weg sein wird, bis sie Ihren Break-Even mal wieder sehen:
Trotzdem - das Unternehmen hat seine Arbeit ordentlich gemacht. Der Verlust war weitaus geringer als von Analysten erwartet. Die Kosten sind von Quartal zu Quartal weiter rückläufig gewesen - 2003 soll deshalb bei weiter rückläufigen Kosten die Gewinnzone erreicht werden. Außerdem wurde eine Kooperation mit Microsoft bekannt gegeben, wozu Microsoft QXL Ricardo eine neue Plattformsoftware kostenfrei zur Verfügung stellt, die übrigens auch von Ebay benutzt wird.
Vor einigen Wochen wurde übrigens in einer Londoner Zeitung (weiß nicht mehr welche) ein Artikel über eine mögliche Übernahme von QXL Ricardo durch Ebay publiziert. Auch das ist aufgrund der recht guten Aufstellung von QXL Ricardo, wie eben auch die Zahlen bewiesen haben, denkbar - Ebay hat dies ja bei alando.de auch schon mal in Deutschland getan.
Unabhängig davon, sind alle QXL-Ricardo/Ricardo.de Aktien gestern in Deutschland zu billig gewesen. Der faire Euro-Kurs beträgt bei Umrechnung des Londoner Schlußkurses 0,18 Euro. Bei der WKN 928328 hatten wir den Kurs zeitweise auch. Allerdings notierte die WKN 578885 (dt. Zertifikate) lediglich zwischen 0,14 und 0,17 Euro. Außerdem ging`s an der Nasdaq ggüb. dem Kurs von 20 Uhr (4 USD) bis 22 Uhr (4,12 USD) und nachbörslich (4,33 USD) sogar noch weiter rauf. Ich weiß zwar nicht, wie sich der Wert der ADS, die dort gehandelt werden (Reuters: QXLC.O), errechnet, aber immerhin wurden dort mit 4,5 Mio. Aktien fast 50% des Londoner Umsatzes gehandelt. Dies zu den QXL-Ricardo-Aktien!
Hochinteressant könnte jedoch m.E. nun ein Engagement in Ricardo.de Aktien sein (die alten Aktien, die von QXL zu 92% aufgekauft wurden). Diese Aktien mit der WKN 702070 (Reuters: RIDG.F) liefen in der Vergangenheit i.d.R. fast 1:1 mit der prozentualen QXL-Ricardo-Aktienkursveränderung mit, mal mit bis zu 20% Auf-/Abschlag, aber immer recht konform.
Für eine Ricardo.de Aktie hat man beim Aktientausch seinerzeit 34 Aktien von der neuen Gesellschaft QXL Ricardo erhalten. Das bedeutet auf Basis des Schlußkurses vom Freitag 3,40 Euro wäre der "Kaufpreis" einer QXL-Ricardo-Aktie 0,10 Euro, also ein Abschlag von 80%!!!!!!!!!!!!!!! Die Aktie müsste bei ca. 6,5 Euro liegen, um fair im Verhältnis zu den QXL-Ricardo-Aktien zu liegen, und von da aus sich weiter mit dem QXL-Ricardo-Aktienkurs entwickeln.
- Das sollte eine echte Tradingchance in Ergänzung zu unserem längerem Engagement in QXL Ricardo sein -
Vorerst allen ein wunderschönes Wochenende!!!
LTinvestor
war in der Tat ein schöner Tag gestern für uns alle - auch wenn es für die meisten Aktionäre, die schon länger dabei seind, wohl noch ein langer Weg sein wird, bis sie Ihren Break-Even mal wieder sehen:
Trotzdem - das Unternehmen hat seine Arbeit ordentlich gemacht. Der Verlust war weitaus geringer als von Analysten erwartet. Die Kosten sind von Quartal zu Quartal weiter rückläufig gewesen - 2003 soll deshalb bei weiter rückläufigen Kosten die Gewinnzone erreicht werden. Außerdem wurde eine Kooperation mit Microsoft bekannt gegeben, wozu Microsoft QXL Ricardo eine neue Plattformsoftware kostenfrei zur Verfügung stellt, die übrigens auch von Ebay benutzt wird.
Vor einigen Wochen wurde übrigens in einer Londoner Zeitung (weiß nicht mehr welche) ein Artikel über eine mögliche Übernahme von QXL Ricardo durch Ebay publiziert. Auch das ist aufgrund der recht guten Aufstellung von QXL Ricardo, wie eben auch die Zahlen bewiesen haben, denkbar - Ebay hat dies ja bei alando.de auch schon mal in Deutschland getan.
Unabhängig davon, sind alle QXL-Ricardo/Ricardo.de Aktien gestern in Deutschland zu billig gewesen. Der faire Euro-Kurs beträgt bei Umrechnung des Londoner Schlußkurses 0,18 Euro. Bei der WKN 928328 hatten wir den Kurs zeitweise auch. Allerdings notierte die WKN 578885 (dt. Zertifikate) lediglich zwischen 0,14 und 0,17 Euro. Außerdem ging`s an der Nasdaq ggüb. dem Kurs von 20 Uhr (4 USD) bis 22 Uhr (4,12 USD) und nachbörslich (4,33 USD) sogar noch weiter rauf. Ich weiß zwar nicht, wie sich der Wert der ADS, die dort gehandelt werden (Reuters: QXLC.O), errechnet, aber immerhin wurden dort mit 4,5 Mio. Aktien fast 50% des Londoner Umsatzes gehandelt. Dies zu den QXL-Ricardo-Aktien!
Hochinteressant könnte jedoch m.E. nun ein Engagement in Ricardo.de Aktien sein (die alten Aktien, die von QXL zu 92% aufgekauft wurden). Diese Aktien mit der WKN 702070 (Reuters: RIDG.F) liefen in der Vergangenheit i.d.R. fast 1:1 mit der prozentualen QXL-Ricardo-Aktienkursveränderung mit, mal mit bis zu 20% Auf-/Abschlag, aber immer recht konform.
Für eine Ricardo.de Aktie hat man beim Aktientausch seinerzeit 34 Aktien von der neuen Gesellschaft QXL Ricardo erhalten. Das bedeutet auf Basis des Schlußkurses vom Freitag 3,40 Euro wäre der "Kaufpreis" einer QXL-Ricardo-Aktie 0,10 Euro, also ein Abschlag von 80%!!!!!!!!!!!!!!! Die Aktie müsste bei ca. 6,5 Euro liegen, um fair im Verhältnis zu den QXL-Ricardo-Aktien zu liegen, und von da aus sich weiter mit dem QXL-Ricardo-Aktienkurs entwickeln.
- Das sollte eine echte Tradingchance in Ergänzung zu unserem längerem Engagement in QXL Ricardo sein -
Vorerst allen ein wunderschönes Wochenende!!!
LTinvestor
So - ich habe rausgefunden, daß sich ein ADR, das in USA gehandelt wird auf 25 Aktien bezieht - was bedeutet, daß die QXL-Ricardo Aktie auf Basis des offiziellen Schlußkurses (4,12 USD) an der Nasdaq bei 0,192 Euro geschlossen hat.
Auf Basis des nachbörslichen Kurses von 4,33 USD sind`s sogar nach meinen Berechnungen 0,202 Euro.
Übrigens war meine Aussage zum Umsatz natürlich auch falsch. An der Nasdaq war die gehandelte Aktienanzahl zwar ca. 4,5 Mio. Aktien - die ja aber, um sie mit dem Handel in GB und D vergleichbar zu machen, mit 25 multipliziert werden müssen - also 4,5 Mio. x 25 : 2 (bei der Nasdaq bedeutet Umsatz die gehandelten Stückzahlen - also Betrachtung sowohl von Käufer- als auch Verkäuferseite) = 56,25 Mio. gehandelte Aktien. Womit auch widerum klar ist, daß der Haupthandel in den USA stattfindet!
Damit beträgt der Discount bei den Ricardo.de Aktien (WKN 702070) also auch nicht 80%, sondern auf Basis USA-Closing mittlerweile nahezu 100%!!!
Bin gespannt auf die nächsten Wochen!
LTinvestor
Auf Basis des nachbörslichen Kurses von 4,33 USD sind`s sogar nach meinen Berechnungen 0,202 Euro.
Übrigens war meine Aussage zum Umsatz natürlich auch falsch. An der Nasdaq war die gehandelte Aktienanzahl zwar ca. 4,5 Mio. Aktien - die ja aber, um sie mit dem Handel in GB und D vergleichbar zu machen, mit 25 multipliziert werden müssen - also 4,5 Mio. x 25 : 2 (bei der Nasdaq bedeutet Umsatz die gehandelten Stückzahlen - also Betrachtung sowohl von Käufer- als auch Verkäuferseite) = 56,25 Mio. gehandelte Aktien. Womit auch widerum klar ist, daß der Haupthandel in den USA stattfindet!
Damit beträgt der Discount bei den Ricardo.de Aktien (WKN 702070) also auch nicht 80%, sondern auf Basis USA-Closing mittlerweile nahezu 100%!!!
Bin gespannt auf die nächsten Wochen!
LTinvestor
Nochmals eine Korrektur bzgl. Umsatz:
Das Handelsvolumen an der Nasdaq ist umgerechnet auf reguläre shares mit 56,25 Mio. Aktien richtig. Allerdings habe ich mich mit dem Volumen in London vertan, weil dort am Freitag nicht gut 9 Mio. Aktien, sondern 99 Mio. Aktien gehandelt wurden (bei so vielen Stellen verliert man ganz die Übersicht ...). Also war am Freitag gut 50% des Umsatzes an der Nasdaq - womit wir wieder bei der Eingangsmeinung sind.
Jetzt aber zur Aktienentwicklung: Auch wenn sowohl die WKN 578885 als auch die WKN 928328 gestern weiter zulegen konnten (war vielleicht auch nicht gerechtfertigte Vorfreude - wer weiß?!? - weil im Ausland kein Handel war) bleibt anzumerken, daß trotz Kurssteigerungen m.E. die ursprünglichen Ricardo.de Aktien mit der WKN 702070 weiterhin zu billig sind. Der Schlußkurs von gestern war bei 4,80 Euro - dafür gabs bei der Fusion 34 QXL-Ricardo Aktien, d.h. Kaufpreis einer QXL-Ricardo Aktie über diese Weise bei 0,141 Euro. Habe gestern einige Stücke meiner längerfristigen QXL-Ricardo-Anlage in ebenfalls längerfristige Ricardo.de Aktien umgetauscht. Ein kleiner Abschlag mag vielleicht gerechtfertigt sein, wobei man aber auch bedenken muß, daß Ricardo in den letzten Monaten zeitweise auch mit 20% Aufschlag ggüb. QXL-Ricardo gehandelt wurde. Von QXL wurde seinerzeit ein Interesse am Kauf weiterer Ricardo-Stücke, auch nach Annahme der Angebotsfrist, zu einem gegebenen Zeitpunkt angemeldet. Gleichzeitig profitiert QXL aber auch in gewisser Weise von der weiter vorhandenen Börsennotiz von Ricardo, da so das Finanzinventar von QXL mit 92% der Ricardo Aktien gem. US-Gaap auch höher bewertet werden könnte (bei Kurssteigerungen der Ricardo-Aktie). Die Wirtschaftswoche hielt in der letzten Ausgabe, vielleicht nicht zuletzt auch deswegen, ein Delisting und Herausdrängen der Restaktionäre im Fall Ricardo.de für sehr unwahrscheinlich.
Fazit: Ricardo.de bleibt m.E. unterbewertet.
LTinvestor
Das Handelsvolumen an der Nasdaq ist umgerechnet auf reguläre shares mit 56,25 Mio. Aktien richtig. Allerdings habe ich mich mit dem Volumen in London vertan, weil dort am Freitag nicht gut 9 Mio. Aktien, sondern 99 Mio. Aktien gehandelt wurden (bei so vielen Stellen verliert man ganz die Übersicht ...). Also war am Freitag gut 50% des Umsatzes an der Nasdaq - womit wir wieder bei der Eingangsmeinung sind.
Jetzt aber zur Aktienentwicklung: Auch wenn sowohl die WKN 578885 als auch die WKN 928328 gestern weiter zulegen konnten (war vielleicht auch nicht gerechtfertigte Vorfreude - wer weiß?!? - weil im Ausland kein Handel war) bleibt anzumerken, daß trotz Kurssteigerungen m.E. die ursprünglichen Ricardo.de Aktien mit der WKN 702070 weiterhin zu billig sind. Der Schlußkurs von gestern war bei 4,80 Euro - dafür gabs bei der Fusion 34 QXL-Ricardo Aktien, d.h. Kaufpreis einer QXL-Ricardo Aktie über diese Weise bei 0,141 Euro. Habe gestern einige Stücke meiner längerfristigen QXL-Ricardo-Anlage in ebenfalls längerfristige Ricardo.de Aktien umgetauscht. Ein kleiner Abschlag mag vielleicht gerechtfertigt sein, wobei man aber auch bedenken muß, daß Ricardo in den letzten Monaten zeitweise auch mit 20% Aufschlag ggüb. QXL-Ricardo gehandelt wurde. Von QXL wurde seinerzeit ein Interesse am Kauf weiterer Ricardo-Stücke, auch nach Annahme der Angebotsfrist, zu einem gegebenen Zeitpunkt angemeldet. Gleichzeitig profitiert QXL aber auch in gewisser Weise von der weiter vorhandenen Börsennotiz von Ricardo, da so das Finanzinventar von QXL mit 92% der Ricardo Aktien gem. US-Gaap auch höher bewertet werden könnte (bei Kurssteigerungen der Ricardo-Aktie). Die Wirtschaftswoche hielt in der letzten Ausgabe, vielleicht nicht zuletzt auch deswegen, ein Delisting und Herausdrängen der Restaktionäre im Fall Ricardo.de für sehr unwahrscheinlich.
Fazit: Ricardo.de bleibt m.E. unterbewertet.
LTinvestor
So - jetzt sind wir wieder beim Ausgangslevel vor der Quartalszahlenbekanntgabe. Ich denke, daß dies eine gute Gelegenheit sein sollte für alle, die die letzte Rallye verpaßt haben. Positive Facts gab`s schon wieder mehrere, so z.B. die Übernahme der offerto-Kundendatenbank und die Kooperation mit AOL Deutschland. Insgesamt ist m.E. nach wie vor noch mehr Fantasie bei den ricardo.de Aktien (WKN 702070) angesagt - siehe nicht zuletzt Vodafone Angebot i.H. von 206,50 Euro für die restlichen Mannesmann-Aktionäre.
LTinvestor
LTinvestor
Ricardo hat auf der YOU, der Jugendmesse in Essen, mit vile Aufwand sher vielversprechend geworben. Ich glaube, mit etwas Geduld hat man bald wieder Freude an dieser Aktie. Weiß jemand schon etwas Neues, die Umsätze in London sind nach wie vor hoch, jedoch stagniert der Kurs im Moment.
Hoffe, wir haben recht! Glaube auch, daß wir noch sehr viel Freude haben werden mit dieser Aktie. Die Frage ist nur, wann sich der Aktienmarkt wieder beruhigt. Solange nicht Ruhe in den Gesamtmarkt kommt, werden es Aktien mit so einer Vergangenheit wie QXL sehr schwer haben! Vertrauen der Aktionäre scheint völlig verloren gegangen zu sein.
MfG
Chrispi
MfG
Chrispi
Hat jemand einen Schimmer, was da vor sich geht?
3 July 2001
QXL ricardo plc
Application has been made to the London Stock Exchange and the UK Listing Authority for the listing of 67,000,000 Ordinary shares of 0.1p each of QXL ricardo plc to be admitted to the Official List. The shares will be issued in
connection with the Business Combination with ricardo.de AG, announced on 17 May 2000. The shares will rank pari passu in all respects with the existing issued
ordinary share capital of the company.
28 Juni 2001
QXL ricardo plc announces that under the terms of the Equity Commitment it has entered into with Credit Suisse First Boston and certain other investors, which was approved by shareholders in February 2001, it has received
notification for a subscription of 33,799,313 new ordinary shares at #0.073966.
Application was made to the London Stock Exchange and the UK Listing Authority on 5 June 2001 and the shares are expected to be issued on 29 June 2001.
27 Juni 2001
Notification of Major Interests In SharesOn 25 June 2001, the Company was notified by Dr Stefan Wiskemann that he now
has an interest of 27,568,374 Ordinary Shares, representing 4.28% of the issued share capital of QXL ricardo plc.
26 Juni 2001
Notification of Major Interests In Shares
On 25 June 2001, the Company was notified by Agafin that it no longer has a notifiable interest in QXL ricardo plc.
5 Juni 2001
Application has been made to the London Stock Exchange and the UK Listing Authority for a block listing of 65,000,000 Ordinary shares of 0.1p each of QXL ricardo plc to be admitted to the Official List.These shares may be issued pursuant to the execution of draw notices that may be served by the Company under the terms of the Equity Commitment it has entered into with Credit Suisse First Boston and certain other investors, which was approved by
Shareholders in February 2001, and by the exercise of warrants issued to the same parties .
The shares will rank pari passu in all respects with the existing issued ordinary share capital of the company.
Copies of this announcement will be available for fourteen days following the date of this announcement from the offices of Credit Suisse First Boston de Zoete & Bevan Limited, One Cabot Square London E14 4QJ broker to QXL ricardo plc.
3 July 2001
QXL ricardo plc
Application has been made to the London Stock Exchange and the UK Listing Authority for the listing of 67,000,000 Ordinary shares of 0.1p each of QXL ricardo plc to be admitted to the Official List. The shares will be issued in
connection with the Business Combination with ricardo.de AG, announced on 17 May 2000. The shares will rank pari passu in all respects with the existing issued
ordinary share capital of the company.
28 Juni 2001
QXL ricardo plc announces that under the terms of the Equity Commitment it has entered into with Credit Suisse First Boston and certain other investors, which was approved by shareholders in February 2001, it has received
notification for a subscription of 33,799,313 new ordinary shares at #0.073966.
Application was made to the London Stock Exchange and the UK Listing Authority on 5 June 2001 and the shares are expected to be issued on 29 June 2001.
27 Juni 2001
Notification of Major Interests In SharesOn 25 June 2001, the Company was notified by Dr Stefan Wiskemann that he now
has an interest of 27,568,374 Ordinary Shares, representing 4.28% of the issued share capital of QXL ricardo plc.
26 Juni 2001
Notification of Major Interests In Shares
On 25 June 2001, the Company was notified by Agafin that it no longer has a notifiable interest in QXL ricardo plc.
5 Juni 2001
Application has been made to the London Stock Exchange and the UK Listing Authority for a block listing of 65,000,000 Ordinary shares of 0.1p each of QXL ricardo plc to be admitted to the Official List.These shares may be issued pursuant to the execution of draw notices that may be served by the Company under the terms of the Equity Commitment it has entered into with Credit Suisse First Boston and certain other investors, which was approved by
Shareholders in February 2001, and by the exercise of warrants issued to the same parties .
The shares will rank pari passu in all respects with the existing issued ordinary share capital of the company.
Copies of this announcement will be available for fourteen days following the date of this announcement from the offices of Credit Suisse First Boston de Zoete & Bevan Limited, One Cabot Square London E14 4QJ broker to QXL ricardo plc.
Hat jemand Kontakte nach London und kann näheres dazu sagen?
Mal eine Frage:
Was ist eigentlich der Unterschied zwischen diesen 2 qxl-werten?
kann mir das einer erklären?
zitro
1. Currency: GBp. Code: QXL.L.
Date 05-JUL-01
Last Price 4.31 Bid 4.25
Change 0 Ask 4.5
Time Last Trade 09:57 GMT
Daily High 4.5 Year high 23
Daily Low 4.5 Year Low 4
Day Open 4.5
Daily Volume 517839
----------------------------------------------
2. QXL.COM PLC QXL 928328
Realtimekurs Umsatz Zeit Geld Stück Brief Stück
0,080 2.890 11:57:14 0,076 0 0,085 0
Veränderung Veränderung (%) Trend
0,00 0,00 -+
Trades Gesamtumsatz Volumen
2 2.890 231
Vortag Eröffnung Hoch Tief Datum
0,080 0,076 0,080 0,076 05.07.2001
Was ist eigentlich der Unterschied zwischen diesen 2 qxl-werten?
kann mir das einer erklären?
zitro
1. Currency: GBp. Code: QXL.L.
Date 05-JUL-01
Last Price 4.31 Bid 4.25
Change 0 Ask 4.5
Time Last Trade 09:57 GMT
Daily High 4.5 Year high 23
Daily Low 4.5 Year Low 4
Day Open 4.5
Daily Volume 517839
----------------------------------------------
2. QXL.COM PLC QXL 928328
Realtimekurs Umsatz Zeit Geld Stück Brief Stück
0,080 2.890 11:57:14 0,076 0 0,085 0
Veränderung Veränderung (%) Trend
0,00 0,00 -+
Trades Gesamtumsatz Volumen
2 2.890 231
Vortag Eröffnung Hoch Tief Datum
0,080 0,076 0,080 0,076 05.07.2001
Weiß jemand, warum der Kurs so absackt? (-20%)
so,jetzt ist sie wieder günstig.
chart sieht auch gut aus.
deal läuft......
chart sieht auch gut aus.
deal läuft......
@HGTPZ: das dürfte neben dem miesen Marktumfeld wohl an der Kapitalerhöhung liegen.
@Zitro: Im Prinzip geht es um gleichberechtigte Anteilsscheine ab der gleichen Firma. In London wird die Aktie in Pence gehandelt, an deutschen Börden in €. Der Kurs in Deutschland ist in der Regel etwas höher als der umgerechnete Kurs in London, was an der höheren Liquidität liegen dürfte.
Aktuelle News gibt es übrigens auf www.londonstockexchange.com--> dort unter "companies"
dg
@Zitro: Im Prinzip geht es um gleichberechtigte Anteilsscheine ab der gleichen Firma. In London wird die Aktie in Pence gehandelt, an deutschen Börden in €. Der Kurs in Deutschland ist in der Regel etwas höher als der umgerechnete Kurs in London, was an der höheren Liquidität liegen dürfte.
Aktuelle News gibt es übrigens auf www.londonstockexchange.com--> dort unter "companies"
dg
Werde wie vor paar wochen schon gesagt erst bei 2,75 pence einsteigen!
Meine order in london habe ich schon aufgegeben für 2,75
Meine order in london habe ich schon aufgegeben für 2,75
@Duschgel
Ich danke dir für deine Infos. Am bekommt hier ja leider wenig von der Londoner Börse mit. Kannst du Details über die Kapitalerhöhung nennen? Danke!
Ich danke dir für deine Infos. Am bekommt hier ja leider wenig von der Londoner Börse mit. Kannst du Details über die Kapitalerhöhung nennen? Danke!
@HGTPZ (verrätst du uns, für was diese Abkürzung steht?)
ich weiß leider auch nicht mehr als das, was ich weiter oben gepostet habe. Es handelt sich um Ad Hoc-ähnliche Meldungen von der Londoner Börse. Selbst auf der homepage von QXL findet man darüber keine Infos.
Wie wärs mal wieder mit einem Chart, immerhin hat QXL lange Zeit den FTSE outperformt!
die rote Linie ist QXL, die graue ist der FTSE all shares
dg
ich weiß leider auch nicht mehr als das, was ich weiter oben gepostet habe. Es handelt sich um Ad Hoc-ähnliche Meldungen von der Londoner Börse. Selbst auf der homepage von QXL findet man darüber keine Infos.
Wie wärs mal wieder mit einem Chart, immerhin hat QXL lange Zeit den FTSE outperformt!
die rote Linie ist QXL, die graue ist der FTSE all shares
dg
In London heute morgen +11%. Das sieht doch endlich mal wieder gut aus. In Deutschland hat der Kurs noch nicht reagiert.
Schaut euch mal WKN 885023 an (China online)
Habe mit einem Einsatz von 1331,28 DM eine Dividende von 83,83 DM bekommen
Nicht schlecht , oder ?
Habe mit einem Einsatz von 1331,28 DM eine Dividende von 83,83 DM bekommen
Nicht schlecht , oder ?
was ist los mit QXL ?????????????? und Ricardo ???????
Am 31-8-2001 kommen die Zahlen! Und wie man sieht, hoffen viele das es wieder so ein Kursfeuerwerk gibt, wie das letzte Mal!
Man wird sehen........
MfG
Chrispi
Man wird sehen........
MfG
Chrispi
PRESS RELEASE
QXL ricardo plc - First Quarter Results Friday, 31 August 2001
QXL ricardo expands e-commerce offering with fixed price service
- Record gross profit margin - increased to 69%
- Continued reduction in operating expenses
QXL ricardo plc ("QXL" or the "Group"; LSE: QXL.L; Nasdaq: QXLC; Frankfurt:
QXL.F), the pan-European online auction company, today announces results for
the first quarter ended 30 June 2001.
Commenting on the results Jim Rose, Chief Executive Officer, said:
"We are very pleased with the results for the quarter as we continued to
improve the customer experience, monetised more of our member base, reduced
our trading loss and remained focused on profitability. Our gross profit
margin increased to a record 69%, up from 32% in the previous quarter,
demonstrating our successful migration to an agency model. We have also
recently introduced our fixed price service, continuing to reaffirm our
position as a mainstream e-commerce marketplace."
First Quarter ended 30 June 2001 - Operating and Financial Highlights
* Trading loss decreased 38% over the quarter ended 30 June 2000 to #
8.5 million.
* Record gross profit - increased 142% over the quarter ended 30 June
2000 to #1.07 million.
* Increase in gross profit margin to 69% from 23% in the quarter ended
30 June 2000.
* Gross auction value increased 109% over the quarter ended 30 June
2000 to #26.4 million.
* 3.1 million members at quarter end, a 186% increase over the quarter
ended 30 June 2000.
Recent Developments
* Launched fixed price service by introducing a `Buy Now` facility that
provides members with the option to buy the item instantly for a fixed price.
* Success fees introduced in Denmark; with further fee implementations
expected in the current quarter, demonstrating a continued focus on monetising
our member base.
* Microsoft Passport authentication feature on track to be introduced
this quarter, removing the need for a second, independent authentication of
user details on the QXL site.
* Announced plan to develop .NET application QXL XPress in co-operation
with Compaq, Intel and Razorfish, providing instant access to the QXL service
from the desktop. To be launched in conjunction with Windows XP on October
25th 2001.
* Developed strategic relationship with eBookers to co-promote services
across Europe offering members increased choice in travel products.
* Launched further major product enhancements:
- Launched `QXL Live` for sellers in the UK, a product unique to QXL
ricardo, enabling sellers to moderate their own `Live` auctions giving them
real-time, interactive access to their bidders.
- Introduced `Quickseller`, a multiple auction listing program,
enabling sellers to create and upload auctions easily and rapidly.
- Picture galleries now available, improving the user experience by
allowing members to compare items more easily.
- `Instant Help` - a service that provides real-time help to our
members via a chat functionality.
Outlook
Going forward, we are confident that our strategic partnerships, marketing
initiatives and substantial product enhancements will provide us with a solid
platform for future growth. We will continue to maintain our focus on
increasing profits and on cost reduction. We also expect our trading losses
and cash burn to continue to fall on a quarterly basis over the next year.
For further enquiries please contact:
QXL ricardo plc
Jim Rose, Chief Executive Officer ) Tel: 020 7831 3113 on 31 August only
Robert Dighero, Chief Financial ) 020 8962 7334/7231 all other dates
Officer
Annabel Dangerfield ) 020 8962 7334
Financial Dynamics
Sarah Marsland ) Tel: 020 7831 3113
James Melville-Ross
Juliet Clarke
Financial Highlights
(All financial data in thousands, UK GAAP)
Quarter Ended Quarter Ended Quarter Ended
June 30 June 30 31 March
2001 2000 2001
Turnover #1,557 #1,883 #3,122
Gross Profit #1,068 #442 #993
Trading loss #8,525 #13,661 #9,729
Loss on ordinary activities #10,701 #15,523 #18,643
Operating Data Highlights
(All operating data in thousands) Quarter Ended Quarter Ended Quarter Ended
June 30 June 30 March 31
2001 2000 2001
Number of members at end of 3,142 1,100 2,871
period(1)
Gross auction value(2)
Agency #25,930 #10,962 #29,713
Principal #505 #1,684 #1,960
Total #26,435 #12,646 #31,673
No. of items listed for auction 7,219 7,350 8,234
(3)
(1) We define a member as a person who has completed our registration
process.
(2) Gross auction value represents the aggregate sales price, inclusive of
applicable value-added tax, of all merchandise and services for which an
auction was successfully concluded (i.e. there was at least one bid at or
above the specified minimum or reserve price, whichever is higher).
(3) Number of items listed for auction represents the number of items
available for sale on our web sites. There may not be a bid at or above the
specified minimum or reserve price for each item listed for auction.
QXL ricardo plc
First Quarter and Three Month Results - UK GAAP
Reconciliation of Trading loss to Loss on ordinary activities
Quarter Ended Quarter Ended Quarter Ended
30 June 30 June 31 March
2001 2000 2001
#`000 #`000 #`000
Trading loss 8,525 13,661 9,729
Goodwill amortisation 2,388 472 4,296
Exceptional goodwill impairment - 2,248 4,708
National Insurance on options - (1,687) -
Restructuring costs - - 216
Total operating loss 10,912 14,694 18,949
Share of joint venture - 1,816 -
Net interest receivable (211) (987) (306)
Loss on ordinary activities
before taxation 10,701 15,523 18,643
Chief Executive Officer`s Review
Successful monetisation of members
In addition to our active fee-paying membership base across the UK, Germany,
Sweden, Switzerland and Poland, we recently introduced success fees in Denmark
and will introduce fees in further countries this quarter. As a result, the
vast majority of our gross auction value will be generating revenues. We
continue to see a slight impact on the number of items listed for auction but
average transaction values remain steady at approximately #48.
Cost reductions on track
Despite our considerable network of offices across Europe, we have continued
to achieve a significant reduction in trading loss, which decreased by 38%
compared to the first quarter last year. Looking forward, we expect costs to
continue to reduce as we drive further savings across the Group.
Microsoft .NET program update
In August we announced the first phase of our .NET development with the
introduction of Microsoft`s Passport authentication feature which removes the
need for a second, independent authentication of user details on the QXL site.
We are on track to launch this feature by the end of next month. The next
phase of our .NET initiative includes the development of our QXL XPress
application that will provide instant access to our service, including
personal auction details and instant notification of current auction status,
from the desktop. We are working in co-operation with Compaq, Intel and
Razorfish to develop this cutting edge application which is scheduled to go
live with the launch of Windows XP in October 2001.
Product enhancements
The usability of our core product is paramount to our members` experience. We
continue to focus on enhancing our product, increasing the ease of use to new
and existing members and providing an improved series of features,
particularly to our volume sellers.
We have recently launched the following services:
* `Buy Now` - announced today, this facility will allow the buyer to
buy the item outright for the seller`s advertised fixed price, effectively
closing the auction and immediately completing the purchase. We expect this
feature to increase transaction volumes and it is a first step in our planned
roll-out of alternative pricing formats.
* `QXL Live` - a new and unique sales tool that gives sellers the
opportunity to be a virtual auctioneer, hosting their own auctions for the
first time and enabling them to personally communicate directly with buyers
and drive bidding during the auctions, which last only a few minutes.
* `Quickseller` - an application that enables sellers to upload
hundreds of items simultaneously as well as manage their inventory.
* Picture Galleries - a feature that, with just one click, allows the
buyer to view all auctions by image.
* `Instant Help` - a service that provides real-time help to our
members via a chat functionality.
Recent deals and new partnership agreements
During the quarter we signed many new Marketing and Merchant Partner
agreements. Some examples of these new partnerships include:
In Switzerland, we announced a partnership with Heineken to serve as their
auction partner for a variety of sponsored events. We also signed a new
agreement with the electronics retailer Fust AG and continue to successfully
work with Migros Zurich, Switzerland`s leading retailer.
In Poland, we signed a major agreement with mBank, the country`s largest
virtual bank, integrating mBank`s online banking services into our Polish site
and we announced an exclusive partnership with Chip Online, Poland`s leading
computer portal and magazine.
In France we signed a distribution agreement with Club-Internet / T-Online
whereby QXL.fr is the exclusive auction site for this major French portal.
In the UK, we expanded our presence further into the football market with the
announcement of an exclusive partnership with Sunderland Football Club
offering unique content to our members. We also announced an exclusive
partnership with Rainbow Network, the leading gay portal, creating bespoke
auctions tailored to its audience. We continue our success in the charity
arena with the addition of Help the Aged to our growing list of exclusive
charity partners.
In Germany, we announced a partnership with Kodak to auction off new products
and a co-operation with DaybyDay to provide ricardo members with a daily
organiser.
In Scandinavia, our Danish, Norwegian and Swedish sites signed an agreement
with Scandinavian Airlines to auction off seats at very low reserve prices.
In the Netherlands we signed merchant partner contracts with Mycom, the major
computer retailer and with Famous, the leading celebrity memorabilia store.
In Spain, QXL.es is the exclusive auction site for Spanair, one of the
country`s leading airlines and is also the auction site for Real Madrid,
Spain`s premier football club.
Financial Review
The Group`s first quarter results were marked by continued significant
reductions in trading loss as well as loss on ordinary activities before
taxation compared to the previous quarter. In addition, gross profit increased
from 32% to 69% as the Group completed the migration of its business model to
one in which it acts as agent as opposed to one in which it acts as principal
in the online auctions conducted on its web sites.
For the quarter ended 30 June 2001, the Group completed agency-based auctions
of merchandise and services with an aggregate gross auction value of #25.9
million. This represented approximately 98% of the gross auction value in that
period, a 137% increase over the quarter ended 30 June 2000 and a 13% decrease
over the quarter ended 31 March 2001. For the quarter ended 30 June 2001, the
Group completed principal-based online auctions of merchandise and services
with an aggregate gross auction value of #0.5 million, a 70% decrease over the
quarter ended 30 June 2000 and a 74% decrease over the quarter ended 31 March
2001. The Group does not expect principal-based online auctions to represent a
material proportion of its gross auction value in the future.
As a result of the successful migration to an agency-based business, turnover
for the quarter ended 30 June 2001 decreased 50% to #1.6 million from #3.1
million for the quarter ended 31 March 2001 and decreased 17% over the quarter
ended 30 June 2000. This decrease in turnover compared to the previous
quarter was primarily because in the agency-based model the Group only records
the value of its commission as turnover instead of the full value of the
transaction.
Cost of sales decreased 77% to #0.5 million for the quarter ended 30 June
2001, from #2.1 million for the quarter ended 31 March 2001, and decreased 66%
from #1.4 million in the quarter ended 30 June 2000. The decrease compared to
the previous quarter was primarily due to the decline in the value of auctions
conducted on a principal basis.
Gross profit for the quarter increased 8% to #1.07 million from #0.99 million
in the quarter ended 31 March 2001 and increased 142% from #442,000 in the
quarter ended 30 June 2000. This increase was primarily due to the continued
development of commission charges on the agency-based business, steady
advertising revenues and a decreasing impact from low margin auctions
conducted on a principal basis. Gross profit, as a percentage of gross auction
value, increased from 3.1% for the quarter ended 31 March 2001 to 4%. Since
the end of the quarter, the Group has introduced commissions in Denmark and
expects to introduce fees in further countries within the current quarter. As
a result of this ongoing introduction of success fees, the Group expects to
see some impact on average transaction values.
As a consequence of the above, gross margin increased to 69% in the quarter
ended 30 June 2001 from 32% in the quarter ended 31 March 2001 and 23% in the
quarter ended 30 June 2000.
Sales and marketing expenses (excluding goodwill) increased 9% to #5.4 million
for the quarter ended 31 June 2001, from #4.9 million for the quarter ended 31
March 2001, due to some increased promotional activity relating to product
developments, and decreased 49% from #10.6 million in the quarter ended 30
June 2000.
Technology and development costs (excluding exceptional items and goodwill)
decreased 27% to #2.6 million in the quarter ending 30 June 2001 from #3.6
million in the quarter ended 31 March 2001 and were flat compared to the
quarter ended 30 June 2000. This decrease, compared to the quarter ended 31
March 2001, resulted primarily from continued benefits of integrating acquired
auction platforms. The Group believes that further technical integration will
result in lower technology expenditure in the future.
General and administrative costs (excluding exceptional items) decreased 31%
to #1.6 million in the quarter ended 30 June 2001, from #2.4 million in the
quarter ended 31 March 2001 and increased 21% compared to the quarter ended 30
June 2000. The decline compared to the previous quarter was due to a continued
rationalisation of overhead costs in countries where dual operations existed
as the result of acquisitions. In addition, due to the move away from online
auctions in which the Group acts as principal, warehouse and logistics costs
have also decreased.
Goodwill charges in the quarter ended 30 June 2001 amounted to #2.4 million
compared to #9.0 million in the previous quarter.
As a result of the above, Trading loss (Operating loss before goodwill and
exceptionals) in the quarter ended 30 June 2001 decreased 12% to #8.5 million
from #9.7 million in the quarter ended 31 March 2001 and decreased 38% from #
13.7 million in the quarter ended 30 June 2000.
Losses on ordinary activities before taxation in the quarter ended 30 June
2001 were #10.7 million compared to losses of #18.6 million in the quarter
ended 31 March 2001 and #15.5 million in the quarter ended 30 June 2000.
On 31 May 2001, the Group received the second #5 million of funding pursuant
to its issue of #15m of convertible bonds. Unless the Group elects to redeem
the last tranche of the convertible bonds, a further #5m will be received on 9
November 2001. During the quarter the Group received #1.7 million from the
issue of shares pursuant to its #15m Equity Commitment, which can be drawn,
subject to certain conditions, at the Group`s discretion. A further #1.7
million has been received pursuant to the Equity Commitment since the end of
last quarter. As at 30 June 2001, the Group had cash of #22.7 million and
funding facilities as outlined above of #18.3 million, providing, if fully
drawn, a total of #41.0 million of financing.
Current Trading and Outlook
The Group is pleased by the continued improvement in its financial performance
and in particular its record gross profit reported this quarter. However,
gross auction value showed a slight decline, primarily due to the migration of
the German operation to a new auction platform and the introduction of fees in
certain countries as well as some seasonal effects. It is possible that the
further roll-out of fees and remaining platform migrations may have an impact
on future gross auction value, although the Group does not expect to see any
material impact beyond the end of the calendar year. From a seasonality
perspective we expect the quarters ending 31 December and 31 March to be
stronger than the quarters ending 30 June and 30 September.
Despite these continued challenges, today`s quarterly results highlight our
significant achievements to date including continued strategic and product
developments, a substantial reduction in operating costs and an increase in
our monetisation rates. Combined these have led to increased gross profits,
increased gross profit margin and decreased trading losses.
Going forward, we are confident that our strategic partnerships, marketing
initiatives and substantial product enhancements will provide us with a solid
platform for future growth. We will continue to maintain our focus on
increasing gross profits and on cost reduction. We also expect our trading
losses and cash burn to continue to fall on a quarterly basis over the next
year.
QXL ricardo plc
Consolidated profit and loss account
First Quarter Results - UK GAAP
Quarter Quarter Year
Ended Ended Ended
30 June 30 June March 31
2001 2000 2001
Unaudited Audited Audited
#`000 #`000 #`000
Turnover - continuing 1,557 1,883 15,055
Cost of sales 488 1,441 12,402
Gross profit 1,068 442 2,653
Distribution costs 7,750 10,615 116,332
Administrative expenses 4,231 4,521 28,590
Operating loss (10,912) (14,694) (142,269)
Share of joint venture - (1,816) (3,417)
Interest receivable 211 987 2,541
Loss on ordinary activities before taxation (10,701) (15,523) (143,145)
Tax on loss on ordinary activities - - -
Minority interest 1,160 - 4,105
Dividends and appropriations - non equity - - -
Retained loss (9,541) (15,523) (139,040)
Operating Expenses above analysed as:
Sales and marketing 5,362 10,143 29,117
Exceptional goodwill impairment - - 72,948
Goodwill amortisation - S&M 2,388 472 14,267
Distribution costs 7,750 10,615 116,332
General and administrative 1,632 1,345 9,977
Exceptional goodwill impairment - technology &
development - 2,248 4,993
Goodwill amortisation - technology & development - - 2,037
Technology & development 2,585 2,588 13,060
National Insurance on options - (1,687) (2,378)
Restructuring costs - - 924
Share based compensation 14 27 (23)
Administrative expenses 4,231 4,521 28,590
QXL ricardo plc
Consolidated profit and loss account
First Quarter Results - UK GAAP
Quarter Quarter Year
Ended Ended Ended
30 June 30 June March 31
2001 2000 2001
Unaudited Unaudited Audited
Loss per equity share (basic and diluted)
Loss after taxation (9,541) (15,523) (139,040)
Weighted average number of ordinary shares 639,148 344,390 462,706
outstanding (`000)
Net loss per share (basic and diluted) - pence(1) (1.5) (4.5) (30.0)
Statement of total recognised gains and losses
Retained loss (9,541) (15,523) (139,040)
Exchange adjustments (275) (171) 170
Total recognised loss for the period (9,816) (15,694) (138,870)
Prior period adjustment - - 9,125
Total gains and losses since last annual report (9,816) (15,694) (129,745)
(1) Prior period comparatives restated to reflect the 2-for-1 bonus issue
in April 2000.
QXL ricardo plc
Consolidated Balance Sheet -UK GAAP
30 June 30 June 31 March
2001 2000 2001
Unaudited Unaudited Audited
#`000 #`000 #`000
Fixed assets:
Intangible assets 21,461 37,257 23,955
Tangible assets 5,451 8,530 6,337
Investments 177 3,146 232
27,089 48,933 30,524
Current assets:
Stock 232 2,795 295
Debtors and prepayments 8,410 13,470 7,900
Cash at hand and at bank 22,704 60,743 24,285
31,345 77,008 32,480
Creditors: amounts falling due within 1 year
(12,117) (23,071) (13,380)
Net current assets: 19,228 53,937 19,100
Total assets less current liabilities 46,317 102,870 49,624
Convertible bonds (10,045) - (5,011)
Creditors: amounts falling due after 1 year (294) (258) (413)
Provisions for liabilities and charges - (718) -
Net assets 35,977 101,894 44,200
Called up share capital 676 399 635
Share premium account 221,539 159,612 218,856
Merger reserve 9,137 6,617 9,137
Profit & loss account (196,855) (64,056) (187,053)
Total equity shareholders` funds 34,498 102,572 41,575
Equity Minority Interest 1,479 (678) 2,625
Capital Employed 35,977 101,894 44,200
QXL ricardo plc
Consolidated Cashflow Statement - UK GAAP
Quarter Quarter Year
Ended Ended Ended
30 June 30 June 31
March
2001 2000 2001
Unaudited Unaudited Audited
#`000 #`000 #`000
Net cash outflow from operating activities (8,286) (18,724) (56,004)
Returns on investment and servicing of finance 244 987 2,449
Capital expenditure and financial investment (136) (946) (2,417)
Acquisitions (86) 1,646 (1,047)
Cash outflow before management of liquid resources
and financing (8,264) (17,037) (57,019)
Management of liquid resources 2,021 - 56,125
Financing 6,683 24,285 3,642
Increase in cash 440 7,248 2,748
Background on QXL ricardo
QXL ricardo plc ("QXL") is a pan-European online auction community. QXL
conducts consumer-to-consumer and business-to-consumer auctions in eleven
languages and twelve currencies. The QXL online auction community facilitates
trading 24 hours a day, seven days a week in an efficient, convenient and
entertaining environment. QXL enables buyers to bid on merchandise and
services from across Western Europe which are sold by QXL members and
merchants. QXL also enables sellers to locate and trade with buyers in new
geographic markets. A wide selection of merchandise and services is available
on its online auction community, ranging from computer software and hardware,
consumer electronics, household appliances and collectibles to travel-related
items and sports equipment. QXL is a publicly traded company with its shares
listed on the Official List of the United Kingdom Listing Authority, the
Nasdaq National Market and the Frankfurt Stock Exchange.
QXL provides access to the QXL trading community in:
UK - www.qxl.com and www.qxl.co.uk; Germany - www.ricardo.de; France -
www.qxl.fr; Italy - www.qxl.it; Netherlands - www.ricardo.nl; Norway -
www.qxl.no; Denmark - www.qxl.dk; Spain - www.qxl.es; Poland -
www.allegro.pl; Sweden - www.qxl.se; Finland - www.qxl.fi; Switzerland -
www.ricardo.ch
This press release may contain forward-looking statements that relate to the
Company`s plans, objectives, estimates and goals. The Company`s business is
subject to numerous risks and uncertainties, including risks associated
with: funding requirements; acquisitions; only having a limited operating
history; regulation of auctions and the Internet; probable variability in
the Company`s quarterly operating results; the Company`s results of
operations not being indicative of future performance; significant losses
being incurred as a result of expansion of the Company`s business;
dependence on growth of online commerce market; risks associated with
development and growth of the Company`s foreign language web sites; intense
competition; failure to develop the Company`s brand; failure to expand the
Company`s systems; risks associated with managing internal growth and
retaining and recruiting personnel; international expansion; online commerce
security; risks associated with not developing new services, features and
functions; risks associated with intellectual property rights; fraudulent
activity of our members and suppliers; and seasonality. These and other
risks and uncertainties, which are described in more detail in the Company`s
Registration Statement dated 7 October 1999, on Form F-1 and Annual Report
dated 16 October 2000 on Form 20-F filed with the US Securities and Exchange
Commission, in the Company`s prospectuses and listing particulars filed with
the UK Listing Authority and the Registrar of Companies in England and Wales
(the most recent being dated 22 May 2001), in the German Sales and Listing
Prospectus dated 23 October 2000 filed with the Frankfurt Stock Exchange (as
supplemented on 10 November 2000), could cause the Company`s actual results
and developments to be materially different from those expressed or implied
by any of these forward-looking statements.
END
------------------------------------------------------------------------------------------------
QXL ricardo plc - First Quarter Results Friday, 31 August 2001
QXL ricardo expands e-commerce offering with fixed price service
- Record gross profit margin - increased to 69%
- Continued reduction in operating expenses
QXL ricardo plc ("QXL" or the "Group"; LSE: QXL.L; Nasdaq: QXLC; Frankfurt:
QXL.F), the pan-European online auction company, today announces results for
the first quarter ended 30 June 2001.
Commenting on the results Jim Rose, Chief Executive Officer, said:
"We are very pleased with the results for the quarter as we continued to
improve the customer experience, monetised more of our member base, reduced
our trading loss and remained focused on profitability. Our gross profit
margin increased to a record 69%, up from 32% in the previous quarter,
demonstrating our successful migration to an agency model. We have also
recently introduced our fixed price service, continuing to reaffirm our
position as a mainstream e-commerce marketplace."
First Quarter ended 30 June 2001 - Operating and Financial Highlights
* Trading loss decreased 38% over the quarter ended 30 June 2000 to #
8.5 million.
* Record gross profit - increased 142% over the quarter ended 30 June
2000 to #1.07 million.
* Increase in gross profit margin to 69% from 23% in the quarter ended
30 June 2000.
* Gross auction value increased 109% over the quarter ended 30 June
2000 to #26.4 million.
* 3.1 million members at quarter end, a 186% increase over the quarter
ended 30 June 2000.
Recent Developments
* Launched fixed price service by introducing a `Buy Now` facility that
provides members with the option to buy the item instantly for a fixed price.
* Success fees introduced in Denmark; with further fee implementations
expected in the current quarter, demonstrating a continued focus on monetising
our member base.
* Microsoft Passport authentication feature on track to be introduced
this quarter, removing the need for a second, independent authentication of
user details on the QXL site.
* Announced plan to develop .NET application QXL XPress in co-operation
with Compaq, Intel and Razorfish, providing instant access to the QXL service
from the desktop. To be launched in conjunction with Windows XP on October
25th 2001.
* Developed strategic relationship with eBookers to co-promote services
across Europe offering members increased choice in travel products.
* Launched further major product enhancements:
- Launched `QXL Live` for sellers in the UK, a product unique to QXL
ricardo, enabling sellers to moderate their own `Live` auctions giving them
real-time, interactive access to their bidders.
- Introduced `Quickseller`, a multiple auction listing program,
enabling sellers to create and upload auctions easily and rapidly.
- Picture galleries now available, improving the user experience by
allowing members to compare items more easily.
- `Instant Help` - a service that provides real-time help to our
members via a chat functionality.
Outlook
Going forward, we are confident that our strategic partnerships, marketing
initiatives and substantial product enhancements will provide us with a solid
platform for future growth. We will continue to maintain our focus on
increasing profits and on cost reduction. We also expect our trading losses
and cash burn to continue to fall on a quarterly basis over the next year.
For further enquiries please contact:
QXL ricardo plc
Jim Rose, Chief Executive Officer ) Tel: 020 7831 3113 on 31 August only
Robert Dighero, Chief Financial ) 020 8962 7334/7231 all other dates
Officer
Annabel Dangerfield ) 020 8962 7334
Financial Dynamics
Sarah Marsland ) Tel: 020 7831 3113
James Melville-Ross
Juliet Clarke
Financial Highlights
(All financial data in thousands, UK GAAP)
Quarter Ended Quarter Ended Quarter Ended
June 30 June 30 31 March
2001 2000 2001
Turnover #1,557 #1,883 #3,122
Gross Profit #1,068 #442 #993
Trading loss #8,525 #13,661 #9,729
Loss on ordinary activities #10,701 #15,523 #18,643
Operating Data Highlights
(All operating data in thousands) Quarter Ended Quarter Ended Quarter Ended
June 30 June 30 March 31
2001 2000 2001
Number of members at end of 3,142 1,100 2,871
period(1)
Gross auction value(2)
Agency #25,930 #10,962 #29,713
Principal #505 #1,684 #1,960
Total #26,435 #12,646 #31,673
No. of items listed for auction 7,219 7,350 8,234
(3)
(1) We define a member as a person who has completed our registration
process.
(2) Gross auction value represents the aggregate sales price, inclusive of
applicable value-added tax, of all merchandise and services for which an
auction was successfully concluded (i.e. there was at least one bid at or
above the specified minimum or reserve price, whichever is higher).
(3) Number of items listed for auction represents the number of items
available for sale on our web sites. There may not be a bid at or above the
specified minimum or reserve price for each item listed for auction.
QXL ricardo plc
First Quarter and Three Month Results - UK GAAP
Reconciliation of Trading loss to Loss on ordinary activities
Quarter Ended Quarter Ended Quarter Ended
30 June 30 June 31 March
2001 2000 2001
#`000 #`000 #`000
Trading loss 8,525 13,661 9,729
Goodwill amortisation 2,388 472 4,296
Exceptional goodwill impairment - 2,248 4,708
National Insurance on options - (1,687) -
Restructuring costs - - 216
Total operating loss 10,912 14,694 18,949
Share of joint venture - 1,816 -
Net interest receivable (211) (987) (306)
Loss on ordinary activities
before taxation 10,701 15,523 18,643
Chief Executive Officer`s Review
Successful monetisation of members
In addition to our active fee-paying membership base across the UK, Germany,
Sweden, Switzerland and Poland, we recently introduced success fees in Denmark
and will introduce fees in further countries this quarter. As a result, the
vast majority of our gross auction value will be generating revenues. We
continue to see a slight impact on the number of items listed for auction but
average transaction values remain steady at approximately #48.
Cost reductions on track
Despite our considerable network of offices across Europe, we have continued
to achieve a significant reduction in trading loss, which decreased by 38%
compared to the first quarter last year. Looking forward, we expect costs to
continue to reduce as we drive further savings across the Group.
Microsoft .NET program update
In August we announced the first phase of our .NET development with the
introduction of Microsoft`s Passport authentication feature which removes the
need for a second, independent authentication of user details on the QXL site.
We are on track to launch this feature by the end of next month. The next
phase of our .NET initiative includes the development of our QXL XPress
application that will provide instant access to our service, including
personal auction details and instant notification of current auction status,
from the desktop. We are working in co-operation with Compaq, Intel and
Razorfish to develop this cutting edge application which is scheduled to go
live with the launch of Windows XP in October 2001.
Product enhancements
The usability of our core product is paramount to our members` experience. We
continue to focus on enhancing our product, increasing the ease of use to new
and existing members and providing an improved series of features,
particularly to our volume sellers.
We have recently launched the following services:
* `Buy Now` - announced today, this facility will allow the buyer to
buy the item outright for the seller`s advertised fixed price, effectively
closing the auction and immediately completing the purchase. We expect this
feature to increase transaction volumes and it is a first step in our planned
roll-out of alternative pricing formats.
* `QXL Live` - a new and unique sales tool that gives sellers the
opportunity to be a virtual auctioneer, hosting their own auctions for the
first time and enabling them to personally communicate directly with buyers
and drive bidding during the auctions, which last only a few minutes.
* `Quickseller` - an application that enables sellers to upload
hundreds of items simultaneously as well as manage their inventory.
* Picture Galleries - a feature that, with just one click, allows the
buyer to view all auctions by image.
* `Instant Help` - a service that provides real-time help to our
members via a chat functionality.
Recent deals and new partnership agreements
During the quarter we signed many new Marketing and Merchant Partner
agreements. Some examples of these new partnerships include:
In Switzerland, we announced a partnership with Heineken to serve as their
auction partner for a variety of sponsored events. We also signed a new
agreement with the electronics retailer Fust AG and continue to successfully
work with Migros Zurich, Switzerland`s leading retailer.
In Poland, we signed a major agreement with mBank, the country`s largest
virtual bank, integrating mBank`s online banking services into our Polish site
and we announced an exclusive partnership with Chip Online, Poland`s leading
computer portal and magazine.
In France we signed a distribution agreement with Club-Internet / T-Online
whereby QXL.fr is the exclusive auction site for this major French portal.
In the UK, we expanded our presence further into the football market with the
announcement of an exclusive partnership with Sunderland Football Club
offering unique content to our members. We also announced an exclusive
partnership with Rainbow Network, the leading gay portal, creating bespoke
auctions tailored to its audience. We continue our success in the charity
arena with the addition of Help the Aged to our growing list of exclusive
charity partners.
In Germany, we announced a partnership with Kodak to auction off new products
and a co-operation with DaybyDay to provide ricardo members with a daily
organiser.
In Scandinavia, our Danish, Norwegian and Swedish sites signed an agreement
with Scandinavian Airlines to auction off seats at very low reserve prices.
In the Netherlands we signed merchant partner contracts with Mycom, the major
computer retailer and with Famous, the leading celebrity memorabilia store.
In Spain, QXL.es is the exclusive auction site for Spanair, one of the
country`s leading airlines and is also the auction site for Real Madrid,
Spain`s premier football club.
Financial Review
The Group`s first quarter results were marked by continued significant
reductions in trading loss as well as loss on ordinary activities before
taxation compared to the previous quarter. In addition, gross profit increased
from 32% to 69% as the Group completed the migration of its business model to
one in which it acts as agent as opposed to one in which it acts as principal
in the online auctions conducted on its web sites.
For the quarter ended 30 June 2001, the Group completed agency-based auctions
of merchandise and services with an aggregate gross auction value of #25.9
million. This represented approximately 98% of the gross auction value in that
period, a 137% increase over the quarter ended 30 June 2000 and a 13% decrease
over the quarter ended 31 March 2001. For the quarter ended 30 June 2001, the
Group completed principal-based online auctions of merchandise and services
with an aggregate gross auction value of #0.5 million, a 70% decrease over the
quarter ended 30 June 2000 and a 74% decrease over the quarter ended 31 March
2001. The Group does not expect principal-based online auctions to represent a
material proportion of its gross auction value in the future.
As a result of the successful migration to an agency-based business, turnover
for the quarter ended 30 June 2001 decreased 50% to #1.6 million from #3.1
million for the quarter ended 31 March 2001 and decreased 17% over the quarter
ended 30 June 2000. This decrease in turnover compared to the previous
quarter was primarily because in the agency-based model the Group only records
the value of its commission as turnover instead of the full value of the
transaction.
Cost of sales decreased 77% to #0.5 million for the quarter ended 30 June
2001, from #2.1 million for the quarter ended 31 March 2001, and decreased 66%
from #1.4 million in the quarter ended 30 June 2000. The decrease compared to
the previous quarter was primarily due to the decline in the value of auctions
conducted on a principal basis.
Gross profit for the quarter increased 8% to #1.07 million from #0.99 million
in the quarter ended 31 March 2001 and increased 142% from #442,000 in the
quarter ended 30 June 2000. This increase was primarily due to the continued
development of commission charges on the agency-based business, steady
advertising revenues and a decreasing impact from low margin auctions
conducted on a principal basis. Gross profit, as a percentage of gross auction
value, increased from 3.1% for the quarter ended 31 March 2001 to 4%. Since
the end of the quarter, the Group has introduced commissions in Denmark and
expects to introduce fees in further countries within the current quarter. As
a result of this ongoing introduction of success fees, the Group expects to
see some impact on average transaction values.
As a consequence of the above, gross margin increased to 69% in the quarter
ended 30 June 2001 from 32% in the quarter ended 31 March 2001 and 23% in the
quarter ended 30 June 2000.
Sales and marketing expenses (excluding goodwill) increased 9% to #5.4 million
for the quarter ended 31 June 2001, from #4.9 million for the quarter ended 31
March 2001, due to some increased promotional activity relating to product
developments, and decreased 49% from #10.6 million in the quarter ended 30
June 2000.
Technology and development costs (excluding exceptional items and goodwill)
decreased 27% to #2.6 million in the quarter ending 30 June 2001 from #3.6
million in the quarter ended 31 March 2001 and were flat compared to the
quarter ended 30 June 2000. This decrease, compared to the quarter ended 31
March 2001, resulted primarily from continued benefits of integrating acquired
auction platforms. The Group believes that further technical integration will
result in lower technology expenditure in the future.
General and administrative costs (excluding exceptional items) decreased 31%
to #1.6 million in the quarter ended 30 June 2001, from #2.4 million in the
quarter ended 31 March 2001 and increased 21% compared to the quarter ended 30
June 2000. The decline compared to the previous quarter was due to a continued
rationalisation of overhead costs in countries where dual operations existed
as the result of acquisitions. In addition, due to the move away from online
auctions in which the Group acts as principal, warehouse and logistics costs
have also decreased.
Goodwill charges in the quarter ended 30 June 2001 amounted to #2.4 million
compared to #9.0 million in the previous quarter.
As a result of the above, Trading loss (Operating loss before goodwill and
exceptionals) in the quarter ended 30 June 2001 decreased 12% to #8.5 million
from #9.7 million in the quarter ended 31 March 2001 and decreased 38% from #
13.7 million in the quarter ended 30 June 2000.
Losses on ordinary activities before taxation in the quarter ended 30 June
2001 were #10.7 million compared to losses of #18.6 million in the quarter
ended 31 March 2001 and #15.5 million in the quarter ended 30 June 2000.
On 31 May 2001, the Group received the second #5 million of funding pursuant
to its issue of #15m of convertible bonds. Unless the Group elects to redeem
the last tranche of the convertible bonds, a further #5m will be received on 9
November 2001. During the quarter the Group received #1.7 million from the
issue of shares pursuant to its #15m Equity Commitment, which can be drawn,
subject to certain conditions, at the Group`s discretion. A further #1.7
million has been received pursuant to the Equity Commitment since the end of
last quarter. As at 30 June 2001, the Group had cash of #22.7 million and
funding facilities as outlined above of #18.3 million, providing, if fully
drawn, a total of #41.0 million of financing.
Current Trading and Outlook
The Group is pleased by the continued improvement in its financial performance
and in particular its record gross profit reported this quarter. However,
gross auction value showed a slight decline, primarily due to the migration of
the German operation to a new auction platform and the introduction of fees in
certain countries as well as some seasonal effects. It is possible that the
further roll-out of fees and remaining platform migrations may have an impact
on future gross auction value, although the Group does not expect to see any
material impact beyond the end of the calendar year. From a seasonality
perspective we expect the quarters ending 31 December and 31 March to be
stronger than the quarters ending 30 June and 30 September.
Despite these continued challenges, today`s quarterly results highlight our
significant achievements to date including continued strategic and product
developments, a substantial reduction in operating costs and an increase in
our monetisation rates. Combined these have led to increased gross profits,
increased gross profit margin and decreased trading losses.
Going forward, we are confident that our strategic partnerships, marketing
initiatives and substantial product enhancements will provide us with a solid
platform for future growth. We will continue to maintain our focus on
increasing gross profits and on cost reduction. We also expect our trading
losses and cash burn to continue to fall on a quarterly basis over the next
year.
QXL ricardo plc
Consolidated profit and loss account
First Quarter Results - UK GAAP
Quarter Quarter Year
Ended Ended Ended
30 June 30 June March 31
2001 2000 2001
Unaudited Audited Audited
#`000 #`000 #`000
Turnover - continuing 1,557 1,883 15,055
Cost of sales 488 1,441 12,402
Gross profit 1,068 442 2,653
Distribution costs 7,750 10,615 116,332
Administrative expenses 4,231 4,521 28,590
Operating loss (10,912) (14,694) (142,269)
Share of joint venture - (1,816) (3,417)
Interest receivable 211 987 2,541
Loss on ordinary activities before taxation (10,701) (15,523) (143,145)
Tax on loss on ordinary activities - - -
Minority interest 1,160 - 4,105
Dividends and appropriations - non equity - - -
Retained loss (9,541) (15,523) (139,040)
Operating Expenses above analysed as:
Sales and marketing 5,362 10,143 29,117
Exceptional goodwill impairment - - 72,948
Goodwill amortisation - S&M 2,388 472 14,267
Distribution costs 7,750 10,615 116,332
General and administrative 1,632 1,345 9,977
Exceptional goodwill impairment - technology &
development - 2,248 4,993
Goodwill amortisation - technology & development - - 2,037
Technology & development 2,585 2,588 13,060
National Insurance on options - (1,687) (2,378)
Restructuring costs - - 924
Share based compensation 14 27 (23)
Administrative expenses 4,231 4,521 28,590
QXL ricardo plc
Consolidated profit and loss account
First Quarter Results - UK GAAP
Quarter Quarter Year
Ended Ended Ended
30 June 30 June March 31
2001 2000 2001
Unaudited Unaudited Audited
Loss per equity share (basic and diluted)
Loss after taxation (9,541) (15,523) (139,040)
Weighted average number of ordinary shares 639,148 344,390 462,706
outstanding (`000)
Net loss per share (basic and diluted) - pence(1) (1.5) (4.5) (30.0)
Statement of total recognised gains and losses
Retained loss (9,541) (15,523) (139,040)
Exchange adjustments (275) (171) 170
Total recognised loss for the period (9,816) (15,694) (138,870)
Prior period adjustment - - 9,125
Total gains and losses since last annual report (9,816) (15,694) (129,745)
(1) Prior period comparatives restated to reflect the 2-for-1 bonus issue
in April 2000.
QXL ricardo plc
Consolidated Balance Sheet -UK GAAP
30 June 30 June 31 March
2001 2000 2001
Unaudited Unaudited Audited
#`000 #`000 #`000
Fixed assets:
Intangible assets 21,461 37,257 23,955
Tangible assets 5,451 8,530 6,337
Investments 177 3,146 232
27,089 48,933 30,524
Current assets:
Stock 232 2,795 295
Debtors and prepayments 8,410 13,470 7,900
Cash at hand and at bank 22,704 60,743 24,285
31,345 77,008 32,480
Creditors: amounts falling due within 1 year
(12,117) (23,071) (13,380)
Net current assets: 19,228 53,937 19,100
Total assets less current liabilities 46,317 102,870 49,624
Convertible bonds (10,045) - (5,011)
Creditors: amounts falling due after 1 year (294) (258) (413)
Provisions for liabilities and charges - (718) -
Net assets 35,977 101,894 44,200
Called up share capital 676 399 635
Share premium account 221,539 159,612 218,856
Merger reserve 9,137 6,617 9,137
Profit & loss account (196,855) (64,056) (187,053)
Total equity shareholders` funds 34,498 102,572 41,575
Equity Minority Interest 1,479 (678) 2,625
Capital Employed 35,977 101,894 44,200
QXL ricardo plc
Consolidated Cashflow Statement - UK GAAP
Quarter Quarter Year
Ended Ended Ended
30 June 30 June 31
March
2001 2000 2001
Unaudited Unaudited Audited
#`000 #`000 #`000
Net cash outflow from operating activities (8,286) (18,724) (56,004)
Returns on investment and servicing of finance 244 987 2,449
Capital expenditure and financial investment (136) (946) (2,417)
Acquisitions (86) 1,646 (1,047)
Cash outflow before management of liquid resources
and financing (8,264) (17,037) (57,019)
Management of liquid resources 2,021 - 56,125
Financing 6,683 24,285 3,642
Increase in cash 440 7,248 2,748
Background on QXL ricardo
QXL ricardo plc ("QXL") is a pan-European online auction community. QXL
conducts consumer-to-consumer and business-to-consumer auctions in eleven
languages and twelve currencies. The QXL online auction community facilitates
trading 24 hours a day, seven days a week in an efficient, convenient and
entertaining environment. QXL enables buyers to bid on merchandise and
services from across Western Europe which are sold by QXL members and
merchants. QXL also enables sellers to locate and trade with buyers in new
geographic markets. A wide selection of merchandise and services is available
on its online auction community, ranging from computer software and hardware,
consumer electronics, household appliances and collectibles to travel-related
items and sports equipment. QXL is a publicly traded company with its shares
listed on the Official List of the United Kingdom Listing Authority, the
Nasdaq National Market and the Frankfurt Stock Exchange.
QXL provides access to the QXL trading community in:
UK - www.qxl.com and www.qxl.co.uk; Germany - www.ricardo.de; France -
www.qxl.fr; Italy - www.qxl.it; Netherlands - www.ricardo.nl; Norway -
www.qxl.no; Denmark - www.qxl.dk; Spain - www.qxl.es; Poland -
www.allegro.pl; Sweden - www.qxl.se; Finland - www.qxl.fi; Switzerland -
www.ricardo.ch
This press release may contain forward-looking statements that relate to the
Company`s plans, objectives, estimates and goals. The Company`s business is
subject to numerous risks and uncertainties, including risks associated
with: funding requirements; acquisitions; only having a limited operating
history; regulation of auctions and the Internet; probable variability in
the Company`s quarterly operating results; the Company`s results of
operations not being indicative of future performance; significant losses
being incurred as a result of expansion of the Company`s business;
dependence on growth of online commerce market; risks associated with
development and growth of the Company`s foreign language web sites; intense
competition; failure to develop the Company`s brand; failure to expand the
Company`s systems; risks associated with managing internal growth and
retaining and recruiting personnel; international expansion; online commerce
security; risks associated with not developing new services, features and
functions; risks associated with intellectual property rights; fraudulent
activity of our members and suppliers; and seasonality. These and other
risks and uncertainties, which are described in more detail in the Company`s
Registration Statement dated 7 October 1999, on Form F-1 and Annual Report
dated 16 October 2000 on Form 20-F filed with the US Securities and Exchange
Commission, in the Company`s prospectuses and listing particulars filed with
the UK Listing Authority and the Registrar of Companies in England and Wales
(the most recent being dated 22 May 2001), in the German Sales and Listing
Prospectus dated 23 October 2000 filed with the Frankfurt Stock Exchange (as
supplemented on 10 November 2000), could cause the Company`s actual results
and developments to be materially different from those expressed or implied
by any of these forward-looking statements.
END
------------------------------------------------------------------------------------------------
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